Shell reported higher oil and gas production for the third quarter of 2025, indicating stronger upstream performance than the second quarter, according to preliminary figures released on Tuesday.
The company said production averaged between 1.79 million and 1.89 million barrels of oil equivalent per day (boe/d) in the period, compared with 1.73 million boe/d in the second quarter.
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Even with higher production in its Upstream segment, Shell said earnings were partly offset by a US$200–400 million impact linked to the rebalancing of participation interests in Brazil’s Tupi field.
Integrated Gas output was broadly stable at 910,000 to 950,000 boe/d, while liquefied natural gas (LNG) liquefaction volumes increased to 7.0–7.4 million tonnes, up from 6.7 million tonnes in the previous quarter.
In its Marketing segment, Shell expects its marketed adjusted earnings to be higher than in the second quarter, with volumes sold being in the range of 2.65 million and 3.05 million barrels per day (b/d).
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The London-based company operates in more than 70 countries, including offshore and onshore assets in Trinidad and Tobago, where it holds a stake in the Atlantic LNG export facility and operates the Dolphin gas field.
Shell is expected to release its full third-quarter results on October 30.
