Shell’s fourth-quarter net profit fell by 11% to $3.3 billion, missing analyst expectations of $3.5 billion, the lowest since early 2021, as weaker oil prices weighed on earnings.
Losses in its chemicals and products unit were larger than expected, while integrated gas and marketing profits also lagged forecasts.
Despite the shortfall, the company maintained its $3.5 billion share buyback and increased its quarterly dividend by 4% to $0.372 per share, bringing total shareholder payouts over the past year to 52% of operating cash flow, above its 40%–50% target.
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Cash flow from operations stood at $9.44 billion, down from $13.16 billion a year earlier.
Shell’s reserve life fell to 7.8 years from 8.9 in 2024, prompting questions about its reserve replacement strategy. Brent crude averaged $63 per barrel in the quarter, down from $74 a year earlier, while Dutch TTF gas prices also eased.
Esther Ososanya is an investigative journalist with Pinnacle Daily, reporting across health, business, environment, metro, Fct and crime. Known for her bold, empathetic storytelling, she uncovers hidden truths, challenges broken systems, and gives voice to overlooked Nigerians. Her work drives national conversations and demands accountability one powerful story at a time.
