Netherlands · Country watch
Shell Profits Surge, Dutch Tax Plan Pressure
Shell reports record profits amid high oil prices; Dutch tax plan faces new opposition demands.
The picture Mixed How this is judged →
Business conditions in the Netherlands are mixed. Shell's strong profits boost the energy sector, while political pressures on the tax plan create uncertainty for public-sector negotiations. Energy project leadership disputes in Moerdijk add to the complexity.
Flare-up watch: Calm (0.4) · How this is judged → · All Netherlands briefings →
In this briefing Shell · Joost Eerdmans · JA21 · BBB · SGP · Rob Jetten · Moerdijk
Companies
Shell profits soar to $10.8 billion in Q3
Shell reported a net profit of $10.8 billion for the third quarter, doubling its earnings from the same period last year, as high oil and gas prices boosted its bottom line, according to NU.nl. The company announced a $5 billion share buyback, surprising analysts who had expected lower earnings. Shell's revenue reached nearly $93 billion, driven by the ongoing conflict in the Middle East, which has kept energy prices elevated.
Impact Energy investors and shareholders benefit from Shell's increased profits and share buyback plan.
Sources: NU.nl ↗, Telegraaf.nl ↗, nu.nl ↗
Politics
JA21, BBB, SGP form alliance on tax plan
Opposition parties JA21, BBB, and SGP have formed a coalition to negotiate with the Dutch minority government over the tax plan, NOS.nl reports. They demand significant changes in areas such as nitrogen policy, asylum, and medical ethics in exchange for their support. This move increases pressure on the government, as these demands have been previously deemed unacceptable by the coalition parties.
Impact Dutch policymakers face increased pressure to adjust the tax plan, affecting public-sector negotiations.
Moerdijk calls for energy project leadership
Residents and organizations in Moerdijk have called on Prime Minister Rob Jetten to take charge of energy project planning in the region, Omroep Brabant reports. They seek a comprehensive plan that would allow the government to step back for at least two generations. However, the cabinet has rejected this request, stating that State Secretary Jo-Annes de Bat already holds the leading role.
Impact Energy planners and local authorities in Moerdijk face continued uncertainty over project leadership.
Sources: Omroep Brabant ↗
Nothing significant reported today in Regulation · Disruption · Internal tension · Safety & health · Markets · Trade.
Also today in the local press
- ING profiteert van hogere rentes leningen, schrapt banen bij zakenbank — Telegraaf.nl
- Dramatische kwartaalcijfers voor Volkswagen: miljarden in het rood — NOS.nl
- Wall Street sluit lager door tegenvallende bedrijfsresultaten — Telegraaf.nl
- Frankrijk zet zich schrap voor zaterdag: vrees voor nieuwe onlusten — Telegraaf.nl
- Nieuwe uitnodiging naar linkse én rechtse oppositiepartijen na topoverleg kabinet — nu.nl
- Hoe nu verder, na het politieke bommetje van JA21, BBB en SGP: deze vier routes zijn nog mogelijk — Telegraaf.nl
- Indonesia’s populist president is losing his charm — NRC
- BuZa waarschuwt Nederlanders in het Midden-Oosten: ‘Mensen alert houden’ — AD.nl
Sources in this briefing
- NOS.nl 1
- NRC 1
- nu.nl 1
- NU.nl 1
- Omroep Brabant 1
- Telegraaf.nl 1
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Caputo Announces Investments; Vista Energy's Export Surge
- Brazil: Petrobras Diesel Record, BRB Financial Scandal
- Canada: Alberta Childcare Rule Change, Stelco Worker Recall
- China: Hainan Eases Trade, Hong Kong Faces Delistings
- Colombia: Fiscal Rescue Law, Lulo Bank Expands, Bogotá Security
- Germany: Volkswagen Loss, ECB Rate Decision, Gen Z Protests
- Egypt: CBE Raises Rates, FRA Sets Short Selling Rules
- Spain: Renfe Strikes Escalate, Blocus Arrests in Lleida
- France: TotalEnergies Profit Surge, Gas Prices Rise
- United Kingdom: Poundland Faces Collapse, Scotland Bans Youth Nicotine Sales
- Indonesia: Rupiah Strengthens, Stock Index Falls, Flood Warnings
- Israel: Qatari Election Interference, Haredi Draft Riots
- India: Cyclone Arnab's Impact, UP Speed Crackdown, Stock Surge
- Iraq: Iraq-Syria Oil Talks, Oil Executive Jailed
- Iran: Tankers Explode in Hormuz, Khamenei Sets Economic Priorities
- Italy: Italy Faces General Strike and ECB Holds Rates
- Jordan: Interest Rates Steady, Bridge Maintenance Disruption
- Japan: TOPIX Reform, Unemployment Falls, Bond Optimism
- Kenya: Nairobi Protests, EPRA Fuel Price Clarification
- South Korea: Samsung SDI Profits, Diesel Export Eased
- Lebanon: Port Worker Strike, US-Lebanon Flights, Oil Prices Drop
- Morocco: Binance Security Breach, Tax Reforms in Real Estate
- Mexico: Cartel Roadblocks Paralyze Matamoros, CFE Seeks $1B
- Malaysia: Budget 2027 Passed; Rare Earth Mining in Kelantan
- Nigeria: Naira Stabilizes, Airport Biosecurity Boosted
- Poland: Fuel Tax Plan, KGHM Mine Quake, Drought Alerts
- Portugal: Euribor Rates Rise, BCE Holds Interest Rates
- Russia: Smartphone Registration, Odessa Strikes, Ruble Gains
- Senegal: Senegal Budget Standoff, Youth Olympics Traffic
- Syria: Floods Disrupt Transport, Syrian-Turkish Business Talks
- Turkey: Istanbul Road Closures, Schengen Visa Issues
- Ukraine: NBU Rate Hike, Extended Power Cuts, Export Delays
- United States: DHS Data Breach, Military Cyberattack Suspected
- Vietnam: Vietnam's Trade Surplus Grows, Fuel Prices Rise
- Yemen: Central Bank Shuts Forex Firms; Taiz Siege Worsens
- South Africa: Durban Protests Intensify, Reserve Bank Data Mixed