London, July 30, 2026<\/b><\/p>\n
<\/b>“Shell’s operational performance enabled very strong results during another quarter of severe disruption in global energy markets, as we worked hard to provide critical energy supplies and products to our customers.<\/p>\n
Consistent with our strategy, we remain disciplined in our capital allocation, divesting non-core assets and investing in higher-quality growth opportunities, including the announced ARC acquisition. <\/p>\n
Today, we commence another $3 billion of share buybacks1<\/sup>, in line with our 40-50% of CFFO through the cycle distribution policy.” <\/p>\n Shell plc Chief Executive Officer, Wael Sawan<\/b><\/p>\n OPERATIONAL PERFORMANCE DRIVES VERY STRONG RESULTS<\/b><\/p>\n 1<\/sup>The Q2 2026 share buyback programme comprises $3.0 billion of new share buybacks, plus $1.2 billion of share buybacks that were not undertaken during the previous programme due to the announced suspension of such programme in connection with Shells agreement to acquire ARC Resources. <\/p>\n\n
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\n $ million2<\/sup><\/b><\/td>\n Adj. Earnings<\/b><\/td>\n Adj. EBITDA<\/b><\/td>\n CFFO<\/b><\/td>\n Cash capex<\/b><\/td>\n<\/tr>\n \n Integrated Gas<\/td>\n 2,691<\/td>\n 4,761<\/td>\n 4,629<\/td>\n 1,269<\/td>\n<\/tr>\n \n Upstream<\/td>\n 3,485<\/td>\n 8,891<\/td>\n 6,835<\/td>\n 1,633<\/td>\n<\/tr>\n \n Marketing<\/td>\n 1,329<\/td>\n 2,392<\/td>\n 2,547<\/td>\n 380<\/td>\n<\/tr>\n \n Chemicals & Products3<\/sup><\/td>\n 2,877<\/td>\n 4,664<\/td>\n 7,941<\/td>\n 507<\/td>\n<\/tr>\n \n Renewables & Energy Solutions<\/td>\n 79<\/td>\n 212<\/td>\n (65)<\/td>\n 429<\/td>\n<\/tr>\n \n Corporate<\/td>\n (617)<\/td>\n (210)<\/td>\n (455)<\/td>\n 19<\/td>\n<\/tr>\n \n Less: Non-controlling interest (NCI)<\/td>\n 9<\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n \n Shell<\/td>\n Q2 2026<\/td>\n 9,836<\/td>\n 20,710<\/td>\n 21,432<\/td>\n 4,237<\/td>\n<\/tr>\n \n Q1 2026<\/td>\n 6,915<\/td>\n 17,741<\/td>\n 6,062<\/td>\n 4,202<\/td>\n<\/tr>\n<\/table>\n