Earnings Feb 05: Shell plc (SHELL.AS EURONEXT) stock preview and key drivers

The upcoming Shell plc (SHELL.AS) earnings on 05 Feb 2026 will be the center of attention for Europe energy desks today. We expect the report to test margins and cash flow after recent commodity moves; the market currently prices SHELL.AS stock at €31.87 as of this intraday session. Key items to watch are downstream refining margins, LNG trading results, and guidance on buybacks and dividends. Traders should note Shell reports after market close on 05 Feb 2026, and volatility around the release is likely.