India, May 2 -- Shares of Shell Plc were gaining around 4 percent on the London Stock Exchange as well as in pre-market activity on the NYSE, after the British oil and gas major announced Friday a share buyback programme of $3.5 billion, despite reporting weak first-quarter results.
Looking ahead, for the second quarter, the company projects Integrated Gas production to be approximately 890 - 950 thousand boe/d. LNG liquefaction volumes are expected to be approximately 6.3 - 6.9 million tonnes. Upstream production is expected to be approximately 1,560 - 1,760 thousand boe/d.
Marketing sales volumes are expected to be approximately 2,600 - 3,100 thousand b/d.
For fiscal 2025, cash capital expenditure is expected to be within $20 billion t...