04:31 AM EDT, 05/02/2024 (MT Newswires) -- Shell (SHEL) reported Q1 adjusted earnings Thursday of $1.20 per share, down from $1.39 a year earlier.

Three analysts polled by Capital IQ expected $1.

Revenue for the quarter ended March 31 was $72.48 billion, down from $86.96 billion a year earlier.

Three analysts surveyed by Capital IQ expected $88.07 billion.

The company also disclosed the launch of a $3.5 billion share buyback program with an aggregate term of about three months.

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