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Shell (UK) (GB:SHEL)
LSE:SHEL
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.57Last Year’s EPS
0.68Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized disciplined execution, strong cash generation, aggressive cost reductions ($5.1bn achieved), disciplined capital allocation, record LNG activity (11% sales growth), and solid shareholder returns (4% dividend increase and $3.5bn buyback) alongside meaningful progress on emissions targets (70% of Scope 1/2 halving target, 18% reduction in customer-use emissions). Key negatives included four fatalities, continued Chemicals underperformance and margin risk, a decline in reserve life (R/P down to ~7.8 years), and some geopolitical/legal uncertainties (e.g., Kazakhstan). On balance the positives — particularly financial resilience, operational improvements, cost savings, and emissions progress — outweighed the negatives.Company Guidance
Strong cost reduction delivery
Achieved $5.1 billion of structural cost reductions by end-2025 (target $5–$7 billion by end-2028), reaching the lower bound three years early; nearly 60% of reductions from operational efficiencies, leaner corporate center and faster decision-making.
Disciplined capital allocation and CapEx within guidance
Ended 2025 in the middle of the $20–$22 billion cash CapEx range set at CMD25; demonstrated capital discipline including halting Rotterdam biofuels construction to prioritize returns.
Robust cash generation and shareholder returns
Q4 2025 CFFO $9.4 billion; full-year CFFO ~ $43 billion; free cash flow just over $26 billion; full-year adjusted earnings $18.5 billion. Delivered shareholder distributions at the top end of 40–50% CFFO range, announced 4% dividend increase and $3.5 billion buyback (to complete by Q1 results) — 17th consecutive quarter announcing ≥ $3 billion buybacks.
Operational outperformance in key segments
Upstream delivered a strong quarter and full-year operational performance with high controllable availability; Integrated Gas returned to pre-COVID levels; Mobility and Lubricants achieved their best-ever results in 2025.
ROACE improvements in businesses
Group ROACE improved to 9.4% (up YoY despite ~ $10/bbl lower Brent). Mobility ROACE rose to >15% (from ~12%), Lubricants to >21% (from ~19%), and Renewables (Res) ROACE rose ~4 percentage points YoY.
LNG sales and portfolio progress
LNG sales grew 11% in 2025 with the highest number of cargoes delivered in a single year; LNG Canada start-up progressing and ramp-up to full capacity continuing; acquired Pavilion Energy to strengthen LNG footprint; committed to projects that will add >1 million boe/d peak production by 2030 and had started up >25% of that new production by end-2025.
Progress on emissions and sustainability targets
Achieved ~70% of target to halve Scope 1 & 2 emissions (net) by 2030 vs 2016; reduced product net carbon intensity by 9% in 2025 (vs 2016) toward 15–20% target; met customer-use emissions ambition with an 18% reduction in 2025; eliminated 100% of routine flaring in Upstream operations.
Portfolio reshaping and value-focused transactions
Completed divestment of SPDC (Nigeria), creation of Adura JV (now U.K. North Sea's largest independent producer), divested loss-making Chemicals asset in Singapore, sold/streamlined projects in Power & Low Carbon (e.g., Atlantic Shores, ScotWind) and completed strategic acquisition of Pavilion Energy.
Balance sheet strength
Gearing at 21% (9% excluding leases) with continued strong balance-sheet metrics; net debt roughly stable over a three-year period despite substantial buybacks and distributions.
GB:SHEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:SHEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | 2867.00p | 2769.50p | -3.40% |
Oct 30, 2025 | 2848.69p | 2856.12p | +0.26% |
Jul 31, 2025 | 2627.55p | 2658.94p | +1.19% |
May 02, 2025 | 2364.61p | 2413.14p | +2.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shell (UK) (GB:SHEL) report earnings?
Shell (UK) (GB:SHEL) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Shell (UK) (GB:SHEL) earnings time?
Shell (UK) (GB:SHEL) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Shell (UK) stock?
The P/E ratio of Shell (UK) is N/A.
What is GB:SHEL EPS forecast?
GB:SHEL EPS forecast for the fiscal quarter 2026 (Q1) is 0.57.
