Profit Decline Coincides with Significant Oil Price Drop

During the final three months of the year, profits decreased by 30%, totaling $1.54 billion. This period notably coincided with Brent crude oil prices falling below $60 per barrel, marking the first time this has occurred in over four years.

Profits saw a substantial 30% decrease, totaling $1.54 billion, during a quarter where Brent crude oil prices fell below $60 per barrel for the first time in over four years.