JPMorgan raises target for Shell stock to GBp 4,100

Published on 10/26/2026 at 17:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell reported USD 9.84 billion adjusted earnings for the second quarter. Shell stock costs EUR 47.87 on October 26, 2026 at 5:03 p.m. CEST.

JPMorgan target rises

JPMorgan raised its Shell target from GBp 3,600 to GBp 4,100 on October 8, 2026.
Shell reported USD 9.84 billion in adjusted earnings for the second quarter of 2026.
Shell stock costs EUR 47.87 at Lang & Schwarz on October 26, 2026 at 5:03 p.m. CEST.
Shell is scheduled to report third-quarter results on October 29, 2026.

Shell, GB00BP6MXD84, Illustration mit AI erstellt.

Shell (GB00BP6MXD84) drew a higher valuation from JPMorgan on October 8, 2026, when analyst Matthew Lofting raised the firm's price target from GBp 3,600 to GBp 4,100 and kept an Overweight rating, as reported by Markets Insider. Shell stock was priced at EUR 47.87 at Lang & Schwarz on October 26, 2026 at 5:03 p.m. CEST.

Target moves above the London price

JPMorgan's new target stood 1.66 percent above Shell's London closing price of GBp 4,033 on October 23, 2026. The comparison uses the same pence quotation: GBp 4,100 divided by GBp 4,033, less one, equals 1.66 percent.

The target revision arrived ahead of Shell's third-quarter reporting date. The company published a third-quarter 2026 update note on October 7, 2026, according to Shell.

Second-quarter earnings set the benchmark

For the second quarter of 2026, Shell reported USD 94.66 billion in revenue, USD 10.81 billion in net income attributable to shareholders and USD 9.84 billion in adjusted earnings. The figures were reported for the quarter ended June 30, 2026, and were summarized by TickerScout.

Revenue increased from USD 65.40 billion in the second quarter of 2025 to USD 94.66 billion in the second quarter of 2026, while net income rose from USD 3.60 billion to USD 10.81 billion. Operating cash flow reached USD 21.43 billion in the second quarter of 2026.

Results date is October 29

Shell is scheduled to release its third-quarter results on October 29, 2026. The date was cited by Morningstar, which also reported that Shell's indicative refining margin for the third quarter was USD 42 per barrel, compared with USD 24 per barrel in the second quarter.

Shell stock and the next report

The immediate investor reference points are JPMorgan's GBp 4,100 target, the USD 9.84 billion adjusted-earnings figure for the second quarter and the October 29 reporting date. Shell operates in the Energy sector and is listed on Xetra under ticker R6C0 as well as on its London home market.

Shell stock was trading at EUR 47.87 at Lang & Schwarz on October 26, 2026 at 5:03 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Shell stock.