Shell PLC

SHEL: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Shell Earnings: Strong Results Lead to Lower Leverage, Higher Repurchases

Allen Good

Oct 29, 2026

Shell's third-quarter adjusted earnings of $10.8 billion exceeded expectations. Stronger results than the second quarter came from higher LNG prices and stronger refining margins. Given strong cash flow and lower debt, it increased its repurchase rate.

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Shell PLC

Shell Earnings: Strong Results Lead to Lower Leverage, Higher Repurchases

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