Shell closed the first nine months of 2026 with attributable net profit of 28.573 billion dollars (25.660 billion euros), which implies an increase of 109% compared with the same period of the previous fiscal year. In parallel, the energy multinational has announced the launch of a new share buyback plan for a maximum amount of 5.000 billion dollars (4.490 billion euros).
The oil company explained that these results are based on higher prices, better refining margins, and an increase in commercial activity. These positive factors were only partially offset by lower volumes, adverse tax changes, and unfavorable effects on interest rates.
Between January and September, Shell recorded revenue of 261.808 billion dollars (235.122 billion euros), which represents a year-on-year increase of 26,5%. At the end of the period, net debt stood at 39.733 billion dollars (35.683 billion euros), 3,6% less than at the end of the third quarter of the previous year.
In the third quarter, from July to September, Shell's attributable net profit soared by 126%, to 12.027 billion dollars (10.828 billion euros). In those three months, revenue amounted to 95.322 billion dollars (85.606 billion euros), which means an increase of 35,4% compared with the same period of the previous year.
"Shell's constant focus on operational performance made it possible to obtain very solid results in a quarter marked by the continued and severe disruption of the global energy system", the chief executive of the oil company, Wael Sawan, said.
In addition, the top executive has detailed that, in view of the company's solid financial performance, Shell will launch a share buyback program worth 5.000 billion dollars for the next three months.