Oil giant Shell posts larger-than-expected drop in full-year profit on lower crude prices

1. Shell's 2024 profit dropped to $23.72 billion, below expectations. 2. Company announced a $3.5 billion share buyback program. 3. Brent crude averaged $80 a barrel, affecting profit margins. 4. Shell reported $40 billion in free cash flow despite lower profits. 5. The firm aims to enhance profitability amidst global demand challenges.