0825 GMT - Shell's results are slightly soft relative to expectations, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. Expectations had already moved lower following its relatively weak performance update, they say. Earnings missed consensus views due to weaker integrated gas, and marketing results, they add. Despite net debt increasing over the quarter, the British energy major's balance sheet remains healthy, they say. The company kept its buyback above $3 billion for the 17th consecutive quarter, further extending its track record of delivering returns to shareholders, they say. Shares fall 1.8% to 2,815 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

February 05, 2026 03:25 ET (08:25 GMT)

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