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Oil giant Shell posts larger-than-expected drop in full-year profit on lower crude prices
SHELShell Global(SHEL) CNBC·2025-01-30 15:10

A Shell logo is displayed on May 03, 2024 in Austin, Texas.British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.Shell posted adjusted earnings of $23.72 billion for the full-year 2024, compared to annual profit of $28.25 billion a year earlier.Analysts had expected Shell's full-year 2024 net profit to come in at $24.71 billion, according to an LSEG-compiled consensus.The energy major posted weaker-than-anticipated adjusted earnings of $3.66 ...