MEXICO CITY--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) (“the Company” or “Orbia”) today announced that yesterday, the Amsterdam District Court dismissed two major lawsuits against Orbia and its Vestolit GmbH affiliate (“Vestolit”) in the Dutch Ethylene Damages Litigation. The court issued rulings in two cases—one brought by a Dutch Stichting (foundation) represent...
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Shell PLC (LSE:SHEL, NYSE:SHEL) shares rose after stronger oil and gas prices and improved trading led to its highest profits since 2022, with $4.2 billion (£3.15bn) of share buybacks announced. The buybacks comprise a new $3 billion programme on top of $1.2 billion left unfinished after the previous programme was suspended during its agreement to acquire ARC Resources.
Shell stock rose Thursday after the energy major reported its strongest quarterly profit since 2022, as higher commodity prices, refining margins and trading gains outweighed disruption in Qatar. Adjusted earnings climbed to $9.84 billion from $6.92 billion in the first quarter, beating the $8.92 billion analyst consensus.
Shell's adjusted earnings, its definition of net profit, reached $9.84 billion in the second quarter, it said on Thursday, beating expectations and more than doubling its profit from the same time last year.
Strong trading performance and higher prices stemming from the conflict in the Middle East enabled the energy major to maintain its quarterly buyback.