Macro Finance
Shell Announces $5 Billion Buyback as Oil Refining Booms
Bloomberg Markets·October 29, 2026·1 min read
Shell Plc announced one of its highest-ever share buybacks, worth $5 billion, as the Iran war and the Russia-Ukraine conflict drive record margins for its oil-refining business and surging profits. The buyback underscores the company's strong cash generation amid geopolitical tensions that have boosted refining economics and energy prices.
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