LONDON—Shell on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said it will sharply boost its dividend by the end of 2022 when its CEO departs.
The British oil and gas giant also extended its share repurchasing program, announcing plans to buy $4 billion of stock over the next three months after completing $6 billion in purchases in the second quarter.
