Shell is scheduled to release its Q4 2025 results before markets open on Thursday, January 29, 2026. Analysts surveyed by FactSet anticipate earnings of $1.37 per share for the quarter, reflecting a modest decline from the $1.86 earned in Q3. The company will host its earnings conference call at 9:30 AM ET, where management is expected to comment on production guidance for 2026 and the impact of recent LNG contract renewals in Asia.

In its most recent report on October 30, Shell posted adjusted EPS of $1.86, beating consensus by $0.14, while revenue of $68.15 billion fell short of the $70.50 billion estimate. Net margin stood at 5.34%, and return on equity was 10.49%. Upstream volumes averaged 3.9 million barrels of oil equivalent per day, driven by strong performance in the Permian basin and stability in the Gulf of Mexico segment.

Shell declared a quarterly dividend of $0.716 per share, paid on December 18, 2025 to shareholders of record as of November 14. This equates to an annualized payout of $2.86 and a dividend payout ratio of 58.6%. The dividend yield remains in line with the company’s target range, supporting Shell’s commitment to returning cash to shareholders even as it invests in lower-carbon ventures.

During the fourth quarter, Brighton Jones LLC increased its stake by 51.7% to 7,463 shares, while AQR Capital Management added 13,419 shares—up 70.1%—bringing its total to 32,564 shares. Overall, institutional investors hold 28.6% of Shell’s shares. On the broker front, Piper Sandler raised its weight rating and lifted its target to $92, Jefferies maintained a Buy recommendation, and UBS shifted to Neutral. The consensus from ten Hold, eight Buy and one Strong Buy translates into a Moderate Buy rating overall.