Macro Finance
Shell Boosts Share Buyback to $5 Billion as Refining Soars
Bloomberg Markets·October 29, 2026·1 min read
Shell Plc raised its share buyback to $5 billion after record refining margins from the Iran war and Russia-Ukraine conflict boosted profits. The announcement reflects surging earnings driven by geopolitical disruptions, with the energy giant returning more cash to shareholders amid volatile global oil markets.
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