Shell profits double as higher oil prices boost earnings
Shell PLC (LON: SHEL, NYSE: SHEL)shares rose on Thursday after stronger oil and gas prices, improved trading and higher refining margins helped the energy major deliver its strongest quarterly profit since. . .
Shell PLC (LON: SHEL, NYSE: SHEL)shares rose on Thursday after stronger oil and gas prices, improved trading and higher refining margins helped the energy major deliver its strongest quarterly profit since 2022. Income attributable to shareholders reachedUS$10. 8 billionin the second quarter, up fromUS$5. 7 billionin the previous three months andUS$3. 6 billiona year earlier. Adjusted earnings more than doubled year on year toUS$9. 8 billion, compared withUS$4. 3 billionin the second quarter of 2025. Shell attributed the improvement to higher realised energy prices, stronger liquefied natural gas trading and improved refining and chemicals margins. Cash flow from operations increased80%toUS$21. 4 billion, while free cash flow rose toUS$17. 5 billion. The stronger cash generation allowed Shell to reduce net debt toUS$41. 8 billion, down fromUS$52. 6 billionat the end of March. The company announcedUS$4. 2 billionof share buybacks, comprising a newUS$3 billionprogramme andUS$1. 2 billionremaining from the previous programme, which had been suspended during its agreement to acquire ARC Resources. Shell maintained its quarterly dividend atUS$0. 3906 per share, representing a9% increasefrom a year earlier. First-half adjusted earnings rose70%toUS$16. 8 billion, as stronger trading, energy prices and refining margins offset higher operating and depreciation costs. Production declined8%to2. 5 million barrels of oil equivalent per day, partly due to lower volumes from Qatar following disruption linked to the conflict in the Middle East. Shell shares gained1. 5%to3,374. 5pin early London trading, also supported by a renewed rise in oil prices as escalating US-Iran tensions increased concerns over global energy supplies. If anyone reads this article found it useful, helpful? Then please subscribewww. share-talk. comor followSHARE TALKon our Twitter page for future updates. Terms of Website UseAll information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned