{"id":105946,"date":"2025-10-30T12:14:07","date_gmt":"2025-10-30T12:14:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/105946\/"},"modified":"2025-10-30T12:14:07","modified_gmt":"2025-10-30T12:14:07","slug":"shells-profits-surpass-43bn-after-production-hits-new-highs-in-brazil-and-gulf-of-mexico-shell","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/105946\/","title":{"rendered":"Shell\u2019s profits surpass $43bn after production hits new highs in Brazil and Gulf of Mexico | Shell"},"content":{"rendered":"

Profits at Shell<\/a> have climbed to more than $43bn for the year so far after fossil fuel production in the Gulf of Mexico reached a 20-year high and production in Brazil set a new record.<\/p>\n

The oil company reported better than expected earnings of $5.4bn for the third quarter, a 27% increase on the $4.3bn in the previous three-month period<\/a> \u2013 but lower than the $6bn recorded over the same period a year earlier.<\/p>\n

The energy company plans to buy back shares from its investors for the 16th consecutive quarter.<\/p>\n

The FTSE 100 company is on track to report lower annual profits this year compared with 2024 due to lower oil and gas prices in the global market, but the company claimed to have \u201cone of the strongest balance sheets in the industry\u201d.<\/p>\n

Wael Sawan, Shell\u2019s chief executive, said: \u201cShell 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.<\/p>\n

\u201cDespite continued volatility, our strong delivery this quarter enables us to commence another $3.5bn of buybacks for the next three months.\u201d<\/p>\n

The company\u2019s London headquarters were targeted in protests this week after activists from Fossil Free London staged an early Halloween campaign against the company\u2019s \u201chorror show\u201d profits.<\/p>\n

Robin Wells, the director of Fossil Free London, said: \u201cEach quarter, Shell\u2019s inordinate profits are announced, with no acknowledgment of the exploitation and destruction of communities across the world that enables this greed. We\u2019re here today to say that Shell\u2019s profits are a horror show. And that when it comes to big oil, it\u2019s always trick or trick.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Profits at Shell have climbed to more than $43bn for the year so far after fossil fuel production…\n","protected":false},"author":2,"featured_media":105947,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[242,85,46,141],"class_list":["post-105946","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-environment","tag-il","tag-israel","tag-science"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/105946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=105946"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/105946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/105947"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=105946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=105946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=105946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}