Oil giant Shell posts weakest quarterly profit in nearly five years as crude prices slide

Shell Pumps Out Dividend Hike Despite Slippery Oil Prices

Even in normal times, finding a firm footing in the oil business is a slippery endeavor.  UK oil major Shell posted its weakest quarterly profit in nearly half a decade on Thursday, sending its New York-listed shares down 5.3%. The drop occurred less than a week after US major Chevron reported declining profit, though that company’s shares have risen 4.7% since, thanks partly to its unique upside in Venezuela, the South American nation the Trump…

Shell’s Profit Falls on Lower Crude Prices, Chemicals Drag

Shell took on more debt, while maintaining its quarterly share buyback of $3.5 billion and raising its dividend even as volatile oil prices pressure its plan to boost investor returns.

Shell’s quarterly profit falls 11% amid weak oil prices, maintains buyback pace

Fourth-quarter net profit was $3.3-billion, below analysts’ estimate

Shell profits slide but oil campaigners hit out at billions still being made by North Sea giant

“Shell’s profits, while taking a dip, are a reminder of why we urgently need to move away from oil and gas” – Tessa Khan, Uplift

Shell profits climb despite falling oil prices

British energy giant Shell said Thursday that its net profit rose 11 percent last year as higher volumes and lower costs helped to offset falling oil and gas prices.