Shell plc

SHEL NYSE Categories PDF
Energy · Oil & Gas Integrated
London, GL SE1 7NA, United Kingdom IPO 1994 shell.com Updated Jul 7, 4:35am
Price
$78.14
Market Cap
$217.9B
Employees
96,000
Beta
-0.24
Avg Volume
7,339,499
CEO
Wael Sawan

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.

Runs with full report
Price Overview
Last updated: Jul 7, 2026 5:45am (just now)
Current data · timestamped when a report runs
$78.14
Change · Jul 7
+0.12 (+0.15%)
Day Range
$77.48 – $78.23
52-Week Range
$68.63 – $94.90
50-Day MA
$84.07
200-Day MA
$80.01
Volume
4,573,109.00
Analyst Price Targets
Low $89.00
Consensus $101.60
High $122.40
(15 analysts)
Share Structure
Outstanding 2,788,095,000.00
Float 2,787,724,183.00
Free Float 100.0%
High free float — 100.0% of shares trade freely, ~0% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Last updated: Jul 7, 2026 5:45am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jul 7, 2026 5:45am (just now)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
12.14
Stock Price: $78.14
EPS (Diluted): 6.08
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.24
Stock Price: $78.14
Total Equity: $174.39B
Shares: 2,974,300,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
4.74
Market Cap: $217.86B
Total Debt: $75.64B
Cash: $30.22B
EBITDA: $56.66B
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$290.8B
Market Cap: $217.86B
Total Debt: $75.64B
Cash: $30.22B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
15.9%
Gross Profit: $42.50B
Revenue: $266.89B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
10.3%
Operating Income: $27.58B
Revenue: $266.89B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
6.7%
Net Income: $17.84B
Revenue: $266.89B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
10.6%
Net Income: $17.84B
Total Equity: $174.39B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
6.4%
Operating Income: $27.58B
Tax Rate: 39.1%
Equity: $174.39B
Total Debt: $75.64B
Cash: $30.22B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.30
Current Assets: $107.17B
Current Liabilities: $82.42B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.43
Short-Term Debt: $9.13B
Long-Term Debt: $66.52B
Total Debt: $75.64B
Total Equity: $174.39B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$89.73
Revenue: $266.89B
Shares: 2,974,300,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$58.63
Total Equity: $174.39B
Shares: 2,974,300,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$7.34
Operating CF: $40.81B
CapEx: -$18.99B
Shares: 2,974,300,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
3.9%
Last Dividend: N/A
Stock Price: $78.14
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: $17.84B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SHEL against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
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
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SHEL — it's generated by the pipeline (market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v20260706-213327 · 1f28e06c · 2026-07-06 21:33:45