To the full analysis
Shell stock: growth
SHELShell reported $266.89B in revenue for fiscal 2025, down 6.1% on the prior year, up 8.1% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
−0.9%
per year from 2006 to 2025, per share −0.5%
Earnings (Annual rate)
−1.9%
per year from 2006 to 2025, per share −1.4%
Free cash flow (Annual rate)
6.2%
per year from 2006 to 2025, per share 6.7%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 8.1% | 0.1% | −0.9% |
| Revenue per share | 14.4% | 0.8% | −0.5% |
| Earnings | no data | 24.8% | −1.9% |
| Earnings per share | no data | 25.6% | −1.4% |
| Free cash flow | 6.4% | 20.6% | 6.2% |
| Free cash flow per share | 12.6% | 21.4% | 6.7% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $318.85B | $25.44B | $7.66B |
| 2007 | $355.78B | $31.33B | $8.81B |
| 2008 | $465.81B | $26.28B | −$1.92B |
| 2009 | $285.13B | $12.52B | −$5.03B |
| 2010 | $368.06B | $20.13B | $410M |
| 2011 | $470.17B | $30.92B | $10.47B |
| 2012 | $467.15B | $26.59B | $13.56B |
| 2013 | $451.24B | $16.37B | $295M |
| 2014 | $421.11B | $15.05B | $13.19B |
| 2015 | $264.96B | $1.94B | $3.68B |
| 2016 | $233.59B | $4.58B | −$1.5B |
| 2017 | $305.18B | $12.98B | $14.81B |
| 2018 | $388.38B | $23.35B | $30.07B |
| 2019 | $344.88B | $15.84B | $19.21B |
| 2020 | $180.54B | −$21.68B | $17.52B |
| 2021 | $261.5B | $20.1B | $26.11B |
| 2022 | $381.31B | $42.31B | $45.81B |
| 2023 | $316.62B | $19.36B | $31.2B |
| 2024 | $284.31B | $16.09B | $35.08B |
| 2025 | $266.89B | $17.84B | $23.92B |
Revenue by segment
How Shell plc makes its money and how that has shifted. Names are as the company reports them.
- Oil products43%
- Crude oil13%
- Lng13%
- Natural gas and NGL9%
- Power5%
- Lubricants4%
- Other14%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| Oil products | $129.55B | $114.66B | 43% |
| Crude oil | $40.63B | $35.71B | 13.4% |
| Lng | $30.92B | $33.47B | 12.5% |
| Natural gas and NGL | $19.31B | $22.83B | 8.6% |
| Power | $11.57B | $12.26B | 4.6% |
| Lubricants | $11.51B | $11.54B | 4.3% |
| Other | $40.82B | $36.42B | 13.6% |
| Total revenue | $284.31B | $266.89B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 2 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.