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Shell today posted adjusted earnings, its definition of net profit, of $3.66 billion for the quarter ended December 31, down from $7.31 billion a year earlier

Shell dividend hike drives shares up despite profit miss

Shell reported a 16% drop in profit for 2024 today amid weakness in oil and gas prices and in demand, but shares rose after it raised its dividend by 4% and extended its share buyback programme.

Business • 30 Jan

Shell has today reported a 19% quarter-on-quarter drop in profit to $6.3 billion

Shell Q2 profit slides to $6.3 billion on weaker trading

Shell Shell has today reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months, as refining margins and oil and gas trading weakened, though still beating analysts' forecasts.

Business • 01 Aug 24

Shell sharply beat expectations after disruptions in the Red Sea and Russia lifted oil refining and trading

Shell beats forecasts with $7.7 billion quarterly profit

Shell has today reported first-quarter profit of $7.7 billion, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading.

Business • 02 May 24

Wael Sawan was paid £7.9m in his first year as Shell CEO

Shell waters down climate pledge as CEO pay hits £7.9m

Energy giant Shell has watered down one of its climate pledges because of a change to its strategy in the electricity sector.

Business • 14 Mar 24

Shell has reported a 2023 profit of $28 billion, down 30% from the previous year's record

Shell's 2023 profit falls 30% to $28 billion

Shell has today reported a 2023 profit of $28 billion, a 30% drop from the previous year's record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases.

Business • 01 Feb 24

Shell's adjusted earnings of $6.22 billion were broadly in line with a company-provided analysts' forecast of $6.25 billion

Shell posts $6.2 billion in Q3 profit, boosts buyback

Shell has today reported a 34% annual drop in third-quarter profit to $6.2 billion as energy prices cooled, with strong trading of liquefied natural gas (LNG) helping offset a sharp drop in its production.

Business • 02 Nov 23

Energy giant Shell is to slow its share repurchase programme

Shell's profits tumble 56% as energy prices cool

Shell has today missed forecasts with a 56% fall in second-quarter profit to $5 billion as oil and gas prices fell, prompting the energy giant to slow its share repurchase programme.

Business • 27 Jul 23

Shell's new CEO Wael Sawan is making broad changes across the company

Shell to combine LNG and upstream businesses

Shell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.

Business • 30 Jan 23

Shell had posted record quarterly earnings of $11.5 billion in the previous quarter and $4.1 billion a year ago

Shell reports $9.5 billion quarterly profit

Shell has today reported a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, and announced plans to sharply boost its dividend by year end.

Business • 27 Oct 22

Wael Sawan has been namded as the new CEO of Shell

Shell picks renewables boss as CEO to lead green change

Shell has turned to the head of its gas and renewables business to drive its transition to a greener future, picking Wael Sawan to replace Ben van Beurden as chief executive.

Business • 15 Sep 22

Wael Sawan