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Shell's quarterly adjusted earnings nearly double to $10.8B on record refining margins amid global conflicts

Company Fundamentals
29 Oct 2026, 10:26 WIB
CNBC
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Bullish
Shell's quarterly adjusted earnings nearly double to $10.8B on record refining margins amid global conflicts

Shell reported a nearly twofold increase in its quarterly adjusted earnings to $10.8 billion, surpassing analyst expectations of $9.92 billion. This surge was driven by higher commodity prices and tight supply of refined products due to conflicts in the Middle East and Russia-Ukraine war. The company also achieved record refining margins of $42 per barrel, well above the previous high of $28.04 per barrel in 2022. Additionally, Shell announced a $5 billion share buyback program over the next three months, signaling confidence in its financial strength.

Shell's stock on Pluang trades near its 52-week high at USD 106.90, up 1.63% as of Oct 29, 2026 14:41 WIB, reflecting strong market interest following its record refining margins and robust earnings. The current price is close to the 52-week peak of USD 108.18, contrasting sharply with the 52-week low of USD 70.31, highlighting significant recovery and investor confidence. The dividend yield stands at 2.98%, while order activity shows a balanced but slightly bullish sentiment with 60% buy orders.

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