Shell posts higher profits despite falling energy prices
Shell reported a significant increase in annual profit, overcoming a challenging market environment with higher volumes and reduced costs. The company’s net profit rose even as oil and gas prices declined due to global economic concerns and increased production from OPEC+ nations. Shell is shifting its focus back to fossil fuels, scaling down some climate initiatives and alternative energy projects. The company also announced a new share buyback programme and a dividend increase for shareholders.
What we know
- Shell’s net profit after tax climbed to $17.84 billion in 2025 from $16.1 billion a year earlier.
- Underlying earnings dropped 22 per cent to $18.53 billion last year, reflecting some energy-price movements and one-off charges.
- In the fourth quarter, net profit fell 22 per cent from the previous quarter, to $4.1 billion.
- Chief executive Wael Sawan announced a new $3.5 billion share buyback programme and a dividend increase.
- Shell ended its participation in two North Sea offshore wind projects in November, focusing more on oil and gas.
