Shell reports $6.9B Q1 earnings, starts $3B buyback, raises dividend 5%, and acquires ARC Resources.

Shell plc posted strong Q1 2026 results with adjusted earnings of $6.9 billion, driven by operational performance amid volatile energy markets. The company announced a $3 billion share buyback program over the next three months and a 5% dividend increase to $0.3906 per share, reflecting its capital allocation strategy. Shell also completed the acquisition of ARC Resources, adding high-quality assets and boosting production growth outlook through 2030. Despite working capital challenges and geopolitical impacts, Shell maintains a resilient balance sheet and steady cash flow guidance for 2026-2028.