Key facts: Shell best profit in two years; $3B buybacks, GS to trade
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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.
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