Shell (SHEL) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- 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).
How the report landed
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.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SHEL Hold at 6.7/10.
3 of the last 4 quarters beat the estimate; this quarter's +10.6% surprise compares with a +3.5% four-quarter average. Next scheduled report: 2027-02-04.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong earnings beat streak (3/4)
What argues against it
- Analyst target reached - limited upside remaining
- Negative momentum
- Target reached (-2.2% upside)
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.
The levels TrendMatrix's engine tracks
- Current price
- $101.72
- Stop
- $97.38
At 8.8× trailing and 9.5× forward earnings, consensus estimates imply little change in earnings power.
Model outputs from TrendMatrix’s engine as of 2026-11-05 — shown for context, not personalized investment advice.
SHEL at TrendMatrix's latest read
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
- $288.72B
- P/E (fwd)
- 9.5
- P/E (ttm)
- 8.8
- 52-week range
- $68.63–$109.37
- Off 52-week high
- 7.0%
- RSI (14)
- 38
- Volume vs avg
- 0.49×
- Score today
- 6.7/10