Oil giant Shell posts profit beat, keeps share buyback pace steady at $3.5 billion

Britain’s Shell

on Thursday reported better-than-expected second-quarter profit and maintained the pace of its shareholder returns, despite the impact of lower global oil and gas prices.

The energy giant posted adjusted earnings of $4.26 billion for the three months through June, beating analyst expectations of $3.87 billion, according to an LSEG-compiled consensus.

A separate, company-provided analyst forecast had expected Shell’s second-quarter profit to come in at $3.74 billion.

Shell reported adjusted earnings of $6.29 billion over the same period last year and $5.58 billion in the first three months of 2025.