Article

Shell anticipates a significant loss in its chemicals and products division for Q4 2025, with indicative chemicals margins dropping to $140 per metric ton from $160. Adjusted earnings for the division are projected to fall below breakeven, a decline from a $550 million profit in Q3 2025.

The company also noted reduced trading and optimization performance for the quarter. Despite challenges in the chemicals sector, Shell's oil, gas, and LNG production forecasts remain stable, with oil-focused upstream production expected between 1.84 million and 1.94 million barrels of oil equivalent per day.

The company faces ongoing issues at its Pennsylvania petrochemical plant, which has seen rising costs and declining margins, with a reported $14 billion construction cost. Revenue from Shell's chemical business declined by 43% from 2021 to 2024.