Shell expects solid results on higher refining margins

Shell expects to report solid results in its oil trading division for the third quarter, driven by a rebound in refining margins, Bloomberg Línea reported on October 7, 2026. A global shortage of fuel supplies boosted the profitability of processing plants, which ran at full capacity to respond to the market contraction.

Refining margins reached $42 a barrel, surpassing the previous quarterly record set in 2022. The situation reflects geopolitical tensions and international conflicts, which have caused significant disruptions in supply chains and a widespread rise in physical premiums for crude and derivatives.

The company's shares rose 0.5%, to 3,667.5 pence at the start of trading in London, according to information published by Bloomberg Línea. At the same time, oil flows from the Middle East have recovered 80% of their pre-conflict levels, according to data provided by the company itself.

The global energy context reflects a tight market in which major oil companies have avoided shutting down their facilities for maintenance, prioritizing continuous production. The company's full financial results are scheduled for publication on October 29.