Shell’s Half-Year Profit Declines to $8.4bn Amid Lower Energy Prices

Shell Plc reported a 23% year-on-year decline in net profit for the first half of 2025, impacted by weaker energy prices across global markets.

The British oil and gas giant posted a profit of $8.4 billion, down from $10.9 billion recorded during the same period in 2024. Group revenue also dipped nearly 9%, closing at $136.6 billion.

Chief Executive Wael Sawan attributed the decline to a “less favourable macro environment” and noted reduced returns from oil and gas sales. The market downturn is partly attributed to increased oil production from OPEC+ nations and economic concerns tied to new tariffs under the U.S. administration.

Despite the headwinds, Shell plans to repurchase $3.5 billion worth of shares as it looks to reassure investors and stabilize stock performance.