Shell stock rises 1.70 percent near its 52-week high

Published on 09/25/2026 at 11:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell stock stood at GBp 3,641.00 on September 24, 2026, 0.61 percent below its GBp 3,663.50 52-week high. Q2 adjusted earnings reached USD 9.8 billion.

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Shell (ISIN GB00BP6MXD84) stock closed at GBp 3,641.00 on the London Stock Exchange on September 24, 2026, up 1.70 percent from GBp 3,580.00. On September 22, Shell confirmed the completion of a Gulf of America asset sale, adding a portfolio-management signal to the share-price move, according to Shell.

Q2 earnings beat expectations

Shell's second-quarter 2026 revenue reached USD 94.66 billion, compared with consensus of USD 86.22 billion, while adjusted earnings per share came in at USD 3.52 against USD 3.23 expected, MarketBeat reported on September 14, 2026, citing the July 31 results. The revenue surprise was USD 8.44 billion, or 9.79 percent, giving the latest operating picture a clear numerical edge over expectations, according to MarketBeat.

The company also reported Q2 adjusted earnings of USD 9.8 billion and operating cash flow above USD 21 billion. Shell kept its 2026 cash capital expenditure guidance at USD 24 billion to USD 26 billion and raised its production-growth target through 2030 to 4 percent annually from 1 percent, based on the Q2 earnings call published on July 30, 2026, according to Yahoo Finance.

Analyst target moves higher

Morgan Stanley upgraded Shell from Equal Weight to Overweight on September 3, 2026, and raised its price target for the US-listed ADR from USD 81.60 to USD 101.30, according to Yahoo Finance. The new target is 5.97 percent above the September 24 London close after converting neither venue nor currency, so the comparison remains specific to the ADR target and the LSE reference price.

MarketBeat's London listing page showed an average target of GBp 3,775 and a consensus Hold rating on September 23, 2026. That target stood 3.68 percent above the GBp 3,641.00 reference price, leaving the analyst picture constructive on valuation but less decisive on rating direction.

Stock stays near yearly high

Shell traded within a 52-week range of GBp 2,553.77 to GBp 3,663.50, with volume of 4.38 million shares on September 24, 2026. The closing price was 0.61 percent below the yearly high, while the 42.58 percent gap above the low shows that the stock's current position is driven by sustained appreciation rather than a single session alone.

Shell's next Q3 2026 earnings release is listed for October 28, 2026, according to MarketScreener. Until then, the key measurable tension is clear: Q2 revenue exceeded consensus by USD 8.44 billion, while the London share price already sat close to its 52-week peak.