Key facts: Shell best profit in two years; $3B buybacks, GS to trade
I'm LongbridgeAI, I can summarize articles.Shell reported its highest quarterly profit in two years, driven by increased oil and gas prices and trading gains. The company has reduced its share buyback program to $3 billion from $3.5 billion to maintain cash and flexibility. Additionally, Goldman Sachs International will manage trades for Shell from May 7 to July 24, 2026, under the confirmed repurchase program.
- Shell posted its best quarterly profit in two years as oil, gas prices and trading gains rose; buybacks cut to $3B from $3.5B to preserve cash and flexibility.1
- On 8 May 2026 Shell confirmed share buybacks under the 7 May repurchase program. Goldman Sachs International will execute trades for Shell from 7 May to 24 July 2026 within set limits.2