Shell’s Profits Jump to $5.6 Billion in Early 2025, Thanks to Gas and Oil Strength
By Favoredjane
LONDON, Shell earned $5.6 billion in the first three months of 2025—over 50% more than it made in the last quarter of 2024. The increase came mainly from stronger performance in its natural gas and oil businesses.
- Natural gas sales were strong, earning Shell $2.5 billion. It also completed its purchase of Pavilion Energy, which helped expand its gas trading operations.
- Oil production earned Shell $2.3 billion, helped by fewer losses from exploration and lower operating costs. Daily production stayed steady at about 1.86 million barrels of oil (or its equivalent).
Shell generated $9.3 billion in cash, but saw a $2.7 billion drop due to working capital changes. It spent $4.2 billion on investments and projects. The company’s debt increased to $41.5 billion, mainly because of recent deals in gas and Nigeria.
Other highlights:
- Marketing (like fuel and lubricants) brought in $900 million.
- Chemicals and Products earned $449 million, with better profits from refining.
- The Renewables and Energy Solutions division still lost money—$42 million—but less than the previous quarter. Shell’s renewable energy capacity now totals 7.5 gigawatts.
