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Friday 6 November 2026 Export SHEL’s income statement to Excel — free account

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

Shell PLC Unsponsored ADR (SHEL) Gross margin

Alert me on Gross margin

Shell PLC Unsponsored ADR's gross margin over the twelve months to 30 September 2026 was 28.2%, up 1.3 percentage points from fiscal 2025 (26.9%). Over the past ten years it has ranged from 16.1% (fiscal 2015) to 26.9% (fiscal 2025) — the current reading is the highest in ten years. That is below the Oil & Gas Integrated industry median of 39.9% and below the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 26.9% 0.86
FY2024 26.0% 0.21
FY2023 25.8% (0.24)
FY2022 26.0% (0.57)
FY2021 26.6% 4.56
FY2020 22.0% 2.06
FY2019 20.0% 1.35
FY2018 18.6% (0.56)
FY2017 19.2% (0.37)
FY2016 19.6% 3.49

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 29.7% 2.49
Jun 2026 27.2% (0.60)
Mar 2026 27.8% 0.25
Dec 2025 27.6% (0.09)
43 more quarters

Against its own ten years

Low 16.1% High 26.9%
Ten-year median 22.0%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
EQNR Equinor ASA compare 53.6%
PBR Petroleo Brasileiro S.A.- Petrobras compare 50.8%
CVX Chevron Corporation compare 43.5%
CVE Cenovus Energy Inc compare 40.7%
TTE TotalEnergies SE Sponsored ADR compare 39.2%
BP BP p.l.c. compare 30.5%
SHEL Shell PLC Unsponsored ADR 28.2%
XOM ExxonMobil Holdings Corporation compare 24.8%
E Eni SpA compare 19.5%
Oil & Gas Integrated industry median 39.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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