Shell Reports $5.32B Q3 Profit, Initiates $3.5B Buyback

Shell reported a net income of $5.32 billion for Q3 2025, up from $4.29 billion in the same period last year, driven by increased oil and gas production and strong performance in its marketing and deepwater assets. The company announced a $3.5 billion share buyback program to be completed by the next quarter, marking the 16th consecutive quarter with significant repurchases despite volatility and recent oil price drops. Total revenue for the quarter was $68.15 billion, with adjusted earnings before interest, taxes, depreciation, and amortization declining to $14.77 billion from $16 billion the previous year. Shell's total oil and gas production rose to 2.82 million barrels of oil equivalent per day, aided by lower maintenance and ramp-up of LNG Canada, though liquefied natural gas volumes slightly decreased compared to last year. CEO Wael Sawan highlighted strong portfolio progress and robust earnings in the gas division, enabling sustained shareholder returns amid challenging market conditions. Despite profits being lower than the previous year due to reduced oil and gas prices, Shell's operational improvements and tax benefits contributed to a solid financial performance in Q3 2025.