LONDON (Reuters) – Shell on Thursday reported a profit of $11.5 billion for the second quarter, beating expectations, lifted by strong refining profits and energy prices.
The company also announced a share buyback programme of $6 billion in the third quarter.
Second-quarter adjusted earnings rose to $11.47 billion, above the $11 billion forecast by analysts in a poll provided by the company.
It posted a profit of $5.5 billion a year earlier and of $9.1 billion in the first three months of 2022.
(Reporting by Ron Bousso and Shadia Nasralla; editing by Jason Neely)
