NewsNewsDetails
Shell's quarterly profits nearly doubled year-on-year, with refining profit margins reaching a record high
CNBC
53m ago
Ai Focus
Shell stated that driven by rising commodity prices and the tightening of refined oil supply due to conflicts in the Middle East and the Russia-Ukraine war, its adjusted profit in the third quarter nearly doubled year-on-year to $10.8 billion, exceeding market expectations; the company also announced plans to repurchase $5 billion worth of its own shares over the next three months.
Helpful
No.Help

On September 28, 2026, a diesel fuel dispenser at a Shell gas station in Los Angeles, California, USA.

Bloomberg | Bloomberg | Getty Images

The oil giant stated on Thursday that Shell's adjusted profit in the third quarter nearly doubled year-on-year, reaching $10.8 billion, and it also recorded a record refining margin.

As an indicator for the company to measure net profit, the adjusted earnings have risen significantly from $5.4 billion a year ago, mainly driven by higher commodity prices, as well as the tightening of global refined oil supply amid conflicts in the Middle East and the Russia-Ukraine war.

According to the market expectations summarized by LSEG, analysts originally predicted this figure to be $9.92 billion.

The indicative refining profit margin is $42 per barrel, which is significantly higher than the previous record of $28.04 set in the second quarter of 2022.

The company also announced that it will undertake a $5 billion stock repurchase over the next three months.

This is breaking news. Please refresh to get the latest updates.

Tip
$0
Like
0
Save
0
Views 19
HQYC reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
LUNGevity Foundation Launches “Every Breath Forward” to Drive Progress and Improve the Lives of Patients Across America
LUNGevity Foundation will launch a national initiative, " Every Breath Forward ", in November. The initiative involves setting up white flag installations in various locations across the United States to commemorate those who have passed away from lung cancer, and it also calls for increased investment in research, expanded coverage of lung cancer screening, and improved accessibility to treatment. The core component of this campaign will see 60,000 white flags placed in Washington's National Square on November 1st. Additionally, the foundation will organize related activities in multiple cities and on campuses.
PR Newswire
·2026-10-29 16:33:21
0
Automatically generated attribute: Methodology integration
The article discusses the feasibility and limitations of introducing AI to automatically generate attributes, specifications, and form validation content in the semiconductor design and verification process. Respondents generally believe that AI can reduce the writing burden, but this is contingent on clearer specifications and more standardized processes, and engineers with form validation capabilities are still required to participate in the review and verification.
The Block
·2026-10-29 16:24:07
14
Preformed Line Products Announces Financial Results for the Third Quarter of 2026
Preformed Line Products indicates that in the third quarter of 2026, net sales amounted to 209.5 million US dollars, a year-on-year increase of 18%; diluted earnings per share were 3.56 US dollars, compared to 0.53 US dollars in the same period last year. The company stated that its US business performed strongly driven by growth in the transmission and distribution markets, with operating cash flow increasing to 68.1 million US dollars in the first nine months.
PR Newswire
·2026-10-29 16:24:05
10
Rethinking Left-Shifting in Chip Design
Sem Token Issuance nductor Engineering interviewed executives from Synopsys, Hiveware, Silvaco, and Axiomise to discuss the pros and cons of "left-shifting" in the chip design process. The respondents believe that AI agents and digital twins allow for more design options to be explored earlier, but verification, credibility, and manual review remain key bottlenecks; in the future, left-shifting may no longer be a linear progression, but rather involve continuous adjustment of architecture and implementation choices as new information emerges.
The Block
·2026-10-29 16:24:03
8
NASA grants LeWiz Communications a third-phase contract to advance aerospace electronics network technology
LeWiz Communications announced that it has been awarded a contract for the third phase of the NASA Small Business Innovation Research (SBIR), which will involve the development of advanced avionics network systems to enhance communication and interoperability between spacecraft electronic systems. The company stated that this project will build upon its long-term collaboration with multiple centers of NASA and the US Navy, aiming to develop a TTE to TSN bridging system to support future exploration missions.
PR Newswire
·2026-10-29 16:12:21
10
View More
Latest from Author
Refresh
arrow
CEO, who posted photos of the "_Lake America_" hoodie, is no longer in office.
CEO, who posted photos of the "_Lake America_" hoodie, is no longer in office.
09-26 23:17   405peopleViews
Apple faces a $5.7 billion patent infringement ruling due to iPhone and Apple Watch tactile technologies
Apple faces a $5.7 billion patent infringement ruling due to iPhone and Apple Watch tactile technologies
09-26 23:06   386peopleViews
Hublot claims that its collaboration with Swatch Royal Pop has broken sales records, despite the sluggish luxury watch industry and tariff pressures
Hublot claims that its collaboration with Swatch Royal Pop has broken sales records, despite the sluggish luxury watch industry and tariff pressures
09-26 22:56   437peopleViews
Recommended