Shell (SHEL.L) Stock Price

Shell Price

🇬🇧LSE·CLOSED
41.95USD
Market closed
Today +/-
+1.14 USD
Today %
+2.74 %
PRO

Shell (SHEL.L) — ISIN GB00BP6MXD84. The Shell stock price was 41.95 USD in 2026. Revenue was 272.18 B USD. Earnings were 18.25 B USD. P/E ratio was 13.67. Shell operates in the Energy sector.

Shell stock price

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
3/5/202641.95 USD
2/26/202640.81 USD
2/25/202640.64 USD
2/24/202640.11 USD
2/23/202640.02 USD
2/20/202639.66 USD
2/19/202639.66 USD
2/18/202639.54 USD
2/17/202638.90 USD
2/16/202639.06 USD
2/13/202639.14 USD
2/12/202639.34 USD
2/11/202639.72 USD
2/10/202638.63 USD
2/9/202638.65 USD
2/6/202637.78 USD
2/5/202637.46 USD
2/4/202639.14 USD

Shell Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
318.85 B USD
37.68 B USD
25.44 B USD
Jan 1, 2007
355.78 B USD
38.56 B USD
31.33 B USD
Jan 1, 2008
458.36 B USD
40.31 B USD
26.28 B USD
Jan 1, 2009
278.19 B USD
16.45 B USD
12.52 B USD
Jan 1, 2010
368.06 B USD
29.1 B USD
20.13 B USD
Jan 1, 2011
470.17 B USD
42.59 B USD
30.83 B USD
Jan 1, 2012
467.15 B USD
37.02 B USD
26.71 B USD
Jan 1, 2013
451.24 B USD
26.95 B USD
16.37 B USD
Jan 1, 2014
421.11 B USD
19.89 B USD
14.87 B USD
Jan 1, 2015
264.96 B USD
5.79 B USD
1.94 B USD
Jan 1, 2016
233.59 B USD
1.15 B USD
4.58 B USD
Jan 1, 2017
305.18 B USD
17.29 B USD
12.98 B USD
Jan 1, 2018
388.38 B USD
30.72 B USD
23.35 B USD
Jan 1, 2019
344.88 B USD
25.82 B USD
15.84 B USD
Jan 1, 2020
180.54 B USD
1.44 B USD
-21.68 B USD

Shell Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 6, 2026, 2:36 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
2002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
163.45198.36266.39306.73318.85355.78458.36278.19368.06470.17467.15451.24421.11264.96233.59305.18388.38344.88180.54261.5381.31316.62284.31266.89272.18290.35309.63275.22275.22
21.3634.2915.153.9511.5828.83-39.3132.3027.74-0.64-3.41-6.68-37.08-11.8430.6527.26-11.20-47.6544.8445.82-16.97-10.20-6.131.996.676.64-11.12
17.0016.7416.1917.6417.5219.7615.9717.9116.4215.6515.2415.4415.1515.9318.2318.0517.2518.9821.8524.0025.5224.7925.6125.4024.9123.3521.8924.6324.63
27.833.2243.1354.1155.8670.3173.2149.8160.4273.5771.2169.6563.7942.2242.5855.0867.0165.4639.4562.7797.3178.572.8167.7967.7967.7967.7967.7967.79
9.6712.3218.5425.3125.4431.3326.2812.5220.1330.8326.7116.3714.871.944.5812.9823.3515.84-21.6820.142.3119.3616.0917.8418.2520.9325.5628.8538.05
27.4150.4636.520.5223.15-16.13-52.3660.7853.16-13.35-38.71-9.14-86.96135.95183.6579.95-32.16-236.85-192.72110.48-54.24-16.8710.842.3014.6922.1212.8831.90
----0.981.081.071.251.251.201.341.341.421.711.701.651.601.680.840.700.801.001.411.490.371.091.36--
10.20-0.9316.82-4.0011.675.9720.42-0.58-2.94-3.035.00-50.00-16.6714.2925.0041.005.67-75.17194.5924.77
6.776.776.786.696.446.286.176.136.146.226.276.296.316.397.898.38.358.117.87.817.416.86.365.955.955.955.955.955.95
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.

