Oil Giants Post Record Profits as Trump Brags ‘We’re Making a Freaking Fortune’—And Americans Suffer at Pump
Shell reported a record $10.8B profit for Q3 2026, up from $5.4B in 2025, and plans to return $5B to shareholders. Other oil majors like BP, ExxonMobil, Chevron, TotalEnergies, and Repsol also posted significant profit increases. President Trump's oil and gas stock holdings have risen to $22.5M-$81.6M, benefiting from high energy prices.
How this was made
The 30-second read
Why it matters
Earnings beats and large buyback announcements provide strong bullish catalysts for the listed companies, while political pressure to lower prices may temper gains.
Market read
Strong earnings across major oil producers reinforce bullish bias for the energy sector, though political pressure on pricing adds downside risk.
What to watch
Geopolitical risk from the Iran‑Hormuz conflict could disrupt supply and introduce volatility.
Background
The article highlights record quarterly profits for several integrated oil majors amid high fuel prices driven by geopolitical tensions.
Ticker impact
Shell reported Q3 profit of $10.8 bn, double prior quarter, and announced a $5 bn buyback tranche.
upward pressure as market prices in higher earnings and buyback support
Quarterly profit doubled and a $5 bn buyback signal financial strength, prompting buying interest.
BP is expected to release its Q3 results following Shell's profit announcement.
potential modest upside if results match or exceed expectations
Peer performance suggests sector strength, but no concrete numbers yet.
ExxonMobil is slated to post Q3 results after Shell's earnings release.
possible slight upward bias pending results
Industry peers showing record profits may set a positive tone for Exxon.
Chevron is also scheduled to release Q3 earnings following Shell's report.
likely modest upside if earnings align with peers
Comparable oil majors are reporting strong results, creating favorable backdrop.
Market effects
Oil and gas sector shows strong earnings momentum, supporting broader energy equities.
European oil majors (TotalEnergies, Repsol) see record profits, boosting European energy indices.
High, as major integrated oil producers report double‑digit profit growth amid elevated fuel prices.
Counterpoint
Elevated oil prices may trigger regulatory pressure and consumer backlash, potentially limiting upside.
Key entities
- CompanyShell
Integrated oil major reporting $10.8 bn Q3 profit and $5 bn buyback.
- CompanyTotalEnergies
French oil major reporting $8.3 bn Q3 profit.
- CompanyRepsol
Spanish oil company reporting $5.6 bn profit, quadruple YoY.
