SHEL tops Q1 EPS estimates on trading and optimization strength, but revenues miss as working-capital swings hit cash flow.
Shell PLC (LSE:SHEL, NYSE:SHEL) announced a new $3 billion share buyback programme as it reported higher first quarter profits and maintained a steady outlook. The oil major's adjusted earnings more than doubled to $6.9 billion in the first three months of 2026, up from $3.3 billion in the previous quarter and $5.6 billion a year earlier.
Shell dividend climbs 5% following strong Q1 financial performance Shell reported a strong first quarter, with adjusted earnings the company's definition of net profit, rising to $6.92 billion. The figure, announced Thursday, significantly surpassed both the $5.58 billion reported a year ago and the analyst consensus of $6.36 billion.
Earnings more than doubled—helped by oil trading and higher prices—but the energy major warned of lower production, and lowered its buyback from the previous quarter.
Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
Shell plc (SHEL), along with other large integrated oil companies, have benefited from higher oil prices and should warrant investor attention.
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) shares fell as oil prices dropped sharply on hopes of easing tensions in the Middle East.
Shell's Q1 outlook leans on stronger trading and a lift in Renewables and Energy Solutions earnings, with results due May 7 against a $1.78 EPS consensus.
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Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) shares rose 0.9% and 0.5% after crude oil prices surged to their highest levels since the US and Israel opened war on Iran.
Shell is entering an 'inflection point' according to CEO Wael Sawan as it faces rising pressure on supply from the conflict in the Middle East and growing demand for energy. Sawan discusses the company's latest M&A and the global energy crunch with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
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