Market Chatter: Royal Dutch Shell Said to be Likely to Announce Share Buy-Back Program

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Royal Dutch Shell ( RDS.A ) is under pressure to start a bumper $25 billion share buyback, according to a report from The Telegraph that cited UBS analyst Jon Rigby. Shares drifted marginally lower intraday.

The forthcoming results season "may be the quarter that sees a significant shift into share buy-back mode," Rigby was cited as saying. The company's quarterly results are due Thursday.

While oil prices were down, Shell decided to preserve its cash and issue shares to investors, and, as the crude market recovered, the company prioritized debt reduction over repurchases, the news report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , ETFs
Referenced Symbols: RDS.A , RDS.B , RDS/B

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