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International Business Times
International Business Times
Science
Roland JACKSON

THE TRUTH ABOUT: Shell logs strong quarter as earnings fall but top expectations - Caught on Camera

Shell's earnings fell as gas prices dropped (Credit: AFP)

British oil and gas giant Shell announced Thursday that first-quarter earnings fell but beat expectations in a "strong" performance, and unveiled another bumper stock buyback.

Adjusted earnings sank almost a fifth to $7.7 billion from a year earlier but this smashed market expectations of $6.5 billion, while cash flow from operating activities hit $13.3 billion.

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