Shell press release (NYSE:SHEL): Q1 Non-GAAP EPS of $1.20. Revenue of $72.48B (-16.7% Y/Y). Cash flow from operating activities for the first quarter 2024 was $13.3 billion. Q1 2024 Adjusted Earnings of $7.7 billion, reflecting strong operational performance across the business. CFFO of $13.3 billion for the quarter includes a working capital outflow of $2.8 billion. The company is commencing a $3.5 billion share buyback programme, expected to be completed by Q2 2024 results announcement. 2024 cash capex outlook unchanged: $22 – 25 billion. Outlook for the Second Quarter 2024: Cash capital expenditure for full year 2024 is expected to be within $22 – $25 billion. Integrated Gas production is expected to be approximately 920 – 980 thousand boe/d. LNG liquefaction volumes are expected to be approximately 6.8 – 7.4 million tonnes. Production and LNG liquefaction outlook reflects seasonality (higher maintenance). Upstream production is expected to be approximately 1,630 – 1,830 thousand boe/d. Production outlook reflects the scheduled maintenance across the portfolio. Marketing sales volumes are expected to be approximately 2,700 – 3,200 thousand b/d. Refinery utilisation is expected to be approximately 87% – 95%. Chemicals manufacturing plant utilisation is expected to be approximately 72% – 80%. Corporate Adjusted Earnings are expected to be a net expense of approximately $400 – $600 million in the second quarter and a net expense of approximately $1,700 – $2,300 million for the full year 2024. This excludes the impact of currency exchange rate and fair value accounting effects.