Shell is weaker than a year-round year, at lower oil prices

British british oil Shell Thursday the annual profit fall has been significant after having smaller gross prices.

Shell has adjusted $ 23.72 million earnings for the rest of 2024 compared to annual profits 28.25 billion dollars a year earlier.

Analysts expected to enter a 2024-year-old winner of the shell by $ 24.71, according to a compiled consensus.

The main energy published a weaker duration planned for $ 3.66 million in the last quarter of 2024.

Shell has announced another three million dollar sharing program, as it is expected to carry out in the next three months.

“Despite the lower subsidy this quarter, we created a $ 40 million cash flow throughout the year, greater than 2023, in a smaller price environment,” CEO Wael Sawan said Thursday.

“Following our simplification, 2022. It has helped 3 billion dollars a result of structural cost reductions, in compliance with our goal, making important advances against all our other financial goals,” he added.

The major oils and gas companies in the world have seen their profits fall Record levels in 2022When Russia promoted the raw international reference references in the Ukrainian-scale Nearly $ 140 barrels.

Oil prices have been cooled since By failing global demandThe raw future of the future was a barrel of $ 80 in 2024. $ 2 was less than the previous year US Energy Information Administration.

A Trading update On January 8, the mask cut the natural gas (LNG) production view of the last three months, and warned that the results of its chemicals and oil products were expected to be significantly smaller “in quarter.

The shares of the company listed in London are about 4.8%.

Shell’s full year results included in the last interval of the company called “first esprint“The strategy was launched in 2023, and launches the end of this year, and closes the valuation gap with the US classmates, encouraging major profitability.

Shell CEO Wael Wael Sawan defaults to the most profitable priority oils and gas operations within this change, and reduces such expenditure Offshore wind and hydrogeni and withdraw from power markets Europe and China.

Like as Main oils and gas, shell watered Climate goals and green investments in recent years. The company, however, is committed to becoming a zero energy business until 2050.

US giant oils Exxon Mobil and Chevron Both are scheduled to report profit on Friday while there were European classmates Full energy and Bdu Follow the suit on February 5th and February 11, respectively.

This news story is updating this story.