Key Takeaways Europe's largest oil company, Shell plc (SHEL) , reported second-quarter 2025 earnings per ADS (on a current cost of supplies basis, excluding items — the market's preferred measure) of $1.42, which came in well above the Zacks Consensus Estimate of$1.13 on the back of cost reductions and higher natural gas realizations. However, the bottom line fell from the year-ago adjusted profit of $1.97 due to lower upstream production plus a decline in oil prices. Shell's revenues of$66.4 billion were ...