1341 GMT - European integrated oil companies are expected to report profit hit by lower oil, European gas and liquefied natural gas prices, Jefferies analysts write. While higher U.S. gas prices partially cushion the fall, oil and gas trading results are expected to normalize and drag on earnings, the analysts say. Fourth-quarter aggregate net income across the sector is expected to 4% lower than the prior quarter, they say. Meanwhile, refining margins held strong over the period and should provide some support, according to Jefferies. Earlier Thursday, London-based Shell flagged a weak oil-trading performance and lower earnings for the last quarter of 2025. Shell shares fall 2.35% to 2,593 pence. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
January 08, 2026 08:41 ET (13:41 GMT)
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