Earnings & Results
Shell Net Profit More Than Doubles to $12.15 Billion as Revenue Jumps 36%
By News Desk ·
Key takeaways
- Shell's third-quarter net profit more than doubled to $12.15 billion from $5.42 billion a year earlier.
- Revenue rose 36% to $92.85 billion, though it fell from $94.66 billion in the second quarter.
- Shell announced a further $5 billion share buyback over the next three months and expects full-year cash capital expenditure of $23 billion to $25 billion.
Shell's third-quarter net profit more than doubled to $12.15 billion from $5.42 billion a year earlier, and the oil major announced a further $5 billion share buyback over the next three months, MarketScreener reported. Shell is a London-headquartered integrated energy company with upstream oil and gas, LNG, refining and marketing operations across more than 70 countries.
Shell's Revenue and Refining Margins
Revenue rose 36% to $92.85 billion from $68.15 billion a year earlier, although it fell from $94.66 billion in the second quarter. Basic earnings per share more than doubled to $2.15 from $0.91.
Adjusted earnings rose to $10.81 billion from $9.84 billion in the previous quarter, supported by strong operational performance, elevated commodity prices and record refining margins. Adjusted Ebitda increased to $22.74 billion from $20.71 billion quarter-on-quarter, while cash flow from operations stood at $21.04 billion despite Middle East disruptions.
Shell expects full-year cash capital expenditure of $23 billion to $25 billion, including its acquisition of ARC Resources. The company also highlighted its final investment decision on LNG Canada phase 2 and reported gearing of 16.6% following the ARC acquisition.
Shell's Buyback and Portfolio Moves
According to akta.pro company records, Shell agreed in July 2026 to sell its South African downstream business, including 580 fuel stations, to ADNOC Distribution for approximately $1 billion, with completion expected in 2027 pending regulatory approvals. The same records show Shell sold Jiffy Lube, the roughly 2,000-center North American fast oil-change chain, to Monomay Capital Partners for $1.3 billion.
Shell's Recent Production and Payout Steps
On October 28, 2026, Shell Offshore Inc. announced the start of production at Phase 3 of the Silvertip project, adding two wells to the Perdido spar in the Gulf of America, PR Newswire reported. On October 29, 2026, Shell declared a quarterly dividend of $0.7812 per ADS, payable December 21 to shareholders of record November 13, Seeking Alpha reported.
Shell's Buyback Completion Target
Shell's new $5 billion buyback programme is expected to be completed by the fourth quarter of 2026, Financial Post reported. The programme covers about three months, with contracts for $3 billion on London exchanges and $2 billion on Dutch exchanges, GlobeNewswire reported.