Cash returned to shareholders
A lower share of cash returned through dividends and buybacks could disappoint shareholders.
Shell reports its Q4 FY2026 results on 4 February 2027, before the market opens. Analysts expect earnings per share of 3.49 USD and revenue of 100.68B USD.
In Q3 FY2026, reported on 29 October 2026, Shell earned 3.86 USD a share against the 3.54 USD analysts expected (+9.0%), on revenue of 92.85B USD against 93.25B USD (-0.4%).
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 3.49 | — | — | +206.14% | 100.68B | — | — | +57.08% | — | |
| Q3 FY2026 | 3.54 | 3.86 | +9.04% | +107.53% | 93.25B | 92.85B | -0.43% | +37.06% | +2.4% | |
| Q2 FY2026 | 3.23 | 3.52 | +8.98% | +147.89% | 86.22B | 94.66B | +9.79% | +44.73% | +2.4% | |
| Q1 FY2026 | 2.14 | 2.44 | +14.02% | +32.61% | 77.54B | 69.69B | -10.12% | +0.66% | -3.4% | |
| Q4 FY2025 | 1.21 | 1.14 | -5.79% | -5.00% | 62.64B | 64.09B | +2.31% | -3.30% | -5.3% | |
| Q3 FY2025 | 1.72 | 1.86 | +8.14% | -21.19% | 67.73B | 67.74B | +0.02% | -4.71% | -1.1% | |
| Q2 FY2025 | 1.13 | 1.42 | +25.66% | -27.92% | 70.23B | 65.41B | -6.87% | -12.16% | +0.6% | |
| Q1 FY2025 | 1.54 | 1.84 | +19.48% | -22.69% | 70.86B | 69.23B | -2.29% | -4.48% | +2.8% | |
| Q4 FY2024 | 1.74 | 1.20 | -31.03% | -45.95% | 65.02B | 66.28B | +1.94% | -15.81% | +2.9% | |
| Q3 FY2024 | 1.66 | 2.36 | +42.17% | +26.88% | 61.34B | 71.09B | +15.89% | -6.89% | +3.1% | |
| Q2 FY2024 | 1.82 | 1.97 | +8.24% | +31.33% | 61.33B | 74.46B | +21.41% | -0.15% | -0.4% | |
| Q1 FY2024 | 1.87 | 2.38 | +27.27% | -14.39% | 82.04B | 72.48B | -11.65% | -16.65% | +1.6% | |
| Q4 FY2023 | 1.94 | 2.22 | +14.43% | -19.57% | 76.86B | 78.73B | +2.44% | -22.28% | +1.9% | |
| Q3 FY2023 | 1.85 | 1.86 | +0.54% | -27.91% | 83.74B | 76.35B | -8.83% | -20.26% | +4.8% | |
| Q2 FY2023 | 1.59 | 1.50 | -5.66% | -50.98% | 66.81B | 74.58B | +11.63% | -25.47% | -2.9% | |
| Q1 FY2023 | 2.30 | 2.78 | +20.87% | +16.81% | 77.96B | 86.96B | +11.54% | +3.27% | +1.4% | |
| Q4 FY2022 | 2.10 | 2.76 | +31.43% | +66.27% | 94.35B | 101.30B | +7.37% | +18.79% | -1.2% | |
| Q3 FY2022 | 2.68 | 2.58 | -3.73% | +143.40% | 71.85B | 95.75B | +33.26% | +59.46% | +5.1% | |
| Q2 FY2022 | 3.04 | 3.06 | +0.66% | +115.49% | 93.11B | 100.06B | +7.47% | +65.35% | +0.1% | |
| Q1 FY2022 | 2.12 | 2.38 | +12.26% | +190.24% | 81.46B | 84.20B | +3.37% | +51.27% | 0.0% | |
| Q4 FY2021 | 1.41 | 1.66 | +17.73% | +1,560.00% | 66.89B | 85.28B | +27.49% | +93.87% | +1.3% | |
| Q3 FY2021 | 1.45 | 1.06 | -26.90% | +341.67% | — | 60.04B | — | +36.40% | -5.1% | |
