Shell has chosen PricewaterhouseCoopers (PwC) as its next auditor after a tender process, with PwC set to replace EY from 2027, the oil major said on Friday.
Shell CEO Wael Sawan discusses investment opportunities in Venezuela during an interview with CNBC on Thursday.
Shell plc (SHEL) Q4 2025 Earnings Call Transcript
Shell PLC shares were relatively steady, down 0.85% at 2,843.5p, after the oil major missed earnings expectations for the fourth quarter but held the line on shareholder payouts, announcing a fresh $3.5 billion buyback and a 4% dividend increase. Adjusted earnings fell short of forecasts at $3.3 billion, around 7% below consensus.
Shell CEO Wael Sawan says tax adjustments and weakness in its chemicals business hurt the oil major in the fourth quarter but that 2025 was a "very good year" for the company overall.
Shell PLC reported its lowest quarterly profit since the start of 2021 as oil prices fell, but announced a 4% dividend increase and launched another $3.5 billion share buyback programme. Adjusted earnings came in at $3.26 billion for the fourth quarter of 2025, down 40% and below analyst expectations of $3.5 billion.
Adjusted earnings—a closely watched metric that strips out certain commodity-price adjustments and one-time charges—fell to $3.26 billion from $5.43 billion in the preceding quarter.
Adjusted earnings—a closely watched metric that strips out certain commodity-price adjustments and one-time charges—fell to $3.26 billion from $5.43 billion in the preceding quarter.
Shell's SHEL.L adjusted earnings, its definition of net profit, reached $3.26 billion in the fourth quarter, it said on Thursday, compared with $3.7 billion a year earlier and an average analyst estimate of $3.5 billion in a company-provided poll.
Shell is reporting fourth-quarter and full-year results on Thursday. The oil major has been aggressively buying back its shares in recent years but, with earnings likely to be hit by a weaker oil price, there are questions over whether it can keep up this pace.
SUBCY lands a sizeable Kaikias Waterflood contract, handling deepwater subsea installation work in the Gulf of America.
RBC Capital Markets has a dim view of Shell PLC ahead of Thursday's fourth-quarter results, having recently downgraded the big-cap oiler to ‘Sector Perform', citing concerns over weakening portfolio depth and softer operational performance. Previewing the upcoming numbers the Canadian bank noted that Shell's January trading update flagged challenges in its upstream operations and oil trading division, offset only partially by improved refining margins.