{
  "id": 16990051,
  "title": "Shell stock rises on stronger refining margins, LNG pricing",
  "url": "https://urgent.news/2026/10/29/shell-stock-rises-on-stronger-refining-margins-lng-pricing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T01:47:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/shell-stock-rises-on-stronger-refining-margins-lng-pricing-93CH-4981329"
  },
  "original_language": "en",
  "account": "Shell is anticipated to report improved earnings for the third quarter, with higher refining margins and stronger liquefied natural gas (LNG) pricing playing a key role. Analyst Jefferies projects adjusted earnings of $10.24 billion, a 4% increase from the previous quarter and 7% above the consensus estimate of $9.60 billion. Mizuho Securities forecasts an even higher adjusted earnings per share of $3.55, surpassing the consensus estimate of $3.16. Additionally, Shell's earnings before interest, taxes, depreciation, amortisation and exploration expenses are expected to reach $21.83 billion, 5% higher than anticipated. The company's refining margin is projected to improve significantly to $42 per barrel, up from $24 per barrel in the second quarter. Refinery utilisation is expected to remain robust between 93% and 97%. The acquisition of ARC Resources, completed on September 2, is anticipated to further boost upstream net operating income, although the chemicals segment may return to a loss due to deteriorating margins. Despite weaker oil prices, Shell maintains a Buy rating with a price target of 4,500 pence from Jefferies and a Neutral rating with an upgraded target of $103 from Mizuho, citing an optimistic outlook for refining margins. The stock is currently trading at $105.19, with an attractive P/E ratio of 11.73 and a low PEG ratio of 0.11, indicating potential for growth. Shell is set to announce its third-quarter results today, and the company has recently strengthened its position through strategic acquisitions and partnerships, including the acquisition of ARC Resources and a deal with BP to acquire exploration assets in Brazil and the Gulf of America.",
  "summary": null,
  "key_points": [
    "Shell's refining margins expected to rise to $42 per barrel",
    "LNG pricing strengthening positively impacts earnings",
    "Strategic acquisition of ARC Resources boosts upstream net income"
  ],
  "editors_take": "Stronger refining margins and liquefied natural gas pricing are offsetting weaker oil prices to drive higher projected earnings and reinforce the company's growth potential through strategic upstream acquisitions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}