Shell posts are a weaker annual profit than expected in oil prices

English oil giant Bark On Thursday, a year after raw prices, he said it was an important decline in annual earnings.

Shell sent $ 23.72 billion worth of $ 23.72 billion to 2024 compared to annual earnings $ 28.25 billion a year ago.

According to analysts, the LSE-compiled consensus, Shell’s full-time 2024 net profit expectations will be $ 24.71 billion.

More than $ 3.66 billion for the final quarter of 2024, a weaker gain.

Shell announced another $ 3.5 billion stock purchase program that expected to be completed in the next three months.

“In this quarter, in spite of lower earnings, cash delivery has been firm and we have created more than $ 40 billion in the year and 40 billion dollars in the lower price environment.

“Our continued attention on simplification, since 2022, in advance, helped reduce more than $ 3 billion to make a significant progress against all other financial goals,” our continued.

The best oil and gas companies in the world have seen a profit Record levels in 2022If Russia’s full-scale occupation of Ukraine will jump to the International Benchmark Brent Crude a barrel of about $ 140.

Oil prices are cooled since today Disrupt the global requestIn 2024, it is a barrel with an average of $ 80 with Brent Futures. This was a barrel of about $ 2 according to the previous year US Energy Information Management.

One Trade update On January 8, Shell, liquefied natural gas (LNG) for three months of 2024, and trade results are expected to be “significantly low” in the quarter of the chemical and oil products.

The shares of the company listed in London are 4.8% in terms of annual comparison.

The company’s full annual results come because the company is included in the so-called final extension. “First Sprint. “The strategy, which began in 2023 and the last strategy by the end of this year, aims to close the evaluation gap with our peers by increasing the profitability of the major.

Shell CEO Wael Sawan, as part of this turn, prioritized more profitable oil and gas operations as part of this turn sea ​​wind and hydrogen and remove electric markets Europe and Chinese.

Approve other Oil and gas masters, bark were irrigated Climate goals and green investments in recent years. The company, but until 2050, he said he was committed to being a net zero energy business.

US Oil Giants Exxon Mobile and Bar Both are planned to earn earnings on Friday and European peers General energy and Bp It is appointed to watch the suit in February 5 and February 11.

This broke news story is updated.