Company’s total debt rose to $45.7bn as adjusted earnings for 2025 fell 22% to $18.5bn owing to weaker oil prices

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Shell has increased its multibillion-pound debt pile to continue handing investors bumper payouts despite reporting a drop in annual profits on weaker oil prices.

The oil company reported a 22% fall in adjusted earnings to $18.5bn (£13.6bn) for 2025, down from $23.7bn in 2024, owing to steadily falling global oil market prices.

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