Shell plc (SHEL) Form 6-K — Oct 7, 2026
Shell plc filed a 6-K containing its Q3 2026 update note, giving segment-level outlook ahead of full results due 29 October 2026. Integrated Gas production is guided to 740-780 kboe/d (up from 631 in Q2), helped by the ARC Resources acquisition completed 2 September 2026, and the indicative refining margin roughly doubled to $42/bbl from $24/bbl. Offsets include Marketing adjusted earnings expected lower than Q2, ~$0.3 billion of exploration well write-offs, and an ~$2.5 billion cash outflow tied to German BEHG emissions certificate payments.
Key figures
- Jv dividend inflow
- $0.8 billion
- Exploration writeoffs
- ~$0.3 billion
- Q2 26 adjusted earnings
- $9.8 billion
- Refinery utilisation q3
- 93%-97%
- Upstream production kboe d
- 1,735-1,835
- Lng liquefaction volumes mt
- 7.2-7.6 (vs 7.7 in Q2'26)
- Marketing sales volumes kb d
- 2,550-2,650
- Indicative refining margin q2
- $24/bbl
- Indicative refining margin q3
- $42/bbl
- Indicative chemicals margin q2
- $270/tonne
- Indicative chemicals margin q3
- $208/tonne
- Integrated gas production kboe d
- 740-780 (vs 631 in Q2'26)
- Behg emissions certificates outflow
- ~$2.5 billion
- Corporate adjusted earnings outlook
- -$0.8 to -$0.6 billion
- Renewables adjusted earnings outlook
- $0.0 - $0.4 billion
- Q2 26 income attributable to shareholders
- $10.8 billion
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