Shell Q3 profit $10.81B on record $42/bbl refining margins; $5B buyback is ~46% of the quarter's adjusted earnings
Shell reported Q3 this morning: adjusted profit nearly doubled to $10.81B on a record $42 a barrel refining margin. The buyback rises to $5B from $3B.
That margin is 50% above the 2022 record. The buyback is ~46% of the quarter's profit. Refined products alone earned $3.8B. Turns out the best energy transition trade was gasoline. Not financial advice.
https://www.cnbc.com/2026/10/29/shell-earnings-oil-q3.html
Not financial advice. For informational and educational purposes only.
