Shell's third quarter net profit doubled

Shell announced its financial results for the third quarter of the year.

Accordingly, the company made a net profit of $10.81 billion in the third quarter of the year. This amount corresponds to a 99 percent increase compared to the net profit of $ 5.43 billion in the third quarter of 2025. Shell's third quarter profit also increased compared to $9.83 billion in the previous quarter.

While $3.04 billion of the company's profit in the June-September period was provided by the integrated natural gas business line, $3.19 billion profit was made in the upstream business line, which includes the extraction of oil and gas.

Market expectation was that Shell's net profit would be 10.33 billion dollars in this period.

The increase in profit in question was due to the record level of refinery profit margins due to the post-war disruptions in energy supply in the Middle East and the increase in liquefied natural gas prices.

The company announced a $5 billion share buyback program for the next 3 months.

In his evaluation of the results, Shell Chief Executive Wael Sawan stated that they achieved strong results in a period when serious disruptions in the global energy system continued and said, "Thanks to our strong performance, we can announce that we will launch a $ 5 billion share repurchase program over the next three months."