Shell is scheduled to release its Q4 2025 earnings on January 29, 2026, before market open. Analysts project earnings per share of $1.37, following the company’s Q3 result of $1.86 EPS, which beat consensus by $0.14. In Q3, Shell reported revenue of $68.15 billion and delivered a net margin of 5.34% alongside a return on equity of 10.49%. For the full year 2025, analysts forecast approximately $8.00 in EPS, matching the expectation for fiscal 2026. Shell’s dividend payout ratio stood at 58.6% in the prior quarter, reflecting management’s commitment to returning cash to shareholders, with the most recent quarterly dividend delivering $0.716 per share on an annualized basis.

Sources indicate Shell has initiated a strategic review of its upstream shale operations in Argentina’s Vaca Muerta basin and has approached multiple parties to gauge interest in acquiring its onshore oil and gas portfolio. Vaca Muerta represents one of the world’s largest unconventional hydrocarbon formations, but Shell’s move follows a broader industry trend of reallocating capital toward lower-carbon businesses and higher-return assets. The potential divestment could reshape Shell’s upstream footprint, and any transaction would be evaluated against Shell’s target of reducing net debt and reallocating capital toward renewable energy and electric mobility initiatives.