Shell has announced its Q3 2025 results.
Shell Chief Executive Officer, Wael Sawan said:
'Shell delivered another strong set of results, with clear progress across our portfolio and excellent performance in our Marketing business and deepwater assets in the Gulf of America and Brazil. Despite continued volatility, our strong delivery this quarter enables us to commence another $3.5 billion of buybacks for the next three months.'
OPERATIONAL PERFORMANCE DRIVING ANOTHER STRONG SET OF RESULTS
- Adjusted Earnings(1) of $5.4 billion and CFFO of $12.2 billion, supported by strong operational performance and higher trading and optimisation contributions than in Q2 2025.
- Strong operational performance driven by record production in Brazil and 20-year highs in the Gulf of America. Marketing delivered its second-highest quarterly Adjusted Earnings in over a decade.
- Commencing another $3.5 billion share buyback programme for the next three months; the 16th consecutive quarter of at least $3 billion in buybacks.
- Resilient balance sheet with net debt decreasing to $41.2 billion ($12.6 billion excluding leases).
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Source: Shell
