Shell PLC

SHEL: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Shell Earnings: Strong Trading Leads to Better-Than-Expected Results, but Repurchase Rate Trimmed

Allen Good

May 8, 2026

Shell's first-quarter adjusted earnings of $6.9 billion exceeded expectations, driven by strong trading performance across the marketing, refining, and chemicals segments. Share buybacks were reduced to $3.0 billion for the quarter, but the dividend increased by 5%.

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Shell PLC

Shell Earnings: Strong Trading Leads to Better-Than-Expected Results, but Repurchase Rate Trimmed

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