Shell stock trades at EUR 83.75 as LNG expansion advances

Published on 09/30/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell stock was trading at EUR 83.75 on September 30, 2026, down 0.30 percent from EUR 84.00. Q2 adjusted earnings reached USD 9.8 billion.

SHEL, US7802593050, Illustration mit AI erstellt.

Shell stock (ISIN US7802593050) was trading at EUR 83.75 at Lang & Schwarz on September 30, 2026 at 3:40 p.m. CEST, down 0.30 percent from the prior close of EUR 84.00. The market is weighing Shell's decision to expand LNG Canada while the latest quarterly figures show substantial cash generation.

LNG Canada doubles capacity

According to Shell on September 29, 2026, Shell approved the final investment decision for LNG Canada Phase 2. The project will add two LNG processing trains and lift total facility capacity from 14 million tonnes per year to 28 million tonnes per year.

Shell owns 40 percent of LNG Canada and expects the expansion to provide nearly 6 million tonnes per year of additional LNG. Commercial operations are scheduled for the early 2030s, making the project a long-duration growth commitment rather than an immediate earnings driver.

Q2 results show cash strength

Shell's latest reported quarter was Q2 2026, released on July 30, 2026. The company reported adjusted earnings of USD 9.8 billion and operating cash flow of more than USD 21.0 billion, while its 2026 cash capital expenditure outlook remained USD 24.0 billion to USD 26.0 billion, according to Shell.

The comparison with expectations was also positive. MarketBeat reported Q2 earnings per share of USD 3.52 against consensus of USD 3.23, while revenue reached USD 94.66 billion versus expectations of USD 86.22 billion. That 9.78 percent revenue gap gives the LNG investment a stronger financial backdrop, although the expansion itself remains several years from commercial operation.

Analysts keep a mixed view

MarketBeat reported a Moderate Buy consensus from 12 analysts on September 30, 2026, with six Buy ratings and six Hold ratings and an average 12-month target of GBp 3,775. JPMorgan had reduced its target from GBp 3,900 to GBp 3,600, while Jefferies maintained a Buy rating with a GBp 4,500 target.

Yahoo Finance lists October 29, 2026 as Shell's next earnings date. That report will show whether Q2's USD 9.8 billion adjusted earnings can be sustained while Shell advances its LNG and portfolio strategy.

Shell stock trades below prior close

Shell stock was trading at EUR 83.75 at Lang & Schwarz on September 30, 2026 at 3:40 p.m. CEST, down 0.30 percent versus the Lang & Schwarz prior close of EUR 84.00. The NYSE-listed ADS represents two ordinary shares, while the primary listing context is separate from the euro reference price.