Shell Profits Nearly Double to $10.8 Billion as Refining Margins Hit Record
Record refining margins and higher LNG and gas prices boosted Shell’s third-quarter earnings to over $10.8 billion, nearly double compared to the same period last year, as the Middle East crisis squeezed fuel supplies and hiked oil and gas prices. Shell on Thursday reported adjusted earnings of $10.814 billion for the third quarter, the highest since 2022, almost double the $5.432 billion earnings a year ago.
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