On May 03, 2024, the shell logo displayed in Austin, Texas.
Brandon Bell | Getty Picture News | Getty Image
British oil giant shell It was reported on Thursday that the annual profit declined sharply. The reason was that the sales volume of the exploration was higher, the transaction profit margin was low and the price of crude oil in three months in the year was weak.
The revenue released by Shell in 2024 was US $ 23.72 billion, and the annual profit was $ 28.25 billion One year ago.
According to a consensus of LSEG, analysts expect the annual net profit of Shell to be US $ 24.71 billion.
Energy Major released a $ 3.66 billion income that exceeded the expected adjustment in the last quarter of 2024.
Shell announced the increase of 4 % per share, and launched another stock repurchase plan, which is 3.5 billion US dollars. It is expected to be completed in the next three months.
CEO Wael Sawan said in a statement on Thursday: “Although the income of this quarter is low, cash delivery is still stable, and we have generated a free cash flow of $ 40 billion in the year. It is as high as 2023 in the lower price environment.
He added: “Since 2022, we continue to pay attention to simplifying the reduction in structural costs of more than $ 3 billion, to meet our goals in advance, and we have made significant progress aiming at all other financial goals of us.”
The highest oil and natural gas companies in the world have seen profits from Record level in 2022When Russia invaded Ukraine, the international benchmark Brent crude oil jumped to Nearly $ 140 per barrelEssence
Cold the oil price since then Hobbling global needsBrent crude oil futures were $ 80 per barrel in 2024. According to “The The The The The The The it” US Energy Information ManagementEssence
exist Transaction update On January 8th, shells were trimmed in the production prospects of liquefied natural gas (LNG) to the last three months of 2024, and warned that the transaction results of its chemical and oil product departments are expected to be “significantly reduced” every quarter.
The stock of London was about 4.8 % at the beginning of the year.
“First sprint”
When the company enters the so -called last period, the annual performance of Shell is coming.The first sprintEssence
Shell CEO WAEL SAWAN, as a part of this transformation, gives the company more favorable oil and natural gas operations priority, at the same time Sea style and hydrogen And exit the power market Europe and ChinaEssence
like other Petroleum and natural gas majors, shells have been watered Climate Investment with green in recent years. However, the company said that by 2050, it is still committed to becoming a zero -net energy business.
American oil giant ExMobil and Glyph They all plan to report their income on Friday, and European peers Total energy and BP It will be followed on February 5th and February 11, respectively.
