Shell plc, a distinguished energy and petrochemical corporation, is headquartered in London, United Kingdom, and was originally founded in 1907. Known as Royal Dutch Shell plc until its name change in January 2022, the company maintains a formidable global presence, conducting operations across Europe, Asia, Oceania, Africa, and both North and South America. Its comprehensive business activities are categorized into several key divisions: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. Shell's core operations involve the exploration for and extraction of crude oil, natural gas, and natural gas liquids. Beyond production, the company is deeply involved in the marketing, transportation, and strategic infrastructure development required to deliver these energy resources to consumers. This includes the manufacturing of gas-to-liquids fuels and a variety of other refined products. Shell also operates a substantial trading arm, dealing in commodities such as natural gas, liquefied natural gas (LNG), crude oil, electricity, and carbon emission rights. Its refining capabilities convert crude oil and various feedstocks into a wide range of essential products, including gasoline, diesel, aviation and marine fuels, lubricants, bitumen, and sulfur, while also developing low-carbon fuel alternatives. In the chemical sector, Shell is a significant producer of petrochemicals for industrial use, manufacturing base chemicals like ethylene, propylene, and aromatics, alongside intermediate chemicals such as styrene monomer, propylene oxide, and various solvents. The company also manages oil sands assets. Looking to the future of energy, Shell is actively investing in and developing renewable solutions. This includes generating electricity from wind and solar power, pioneering hydrogen production and sales, and establishing a network of electric vehicle charging services. Furthermore, Shell promotes LNG as a viable fuel source for heavy-duty transportation.
Price Overview
Last updated: Jul 7, 2026 5:45am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 6.08
Total Equity: $174.39B
Shares: 2,974,300,000
Total Debt: $75.64B
Cash: $30.22B
EBITDA: $56.66B
Total Debt: $75.64B
Cash: $30.22B
Revenue: $266.89B
Revenue: $266.89B
Revenue: $266.89B
Total Equity: $174.39B
Tax Rate: 39.1%
Equity: $174.39B
Total Debt: $75.64B
Cash: $30.22B
Current Liabilities: $82.42B
Long-Term Debt: $66.52B
Total Debt: $75.64B
Total Equity: $174.39B
Shares: 2,974,300,000
Shares: 2,974,300,000
CapEx: -$18.99B
Shares: 2,974,300,000
Stock Price: $78.14
Net Income: $17.84B
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jul 7, 2026 5:45am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $261.5B | $381.3B | $316.6B | $284.3B | $266.9B |
| Cost of Revenue | $225.7B | $302.5B | $269.4B | $238.4B | $224.4B |
| Gross Profit | $35.8B | $78.8B | $47.2B | $45.9B | $42.5B |
| Operating Expenses | $13.6B | $15.7B | $16.5B | $15.9B | $14.9B |
| Operating Income | $22.3B | $63.1B | $30.7B | $30.0B | $27.6B |
| Net Income | $20.1B | $42.3B | $19.4B | $16.1B | $17.8B |
| EBITDA | $56.5B | $92.6B | $60.4B | $61.7B | $56.7B |
| EPS | $5.18 | $11.52 | $5.76 | $5.10 | $6.08 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 7, 2026 5:45am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $37.0B | $40.2B | $38.8B | $39.1B | $30.2B |