| Q2 FY2021 | 1.26 | 1.42 | +12.70% | +787.50% | — | 60.52B | — | +86.18% | +3.6% | |
| Q1 FY2021 | 0.79 | 0.82 | +3.80% | +10.81% | — | 55.67B | — | -7.27% | -1.1% | |
| Q4 FY2020 | 0.17 | 0.10 | -41.18% | -86.49% | — | 43.99B | — | -47.64% | -0.8% | |
| Q3 FY2020 | 0.02 | 0.24 | +1,126.37% | -79.66% | — | 44.02B | — | -49.16% | +6.6% | |
| Q2 FY2020 | -0.26 | 0.16 | +161.54% | -80.95% | — | 32.50B | — | -64.10% | -4.8% | |
| Q1 FY2020 | 0.57 | 0.74 | +29.82% | -43.08% | — | 60.03B | — | -28.31% | -12.8% | |
| Q4 FY2019 | 0.88 | 0.74 | -15.91% | -46.38% | — | 84.01B | — | -17.82% | -3.4% | |
| Q3 FY2019 | 1.04 | 1.18 | +13.46% | -11.94% | — | 86.59B | — | -13.54% | -3.5% | |
| Q2 FY2019 | 1.25 | 0.84 | -32.80% | -25.00% | — | 90.54B | — | -6.43% | -6.5% | |
| Q1 FY2019 | 1.05 | 1.30 | +23.81% | -1.52% | — | 83.74B | — | -6.16% | +1.6% | |
| Q4 FY2018 | 1.29 | 1.38 | +6.98% | +15.00% | — | 102.23B | — | +19.67% | +3.6% | |
| Q3 FY2018 | 1.50 | 1.34 | -10.67% | +35.35% | — | 100.15B | — | +32.07% | -0.1% | |
| Q2 FY2018 | 1.45 | 1.12 | -22.76% | +30.23% | — | 96.77B | — | +34.15% | -3.7% | |
| Q1 FY2018 | 1.25 | 1.32 | +5.60% | +43.48% | — | 89.24B | — | +24.29% | -1.2% | |
| Q4 FY2017 | 1.00 | 1.20 | +20.00% | +445.45% | — | 85.42B | — | +31.89% | -1.1% | |
| Q3 FY2017 | 0.84 | 0.99 | +17.86% | +45.59% | — | 75.83B | — | +22.59% | +1.9% | |
| Q2 FY2017 | 0.75 | 0.86 | +14.67% | +230.77% | — | 72.13B | — | +23.48% | +1.4% | |
| Q1 FY2017 | 0.75 | 0.92 | +22.67% | +119.05% | — | 71.80B | — | +47.87% | +0.8% | |
| Q4 FY2016 | 0.66 | 0.22 | -66.67% | -60.71% | — | 64.77B | — | +11.39% | +0.6% | |
| Q3 FY2016 | 0.44 | 0.68 | +54.55% | +23.64% | — | 61.86B | — | -9.97% | +4.7% | |
| Q2 FY2016 | 0.48 | 0.26 | -45.83% | -78.33% | — | 58.42B | — | -19.32% | -3.0% | |
| Q1 FY2016 | 0.25 | 0.42 | +68.00% | -58.82% | — | 48.55B | — | -26.10% | -2.5% | |
| Q4 FY2015 | 0.53 | 0.56 | +5.66% | -46.15% | — | 58.15B | — | -37.05% | +3.6% | |
| Q3 FY2015 | 0.75 | 0.55 | -26.67% | -70.11% | — | 68.71B | — | -36.30% | -0.9% | |
| Q2 FY2015 | 1.01 | 1.20 | +18.81% | -38.14% | — | 72.40B | — | -34.90% | +3.6% | |
| Q1 FY2015 | 0.55 | 1.02 | +85.45% | -56.41% | — | 65.71B | — | -40.08% | -0.1% | |
| Q4 FY2014 | 1.32 | 1.04 | -21.21% | +13.04% | — | 92.37B | — | -15.44% | -2.8% | |
| Q3 FY2014 | 1.78 | 1.84 | +3.37% | +29.58% | — | 107.85B | — | -7.43% | +0.0% | |
| Q2 FY2014 | 1.66 | 1.94 | +16.87% | +32.88% | — | 111.22B | — | -1.28% | +1.7% | |
| Q1 FY2014 | 1.58 | 2.34 | +48.10% | -1.68% | — | 109.66B | — | -2.79% | +2.9% | |
