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International Business Times
International Business Times
Business

Shell Net Profit Retreats On Lower Energy Prices

Shell Wael Sawan Oil Donald Trump British Petroleum Gas Prices
Energy prices have come under pressure in recent months on concerns that US President Donald Trump's tariffs will hurt economic growth (Credit: AFP)

British energy giant Shell on Thursday said its net profit slid 23 percent in the first six months of the year, hit by lower oil and gas prices.

Profit after tax dropped to $8.4 billion compared with $10.9 billion in the first half of 2024, Shell said in an earnings statement.

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