The British oil company Shell revealed this Thursday that it obtained a profit attributed to shareholders of 7,358 million dollars (6,863 million euros) in the first quarter of 2024, 15.5% less year-on-year.
In the first quarter of last year, the multinational registered a profit of 8,709 million dollars (8,119 million euros)recalls the company in a statement.
The net debt in the period analyzed stood at 40,513 million dollars (37,777 million euros), compared to 44,224 million dollars (41,240 million euros) in the same period of 2023, which represents a drop of 8.39% , Add.
Shell also reported that the adjusted gross operating result (ebitda) was 18,711 million dollars (17,444 million euros), a drop of 12.69% year-on-year.
The adjusted profit, for its part, amounted to 7,734 million dollars (7,216 million euros)1.23% more than in the same period last year.
The company also indicated, when presenting the balance sheet results, another 3.5 billion dollars (3.2 billion euros) in share buybacks, in addition to another 3.5 billion dollars (3.2 billion euros) already completed in the last quarter of 2023.
Shell CEO Wael Sawan said the company “achieved another quarter of strong operational and financial performance, demonstrating the continued focus on generating more value with fewer emissions.”
“We continue to meet the Capital Markets Day objectives, which gives us confidence to begin another share repurchase program worth $3.5 billion in the next three months,” he concluded.
Source: Observadora
