(Bloomberg) — Royal Dutch Shell Plc said the worsening economy could slow the pace of returns to shareholders, overshadowing a strong third-quarter trading performance that yielded bumper profits.While the company comfortably beat even the highest analyst estimate for third-quarter profit, shares dropped the most in almost a month after Chief Executive Officer Ben van Beurden warned of uncertainty around the current pace of share buybacks and reduction in gearing — Shell’s ratio of debt to equity.It’s a performance that echoes Shell’s closest rival BP Plc, which also posted better-than-expected earnings but disappointed shareholders hoping for a dividend increase. The third …read more
Source:: Yahoo Finance