| Q4 FY2013 | 1.01 | 0.92 | -8.91% | -48.31% | — | 109.24B | — | -7.46% | +1.2% | |
| Q3 FY2013 | 1.65 | 1.42 | -13.94% | -32.06% | — | 116.51B | — | +3.92% | -4.4% | |
| Q2 FY2013 | 1.86 | 1.46 | -21.51% | -19.78% | — | 112.67B | — | -3.76% | -5.7% | |
| Q1 FY2013 | 2.02 | 2.38 | +17.82% | +1.71% | — | 112.81B | — | -5.93% | +1.1% | |
| Q4 FY2012 | 2.12 | 1.78 | -16.04% | +14.10% | — | 118.05B | — | +2.14% | -3.0% | |
| Q3 FY2012 | 1.99 | 2.09 | +5.03% | -6.70% | — | 112.12B | — | -9.15% | +2.2% | |
| Q2 FY2012 | 2.04 | 1.82 | -10.78% | -10.78% | — | 117.07B | — | -6.02% | -1.1% | |
| Q1 FY2012 | 2.26 | 2.34 | +3.54% | +14.71% | — | 119.92B | — | +6.82% | +3.8% | |
| Q4 FY2011 | 1.60 | 1.56 | -2.50% | -15.68% | — | 115.58B | — | +8.18% | -0.7% | |
| Q3 FY2011 | 2.08 | 2.24 | +7.69% | +96.49% | — | 123.41B | — | +34.54% | +1.3% | |
| Q2 FY2011 | 2.16 | 2.04 | -5.56% | +37.84% | — | 124.56B | — | +35.60% | +0.1% | |
| Q1 FY2011 | 1.90 | 2.04 | +7.37% | +27.50% | — | 112.26B | — | +27.53% | +1.0% | |
| Q4 FY2010 | 1.61 | 1.85 | +14.91% | +386.84% | — | 106.84B | — | +24.15% | -3.0% | |
| Q3 FY2010 | 1.44 | 1.14 | -20.83% | +16.33% | — | 91.73B | — | +21.09% | +2.8% | |
| Q2 FY2010 | 1.37 | 1.48 | +8.03% | +43.69% | — | 91.86B | — | +43.80% | +0.1% | |
| Q1 FY2010 | 1.29 | 1.60 | +24.03% | +64.95% | — | 88.03B | — | +51.19% | +2.5% | |
| Q4 FY2009 | 1.11 | 0.38 | -65.77% | -75.64% | — | 86.05B | — | +6.14% | -0.9% | |
| Q3 FY2009 | 0.96 | 0.98 | +2.08% | -72.32% | — | 75.76B | — | -42.42% | -0.7% | |
| Q2 FY2009 | 0.93 | 1.03 | +10.75% | -59.77% | — | 63.88B | — | -51.39% | +0.1% | |
| Q1 FY2009 | 1.08 | 0.97 | -10.19% | -61.51% | — | 58.22B | — | -49.06% | +1.5% | |
| Q4 FY2008 | 1.72 | 1.56 | -9.30% | -14.75% | — | 81.07B | — | -24.02% | +0.5% | |
| Q3 FY2008 | 2.65 | 3.54 | +33.58% | +81.54% | — | 131.57B | — | +45.05% | -3.1% | |
| Q2 FY2008 | 2.87 | 2.56 | -10.80% | +16.89% | — | 131.42B | — | +54.80% | -3.9% | |
| Q1 FY2008 | 2.12 | 2.52 | +18.87% | +21.15% | — | 114.30B | — | +55.56% | +4.5% | |
| Q4 FY2007 | 2.11 | 1.83 | -13.27% | +5.78% | — | 106.70B | — | +41.33% | +0.6% | |
| Q3 FY2007 | 1.96 | 1.95 | -0.51% | -11.36% | — | 90.70B | — | +7.65% | -0.3% | |
| Q2 FY2007 | 2.23 | 2.19 | -1.79% | +8.42% | — | 84.90B | — | +2.13% | -2.0% | |
| Q1 FY2007 | 1.66 | 2.08 | +25.30% | +13.66% | — | 73.48B | — | -3.27% | +1.1% | |
| Q4 FY2006 | 1.67 | 1.73 | +3.59% | +6.13% | — | 75.50B | — | +0.01% | +1.8% | |
| Q3 FY2006 | 1.85 | 2.20 | +18.92% | +27.17% | — | 84.25B | — | +10.23% | +2.7% | |
