Shell PLC

SHEL: XLON (GBR)

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Shell Earnings: Weaker-Than-Expected Quarter Doesn't Change Outlook as Repurchases Held Steady

Allen Good

Feb 6, 2026

Shell's fourth-quarter earnings fell short of market expectations due to the integrated gas and marketing segments. Shell returned 52% of its operating cash flow to shareholders in 2025. It maintained its $3.5 billion share repurchase program for the first quarter and increased the dividend 4%.

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Shell PLC

Shell Earnings: Weaker-Than-Expected Quarter Doesn't Change Outlook as Repurchases Held Steady

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