Shell logs 'strong' quarter as earnings fall but top expectations

London (AFP) May 2, 2024

British oil and gas giant Shell announced Thursday that first-quarter earnings fell but beat expectations in a "strong" performance, and unveiled another bumper stock buyback. Adjusted earnings sank almost a fifth to $7.7 billion from a year earlier but this smashed market expectations of $6.5 billion, while cash flow from operating activities hit $13.3 billion. Adjusted profit stood at