Shell launches bumper buyback after earnings more than double on Middle East turmoil Energy Shell has said it will continue its bumper share buyback programme after revealing the Iran war’s effect on oil prices and trading volumes helped it book near-record profit. The Anglo-Dutch giant’s net profit spiked to $9.8bn between April and July, more than double the same period last year and beating analyst estimates. Shares were up [...]
Shell shares slump after earnings rocket on oil surge Energy Shell kicked off a mega share buyback following a bumper first quarter that breezed past expectations on the back of booming oil trading. The FTSE 100 oil major recorded earnings of $6.9bn (£5bn), cruising past the consensus pencilled in by analysts of $6.4bn. It also marked a significant uplift on the $3.3bn pocketed in the [...]
FTSE 100 Live: Stocks down on election day; oil back below $100 as Iran deal hangs in balance Markets Good morning and welcome back to the City AM liveblog. It’s local election day in the UK and Keir Starmer’s premiership is hanging in the balance as his Labour Party prepares to take a drubbing in council boroughs across the country. Gilt yields rose at their fastest rate earlier this week as the market prepares [...]
BP shares fall as net zero plans trigger hit of up to $5bn January 14, 2026 Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025 as the value of green energy projects withered. The FTSE 100 firm said it expects a write-down of between $4bn and $5bn (£3.7bn), as it rethinks its strategy for transition assets and partnerships in the [...]
FTSE 100 giants Rolls-Royce and Shell lead City market rally July 31, 2025 A fleet of corporate news helped the FTSE 100 edge up in early trading on Thursday with a number of rallies from the index’s heavyweights. Positive updates from Rolls-Royce and Rentokil helped London’s flagship stock market rise 0.5 per cent to 9.182.34 as markets opened. Rentokil topped the risers with a 11 per cent surge [...]
Shell: FTSE 100 giant takes profit beat amid weak oil prices July 31, 2025 FTSE 100 juggernaut Shell posted a dramatic hit to earnings in the second quarter amid a volatile period for oil and gas prices. The London-listed oil major recorded $4.26bn (£3.21bn) marking a 32 per cent fall from the second quarter of 2024, where the firm pocketed $6.29bn. But Shell managed to scrape past an LSEG-compiled [...]
Shell: FTSE 100 giant in line for profit hit after oil woes July 26, 2025 Shell is expected to report lower profits for recent months as the energy giant continues to battle oil price volatility and strives to return cash to its shareholders. The FTSE 100-listed company is predicted to report adjusted earnings of 3.74 billion US dollars (£2.78 billion) for the second quarter, when it publishes its latest figures [...]
Shell and BP: FTSE 100 giants get analyst backing after oil surge June 18, 2025 FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict. BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran. Russ Mould, investment director at AJ [...]
Shell’s profit drops on weaker refining margins October 31, 2024 Shell’s earnings fell slightly last quarter after profit margins declined at its refining business amid weaker global demand for oil. The oil and gas giant said adjusted earnings were $6.03bn (£4.65bn), down from $6.2bn during the same period last year. However, the figure comfortably beat a company-provided analyst consensus of $5.4bn (£4.1bn) and Shell confirmed [...]
Shell kicks off £2.74bn share buyback as earnings beat expectations August 1, 2024 Shell kicked off a new share buyback programme today as it posted better-than-expected numbers for the second quarter despite a previously announced $2bn (£1.6bn) impairment and a slide in revenues.