Shell posts Q2 net profit of $8.92 billion, more than doubling from a year earlier
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Shell reported Q2 net profit of $8.92B, more than doubling year over year and beating expectations, supported by higher oil and gas prices, strong LNG and oil trading, and improved chemicals margins. Qatar disruption-related volume declines were largely offset, underscoring operational resilience amid Middle East conflict risk. The company maintained its $3B quarterly share buyback pace, reinforcing shareholder return visibility.
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Shell reported second-quarter net profit of $8.92 billion, more than double the level a year earlier and well ahead of market expectations. The company said higher oil and gas prices, stronger LNG and oil trading, and improved chemicals margins lifted earnings, partly offsetting lower sales volumes tied to disruptions to its Qatar operations during the conflict in the Middle East. Shell also said it would keep its share buyback programme at $3 billion per quarter.
