Shell beats expectations with $7.7 bln first-quarter profit


LONDON: Shell on Thursday reported first-quarter adjusted earnings of $7.7 billion, sharply beating expectations, on the back of strong oil trading and higher refining margins.

The oil major announced it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. Its dividend remained unchanged.

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Shell , oil , refining , margin

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