 
ASSETS
CASH BALANCE (B USD)
RECEIVABLES (B USD)
OTHER REC. (B USD)
INVENTORIES (B USD)
OTHER CURRENT LIAB. (B USD)
CURRENT ASSETS (B USD)
TANGIBLE ASSETS (B USD)
LONG-T. INVEST. (B USD)
LONG-T. REC. (B USD)
INTANGIBLE ASSETS (B USD)
GOODWILL (B USD)
OTHER NON-CURRENT ASSETS (B USD)
NON-CURRENT ASSETS (B USD)
TOTAL ASSETS (B USD)
LIABILITIES
COMMON STOCK (M USD)
ADDITIONAL PAID-IN CAPITAL (M USD)
RETAINED EARNINGS (B USD)
OTHER EQUITY (B USD)
UNREAL. GAINS/LOSSES (M USD)
EQUITY (B USD)
LIABILITIES (B USD)
PROVISIONS (B USD)
OTHER SHORT-TERM LIAB. (B USD)
SHORT-TERM DEBTS (B USD)
LONG-TERM DEBT PORTION (B USD)
SHORT-TERM REC. (B USD)
LONG-T. LIAB. (B USD)
DEFERRED TAXES (B USD)
OTHER LIAB. (B USD)
LONG-T. LIABILITIES (B USD)
DEBT (B USD)
TOTAL CAPITAL (B USD)
200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
                        
1.561.959.211.7399.6615.199.7213.4411.2918.559.721.6131.2318.7820.1926.4817.6231.7736.8640.0938.3137.8430.22
28.7619.6237.4731.2332.8745.4532.6231.9740.4279.5143.9342.0431.5722.7127.9431.5928.5331.1322.5135.7742.0637.2931.9444.6
03.604.464.416.325.526.16.2908.848.328.976.697.569.048.5487.448.479.949.838.20
11.3412.6915.3819.7823.2231.519.3427.4129.3528.9830.7830.0119.715.8221.7825.2221.1224.0719.4625.2631.8926.0223.4322.22
05.75030.722.3822.4643.921.2623.39012.6313.2817.9416.910.529.3612.8111.8610.7922.4241.9622.6726.5210.14
41.6643.6162.0597.8991.89115.4116.5796.46112.89119.78114.73103.3499.7893.3686.5795.497.4892.6991.95128.77165.94134.12127.93107.17
78.3687.0987.9287.56100.99101.52112.04131.62142.71152.08172.29191.9192.47182.84236.1226.38223.18238.35209.7194.93198.64194.84185.22185.08
21.0822.7723.1920.5825.2332.6132.3935.0537.2243.4843.2239.3335.6733.5739.2135.1528.425.825.6727.2127.2327.725.729.33
2.832.744.494.095.475.766.769.168.979.265.175.625.956.287.746.856.016.656.325.554.764.114.568.25
4.74.741.841.671.882.22.042.222.051.91.861.834.684.2710.9810.529.879.288.679.779.6610.259.4811.01
002.692.682.933.162.983.142.992.622.622.562.42.0112.9913.6613.7214.2114.0414.9216.0416.6616.0315.66
4.518.615.275.056.898.819.6214.5415.738.3610.4112.9312.1717.8317.6919.1320.5417.3722.9123.2320.7618.5918.713.85
111.48125.95125.4121.62143.39154.07165.83195.72209.67217.7235.56254.17253.34246.8324.71311.69301.71311.65287.31275.61277.09272.16259.68263.18
153.13169.56187.45219.52235.28269.47282.4292.18322.56337.47350.29357.51353.12340.16411.28407.1399.19404.34379.27404.38443.02406.27387.61370.35
                        
