Royal Dutch Shell A (alt) -> Shell plc, GB00BP6MXD84

Shell approves LNG Canada expansion and Shell plc stock trades at EUR 42.54

Published on 10/02/2026 at 14:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell posted USD 9.8 billion adjusted earnings in the second quarter of 2026. Shell plc stock costs EUR 42.54 on October 2, 2026 after EUR 42.47.

Isometrisches 3D Low-Poly Tankstellen-Diorama mit Vordach, Zapfsäulen, Minishop und Autos — Shell plc GB00BP6MXD84: isometrisches Low-Poly-Diorama einer generischen Tankstation mit Vordach, Zapfsäulen und kleinem Shop, Illustration mit AI erstellt.

Shell plc (ISIN GB00BP6MXD84) was trading at EUR 42.54 at Lang & Schwarz on October 2, 2026 at 2:10 p.m. CEST, plus 0.16 percent versus the prior close of EUR 42.47. On September 29, 2026, Shell approved the final investment decision for LNG Canada Phase 2, which will double production capacity, according to Shell.

LNG Canada raises the growth stake

The LNG Canada decision gives Shell a fresh operating milestone after the company reported strong second-quarter results. The project is located in Kitimat, British Columbia, and the expansion is designed to double production capacity at the facility.

Shell's second-quarter 2026 results also showed the scale of its current cash generation. Adjusted earnings were USD 9.8 billion, while cash flow from operations exceeded USD 21.0 billion, according to Shell's second-quarter results release dated July 30, 2026.

Cash flow meets a larger spending plan

Shell kept its 2026 cash capital expenditure outlook at USD 24 billion to USD 26 billion. The range includes USD 4 billion for the ARC Resources acquisition, while net debt stood at USD 42 billion in the second quarter of 2026.

The company also announced USD 3.0 billion of share buybacks in the second quarter of 2026, with completion planned by the third-quarter results announcement. That combination puts capital allocation alongside LNG expansion as the central investor measure.

UBS keeps a Neutral rating

UBS maintained a Neutral rating and a GBp 3,500 price target for Shell in its September 24, 2026 research note, as reported by FinanzNachrichten. The target is stated in pence, so it is separate from the EUR 42.54 Lang & Schwarz reference price.

Shell stock stays tied to execution

Shell plc stock was trading at EUR 42.54 at Lang & Schwarz on October 2, 2026 at 2:10 p.m. CEST, up 0.16 percent from the EUR 42.47 prior close. The LNG Canada expansion, the USD 9.8 billion adjusted earnings result and the USD 24 billion to USD 26 billion spending range define the next operating checkpoints. The further course of trading is shown by the continuously updated real-time quote of Shell plc stock.