Shell (RDSA.AS) Stock Price

Shell Price

NYSE·CLOSED
46.30USD+0.79 (+1.72 %)
Market closed

Revenue has compounded at 1.5% per year over the past 18 years to 229.65 B USD. Earnings per share have declined at 6.2% per year over the last 2 years. Shell's net margin stands at 7.7%, up from 4.3% several years earlier. Shell currently offers a dividend yield of about 1.50%. The payout ratio is around 92% of earnings. Analysts set a median price target of 24.33 USD, implying 47.5% below the current price. Of 24 analysts, 20 rate the stock a buy — an overall Buy consensus. The stock trades about 34% above its 52-week low.

Shell stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Shell over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Shell stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Shell's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Shell Stock Price History
DateShell Price
9/4/202646.30 USD
9/3/202645.51 USD
9/2/202645.85 USD
9/1/202646.50 USD
8/31/202645.80 USD
8/28/202645.13 USD
8/27/202646.15 USD
8/26/202644.01 USD
8/25/202645.90 USD
8/24/202647.11 USD
8/21/202644.80 USD
8/20/202646.24 USD
8/19/202646.97 USD
8/18/202645.40 USD
8/17/202645.71 USD
8/14/202644.60 USD
8/13/202645.36 USD
8/12/202645.48 USD
8/11/202645.21 USD
8/10/202643.66 USD
8/7/202643.34 USD
8/6/202644.50 USD
8/5/202644.55 USD
8/4/202645.33 USD
8/3/202645.26 USD
7/31/202644.01 USD
7/30/202645.00 USD
7/29/202643.85 USD
7/28/202643.64 USD
7/27/202641.51 USD
Access this data via the Eulerpool API

Shell Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
388.38 B USD
33.89 B USD
23.35 B USD
Jan 1, 2019
344.88 B USD
26.43 B USD
15.84 B USD
Jan 1, 2020
180.54 B USD
-23.75 B USD
-21.68 B USD
Jan 1, 2021
229.65 B USD
21.99 B USD
17.65 B USD
Jan 1, 2022 (e)
211.74 B USD
36.96 B USD
18.70 B USD
Jan 1, 2023 (e)
279.99 B USD
32.73 B USD
23.78 B USD
Jan 1, 2024 (e)
273.76 B USD
34.91 B USD
26.51 B USD
Jan 1, 2025 (e)
273.02 B USD
37.98 B USD
30.14 B USD

Shell Income Statement, Balance Sheet, Cash Flow Statement

Last updated Sep 6, 2026, 7:57 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
SHARESB
2010201120122013201420152016201720182019202020212022e2023e2024e2025e
332.09412.90410.25396.2738.49264.96233.59305.18388.38344.88180.54229.65211.74279.99273.76273.02
33.5524.33-0.64-3.41-90.29588.42-11.8430.6527.26-11.20-47.6527.20-7.8032.23-2.22-0.27
18.6515.6712.1010.679.335.857.539.4611.5510.66-7.2013.7113.7113.7113.7113.71
61.9364.7049.6542.283.5915.5117.5928.8644.8836.76-13.0031.4829.0338.3837.5337.43
31.9137.5132.9323.601.82-3.268.9118.5133.8926.43-23.7521.9936.9632.7334.9137.98
9.619.098.035.954.72-1.233.816.068.737.66-13.159.5717.4611.6912.7513.91
17.6827.1523.3514.381.361.944.5812.9823.3515.84-21.6817.6518.7023.7826.5130.14
60.7853.61-13.99-38.44-90.5542.68135.95183.6579.95-32.16-236.85-181.425.9327.1711.4713.70
0.70
8.818.818.818.818.818.818.816.359.468.818.818.818.818.818.818.81
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Shell generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Shell retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Shell's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Shell has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Shell's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Shell stock margins

The Shell margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Shell. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Shell.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
9.46 %
6.06 %
4.25 %
Jan 1, 2018
11.55 %
8.73 %
6.01 %
Jan 1, 2019
10.66 %
7.66 %
4.59 %
Jan 1, 2020
-7.20 %
-13.15 %
-12.01 %
Jan 1, 2021
13.71 %
9.57 %
7.69 %
Jan 1, 2022 (e)
13.71 %
17.46 %
8.83 %
Jan 1, 2023 (e)
13.71 %
11.69 %
8.49 %
Jan 1, 2024 (e)
13.71 %
12.75 %
9.68 %

