Business & MarketsBreakingUpdated 4 hr ago

Shell reports profit doubling to $10.8bn and raises buyback to $5bn

Coverage spectrum

Covered by 3 outlets, mostly left-leaning (67%).

3 articles in total. The spectrum counts each outlet once and leaves opinion out. How we measure bias

Image via CNBCHow images are chosen Report this image

Shell reported adjusted profit of $10.8bn for July to September, up from $5.4bn a year earlier, and said it will return $5bn to shareholders through buybacks over the next three months, up from $3bn. CNBC reports that refining margins reached a record $42 per barrel. The outlets link higher oil and fuel prices to the Middle East conflict and the Russia-Ukraine war. The result was above analyst forecasts, though the outlets cite different consensus figures of $9.92bn and $10.33bn. Climate campaigners criticised the jump in profits.

Headline and summary written by Mantle’s AI from the coverage below, under published rules. How this works

New to Mantle? It shows who is covering each story across the political spectrum, and highlights loaded words. How to read a storyHide the guide

The coverage spectrum counts the outlets covering a story at each of five points. A short or missing segment means that part of the spectrum is mostly quiet.

Governor Loaded verb“slams”It adds drama to what was said. The governor criticized the lawmakers; “slams” makes it sound like a fight.More neutral: criticizes lawmakers over budget delay

Highlights mark words that carry a judgement. Tap one to see why, and what a neutral writer would say. Here it is “criticizes”.

The 5-point spectrum

Far Left
Voices that strongly advocate for progressive policies and systemic change.
Left
Mainstream liberal perspectives focusing on social equality and regulation.
Center
Sources that prioritize neutral reporting and balanced viewpoints.
Right
Mainstream conservative perspectives focusing on market freedom and tradition.
Far Right
Voices that strongly advocate for conservative values and limited government.

How we measure bias

What happened

Key points

Each point shows who reports it, from Far Left to Far Right.

Shell’s adjusted quarterly profit was $10.8bn, roughly double the $5.4bn of a year earlier.
Reported byLeft1Center1See the outletsHide the outlets
Left
The Guardian
Center
CNBC
Shell plans a $5bn share buyback for the next three months, up from $3bn in the previous quarter.
Reported byLeft2Center1See the outletsHide the outlets
Left
Bloomberg, The Guardian
Center
CNBC
Shell reported record refining margins.
Reported byLeft1Center1See the outletsHide the outlets
Left
Bloomberg
Center
CNBC
Reports link the higher prices to the Middle East conflict and the Russia-Ukraine war.
Reported byLeft2Center1See the outletsHide the outlets
Left
Bloomberg, The Guardian
Center
CNBC
Shell’s profit beat analyst forecasts, which the outlets put at different levels.
Reported byLeft1Center1See the outletsHide the outlets
Left
The Guardian
Center
CNBC
Climate campaigners criticised the jump in profits.
One outletThe Guardian· Left

What is contested

Where accounts differ

Points the coverage does not agree on, and who says what.

Shell’s profit beat analyst expectations.
CNBC cites an LSEG-compiled consensus of $9.92bn; the Guardian cites an expectation of $10.33bn. The outlets give different analyst figures.

How each side tells it

Compare views

All three outlets report Shell’s adjusted profit roughly doubled to $10.8bn and a $5bn buyback. Left outlets tie the surge to the Iran war and add climate criticism; the center outlet leads with record refining margins.

the left
2 outlets
Both left-side headlines tie the profit doubling to the Iran war or Middle East conflict, and the Guardian’s description adds climate campaigners’ criticism.
Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
The GuardianLeftAll left-leaning headlines
the center
1 outlet
The center headline leads with the near-doubling of quarterly profit and record refining margins, without naming the war in the headline.
Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
CNBCCenterAll center headlines
the right
No coverage yet
No right-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.

The words they chose

Language to notice

Words that carry a judgement beyond the facts. Tap a highlighted word anywhere on the page to see why.

Mantle found no loaded language in this coverage. Every headline and opening was checked against Mantle’s published word list, and Mantle’s AI read all 3 articles in context. Straight reporting often has none.

See for yourself

Side by side

What each side leads with and what it leaves out. Open a side to read its headlines.

From the left

2 outlets

Leads with

war-driven oil and gas prices
shortages in global markets
climate campaigners’ criticism
$5bn shareholder payouts

See the 2 headlines from the leftHide the headlines

The GuardianLeft
Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
Energy firm to return $5bn to shareholders as climate campaigners criticise high profits Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market. …
4 hr agoRead at The Guardian (opens in a new tab)
BloombergLeft
Shell Boosts Share Buyback to $5 Billion as Refining Soars
Shell Plc announced a big increase in its share buyback as Iran war and the Russia-Ukraine conflict led to record margins for its oil-refining business and surging profit.
5 hr agoRead at Bloomberg (opens in a new tab)

From the center

1 outlet

Leads with

near-doubling of quarterly profit
record refining margins
beat of analyst expectations

Leaves out

criticism from climate campaigners

Reported by other sides, not found in this side’s coverage.

See the headline from the centerHide the headlines

CNBCCenter
Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Diesel fuel stations at a Shell gas station in Los Angeles, California, on Sept. 28, 2026. Shell nearly doubled its quarterly year-on-year adjusted earnings to $10.8 billion and reported record refining margins, the oil major said Thursday. …
4 hr agoRead at CNBC (opens in a new tab)

From the right

0 outlets

No right-leaning outlet that Mantle follows has covered this story yet. That absence is part of the picture.

The stories you read build My Mix, a private picture of which sides cover the stories you choose, kept on this device. What is My Mix?

The left is Far Left and Left together. The right is Right and Far Right together. Every outlet keeps its own five-point rating.

Who reported it when

How the coverage built up

Left
First to report
Bloomberg, Oct 29, 3:06 AM EDT
Center
20 min later
Its first report, Oct 29, 3:26 AM EDT
Right
No report yet
From the outlets Mantle follows

See the order the outlets reported inHide the order

BloombergLeftOct 29, 3:06 AM EDT
CNBCCenterOct 29, 3:26 AM EDT
The GuardianLeftOct 29, 4:00 AM EDT

Times are the ones the outlets published in their own feeds, in Eastern time. Opinion is left out.

Shell reports profit doubling to $10.8bn and raises buyback to $5bn

Coverage spectrum

Key points

Where accounts differ

Compare views

the left

the center

the right

Language to notice

Side by side

From the left

Shell profits double to $10.8bn as Iran war pushes up profit margin on oil

Shell Boosts Share Buyback to $5 Billion as Refining Soars

From the center

Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high

From the right

How the coverage built up

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