Business · Companies · 3 hrs ago
Shell quarterly profit nearly doubles to $10.8bn as energy prices rise
Shell reported $10.8bn in adjusted profit for July to September, nearly twice what it made in the same quarter a year earlier.
The company’s results were boosted by higher oil and gas prices linked to the Iran war, which has disrupted energy supplies.
Shell also plans to return $5bn to shareholders through buybacks over the next three months, up from $3bn in the previous quarter.
The conflict has damaged a key gas-processing facility, and Shell’s gas production fell by about a third from its prewar level.
Campaigners criticised the profits as households and motorists face higher fuel costs and inflation.
There is no sign of an end to the war or the Strait of Hormuz reopening, according to the reports.
Shell reported underlying earnings of 10.81 billion US dollars for the three months to September 30, nearly double the 5.43 billion dollars recorded a year earlier.
The company said high oil and gas prices amid the Middle East conflict helped drive the results.
Shell plans to buy back another 5 billion US dollars of shares before the year-end.
Campaigners criticised the profits as households and motorists face higher fuel costs and related inflation.
- Who
- Shell, the FTSE 100 oil and gas company.
- What
- It reported quarterly underlying earnings of 10.81 billion US dollars, nearly double the figure a year earlier.
- When
- For the three months to September 30; the results were reported on October 29, 2026.
- Where
- Not stated.
- Why
- High oil and gas prices amid the Middle East conflict contributed to the earnings rise.
Shell
End Fuel Poverty Coalition
Earnings
Shell
Shell said operational performance enabled very strong results amid severe disruption to the global energy system.
End Fuel Poverty Coalition
The coalition’s coordinator said the figures were not remotely fair.
Shareholder returns
Shell
Shell plans another 5 billion US dollars in share buybacks before the year-end.
End Fuel Poverty Coalition
The coalition criticised the profits while households and motorists face rising fuel costs and related inflation.
Shell recorded underlying earnings of 10.81 billion US dollars, up from 5.43 billion dollars a year earlier.
Shell reported its quarterly results and announced plans for another 5 billion US dollars in share buybacks before the year-end.
- Underlying earnings
- 10.81 billion US dollars
- Underlying earnings a year earlier
- 5.43 billion US dollars
- Chemicals and products unit earnings
- 3.86 billion US dollars, compared with 550 million dollars a year earlier
- Planned share buybacks
- 5 billion US dollars before the year-end
- Oil prices
- Above 100 dollars a barrel during the ongoing Middle East conflict
5 sources
Shell verdubbelt kwartaalwinst tot 10,8 miljard dollar door hoge olie- en gasprijzen
Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
Shell lifts buyback as high oil price drives bumper profits
Shell profiteert flink van stijgende olie- en gasprijzen en boekt miljardenwinst
Shell criticised over bumper earnings haul amid soaring oil prices
What people are saying
Shell’s relentless focus on operational performance enabled very strong results in a quarter with continued severe disruption to the global energy system.
There is no version of these figures which look even remotely fair.
Shell earns more in sixty seconds than most people in this country manage in twelve months.