Shell shares are trading higher after the announced a $3.5 billion share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Shell has announced a $3.5 billion share repurchase program, leading to a rise in its share prices.
November 02, 2023 | 3:19 pm
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Shell's share prices are trading higher following the announcement of a $3.5 billion share repurchase program.
Share repurchase programs are generally seen as a positive signal by the market, as they indicate that the company believes its shares are undervalued. This can lead to an increase in share prices, as is the case with Shell.
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