Shell reports Q1 2026 net income of $5.7B, declares $0.39/share dividend, and announces $3B share buyback program.

Shell plc reported a net income of $5.7 billion for the first quarter of 2026, driven by higher trading, refining margins, and lower operating expenses despite lower volumes. The company declared an interim dividend of $0.3906 per share and completed a $3.5 billion share buyback program, announcing a new $3 billion buyback expected to finish by Q2 2026 results. Shell also agreed to acquire ARC Resources Ltd. for approximately $13.6 billion, expanding its presence in Canadian shale gas. The outlook for Q2 2026 includes expected impacts from Middle East conflicts and higher planned maintenance, with production and refinery utilization guidance provided.