Oil major Shell posts sharp fall in first-quarter profit on weaker crude prices

The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas.British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices.Shell reported adjusted earnings of $5.58 billion for the first three months of the year, beating analyst expectations of$5.09 billion, according to an LSEG-compiled consensus. A separate forecast from analysts polled by Vara Research had expected Shell's first-quarter profit to come in at $4.96 billion.Shell ...