Shell posts Q2 adjusted earnings of $9.8 billion, announces $3 billion share buyback
SHEL•Q2 earnings and buyback
Shell management flagged Q2 adjusted earnings of USD 9.8 billion, cash flow from operations above USD 21 billion despite Middle East disruptions.
Announced USD 3 billion share buyback, targeted for completion by the Q3 results in October.
Debt, capex and ARC Resources update
Net debt cut to about USD 42 billion, or about USD 12 billion excluding leases.
Kept 2026 cash capex outlook at USD 24-26 billion, including about USD 4 billion tied to the ARC Resources acquisition.
ARC Resources deal awaiting final regulatory approval; expected production growth to 2030 lifted to about 4% a year versus about 1% previously.
