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Shell PLC Unsponsored ADR

SHEL Energy Oil & Gas Integrated

Shell PLC Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $273.7 billion, down 5.29% from fiscal 2024.

Revenue
+35.4%
EPS
+137.7%
Free cash flow
+89.6%
Total debt
+2.84%

Quarter to September 2026, against a year earlier

100.32 1.54 −1.51%
Market cap
$284.5B
P/E
8.6×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
2.37
Beneish M
−2.79
Dividend safety
61/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 284,460.00
Revenue ttm 328,535.00
Net income ttm 49,966.00
Free cash flow ttm 40,353.00
Net debt Q 26,519.00
Valuation
P/E 8.60
Forward P/E —
Price / sales 0.86
Forward P/S Powerpack
Price / FCF 6.98
Price / book 1.41
Financial health
Current ratio Q 1.38
Debt / equity Q 0.38 (at or below 0.5: strong)
Interest coverage Q 16.40
Growth
Revenue growth Q +35.38% (above 0%: growing)
Operating income growth Q +108.03% (above 0%: growing)
EPS, this year +105.88% (at or above 15%: strong)
EPS, next year A −13.50% (below 0%: weak)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A +15.27% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 0.9×; over the ten years it ranged from 0.5× in 2022 to 1.3× in 2016.
P/E against its own 10 years 17.21%
10-year low 10-year high
P/S against its own 10 years 83.72%
10-year low 10-year high
P/B against its own 10 years 93.47%
10-year low 10-year high
EV/Sales against its own 10 years 63.33%
10-year low 10-year high
EV/FCF against its own 10 years 39.52%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2022–23
−8.48%/yr
  1. 1.98 ’22
  2. 1.81 ’23 −8
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 53,872 48,783 39,330 49,556
Receivables 53,273 45,860 44,597 58,874
Inventory 26,019 23,426 22,216 29,773
Other 951 9,857 1,030 3,611
134,115 127,926 107,173 141,815
2023 2024 2025 Q'26
Payables 68,237 60,693 57,770 70,928
ST’ Debt 9,931 11,630 9,128 8,941
Other 13,877 18,063 12,368 17,303
95,467 95,034 82,415 102,987

Compound Annual Growth %

10y 5y 3y
Sales 0.06% 8.36% (10.84%)
Cash Flow 3.70% 4.68% (14.43%)
Earnings 24.85% 0.00% (25.02%)
Book Value 0.66% 2.03% (3.08%)

