Shell Reports Record Q2 Revenue of $94.7 Billion in 2026
Royal Dutch Shell reported second-quarter revenue of $94.7 billion for the first half of 2026, a significant increase from $65.4 billion during the same period last year. The surge was driven by strong performance across its operations despite disruptions in global energy markets and geopolitical tensions in the Middle East. Record upstream production in Brazil and peak refinery utilization contributed to this growth. Shell's income attributable to shareholders rose 196% to $10.8 billion, while adjusted earnings increased from $4.3 billion to $9.8 billion during Q2 2026. The company also reported a substantial rise in cash flow and free cash flow, with the latter reaching $17.5 billion compared to $6.5 billion in the prior year. Looking ahead, Shell plans capital expenditures between $24 billion and $26 billion for full-year 2026. The company is also progressing on strategic moves such as its acquisition of ARC Resources valued at $16.4 billion and divesting non-core assets like a Gulf of Mexico platform.
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