Shell posts $10.8 billion third-quarter profit, raises quarterly buyback to $5 billion

In results reported Oct. 29, Shell earned $10.81 billion in third-quarter net profit, nearly double its year-earlier figure and above the analyst estimate cited by Reuters. Reuters reports that war-related supply disruptions helped push refining margins to a record. Shell raised its quarterly share buyback from $3 billion to $5 billion, while oil and gas output fell over the first nine months of 2026.