Shell launches another $3.5 billion share buyback

[Shell - one of the largest chain gas station in the world.]
Magdalena Wygralak

* European oil and gas major Shell plc (SHEL [https://seekingalpha.com/symbol/SHEL]) on Thursday announced [https://seekingalpha.com/pr/20285627-shell-announces-commencement-of-a-share-buyback-programme]the commencement of a $3.5 billion share buyback program covering an aggregate contract term of approximately three months.
* The purpose of the program is to reduce the issued share capital of the company.
* All shares repurchased as part of the program will be canceled. It is intended that, subject to market conditions, the program will be completed before the company’s Q4 2025 results announcement.
* The company reported a sharp decline in third-quarter profit on Thursday.

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