Shell to buy back $30bn of shares as profits double

Oil company takes advantage of higher oil prices and improved performance to reward investors with increased dividends and share buybacks

Shell has committed itself to spending over $30bn (£17.7bn) buying back its shares and handing out higher dividends over two years.

The promise came as the Anglo-Dutch business more than doubled second quarter profits to $5.1bn as measured on a current cost of supplies basis.

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via Business Feeds

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