Shell: adjusted earnings of $6bn in Q3

(CercleFinance.com) - Shell reports Q3 adjusted earnings of $6.
02bn, ahead of expectations, but down 3.2% on the same period a year earlier and down 4.7% on the previous quarter, Q2 2024.

Despite lower crude prices and lower refining margins, this reflects a solid operating performance in Integrated Gas, Upstream and Marketing, Shell says.

Adjusted EBITDA was $16bn, up from $16.8bn in Q2 2024.

FCF increased from $7.5bn in Q3 2024, to $10.2bn in Q2 2024, and finally to $10.8bn in Q3 2024.

Shell has again delivered strong results. We continue to generate more value with fewer emissions, while strengthening the resilience of our balance sheet, Shell CEO Wael Sawan said.

Today we are announcing a new $3.5bn share buyback program for the next three months, marking the twelfth consecutive quarter in which we have announced buybacks of at least $3bn, the executive added.


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