Shell's revenue and expenses in Q4 2024 showed a significant increase compared to the previous quarter, Q3 2024, with total revenue reaching $86.02 billion1. This is a notable improvement from the $72.15 billion recorded in Q3 2024. However, when compared to the same quarter in the previous year, Q4 2023, there was a slight decrease in revenue, with $86.02 billion compared to $87.56 billion in Q4 20231.
On the other hand, Shell's expenses in Q4 2024 were $64.82 billion1, which is higher than the expenses in Q3 2024, which were $60.89 billion1. This indicates that despite the increase in revenue, Shell's expenses also rose, potentially affecting their profit margins.