London, May 07 (QNA) - First-quarter adjusted earnings, Shell's ​definition of net profit, rose to $6.92 billion, on Thursday.

Shell reported adjusted earnings of $5.58 billion over the same period a year ago.

At the same time, Shell cut its quarterly share buy-back to $3 billion from $3.5 billion.

Shell's total oil and gas production fell 4% compared with the previous quarter, mainly due to supply disruptions and escalating tensions in the Middle East.

Shell's gearing, or debt to equity ratio including leases, rose to 23.2% from 20.7% at end-2025. Shell had flagged higher debt due to managing war-related price and supply disruptions and volatility. (QNA)