Shell has reported earnings that surpassed market expectations, thanks to the robust growth in its natural gas segment. This increase helped offset the effects of lower oil prices and weakening refining margins on the company's third-quarter performance.
The energy giant revealed an adjusted third-quarter profit of $6.03 billion, marking a 4% decline compared to the previous year but still surpassing the anticipated $5.36 billion. In terms of market capitalization, Shell has announced a quarterly dividend of 34.40 cents. Additionally, the company plans to proceed with a $3.5 billion share buyback in the fourth quarter, aligning with its previous guidance.
