{"id":73798,"date":"2026-10-29T03:38:21","date_gmt":"2026-10-29T07:38:21","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-giants-shell-and-totalenergies-post-strong-q3-results-amid-geopolitical-volatility\/73798\/"},"modified":"2026-10-29T03:38:21","modified_gmt":"2026-10-29T07:38:21","slug":"energy-giants-shell-and-totalenergies-post-strong-q3-results-amid-geopolitical-volatility","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/energy-giants-shell-and-totalenergies-post-strong-q3-results-amid-geopolitical-volatility\/73798\/","title":{"rendered":"Energy Giants Shell and TotalEnergies Post Strong Q3 Results Amid Geopolitical Volatility"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Shell (<a href=\"\/stock\/SHEL\">SHEL<\/a>)<\/strong> and <strong>TotalEnergies (<a href=\"\/stock\/TTE\">TTE<\/a>)<\/strong> reported robust Q3 earnings, with Shell launching a <strong>$5 billion share buyback<\/strong> and TotalEnergies seeing a <strong>127% surge in profit<\/strong> driven by high refining margins and elevated <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a>.<\/li>\n<li><strong>Lloyds Banking Group (<a href=\"\/stock\/LLOY\">LLOY<\/a>)<\/strong> saw statutory pre-tax profit rise to <strong>\u00a32.33 billion<\/strong>, beating estimates despite a new UK budget introducing higher taxes on the banking sector.<\/li>\n<li><strong>Adidas (<a href=\"\/stock\/ADS\">ADS<\/a>)<\/strong> raised its full-year profit guidance to <strong>\u20ac2.5 billion<\/strong> following a record Q3 where operating profit jumped <strong>37%<\/strong> to <strong>\u20ac1.01 billion<\/strong>.<\/li>\n<li><strong>Carlsberg (<a href=\"\/stock\/CARLb\">CARLb<\/a>)<\/strong> maintained its full-year outlook despite a <strong>6.7% drop in Asian organic volumes<\/strong>, as strong European performance offset a significant slowdown in <strong>China<\/strong>.<\/li>\n<li><strong>Sweden\u2019s economy<\/strong> showed mixed signals with <strong>Q3 GDP growing 0.4% QoQ<\/strong>, while consumer confidence fell sharply to <strong>94.3<\/strong> in October from <strong>102.2<\/strong> the previous month.<\/li>\n<\/ul>\n<h2>Energy Sector: Windfall Profits and Shareholder Returns<\/h2>\n<p><strong>Shell (<a href=\"\/stock\/SHEL\">SHEL<\/a>)<\/strong> delivered a strong third-quarter performance, posting adjusted earnings of <strong>$10.8 billion<\/strong>, significantly ahead of analyst expectations. The company attributed the results to &quot;relentless focus on operational performance&quot; and high refining margins. Consequently, Shell announced a <strong>$5 billion share buyback<\/strong> program for the next three months, an increase from the <strong>$3.5 billion<\/strong> completed in the previous quarter. The company also declared an interim dividend of <strong>$0.3906 per share<\/strong>.<\/p>\n<p><strong>TotalEnergies (<a href=\"\/stock\/TTE\">TTE<\/a>)<\/strong> mirrored this success, reporting a <strong>127% year-on-year increase<\/strong> in adjusted net income to <strong>$9.1 billion<\/strong>. The French major benefited from the surge in oil prices and historically high refining margins exacerbated by ongoing geopolitical tensions in the Middle East. The company maintained its annual investment guidance and expects production growth to continue into the fourth quarter.<\/p>\n<h2>Banking and Retail: Resilience Amid Policy Shifts<\/h2>\n<p><strong>Lloyds Banking Group (<a href=\"\/stock\/LLOY\">LLOY<\/a>)<\/strong> reported a statutory pre-tax profit of <strong>\u00a32.33 billion<\/strong> for the third quarter, surpassing the <strong>\u00a32.29 billion<\/strong> estimated by analysts. While net interest income of <strong>\u00a33.81 billion<\/strong> slightly missed expectations, the bank&#39;s credit performance remained stable. CEO Charlie Nunn emphasized the group&#39;s &quot;sustained strength&quot; even as the UK government announced a doubling of the bank tax surcharge for the next 15 months.<\/p>\n<p><strong>Adidas (<a href=\"\/stock\/ADS\">ADS<\/a>)<\/strong> confirmed a record-breaking quarter with revenues up <strong>9% to \u20ac7.3 billion<\/strong>. The sportswear giant&#39;s operating profit of <strong>\u20ac1.01 billion<\/strong> was bolstered by a <strong>\u20ac200 million U.S. tariff refund<\/strong> and strong full-price sales. Management now expects currency-neutral revenue growth of <strong>9% to 10%<\/strong> for the full year 2026, reflecting double-digit growth in almost all markets except for a more moderate recovery in North America.<\/p>\n<h2>Commodities and Macro: China Weakness and Regional Tensions<\/h2>\n<p><strong>Glencore (<a href=\"\/stock\/GLEN\">GLEN<\/a>)<\/strong> reported that its own-source copper production for the first nine months of 2026 reached <strong>598,600 tons<\/strong>, a <strong>3% increase<\/strong> driven by higher grades. However, the miner noted that overall 2026 production is expected to trend toward the <strong>lower end of its guidance range<\/strong>. Zinc production fell <strong>23%<\/strong> year-on-year to <strong>547,200 tons<\/strong>, primarily due to the end of mine life at the Lady Loretta site.<\/p>\n<p>In the consumer space, <strong>Carlsberg (<a href=\"\/stock\/CARLb\">CARLb<\/a>)<\/strong> reported Q3 revenue of <strong>DKK 25.28 billion<\/strong>, matching estimates. While Western Europe remained resilient with revenue of <strong>DKK 14.56 billion<\/strong>, the company struggled in <strong>Asia<\/strong>, where organic volumes fell <strong>6.7%<\/strong>. The decline was largely blamed on weak consumer sentiment in <strong>China<\/strong> and adverse weather conditions during the peak summer season.<\/p>\n<p>On the geopolitical front, <strong>China&#39;s Defence Ministry<\/strong> criticized the <strong>Philippines<\/strong> during the ASEAN Defence Ministers&#39; Summit in Cebu, claiming Manila&#39;s actions in the <strong>South China Sea<\/strong> have &quot;seriously undermined the spirit of ASEAN.&quot; Beijing notably downgraded its representation at the summit to a defence attach\u00e9, reflecting deteriorating bilateral ties. Meanwhile, in <strong>Israel<\/strong>, officials have ordered a probe into suspected <strong>vote tampering<\/strong> following allegations from the Likud party regarding the recent general election.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Shell (SHEL) and TotalEnergies (TTE) reported robust Q3 earnings, with Shell launching a $5 billion share buyback and 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