04:21 AM EDT, 05/02/2025 (MT Newswires) -- Shell (SHEL) reported Q1 adjusted earnings Friday of $0.92 per share, down from $1.20 a year earlier.

Analysts polled by FactSet expected $0.82.

Revenue for the quarter was $69.23 billion, down from $72.48 billion a year earlier.

Analysts surveyed by FactSet expected $76.79 billion.

The energy giant also said it has commenced a $3.5 billion share buyback program to be completed before the company's Q2 results announcement on July 31.

The company's shares gained 4% in premarket activity.