FTSE 100 news / Companies and sectors / Oil and gas / 8 October 2026
Oil and gas: sector news on Thursday 8 October 2026
Average tone +7.0 (strongly positive) across 3 companies with relevant coverage, from 46 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Shell | +8.7 | 31 | Coverage was dominated by Shell's third-quarter update, which pointed to record refining margins, a higher gas production outlook and strong trading. |
| BP | +4.5 | 8 | Coverage was mostly positive, with analysts expecting a strong third quarter, favouring the shares and noting debt cuts, while the CFO bought shares. |
| Ithaca Energy | +7.8 | 7 | Coverage focused on Ithaca's Canadian acquisition, which expands its reserves beyond the North Sea, alongside its new FTSE 100 place and higher dividend guidance. |
Strongest stories in the sector
- +10.0 Shell sees record refining margins as war roils fuel markets
Shell expects record refining margins - +10.0 Shell Points to $42/Barrel Refining Margin, Hikes Gas Production Outlook as Oil Spikes
Strong refining margin and higher gas outlook - +10.0 Shell’s Refining Margin Jumps 75% as Fuel Supplies Dry Up
Refining margin jumps 75% - +10.0 Shell Q3FY26 Outlook: Refining margin jumps 75% to $42 per barrel
Refining margin jumps 75% to $42 - +10.0 Shell refining margins reach record highs as wars hit supply
Record refining margins - +10.0 Shell Signals Another Earnings Beat as Refining Profits Surge
Signals earnings beat on refining profits - +10.0 Analysts praise Shell's Q3 outlook for record refining margins, higher gas production (SHEL:NYSE)
Analysts praise record refining margins and higher gas output - +10.0 Shell upgrades gas production outlook and says refining profit margins to grow
Gas outlook upgraded, refining margins to grow - +10.0 New FTSE 100 entrant Ithaca Energy (LSE:ITH): does it have a stronger income case after lifting dividend guidance and updating Rosebank?
FTSE 100 entry, lifted dividend guidance and Rosebank update. - +10.0 Shell plc forecasts US$42/bbl indicative refining margin for Q3
Forecasts strong indicative refining margin - +10.0 Shell Expects Strong Trading Results for Q3
Strong trading results expected - +9.7 Shell sees strong oil and gas trading as war drives price swings
Strong oil and gas trading expected