SHEL

SHEL exits North West Shelf with a $1.45 billion base deal, sharpening its portfolio focus without abandoning Australian LNG.

SHEL's five-year LNG deal with METLEN secures six annual cargoes from 2027, strengthening its European market presence and U.S.-sourced gas sales visibility.

Shell agrees to sell North West Shelf interest to ADNOC's XRG for $1.45 billion

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.

Shell's Q3 2026 earnings beat expectations, backed by strong cash flow, a $5 billion buyback and LNG expansion, even as Middle East disruptions pose challenges.

Shell's Q3 earnings more than doubled and beat estimates as record refining margins and higher gas and LNG prices lifted profits, with a new $5B buyback.

Shell plc ( SHEL ) Q3 2026 Earnings Call October 29, 2026 10:30 AM EDT Company Participants Sinead Gorman - CFO & Director Wael Sawan - CEO & Director Conference Call Participants Lydia Rainforth - Barclays Bank PLC, Research Division Lucas Herrmann - BNP Paribas, Research Division Michele Della Vigna - Goldman Sachs Group, Inc., Research Division Biraj Borkhataria - RBC Capital Markets, Research Division Joshua Eliot Stone - UBS Investment Bank, Research Division Matthew Lofting - JPMorgan Chase & Co, Research Division Fergus Neve - Rothschild & Co Redburn, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Martijn Rats - Morgan Stanley, Research Division Christopher Kuplent - BofA Securities, Research Division James West - Melius Research LLC Kim Fustier - HSBC Global Investment Research Presentation Sinead Gorman CFO & Director Welcome to Shell's Third Quarter 2026 Financial Results Announcement. Shell's CFO, Sinead Gorman, will present the results, then host a Q&A session alongside Shell's CEO, Wael Sawan.

Shell just launched a fresh $5 billion buyback, but for income investors, buybacks are beside the point.

Shell's producers realized lower oil and liquids prices than in Q2, so this was a story about the spread between crude and fuel, not about oil getting more expensive. The company's leadership announced a $5 billion buyback while refining margins are at a record high, which is also when they tend to fade.

US government debt-to-GDP exceeds 120%, while annual interest payments now surpass the budget for national defense. Our three best-performing stocks this quarter were Meta, IQVIA and Shell. Our three largest detractors this quarter were Danone, Heidelberg and Samsung Electronics.