SUMMARY

• Shell posts a jaw-dropping $9.6 billion first-quarter profit, beating expectations
• Company shares rise 2.2% as they maintain steady buyback program and dividends
• Renewable and Energy Solutions unit gains momentum, with net-zero goal by 2050

Picture this: Shell, the British oil heavyweight, is riding the wave of a record-breaking streak, thanks to skyrocketing commodity prices that came after Russia's invasion of Ukraine.

They've just unveiled their first-quarter profit, and it's a whopping $9.6 billion, leaving analysts' predictions of $8.6 billion in the dust. This comes hot on the heels of their killer 2022 earnings - talk about smooth sailing!

The company's shares are getting a nice little 2.2% boost, and with so much cash on hand, Shell's keeping their share buyback program steady at $4 billion and their dividend unchanged.

According to Shell, this success story is all about improved operations, lower running costs, and a healthy dose of fuel trading and optimization. Plus, their net debt is down compared to last year - $44.2 billion instead of $48.5 billion. 📉

And it's not just about the fossil fuels. Shell's Renewable and Energy Solutions unit is making moves too, with first-quarter adjusted earnings of $389 million. They're on track to be a net-zero emissions biz by 2050!

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