The company posted a net profit of $1.38 billion for the first three months of the year. This is only slightly higher than the profit made in the last quarter of 2024, when the company made $1.2 billion.
This figure missed the analyst’s expectations of $1.6 billion. This marks a decline from its previous year’s performance, when the company had managed to attain a net profit of $2.7 billion a year.
This marked a decline of nearly 50% in profits over the span of the year.
This comes at a time when the company recently announced its ambitions to pivot from its green goals, abandoning them under pressure from shareholders. In addition, the company also said that it would ramp up fossil fuel production.
When we look at the numbers, the company accrued net debt of $26.968 billion in the first quarter of 2025, which is higher than the previous quarter (December 2024), $22.997 billion.
In addition, the British energy major also announced a dividend per ordinary share of 8 cents and a share buyback of $750 million.
When we look at the company shares listed on the London Stock Exchange (LSE), the stock has declined by £16.55 or 4.51% in the past 5 trading sessions. This has brought the overall value of the company’s stocks to £350.30.
(Edited by : Poonam Behura)
