Pricing Log in Create free account
Saturday 17 October 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. In the quarter to June 2026, revenue grew 45.0%, EPS grew 218.0%, free cash flow grew 173.9% and total debt fell 3.43%, each against the same quarter a year earlier.

106.66 3.11 +3.00%
Market cap
$294.9B
P/E
11.6×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
2.37
Beneish M
−2.79
Dividend safety
61/100
Overview Business Profile Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 294,920.00
Revenue 303,623.00
Net Income 39,904.00
Free Cash Flow 32,831.00
Net Debt 32,215.00
Current Ratio 1.43
Debt/Equity 0.40 (at or below 0.5: strong)
P/E ratio 11.64
Fwd P/E —
P/S ratio 0.98
P/B ratio 1.64
Past 5Y EPS Growth —
This Y EPS Growth 96.83% (at or above 15%: strong)
Next Y EPS Growth (14.96%) (below 0%: weak)
Next Y revenue growth —
Next 5Y EPS Growth 14.74%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.1×, 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 37.25%
10-year low 10-year high
P/S against its own 10 years 99.71%
10-year low 10-year high
P/B against its own 10 years 100.00%
10-year low 10-year high
EV/Sales against its own 10 years 81.24%
10-year low 10-year high
EV/FCF against its own 10 years 64.29%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 1.81
0.58
0.58
0.66
2022 1.98
0.48
0.50
0.50
0.50
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 53,872 48,783 39,330 40,861
Receivables 53,273 45,860 44,597 52,938
Inventory 26,019 23,426 22,216 26,639
Other 951 9,857 1,030 2,395
134,115 127,926 107,173 122,833
2023 2024 2025 Q'26
Payables 68,237 60,693 57,770 60,742
ST’ Debt 9,931 11,630 9,128 8,542
Other 13,877 18,063 12,368 11,981
95,467 95,034 82,415 85,614

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%)

Revenue $m

Mar Jun Sep Dec Year
’26 70,133 96,354 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 2.00 3.84 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 35.80 50.32 55.04 54.56 21.26 35.50 43.96 52.47 60.15 58.55

