Shell Posts a Steep Earnings Drop. Why Weak Oil Prices Aren’t Rattling Investors. - Barron's
1. Shell's Q1 adjusted earnings dropped nearly 25% to $4.3 billion. 2. The company cited lower trading contributions amid weak oil margins. 3. Shell announced a $3.5 billion share buyback plan to boost investor confidence. 4. Benchmark oil prices remained soft due to weak demand from China. 5. Shell's ADRs edged up 0.5% despite the profit decline.