Shell beats estimates with Q3 earnings of $4.29B, revenue hits $72.46B

Shell (NYSE:SHEL) exceeded analyst expectations with its third-quarter earnings, reporting a net income of $4.29 billion, or $1.36 per share.

Adjusted earnings, which exclude non-recurring costs, were $1.92 per share, surpassing the consensus analyst estimate of $1.72 per share, according to a Zacks Investment Research survey of four analysts.

The London-based energy giant reported revenue of $72.46 billion for the quarter, supported by robust performance in its oil and gas operations despite ongoing market volatility.

The strong financial showing reflects Shell’s strategic focus on operational efficiencies and cash flow generation amid fluctuating energy prices.

As energy demand remains resilient, Shell's results signal a positive trajectory for the oil and gas sector, which continues to adapt to economic and geopolitical pressures.

Following the earnings release on Thursday, Shell's share price held steady at $65.58.