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. Its earnings for the last quarter of the year were $3.25bn, missing analyst expectations of $3.5bn and well below the $5.4bn reported for the previous three months. Shell continued to offer record-breaking shareholder payouts while growing its debt pile. Its net debt climbed to $45.7bn by the end
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