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Shell: adjusted EPS down 13% in Q1

( - Shell reports Q1 adjusted earnings of $7.
7bn, down 20% on Q1 2023, although ahead of the consensus. cp: +1.3%.

Shell says that this figure reflects "solid operational performance across the business".

Adjusted EPS came to $1.20, compared with $1.39 twelve months ago (-13%).

Adjusted EBITDA came to $18.7bn, compared with $21.4bn a year earlier.

Shell's total production remained stable at 2.91 million barrels of oil equivalent per day.

Shell also announced the launch of a new $3.5bn share buyback program over the next three months.

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