Shell Shares Edge Down As Q2 Buyback Debate Returns
Shell Plc slipped in late London trade Thursday, giving up part of its earlier jump after the oil giant lifted some of its Q2 forecasts and signaled better gas trading. Shares changed hands at 3,048 pence, off 1.06%, with the FTSE 100 also down on the session, according to Hargreaves Lansdown pricing. The change puts the focus on Shell’s July 30 earnings. The quarter was already known to be active, but now investors will watch to see how the volatility turns into cash. Cash flow is important for dividends, paying down debt, and buybacks—Shell’s share repurchases could lower the share count.