Shell plc reported stronger-than-expected first-quarter earnings of $6.9 billion, attributed to rising oil and gas prices amid the Iran conflict, which boosted trading profits and offset production declines, while also announcing a 5% dividend increase and a $3 billion share buyback program. #EnergySector #OilPrices #CorporateEarnings #IR #QA #AU #CA #GB #US
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Shell profits surge as Iran war drives oil prices higher
Shell plc posted stronger-than-expected first-quarter earnings as the Iran war drove up oil and gas prices and boosted trading profits, offsetting conflict-related declines in production.