Shell’s profit it reached $16.515 billion during the first half of 2026 thanks to the largest oil and gas prices, british oil company Shell reported a net profit of $16.515 billion for the first six months of 2026. This figure represents a 97% increase compared to the same period of the previous year.
The advance was supported by rising oil and gas prices in a market marked by significant energy supply tensions. This environment partially offset the impact of lower sales volumes and operational disruptions experienced by the company in Qatar during the conflict in the Middle East.
Shell’s revenue exceeds $166 billion
On the other hand, the Shell revenues they reached $166.487 billion between January and June, this result represents a growth of close to 22% compared to the first half of 2025.
The company’s total expenses amounted to $141.405 billion, a 16.2% increase compared to the same period of the previous year. Despite this increase, improved energy prices allowed the company to expand its profit.
Likewise, net debt stood at $41.754 billion at the end of the semester, an amount that represents a reduction of 3.4% and shows a moderate improvement in the oil company’s financial position.
Shell’s profit quarterly triples
Between April and June, net profit attributable to shareholders increased by 200% to reach $10.821 billion, while during the same period, revenues totaled $96.354 billion after growing by 45%.
Shell’s chief executive, Wael Sawan, noted that the operational performance allowed for solid results during a new period of severe disruption in global energy markets.
Furthermore, the executive highlighted that the company maintains rigorous capital management while continuing to invest in growth opportunities and in supplying essential energy products to its customers.
Shell announces a new share buyback
Along with its financial results, Shell announced a new $3 billion share buyback program, the operation is expected to be completed before the company’s third-quarter 2026 financial results are released.
The program also includes $1.2 billion in outstanding buybacks from the previous plan, that initiative was temporarily suspended due to market conditions.
On the other hand, the board of directors approved a dividend of $0.3906 per common share for the second quarter.
The results show that the increase in oil price it continues to have a direct effect on the accounts of large energy companies. However, Shell’s future performance will also depend on operational stability, global fuel demand, and geopolitical tensions affecting oil and gas supplies.
Source: El periodico de la energia
Photo: Shutterstock
