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Shell beats expectations with $10.8 billion third-quarter profit
Shell said strong refining and gas prices lifted adjusted earnings and free cash flow, while a $5 billion buyback will run over the next three months.
- On Thursday, October 29, 2026, Shell plc reported $10.8 billion in adjusted earnings for Q3 2026 and announced a $5 billion share buyback programme for the next three months.
- Record refining margins and strong operational performance bolstered earnings, while cash flow from operations reached $21.0 billion despite Middle East supply outages.
- Management finalized the ARC Resources acquisition on September 2, 2026, and the company reached a final investment decision on the LNG Canada Phase 2 project.
- Post-ARC acquisition gearing reached 16.6% with total net debt of $39.7 billion, demonstrating financial stability to support the buyback programme without compromising long-term commitments.
- Capital expenditure for 2026 is projected between $23 billion and $25 billion, with the next major investor update scheduled for April 29, 2027.
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22 Articles
22 Articles
Oil and gas company Shell doubled its profit in the past quarter due to high oil and gas prices resulting from the ongoing war in the Middle East.
·Apeldoorn, Netherlands (Kingdom of the)
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The Globe & MailReposted by 
daily-tribune.com
daily-tribune.comShell plc publishes third quarter 2026 press release
GlobeNewswire Press Release.
·Toronto, Canada
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Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
·Englewood Cliffs, United States
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Shell announces commencement of a share buyback programme
Shell plc Shell announces commencement of a share buyback programme October 29, 2026 Shell plc (the ‘Company’) today announces the commencement of a $ 5 billion share buyback programme covering an aggregate contract term of approximately three months (the ‘programme’). The purpose of the programme is to reduce the issued share capital of the Company. […]
·Toronto, Canada
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Total News Sources22
Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
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