Shell signals energy trading rebound in boost for profit.

By Jerry  Published On October 7, 2025

Shell plc said the performance of its oil and gas trading operation recovered, after struggling with geopolitical volatility in the second quarter.

The division’s performance was “significantly higher” for gas and “higher” for oil in the third quarter, the company said on Tuesday in a statement ahead of earnings results later this month.

It’s a bounce back for a business that’s often one of Shell’s biggest profit boosters. Chief executive officer Wael Sawan had linked the previous quarter’s “significantly lower” trading earnings to volatility that was driven more by geopolitics than by supply and demand fundamentals, leading Shell to dial back risk.

For most of the third quarter, Brent crude futures traded within a narrow band between US$65 (RM273.97) and US$70 a barrel.

Shell also wrote down US$600 million from a Dutch biofuels plant that it recently shelved, totalling US$1.4 billion of impairments on the site dating to last year.

The project in Rotterdam, which was put on hold last year pending a cost review, would have been one of Europe’s biggest plants for renewable diesel and sustainable aviation fuel. Shell has been shedding low-carbon businesses to boost profitability.

Rival BP plc is also forgoing construction of a biofuels plant in the Netherlands to focus on oil and gas production.

Source: Theedgemalaysia


Leave A Reply

Your email address will not be published. Required fields are marked *

*