Shell Stock Revenue, EBIT, Earnings per Share

The Shell earnings per share therefore indicates how much revenue Shell has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
48.10 USD
2.92 USD
2.05 USD
Jan 1, 2018
41.06 USD
3.58 USD
2.47 USD
Jan 1, 2019
39.13 USD
3.00 USD
1.80 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022 (e)
27.29 USD
4.19 USD
2.41 USD
Jan 1, 2023 (e)
36.09 USD
3.71 USD
3.06 USD
Jan 1, 2024 (e)
35.28 USD
3.96 USD
3.42 USD

Shell business model & stock analysis

Shell is one of the world's leading companies in the energy sector. The company was founded in 1907 and has since had a long history in petrochemicals and the exploration and production of oil and gas. Originally based in the Netherlands, Shell now has its headquarters in London and operates in over 70 countries worldwide. Shell's business model mainly consists of the search and production of oil and gas, as well as the manufacturing and sale of energy-related products. This is achieved through various divisions: 1. Upstream: In this area, Shell is primarily involved in the search and production of oil and gas reserves. The company invests in the exploration of these resources and operates in many countries around the world. Shell has a variety of oil and gas fields where it optimizes production performance and minimizes risks to ensure the delivery of energy. 2. Downstream: In this unit, Shell produces different products. This includes refineries, where crude oil is converted into various products such as gasoline, diesel, and aviation fuels. Additionally, the company is also involved in petrochemicals and produces ethylene, propylene, polyethylene, and polypropylene, which are raw materials for plastics and other industrial products. 3. New Energies: In this latest business area, Shell aims to develop and implement alternatives to traditional fossil fuels. The company plans to replace old energy sources such as coal and oil with renewable energy sources like wind and solar power. Shell also invests in battery technologies and hydrogen to improve energy supply worldwide. Shell offers a wide range of products and services, including various fuels for cars, ships, airplanes, and other types of transportation. The company also provides lubricants for various industries, such as aerospace and the oil and gas industry. The sale of fuels and other products is Shell's main business, but the company is also active in many other areas. For example, Shell operates a large number of gas stations and convenience stores worldwide and offers various card and mobility services. Shell's history is characterized by innovations and profound changes in the energy industry. Its origins date back over 100 years when the company was founded as Royal Dutch Shell. Since then, the company has continuously pioneered new technologies and energy sources while also acting environmentally conscious. Today, Shell is a leading company in the renewable energy sector. The company is committed to researching and developing new technologies for a carbon-free future. Reducing its own CO2 emissions is also a central concern for Shell. Overall, Shell is a significant player in the global energy market. The company offers a variety of services and products to customers in many different industries. Through continuous innovation and adaptation to customer needs, Shell secures a strong position in a constantly changing market.

Shell SWOT Analysis

Strengths

Shell is a global leader in the oil and gas industry with a strong brand presence and reputation.

The company has a diverse portfolio of business segments, including exploration, production, refining, and marketing.

Shell has a robust financial position and a strong track record of generating profits and cash flow.

The company invests heavily in research and development to drive innovation and technology advancement.

Weaknesses

Shell's operations are heavily reliant on the price of oil and gas, making it vulnerable to market volatility.

The company has faced criticism and legal challenges related to its environmental impact and climate change policies.

Shell's size and bureaucratic structure may hinder agility and decision-making speed.

The company faces ongoing challenges in maintaining its oil and gas reserves due to declining discoveries and depletion.

Opportunities

Shell can capitalize on the increasing demand for natural gas, renewable energy, and electric vehicles.

The company can leverage its expertise in offshore drilling to explore new reserves in untapped areas.

Shell can expand its presence in emerging markets with growing energy needs, such as Asia and Africa.

The transition to a low-carbon economy presents opportunities for Shell to invest in renewable energy projects.

Threats

Fluctuating oil and gas prices and political instability in oil-producing regions pose threats to Shell's profitability.

