Shell Cuts Buyback Even as $6.9 Billion Profit Beats Estimates

businesscompany-earnings 15 posts · 10 accounts

Shell cut its share buyback to $3 billion from $3.5 billion in the previous three months, even as first-quarter profit beat estimates and reached $6.9 billion, its highest in two years, as higher oil and gas prices linked to the Middle East war lifted results.

Profit rose from $5.58 billion a year earlier. Shell's CFO said surplus cash is intended for future share buybacks.

From the sources (15 posts)

@firstsquawk

SHELL Q1 CASH FLOW FROM OPERATING ACTIVITIES USD 6,062 MILLION || Q1 ADJUSTED EPS USD 1.22 VS. IBES ESTIMATE USD 0.97 || Q1 ADJUSTED EBITDA USD 17,741 MILLION VS. IBES ESTIMATE USD 16,884 MILLION

@firstsquawk

SHELL Q1 ADJUSTED EARNINGS USD 6,915 MILLION VS. IBES ESTIMATE USD 6,070 MILLION || Q1 DIVIDEND USD 0.3906 || Q1 NET DEBT USD 52,606 MILLION

@firstsquawk

SHELL: ANNOUNCES A SHARE BUYBACK PROGRAMME OF $3.0 BLN

@business

Shell says its profits surged in the first quarter as the Iran war drove oil and gas prices higher

@firstsquawk

SHELL CEO: ABOUT OF OIL AND GAS OUTPUT OFFLINE ON IRAN WAR

@javierblas

BIG OIL 1Q EARNINGS: As everyone else among the majors, Shell also reports quarterly earnings above expectations on the back of high oil/gas prices. But the big news is that Shell has cut is buyback from $3.5 billion in the previous three

@staunovo

Shell profits up $1.3 billion due to "unprecedented disruption" caused by the war

@ajenews

UPDATE: Shell quarterly net profit jumps 19% as war fuels oil prices 🔴 LIVE updates:

@ajenglish

British energy giant Shell announced a 19% increase in net profits for the first quarter as the war on Iran sent oil and gas prices soaring in volatile trading. 🔴 LIVE updates:

@jackprandelli

Oil majors just reported Q1 2026 earnings. 🔵 Shell: $6.9bn highest in 5 quarters, up 23% YoY 🔵 BP: $3.2bn more than doubled vs Q1 2025 🔵 TotalEnergies: $5.4bn up ~29% YoY 🔴 Exxon: ~$4.9bn down 37% YoY, lowest in 5 quarters 🔴 Chevron: ~

@reutersbiz

WATCH: Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 ‌billion, the company said, boosted by gains linked to the Middle East war and up from $5.58 billion a year earlier https://

@reuters

Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 ‌billion, the company said, boosted by gains linked to the Middle East war and up from $5.58 billion a year earlier

@ft

Shell’s profits jump as Iran war delivers windfall

@firstsquawk

SHELL CEO SAYS THAT THE PRICE LAG EFFECT IS EXPECTED TO AFFECT Q2 RESULTS FOR INTEGRATED GAS.

@firstsquawk

SHELL CFO STATES THAT SURPLUS CASH IS INTENDED FOR FUTURE SHARE BUYBACKS.

Market impact

30 small

SHEL XLE BP TTE

Why it matters: Shell's Q1 profit and EPS beat estimates on war-driven high oil/gas prices, but the buyback cut to $3.0B from $3.5B tempers the capital-return read for Shell specifically, while confirming a broadly strong European-major earnings backdrop that is already largely priced by the known oil-price move.

At publish time: Headline pairs a $6.9B profit beat (highest in two years) with a buyback CUT to $3B from $3.5B — the buyback reduction despite the beat is the tradable single-name signal at publish time.

model confidence: medium

What happened next

1–2 weeks later

no follow-up

No corpus follow-up tracks Shell, XLE, BP, or TTE; later stories are unrelated earnings (Vodafone, Cisco, Klarna). Tagged impact untestable here.

based on follow-up coverage

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