Shell raised refining outlook and Shell stock trades at EUR 45.53
Published on 10/13/2026 at 09:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Shell raised its indicative third-quarter refining margin outlook to USD 42.00 per barrel from USD 24.00 in the second quarter.
- Shell stock was EUR 45.53 at Lang & Schwarz on October 13, 2026 at 9:12 a.m. CEST.
- Shell reported USD 94.66 billion in second-quarter revenue versus USD 65.41 billion a year earlier.
- Third-quarter results are scheduled for October 29, 2026.
Shell (ISIN GB00BP6MXD84) raised its indicative refining margin outlook for the third quarter to USD 42.00 per barrel from USD 24.00 in the second quarter, according to GlobeNewswire on October 7, 2026. Shell stock was trading at EUR 45.53 at Lang & Schwarz on October 13, 2026 at 9:12 a.m. CEST.
Chronology of Shell's recent moves
On September 22, 2026, Shell completed the sale of a 50 percent non-operated interest in the Na Kika platform and associated fields, according to Shell. The transaction also covered the company's 100 percent-owned Coulomb tieback.
On September 29, 2026, Shell took the final investment decision on LNG Canada Phase 2. The expansion is designed to lift production capacity from 14 million tonnes per year to 28 million tonnes, while Shell's 40 percent interest is expected to provide nearly 6 million tonnes of additional LNG, according to Shell.
On October 7, 2026, the company set the third-quarter refining margin outlook at USD 42.00 per barrel, compared with USD 24.00 in the second quarter. That is a 75.00 percent increase calculated from the two disclosed margin levels.
What does the margin outlook mean?
The stronger refining spread is the clearest near-term earnings signal in Shell's update, but the picture is mixed. The indicative chemicals margin fell to USD 208.00 per tonne from USD 270.00, while refinery utilization was forecast at 93 percent to 97 percent, below 102 percent in the second quarter, according to GlobeNewswire. Low water levels on the Rhine were cited as a constraint for the Rheinland refinery.
Shell's second-quarter revenue reached USD 94.66 billion, compared with USD 65.41 billion a year earlier, while net profit was USD 10.82 billion versus USD 3.60 billion, according to Markets Insider. The comparison gives the margin outlook additional weight, although the refining figure is an outlook rather than a finalized earnings result.
Next results date
Shell is scheduled to publish its third-quarter 2026 results on October 29, 2026, according to GlobeNewswire. Until then, investors have a defined date for testing whether the higher refining margin translates into reported earnings.
Shell stock at Lang & Schwarz
Shell stock was trading at EUR 45.53 at Lang & Schwarz on October 13, 2026 at 9:12 a.m. CEST. On the London Stock Exchange, Shell was last quoted at GBp 3,852.50 on October 13, 2026 at 8:15 a.m. BST, within a 52-week range of GBp 2,553.77 to GBp 3,855.00. 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 13, 2026, 9:12 a.m. CEST: EUR 45.53
- Sector / Industry: Energy / Oil and Gas Integrated
- Next earnings date: October 29, 2026
Market context: Market report FTSE 100.
