Shell’s Profit Nearly Doubles to $10.8 Billion
Shell said Thursday its third-quarter adjusted earnings nearly doubled to $10.81 billion from $5.43 billion a year earlier, beating analysts’ forecasts and marking its strongest quarter since mid-2022. Indicative refining margins hit a record $42 a barrel, up from the old high of $28.04, as the Middle East war and attacks on Russian refineries squeezed fuel supplies. Shell raised its quarterly share buyback to $5 billion from $3 billion.
What’s confirmed
- Shell said Thursday its third-quarter adjusted earnings nearly doubled to $10.81 billion from $5.43 billion a year earlier, beating analysts’ forecasts and marking its strongest quarter since mid-2022.
- Indicative refining margins hit a record $42 a barrel, up from the old high of $28.04, as the Middle East war and attacks on Russian refineries squeezed fuel supplies.
- Shell raised its quarterly share buyback to $5 billion from $3 billion.
Confirmed by 3 independent outlets: CNBC, The Guardian and Reuters.
What would move the score
- Now: 98% with 3 independent confirmations plus the primary source.
- Up: more independent outlets or primary records confirming the core claim.
- Down: a counted source correcting or walking back its report, or new evidence that weakens the claim.
Any change is logged below with the time and the old and new score. Corrections policy
Confirmation record
Plus the primary source: Shell’s Q3 2026 results release.| ✓ | CNBC Counted https://www.cnbc.com/2026/10/29/shell-earnings-oil-q3.html |
| ✓ | The Guardian Counted https://www.theguardian.com/business/2026/oct/29/shell-profits-double-iran-war-pushes-up-profit-margin-on-oil |
| ✓ | Reuters Counted https://live.euronext.com/en/financial-news/shell-posts-highest-quarterly-profit-2022-hikes-buybacks |
| · | Primary source Plus the primary source: Shell’s Q3 2026 results release. https://shell.gcs-web.com/news-releases/news-release-details/shell-plc-3rd-quarter-2026-and-nine-months-unaudited-results |
Updated / Corrected log
- Published at 98% with 3 independent confirmations.
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