Shell Flags Chemicals Unit Loss, Raising Buyback Program Doubts
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Shell Flags Chemicals Unit Loss, Raising Buyback Program Doubts

Shell anticipates a fourth-quarter loss in its chemicals and products division, citing significantly lower oil trading results and reduced chemical margins. This outlook has raised questions about the company's ability to maintain its planned $3.5 billion share buyback program. Despite the challenges in its trading and chemicals segments, Shell reaffirmed its oil, gas, and LNG output forecasts. The company's shares experienced a decline following the trading update as analysts assessed the revised financial outlook.

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