Morningstar

Shell to Launch $5 Billion Share Buyback as Earnings Soar

Provided by Dow Jones Oct 29, 2026, 7:36:00 AM

By Adam Whittaker

Shell hiked its quarterly share buyback to $5 billion after earnings doubled and cash flow soared.

The British energy major's adjusted earnings--a closely watched metric that strips out certain commodity price adjustments and one-time charges--doubled to $10.81 billion from the $5.43 billion it reported in the same period last year. Analysts had expected $10.33 billion, according to estimates compiled by Vara Research.

In July, Shell announced a $3 billion buyback after scaling back repurchases from $3.5 billion earlier in the year.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

October 29, 2026 03:36 ET (07:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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