0730 GMT - Shell reported strong numbers after its traders benefited from supportive conditions, RBC Capital Markets analyst Biraj Borkhataria writes. Its $3 billion quarterly buyback was as expected but the energy major also needs to catch up with around $1.2 billion of uncompleted buybacks after it paused them during the Arc Resources acquisition, he says. Its forward-looking guidance is conservative but this is typical for Shell, he says. Shares rise 1.6% to 3,376.5 pence.
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