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30.10.25 - 10:12
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Shell′s profits surpass $43bn after production hits new highs in Brazil and Gulf of Mexico (The Guardian)
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Fossil fuel firm plans to buy back shares for 16th consecutive quarter, as protesters say Shell's profits are 'horror show'Profits at Shell have climbed to more than $43bn for the year so far after fossil fuel production in the Gulf of Mexico reached a 20-year high and production in Brazil set a new record.The oil company reported better than expected earnings of $5.4bn for the third quarter, a 27% increase on the $4.3bn in the previous three-month period – but lower than the $6bn recorded over the same period a year earlier. Continue reading......
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30.10.25 - 08:54
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Oil price slips after Trump-Xi meeting, Shell′s $5.4bn profit beats expectations – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Oil prices have fallen slightly as investors digest the new trade deal between US President Donald Trump and Chinese President Xi Jinping.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 $3.5 billion of buybacks for the next three months.”10am GMT: Eurozone GDP1.15pm GMT: European Central Bank rate decision9pm GMT: Apple and Amazon quarterly earnings Continue reading......
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