Shell plc (SHEL)

The company now

Shell reported income for its shareholders of $10.8 billion for the second quarter of 2026, up from $5.7 billion in the first quarter 2. The company put the gain down to higher realised prices, more LNG trading, better chemicals margins and more crude and oil products trading 2. Lower volumes, mainly from the Middle East conflict's hit to its Qatari output, pulled the other way 2.

The conflict reached Shell directly: LNG production in Qatar was shut down from early March, and an attack on Ras Laffan on 18 March started a fire inside the Pearl GTL plant 6. Pearl turns natural gas into liquid fuels and base oils, and Shell owns all of it 1. Shell partially restarted Pearl in October, and a Shell spokesperson told Reuters that repairs to its Train 2 were expected to finish in the first quarter of next year 7.

The other big change is Canada: on 2 September 2026 Shell completed its purchase of ARC Resources, a gas and liquids producer in the Montney shale basin 5. Shell says the deal adds about 370 thousand barrels of oil equivalent a day 5. Third-quarter results are due on 29 October 2026, and Shell's own outlook for that quarter includes ARC 3.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.