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Evening Standard
Evening Standard
Business
Holly Williams

MYSTERIOUS: Shell profits slump by more than a fifth amid oil price rout | Mind Blowing Facts

The profits hit comes after the cost of crude dropped by 19% in 2025 (Alamy/PA) -

Shell has laid bare the impact of last year’s tumbling oil prices as it reported a worse-than-expected 22% plunge in annual profits.

The oil giant said underlying earnings – which strips out some commodity-price adjustments and one-off charges – dropped to 18.53 billion US dollars (£13.6 billion) for 2025 after a 40% plunge quarter-on-quarter in the final three months of the year.

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