Shell's third-quarter income attributable to shareholders was $12.1 billion, and adjusted earnings rose to $10.8 billion from $9.8 billion in Q2, lifting shares about 3%. The gain came almost entirely from Chemicals & Products, where refining margins hit a record, while other segments were about flat. Products earned $3.8 billion in adjusted earnings even as refineries processed less crude than in Q2, and Upstream fell on lower oil and liquids prices and higher well write-offs. Shell also announced a $5 billion buyback for the next three months, and the article warns that margins this high rarely last and that a non-cash fourth-quarter loss of about $6.4 billion is expected from a Netherlands defined benefit plan.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Shellearningsoil pricesshare buybacks
Open a keyword to see other news on the same topic.
Related news
- Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Shell reported quarterly adjusted earnings of $10.8 billion, nearly doubling from $5.4 billion a year earlier, driven by higher commodity prices and a global squeeze on refined products amid the Middle East conflict and the Russia-Ukraine war. The result beat the $9.92 billion analysts expected, according to an LSEG-compiled consensus. Indicative refining margins reached $42 per barrel, well above the previous record of $28.04 per barrel in the second quarter of 2022. The company also announced a $5 billion share buyback for the next three months.
- Global diesel crisis turns oil refineries into profit machines
A global diesel shortage is pushing some major refiners toward record profits, even as higher fuel prices raise transport costs, inflation and pressure on households and businesses. The Guardian investigation, citing International Energy Agency warnings, says supply has fallen by about one million barrels a day compared with 2025 after refinery damage in the Middle East and Russia and restrictions on Chinese exports. TotalEnergies' refining and chemicals income more than quadrupled to $1.8 billion from April to June, and Shell expects refining margins near $42 per barrel for July–September, up from $24. The IEA says the shortage could last into 2027 and that the push for more diesel could later create a surplus and shift the next shortage to petrol.
- Shell receives exemptive relief from Canadian securities regulatory authorities regarding future Canadian filings
Shell announced it has received exemptive relief from Canadian securities regulators, so it will not have to comply with NI 51-101 requirements for oil and gas reserves disclosure in its annual filings. The relief follows Shell becoming a reporting issuer in Canada through its acquisition of ARC Resources Ltd, completed in September 2026. Instead, Shell may provide oil and gas disclosure under SEC requirements, but must file these disclosures on SEDAR+ as soon as practicable after submitting them to the SEC. The relief remains in effect only as long as Shell continues to meet the conditions set out in the Decision.
- Shell receives exemptive relief from Canadian securities regulatory authorities regarding future Canadian filings
Shell has received exemptive relief from Canadian securities regulators, so it will not have to comply with NI 51-101 or file Form 51-101F1 reserves data with its annual filings, provided certain conditions are met on an ongoing basis. The relief follows Shell becoming a Canadian reporting issuer through its acquisition of ARC Resources Ltd in September 2026. Instead, Shell may disclose its oil and gas activities under SEC, Securities Act, Exchange Act, Sarbanes-Oxley and NYSE requirements, and must file those disclosures on sedarplus.ca as soon as practicable after filing with the SEC. The decision document is available on the Alberta Securities Commission website.
- Why FTAI Aviation Stock Popped on Thursday
FTAI Aviation (FTAI) shares rose 14.61% after the aircraft leasing company reported third-quarter results, with revenue of $977.7 million, up 46.6% year over year, and profit of $150.6 million, up 28%. EPS rose 30% to $1.43, a pleasant surprise for investors who had sold the stock this year, though the shares are still down 10% over the past year. FTAI doubled its buyback authorization to $1 billion, which could retire more than 6% of shares outstanding if fully executed. The author is skeptical, noting the company had about $386 million on its balance sheet against more than $3.45 billion of long-term debt and burned nearly $516 million in negative free cash flow in the first half, per S&P Global, so buybacks would likely require more borrowing.
- Now We Know What The Gigawatt Supercycle Actually Means for GE Vernova
GE Vernova reported third-quarter orders of $29.3B, up 96% organically, with backlog rising to $197B, and raised its 2026 guidance. Third-quarter gas turbine orders were priced more than 20% above fourth-quarter 2025 orders, lifting Power's EBITDA margin to 21.4%, and management expects at least 130 gigawatts under contract by year-end, up from 83 gigawatts at the start of the year. Free cash flow guidance rose to $16B-$17B from $11.5B-$12.5B, and the buyback authorization doubled to $20B. On the other side, Electrification orders fell 9% organically, Wind is guided to an EBITDA loss of $400-$500M, and the $9 billion Trench Group deal requires roughly $4.5 billion of new debt. The stock fell 1.83% on the day and 7.43% over the past month, and the average analyst target of $1,223.97 across 37 analysts implies about 39.3% upside.
