SHEL Earnings

SHEL reported its earnings on 2026-05-07, showcasing a revenue of 70.13B against an estimate of 83.33B, resulting in a -15.84% surprise. The EPS was 2.44, surpassing the expected 1.88 by 37.08%. The stock experienced a -3.39% price change on the earnings day and a -2.12% change over the next five days, reflecting market reactions to the results.

Following SHEL's earnings announcement on 2026-05-07, the stock price moved by -3.39% on the day of the release. Over the subsequent five days, it saw a -2.12% change. Historically, SHEL's stock price tends to shift by an average of -1.26% in the 10 days leading up to earnings and 0.98% in the 10 days following, providing insight into potential market.

For 2026/Q2, analysts estimate SHEL's annual revenue to reach 68.16B, while the EPS is projected at 1.61. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between SHEL's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, SHEL's stock price typically moves by -1.26% in the 10 days before its earnings and 0.98% in the 10 days after. For the upcoming 2026/Q2 earnings, analysts expect an EPS of 1.61 and revenue of 68.16B.

The earnings call reflects a mixed sentiment. While Shell maintains strong cash flow from operations, the significant working capital outflow and the impact of the Middle East conflict on operations pose risks. The absence of growth in adjusted earnings and lack of detailed guidance further contribute to a neutral outlook. The shareholder return plan wasn't discussed, and unclear management responses in the Q&A add to uncertainty. These factors suggest a neutral market reaction over the next two weeks.