Royal Dutch Shell is cutting the pace of its vast $25 billion share buyback program after lower oil and natural gas prices halved its profit in the last three months of 2019, sending its shares to their lowest since July 2017.
While the Anglo-Dutch energy company warned again that a slowing global economy could affect its buyback program, which is the world’s largest, Chief Executive Ben van Beurden said Shell still intended to complete it.
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