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Shell and TotalEnergies double profits on a refining boom

Reported by MercoPress UK

Shell and TotalEnergies reported doubled third-quarter 2026 profits, their strongest quarterly results since 2022, citing higher refining margins amid Middle East tensions. Both companies also expanded their share buyback programmes.

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Why it matters

The report describes stronger quarterly earnings and expanded buybacks at two oil majors.

Generated scores

Scores are based on the cited reporting and use a 1–10 scale. Read the methodology.

Confidence
6/10
Geographic reach
2/10
Global importance
2/10
Impact magnitude
2/10
Urgency
1/10

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