Shell PLC reported adjusted earnings of $10.8 billion in third-quarter 2026, nearly double year-earlier levels and above analyst expectations. Higher refining margins and increased realised LNG prices drove the strong performance.
Cash flow from operating activities reached $21 billion during the quarter.
Shell announced a new $5 billion share buyback program, which it expects to complete over the next three months. This follows the completion of a previous $4.2 billion repurchase program.
Net debt fell to $39.7 billion.