Shell Reports a 30% Decrease in Profits Due to Falling Oil Prices

• Shell has reduced its profits by 30% due to falling oil prices
• The company continues to buy back shares worth $3.5 billion
• Environmental activists protest against Shell's high profits

The company Shell announced a 30% decrease in profits for the first half of 2025 due to falling oil and gas prices. Adjusted profits stand at $9.84 billion (7.4 billion pounds), which is less than in the previous year.

In the second quarter, profits amounted to $4.26 billion, which is 32% less than for the same period last year. Nevertheless, the figure exceeded analysts' expectations, who had predicted $3.7 billion.

Shell explained the profit decrease as "lower trading margins and optimization," as well as falling oil prices. At the end of June, the price of Brent crude oil fell below $68 per barrel, compared to over $86 per barrel earlier this year.

Despite the decrease in profits, the company continues to buy back shares for a total of $3.5 billion in the third quarter, marking the 15th consecutive quarter of share buybacks totaling over $3 billion.

Shell's CEO, Wael Sawan, noted that the company continues to focus on improving efficiency and reducing costs, which allowed it to save $3.9 billion since 2022.

Additionally, according to him, the company has achieved significant results in developing its portfolio in deepwater areas of Nigeria and Brazil, and has also made its first delivery of liquefied natural gas from Canada.

Meanwhile, the increase in the profit margin reached $43.21 billion in the second quarter, which indicates a strong demand from investors.

Shell's shares rose by 2.5% in early trading, to £27.45.

Environmental activists from ecological organizations expressed concern about the company's profit levels, stating that it does not fulfill its obligations regarding reducing carbon emissions.

Tags: Economy/Energy