Shell stock reports USD 9.8 billion in adjusted Q2 earnings

Shell stock was trading at USD 96.00 on the NYSE on September 24, 2026, up 0.62 percent from the previous close. The company reported USD 9.8 billion in adjusted earnings for the second quarter, giving the stock a fresh earnings anchor.

Q2 earnings beat expectations

Shell said adjusted earnings reached USD 9.8 billion in Q2 2026, while cash flow from operations exceeded USD 21 billion. The figures came despite disruptions in the Middle East, according to Shell.

Revenue totaled USD 94.66 billion in Q2 2026, compared with a consensus estimate of USD 86.22 billion. That placed reported revenue 9.8 percent above expectations, while quarterly earnings per share came in at USD 3.52 against a USD 3.23 consensus, according to MarketBeat.

Portfolio actions support the story

Shell completed the sale of its 50 percent non-operated interest in the Na Kika platform and its full ownership of the Coulomb tieback on September 22, 2026. The transaction is part of the company's portfolio management program, as stated on its investor relations page.

Capital returns also remain visible in the operating picture. Shell repurchased 1.875 million shares for cancellation on September 21, 2026, under its existing buyback program, according to StockTitan.

Analysts see room above USD 100

The current quote sits 3.2 percent below Shell's 52-week high of USD 99.16 and above the 52-week low of USD 68.62. The range shows that the stock is trading near the upper end of its annual band, although it has not crossed the yearly peak.

The broader analyst consensus is Hold with an average 12-month price target of USD 107.46. That target stands 11.9 percent above the USD 96.00 quote, while the latest Q2 comparison gives investors a separate measure of operating performance, according to MarketBeat.

Shell stock stays below its high

Shell stock was trading at USD 96.00 on the NYSE on September 24, 2026, at 1:20 p.m. ET. Its market capitalization was USD 267.657 billion, while the 52-week range was USD 68.62 to USD 99.16.