Shell approves LNG Canada Phase 2. Shell stock loses 1.48 percent

Published on 10/01/2026 at 11:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell stock costs EUR 83.00 on October 1, 2026, versus EUR 84.25. Adjusted earnings reached USD 9.8 billion in the second quarter of 2026.

SHEL, US7802593050, Illustration mit AI erstellt.

Shell (ISIN US7802593050) was trading at EUR 83.00 at Lang & Schwarz on October 1, 2026 at 11:37 a.m. CEST, down 1.48 percent versus the prior close of EUR 84.25. On September 29, 2026, Shell approved the LNG Canada Phase 2 expansion, according to Shell.

LNG Canada doubles capacity

The project will add two LNG processing units and lift LNG Canada's capacity from 14 million tonnes per annum to 28 million tonnes. That is a 100.00 percent increase, while Shell holds a 40.00 percent interest in the facility.

Reuters reported on September 29, 2026, that the expansion carries an investment value of C$33.0 billion and is designed to raise exports to 28 million tonnes annually. Commercial operations are targeted for the early 2030s.

Q2 cash flow supports expansion

Shell's second-quarter 2026 results included adjusted earnings of USD 9.8 billion and more than USD 21.0 billion in cash flow from operations, according to Shell. The company also kept its 2026 cash capital expenditure outlook at USD 24.0 billion to USD 26.0 billion.

The figures matter because LNG Canada Phase 2 adds a long-duration growth project while Shell is still funding shareholder returns. Shell announced USD 3.0 billion of share buybacks for completion by its third-quarter results announcement in October, according to the same quarterly results page.

Analysts split on Shell

MarketBeat reported on September 30, 2026, that six analysts rated Shell a buy and six recommended holding the stock, with an average 12-month target of GBp 3,775. UBS reaffirmed a neutral rating in a note dated September 25, 2026.

The mixed analyst split leaves project execution and energy-market conditions as the key variables. Shell's LNG expansion strengthens its long-term gas position, but the investment still depends on construction delivery, future LNG demand and commodity prices.

Stock trades below prior close

Shell's Lang & Schwarz price was EUR 83.00 on October 1, 2026 at 11:37 a.m. CEST, down 1.48 percent from the prior close of EUR 84.25. Shell's market capitalization was USD 265.0 billion as of September 30, 2026, while its 52-week range was USD 68.62 to USD 99.16.