Shell's third-quarter oil and gas trading performance rebounded, sending positive signals for profitability.

Jin10 data reported on October 7 that Shell has stated that its oil and gas trading business performance in the third quarter has seen a rebound, which releases a positive signal for the company's profitability. In a statement made by the company on Tuesday ahead of its earnings report later this month, it said that the natural gas trading performance in the third quarter has “significantly improved” compared to the second quarter, and the oil trading performance has also achieved a “rise”. For oil and gas trading, which is usually one of Shell's largest profit-contributing sectors, this performance rebound indicates a business recovery. Previously, Shell's CEO Wael Sawan attributed the “sharp decline” in second-quarter trading profits to geopolitical-driven market Fluctuation - rather than changes in supply and demand fundamentals - a situation that also prompted Shell to drop its business risk exposure. Furthermore, Shell mentioned that its chemical division has incurred losses, while refining margins have increased.