London, May 2, 2025 (AFP) - Shell net profit sinks 35% in first-quarter as oil prices fall

NAMPA / AFP

2025-05-02

British energy giant Shell on Friday announced that net profit dropped 35 percent in the first quarter, as it was hit with weaker oil prices. Profit attributable to shareholders fell to $4.8 billion from $7.4 billion in the first quarter of 2024, Shell said in an earnings statement. Total revenue dropped six percent to $70.2 billion. Shell and other oil majors have been hit by a recent slump in crude prices on fears that US President Donald Trump......

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