Shell plc reported a jump in profits in first-quarter 2026, with adjusted earnings at $6.9 billion, compared to the $3.3 billion the energy giant posted in fourth-quarter 2025, the company reported in its earnings call Thursday.
CEO Wael Sawan said the company delivered strong results enabled by “our relentless focus on operational performance in a quarter marked by unprecedented disruption in global energy markets.”
The company announced a 5% increase in its dividend and a $3 billion share buyback program over the next three months.
The company reported adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) at $17.7 billion versus fourth-quarter 2025 EBITDA at $12.8 billion. Shell reported that net debt for first-quarter 2026 was $52.6 billion, compared to $45.7 billion for fourth-quarter 2025.
Shell reported working capital outflow of $11.2 billion in first-quarter 2026 reflects impact of unprecedented volatility in commodity prices.
The energy giant wasn’t the only company posting higher earnings from previous quarterly reporting. In April, bp reported that its first-quarter 2026 earnings more than doubled from the prior quarter.
- Shell is No. 39 and bp is No. 5 on CSP’s 2026 Top 40 update to the 2025 Top 202 ranking of U.S. c-store chains by store count. Watch for the full 2026 Top 202 ranking in June.
Shell serves about 8 million customers per day with a brand presence at approximately 12,000 gas stations across 49 states. It owns and operates nearly 200 convenience retail sites. Globally, Shell serves around 32 million customers per day at its mobility sites, who visit for quality fuels, electric vehicle (EV) charging and convenience and non-fuel products and services.
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