Shell posts transcript of Q2 2026 results presentation
SHEL•Share buyback and capital spending outlook
Shell announced a new USD 3 billion share buyback, targeted for completion by the Q3 results update in October.
Net debt fell to about USD 42 billion, or about USD 12 billion excluding leases. The 2026 cash capex outlook was held at USD 24-26 billion.
ARC Resources acquisition and growth outlook
The ARC Resources acquisition won shareholder support, pending regulatory approval.
Shell said the deal is expected to lift production growth to 2030 to about 4% a year.
Q2 2026 results presentation transcript posted
Shell published a transcript of its Q2 2026 results presentation attended by CEO Wael Sawan and CFO Sinead Gorman.
- Adjusted earnings totaled USD 9.8 billion.
- Cash flow from operations topped USD 21 billion despite Middle East disruptions.
