5 Best Commodity Stocks to Buy for the Supercycle

3. Shell plc (NYSE:SHEL)

Number of Hedge Fund Holders: 43

Shell plc (NYSE:SHEL) is one of the best commodity stocks to buy for the supercycle. Berenberg cut the price target on Shell plc (NYSE:SHEL) to EUR 46 from EUR 47 on May 12, maintaining a Buy rating on the shares. The rating update came after the company announced financial results for fiscal Q1 2026, reporting that adjusted earnings for the quarter reached $6.9 billion, reflecting solid business performance. CFFO excluding working capital was $17.2 billion for the quarter, with a working capital outflow of $11.2 billion in the quarter, which reflects the impact of unprecedented volatility in commodity prices.

The company’s cash capex outlook for 2026 is in the $24 – $26 billion range, which includes ~$4 billion for the ARC acquisition. Shell plc’s (NYSE:SHEL) 2027 – 2028 outlook remains unchanged at $20 – $22 billion, adding that the ARC Resources acquisition is expected to add 370 kboe/d, leading to a 4% production CAGR through to 2030 (from 2025). Shell plc (NYSE:SHEL) is also commencing a $3.0 billion share buyback program for the next 3 months, along with a 5% increase in the dividend to $0.3906.

Headquartered in London, Shell plc (NYSE:SHEL) produces oil and natural gas. The company’s operations are divided into the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate.

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