Shell reported adjusted profit of $10.81B for the three months ended Sept 30, surpassing the $9.92B projected by analysts. The energy company also posted adjusted earnings per share of $1.93 against an estimated $1.79, and cash flow from operations of $21.04B, which beat forecasts of $17.29B.
Concurrent with the results, the oil major increased its share buyback program to $5B, up from a previously planned $3B. Shell reported that its net debt fell to $39.7B from an expected $42.04B, declared a dividend of 39.06c per share, and announced a $13.9B purchase consideration for the acquisition of ARC.