Shell Plc (NYSE:SHEL) stock fell on Thursday after the company posted fourth-quarter fiscal 2025 results.
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Adjusted earnings per American Depositary Share came in at $1.14, ahead of the consensus estimate of 63 cents.
The company posted its weakest quarterly profit in nearly five years, pressured by lower crude prices and unfavorable tax adjustments in the fourth quarter, CNBC reported Thursday. It marks Shell’s weakest quarterly result since the first three months of 2021, when adjusted earnings came in at $3.2 billion.
“I’d start off by saying it was actually a very strong operational quarter for us,” Shell CEO Wael Sawan told CNBC’s Squawk Box Europe on Thursday.
“A few things hurt us this quarter. Number one was some tax adjustments which went against us, chemicals has indeed been weak, but I would look to the strength actually of our integrated gas, upstream and marketing businesses,” Sawan said.
However, revenue fell short at $64.09 billion, compared with analysts’ forecast of $64.61 billion.
Total adjusted earnings reached $3.3 billion, down both year over year and sequentially, due to unfavorable tax movements along with weaker Marketing margins, lower realized prices, …