Shell Reports Strong Q3: Analysts Highlight Robust Buybacks Amid Market Challenges

Shell PLC SHEL shares are trading relatively flat on Friday.Yesterday, the company reported revenue of $71.09 billion, beating the consensus of$61.34 billion. Total production at Integrated Gas fell 4% quarter over quarter (Q/Q) to 941 kboe/d, and Upstream rose 2% Q/Q at 1,811 kboe/d. RBC Capital Markets analyst Biraj Borkhataria reiterated the Outperform rating on Shell, with a price forecast of 3,500 pence.The analyst highlighted that the earnings beat was notable for being broad-based rather than relian ...