Shell: adjusted EPS down 13% in Q1

(CercleFinance.com) - Shell reports Q1 adjusted earnings of $7.
7 billion, down 20% on Q1 2023 but ahead of consensus expectations.

According to Shell, the figure reflects the company's 'strong operational performance across the business'.

Adjusted EPS was $1.20, compared with $1.39 twelve months ago (-13%).

Adjusted EBITDA was $18.7 billion, compared with $21.4 billion a year earlier.

Shell's total production remained broadly stable at 2.91 million barrels of oil equivalent per day.

Shell also announces the launch of a new $3.5 billion share buyback program over the next three months.

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