Shell Achieves $17.84 Billion Profit Despite Weak Oil Market

British energy giant Shell reported a strong finish to 2025, posting a net profit of $17.84 billion, up from $16.1 billion the previous year, as higher production volumes and cost cuts helped counter a slump in oil and gas prices.

Energy markets weakened in 2025 as global supply increased and concerns about slower economic growth weighed on commodity prices. Still, Shell’s overall profit climbed 11 per cent year‑on‑year.

The company’s underlying earnings, which remove some price swings and exceptional items, fell by about 22 per cent, highlighting challenges from the softer market. In the final quarter alone, net profit also dropped from the previous quarter.

CEO Wael Sawan said cash flow remained solid despite the earnings dip. Shell also raised its dividend and launched a $3.5 billion share buyback programme to reward investors.

As part of a strategic shift, Shell has scaled back participation in certain offshore wind projects to refocus on traditional oil and gas operations, even as some rivals adjust their climate targets.