# Gains for FTSE 100 energy giant were up 24 per cent on a year earlier.

*business · news · 2026-05-07 · The Sun*

## Key points

- Shell's chemicals and products division earnings quadrupled to £1.41billion in the latest quarter.
- Shell's Pearl gas to liquids plant in Qatar was damaged and will take about a year to repair.
- Shell reduced its quarterly buybacks to £2.2billion from £2.6billion despite increased profits.
- Centrica acquired the Severn gas-fired power station for £370million, boosting its portfolio to four gigawatts.

**Companies:** SHELL, Centrica, JD SPORTS FASHION
**Countries:** United Kingdom, Qatar, Malaysia

[Read the full story on The Sun](https://www.thesun.co.uk/money/39043637/shell-profits-rocket-5-billion-oil-prices-surge/)

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