# The company posted adjusted earnings of $6.92 billion for the first three months of 2026.

*business · news · 2026-05-07 · The News International*

## Key points

- Shell reported $6.92 billion in adjusted earnings for Q1 2026, surpassing analyst expectations.
- Shell announced a $3 billion share buyback program and a 5% dividend increase after strong results.
- Shell's oil and gas output dropped 4% this quarter due to conflict damage at Qatar's Pearl gas plant.
- Shell secured a $16.4 billion deal to acquire ARC Resources, expanding its North American shale assets.

**Companies:** Shell
**Countries:** United States, Israel, Iran, Canada, Qatar, United Kingdom

[Read the full story on The News International](https://www.thenews.com.pk/latest/1401712-shell-hits-692bn-profit-milestone-as-iran-conflict-pushes-oil-prices-higher)

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