After a discouraging trading update in earlier October, Shell beat the estimates and posted the second highest quarterly results. The adjusted EBITDA was a strong beat by nearly 60%. The adjusted earnings were 18% down qoq due to lower profits from the trading activity. While the results were a good surprise, a better one came along with an additional $4bn share buy-back in Q4, raising the shareholder remuneration to 40% of the operating cash flow.
04 Nov 2022
Only good surprises
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Only good surprises
Shell Plc (SHEL:LON) | 2,790 0 0.0% | Mkt Cap: 178,745m
- Published:
04 Nov 2022 -
Author:
Elif Binici -
Pages:
4
After a discouraging trading update in earlier October, Shell beat the estimates and posted the second highest quarterly results. The adjusted EBITDA was a strong beat by nearly 60%. The adjusted earnings were 18% down qoq due to lower profits from the trading activity. While the results were a good surprise, a better one came along with an additional $4bn share buy-back in Q4, raising the shareholder remuneration to 40% of the operating cash flow.