Shell posts fall sharply in profit in the first quarter of weak oil prices

English oil giant Bark The stronger first quarter of the first quarter than expected on Friday stated the pace of the stronger and sharing program, but also fell more than each other in the same period last year.

According to a LSEG-compiled consensus, Shell, Shell earned $ 5.58 billion in the first three months of the year. There was an analytical forecast provided by the company separately expected The first quarter of Shell comes in $ 4.96 billion.

The bark reported the earnings of their earnings $ 7.73 billion In connection with the same period last year – 28% more than the first quarter of 2025 – and $ 3.66 Billion For the three months of 2024.

Shell shares were sold at 8:55 at 8:55.

As the return of large oil, especially industrial disadvantages, the hot key was released for investors as it continues to fall Write heights in 2022.

A poor demand worldview, felling raw prices and the rapid variable trade policy of the US President Donald Trump sounded in the last months.

In turn, Shell on Friday announced a $ 3.5 billion sharing program, which was expected to end in the next three months. According to the company, this records the price of at least $ 3 billion in the 14th quarter.

On the contrary, the British opponent Bp Purchased the share on Tuesday Earnings in the first quarter fell short of analytical expectations.

Shell CEO Wael described Sawan’s earnings as “another solid set of results.”

“Strong performance and solid balance sheet, $ 3.5 billion in the next three months, gives a confidence in the strategic direction we are established on our capital markets in March,” he said.

Shell once again confirmed the annual investment budget to $ 22 billion from 20 billion to 2025.

There was a bark in March declared Plans to reduce shareholder’s refund and expenditure, reduces liquefied natural gas (LNG).