CNBC
29 Oct 2026, 07:26 UTC · 1h ago
Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Impact · against what's priced in
Shell's quarterly performance provides a positive catalyst driven by a significant earnings beat and an expanded capital return program. While record refining margins are impressive, they align with prior company forecasts, leaving the buyback and EPS surprise as the primary value drivers.
- SHEL+0.70
No priced-in read yet
- In context
The $10.81 billion adjusted earnings beat analyst expectations by $890 million, coupled with a new $5 billion share buyback program, providing immediate upward pressure on per-share value.
Read from the article alone
