Shell reports weakest quarterly earnings in five years

British oil company Shell reported a profit drop due to low oil prices and economic instability. Analysts see this as a sign of a crisis in the energy sector.

British oil giant Shell announced on Thursday its weakest quarterly earnings in nearly five years. This is due to falling energy prices and reduced demand amid global economic uncertainty. The company reported a significant drop in profits compared to the same period last year. Analysts attribute this to a number of factors, including the COVID-19 pandemic and geopolitical tensions. Shell also announced a review of its strategic plans for the coming years.

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2026-02-05T13:29:35+00:00

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