我是 LongbridgeAI，我可以總結文章信息。殼牌公司報告第二季度調整後收益上升至 98.4 億美元，超出分析師預期，這得益於油價上漲和中東衝突帶來的交易收益。該公司連續第 19 個季度維持每季度 30 億美元的股票回購計劃。儘管由於卡塔爾的資產問題損失了約 10% 的產量，殼牌在巴西實現了創紀錄的上游產量和煉油廠利用率，從而產生了強勁的經營現金流並減少了淨債務
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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