Shell Q2 Profit Tops $9.84 Billion on Refining and Trading Strength, Backs $3 Billion Buyback
Shell reported $9.84 billion in adjusted second-quarter profit, comfortably beating the $8.79 billion LSEG consensus, driven by higher oil and gas prices and strong refining margins. The London-based energy major announced a new $3 billion share repurchase program and noted net debt fell from $52.6 billion to $41.8 billion in the quarter.
Despite the profit beat, total oil and gas production fell 31% quarter-on-quarter due to disruptions linked to the ongoing Middle East conflict. Chief executive and financial executive statements highlighted expected tightness in the liquefied natural gas spot market for the coming quarter, with additional volumes redirected from Asia to Europe.
From the sources (16 posts)
@jackprandelli🛢️📈 Shell delivered an exceptional quarter. One of its strongest performances in years. $9.8B in adjusted earnings. $17.5B in free cash flow. Almost $11B of net debt erased in 3 months. 🟢 Q2 2025 earnings: $4.3B 🟢 Q1 2026 earnings: $6.9B
@javierblasBIG OIL 2Q EARNINGS: Shell comfortably beats expectations, with highest quarterly earnings since 2022 (adj net income of $9.8 bn) thanks to trading and downstream. Highlight the impressive operational performance, running on an all cylind
@cnbcBritish energy major Shell on Thursday reported stronger-than-expected second-quarter profit, benefitting from the jump in oil and gas prices amid the sprawling Middle East conflict. The oil giant posted adjusted earnings of $9.84 billion
@cnbcShell posts best quarterly profit in four years as Iran war boosts oil and gas prices
@staunovoShell reports highest profits since 2022 UK oil major said Iran war had caused a 31 per cent drop in total oil and gas production quarter-on-quarter #oott
@zerohedge*SHELL PLANS NEW SHARE BUYBACK OF $3B TO COMPLETE BY 3Q RESULTS
@shellShell's operational performance enabled very strong results during another quarter of severe disruption in global energy markets. More:
@staunovoShell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices #oott
@wallstengine$SHEL’S Q2 EARNINGS MORE THAN DOUBLE Iran’s closure of the Strait of Hormuz boosted energy prices, trading gains and refining margins, helping adjusted earnings reach a consensus-beating $9.84B. Shell’s refineries operated at record level
@clashreportShell’s half-year profits jumped 70% to $16.75bn, boosted by higher oil and gas prices linked to the US-Iran war. The surge has sparked strong criticism from climate activists, who accuse oil companies of profiting from the conflict and cl
@megatron_ron🇺🇸🇮🇷 High oil prices are caused mainly by oil companies amassing massive profits, not so much by the conflict with Iran. The Shell reported a 70% increase in first-half profit to $16.75 billion, saying higher oil and gas prices during the
@thetranscript_Shell CEO: "Shell's operational performance enabled very strong results during another quarter of severe disruption in global energy markets...Today, we commence another $3B of share buybacks , in line with our 40-50% of CFFO through the cy
@financialjuiceShell CFO: Shell sees tight LNG market in 3Q.
@financialjuiceShell CFO: More LNG volumes redirected from Asia to Europe
@financialjuiceShell CEO: The main impact on the LNG market from the Middle East war is in the spot market. Expects tightness in the LNG market in the coming quarter.
@oilheadlinenewsShell CEO: The main impact on the LNG market from the Middle East war is in the spot market. Expect tightness in the LNG market in the coming quarter.