Shell and TotalEnergies Post Highest Quarterly Profit Since 2022
Both companies reported sharply higher third-quarter profits and raised share buybacks. War-driven energy prices and record refining margins helped them beat expectations.
By Shadia Nasralla, Stephanie Kelly and Dimitri RhodesShell LSE:SHEL and TotalEnergies EURONEXT:TTE reported on Thursday sharply higher third-quarter profits and raised share buybacks, as war-driven energy prices and record refining margins helped both beat expectations.Shell raised its quarterly…