Shell lifts refining outlook and Shell stock costs EUR 43.61
Published on 10/07/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shell plc stock was trading at EUR 43.61 at Lang & Schwarz on October 7, 2026 at 10:34 a.m. CEST. On October 7, 2026, Shell lifted its indicative third-quarter refining margin outlook from USD 24.00 to USD 42.00 per barrel, according to GlobeNewswire.
Refining margin rises 75.00 percent
The updated outlook implies a 75.00 percent increase from the second-quarter indicative refining margin. Shell also lowered its indicative chemicals margin from USD 270.00 to USD 208.00 per tonne, a 22.96 percent decline, while refinery utilization is guided at 93.00 percent to 97.00 percent for the third quarter.
Integrated Gas production is expected at 740 to 780 thousand barrels of oil equivalent per day, compared with 631 thousand in the second quarter. Upstream production guidance stands at 1,735 to 1,835 thousand barrels of oil equivalent per day, while the company expects third-quarter results on October 29, 2026, according to GlobeNewswire.
Second-quarter earnings set the base
Shell's latest reported quarter was the second quarter of 2026. Adjusted earnings reached USD 9.80 billion and cash flow from operations exceeded USD 21.00 billion, according to Shell Global.
The same results presentation showed a USD 24.00 billion to USD 26.00 billion cash capital expenditure outlook for fiscal year 2026 and a USD 3.00 billion share buyback program. That combination makes the margin update important: stronger refining economics improve the operating backdrop, while weaker chemicals margins and the stated macro risks remain counterweights.
Barclays raises its valuation
Barclays raised its Shell target from GBp 4,700 to GBp 4,950 on October 5, 2026 and maintained an overweight rating, according to Aktiencheck. The 250 GBp increase equals 5.32 percent versus the former target, but the analyst report does not provide a detailed explanation for the change.
Shell stock stays in trading
Shell stock was trading at EUR 43.61 at Lang & Schwarz on October 7, 2026 at 10:34 a.m. CEST. The London Stock Exchange listing uses the ticker SHEL and is quoted in GBp; the shareprices.com page showed a 52-week range of GBp 2,554.00 to GBp 3,681.50 and market capitalization of GBP 208.5 billion on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Shell stock.
Shell stock facts
- Company: Shell plc
- ISIN: GB00BP6MXD84
- Ticker: SHEL
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 7, 2026, 10:34 a.m. CEST): EUR 43.61
- Market capitalization: GBP 208.5 billion (as of October 7, 2026)
- 52-week range: GBp 2,554.00-3,681.50 (as of October 7, 2026)
- Sector / Industry: Energy / Oil and Gas Integrated
- Index membership: FTSE 100
- Next earnings date: October 29, 2026
