Shell (SHEL) Stock Forecast & Price Target

Shell
Bull Case

Here are some ways that investors could benefit from investing in Shell:

• Shell recently approved a C$33 billion expansion for LNG Canada Phase 2, which will double the facility's production capacity to 28 million metric tons per annum, positioning the company to capitalize on growing gas demand in Asia and secure its status as a leading global LNG exporter.
• The company demonstrated strong financial resilience in the second quarter of 2026 by reporting adjusted earnings of $9.8 billion, driven by record refinery utilization and upstream production in Brazil, while also generating $21.4 billion in cash flow and reducing net debt from $52.6 billion to $41.75 billion.
• Shell has maintained a consistent capital return strategy, marking the 19th consecutive quarter of share repurchases of at least $3 billion, which supports shareholder value through steady buybacks backed by robust cash generation and balance sheet strength.
• With a current stock price of $97.67, the stock trades at a P/E ratio of 10.78 and offers a dividend yield of 3.27%, providing an attractive valuation and income stream for investors seeking stability in the energy sector.
• Shell is expanding its low-carbon footprint by securing a new carbon capture and storage deal through the Northern Lights joint venture with Equinor and TotalEnergies, adding a Swedish customer to expand cross-border CO2 transport and storage across Europe.