Analyst estimates 2026–2028

Powerpack
High 56.29 66.92 73.86 66.48 61.17 50.75 61.68 68.74 74.61 77.47
People
People Employees 89,000 83,000 79,000 83,000 87,000 82,000 93,000 103,000 98,000 85,000
Revenue/emp, $m 2.70 3.76 5.02 4.24 2.11 3.33 4.15 3.14 2.95 3.22
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
Gross margin, % 19.55 19.18 18.62 19.97 22.03 26.59 26.02 25.78 25.99 26.85
EBT 5,606 18,130 35,621 25,485 (26,967) 29,829 64,815 32,627 29,922 29,756
EBT margin, % 2.34 5.81 8.98 7.24 (14.72) 10.94 16.78 10.10 10.35 10.87
Net income 4,777 13,435 35,621 25,485 (26,967) 29,829 64,815 32,627 29,922 29,756
Depreciation 24,993 26,223 22,135 28,701 52,444 26,921 18,529 31,290 26,872 25,299
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
Earnings 1.16 3.16 5.64 3.94 (5.56) 5.18 11.52 5.76 5.10 6.06
Cash flow 5.26 8.67 12.82 10.47 8.75 11.62 18.62 16.10 17.36 14.55
Capex (5.12) (2.93) (4.50) (4.51) (3.62) (1.23) (5.76) (6.07) (5.71) (6.04)
Free cash flow 0.15 5.74 8.32 5.96 5.13 10.39 12.86 10.03 11.65 8.51
Book value 48.13 48.11 48.90 47.27 40.67 45.18 52.43 55.95 57.20 59.52
Shares, m 3,917 4,112 4,141 4,029 3,898 3,881 3,674 3,367 3,150 2,945
Valuation, ×
Valuation, × P/E 48.02 21.53 10.37 15.05 0.00 8.35 4.86 11.56 12.36 12.13
P/S 0.90 0.90 0.61 0.67 0.75 0.62 0.53 0.69 0.68 0.79
P/B 1.15 1.41 1.19 1.25 0.86 0.96 1.07 1.18 1.10 1.23
EV/Sales 1.21 1.09 0.72 0.88 1.13 0.77 0.58 0.77 0.78 0.92
EV/FCF 507.24 14.39 8.25 12.86 10.36 5.19 4.76 7.39 6.15 10.08
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
Capex (20,044) (12,037) (18,645) (18,168) (14,096) (4,767) (21,169) (20,428) (17,980) (17,799)
Free cash flow 571 23,613 34,440 24,010 20,009 40,337 47,245 33,763 36,707 25,064
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
Total debt 92,476 85,665 76,824 96,424 108,014 89,086 83,795 81,541 77,078 75,643
Net debt 73,346 60,049 42,890 71,220 70,401 40,747 19,112 27,669 28,295 36,313
Shareholders’ equity 188,511 197,812 202,534 190,463 158,537 175,326 192,597 188,362 180,168 175,319
Returns, %
Returns, % ROA 1.22 3.17 5.79 3.94 (5.53) 5.13 9.99 4.56 4.05 4.71
ROIC 2.10 5.37 10.02 7.21 (6.25) 9.67 20.07 10.79 10.41 10.17
ROE 2.59 6.72 11.67 8.06 (12.42) 12.04 23.00 10.16 8.73 10.04
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $718.3B 23.0× 12.6× +42.34% (above 0%: growing) +112.20% (above 0%: growing) +220.74% (above 0%: growing) 26.73% 16.94% Compare
CVX Chevron Corporation $433.3B 21.5× 12.4× +56.30% (above 0%: growing) +322.76% (above 0%: growing) +272.02% (above 0%: growing) 46.01% 24.32% Compare
SHEL Shell PLC Unsponsored ADR $294.9B 11.6× — +45.02% (above 0%: growing) +218.03% (above 0%: growing) +173.92% (above 0%: growing) 27.23% 17.51%
TTE TotalEnergies SE Sponsored ADR $196.8B 11.3× 7.6× +27.80% (above 0%: growing) +106.78% (above 0%: growing) +464.21% (above 0%: growing) 32.91% 13.37% Compare
BP BP p.l.c. $124.8B 23.9× 8.0× +47.06% (above 0%: growing) +140.32% (above 0%: growing) +144.15% (above 0%: growing) 27.64% 12.75% Compare
EQNR Equinor ASA $107.4B 12.8× 7.6× +39.90% (above 0%: growing) +298.00% (above 0%: growing) +1,548.80% (above 0%: growing) 54.71% 36.94% Compare
PBR Petroleo Brasileiro S.A.- Petrobras $94.1B 6.6× — +59.75% (above 0%: growing) +118.92% (above 0%: growing) +149.36% (above 0%: growing) 58.00% 42.41% Compare
E Eni SpA $83.7B 14.8× 9.3× +21.42% (above 0%: growing) +616.67% (above 0%: growing) +43.60% (above 0%: growing) 21.45% 5.19% Compare
PBR.A Petroleo Brasileiro S.A.- Petrobras $61.6B 5.9× — +59.75% (above 0%: growing) +118.92% (above 0%: growing) +149.36% (above 0%: growing) 58.00% 42.41% Compare
Median of peers $116.1B 13.8× 8.7× +44.70% +129.62% +185.05% 39.46% 20.63%

All 19 Oil & Gas Integrated stocks →

Shell PLC Unsponsored ADR (SHEL) key facts

  • Concern: Shell PLC Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $273.7 billion, down 5.29% from fiscal 2024.
  • Shell PLC Unsponsored ADR (SHEL) is an Oil & Gas Integrated company in the Energy sector, traded in the US as an ADR.
  • As of October 16, 2026, SHEL traded at $106.66, a market capitalization of $294.9 billion.
  • Return on equity was 10.0% and debt-to-equity 0.40.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.37 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Shell PLC Unsponsored ADR (SHEL) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/SHEL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com