Shell anticipates its chemicals and products division will record a significant loss in the fourth quarter of 2025 due to a drop in chemicals margins and a non-cash deferred tax adjustment in a joint venture, despite a projected boost in refining margins.
Shell expects its chemicals and products division to swing to a loss in the fourth quarter of 2025, on the back of lower chemicals margin compared to the previous quarter, the UK-based supermajor said in a quarterly trading update on Thursday.
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Source: OilPrice | Published: 2026-01-08T11:00:00Z
Credit: OilPrice