Increasing government regulations and societal pressure to reduce carbon emissions pose challenges for the company.

Competition from other oil and gas companies, as well as emerging renewable energy companies, can affect Shell's market share.

The shift towards alternative energy sources may reduce the long-term demand for oil and gas.

Shell Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Shell historical P/E ratio, EBIT multiple, and P/S ratio

Shell annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Shell shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
6.35 B Stocks
Jan 1, 2018
9.46 B Stocks
Jan 1, 2019
8.81 B Stocks
Jan 1, 2020
8.81 B Stocks
Jan 1, 2021
8.81 B Stocks
Jan 1, 2022 (e)
8.81 B Stocks
Jan 1, 2023 (e)
8.81 B Stocks
Jan 1, 2024 (e)
8.81 B Stocks

Shell stock splits

In Shell's history, there have been no stock splits.

Shell Dividend History

22 years of dividend payments

YearAnnual DividendYoY ChangePayments
20210.70USD 16.6%
20200.84USD 50.3%
20191.68USD 5.1%
20181.60USD 3.3%
20171.65USD 2.8%
20161.70USD 0.2%
20151.71USD 20.3%
20141.42USD 5.6%
20131.34USD 0.0%
20121.34USD 12.2%

Shell dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2017
93.96 %
Jan 1, 2018
75.26 %
Jan 1, 2019
108.67 %
Jan 1, 2020
92.63 %
Jan 1, 2021
92.19 %
Jan 1, 2022 (e)
97.83 %
Jan 1, 2023 (e)
94.21 %
Jan 1, 2024 (e)
94.74 %

Current Shell forecasts and price targets in September 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
83.33 % (20)
Hold
16.67 % (4)
Sell
0.00 % (0)
12M Price Target
24.33
Last Price
46.30
Currency
USD
12M Return Potential
-47.46 %
LTM Return
0 %

Shell Analyst Rating Actions

DateFirmActionRatingReliability
7/13/2021
Barclays
Barclays
UpgradeEqual WeightOverweight57
6/30/2021
Wells Fargo
Wells Fargo
MaintainedOverweight55
6/22/2021
Societe Generale
Societe Generale
UpgradeHoldBuy
9/24/2020
ScotiaBank
ScotiaBank
MaintainedSector OutperformOutperform75
5/1/2020
Wells Fargo
Wells Fargo
MaintainedEqual Weight55
4/30/2020
CFRA
CFRA
MaintainedHold
4/3/2020
Wells Fargo
Wells Fargo
MaintainedEqual Weight55
2/21/2020
CFRA
CFRA
MaintainedHold
2/12/2020
HSBC
HSBC
UpgradeHoldBuy
1/6/2020
Wells Fargo
Wells Fargo
DowngradeOverweightEqual Weight55

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Shell Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
10/28/20210.72USD-55.39 BUSD-2021 Q3
7/29/20210.64USD-51.95 BUSD-2021 Q2
4/29/20210.40USD-67.56 BUSD-2021 Q1
2/4/20210.09USD-56.25 BUSD-2020 Q4
10/29/20200.01USD-58.62 BUSD-2020 Q3
7/30/2020-0.26USD-54.33 BUSD-2020 Q2
4/30/20200.37USD-63.40 BUSD-2020 Q1
8/1/20190.62USD-90.16 BUSD-2019 Q2
11/1/20180.71USD-99.70 BUSD-2018 Q3
7/26/20180.75USD-99.26 BUSD-2018 Q2

Frequently asked questions about Shell

The business model of Shell is focused on energy and petrochemicals, with operations spanning all aspects of the oil and gas industry. Shell engages in upstream activities such as exploration, production, and transportation of oil and gas reserves. It also has downstream activities, including refining, distribution, and marketing of oil products and chemicals. The company emphasizes innovation and sustainable practices, investing in renewable energy sources and cleaner technologies. With a vast global presence, Shell aims to meet the world's growing energy demand while minimizing environmental impacts.

