Shell expects its chemicals and products division to swing to a loss in the fourth quarter of 2025, on the back of lower chemicals margin compared to the previous quarter, the UK-based supermajor said in a quarterly trading update on Thursday. Adjusted earnings at the chemicals and product segment are expected to be below break-even for the fourth quarter, said Shell, which is set to report full quarterly and annual earnings on February 5, 2026. Trading and optimization in the chemicals division is expected to be significantly lower…