Shell beats expectations with $10.8 billion third-quarter profit
Shell said stronger refining and liquefied natural gas prices lifted quarterly earnings and enabled a larger return to shareholders.
- 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.
48 Articles
48 Articles
Shell beats expectations with $10.8 billion profit
Shell has announced above-expectation net profit of $10.81 billion in the third quarter, its highest since 2022, and boosted its share buybacks on the back of stronger refining margins and higher liquefied natural gas prices.
The British-Netherlands oil and gas company Shell increased net profits by 2.3 times in the third quarter of 2026, with the adjusted figure exceeding the expectations of the experts.
Shell's massive profit boost amid Iran war sparks fierce backlash
SHELL has revealed its quarterly earnings have nearly doubled amid soaring oil prices caused by the Iran war, prompting anger from campaigners who branded the profits a “kick in the teeth” to struggling households.
Shell's profit rose sharply again last quarter. The oil and gas company posted a bottom-line profit of 12.1 billion dollars. In the same period last year, this was 5.4 billion. The company generated revenue of nearly 93 billion dollars. The good results are mainly due to the ongoing war in the Middle East. Several refineries there, which process crude oil into gasoline and diesel among other products, have been attacked. They are now producing …
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