壳牌化工业务亏损5.89亿美元

Core Viewpoint - Shell's chemical business continues to incur losses, with a quarterly loss of $589 million in Q4 2025, marking six consecutive quarters of losses [1] Financial Performance - The adjusted annual loss for Shell's chemical business in 2025 reached $1.12 billion, with Q4 losses contributing significantly [1] - Over the past four years, the chemical segment has recorded annual losses, primarily due to narrowing profit margins [1] - The global chemical business margin in Q4 was $140 per ton, with an annual average of $148 per ton, reflecting a year-on-year decrease of $4 [1] Strategic Adjustments - Shell is considering shutting down production facilities on a case-by-case basis, with all adjustment options remaining on the table [1] - The CFO emphasized that restructuring and strategic repositioning of the chemical business will be a core focus for 2026 [1] - To improve cash flow, Shell has planned a cost-cutting initiative worth several hundred million dollars, aiming to bring the chemical business's free cash flow close to balance [1] Operational Metrics - The operating rate of the chemical business fell to 76% in Q4 2025, primarily due to an increase in both planned and unplanned maintenance shutdowns [1] - Shell has divested its loss-making refining and petrochemical assets in Singapore and will continue to adjust its chemical asset portfolio [1]