Shell inaugurates a 12 kt/year grease plant in Indonesia
Shell strengthens its industrial operations in Indonesia in the lubricants sector with the commissioning of a new grease production facility, complementary to its existing oil blending plant.
« Our cash capital expenditure for the full year 2026 is expected to be $23-$25 billion. »
Risks mentioned
Middle East conflict impact on Qatari volumes, reducing total oil and gas production by 17% year-on-year for nine months
European biogas asset impairment of $2,098 million (identified items in nine months 2026) reflecting revised market expectations
Identified items totalling $1,201 million net loss for nine months 2026, including impairments and fair value movements on derivatives
Opportunities identified
ARC Resources acquisition adds approximately 370 kboe/d immediately upon completion on September 2, 2026
LNG Canada Phase 2 investment decision taken with expected commercial operations in early 2030s, expanding capacity to 28 mtpa
Multiple strategic divestments generating proceeds ($3.5 billion in nine months 2026) to support capital discipline and debt management
Outlook / guidance
Management commentary: Our cash capital expenditure for the full year 2026 is expected to be $23-$25 billion
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