Shell posts $10.8 billion Q3 profit above forecasts and lifts buybacks
Shell's third-quarter adjusted profit reached $10.81 billion, above analyst expectations, and the company raised its share buyback programme.
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what happened
According to Reuters, Shell said on Thursday that its adjusted profit, which is its definition of net profit, reached $10.81 billion in the third quarter. That beat the average analyst estimate of $10.33 billion from a poll the company itself commissioned, and compares with $5.43 billion a year earlier.
Shell also increased its share buybacks. The company credited stronger refining margins and higher liquefied natural gas prices for the result. The profit is its highest since 2022.
why it matters
Two factors matter for the market: strong refining and gas businesses support cash flow, and larger buybacks benefit shareholders. The oil and gas sector as a whole gains from high margins, but one company's results do not set the direction for Brent.
market impact
Shell shares and the oil and gas sector: profit above forecasts and bigger buybacks support the stock
- Shell shares pressure up — profit above expectations and larger buybacks support the stock price
tags
instruments
sources
- Shell beats expectations with $10.8 billion third-quarter profit — Reuters, 29 October 2026 at 07:04 UTC
- Shell beats expectations with $10.8 billion profit, hikes buybacks — Reuters, 29 October 2026 at 07:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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