Shell beats on Q1 profit, launches $3.5bn share buyback

(Sharecast News) - Shell posted better-than-expected first quarter adjusted earnings and launched a fresh $3.5bn share buyback programme. The oil major's adjusted profit reached $5.58bn (consensus: $4.96bn) on $69.23bn of revenues, for earnings per share of 92 US cents.

Cash flow from operations came in at $9.28bn (consensus: $9.6bn).

Net debt at period end stood at $41.52bn.

The company also declared a quarterly dividend of 35.8 US cents.

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