Oil giant Shell posts larger-than-expected drop in full-year profit on lower crude prices
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Shell reported a larger-than-expected drop in full-year profit due to lower crude prices, impacting its financial performance.
January 30, 2025 | 7:30 am
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Shell's full-year profit dropped more than expected due to lower crude prices, which could negatively impact its stock price in the short term.
The drop in Shell's profit is directly linked to lower crude prices, a key factor for its revenue. This unexpected decline in profit could lead to a negative market reaction, affecting the stock price adversely in the short term.
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