Shell has welcomed a "solid" set of results for the first quarter of 2025, with adjusted global earnings up almost $2billion (£1.5billion) on the last quarter.
The energy giant this morning announced its accounts for Q1 2025, showing global adjusted earning for the quarter of $5.6billion (£4.21billion) - up from $3.7billion (£2.78billion) in Q4 2024.
The latest figure, albeit a drop from $7.7billion (£5.79billion) Q1 earnings in 2024, beat analyst expectations.
In the update to shareholders this morning, Shell also announced it would buy back $3.5billion (£2.63billion) worth of shares for the next three months, the fourteenth consecutive quarter of a buyback programme of at least $3billion (£2.25billion).
Wael Sawan, Shell plc chief executive officer, said: "Shell delivered another solid set of results in the first quarter of 2025.
"We further strengthened our leading LNG business by completing the acquisition of Pavilion Energy, and high-graded our portfolio with the completion of the Nigeria onshore and the Singapore Energy and Chemicals Park divestments.
"Our strong performance and resilient balance sheet give us the confidence to commence another $3.5billion of buybacks for the next three months, consistent with the strategic direction we set out at our Capital Markets Day in March."