00604571545536527527529536542542540546683696685657651641584544510477
000001541541541541541541541541541541541541541541541541541540
0089.6594.16108.5116.28130.14132.51145.16167.96185.76188.83192.19185.24214.61216.47221.1210.9180.95191.43208.12204.76197.82174.76
60.2872.50009.38-1.674.954.96-7.18-9.42-7.55-19.73-22.48-27.9-22.04-22.03-24.17-25.74-19.65-17.66-17.89-19.30
00000000000000000000039-690
60.2872.590.2694.73109.04126.35129.15138.14150.8161.47177.04181.98173.16163.46187.55195.27199.91187.54156.02172.58191.2187.6179.11175.24
32.1915.9437.9127.0728.9639.9629.5832.7938.8681.8547.3245.8234.8326.330.0435.2233.232.8125.9538.9351.0742.1136.1857.77
07.580.348.189.9410.9113.791312.930.3911.8812.213.0211.6612.4111.0210.5413.6811.6914.6318.2316.2414.680
10.1419.8810.8744.3831.7837.7752.6634.8338.8113.7129.9526.8931.1527.4621.8921.7423.9418.0719.1833.7743.0127.1932.5515.52
00000000001.85.041.590.91.791.210.693.967.540.521.030.850.640
12.8711.035.735.346.065.749.54.179.956.716.043.35.624.637.710.589.4411.19.367.77.989.0910.999.13
55.254.4254.8584.9676.7594.38105.5384.79100.55102.6696.9893.2686.2170.9573.8379.7777.8179.6273.7195.55121.3195.4795.0382.42
6.829.18.867.589.7112.3613.7730.8634.3830.4629.9236.2238.3352.8582.9973.8766.6981.3691.1280.8774.7971.6165.4566.52
12.5515.1912.9310.7613.0913.0412.5213.8413.3910.110.3111.9412.058.9815.2713.0114.8414.5210.4612.5516.1915.3513.5111.98
14.7214.9419.4218.2920.7823.7221.7224.5624.4634.2936.934.9543.7343.2650.6742.6437.3238.3745.4540.0938.1435.4833.4534.12
34.0939.2241.2136.6343.5849.1248.0169.2672.2374.8577.1383.1194.12105.09148.94129.52118.85134.25147.02133.51129.12122.44112.41112.62
89.2993.6596.06121.59120.33143.5153.54154.05172.78177.51174.11176.36180.33176.04222.76209.29196.66213.87220.73229.05250.43217.91207.44195.03
149.56166.14186.32216.33229.37269.85282.69292.19323.58338.98351.15358.34353.49339.5410.31404.56396.57401.41376.75401.63441.63405.51386.55370.27
Details

Balance Sheet

What Is the Balance Sheet?

The balance sheet is a financial snapshot of Shell at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives Shell financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means Shell is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether Shell is strengthening or weakening its financial position.

