UPDATE 1-Shell's profit beats expectations at $6.9 billion, cuts share buybacks

Shell Plc Sponsored ADR

SHEL

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Adds details on buyback programme

LONDON, May 7 (Reuters) - Shell's SHEL.L first-quarter adjusted earnings, its definition of net profit, rose to $6.92 billion, the company said on Thursday, beating an analyst consensus of $6.36 billion in a company-provided poll and up from $5.58 billion a year earlier.

Shell also cut the pace of its quarterly share buyback programme to $3 billion from $3.5 billion.

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