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Shell Q2 earnings surpass expectations at $6.3bn, share buyback programs announced.
Shell reported stronger-than-expected second-quarter earnings of $6.3bn, beating market expectations of $5.9bn, with lower fossil fuel prices and refining margins offset by stronger profit margins and total volumes in its marketing division.
The company announced a $3.5bn share buyback program for the next three months and affirmed plans for a further £2.7bn share buyback program.
Despite the slowdown in earnings, Shell's net debt was reduced by $2.2bn to $38.3bn during the quarter.
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Las ganancias de Shell Q2 superan las expectativas en $6,3 mil millones, programas de recompra de acciones anunciados.