| Q2 FY2006 | 1.92 | 2.02 | +5.21% | +32.03% | — | 83.13B | — | +0.58% | +1.5% | |
| Q1 FY2006 | 1.65 | 1.83 | +10.91% | +15.82% | — | 75.96B | — | +5.28% | +0.3% | |
| Q4 FY2005 | 1.72 | 1.63 | -5.23% | +17.27% | — | 75.50B | — | -1.06% | -1.6% | |
| Q3 FY2005 | 1.63 | 1.73 | +6.13% | +28.15% | — | 76.44B | — | +8.13% | +1.9% | |
| Q2 FY2005 | 1.58 | 1.53 | -3.16% | +22.40% | — | 82.64B | — | — | -0.6% | |
| Q1 FY2005 | 1.39 | 1.58 | +13.67% | +41.07% | — | 72.16B | — | — | -0.1% | |
| Q4 FY2004 | 1.42 | 1.39 | -2.11% | +69.51% | — | 76.30B | — | — | -1.2% | |
| Q3 FY2004 | 1.24 | 1.35 | +8.87% | +80.00% | — | 70.69B | — | — | -0.5% | |
| Q2 FY2004 | 1.20 | 1.25 | +4.17% | +30.21% | — | — | — | — | -0.4% | |
| Q1 FY2004 | 1.04 | 1.12 | +7.69% | -0.88% | — | — | — | — | +1.8% | |
| Q4 FY2003 | 0.81 | 0.82 | +1.23% | +2.50% | — | — | — | — | -1.0% | |
| Q3 FY2003 | 0.92 | 0.75 | -18.48% | +17.19% | — | — | — | — | -2.1% | |
| Q2 FY2003 | 0.87 | 0.96 | +10.34% | +52.38% | — | — | — | — | -1.1% | |
| Q1 FY2003 | 1.05 | 1.13 | +7.62% | +98.25% | — | — | — | — | +2.4% | |
| Q4 FY2002 | 0.81 | 0.80 | -1.23% | +45.45% | — | — | — | — | -3.5% | |
| Q3 FY2002 | 0.68 | 0.64 | -5.88% | -15.79% | — | — | — | — | +2.6% | |
| Q2 FY2002 | 0.72 | 0.63 | -12.50% | -37.00% | — | — | — | — | -7.6% | |
| Q1 FY2002 | 0.55 | 0.57 | +3.64% | -47.22% | — | — | — | — | +0.7% | |
| Q4 FY2001 | 0.59 | 0.55 | -6.78% | -45.00% | — | — | — | — | -0.0% | |
| Q3 FY2001 | 0.80 | 0.76 | -5.00% | -11.63% | — | — | — | — | +2.7% | |
| Q2 FY2001 | 0.96 | 1.00 | +4.17% | +13.64% | — | — | — | — | +0.4% | |
| Q1 FY2001 | 0.93 | 1.08 | +16.13% | +22.73% | — | — | — | — | -1.5% | |
| Q4 FY2000 | 0.96 | 1.00 | +4.17% | +58.73% | — | — | — | — | +0.2% | |
| Q3 FY2000 | 0.85 | 0.86 | +1.18% | +68.63% | — | — | — | — | +2.1% | |
| Q2 FY2000 | 0.88 | 0.88 | 0.00% | +87.23% | — | — | — | — | +1.6% | |
| Q1 FY2000 | 0.77 | 0.88 | +14.29% | +120.00% | — | — | — | — | +0.7% | |
| Q4 FY1999 | 0.59 | 0.63 | +6.78% | +133.33% | — | — | — | — | +5.1% | |
| Q3 FY1999 | 0.52 | 0.51 | -1.92% | +104.00% | — | — | — | — | -2.4% | |
| Q2 FY1999 | 0.43 | 0.47 | +9.30% | +11.90% | — | — | — | — | +0.7% | |
| Q1 FY1999 | 0.32 | 0.40 | +25.00% | -27.27% | — | — | — | — | +0.5% | |
| Q4 FY1998 | 0.31 | 0.27 | -12.90% | -50.91% | — | — | — | — | -2.1% | |
| Q3 FY1998 | 0.37 | 0.25 | -32.43% | -56.90% | — | — | — | — | -3.3% | |
| Q2 FY1998 | 0.51 | 0.42 | -17.65% | -17.65% | — | — | — | — | -3.1% | |
