Shell Reports Sharp Drop in Refining Margins for Third Quarter, According to Reuters

LONDON (Reuters) – Shell has reported a significant decline in its refining profit margins for the third quarter compared to the previous quarter, alongside a decrease in oil product trading earnings, as announced on Monday.

In a trading update released ahead of its quarterly results scheduled for October 31, Shell indicated that its indicative refining margins fell to $5.5 per barrel in the three months leading up to the end of September, down from $7.7 per barrel in the preceding period.

The company also noted that trading outcomes for its chemicals and oil products division are anticipated to be lower than those in the second quarter.