Shell Doubles Profits, Ramps up Buyback to $5 Billion

WHO:

Bloomberg Markets - Shell Plc announced an increase in its share buyback.

IJR - Shell reported third-quarter earnings and announced a share buyback program.

WHAT:

Bloomberg Markets - Shell increased its share buyback to $5 billion.

Bloomberg Markets - Shell’s oil-refining business recorded record margins, alongside a surge in profit.

IJR - Shell’s third-quarter earnings doubled year over year.

IJR - Shell raised its quarterly share buyback to $5 billion and announced a three-month program.

IJR - Shell continued investment in gas and LNG projects.

WHY:

Bloomberg Markets - The Iran war and the Russia-Ukraine conflict led to record margins for Shell’s oil-refining business and surging profit.

IJR - Higher LNG prices, strong refining margins and operational performance supported Shell’s doubled third-quarter earnings.

HOW:

IJR - Shell’s share-buyback program is structured as a three-month program.

(UPDATED October 29, 2026 12:09 UTC)

Shell’s third-quarter earnings doubled from a year earlier, supported by higher LNG prices, strong refining margins and solid operational performance. Its oil-refining business posted record margins as profit surged amid the Iran war and the Russia-Ukraine conflict. Shell raised its quarterly share buyback to $5 billion through a three-month program while continuing to invest in gas and LNG projects.