Shell profits down nearly a third after drop in oil prices

Fall to $4.26bn profit in second quarter beats City forecasts and oil firm says it will continue to buy back sharesBusiness live – latest updatesProfits at Shell fell by nearly a third in the last quarter as the energy company was hit by a fall in earnings from oil and gas.Shell reported on Thursday morning that its adjusted earnings dropped to $4.26bn in the second quarter of this year, 32% less than the $6.29bn it made in April-June 2024 when energy prices were higher. This beat City forecasts of a larger drop in profits to $3.7bn. Continue reading...

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