Sinopec's Q3 profit jumped 63.6% to $2 billion as higher oil prices lifted results. But China's top refiner missed the full upside of record refining margins, with domestic fuel demand down 8.6% this year. #Sinopec#China#Oil#Refining
Dangote's IPO drew demand of roughly 3x the offer, per reports. The 700,000 bpd refinery posted $4.73B net profit in 9M 2026, but unusually strong refining margins flatter the numbers and $11.8B capex looms. #Dangote#Nigeria#IPO#Refining
Shell's Q3 adjusted earnings hit $10.8 billion, the highest since 2022 and nearly double a year ago, on record refining margins and higher LNG and gas prices. Shell also raised its buyback to $5 billion. #Shell#OilAndGas#Refining#Earnings
Refineries have become prime targets in the Gulf and Russia, deepening the global fuel shortage. Ukraine has targeted some 30 Russian refineries, about 80% of capacity, and the Houthis claim a hit on Saudi Arabia's Ras Tanura. #Oil#Diesel#Refining
Eni's Q3 adjusted net profit jumped 125% to $3.14 billion, beating estimates, as refining margins more than tripled. The Italian major will pay a $1.46 billion extraordinary dividend and lift buybacks 12% to $4.26 billion. #Eni#Oil#Refining
