Shell has this morning announced global earnings of $5.4billion (£4.1billion) for the third quarter of 2025.
The figures, which exceeded expectations, were driven by record production in Brazil and production hitting 20-year highs in Gulf of America.
On the back of the data, Shell also announced commencement of another $3.5billion (£2.65billion) share buyback programme for the next three months; the 16th consecutive quarter of at least $3billion (£2.27billion) in buybacks.
Wael Sawan, Shell plc chief executive officer, 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 $3.5billion of buybacks for the next three months.”
The Q3 earnings are up from $4.26billion (£3.23billion) in Q2 2025.
Globally, the energy giant paid $2.7billion (£2.05billion) in tax during the quarter.
FTSE100
The UK's flagship share index, the FTSE 100, was at 9,720 shortly after opening this morning.
Brent crude oil futures were down 0.76% at $63.73 a barrel.
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