Shell plc (SHEL)
Energy · Oil & Gas Integrated · NYSE
Shell plc revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $381.31B | $316.62B | $284.31B | $266.89B |
| Gross profit | $78.78B | $47.21B | $45.94B | $42.49B |
| Net income | $42.31B | $19.36B | $16.09B | $17.84B |
| Net margin | 11.1% | 6.1% | 5.7% | 6.7% |
Source: Shell plc SEC filings (10-K).
What growth is priced into SHEL stock?
At today's market cap of $243.16B, Shell plc is priced for free-cash-flow growth of about -1.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $23.92B from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Shell plc financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Shell plc financial history by metric
About Shell plc
Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. 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 1897 and is headquartered in London, United Kingdom.
Shell plc — frequently asked questions
What is Shell plc's revenue?
Shell plc (SHEL) reported revenue of $266.89B for fiscal year 2025, down 6.1% from the prior year, according to its SEC filings.
Is Shell plc profitable?
Yes. SHEL earned net income of $17.84B in fiscal 2025, a net margin of 6.7%.
What is SHEL's P/E ratio?
Shell plc trades at a price-to-earnings ratio of about 13.7 based on the latest data in our nightly-refreshed cache.
How fast is Shell plc growing?
SHEL's revenue grew at roughly -11.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Shell plc have?
As of fiscal year 2025, SHEL carried roughly $46.71B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Shell plc's gross margin?
SHEL's gross margin was 15.9% in fiscal 2025 — gross profit of $42.49B on revenue of $266.89B.
What is Shell plc's market cap?
Shell plc (SHEL) has a market capitalization of about $243.16B, based on the latest data in our nightly-refreshed cache.
When does Shell plc's fiscal year end?
SHEL's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into SHEL stock?
At today's market cap of $243.16B, Shell plc is priced for free-cash-flow growth of about -1.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $23.92B from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Shell plc's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.