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 3.54 Actual 3.86

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 1.21 1.14 Miss by 0.07
Mar 2026 1.88 2.44 Beat by 0.56
Jun 2026 3.23 3.52 Beat by 0.29
Sep 2026 3.54 3.86 Beat by 0.32
Dec 2026 2.83 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 2.00 3.84 4.29 — —
’25 1.58 1.20 1.80 1.42 6.00
’24 2.26 1.10 1.36 0.30 5.06
’23 2.50 0.92 2.10 0.14 5.70
’22 1.86 4.80 1.84 2.92 11.42
’21 1.44 0.88 (0.12) 2.96 5.15
’20 (0.01) (4.66) 0.12 (1.04) (5.56)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 70,133 96,354 95,322 — —
’25 70,152 66,443 70,410 66,726 273,731
’24 74,703 75,057 72,462 66,807 289,029
’23 89,021 76,020 78,011 80,131 323,183
’22 83,164 103,083 98,759 101,195 386,201
’21 59,115 61,764 61,555 90,223 272,657
’20 60,959 32,491 44,717 45,028 183,195
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 6,062 21,433 21,043 — —
’25 9,281 11,937 12,207 9,438 42,863
’24 13,330 13,508 14,684 13,165 54,687
’23 14,159 15,130 12,333 12,569 54,191
’22 14,815 18,655 12,539 22,405 68,414
’21 8,294 12,616 16,025 8,169 45,104
’20 14,851 2,564 10,403 6,287 34,105
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 2,577 17,769 15,919 — —
’25 6,092 6,487 8,397 4,088 25,064
’24 9,673 9,774 10,089 7,171 36,707
’23 9,477 10,879 7,257 6,150 33,763
’22 11,135 12,761 7,310 16,039 47,245
’21 7,515 9,546 12,500 10,776 40,337
’20 12,201 (661) 7,294 1,175 20,009
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 240,033 311,870 396,556 352,106 183,195 272,657 386,201 323,183 289,029 273,731 328,535 +1.5% — — — —
Gross margin, % 19.55 19.18 18.62 19.97 22.03 26.59 26.02 25.78 25.99 26.85 28.15 +7.3 pt
EBT 5,606 18,130 35,621 25,485 (26,967) 29,829 64,815 32,627 29,922 29,756 49,965 +20.4%
EBT margin, % 2.34 5.81 8.98 7.24 (14.72) 10.94 16.78 10.10 10.35 10.87 15.21 +8.5 pt
Net income 4,777 13,435 35,621 25,485 (26,967) 29,829 64,815 32,627 29,922 29,756 49,966 +22.5%
Per share, $
Per share, $ Revenue 61.28 75.85 95.75 87.39 47.00 70.26 105.12 95.99 91.76 92.94 117.01 +4.7%
Earnings 1.16 3.16 5.64 3.94 (5.56) 5.18 11.52 5.76 5.10 6.06 11.67 +20.2%
Cash flow 5.26 8.67 12.82 10.47 8.75 11.62 18.62 16.10 17.36 14.55 20.65 +12.0%
Capex (5.12) (2.93) (4.50) (4.51) (3.62) (1.23) (5.76) (6.07) (5.71) (6.04) (6.28) +1.9%
Free cash flow 0.15 5.74 8.32 5.96 5.13 10.39 12.86 10.03 11.65 8.51 14.37 +57.1%
Book value 48.13 48.11 48.90 47.27 40.67 45.18 52.43 55.95 57.20 59.52 71.06 +2.4%
Shares, m 3,917 4,112 4,141 4,029 3,898 3,881 3,674 3,367 3,150 2,945 2,842 (3.1%)
Valuation, ×
Valuation, × P/E 48.02 21.53 10.37 15.05 0.00 8.35 4.86 11.56 12.36 12.13 8.60 14.4
P/S 0.90 0.90 0.61 0.67 0.75 0.62 0.53 0.69 0.68 0.79 0.86 0.7
P/B 1.15 1.41 1.19 1.25 0.86 0.96 1.07 1.18 1.10 1.23 1.41 1.1
EV/Sales 1.21 1.09 0.72 0.88 1.13 0.77 0.58 0.77 0.78 0.92 0.94 0.9
EV/FCF 507.24 14.39 8.25 12.86 10.36 5.19 4.76 7.39 6.15 10.08 7.64 58.7
Cash, $m
Cash, $m Operating cash flow 20,615 35,650 53,085 42,178 34,105 45,104 68,414 54,191 54,687 42,863 57,976 +8.5%
Capex (20,044) (12,037) (18,645) (18,168) (14,096) (4,767) (21,169) (20,428) (17,980) (17,799) (17,623) (1.3%)
Free cash flow 571 23,613 34,440 24,010 20,009 40,337 47,245 33,763 36,707 25,064 40,353 +52.2%
Balance, $m
Balance, $m Working capital 12,744 15,637 19,669 13,065 18,246 33,218 44,627 38,648 32,892 24,758 38,828 +7.7%
Net debt 73,346 60,049 42,890 71,220 70,401 40,747 19,112 27,669 28,295 36,313 26,519 (7.5%)
Shareholders’ equity 188,511 197,812 202,534 190,463 158,537 175,326 192,597 188,362 180,168 175,319 199,513 (0.8%)
Returns, %
Returns, % ROA 1.22 3.17 5.79 3.94 (5.53) 5.13 9.99 4.56 4.05 4.71 8.19 +3.5 pt
ROIC 2.10 5.37 10.02 7.21 (6.25) 9.67 20.07 10.79 10.41 10.17 15.18 +8.1 pt
ROE 2.59 6.72 11.67 8.06 (12.42) 12.04 23.00 10.16 8.73 10.04 17.34 +7.5 pt
People
People Employees 89,000 83,000 79,000 83,000 87,000 82,000 93,000 103,000 98,000 85,000 — (0.5%)
Revenue/emp, $m 2.70 3.76 5.02 4.24 2.11 3.33 4.15 3.14 2.95 3.22 — +2.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Shell PLC Unsponsored ADR vs peers in Oil & Gas Integrated (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
XOM ExxonMobil Holdings Corporation $674.3B 16.8× 14.4× +32.68% (above 0%: growing) +119.72% (above 0%: growing) +210.97% (above 0%: growing) 27.39% 18.93% Compare
CVX Chevron Corporation $415.4B 15.5× 13.3× +36.34% (above 0%: growing) +180.61% (above 0%: growing) +142.93% (above 0%: growing) 44.18% 20.54% Compare
SHEL Shell PLC Unsponsored ADR $284.5B 8.6× — +35.38% (above 0%: growing) +137.66% (above 0%: growing) +89.58% (above 0%: growing) 29.72% 20.09%
TTE TotalEnergies SE Sponsored ADR $195.8B 8.7× 8.0× +41.09% (above 0%: growing) +126.88% (above 0%: growing) +110.23% (above 0%: growing) 43.09% 21.60% Compare
BP BP p.l.c. $115.1B 13.0× 7.7× +41.90% (above 0%: growing) +302.22% (above 0%: growing) +156.51% (above 0%: growing) 33.41% 13.86% Compare
EQNR Equinor ASA $101.7B 8.8× 8.3× +27.41% (above 0%: growing) n/m +60.93% (above 0%: growing) 56.42% 36.02% Compare
E Eni SpA $81.2B 8.9× 8.8× +24.78% (above 0%: growing) +380.16% (above 0%: growing) +26.39% (above 0%: growing) 20.59% 7.15% Compare
PBR Petroleo Brasileiro S.A.- Petrobras $70.0B 4.8× — +59.75% (above 0%: growing) +118.92% (above 0%: growing) +149.36% (above 0%: growing) 58.00% 42.41% Compare
CVE Cenovus Energy Inc $50.2B 10.7× 7.9× +41.33% (above 0%: growing) +226.47% (above 0%: growing) +18,996.54% (above 0%: growing) 42.35% 23.60% Compare
Median of peers $108.4B 9.8× 8.3× +38.72% +180.61% +146.15% 42.72% 21.07%

