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Shell and Total Post High Quarterly Profits

Shell and TotalEnergies reported sharply higher third-quarter profits driven by war-driven energy prices and soaring refining margins. Both energy majors also raised their share buyback programs, beating analyst expectations.

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FILE PHOTO: The logo of oil and gas company Shell at a gas station in Wijchen, Netherlands, April 13, 2026. REUTERS/Piroschka van de Wouw/File Photo

SHELL PLC and TOTALENERGIES SE posted third-quarter profits at their highest levels since 2022, fueled by surging refining margins and war-driven energy prices.