Shell (SHEL.L, SHELL.AS) launched a $3 billion stock repurchase program to reduce its share capital, according to a Thursday filing.
Under the three-month plan, the energy major will also buy back shares worth $1.23 billion, which it could not repurchase under its previous program that was suspended due to its planned acquisition of ARC Resources.
The repurchased shares will be cancelled.
NewMarket (NEU) reported Q2 earnings late Wednesday of $14.54 per diluted share, up from $11.84 a year earlier.Net sales in the quarter ended June 30 rose to $747.1 million from $698.5 million a year earlier.
Antero Resources (AR) reported Q2 earnings late Wednesday of $0.90 per diluted share, up from $0.50 a year earlier.Analysts surveyed by FactSet expected $0.76.Revenue for the three months ended June 30 was $1.56 billion, up from $1.3 billion a year earlier.Analysts polled by FactSet expected $1.53 billion.