Shell (NYSE:SHEL) Issues Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Posted by Brian Himes on Oct 30th, 2026

Shell (NYSE:SHEL – Get Free Report) released its earnings results on Friday. The energy company reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.54 by $0.32, Zacks reports. Shell had a return on equity of 14.34% and a net margin of 8.55%. The firm had revenue of $92.85 billion during the quarter, compared to the consensus estimate of $93.25 billion.

Shell Trading Up 1.0%

NYSE SHEL traded up $1.09 during trading hours on Friday, hitting $108.76. The company’s stock had a trading volume of 5,803,695 shares, compared to its average volume of 6,885,451. Shell has a twelve month low of $68.63 and a twelve month high of $109.37. The firm has a market capitalization of $311.57 billion, a P/E ratio of 12.00, a PEG ratio of 0.86 and a beta of 0.10. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $97.80 and a 200 day moving average of $87.99.

Shell announced that its Board of Directors has authorized a stock buyback program on Thursday, October 29th that permits the company to repurchase $5 billion in shares. This buyback authorization permits the energy company to repurchase up to 1.7% of its stock through open market purchases. Share buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SHEL shares. TD Cowen raised their price objective on Shell from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Mizuho set a $103.00 target price on Shell in a research report on Monday, October 12th. Wells Fargo & Company lifted their price target on shares of Shell from $105.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday. Zacks Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Finally, HSBC reiterated a “buy” rating on shares of Shell in a research note on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Shell currently has an average rating of “Moderate Buy” and an average price target of $107.86.

Check Out Our Latest Analysis on SHEL

More Shell News

Here are the key news stories impacting Shell this week:

Positive Sentiment: Major earnings beat: Shell reported third-quarter adjusted earnings of approximately $10.8 billion, more than doubling from a year earlier and exceeding expectations. Record refining margins, stronger gas and LNG prices, and resilient operations drove the result. Reuters earnings report
Positive Sentiment: $5 billion share buyback: Shell authorized repurchases of up to 1.7% of its outstanding shares, supported by stronger cash flow. The buyback signals management confidence in the company’s valuation and should enhance per-share earnings while returning capital to investors. Zacks earnings call highlights
Positive Sentiment: LNG expansion remains a growth focus: Management highlighted continued LNG growth and operational execution, providing support for Shell’s longer-term earnings diversification beyond oil refining. Shell LNG growth coverage
Positive Sentiment: Higher analyst target: Wells Fargo raised its price target from $105 to $116 while maintaining an Equal Weight rating, implying additional potential upside but a relatively cautious recommendation.
Neutral Sentiment: Shell declared a quarterly interim dividend of $0.3906 per share and published the 2027 dividend timetable, reinforcing its ongoing capital-return policy. Shell dividend announcement
Negative Sentiment: Risks could limit the rally: Management said it is too early to assess the long-term demand effects of Middle East supply disruptions. In addition, refining margins are unusually high and may normalize, while Shell’s oil and liquids realizations declined from the prior quarter.

Shell Company Profile

(Get Free Report)

Shell plc is a global energy company headquartered in London, England. Its operations span the energy value chain, including the exploration, production, processing, trading and marketing of oil and natural gas. The company is also a major participant in liquefied natural gas (LNG), refining, chemicals and energy-related products.

Shell sells fuels, lubricants and other petroleum products through branded retail and commercial businesses, while also providing services to industrial, marine and aviation customers.