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.
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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 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 …
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.
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