SHEL: Q2 Adj EPS $1.76 vs $1.58 Est
SHEL reports Q2 earnings above estimates
SHEL Shell RESULTS: Q2, Q2 dividend $0.3906, Q2 ADJ EBITDA $20.710B vs.
EST $20.241B, Q2 net debt $41.754B, Q2 cash flow from operating activities $21.432B, Q2 ADJ earnings $9.836B vs.
EST $8.788B, Q2 ADJ EPS $1.76 vs.
EST $1.58, Q2 CAPEX $4.237B, Shell Earnings Notes:, Q3 Integrated gas production is expected to be approximately 570 - 630 thousand BOE/d, Commences share buyback programme of $3B plus $1.20B from prior programme, 1,880 thousand BOE/d, Q3 LNG liquefaction volumes are expected to be approximately 7.1 - 7.7M tonnes, 2,750 thousand B/d, Outlook excludes any volumes from Arc resources Ltd. and Qatar, 86%, Outlook FY CAPEX $24,000-26.000B, Corporate ADJ earnings are expected to be a net expense of approximately $500 - $700M in Q3, ADJ earnings in qtr partly offset by lower vols, mainly due to impact of middle East conflict on qatari volumes, lower lubricants margins, H1 total oil and gas production, compared with first half 2025, down by 16%, mainly due to impact of middle East conflict on qatari volumes, Shell CFO says Qatar is attractive place for Shell long-term, fundamentals are 'wonderful', Shell CFO says refinery turnarounds will increase over next quarter, Shell CFO says expects tight jet fuel supply to continue through Q3, focus is on keeping Europe well supplied, Shell CFO says inventory releases have helped market but buffer is finite and there may be fewer 'levers' to pul