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International Business Times
International Business Times
Business

Shell Net Profit Sinks 35% In First-quarter As Oil Prices Fall

Shell Oil British Petroleum United States
Shell and other oil majors have been hit by a recent slump in crude prices (Credit: AFP)

British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns.

Profit attributable to shareholders fell 35 percent to $4.8 billion in the first quarter of 2025 from a year earlier, Shell said in an earnings statement.

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