Shell's third-quarter earnings exceeded market expectations
Due to the continuous growth of its natural gas business, Shell's earnings exceeded market expectations, partially offsetting the impact of low oil prices and weak refining margins on third-quarter performance. Energy giant Shell announced on Thursday that its adjusted earnings for the quarter were $6.03 billion, a year-on-year decrease of 4%, but surpassing the company's widely expected $5.36 billion. By market capitalization, the company announced a quarterly dividend of $0.344 and stated that it would repurchase $3.5 billion worth of shares in the fourth quarter, consistent with previous guidance
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