What happened to Shell stock today?

Shell warned that Q4 trading will be significantly weaker and its chemicals and products unit will post a loss. That raised concerns about near-term earnings quality and pressure on cash returns. Shares slipped on the update, and investors now await February results for clarity on margins, trading performance, and buyback pacing.

Is Shell’s $3.5 billion buyback at risk?

Management kept the program in place, but weaker trading and a chemicals loss could affect pacing. Investors will look for a clear update in February, including free cash flow coverage and net debt levels. If cash generation stabilizes, the buyback can continue as planned. If not, timing may slow temporarily.

How do the technicals look for Shell stock?

Momentum is soft. RSI is 36.68 and CCI is -209.64, both near oversold territory. ADX at 15.06 shows no strong trend. Price is oscillating around Bollinger mid 72.63, with resistance near 75.13. Traders may want volume confirmation before expecting a rebound toward the upper band.

What should German investors watch next?

Focus on the 5 February earnings release. Track chemicals margins, refining cracks, and trading updates. Watch for guidance on buyback cadence and dividend policy. Macro drivers matter too, especially Brent and LNG prices, European gas storage, and demand trends that influence downstream profitability and sentiment on Shell stock.

Global Market Insights

SHEL Stock Today: January 9 – Shell Flags Weak Trading, Chemicals Loss

ByHuzaifa Zahoor January 10, 2026

Shell stock is in focus after management warned of weak trading performance and a loss in its chemicals and products unit for Q4. For investors in Germany tracking SHEL, the update raises questions about near-term earnings quality and the pace of the $3.5 billion buyback ahead of February results. Softer crude and petrochemical margins add uncertainty. We break down what this means for cash returns, valuation, technicals, and the key catalysts that could reset sentiment on Shell stock in the coming weeks.