Energy · London, United Kingdom · October 29, 2026

Shell, TotalEnergies double profits; Sinopec up 64%

Reported by 3 outlets · first reported Oct 29, 12:30 PM ET

Refining margins lifted Shell and TotalEnergies to their best quarter since 2022. Sinopec profit rose 64%.

Why it matters

Consumers pay high fuel prices as oil firms gain.

Background

The Iran war pushed crude higher.

The story so far

1. Oct 29Shell, TotalEnergies double profits; Sinopec up 64%
2. Oct 30Oil majors post record profits as refining margins surge
3. Oct 31Oil majors report record profits as Brent holds above $113

Follow the whole story →

Sources

• MercoPress ↗Oct 29, 9:00 PM ET
• OilPrice ↗Oct 29, 12:30 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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