Shell is primarily active in the oil and gas industry. With its extensive portfolio of upstream exploration and production activities, Shell is involved in extracting crude oil and natural gas from various sources around the world. The company also plays a significant role in refining, marketing, and distributing petroleum products. Shell's operations encompass various sectors, including upstream exploration and production, downstream refining and marketing, and integrated gas activities. As one of the world's leading energy companies, Shell's expertise and presence span across the entire value chain of the oil and gas industry.

The main competitors of Shell in the market include ExxonMobil, Chevron, BP, Total, and ConocoPhillips.

Shell is a renowned energy company with a rich and extensive history. Founded in 1907, Shell has grown to become one of the largest oil companies globally. The company's origins trace back to a merger between Royal Dutch Petroleum Company and the Shell Transport and Trading Company Ltd. Throughout the years, Shell has diversified its operations to include not only oil and gas exploration, production, refining, and marketing but also renewable energy solutions. Today, Shell continues to play a significant role in shaping the energy industry through innovative technologies and sustainable practices. With a strong global presence, Shell remains committed to delivering reliable energy solutions to meet the world's growing needs.

Shell, a renowned global energy company, has achieved significant milestones throughout its history. Some noteworthy accomplishments include the discovery of major oil fields, such as the Brent and Groningen fields. Shell has also pioneered groundbreaking technologies, such as the development of liquefied natural gas (LNG), providing a cleaner alternative for energy consumption. Additionally, the company has maintained a leading position in deepwater exploration and production, with successful projects in places like the Gulf of Mexico and Brazil's Santos Basin. Shell's commitment to sustainable practices is evident through initiatives promoting renewable energy and reducing greenhouse gas emissions. With a rich legacy of innovation and environmental stewardship, Shell continues to shape the energy landscape.

Shell is primarily present in multiple countries and regions worldwide. As one of the largest multinational oil companies, Shell operates in more than 70 countries, including key regions such as Europe, Asia-Pacific, North and South America, the Middle East, and Africa. With a strong global presence, Shell engages in various aspects of the energy industry, including oil and gas exploration, production, refining, marketing, and distribution.

Shell represents strong values and a robust corporate philosophy. The company is committed to putting safety and responsible operations at the forefront of its business. Additionally, Shell strives for excellence by promoting technological advancements and innovation in the energy industry. With a focus on sustainability, Shell aims to provide cleaner energy solutions to meet the world's growing demand while reducing environmental impact. The company's commitment to social responsibility is evident through various initiatives that support local communities and contribute to the overall well-being of society. Shell's values encompass integrity, respect for people, and teamwork, which guide its decisions and actions to create value for shareholders and stakeholders alike.

Analysts currently set an average price target of 24.21 USD for the Shell stock (median: 24.33 USD), implying -47.7 % versus the latest price. The consensus is based on 24 analyst ratings.

24 analysts currently rate the Shell stock: 20 recommend buying, 4 holding and 0 selling.

Converted at the current exchange rate, the Shell share trades at 39.87 EUR (46.30 USD).

The Shell share (RDSA.AS) is listed on 7 stock exchanges, including: NYSE (RDS-A), NASDAQ (RDS-A), XETRA (R6C.DE), Frankfurt (R6C.F), München (R6C.MU), Stuttgart (R6C.SG), Berlin (R6C.BE).

Shell is a global leading company in the energy and chemical industry. It was founded in 1833 and is currently present in more than 70 countries. Shell's business model is based on the exploration, production, refining, and marketing of oil and gas, as well as the production and sale of chemicals and other products.

The revenue cannot currently be calculated for Shell.

The profit cannot currently be calculated for Shell.

The P/E ratio cannot be calculated for Shell at the moment.

The P/S cannot be calculated for Shell currently.

The Eulerpool Quality Score for Shell is 1/10.

The ISIN of Shell is GB00B03MLX29. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Shell is A0D94M. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Shell is RDSA.AS. The ticker symbol is used to trade Shell shares on the stock exchange.

The current dividend yield of Shell is 1.50 %.

Shell pays a dividend, distributed in the months of , , , .

Shell paid dividends every year for the past 0 years.

Shell is assigned to the 'Energy' sector.

To receive the latest dividend of Shell from amounting to 0.21 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

The dividends of Shell are distributed in USD.

All fundamentals and in-depth analysis of Shell

Our stock analysis for Shell stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Shell. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.