Shell: 24% increase in Q2 adjusted profit

(CercleFinance.com) - Shell reports Q2 adjusted earnings of $6.
29bn, up 24% y-o-y and above the consensus.

Adjusted EPS came to $0.99, up 32%.

Adjusted EBITDA came to $16.8bn, up 16%. In Q2, Shell's total production reached 2.81 million barrels of oil equivalent per day, up 3%.

Shell confirms a 2024 cash investment outlook of between $22bn and $25bn.

It has also announced a new $3.5bn buyback program for the next three months. We continue to demonstrate that we deliver more value with less emissions, management says.


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