$SHEL (+1,65%)

⠀

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Adjusted earnings: $9.84B vs. $6.92B QoQ and $4.26B YoY

• Adjusted EPS: $1.76 vs. $1.22 QoQ and $0.72 YoY

• Adjusted EBITDA: $20.71B vs. $17.74B QoQ

• Operating cash flow: $21.43B

• Free cash flow: $17.52B

• Income attributable to shareholders: $10.82B

⠀

💰 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐑𝐞𝐭𝐮𝐫𝐧𝐬

• Q2 shareholder distributions: $5.2B

• Share buybacks completed: $3.0B

• Cash dividends paid: $2.2B

• Dividend declared: $0.3906 per share

• New buyback programme: $4.2B, including $3.0B of new repurchases and $1.2B carried over

⠀

📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Higher realised prices, LNG trading, refining, chemicals and oil-products optimisation supported earnings

• Net debt fell to $41.8B from $52.6B QoQ, while gearing declined to 18.7% from 23.2%

• Shell has delivered $5.8B of structural cost reductions since 2022, including $0.7B in H1 2026

• Production declined to 2.46M boe/d, partly reflecting the impact of the Middle East conflict on Qatari volumes

⠀

💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐅𝐨𝐜𝐮𝐬

Shell continues to prioritize performance, capital discipline and portfolio simplification while maintaining substantial shareholder distributions.

I had 15 shares of $JNJ (-4,02%) , but now I own 10.

I have a lot of confidence in JNJ for stable dividends, but I was up 73% and had set myself a target of taking some profit at 70%.

It feels to get realist profits.

I also have more cash on the sidelines until the end of the month. After three months of vacation with no income, I felt uneasy having no cash available. Now I feel more comfortable again, that’s why I’m investing!

I am looking for more energy stock like $TTE (-0,38%)
$SHEL (+1,65%)
$NEE (-1,24%) . All the AI needs energy !

Are there any energy companies you would recommend?

Cheers,

Daan

€10k added since September, with half of that invested from my own money. I’m honestly surprised by how much these “boring,” stable dividend stocks have appreciated. €2.5k in just one month!

On top of that, I’m currently receiving an average of €28 in dividends every week. That adds up nicely over time.

I did find it difficult to keep buying at all-time highs, but I still do. I have confidence in the long-term future of these companies, I know I can’t control what the market does, and I believe I’ll still earn a better return than leaving my money in the bank.

That said, I do need to build up my cash position again. I’ve been considering selling 3 of my 15 Johnson & Johnson shares, as they’re currently up 60%

What should you do in my position?$JNJ (-4,02%)
$VHYL (+1,26%)
$TDIV (+1,13%)
$O (-2,32%)
$VPK (+7%)
$SHEL (+1,65%)
$ULVR (-1,91%)

$BAYN (+1,83%)
$LDO (+0,98%)
$FCT (+2,69%)
$VOW (+0,52%)
$SAN (-7,17%)
$VWRL (+1,93%)
$ENI (+2,31%)
$SHEL (+1,65%)
$KO (-1,62%)
$ISP (+1,52%)
$INTC (+14,68%)
$SL (+3,05%)
$GOOGL (-0,22%) .

SOLD

$ASML (+6,1%) Sold for 1668€ 1x

BUY

$JEGP (+0%) Buy for 22,025€ 10×

$TDIV (+1,13%) Buy for 52,30€ 5x

$ALFEN (+3,48%) Buy for 14,98€ 15x

$SSLN (+1,95%) Buy for 57,60€ 5x

$SHEL (+1,65%) Buy for 35,96€ 10x

$ALTBG (+2,16%) Buy for 0,49€ 150x

April update

A smooth month, where the first big dividend boats land on shore

Bought:

$VLK (+1,52%)

$KPN (+0,06%)

$VPK (+7%)

$SHEL (+1,65%)

$WINC (-0.28%)

$JEPQ (+3,31%)

$JEGP (+0%)

Sold:

$CVC (+1,25%)

$FUR (-0.57%)

Dividends received this month: €99,69

Dividends per month average: €55,83

For those interested, check out my new passive income monitor app:

https://play.google.com/store/apps/details?id=com.swart.passiveinkomen&hl=nl