In a statement issued to the London Stock Exchange, the company reported that pre-tax profit reached $22.858 billion (€19.670 billion), marking an 11% decline from the previous period, while revenues totaled $202.793 billion (€174.540 billion), a 6.9% decrease compared to the same nine months of the previous year.
Production expenses fell by 8.3% to $16.068 billion (€13.830 billion), while distribution and administration expenses remained almost unchanged at $9.175 billion (€7.900 billion).
The total debt of the oil company stood at $73.977 billion (€63.670 billion) at the end of September, a decrease of 3.4% from the previous period, according to the company, which reports its earnings in dollars.
The company announced a $3.5 billion share buyback program for the next three months.
Quarterly, the profit attributable to the company for the year’s third quarter – July to September – was $5.322 billion (€4.580 billion), an increase of 24% compared to the same period in 2024, driven by a rise in gas trading.
