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Shell reported third-quarter profits of $6 billion, exceeding forecasts by 12%, driven by higher LNG sales that offset weaker oil refining and trading results. The company announced a $3.5 billion share buyback and maintained its dividend. Shell's adjusted earnings were $6.03 billion. In contrast, TotalEnergies' third-quarter income hit a three-year low due to plunging refining margins.
"Exxon is the best-performing oil major this year. "More oil and natural gas production growth — and at lower cost — than peers." https://t.co/J8lfqFFd99 #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/K8ZIgMSfhF
Enbridge $ENB has released its quarterly earnings. Revenue of $10.91B (+48.66% YoY) beats by $6.38B. EPS of $0.40 (-13.04% YoY) in line with estimates.
Exxon, Chevron top Q3 profit expectations as US oil output hits record high https://t.co/5WSHK7RCEX https://t.co/NCVyTUmATY