Oil giant Shell beats profit expectations despite weaker crude prices

Core Viewpoint - Shell reported a significant drop in third-quarter profit due to weaker crude prices, with adjusted earnings of $5.4 billion, surpassing analyst expectations of $5.05 billion [1][2] Group 1: Financial Performance - Shell's adjusted earnings for the third quarter were $5.4 billion, compared to $6 billion in the same period last year and $4.26 billion in the previous quarter [1][2] - The company's share price has increased by over 16% year-to-date, outperforming industry peers [2] Group 2: Industry Context - Norway's Equinor reported a steeper-than-expected drop in third-quarter profit, with adjusted operating income of $6.21 billion for the July-September period [2] - U.S. oil giants Exxon Mobil and Chevron are scheduled to report their third-quarter results soon, with BP following on Tuesday [3]