| Total Current Assets | $128.8B | $165.9B | $134.1B | $127.9B | $107.2B |
| Total Assets | $404.4B | $443.0B | $406.3B | $387.6B | $370.4B |
| Current Liabilities | $95.5B | $121.3B | $95.5B | $95.0B | $82.4B |
| Long-Term Debt | $57.5B | $51.5B | $48.6B | $41.5B | $66.5B |
| Total Liabilities | $229.1B | $250.4B | $217.9B | $207.4B | $195.0B |
| Total Equity | $172.0B | $190.5B | $186.6B | $178.3B | $174.4B |
| Retained Earnings | $153.0B | $169.5B | $165.9B | $158.8B | $190.8B |
Cash Flow (Annual)
Last updated: Jul 7, 2026 5:45am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $45.1B | $68.4B | $54.2B | $54.7B | $40.8B |
| Capital Expenditure | -$19.0B | -$22.6B | -$23.0B | -$19.6B | -$19.0B |
| Free Cash Flow | $26.1B | $45.8B | $31.2B | $35.1B | $21.8B |
| Acquisitions (net) | $105.0M | -$1.5B | -$728.0M | $0 | $1.1B |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$3.2B | -$19.0B | -$15.5B | -$14.7B | -$15.2B |
| Net Change in Cash | $5.1B | $3.3B | -$1.5B | $336.0M | -$8.9B |
Analyst Estimates (Annual)
Last updated: Jul 7, 2026 5:45am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$297.8B $272.7B – $322.8B
|
$298.1B $296.2B – $300.1B
|
$305.7B $270.8B – $358.3B
|
$306.1B $271.1B – $358.7B
|
| EBITDA |
$64.2B $58.8B – $69.6B
|
$64.3B $63.9B – $64.7B
|
$66.0B $58.4B – $77.3B
|
$66.0B $58.5B – $77.4B
|
| Net Income |
$25.7B $24.7B – $29.6B
|
$30.5B $25.1B – $36.0B
|
$30.2B $25.7B – $36.9B
|
$32.1B $27.3B – $39.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 7, 2026 5:45am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +45.8% | -17.0% | -10.2% | -6.1% |
| Gross Profit Growth | +119.8% | -40.1% | -2.7% | -7.5% |
| Operating Income Growth | +183.2% | -51.3% | -2.4% | -8.0% |
| Net Income Growth | +110.5% | -54.2% | -16.9% | +10.8% |
| EBITDA Growth | +63.8% | -34.8% | +2.1% | -8.1% |
Dividend History (Last 20)
Last updated: Jul 7, 2026 5:45am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-22 | $0.78 | 2025-10-30 | 2026-05-22 | 2026-06-29 |
| 2026-02-20 | $0.74 | 2025-10-30 | 2026-02-20 | 2026-03-30 |
| 2025-11-14 | $0.72 | 2025-10-30 | 2025-11-14 | 2025-12-18 |
| 2025-08-15 | $0.72 | 2025-07-31 | 2025-08-15 | 2025-09-22 |
| 2025-05-16 | $0.72 | 2025-05-02 | 2025-05-16 | 2025-06-23 |
| 2025-02-14 | $0.72 | 2025-01-30 | 2025-02-14 | 2025-03-24 |
| 2024-11-15 | $0.69 | 2024-11-15 | 2024-12-19 | |
| 2024-08-16 | $0.69 | 2024-08-01 | 2024-08-16 | 2024-09-23 |
| 2024-05-16 | $0.69 | 2024-05-02 | 2024-05-17 | 2024-06-24 |
| 2024-02-15 | $0.69 | 2024-02-01 | 2024-02-16 | 2024-03-25 |
| 2023-11-16 | $0.66 | 2023-11-02 | 2023-11-17 | 2023-12-20 |
| 2023-08-10 | $0.66 | 2023-07-27 | 2023-08-11 | 2023-09-18 |
| 2023-05-18 | $0.58 | 2023-05-04 | 2023-05-19 | 2023-06-26 |
| 2023-02-16 | $0.58 | 2023-02-02 | 2023-02-17 | 2023-03-27 |
| 2022-11-09 | $0.50 | 2022-10-27 | 2022-11-11 | 2022-12-19 |
| 2022-08-11 | $0.50 | 2022-07-28 | 2022-08-12 | 2022-09-20 |
| 2022-05-19 | $0.50 | 2022-05-05 | 2022-05-20 | 2022-06-27 |
| 2022-02-17 | $0.48 | 2022-02-03 | 2022-02-18 | 2022-03-28 |
| 2021-11-10 | $0.48 | 2021-10-29 | 2021-11-12 | 2021-12-20 |
| 2021-08-12 | $0.48 | 2021-07-30 | 2021-08-13 | 2021-09-20 |
Narrative Economics
market-narrative step).