Shell's Profit Soars on Iran War Oil Boom, Buyback Cut
Shell's adjusted earnings surged to $6.9 billion, exceeding analyst expectations, driven by higher oil prices amid the Iran war. However, the company reduced its share buyback program from $3.5 billion to $3 billion.
Key facts
- Adjusted earnings hit $6.9 billion
- Earnings exceeded analyst expectations
- Buyback reduced from $3.5 billion to $3 billion
- Profit surge linked to Iran war oil price boom
Entities
Institutions
- Shell
Sources
- Quartz —