Shell (SHEL) Q3 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
- $3.86
- Estimate
- $3.67
- Surprise
- +5.0%
- Score at report (before → after)
- 6.7 → 6.7/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Shell (SHEL) beat the $3.67 estimate with adjusted EPS of $3.86 — a clear 5.0% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.7/10) to Hold at 6.7/10 after the report.
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 +5.0% surprise compares with a +3.5% four-quarter average.
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
- Near 52-week high (0.7% away)
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2)
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
- $107.67
- Stop
- $103.69
The stock trades at 11.9× trailing but 9.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 70 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-30 — 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
- $305.77B
- P/E (fwd)
- 9.8
- P/E (ttm)
- 11.9
- 52-week range
- $68.63–$108.43
- Off 52-week high
- 0.7%
- RSI (14)
- 70
- Volume vs avg
- 1.25×
- Score today
- 6.7/10