Shell has announced $3.5bn of share buybacks after exceeding market expectations with $6bn in adjusted earnings for the third quarter. Chief executive Wael Sawan has focused on improving financial performance by cutting costs, simplifying the energy transition approach, and streamlining operations. Despite a drop in earnings in the chemicals division, Shell maintained its dividend at $0.34 a share while reducing capital expenditure and debt to enhance balance sheet resilience.
Full Article
Joby Aviation Stock Soars to an All-Time High: My Prediction for What Comes Next
Joby Aviation is developing electric air taxis to alleviate urban traffic, with plans for point-to-point networks in major cities like New York. Despite its stock hitting an all-time high of $17.50 and a market cap of $14.8 billion, the company currently generates no revenue while its vehicles, capable of 200 mph, await operational status. Want More Context? 🔎
Read more