All 19 Oil & Gas Integrated stocks →

Shell PLC Unsponsored ADR (SHEL) Latest News

30 Oct

Impact 4 · · offshore-technology.com
Impact 3 · · MarketBeat transcript
Impact 3 · · Zacks
Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks

29 Oct

Impact 4 · · 24/7 Wall St.
Impact 4 · · The Motley Fool
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 · · Oilprice.com earnings
Impact 4 · · Proactive Investors
Impact 4 · · The Telegraph
Impact 4 · · The Telegraph earnings
Impact 4 · · AFP
Impact 4 · · Investing.com
Impact 4 · · Proactive Investors
Impact 4 · · Bloomberg
Impact 4 · · GlobeNewswire
Impact 4 · · GlobeNewswire
Impact 3 · · Investing.com
Impact 3 · · Associated Press
Impact 3 · · GlobeNewswire

28 Oct

Impact 4 · · Barchart
Impact 3 · · PR Newswire

27 Oct

Impact 3 · · 24/7 Wall St.
Impact 3 · · Zacks

26 Oct

Impact 3 · · GlobeNewswire
Impact 3 · · Zacks

23 Oct

Impact 3 · · GlobeNewswire

22 Oct

Impact 4 · · Oilprice.com

SHEL metrics, ten years each

stockrow.com/SHEL · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com