Shell's third-quarter earnings exceeded expectations amid lower oil prices and refining margins but boosted by higher gas sales. The company also announced over $3 billion in new buybacks and held its dividend steady. Activist group Follow This criticized Shell for reducing its renewable energy investments in the third quarter. Shell reduced its 2030 carbon emissions target in March, softening near-term goals but upholding its commitment to achieve net-zero emissions by mid-century.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shell's third quarter earnings exceeded expectations amid lower oil prices and
00:06refining margins, but boosted by higher gas sales.
00:09The company also announced over $3 billion in new buybacks and held its dividends steady.
00:15Activist group Follow This criticized Shell for reducing its renewable energy investments
00:20in the third quarter. Shell reduced its 2030 carbon emissions target in March,
00:24softening near-term goals but upholding its commitment to achieve net zero emissions by
00:29mid-century. For all things money, visit Benzinga.com slash GSTV.