The Marked Chart Wire · Series of events
Series of events · Shell Earnings
Shell Q3 profit nearly doubles on record refining margins
Shell reported a sharp rise in quarterly profit driven by refining, though revenue missed market forecasts.
Updated
The flow in 3 points
- Quarterly profit nearly doubled year over year
- Refining margins reached a record high
- Revenue of $92.85 billion missed forecasts
What happened, in order
Times are Eastern-
Where it began
Profit doubles
Shell reported that its quarterly profit almost doubled compared to the same period last year, driven by refining margins reaching a record high.
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Earnings beat
Shell reported non-GAAP earnings per share of $3.83, surpassing estimates by $0.16. Revenue came in at $92.85 billion, falling short of forecasts by $8.01 billion.
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Latest
Q3 results
Shell reported third-quarter adjusted earnings per share of $3.86, exceeding the $3.65 consensus. Sales came in at $92.848 billion, missing the $99.725 billion forecast.
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How they connect
The stories detail the same quarterly earnings release, starting with the headline profit increase and refining margins. Subsequent reports provide specific figures for earnings per share and revenue, noting that while profits beat expectations, sales fell short of forecasts.
What to watch
- Q4 outlook provided by the company
A series is a short summary of connected news, for learning. Not verified and not advice. Check the full stories before you act.