Royal Dutch Shell A (alt) -> Shell plc, NL0000009827

Shell stock gains as gas lifts earnings forecasts

Published on 09/23/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell stock reached 3,511 pence on September 22, 2026, up 0.6 percent on the London Stock Exchange. Baader lifted 2026 EPS to USD 5.76.

Flatlay mit Aktienzertifikat, ISIN-Karte, Ölfläschchen und Miniatur-Bohrturm — Flatlay-Arrangement mit Aktienzertifikat und Ölutensilien symbolisiert eine Investition in Shell plc, Wertpapierkennung NL0000009827, am Energiemarkt, Illustration mit AI erstellt.

Shell plc (ISIN NL0000009827) closed at 3,511 pence on the London Stock Exchange on September 22, 2026, up 0.6 percent, while its revised 2026 earnings forecast gave the move a concrete earnings driver. According to TradingView on September 22, 2026, Baader lifted its 2026 EPS forecast to USD 5.76 from USD 4.45.

Forecast rises by 29.4 percent

The revision adds USD 1.31 to the 2026 estimate, a 29.4 percent increase from the previous USD 4.45 forecast. Baader also raised its 2027 EPS estimate to USD 5.57 from USD 4.48, an increase of USD 1.09 or 24.3 percent, according to TradingView on September 22, 2026.

The estimate change was linked to higher oil-price assumptions and additional production connected with Shell's planned acquisition of ARC Resources. That combination matters because the forecast improvement is tied to both commodity sensitivity and expected portfolio expansion rather than to a purely financial adjustment.

Stock remains below yearly high

The London quote of 3,511 pence on September 22, 2026 stood below the 52-week high of 3,754 pence and above the 52-week low of 2,594 pence. The same dated market snapshot recorded 4,654,766 shares traded on September 21, 2026, while the market capitalization was USD 261.60 billion as of September 22, 2026.

For valuation context, a separate September 23, 2026 market screen listed Shell's target price at 3,600 pence and described an increase rating, with the assessment based on the company's exposure to oil and gas prices, LNG position, cash generation and shareholder returns, according to Futunn on September 23, 2026.

Commodity exposure sets the risk

The forecast increase also highlights the main counter-factor: Shell's earnings remain sensitive to oil and gas prices. The September 22, 2026 estimate update attributed the higher EPS assumptions to stronger commodity-price expectations, so a reversal in those prices would work against the same earnings leverage.

Shell stock closes at 3,511 pence

Shell stock closed at 3,511 pence on the London Stock Exchange on September 22, 2026, up 0.6 percent from the previous close. The price was 243 pence below the 52-week high of 3,754 pence.