Market Flux Event
Shell Raises Quarterly Buyback to $5 Billion After Posting Second-Highest Quarterly Profit Ever
Read this in the Market Flux appShell lifted its share buyback programme to $5 billion per quarter, up sharply from the prior rate of roughly $3 billion, after reporting third-quarter net income of $10.8 billion, its second-highest quarterly profit on record. The three-month buyback programme, announced October 29, is intended to reduce the company's issued share capital.
The earnings surge was driven by a combination of high oil and LNG prices and, most critically, record refining margins, which together pushed cash flow higher and gave management the confidence to accelerate capital returns to shareholders. The Wall Street Journal reported that quarterly earnings roughly doubled and cash flow increased materially year over year.
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Sources
- Staunovo#Brazil’s state-controlled oil producer Petrobras lifted production to a record and ran its refineries near full capacity in the third quarter, helping the country weather disruptions to global energy markets from the Iran war. Oil and gas output climbed 12% on year to 3.51 million barrels of oil equivalent a day, Petroleo Brasileiro SA, as the company is formally known, said in a filing on Wednesday. Production rose 5.3% compared to the second quarter as Petrobras ramped up new platforms at deep-water fields, including the P-78 and P-79 units at the giant Buzios project. #oott
- Globe News WireShell announces commencement of a share buyback programme
- FirstSquawkSHELL PLANS SHARE BUYBACK OF $5B- HIGHER THAN $3B EARLIER
- ReutersShell beats expectations with $10.8 billion profit, hikes buybacks
- LiveSquawkShell Q3 2026 Earnings - Adjusted EPS: $1.93 (est $1.79) - Net Debt: $39.7B (est $42.04B) - Cash Flow From Operations: $21.04B (est $16.13B) - Dividend/Share: 39.06c (est 39.00c) - Oil And Gas Output: 2.57M BOE/D (est 2.55M) - Gas Production: 772,000 BOE/D
- CnbcShell nearly doubles quarterly profit year-on-year as refining margins soar to record high
- RedboxWireSHELL PLANS SHARE BUYBACK OF $5B- HIGHER THAN $3B EARLIER
- JavierBlasBIG OIL 3Q EARNINGS: Shell boost share buybacks to ~$5 billion per quarter (from a rate of ~$3 billion previously) after delivering its 2nd highest ever quarterly net income thanks to high oil and LNG prices and -- most importantly -- record refining margins.
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- WsjShell to Launch $5 Billion Share Buyback as Earnings Soar
- Financial TimesShell lifts buyback as high oil price drives bumper profits
- Proactive_X$SHEL Shell lifts payouts with $5bn buyback as record refining margins push third-quarter earnings to $10.8bn #SHEL
- AdvfnShell Reports $10.8 Billion Q3 Adjusted Earnings and Announces $5 Billion Share Buyback
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- BusinessThe business of refining oil is experiencing historic disruption. It’s also never been more profitable.
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- RigzoneShell Approves $5B Buyback as Refining Boosts Profit
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