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yesterday

Shell Profits Fall 30% in First Half as Energy Prices and Levy Bite

The company rolled out a fresh $3.5 billion share buyback following nearly $4 billion of structural cost savings since 2022

Rolls-Royce profits and revenue jumped
An aerial view shows flue gas and steam rising from a distillation tower at Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beaumont, Texas, U.S., March 18, 2023. REUTERS/Bing Guan/File Photo

Overview

  • Shell reported a 30% year-on-year drop in adjusted net profits to $9.84 billion for H1 2025.
  • Q2 adjusted earnings of $4.26 billion fell 32% from a year earlier yet beat the $3.87 billion analyst consensus.
  • The profit decline stemmed from lower trading and optimization margins, falling gas and oil prices and a $509 million UK energy profits levy.
  • Price drops forced a 30% tumble in gas division earnings, a 26% hit in upstream and a 74% plunge in chemicals in the April-June quarter.
  • The company strengthened growth prospects by enhancing deep-water assets in Nigeria and Brazil and delivering its first LNG Canada shipment.