Structural Cost Reductions
Shell achieved $800 million in structural cost reductions in the first half of 2025, bringing the total since 2022 to $3.9 billion. This is on track for the target of $5 billion to $7 billion by the end of 2028.
LNG Canada Start-Up
A major milestone was the start-up of LNG Canada, with Shell holding a 40% working interest. This project offers strategic advantages with shorter transit routes to Asia.
Strong Cash Flow and Shareholder Returns
Shell delivered $11.9 billion of cash flow from operations in Q2 and announced a $3.5 billion share buyback program, marking the 15th consecutive quarter of significant buybacks.
Resilient Marketing Performance
Marketing recorded its best Q2 results in nearly a decade, driven by strong performance in Mobility and Lubricants.