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Shell Q4 Earnings Decline on Lower Prices; Maintains Buybacks, Dividend and Capex Discipline

Shell plc (NYSE: SHEL) reported fourth-quarter 2025 adjusted earnings of $3.3 billion, reflecting lower commodity prices, seasonally weaker downstream performance and non-cash tax updates, while maintaining strong cash flow and shareholder distributions. Full-year adjusted earnings were $18.5 billion, down from $23.7 billion in 2024 amid lower oil and gas prices, while cash flow from operations […]
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