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Oil giant Shell beats profit expectations despite weaker crude prices

Shell's adjusted earnings of $5.4 billion exceeded expectations as higher sales volumes, trading margins, and tax benefits offset weaker crude prices in Q3 2025.

  • On Thursday, British oil major Shell reported adjusted earnings of $5.4 billion for the quarter, beating analyst expectations of $5.05 billion.
  • Weaker crude prices forced British oil major Shell's third-quarter profit below six billion from last year, though it rose 27% on the previous quarter, the firm said.
  • Operationally, increased volumes helped, and a $161 million benefit from favourable tax write-offs supported profits, offset by depreciation, depletion, and amortisation expenses.
  • The group said it would hand a further 3.5 billion US dollars back to shareholders and Shell will commence buybacks for the next three months; its London-listed share price has climbed more than 16% year-to-date.
  • U.S. oil giants Exxon Mobil and Chevron are scheduled to report third-quarter results on Friday, with Britain's BP set to follow on Tuesday after Norway's Equinor posted $6.21 billion on Wednesday.
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The Killeen Daily HeraldThe Killeen Daily Herald
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Shell's net profit jumps despite lower oil prices

British oil and gas giant Shell on Thursday said its net profit rose 24 percent in the third quarter as trading margins and sales volumes improved, despite falling oil prices.

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The Hamilton Spectator broke the news in Hamilton, Canada on Thursday, October 30, 2025.
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