Shell Chemical Business Set to Swing to a Loss in Q4

Shell Chemical Business Set to Swing to a Loss in Q4

Shell expects its chemicals and products division to swing to a loss in the fourth quarter of 2025, on the back of lower chemicals margin compared to the previous quarter, the UK-based supermajor said in a quarterly trading update on Thursday.  Adjusted earnings at the chemicals and product segment are expected to be below break-even for the fourth quarter, said Shell, which is set to report full quarterly and annual earnings on February 5, 2026…

Shell fourth quarter 2025 update note

The following is an update to the fourth quarter 2025 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2025 results and are subject to finalisation of…

Shell fourth quarter 2025 update note - Shell (NYSE:SHEL)

The following is an update to the fourth quarter 2025 outlook and gives an overview of our current expectations for the fourth quarter. Outlooks presented may vary from the actual fourth quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on February 5, 2026. Unless otherwise indicated, all outlook statements exclude identified items.  See appendix for the definition of the non-GAAP measure …

Shell expects Q4 impact from emissions costs and chemicals losses

Shell's Q4 2025 update points to chemicals & products below break-even, a ~$1.5B emissions certificate outflow and ~$1.2B German tax payment.