 
NET INCOME (B USD)
DEPRECIATION (B USD)
DEFERRED TAXES (B USD)
CHANGES IN WORKING CAPITAL (B USD)
NON-CASH ITEM (B USD)
PAID INTEREST (B USD)
PAID TAXES (B USD)
NET CASH FLOW FROM OPERATING ACTIVITIES (B USD)
CAPITAL EXPENDITURES (M USD)
CASH FLOW FROM INVESTING ACTIVITIES (M USD)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (B USD)
INTEREST INCOME AND EXPENSES (M USD)
NET DEBT CHANGE (B USD)
NET CHANGE IN EQUITY (M USD)
CASH FLOW FROM FINANCING ACTIVITIES (B USD)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (USD)
TOTAL DIVIDENDS PAID (M USD)
NET CHANGE IN CASH FLOW (B USD)
FREE CASH FLOW (M USD)
SHARE-BASED COMPENSATION (M USD)
200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025
9.6612.3119.2626.2626.3131.9326.4812.7220.4731.0926.9616.5314.732.24.7813.4423.9125.49-26.9729.8364.8232.6329.9229.76
8.7411.7112.8511.9812.6213.1813.6614.4615.613.2314.6221.5124.526.7124.9926.2222.1428.752.4426.9218.5331.2926.8725.3
0.42-0.62-1.01-1.521.83-0.77-1.03-1.93-1.931.860.34-2.7-1.72-5.83-0.82-3.920.220000000
-2.29-0.05-14.53-24.95-25.36-25.87-18.48-13.45-21.3-30.04-17.44-14.38-5.390.5-11.95-9.18-4.51-14.953.98-9.22-17.73-12.66-7.07-15.05
-0.25-1.639.9718.7216.7616.5923.5410.3315.2221.3922.5720.0613.736.984.319.8911.873.485.01-1.893.613.635.72.86
000.961.121.31.241.370.91.311.671.431.311.481.742.943.553.574.654.114.013.684.444.564.1
0010.7619.2421.0518.8625.879.2415.3622.6221.0320.3114.37.674.436.319.677.613.295.4813.1213.711211.64
16.2821.7226.5430.1131.734.4643.9221.4927.3536.7746.1440.4445.0429.8120.6235.6553.0942.1834.1145.168.4154.1954.6942.87
-12,102-12,252-13,566-15,904-22,922-24,576-35,065-26,516-26,940-26,301-32,576-40,145-31,854-26,131-22,116-20,845-23,011-22,971-16,585-19,000-22,600-22,993-19,601-18,947
-20,633-8,252-5,964-8,761-20,861-14,570-28,915-26,234-21,972-20,443-28,453-40,146-19,657-22,407-30,963-8,029-13,659-15,779-13,278-4,761-22,448-17,734-15,155-16,812
-8.5347.67.142.0610.016.150.284.975.864.12-012.23.72-8.8512.829.357.193.3114.240.155.264.452.14
000000000000000000000000
6.72-4.68-4.33-1.562.111.314.8310.79.26-7.12-0.025.40.3614.8911.07-11.83-8.33-3.425.59-19.73-7.87-9.83-9.62-9.15
000000000-2,035-1,526-5,565-3,096-40900-3,947-10,188-1,702-2,889-18,437-14,617-13,898-13,879
-0.92-13.22-13.59-18.57-13.74-19.39-9.39-0.83-1.47-18.13-10.63-8.98-12.793.81-0.77-27.09-32.55-35.21-7.22-34.66-41.95-38.24-38.44-35.81
-671.00-2,296.00-1,873.00-6,462.00-7,705.00-11,706.00-4,704.00-1,004.00-1,139.00-2,095.00-1,697.00-1,610.00-607.00-1,300.00-2,168.00-4,380.00-4,595.00-6,408.00-3,683.00-5,793.00-8,240.00-5,393.00-6,250.00-4,313.00
-6,961-6,248-7,391-10,556-8,142-9,001-9,516-10,526-9,584-6,877-7,390-7,198-9,444-9,370-9,677-10,877-15,675-15,198-7,424-6,253-7,405-8,393-8,668-8,471
-5.110.47.092.53-2.730.655.53-5.473.73-2.157.26-8.8511.9110.15-12.621.186.43-8.6913.785.143.28-1.470.34-8.9
4,1819,46712,97114,2098,7749,8858,853-5,02841010,47013,56429513,1903,679-1,50114,80530,07419,20717,52026,10445,81431,19835,08623,918
000000000000000000000000

Unlock the full history with 30+ years of data and forecast estimates.

