我是 LongbridgeAI，我可以总结文章信息。壳牌公司报告第二季度调整后收益上升至 98.4 亿美元，超出分析师预期，这得益于油价上涨和中东冲突带来的交易收益。该公司连续第 19 个季度维持每季度 30 亿美元的股票回购计划。尽管由于卡塔尔的资产问题损失了约 10% 的产量，壳牌在巴西实现了创纪录的上游产量和炼油厂利用率，从而产生了强劲的经营现金流并减少了净债务
By Adam Whittaker
Shell's earnings continued to rise, aided by a strong trading performance and higher prices stemming from the conflict in the Middle East, enabling the energy major to maintain its quarterly buyback.
The British energy giant's second-quarter adjusted earnings--a closely watched metric that strips out certain commodity price adjustments and one-time charges--rose to $9.84 billion from the $6.915 billion it reported for the preceding quarter. Analysts had expected $8.92 billion, according to estimates compiled by Vara Research.
The $3 billion buyback matches its May tranche, when it scaled back from $3.5 billion, and marks the 19th consecutive quarter of at least $3 billion in repurchases.
Shell said its earnings reflect record upstream production in Brazil and record refinery utilization. Higher margins pushed adjusted earnings in its chemicals division to their highest level since the third quarter of 2021.
The conflict in the Middle East has given oil majors an unexpected earnings windfall.
Trading desks have benefited from Iran's closure of the Strait of Hormuz--the vital waterway on the Persian Gulf through which a fifth of the world's oil and gas typically flows. Upstream units, which extract oil and gas, are posting bumper profits on higher prices after customers scrambled to replace the supply stuck in the Gulf. Now, those able to refine crude oil into diesel, jet fuel, and petrochemicals are benefiting from margins at record levels.
Over the second quarter, Shell delivered $21.4 billion in operating cash flow and cut net debt to $42 billion from $52.6 billion at the end of the first quarter.
The conflict has seen Shell lose roughly 10% of its total production due to damaged or shut-down assets in Qatar, where it owns the Pearl gas-to-liquids plant and has a 30% stake in a QatarEnergy LNG facility.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
July 30, 2026 02:50 ET (06:50 GMT)
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