Shell Q4 Earnings: Can the Oil Giant Beat Again?
Shell Under Pressure: Can the Oil Giant Beat Earnings Expectations Once Again? Key Points Shell has a proven track record, beating earnings estimates in five of the last eight quarters, including a standout Q3 2025 result of $5.4 billion that topped even the most optimistic forecasts. Despite Brent crude dropping nearly 19% in 2025 and briefly falling below $60 a barrel, Shell's operational improvements under CEO Wael Sawan provide resilience. The company continues aggressive share buybacks ($3.5 billion in recent quarters, marking 16 consecutive quarters of $3 billion or more), setting it apart from peers like BP and Chevron that have scaled back. Earnings for full-year 2025 are likely down about a fifth year-on-year, with Q4 expected to be 10% lower, but upstream production gains could offset weaknesses in trading, chemicals, and downstream. Shell's Q4 and full-year 2025 results are due on 5 February 2026 – a key moment for investors watching shareholder returns and...
