Shell has reported its fourth-quarter 2024 financial results, revealing a decline in profit but maintaining its shareholder returns program.

Financial Performance

Adjusted earnings, which the company defines as net profit, were $3.3 billion for the quarter. This represents a nearly 10% decrease from the $3.7 billion reported in the same period the previous year. Furthermore, this result fell short of analyst expectations, which had a consensus estimate of $3.5 billion according to Vara Research data.

Shareholder Returns

Despite the profit decline, Shell has committed to returning capital to shareholders. The company announced a new $3.5 billion share buyback program, maintaining its recent pace. This marks the 17th consecutive quarter in which Shell has executed buybacks of at least $3 billion. Additionally, Shell increased its dividend by 4% to $0.372 per share.