Shell lifts its buyback after bumper third-quarter earnings of $10.8bn amid soaring oil prices
Summary
Shell was criticised over a bumper earnings haul amid soaring oil prices, the Evening Standard and The Independent reported on Thursday 29 October, the FTSE 100 oil giant reporting better-than-expected underlying earnings of 10.81 billion US dollars for the three months to September 30. Shell lifted its buyback as the high oil price drove bumper profits, the Financial Times reported, the oil major's adjusted earnings of $10.8bn for the third quarter being its second highest on record.
Latest: Shell reported better-than-expected underlying earnings of 10.81 billion US dollars for the three months to September 30 and was criticised over the bumper haul amid soaring oil prices, the Evening Standard and The Independent reported, the Financial Times reporting that Shell lifted its buyback, its adjusted earnings of $10.8bn being its second highest on record.
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How it unfolded
Thursday 29 October
Shell reported better-than-expected underlying earnings of 10.81 billion US dollars for the three months to September 30 and was criticised over the bumper haul amid soaring oil prices, the Evening Standard and The Independent reported, the Financial Times reporting that Shell lifted its buyback, its adjusted earnings of $10.8bn being its second highest on record.
- 03:40The Independent Shell criticised over bumper earnings haul amid soaring oil prices
- 03:38Evening Standard Shell criticised over bumper earnings haul amid soaring oil prices
- 03:42Financial Times SubscribersShell lifts buyback as high oil price drives bumper profits