Unlock all data — PRO

Shell Stock Quarterly Figures

 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (B)
2004 Q12004 Q22004 Q32004 Q42005 Q12005 Q22005 Q32005 Q42006 Q12006 Q22006 Q32006 Q42007 Q12007 Q22007 Q32007 Q42008 Q12008 Q22008 Q32008 Q42009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q32017 Q42018 Q12018 Q22018 Q32018 Q42019 Q12019 Q22019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q22022 Q32022 Q42023 Q12023 Q22023 Q32023 Q42024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q1e2026 Q2e2026 Q3e2026 Q4e
57.2762.1370.6976.372.1682.6476.4475.575.9683.1384.2575.573.4884.990.7106.7114.3131.42131.5781.0758.2263.8875.0181.0886.0690.5790.71100.71109.92121.26123.41115.58119.92117.07112.12118.05112.81112.67116.51109.24109.66111.22107.8592.3765.7172.468.7158.1548.5558.4261.8664.7771.872.1375.8385.4289.2496.77100.15102.2383.7490.5486.5984.0160.0332.544.0243.9955.6760.5260.0485.2884.2100.0695.75101.386.9674.5876.3578.7372.4874.4671.0966.2869.2365.4168.1564.0971.8970.9673.2566.37
8.4913.777.95-5.4314.54-7.51-1.230.629.431.36-10.39-2.6815.546.8417.647.1214.980.11-38.38-28.199.7217.428.096.155.240.1611.039.1410.311.77-6.353.76-2.38-4.235.29-4.44-0.123.41-6.240.381.43-3.03-14.35-28.8710.19-5.10-15.37-16.5020.315.894.7110.850.475.1312.654.468.443.502.07-18.098.13-4.36-2.99-28.54-45.8535.43-0.0726.548.71-0.7842.03-1.2618.83-4.315.80-14.16-14.242.383.12-7.942.74-4.53-6.764.46-5.534.20-5.9612.17-1.303.22-9.38
17.1716.5317.0914.3418.8415.9520.5815.3718.4918.3916.4616.7617.4419.0615.4215.0915.3321.3215.429.1120.6018.2617.7915.8118.4416.4315.8515.1717.4715.8315.0414.3816.5213.3816.3814.7217.5114.8814.8114.5317.0016.2614.6412.2017.6918.5814.0812.8417.5117.0818.7019.3619.3216.5819.1017.2817.6917.2117.8016.3820.8516.7019.2719.2718.0526.4225.5519.9526.0325.8417.4226.0126.7427.0320.0128.2326.9722.8627.2721.8227.3226.1223.5325.3925.7625.0725.5325.2222.4822.7822.0724.35
9.8310.2712.0810.9413.5913.1815.7311.6114.0415.2913.8712.6512.8116.1813.9916.117.5228.0120.297.3811.9911.6613.3412.8115.8714.8814.3815.2819.219.218.5616.6219.8115.6618.3617.3819.7516.7717.2615.8818.6418.0915.7911.2711.6313.469.687.478.59.9811.5712.5413.8711.9614.4814.7615.7816.6617.8316.7517.4615.1216.6916.1910.838.5911.258.7814.4915.6410.4622.1822.5227.0419.1628.5923.4517.0520.8217.1819.819.4516.7316.8317.8416.417.416.1616.1616.1616.1616.16
4.73.95.374.576.685.249.034.376.897.325.945.287.288.676.928.479.0811.568.45-2.813.493.823.251.965.484.393.466.798.788.666.986.418.744.087.166.738.181.744.681.784.515.314.460.64.433.99-7.420.940.481.181.381.543.541.554.093.815.96.025.845.59635.880.96-0.02-18.130.49-4.015.663.43-0.4511.467.1218.046.7410.418.713.137.040.477.363.524.290.934.783.65.324.144.454.44.554.72
-17.1037.82-14.8946.03-21.5672.50-51.6457.816.25-18.87-11.0937.8219.04-20.2022.437.2827.23-26.90-133.26-224.139.58-15.04-39.61179.50-19.85-21.1796.0729.31-1.34-19.46-8.1436.35-53.2775.46-6.0921.52-78.75169.26-61.92153.1717.70-15.90-86.67644.54-10.02-286.05-112.66-48.46142.7717.0212.07129.59-56.33164.53-6.8554.952.12-3.07-4.267.35-50.0496.10-83.60-102.4975,445.83-102.70-920.86-241.01-39.43-113.04-2,663.98-37.91153.51-62.6254.38-16.34-64.01124.76-93.301,458.90-52.2022.01-78.37415.09-24.6747.79-22.307.71-1.323.533.71
0.51-0.380.52-0.23-0.230.230.250.250.25--0.260.24---0.28---0.30--0.310.29---0.32---0.33---0.32-0.36-0.42---0.42---0.39---0.38---0.42---0.14---0.14---0.18----0.240.230.260.26---0.27---0.37----
36.848.70-7.69-6.45-4.1713.04
6.816.816.766.756.756.736.76.596.546.486.46.346.316.36.296.256.216.286.166.126.126.136.136.136.136.146.146.156.176.236.256.246.246.366.276.296.316.326.276.276.296.326.336.36.386.386.336.427.238.058.118.178.228.298.328.368.388.388.358.298.218.158.0787.827.797.827.787.837.847.777.747.667.527.347.126.986.856.746.636.56.426.266.46.0965.915.85.85.85.85.8
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.

