By Holly Williams, PA Business Editor & Lawrence Matheson Shell has reported a drop in annual profits for 2023 due to lower oil and gas prices. The oil giant’s adjusted earnings, including taxes, were £22.4 billion ($28.3 billion), a decrease of 29% from 2022 when high oil prices led to record profits. Underlying earnings also fell by 19% to £54.1 billion ($68.5 billion), down from £66.6 billion ($84.3 billion) the previous year. This comes after oil prices dropped last year following significant increases in 2022 due to Russia’s invasion of Ukraine. However, Shell saw a 17% increase in underl…