Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction
Published . Updated .
Shell’s profit jumped to $10.8 billion, but record refining margins did all the work while every other segment combined stayed about flat.
Directly affected
- SHEL Shell+0.1% 13d
Named in this report.
Indirectly affected
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.
- XLE Energy Select Sector SPDR+6.2% 30d
Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story.
- VLO Valero Energy+1.5% 30d
Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
- MPC Marathon Petroleum+10.2% 7d
Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
- PSX Phillips 66+8.5% 30d
Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
- XOM ExxonMobil Holdings+10.3% 14d
ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SHEL | +0.66% | +1.71% | base | +2.36% | after close | after close | after close |
| CRAK | +3.93% | +4.31% | base | -1.57% | after close | after close | after close |
| XLE | -1.29% | +1.72% | base | -0.04% | after close | after close | after close |
| VLO | +9.72% | +9.74% | base | -1.96% | after close | after close | after close |
| MPC | +4.26% | +6.82% | base | -3.66% | after close | after close | after close |
| PSX | +3.99% | +5.51% | base | -1.16% | after close | after close | after close |
| XOM | -2.14% | +1.35% | base | +0.22% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction Yahoo Finance
Source: Yahoo Finance
Price since this story was published: Vaneck Etf Trust (CRAK)
| Company | When | Move | Status |
|---|---|---|---|
| Vaneck Etf Trust (CRAK) | that day | -1.57% | still updating |
| Vaneck Etf Trust (CRAK) | three days earlier | +4.31% | final price |
| Vaneck Etf Trust (CRAK) | five days earlier | +3.93% | final price |
| Marathon Petroleum (MPC) | that day | -3.66% | still updating |
| Marathon Petroleum (MPC) | three days earlier | +6.82% | final price |
| Marathon Petroleum (MPC) | five days earlier | +4.26% | final price |
| Phillips 66 (PSX) | that day | -1.16% | still updating |
| Phillips 66 (PSX) | three days earlier | +5.51% | final price |
| Phillips 66 (PSX) | five days earlier | +3.99% | final price |
| SHEL | that day | +2.36% | still updating |
| SHEL | three days earlier | +1.71% | final price |
| SHEL | five days earlier | +0.66% | final price |
| Valero Energy (VLO) | that day | -1.96% | still updating |
| Valero Energy (VLO) | three days earlier | +9.74% | final price |
| Valero Energy (VLO) | five days earlier | +9.72% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.04% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +1.72% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -1.29% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.22% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +1.35% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.14% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 37 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 59 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Vaneck Etf Trust (CRAK)
Companies tied to this story
- CRAK Vaneck Etf Trust
For “Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story
- XLE Select Sector Spdr Tr
For “Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story
- VLO Valero Energy
Valero Energy (VLO) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction.” Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story
- MPC Marathon Petroleum
Marathon Petroleum (MPC) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction.” Reason on file: Marathon Petroleum (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story
- PSX Phillips 66
For “Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction,” Phillips 66 (PSX) is linked, with no stored direction, medium confidence. Reason on file: Phillips 66 (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction.” Reason on file: ExxonMobil Holdings (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refining” (refining) in this story
Vaneck Etf Trust (CRAK)
On 29 Oct 2026, “Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction” is the story that connects Vaneck Etf Trust (CRAK) to this story.
The link for Vaneck Etf Trust (CRAK) is this: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: it holds refiners, whose margins move with fuel prices. Linked by “refining” (refining) in this story
The price range for Vaneck Etf Trust (CRAK), and the dates in the story
VLO traded between 380.74 and 461.55 across 20 sessions. The latest close on file is 388.44. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.46.
A simple score for Vaneck Etf Trust (CRAK)
46 out of 100Price not final
“Shell Profit Leans on Record Refining Margins: Rapid Earnings Reaction” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.