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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

UNCOVERED: Shell investors in line for multibillion dollar windfall despite weak profits | History Defined

Shell Oil Ukraine
Shell logo
It is the 13th consecutive quarter in which Shell has given its investors buybacks of more than $3bn. Photograph: Chris Helgren/Reuters

Shell paid its investors a total of $22.5bn (£18.1bn) in 2024, narrowly short of the company’s own profits for the year, which tumbled in line with weaker oil and gas markets.

Europe’s biggest oil company handed its investors the multibillion-dollar windfall despite reporting weaker-than-expected profits of $23.7bn. It has faced calls from climate campaigners to divert more of its profits to renewable energy projects and away from shareholder payouts.

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