Article

Shell forecasts a significant loss in its chemicals division for Q4 2025, with margins dropping to $140 per metric ton and adjusted earnings expected to fall below breakeven. Despite these challenges, the company's oil, gas, and LNG production remains stable, with upstream production projected between 1.84 million and 1.94 million barrels of oil equivalent per day. Ongoing issues at its Pennsylvania petrochemical plant, including rising costs and declining margins, contribute to a 43% revenue decline in the chemicals business from 2021 to 2024.