# Higher Commodity Prices Support Expectations for Shell's Q3 Results By John Kim Canonical URL: https://www.tokenpost.com/news/business/43099 Published: 2026-10-29T00:31:46.000Z Updated: 2026-10-29T00:31:46.000Z Section: Business > Analyst consensus calls for $3.67 per share in earnings and $100.86 billion in revenue; both figures are forecasts. Shell is expected to post a stronger third quarter as higher commodity prices support analyst expectations, with consensus estimates calling for earnings of $3.67 per share and revenue of $100.86 billion. The earnings estimate is 97.3% above the year-earlier level, while revenue is projected to rise 48%. Both figures are forecasts, not reported results. Shell's third-quarter operating outlook includes an indicative refining margin of $42 per barrel, up from $24 in the second quarter. The company projected refinery utilization of 93% to 97%, compared with 102%, and a chemicals margin of $208 per tonne, down from $270. The indicative refining margin excludes trading margin and is not a finalized earnings figure; [Shell's refining margin outlook]() has additional operating details. Shell is scheduled to release its results before the U.S. market opens Thursday, Oct. 29. ## Links in this article - [Shell's refining margin outlook](https://www.tokenpost.com/news/business/27390)