Shell reported Q3 2024 income of $4.3 billion, up 22% from Q2 2024, driven by higher LNG volumes and favorable tax movements, despite lower refining margins and oil prices. Adjusted earnings reached $6.0 billion with strong cash flow from operations of $14.7 billion.The company maintained its quarterly dividend at $0.3440 per share and announced a new $3.5 billion share buyback program expected to complete by Q4 2024 results. Net debt decreased to $35.2 billion from $38.3 billion in Q2, with gearing ratio improving to 15.7%.For full year 2024, Shell expects cash capital expenditure to be below $22 billion. The company achieved operational milestones including FID on the Manatee gas project in Trinidad and Tobago, and signed an agreement for a 10% stake in ADNOC's Ruwais LNG project in Abu Dhabi.

Shell reported Q3 2024 income of $4.3 billion, up 22% from Q2 2024, driven by higher LNG volumes and favorable tax movements, despite lower refining margins and oil prices. Adjusted earnings reached $6.0 billion with strong cash flow from operations of $14.7 billion.The company maintained its quarterly dividend at $0.3440 per share and announced a new $3.5 billion share buyback program expected to complete by Q4 2024 results. Net debt decreased to $35.2 billion from $38.3 billion in Q2, with gearing ratio improving to 15.7%.For full year 2024, Shell expects cash capital expenditure to be below $22 billion. The company achieved operational milestones including FID on the Manatee gas project in Trinidad and Tobago, and signed an agreement for a 10% stake in ADNOC's Ruwais LNG project in Abu Dhabi.