Shell Holds Dividend Steady, Reports Strong Q3 Boosted By Gas Sales Despite Oil Dip

Shell's third-quarter earnings exceeded expectations amid lower oil prices and refining margins but boosted by higher gas sales. The company also announced over $3 billion in new buybacks and held its dividend steady. Activist group Follow This criticized Shell for reducing its renewable energy investments in the third quarter. Shell reduced its 2030 carbon emissions target in March, softening near-term goals but upholding its commitment to achieve net-zero emissions by mid-century.