Pricing Log in Create free account
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) Operating margin

Alert me on Operating margin

Shell PLC Unsponsored ADR's operating margin over the twelve months to 30 September 2026 was 16.7%, up 4.1 percentage points from fiscal 2025 (12.6%). Over the past ten years it has ranged from −12.5% (fiscal 2020) to 17.6% (fiscal 2022); the current reading is higher than 91% of that period. That is in line with the Oil & Gas Integrated industry median of 17.1% and above the Energy sector median of 15.2%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 12.6% 0.57
FY2024 12.0% 0.47
FY2023 11.5% (6.07)
FY2022 17.6% 5.35
FY2021 12.3% 24.75
FY2020 −12.5% (21.06)
FY2019 8.57% (1.36)
FY2018 9.93% 2.82
FY2017 7.11% 3.44
FY2016 3.67% 2.22

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 20.1% 2.58
Jun 2026 17.5% 2.11
Mar 2026 15.4% 3.27
Dec 2025 12.1% (0.95)
43 more quarters

Against its own ten years

Low −12.5% High 17.6%
Ten-year median 9.93%
Current reading's percentile 91

Operating margin against peers

Company Operating margin
PBR Petroleo Brasileiro S.A.- Petrobras compare 34.2%
EQNR Equinor ASA compare 32.3%
CVX Chevron Corporation compare 17.2%
CVE Cenovus Energy Inc compare 17.1%
SHEL Shell PLC Unsponsored ADR 16.7%
TTE TotalEnergies SE Sponsored ADR compare 16.3%
XOM ExxonMobil Holdings Corporation compare 14.3%
BP BP p.l.c. compare 11.1%
E Eni SpA compare 4.46%
Oil & Gas Integrated industry median 17.1%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on SHEL