Finance
Shell profit above, TotalEnergies in line with expectations amid lower prices
Published by Global Banking and Finance Review
Posted on October 30, 2025
Global Banking and Finance Review
Company
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on October 30, 2025
By Stephanie Kelly, Shadia Nasralla and America Hernandez
LONDON/PARIS (Reuters) -Shell and TotalEnergies posted quarterly profit falls of 10% and 2%, respectively, on Thursday, dragged down by lower oil prices, though Shell beat expectations helped by better trading results in its huge gas division.
While Shell, the world's largest liquefied natural gas trader, is keeping its $3.5 billion buyback pace, TotalEnergies said it would scale back in the fourth quarter, under pressure to keep a lid on its debt.
Shell's buybacks have topped $3 billion for the last 16 quarters. By the end of the year, it will have bought back more than a quarter of its shares in four years.
The buybacks, together with $2.1 billion in dividends, take Shell's shareholder payouts over the last four quarters to 48% of operating cash flow, within the company's 40% to 50% target range.
Shell's adjusted earnings, its definition of net profit, fell to $5.4 billion in the quarter to September 30 but beat the $5.09 billion expected by analysts in a poll provided by the company.
TOTALENERGIES PROFIT HELPED BY UPSTREAM, REFINING MARGINS
French major TotalEnergies's adjusted net income slipped to $4.0 billion from $4.1 billion a year earlier.
That met analysts expectations according to a consensus compiled by LSEG, as higher upstream production and improved crude refining margins partially offset lower oil prices.
Shell's shares were flat at 0925 GMT while TotalEnergies was down 2.2%. The index of European energy companies was off 0.7%.
SHELL'S GAS, UPSTREAM BUSINESSES BEAT EXPECTATIONS
Shell reported quarterly cash flow from operations of $12.2 billion, down from $14.7 billion a year earlier.
Profits at Shell's integrated gas unit and oil-focused upstream division both beat expectations but were down from last year.
Total's downstream results jumped by 76%. European margins on refining fuels have soared more than 300% buoyed by an EU ban on fuel imports made from Russian oil.
Shell's gearing, or debt to equity ratio including leases, dipped slightly on the previous quarter but rose to around 19% from 16% last year.
TotalEnergies' gearing including leases was down slightly quarter on quarter but up from 18% last year.
Brent futures averaged around $68 per barrel in the quarter, down from about $78 a year earlier, according to LSEG data and Reuters calculations.
The benchmark Dutch front-month gas contract at the TTF hub averaged 33.04 euros per megawatt hour in the quarter, down from 35.6 euros per MWh.
(Reporting by Stephanie Kelly, Shadia Nasralla and America Hernandez; editing by Jason Neely)