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

Shell stock trades at GBp 3,611 after portfolio moves

Published on 09/28/2026 at 16:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell stock last traded at GBp 3,611.00 on September 28, 2026, while Q2 revenue reached USD 94.66 billion. Morgan Stanley raised its target to USD 101.30.

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) last traded at GBp 3,611.00 on the London Stock Exchange on September 28, 2026, down 0.82 percent. The latest company event was the completion of a Gulf of America asset sale announced by Shell on September 22, 2026.

Q2 earnings beat estimates

Shell's second quarter 2026 results provide the strongest operating reference. The company reported USD 94.66 billion in revenue and USD 3.52 earnings per share, compared with consensus estimates of USD 86.22 billion and USD 3.23, respectively, according to MarketBeat.

Shell said adjusted earnings reached USD 9.8 billion in Q2 2026 and operating cash flow exceeded USD 21 billion. That combination gives the stock a measurable earnings and cash-flow foundation, even as the daily London quotation moved lower on September 28.

Portfolio deal reaches closing

The Gulf of America transaction adds a concrete capital-allocation angle. Shell completed the sale of its 50 percent non-operated interest in the Na Kika platform and its 100 percent-owned Coulomb tieback on September 22, 2026, according to the company's investor-relations update.

Earlier, Shell Energy North America agreed to buy 169 megawatts of Pennsylvania generation capacity and sell a 609-megawatt New England power asset for USD 715 million. Shell said both transactions were expected to close in the first quarter of 2027, subject to regulatory approvals. The figures show portfolio management extending beyond upstream oil and gas.

Analyst target moves higher

Morgan Stanley upgraded Shell from Equal Weight to Overweight on September 3, 2026, and raised its price target from USD 81.60 to USD 101.30, as Yahoo Finance reported. The rating change contrasts with UBS reaffirming a Neutral view on September 25, 2026, with a GBp 3,775 consensus target reported by MarketBeat.

Shell stock trades at GBp 3,611.00

Shell stock last traded at GBp 3,611.00 on the London Stock Exchange on September 28, 2026, with a daily change of minus 0.82 percent. Earnings, asset sales and the USD 101.30 Morgan Stanley target define the main reference points for the share.