Shell and Total Post Highest Quarterly Profit Since 2022

(Reuters) – Shell and TotalEnergies reported on Thursday sharply higher third-quarter profits and raised share buybacks, as war-driven energy prices and record refining margins helped both beat expectations. Shell raised its quarterly buyback to $5 billion from $3 billion, the second-largest buyback on record, while Total reiterated plans to buy back $2.5 billion of shares … Read more