| Q1 FY1998 | 0.49 | 0.55 | +12.24% | -19.12% | — | — | — | — | +1.6% | |
| Q4 FY1997 | 0.63 | 0.55 | -12.70% | -25.68% | — | — | — | — | -1.6% | |
| Q3 FY1997 | 0.57 | 0.58 | +1.75% | +1.75% | — | — | — | — | +0.4% | |
| Q2 FY1997 | 0.62 | 0.51 | -17.74% | -5.56% | — | — | — | — | -2.5% | |
| Q1 FY1997 | 0.66 | 0.68 | +3.03% | +19.30% | — | — | — | — | -1.0% | |
| Q4 FY1996 | 0.62 | 0.74 | +19.35% | +100.00% | — | — | — | — | -1.4% | |
| Q3 FY1996 | 0.54 | 0.57 | +5.56% | +16.33% | — | — | — | — | -2.0% | |
| Q2 FY1996 | 0.58 | 0.54 | -6.90% | -11.48% | — | — | — | — | -0.1% | |
| Q1 FY1996 | 0.51 | 0.57 | +11.76% | -5.00% | — | — | — | — | -0.4% | |
| Q4 FY1995 | 0.51 | 0.37 | -27.45% | -22.92% | — | — | — | — | +1.3% | |
| Q3 FY1995 | 0.48 | 0.49 | +2.08% | +22.50% | — | — | — | — | 0.0% | |
| Q2 FY1995 | 0.54 | 0.61 | +12.96% | +74.29% | — | — | — | — | -1.3% | |
| Q1 FY1995 | 0.50 | 0.60 | +20.00% | +42.86% | — | — | — | — | -1.4% | |
| Q4 FY1994 | 0.47 | 0.48 | +2.13% | +54.84% | — | — | — | — | -0.9% | |
| Q3 FY1994 | 0.40 | 0.40 | 0.00% | +5.26% | — | — | — | — | +0.5% | |
| Q2 FY1994 | 0.36 | 0.35 | -2.78% | +34.62% | — | — | — | — | -0.4% | |
| Q1 FY1994 | 0.38 | 0.42 | +10.53% | +2.44% | — | — | — | — | 0.0% | |
| Q4 FY1993 | 0.43 | 0.31 | -27.91% | — | — | — | — | — | +1.3% | |
| Q3 FY1993 | 0.36 | 0.38 | +5.56% | — | — | — | — | — | +1.2% | |
| Q2 FY1993 | 0.36 | 0.26 | -27.78% | — | — | — | — | — | 0.0% | |
| Q1 FY1993 | 0.35 | 0.43 | +22.86% | — | — | — | — | — | -2.7% | |
| Q1 FY1993 | 0.37 | 0.41 | +10.81% | — | — | — | — | — | -0.5% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 9.63 | — | — | -13.65% | 306.47B | — | — | -7.42% |
| FY2027 | 11.15 | — | — | -13.82% | 331.05B | — | — | -6.46% |
| FY2026 | 12.94 | — | — | +106.73% | 353.93B | — | — | +32.82% |
| FY2025 | 6.38 | 6.26 | -1.88% | -20.86% | 270.82B | 266.48B | -1.61% | -6.27% |
| FY2024 | 7.68 | 7.91 | +3.03% | -5.38% | 301.32B | 284.31B | -5.64% | -10.20% |
| FY2023 | 7.98 | 8.36 | +4.74% | -22.45% | 330.93B | 316.62B | -4.32% | -16.97% |
| FY2022 | 10.29 | 10.78 | +4.79% | +117.34% | 388.38B | 381.32B | -1.82% | +45.82% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
A lower share of cash returned through dividends and buybacks could disappoint shareholders.
On average, analysts' EPS estimate was 17.9% off the result, either way, and their revenue estimate 7.1%, over the last 12 quarters.
See also:Forecast,EPS,Income statement
Source: Financial Modeling Prep
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