Strong Financial Performance
Shell reported adjusted earnings of $5.4 billion and generated $12.2 billion in cash flow from operations, demonstrating strong quarter-on-quarter performance across its business segments.
Operational Excellence in Upstream
Shell achieved its highest ever quarterly production in Brazil and the Gulf of America, supported by successful project ramp-ups such as the Whale project in the Gulf of America.
Successful LNG Operations
The start-up of LNG Canada contributed to higher liquefaction volumes, with 13 cargoes delivered from Train 1; Train 2 is expected to start later this quarter.
Shareholder Distributions and Buybacks
Shell announced a $3.5 billion share buyback program, marking the 16th consecutive quarter of announcing $3 billion or more in buybacks.