Shell plc profit increased above expectations

15:22 - 7.05.2026


May 7, Fineko/abc.az. Shell's adjusted profit rose to $6.92 billion in the first quarter of 2026, exceeding analysts' consensus forecast of $6.36 billion and a year ago's figure of $5.58 billion.

ABC.AZ reports that growth is conditioned by higher trading and optimization results in the refining and renewable energy segments, increased realized prices, improved refining margins, and lower operating costs.

Adjusted indicator EBITDA grew up to $17.7 billion from $12.8 billion in the fourth quarter, while underlying operating expenses decreased to $8.6 billion from $9.4 billion in the quarter.

In addition, the company lowered its quarterly share buyback program to $3 billion from $3.5 billion in the previous quarter.