Shell Q4 Earnings Miss as Lower Oil Prices Pressure Results

Key Takeaways Shell posted Q4 EPS of $1.14, missing estimates as oil prices fell and tax adjustments hurt results.Shell's upstream profit slipped as liquids and gas prices dropped, despite higher overall production volumes.Shell returned cash via buybacks and dividends, but operating and free cash flow declined year over year.Europe’s largest oil company, Shell plc (SHEL) , reported fourth-quarter 2025 earnings per ADS (on a current cost of supplies basis, excluding items — the market’s preferred measure) o ...