Shell’s H1 2025 profit drop hits $8.4B, down 23%, driven by lower oil and gas prices and weak macro conditions. Revenue also declined to $136.6B in the first half

The Shell’s H1 2025 profit drop has been confirmed, with the British energy company reporting a 23% decline in net earnings due to falling oil and gas prices.

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According to its earnings report released Thursday, net profit after tax fell to $8.4 billion, down from $10.9 billion in the same period of 2024. Group revenue also declined by 9% to $136.6 billion.

Shell attributed the decline to “lower realised liquids and gas prices,” which have come under pressure in recent months amid global economic uncertainty and increased supply.

CEO Wael Sawan attributed the slide to “lower realised liquids and gas prices”, noting that the firm is operating in a less favourable macroeconomic environment.

“We have been operating in a less favourable macro environment,” said Shell CEO Wael Sawan, noting the combined impact of softer demand and supply-side factors.

Energy prices have been sliding due to investor concerns that U.S. President Donald Trump’s tariffs could slow global economic growth.

At the same time, OPEC+ nations have ramped up oil output, further pressuring prices in global markets.

Despite the earnings dip, Shell said it remains committed to delivering shareholder value and announced plans to repurchase $3.5 billion worth of shares ahead of the stock market reopening in London.

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The announcement underscores Shell’s efforts to maintain investor confidence amid a challenging pricing environment.