Unlock the full history with 30+ years of data and forecast estimates.

Unlock all data — PRO

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.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
17.52 %
11.82 %
7.98 %
Jan 1, 2007
19.76 %
10.84 %
8.81 %
Jan 1, 2008
15.97 %
8.79 %
5.73 %
Jan 1, 2009
17.91 %
5.91 %
4.5 %
Jan 1, 2010
16.42 %
7.91 %
5.47 %
Jan 1, 2011
15.65 %
9.06 %
6.56 %
Jan 1, 2012
15.24 %
7.93 %
5.72 %
Jan 1, 2013
15.44 %
5.97 %
3.63 %
Jan 1, 2014
15.15 %
4.72 %
3.53 %
Jan 1, 2015
15.93 %
2.18 %
0.73 %
Jan 1, 2016
18.23 %
0.49 %
1.96 %
Jan 1, 2017
18.05 %
5.67 %
4.25 %
Jan 1, 2018
17.25 %
7.91 %
6.01 %
Jan 1, 2019
18.98 %
7.49 %
4.59 %
Jan 1, 2020
21.85 %
0.8 %
-12.01 %

Shell Stock Sales 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.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details
Date
Sales per Share
EBIT per share
Earnings per Share
Jan 1, 2006
49.51 USD
5.85 USD
3.95 USD
Jan 1, 2007
56.62 USD
6.14 USD
4.99 USD
Jan 1, 2008
74.27 USD
6.53 USD
4.26 USD
Jan 1, 2009
45.39 USD
2.68 USD
2.04 USD
Jan 1, 2010
59.95 USD
4.74 USD
3.28 USD
Jan 1, 2011
75.57 USD
6.85 USD
4.95 USD
Jan 1, 2012
74.53 USD
5.91 USD
4.26 USD
Jan 1, 2013
71.7 USD
4.28 USD
2.6 USD
Jan 1, 2014
66.72 USD
3.15 USD
2.36 USD
Jan 1, 2015
41.44 USD
0.91 USD
0.3 USD
Jan 1, 2016
29.6 USD
0.15 USD
0.58 USD
Jan 1, 2017
36.77 USD
2.08 USD
1.56 USD
Jan 1, 2018
46.52 USD
3.68 USD
2.8 USD
Jan 1, 2019
42.51 USD
3.18 USD
1.95 USD
Jan 1, 2020
23.16 USD
0.18 USD
-2.78 USD

Shell business model

Shell Plc engages the production of oil and natural gas. The firm is engaged in the exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. The Company’s segments include Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate. The Integrated Gas segment includes liquefied natural gas, conversion of natural gas into gas-to-liquid fuels and other products. The Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. The Marketing segment comprises the Mobility, Lubricants, and Sectors and Decarbonisation businesses. The Chemicals and Products segment includes chemicals manufacturing plants with their own refineries which turn crude oil and other feedstocks into a range of oil products. The Renewables and Energy Solutions segment includes Shell’s Integrated Power activities.

