The profits of the oil company Shell fell 10% in the first nine months of the year to 13,703 million dollars (11,784 million euros), the British company announced this Thursday, 30th.
In a statement sent to the London Stock Exchange, the company indicated that profit before taxes reached 22,858 million dollars (19,670 million euros), a drop of 11% compared to the previous period, while revenues totaled 202,793 million dollars (174,540 million euros), a reduction of 6.9% compared to the same nine months of the previous year.
Production expenses fell 8.3% to 16,068 million dollars (13,830 million euros), while distribution and administration expenses remained practically unchanged, at 9,175 million dollars (7,900 million euros).
The oil company’s total debt stood at 73,977 million dollars (63,670 million euros) at the end of September, a decrease of 3.4% compared to the previous period, indicated the company, which publishes its results in dollars.
The company announced a $3.5 billion share buyback program over the next three months.
In quarterly terms, the profit attributable to the company in the third quarter of the year — July to September — was 5,322 million dollars (4,580 million euros), an increase of 24% compared to the same period in 2024, due to an increase in gas trade.
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