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

On Thursday, Shell reported its weakest quarterly profit in nearly five years, posting adjusted earnings of $3.26 billion that missed analyst expectations of $3.53 billion.
Brent price weakness and tax adjustments contributed to weaker results as Shell's integrated gas and marketing divisions underperformed and losses in chemicals and products grew.
The company maintained shareholder returns by keeping its $3.5 billion buyback steady and raising its dividend 4% to $0.372 per share.
Higher debt and gearing reflect increased industry pressure, with net debt at $41.2 billion and gearing at 18.8%, as European majors face tough payout and investment choices.
BP and TotalEnergies are due to report next week amid a weak earnings season, while Wael Sawan, Shell CEO, said `2025 was a year of accelerated momentum, with strong operational and financial performance across Shell` despite $18.5 billion full-year 2025 adjusted earnings.

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