Shell Segments

Shell Revenue by Segment (1/4)

  • 3 Years

  • Max

Marketing
Chemicals and Products
Integrated Gas
Renewables and Energy Solutions
Upstream
Corporate
Details
Date
Marketing
Chemicals and Products
Integrated Gas
Renewables and Energy Solutions
Upstream
Corporate
Jan 1, 2021
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2022
120.64 B USD
144.34 B USD
54.75 B USD
53.19 B USD
8.35 B USD
41 M USD
Jan 1, 2023
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2024
120.09 B USD
90.92 B USD
37.29 B USD
29.37 B USD
6.61 B USD
43 M USD

Shell Revenue by Segment (2/4)

  • 3 Years

  • Max

Oil Products
Integrated Gas
Upstream
Details
Date
Oil Products
Integrated Gas
Upstream
Jan 1, 2021
182.9 B USD
0 USD
0 USD
Jan 1, 2022
0 USD
0 USD
0 USD
Jan 1, 2023
0 USD
37.65 B USD
6.48 B USD
Jan 1, 2024
0 USD
0 USD
0 USD

Shell Revenue by Segment (3/4)

  • 3 Years

  • Max

Chemicals and Products
Integrated Gas
Chemicals
Upstream
Corporate
Details
Date
Chemicals and Products
Integrated Gas
Chemicals
Upstream
Corporate
Jan 1, 2021
0 USD
52.41 B USD
16.99 B USD
9.16 B USD
43 M USD
Jan 1, 2022
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2023
118.78 B USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2024
0 USD
0 USD
0 USD
0 USD
0 USD

Shell Revenue by Segment (4/4)

  • Max

Marketing
Renewables and Energy Solutions
Corporate
Details
Date
Marketing
Renewables and Energy Solutions
Corporate
Jan 1, 2021
0 USD
0 USD
0 USD
Jan 1, 2022
0 USD
0 USD
0 USD
Jan 1, 2023
108.86 B USD
44.82 B USD
42 M USD
Jan 1, 2024
0 USD
0 USD
0 USD

Shell Revenue by Region

  • 3 Years

  • Max

European Union
Asia, Oceania, Africa
Europe
United States (Federal)
USA
United States of America (Federal)
UK
Other Americas
United Kingdom
Details
Date
European Union
Asia, Oceania, Africa
Europe
United States (Federal)
USA
United States of America (Federal)
UK
Other Americas
United Kingdom
Jan 1, 2021
0 USD
87.07 B USD
78.55 B USD
0 USD
73.65 B USD
0 USD
21.85 B USD
22.24 B USD
0 USD
Jan 1, 2022
135.98 B USD
126.64 B USD
0 USD
87.09 B USD
0 USD
0 USD
50.24 B USD
31.61 B USD
0 USD
Jan 1, 2023
0 USD
99.97 B USD
118.14 B USD
0 USD
0 USD
70.29 B USD
0 USD
28.23 B USD
44.82 B USD
Jan 1, 2024
0 USD
98.34 B USD
92.48 B USD
0 USD
0 USD
65.09 B USD
0 USD
28.4 B USD
28.01 B USD

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

The number of shares was Shell in 2025 — This indicates how many shares 5.949 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
6.44 B base_Shares
Jan 1, 2007
6.28 B base_Shares
Jan 1, 2008
6.17 B base_Shares
Jan 1, 2009
6.13 B base_Shares
Jan 1, 2010
6.14 B base_Shares
Jan 1, 2011
6.22 B base_Shares
Jan 1, 2012
6.27 B base_Shares
Jan 1, 2013
6.29 B base_Shares
Jan 1, 2014
6.31 B base_Shares
Jan 1, 2015
6.39 B base_Shares
Jan 1, 2016
7.89 B base_Shares
Jan 1, 2017
8.3 B base_Shares
Jan 1, 2018
8.35 B base_Shares
Jan 1, 2019
8.11 B base_Shares
Jan 1, 2020
7.8 B base_Shares

Shell stock splits

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

Shell Dividend History

37 years of dividend payments · 4 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.37USDYTD
Feb 19, 20260.37USD 3.9%1/1
20251.71USD 21.4%
Feb 13, 20250.28USD 2.8%1/5
Feb 14, 20250.36USD 29.5%2/5
May 15, 20250.36USD 0.6%3/5
Aug 14, 20250.36USD 0.0%4/5
Nov 13, 20250.36USD 0.0%5/5
20241.41USD 41.7%

