Shell Q2 profit more than doubles on LNG trading strength
Shell has reported adjusted earnings of $10.8 billion for Q2-2026, more than double the $3.6 billion posted a year earlier, as surging LNG and oil trading profits offset a sharp production decline caused by conflict-related disruptions in Qatar.
Total expects higher Q2 profit, except for LNG
French oil major TotalEnergies expects all its division to post higher second quarter profits, except LNG, where earnings will fall sharply, with the company blaming “an underperformance in gas trading in a broadly flat to declining European [gas] market.” JP Morgan analysts noted TotalEnergies’ rivals in the UK fared better on LNG trading, indicating Total management might decide to increase its share buyback to $2 billion, from the earlier announced $1.5 billion.
Shell raises outlook for LNG volumes, flags strong trading
Shell has raised its second-quarter guidance for integrated gas production and LNG liquefaction volumes, while flagging stronger trading performance, as heightened market volatility linked to Middle East tensions supports earnings.
