# Shell reported adjusted earnings of $6.9 billion for the first quarter of 2026.

*business · news · 2026-05-07 · OilPrice*

## Key points

- Shell reported Q1 2026 adjusted earnings of $6.9 billion, beating analyst expectations by $0.6-$0.8 billion.
- The earnings beat was driven by higher oil prices and exceptional trading profits amid Iran war volatility.
- Shell lowered its Q2 LNG production outlook due to lost volumes in Qatar, affecting future supply.
- The company reduced its share buyback pace to $3 billion but increased its dividend by 5% to $0.3906.

**Companies:** Shell, BP, TotalEnergies
**Countries:** UK, Iran, Qatar

[Read the full story on OilPrice](https://oilprice.com/Latest-Energy-News/World-News/Shell-Beats-Profit-Estimates-as-War-Brings-Trading-Windfall.html)

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