diff --git a/libs/core/langchain_core/callbacks/manager.py b/libs/core/langchain_core/callbacks/manager.py
index 56fc1bb67ba..2a74e42d9b2 100644
--- a/libs/core/langchain_core/callbacks/manager.py
+++ b/libs/core/langchain_core/callbacks/manager.py
@@ -238,7 +238,24 @@ def shielded(func: Func) -> Func:
 
     @functools.wraps(func)
     async def wrapped(*args: Any, **kwargs: Any) -> Any:
-        return await asyncio.shield(func(*args, **kwargs))
+        # Capture the current context to preserve context variables
+        ctx = copy_context()
+
+        # Create the coroutine
+        coro = func(*args, **kwargs)
+
+        # For Python 3.11+, create task with explicit context
+        # For older versions, fallback to original behavior
+        try:
+            # Create a task with the captured context to preserve context variables
+            task = asyncio.create_task(coro, context=ctx)  # type: ignore[call-arg, unused-ignore]
+            # `call-arg` used to not fail 3.9 or 3.10 tests
+            return await asyncio.shield(task)
+        except TypeError:
+            # Python < 3.11 fallback - create task normally then shield
+            # This won't preserve context perfectly but is better than nothing
+            task = asyncio.create_task(coro)
+            return await asyncio.shield(task)
 
     return cast("Func", wrapped)
 
diff --git a/libs/core/tests/unit_tests/callbacks/test_async_callback_manager.py b/libs/core/tests/unit_tests/callbacks/test_async_callback_manager.py
index 5ae0d316e6c..65b60f13faa 100644
--- a/libs/core/tests/unit_tests/callbacks/test_async_callback_manager.py
+++ b/libs/core/tests/unit_tests/callbacks/test_async_callback_manager.py
@@ -148,4 +148,65 @@ async def test_inline_handlers_share_parent_context_multiple() -> None:
             2,
             3,
             3,
-        ], f"Expected order of states was broken due to context loss. Got {states}"
+        ]
+
+
+async def test_shielded_callback_context_preservation() -> None:
+    """Verify that shielded callbacks preserve context variables.
+
+    This test specifically addresses the issue where async callbacks decorated
+    with @shielded do not properly preserve context variables, breaking
+    instrumentation and other context-dependent functionality.
+
+    The issue manifests in callbacks that use the @shielded decorator:
+    * on_llm_end
+    * on_llm_error
+    * on_chain_end
+    * on_chain_error
+    * And other shielded callback methods
+    """
+    context_var: contextvars.ContextVar[str] = contextvars.ContextVar("test_context")
+
+    class ContextTestHandler(AsyncCallbackHandler):
+        """Handler that reads context variables in shielded callbacks."""
+
+        def __init__(self) -> None:
+            self.run_inline = False
+            self.context_values: list[str] = []
+
+        @override
+        async def on_llm_end(self, response: Any, **kwargs: Any) -> None:
+            """This method is decorated with @shielded in the run manager."""
+            # This should preserve the context variable value
+            self.context_values.append(context_var.get("not_found"))
+
+        @override
+        async def on_chain_end(self, outputs: Any, **kwargs: Any) -> None:
+            """This method is decorated with @shielded in the run manager."""
+            # This should preserve the context variable value
+            self.context_values.append(context_var.get("not_found"))
+
+    # Set up the test context
+    context_var.set("test_value")
+    handler = ContextTestHandler()
+    manager = AsyncCallbackManager(handlers=[handler])
+
+    # Create run managers that have the shielded methods
+    llm_managers = await manager.on_llm_start({}, ["test prompt"])
+    llm_run_manager = llm_managers[0]
+
+    chain_run_manager = await manager.on_chain_start({}, {"test": "input"})
+
+    # Test LLM end callback (which is shielded)
+    await llm_run_manager.on_llm_end({"response": "test"})  # type: ignore[arg-type]
+
+    # Test Chain end callback (which is shielded)
+    await chain_run_manager.on_chain_end({"output": "test"})
+
+    # The context should be preserved in shielded callbacks
+    # This was the main issue - shielded decorators were not preserving context
+    assert handler.context_values == ["test_value", "test_value"], (
+        f"Expected context values ['test_value', 'test_value'], "
+        f"but got {handler.context_values}. "
+        f"This indicates the shielded decorator is not preserving context variables."
+    )