Shell expects a cash outflow of approximately $2.5 billion. This covers German emissions certificate payments. The company historically recognized these payments in the fourth quarter. Shell now accounts for them earlier. The company will release its full Q3 results on October 29, 2026.
The energy major provided an operational outlook. It raised its indicative refining margin to a record $42 per barrel. This marks a significant increase from $24 in the second quarter. The indicative margin for its chemicals division is expected to decrease. Adjusted earnings from its Marketing division are also anticipated to be lower than the prior quarter.