Shell and TotalEnergies double profits on a refining boom

MercoPress · 30/10/2026, 1:00:00

European oil majors Shell and TotalEnergies doubled their profits in the third quarter of 2026 and posted their best quarterly results since 2022, driven by refining margins almost four times higher than a year earlier amid tensions in the Middle East, according to results published on Thursday. Both expanded their share buyback programmes.