Shell (SHEL) Q2 2026 earnings — TrendMatrix coverage

Adjusted EPS

$3.52

Estimate

$3.18

Surprise

+10.6%

Revenue (period 2026-06-30)

$94.66B

Score at report (before → after)

5.9 → 5.8/10

Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).

Shell (SHEL) beat the $3.18 estimate with adjusted EPS of $3.52 — a large 10.6% upside surprise. TrendMatrix's engine moved from Data Issue (5.9/10) to Hold at 5.8/10 after the report — the engine's score fell despite the beat.

TrendMatrix currently rates SHEL Hold at 6.8/10.

3 of the last 4 quarters beat the estimate; this quarter's +10.6% surprise compares with a +4.0% four-quarter average. Next scheduled report: 2026-10-29.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$95.60

Price target

$97.18

Stop

$92.08

Upside to target

+1.7%

Model outputs from TrendMatrix’s engine as of 2026-09-25 — shown for context, not personalized investment advice.

Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.

Industry

Oil & Gas Integrated

Market cap

$272.21B

P/E (fwd)

9.2

P/E (ttm)

10.5

52-week range

$68.63–$99.16

Off 52-week high

3.6%

RSI (14)

61

Volume vs avg

0.87×

Score today

6.8/10