Shell beats expectations with $10.8 billion third-quarter profit

Shell reported a sharp jump in performance for the third quarter, nearly doubling its quarterly year-on-year adjusted earnings to $10.8 billion, and said it achieved record refining margins. The company announced the results on Thursday, alongside the headline profit figure. The update indicates stronger returns from Shell’s refining business during the quarter, even as energy markets remain sensitive to fuel demand and refining dynamics. The report did not include additional operational details in the excerpt beyond the profit and margin highlights, which Shell presented as key indicators of the quarter’s outcome.