Friday, 30 October 2026

Shell plc reported third-quarter 2026 adjusted earnings of USD 10.81 billion, up from USD 9.84 billion in the second quarter and USD 5.43 billion a year earlier, according to Oil & Gas Journal.

The increase came as record refining margins and stronger Integrated Gas results offset lower upstream earnings, the publication reported.

Chemicals & Products adjusted earnings rose to USD 3.86 billion from USD 2.88 billion in the second quarter, driven by the record refining margins, according to Oil & Gas Journal.

Integrated Gas adjusted earnings increased to USD 3.04 billion from USD 2.69 billion, supported by higher realized prices and increased production.

TPG rolled out a USD 10 billion climate fund, according to Semafor Net Zero. The fund, Rise Climate II, invests in companies in clean power, energy services and technology, low-carbon transportation, and industrial decarbonization across the US and Europe, as well as emerging markets in South Asia and elsewhere.

A subset of the new fund focused on the developing world included USD 1.5 billion from the UAE's ALTÉRRA, Semafor Net Zero reported.

In some cases, investments from that developing-world-focused portion drew in 50 times more capital from other sources, according to Jim Coulter.