Shell posts stronger-than-expected quarterly adjusted earnings, slows buybacks as output falls
Shell reported first-quarter adjusted earnings of $6.92 billion, topping a company-provided analyst consensus of $6.36 billion and up from $5.58 billion a year earlier. The company reduced its quarterly share buyback pace to $3 billion from $3.5 billion. Production fell 4% versus the prior quarter, linked to the U.S.-Israeli war on Iran and damage …