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Stock impact report

Shell plc publishes third quarter 2024 press release

Royal Dutch Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) (SHEL) 
Company Research Source: GlobeNewswire
London, October 31, 2024 "Shell delivered another set of strong results. We continue to deliver more value with less emissions, whilst enhancing the resilience of our balance sheet. Today, we announce another $3.5 billion buyback programme for the next three months, making this the 12th consecutive quarter in which we have announced $3 billion or more in buybacks." Shell plc Chief Executive Officer, Wael Sawan   STRONG RESULTS, CONSISTENT DISTRIBUTIONS Q3 2024 Adjusted Earnings1 of $6.0 billion, despite the lower crude prices and weaker refining margins, reflect strong operational performance in Integrated Gas, Upstream and Marketing.CFFO of $14.7 billion for the quarter includes a working capital inflow of $2.7 billion; net debt reduced to $35.2 billion ($9.6 billion excluding lease liabilities).Cash capex for 2024 is expected to be below the lower end of the $22 - 25 billion range. Commencing a $3.5 billion share buyback programme, expected to be comple Show less Read more
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