Shell is expected to report profit hit after oil woes

Shell is expected to announce lower profits as the energy giant battles price volatility in the sector

- ANITA WISE

SHELL is expected to report lower profits for recent months as the energy giant continues to battle oil price volatility and strives to return cash to its shareholders.

The FTSE 100-listed company is predicted to report adjusted earnings of 3.74 billion US dollars (£2.78 billion) for the second quarter, when it publishes its latest figures on Thursday.

This would be down sharply on the 6.29 billion dollars (£4.68 billion) made the same time last year.

It would mean the company generates earnings of 9.3 billion dollars (£6.9 billion) for the first half of 2025.