Shell profits climb 11 pc

LONDON, Feb 05 (AFP): British energy giant Shell said Thursday that its net profit rose 11 per cent last year as higher volumes and lower costs helped to offset falling oil and gas prices.

Profit after tax climbed to $17.84 billion in 2025 from $16.1 billion a year earlier, Shell said in a statement.

Energy prices faced pressure last year on concerns that US President Donald Trump's tariffs would hurt economic growth. They dropped further as a result of higher output by OPEC+ nations.

More recently, prices have rallied as Trump ramped up military threats against major oil producer Iran, but have since cooled on easing tensions between Washington and Tehran.