Economy · 5 d ago
chaddavis.photography · CC BY-SA 2.0 · Wikimedia Commons
Shell and TotalEnergies post their highest profits since 2022
Shell third-quarter net profit
10.81 US$ billion
Shell's third-quarter net profit was US$10.81 billion, almost double a year earlier and above analysts' estimate of US$10.33 billion.
TotalEnergies reported adjusted net income of US$9.1 billion, more than double a year earlier. Shell raised its quarterly buyback to US$5 billion from US$3 billion.
Shell, per barrel
US$42
Total, per barrel
US$33.2
Refining margins nearly quadrupled for both companies compared with a year ago, as war-driven energy prices lifted earnings.
And us?
Shell's LNG liquefaction volumes rose 12 per cent in the first nine months, driven by the ramp-up at LNG Canada.
