Energy Giant Shell Unveils $3 Billion Stock Buyback
Shell (NYSE: SHEL) stock rose in premarket after launching a $3B share buyback & crushing Q2 earnings estimates despite mixed revenue.
Shell made more profit than expected and is buying back its own stock, which can make each remaining share worth a bit more. When a big company feels confident about its future, it sometimes uses extra money this way—a signal to watch if the company keeps doing well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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