🟢 Shell is trading 3.49% up in pre-market after Q3 adjusted earnings beat

Shell is trading at $108.86, up +3.49%, in pre-market on October 29 after a Q3 adjusted earnings beat.

• Adjusted earnings were $10.8 billion, above the $10.33 billion analyst estimate.
• Shell announced a $5 billion buyback.
• Reuters attributed the stronger results to refining margins and higher LNG prices. The supplied market backdrop is mixed, not a same-direction broad-market explanation.