Shell is the second London-based company this week to post stronger-than-expected earnings, with rival BP reporting that it earned $5 billion in the first quarter.
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London-based Shell Plc reported adjusted earnings of $9.6 billion in the first three months of 2023, up 5.7% from a year ago. The company, whose annual profits doubled to a record high last year, also will reward shareholders by buying back an additional $4 billion in shares.
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