UK energy stocks are leading gains on the FTSE 100 today as crude oil and natural gas prices rebound, boosting sentiment across the sector. BP stock climbed to 534p, up 18.5% from its July low and 63% above its lowest level last year.
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SHEL's surging cash flow, lower debt and discounted valuation support the case, but commodity swings and acquisition risks favor patience.
SHEL tops Q2 earnings estimates as higher oil prices, stronger margins and broad operational gains lift profits across key segments.
Shell PLC (LSE:SHEL, NYSE:SHEL) has struck a deal to sell its European onshore renewables business to France's TotalEnergies. The FTSE 100 oil giant said it was continuing to reshape its power portfolio and recycle capital into businesses where it believes it has a competitive advantage.
Shell NYSE: SHEL reported second-quarter 2026 adjusted earnings of $9.8 billion and more than $21 billion in cash flow from operations, as strong operational execution and LNG trading helped offset lost volumes from Qatar amid Middle East disruptions.
Shell plc (SHEL) Q2 2026 Earnings Call Transcript
Shell PLC (LSE:SHEL, NYSE:SHEL) shares rose after stronger oil and gas prices and improved trading led to its highest profits since 2022, with $4.2 billion (£3.15bn) of share buybacks announced. The buybacks comprise a new $3 billion programme on top of $1.2 billion left unfinished after the previous programme was suspended during its agreement to acquire ARC Resources.
Shell stock rose Thursday after the energy major reported its strongest quarterly profit since 2022, as higher commodity prices, refining margins and trading gains outweighed disruption in Qatar. Adjusted earnings climbed to $9.84 billion from $6.92 billion in the first quarter, beating the $8.92 billion analyst consensus.
Shell's adjusted earnings, its definition of net profit, reached $9.84 billion in the second quarter, it said on Thursday, beating expectations and more than doubling its profit from the same time last year.
Strong trading performance and higher prices stemming from the conflict in the Middle East enabled the energy major to maintain its quarterly buyback.
The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.