Overview
- Shell, which reported first-quarter results Thursday, posted adjusted profit of about $6.9 billion, topping analyst forecasts.
- Management raised the quarterly dividend 5% to 39.06 cents per share and cut this quarter’s share buybacks to $3 billion.
- Shell lifted 2026 capital spending guidance to $24–$26 billion, including about $4 billion linked to the planned ARC Resources acquisition.
- A rocket strike damaged the Pearl gas-to-liquids plant in Qatar, with repairs expected to cost roughly $500 million and take about a year.
- Higher energy prices are feeding through to consumers in Germany, where March data showed Super gasoline up 17.3%, diesel up 29.7%, and heating oil up 44.4% year over year.