Shell’s profits pass $43bn after production hits new highs in Brazil and Gulf of Mexico

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Profits at Shell have climbed to more than $43bn for the year so far after fossil fuel production in the Gulf of Mexico reached a 20-year high and production in Brazil set a new record.

The oil company reported better than expected earnings of $5.4bn for the third quarter, a 27% increase on the $4.3bn in the previous three-month period - but lower than the $6bn recorded over the same period a year earlier.