Shell dividend history and estimates

In 2025, Shell paid a dividend amounting to 1.71 USD. Dividend means that Shell distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2006
0.98 USD
0 USD
Jan 1, 2007
1.08 USD
0 USD
Jan 1, 2008
1.07 USD
0 USD
Invalid Date
1.21 USD
0.05 USD
Jan 1, 2010
1.25 USD
0 USD
Jan 1, 2011
1.2 USD
0 USD
Jan 1, 2012
1.34 USD
0 USD
Invalid Date
1.34 USD
0 USD
Jan 1, 2014
1.42 USD
0 USD
Jan 1, 2015
1.71 USD
0 USD
Jan 1, 2016
1.7 USD
0 USD
Jan 1, 2017
1.65 USD
0 USD
Jan 1, 2018
1.6 USD
0 USD
Jan 1, 2019
1.68 USD
0 USD
Jan 1, 2020
0.84 USD
0 USD

Shell dividend payout ratio

In 2025, Shell had a payout ratio of 28.16%. The payout ratio indicates the percentage of the company's profits that Shell distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
24.81 %
Jan 1, 2007
21.59 %
Jan 1, 2008
25.06 %
Jan 1, 2009
59.16 %
Jan 1, 2010
38.22 %
Jan 1, 2011
24.17 %
Jan 1, 2012
31.51 %
Jan 1, 2013
51.62 %
Jan 1, 2014
60.05 %
Jan 1, 2015
568.33 %
Jan 1, 2016
293.52 %
Jan 1, 2017
106.08 %
Jan 1, 2018
57.15 %
Jan 1, 2019
86.26 %
Jan 1, 2020
-30.04 %

Current Shell forecasts and price targets in March 2026

Δ MOM Price Target
1.01 %
Buy50.00 % (13)
Hold50.00 % (13)
Sellnull % (0)
12M Price Target
4,159.03
Last Price
31.60
Currency
USD
12M Return Potential
13,061.48 %
LTM Return
0 %

Shell Earnings Estimates

Shell Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/2/20240.91USD60.48 BUSD2024 Q1
1/31/20241.09USD81.3 BUSD2023 Q4

EESG©

Eulerpool ESG Scorecard© for the Shell stock

85/100
85
Environment
86
Social
84
Governance
E

Environment

20
Scope 1 - Direct Emissions50,000,000
Scope 2 - Indirect emissions from purchased energy8,000,000
Scope 3 - Indirect emissions within the value chain1,084,000,000
Total CO₂ emissions58,000,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees35
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Shell shareholders

% Name
3.28656%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.16886%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
2.67637%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.36211%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
1.03161%
Capital Research Global Investors
Capital Research Global Investors
0.98013%
State Street Global Advisors (US)
State Street Global Advisors (US)
0.79711%
Legal & General Investment Management Ltd.
Legal & General Investment Management Ltd.
0.72620%
Vanguard Global Advisers LLC
Vanguard Global Advisers LLC
0.65663%
SAFE Investment Company Limited
SAFE Investment Company Limited
0.64102%
State Street Global Advisors (UK) Ltd.
State Street Global Advisors (UK) Ltd.
...

Shell Executives and Management Board

WS

Mr. Wael Sawan

(50)

Chief Executive Officer, Member of the Executive Committee, Executive Director · since 2019

Compensation8.62 M USD
SG

Ms. Sinead Gorman

(47)

Chief Financial Officer, Executive Director, Member of the Executive Committee · since 2022

Compensation7.25 M USD
SM

Sir Andrew Mackenzie

(68)

Non-Executive Chairman of the Board

Compensation851,000 USD
SR

Sir Charles Roxburgh

(65)

Independent Non-Executive Director

Compensation281,000 USD
DB

Mr. Dick Boer

(67)

Non-Executive Deputy Chairman of the Board, Senior Independent Director

Compensation229,000 USD

Shell Research

Soon

Deep-dive analyses, investment theses, and proprietary research — curated by Eulerpool.

Research reports are coming soon

We're building institutional-grade equity research for Shell and thousands of other companies.

Most common questions regarding Shell

All fundamentals about Shell

Our stock analysis for Shell Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.