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Shell increased its dividend to $0.33 per share in the quarter, as previously announced in June. It also announced the repurchase of $3 billion in shares over the next three months, compared with $3.6 billion in the previous three months.
Shell’s adjusted earnings missed company-provided analyst forecasts of $5.8 billion in earnings.
The results compared with record quarterly earnings of $11.5 billion a year earlier and $9.65 billion in the first quarter of 2023.
