Shell Shares Fall 2% After It Flags Chemicals & Products Unit Loss, Raising Doubts Over $3.5 Billion Buyback
Global energy giant Shell Plc witnessed a sharp decline in its stock price, falling by nearly 2%, after the company flagged losses in its chemicals and products division. The announcement has raised concerns among investors about the sustainability of Shell’s planned $3.5 billion share buyback program, which was intended to boost shareholder returns and reinforce…