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SHELShell plc
$78.14$220.3B
Overview & Verdict
OverviewShould I Buy?
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SHEL logoShell plc(SHEL)Earnings, Financials & Key Ratios

SHEL•NYSE
$78.14
13.0× P/E·Price updated Jul 6, 2026
SectorEnergyIndustryIntegrated Oil & GasSub-IndustryIntegrated gas and LNG value chain
AboutShell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market. The company also markets and trades natural gas, liquefied natural gas (LNG), crude oil, electricity, carbon-emission rights; and markets and sells LNG as a fuel for heavy-duty vehicles. In addition, it trades in and refines crude oil and other feed stocks, such as low-carbon fuels, lubricants, bitumen, sulphur, gasoline, diesel, aviation fuel, and marine fuel; produces and sells petrochemicals for industrial use; and manages oil sands activities. Further, the company produces base chemicals comprising ethylene, propylene, and aromatics, as well as intermediate chemicals, such as styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol. Additionally, it generates electricity through wind and solar resources; produces and sells hydrogen; and provides electric vehicle charging services. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1907 and is headquartered in London, the United Kingdom.Show more
  • Revenue$266.89B-6.1%
  • EBITDA$49.75B-12.5%
  • Net Income$17.84B+10.8%
  • EPS (Diluted)6.02+19.0%
  • Gross Margin15.92%-1.5%
  • EBITDA Margin18.64%-6.8%
  • Operating Margin10.33%-2.0%
  • Net Margin6.68%+18.1%
  • ROE10.04%+14.9%

SHEL Price & Volume

Shell plc (SHEL) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Margin Volatility Challenges Shell's Profitability

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Decelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Commodity price volatility exposure

Key Thesis Takeaways

  • Shell maintains a disciplined capital structure with a debt-to-equity ratio consistently between 0.40 and 0.60, yet the firm faces persistent top-line stagnation as evidenced by the marginal 0.5% year-over-year revenue growth in 2026Q1.
  • While the company prioritizes shareholder returns through consistent dividends and buybacks often exceeding $5 billion per quarter, investors should monitor the extreme sensitivity of net income to commodity price cycles, which caused EPS to fluctuate from $0.14 in 2023Q4 to $2.00 in 2026Q1.
  • The long-term outlook remains tethered to the company's ability to manage massive $185.7 billion net PPE assets while navigating the inherent volatility of global energy markets.

Verdict Logic

while the forward P/E of 7.61 suggests potential value, the extreme volatility in quarterly free cash flow and the reliance on non-operating items to drive earnings growth warrant a cautious approach.

SHEL Growth Metrics

Shell plc (SHEL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years0.07%
5 Years8.13%
3 Years-11.21%
TTM-5.07%

Profit CAGR

10 Years24.85%
5 Years-
3 Years-25.02%
TTM38.42%

EPS CAGR

10 Years25.93%
5 Years-
3 Years-19.22%
TTM50.7%

Return on Capital

10 Years7.05%
5 Years11.29%
3 Years9.72%
Last Year9.5%

SHEL Recent Earnings

Shell plc (SHEL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$2.44+14.0%
$2.14
Rev
$69.7B-10.1%
$77.5B
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$1.14-5.8%
$1.21
Rev
$64.1B+2.3%
$62.6B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$1.86+8.1%
$1.72
Rev
$67.7B+0.0%
$67.7B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$1.42+25.7%
$1.13
Rev
$65.4B-6.9%
$70.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$2.44vs $2.14+14.0%
$69.7Bvs $77.5B-10.1%
Q1 2026Feb 5, 2026
$1.14vs $1.21-5.8%
$64.1Bvs $62.6B+2.3%
Q4 2025Oct 30, 2025
$1.86vs $1.72+8.1%
$67.7Bvs $67.7B+0.0%
Q3 2025Jul 31, 2025
$1.42vs $1.13+25.7%
$65.4Bvs $70.2B-6.9%
Based on last 12 quarters of dataView full earnings history →

Latest SHEL News

Recent stock market news and headlines for Shell plc (SHEL)

Seeking Alpha·Jun 28, 2026
My Top 10 High-Yield Picks For July 2026: One Yields More Than 13%

I present my top 10 high-yield dividend stocks for July 2026, emphasizing margin of safety, attractive valuations, and sustainable dividend growth. Names like PepsiCo, BB Seguridade, Novo Nordisk, and Rio Tinto offer undervaluation, robust yields, and strong profitability metrics, supporting both income and capital appreciation. Several picks, including VICI Properties and Canadian Natural Resources, combine high yields with above-average dividend growth rates and sector-leading financial health.

Zacks Investment Research·Jun 26, 2026
Here's Why Shell (SHEL) is a Strong Value Stock

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Invezz·Jun 26, 2026
Here's why the BP and Shell shares are falling in London this week

BP and Shell share prices continued their downward trend today, reaching their lowest levels since February 27. BP dropped to 472p, down by 22% from its highest point this year, while Shell slipped to 2,900p from the year-to-date high of 3,592.

Zacks Investment Research·Jun 24, 2026
Shell (SHEL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

The latest trading day saw Shell (SHEL) settling at $77.7, representing a -2.28% change from its previous close.

GlobeNewsWire·Jun 23, 2026
Shell unveils its Triple 10 Challenge Concept Car

Co-engineered vehicle uses innovative thermal management fluid to enable faster charging, greater efficiency and lower lifecycle emissions Co-engineered vehicle uses innovative thermal management fluid to enable faster charging, greater efficiency and lower lifecycle emissions

Peers Comparison

Key metrics vs top competitors for Shell plc (SHEL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SHEL logoSHELShell plcCurrent
$78.14$220.29B12.98-6.13%6.68%10.04%3.65%
XOM logoXOMExxon Mobil Corporation
$136.44$565.54B20.36-4.52%7.76%9.5%—
CVX logoCVXChevron Corporation
$168.10$334.79B25.35-4.64%5.92%6.08%—
BP logoBPBP p.l.c.
$37.39$97.6B1832.840.08%1.65%4.16%—
TTE logoTTETotalEnergies SE
$76.31$169.94B13.20-6.78%8.19%12.56%—
E logoEEni S.p.A.
$46.50$68.02B26.10-7.48%3.16%4.81%—

Compare SHEL vs Peers

Shell plc (SHEL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs XOM

Most directly comparable listed peer for SHEL.

Scale Benchmark

vs CVX

Larger-name benchmark to compare SHEL against a more recognizable public peer.

Peer Set

Compare Top 5

vs XOM, CVX, BP, TTE

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SHEL Frequently Asked Questions

Shell plc (SHEL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Shell plc's revenue?

Shell plc (SHEL) reported $266.82B in revenue for fiscal year 2025. This represents a 185% increase from $93.69B in 1998.

How fast is Shell plc growing?

Shell plc (SHEL) saw revenue decline by 6.1% over the past year.

Is SHEL profitable?

Yes, Shell plc (SHEL) is profitable, generating $18.71B in net income for fiscal year 2025 (6.7% net margin).

Dividend & Returns
Does SHEL pay dividends?

Yes, Shell plc (SHEL) pays a dividend with a yield of 3.65%. This makes it attractive for income-focused investors.

What is SHEL's return on equity?

Shell plc (SHEL) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

What is Shell plc's free cash flow?

Shell plc (SHEL) generated $18.80B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SHEL back in 1998?

Total return calculator · dividends reinvested · 28+ years of data

See returns →