Shell profit tumbles on falling oil and gas prices

By Agence France-Presse

Feb 03, 2024 12:14 am

LONDON: British energy giant Shell on Thursday said its net profit more than halved to $19.4 billion last year as oil and gas prices weakened.

Profit after tax slumped 54 percent after reaching an all-time high of $42.3 billion in 2022 when energy producer Russia's invasion of Ukraine sent prices of fossil fuels soaring.

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