Shell is expected to reveal annual earnings slumped by more than a fifth last year as oil prices saw the biggest fall since 2020 at the height of the Covid pandemic.
Annual results from the FTSE 100 oil giant on Thursday are set to lay bare the impact of the steep declines in the cost of crude, which dropped by 19% and for a record-breaking third year in a row, as there was more supply than needed in the world economy.