Related markets
Latest news
- Want Income for Life? Philip Morris International Yields 3.2% and Has the Kind of Competitive Moat That Makes the Income Durable.
Philip Morris International yields 3.2% and has raised its dividend every year since its 2008 listing, with its latest increase at 8.8%. Its cigarette volumes held flat in the third quarter of 2026, while Altria's domestic cigarette volume fell 3.2%, and organic gross profit from combustibles rose 7.4% on pricing power. Reduced-risk products such as oral nicotine pouches, vapes and heat-not-burn devices accounted for 42% of net revenue in the first nine months of 2026. The company's cash payout ratio is about 67%, and free cash flow has trended upward despite heavy investment in Swedish Match and Zyn capacity. Analysts expect earnings to grow nearly 9% a year over the next three to five years.
- Alphabet: 3 Key Takeaways for Long-Term Investors
Alphabet reported third-quarter 2026 revenue of $127.6 billion, up 25% year over year, as demand grew for custom hardware and cloud services amid scaling AI tools. Google Cloud revenue rose 103% to $30.7 billion, with elevated demand for TPUs and 18 product lines each generating over $1 billion in annual revenue. Search query growth reached its highest rate in five years as users adopted generative AI tools, and ads are being integrated into these search interfaces. Full-year 2026 capex guidance of $195–205 billion was unchanged, with 65% of infrastructure spend going to servers and networking hardware with estimated six-year useful lives, and capex is expected to rise significantly in 2027. Management said it expects ROIC to remain meaningfully above its cost of capital throughout this investment cycle.
- AMD Has Ripped 170% This Year: Is It Too Late to Buy?
AMD stock is up 170% in 2026, driven by two record data center quarters and a Meta deal for up to 6 gigawatts of Instinct GPUs. Second-quarter revenue rose 50% to $11.5 billion, data center sales more than doubled to $6.7 billion, and AMD guided to about $13 billion for the third quarter. Analysts expect normalized EPS to rise from $7.61 this year to $15.85 in 2027, while the forward P/E has fallen from a 67x peak to 50x. The author sees the main risk as AMD helping fund some of its own demand through a lease guarantee, up to $5 billion pledged to Anthropic, and warrants of up to 160 million shares apiece for OpenAI and Meta. The author judges AMD isn't too late to buy, with the Nov. 3 report as the key test.
- Crocs Lifts Outlook as Growth Shifts Overseas: Rapid Earnings Reaction
Crocs raised its full-year outlook for a third consecutive time as quarterly revenue rose 4.6% to $1.04 billion, helped by overseas growth and a return to growth at HEYDUDE. Adjusted operating income grew 11.7%, and adjusted gross margin rose to 60.3% from 58.5%. A one-time $64 million tariff refund was excluded from adjusted earnings, while adjusted diluted EPS grew 26.4% to $3.69, helped by a diluted share count down about 11%. Crocs brand revenue rose 4.4% to $873 million, with international up 11.8% and North America down 2.1%; HEYDUDE revenue rose 6.1% to $170 million. Management now expects full-year revenue growth of about 3%, up from 1% to 2%.
- Palo Alto Soars 14% in a Week as CEO Warns of AI’s “Nuclear Sort of Bomb”
Palo Alto Networks (PANW) stock rose 14% over the past week while the S&P 500 was roughly flat, as AI helped uncover software flaws and an Evercore survey showed security budgets firming. The broader cybersecurity group rallied too, with CrowdStrike (CRWD) up 11%. The author argues the valuation is already full: the forward P/E reached 96x on Oct. 27 versus a five-year average of 57x, and the stock closed Oct. 28 just under the $399 average analyst target. The main risk cited is that major AI players, such as Amazon with AWS Continuum, may sell defensive tools themselves. The author says the fiscal first-quarter report, which will test next-generation security ARR, is the key event, and rates the stock as a hold for now.
- Nvidia's relationship with China just got even more complicated as report says Jensen Huang was target of spy plot
Nvidia has struggled to gain a foothold in China because of US Commerce Department export restrictions in place since 2022. The New York Times reported that US intelligence believes Alice Huang, a leader at Nvidia customer Megaspeed with a well-documented relationship with Jensen Huang, acted as an intelligence asset and passed information to China's governing party, raising questions about information leakage from Nvidia. In December 2025, the Trump administration allowed some H200 chip exports after a $5 million lobbying push during the year, but H200 sales made up less than 1% of Nvidia's $89 billion second-quarter data center revenue, as Beijing blocked Chinese buyers from purchasing Nvidia chips. Nvidia said its forward outlook includes no China data center compute revenue. The article also describes a black-market trade smuggling chips through Southeast Asia and Blackwell B300 chips being openly sold on Douyin at millions of US dollars per server.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.