Earnings call briefThird-quarter 2026
Shell now expects 2026 cash capex of $23 billion to $25 billion
Shell also announced a further $5 billion share buyback, which it expects to complete by the time of its Q4 results announcement.
GetSignal Shell SHEL
Shell said on its third-quarter call that its 2026 cash capital expenditure range is now $23 billion to $25 billion, including some $4 billion for the acquisition of ARC Resources.
Chief Financial Officer Sinead Gorman said the range was brought down by roughly $1 billion, largely through timing and phasing, and that Shell still believes it will absorb ARC into its existing capex guidance.
Quotes from the call
“Our cash CapEx range for 2026 is now between $23 billion and $25 billion, which includes some $4 billion for the acquisition of ARC Resources.”
“Today, we have announced a further $5 billion share buyback program, which we expect to complete by the time of our Q4 results announcement.”
Key facts from the call
- Expected 2026 cash capex range
- $23 billion to $25 billion
- Share of range for ARC Resources acquisition
- some $4 billion
- Further share buyback
- $5 billion
- Buyback expected completion
- By the time of the Q4 results announcement
Source: Shell's third-quarter 2026 earnings call, October 29, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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