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Earnings transcript
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SHEL
Shell plc
$108
2.2
(2.08%)
| Exchange: | NYSE |
| Market Cap: | 307.199B |
| Shares Outstanding: | 5.856B |
Delayed data
About The Company
| Sector: | EnergyView sector performance | |||||
| Industry: | Oil & Gas IntegratedView industry performance | |||||
| CEO: | Wael Sawan | |||||
| Full Time Employees: | 84000 | |||||
| Address: |
| |||||
| Website: | https://www.shell.com |
Shell plc, a distinguished energy and petrochemical corporation, is headquartered in London, United Kingdom, and was originally founded in 1907. Known as Royal Dutch Shell plc until its name change in January 2022, the company maintains a formidable global presence, conducting operations across Europe, Asia, Oceania, Africa, and both North and South America. Its comprehensive business activities are categorized into several key divisions: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. Shell’s core operations involve the exploration for and extraction of crude oil, natural gas, and natural gas liquids. Beyond production, the company is deeply involved in the marketing, transportation, and strategic infrastructure development required to deliver these energy resources to consumers. This includes the manufacturing of gas-to-liquids fuels and a variety of other refined products. Shell also operates a substantial trading arm, dealing in commodities such as natural gas, liquefied natural gas (LNG), crude oil, electricity, and carbon emission rights. Its refining capabilities convert crude oil and various feedstocks into a wide range of essential products, including gasoline, diesel, aviation and marine fuels, lubricants, bitumen, and sulfur, while also developing low-carbon fuel alternatives. In the chemical sector, Shell is a significant producer of petrochemicals for industrial use, manufacturing base chemicals like ethylene, propylene, and aromatics, alongside intermediate chemicals such as styrene monomer, propylene oxide, and various solvents. The company also manages oil sands assets. Looking to the future of energy, Shell is actively investing in and developing renewable solutions. This includes generating electricity from wind and solar power, pioneering hydrogen production and sales, and establishing a network of electric vehicle charging services. Furthermore, Shell promotes LNG as a viable fuel source for heavy-duty transportation.
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Revenue Segmentation
SHEL full analysis
Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive analysis of Shell plc, ticker SHEL, one of the biggest players in the global energy space. If you’re looking to understand where this oil and gas giant stands, whether it’s a solid investment for your portfolio, or just curious about its future, you’re in the right place. Let’s break it all down step by step, from financials to recent performance and everything in between. Stick around,…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 316,620,000 | 284,312,000 | 266,886,000 |
| Gross Profit | 47,207,000 | 45,941,000 | 42,495,000 |
| EBITDA | 60,361,000 | 57,483,000 | 56,664,000 |
| Operating Income | 30,737,000 | 29,992,000 | 27,582,000 |
| Net Income | 19,359,000 | 16,094,000 | 17,837,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 406,270,000 | 387,609,000 | 370,351,000 |
| Total Liabilities | 217,908,000 | 207,441,000 | 195,031,000 |
| Total Stockholders Equity | 186,607,000 | 178,307,000 | 174,392,000 |
| Total Debt | 81,639,000 | 77,142,000 | 75,643,000 |
| Cash and Cash Equivalents | 38,774,000 | 39,110,000 | 30,216,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 54,191,000 | 54,684,000 | 40,810,146 |
| Capital Expenditure | -22,993,000 | -19,601,000 | -18,991,277 |
| Free Cash Flow | 31,198,000 | 35,083,000 | 21,818,869 |
| Net Income | 19,360,000 | 16,094,000 | 17,879,685 |
| Net Change in Cash | -1,472,000 | 336,000 | -8,894,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 259,287,580.467 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 378,572,777.285 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 308,495,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 65,092,239.081 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 89,439,491.854 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 75,135,945.388 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 23,475,287.360 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 38,362,610.641 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 29,616,592.259 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 10,917,009.722 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 15,939,377.746 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 12,988,832.354 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 9.960 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 12.900 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 7.890 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Shell reported adjusted earnings of $3.3 billion for Q4 2025, reflecting strong operational efficiency. Key metrics such as revenue, net income, and free cash flow demonstrate consistent growth, supported by high gross and net profit margins (TTM data), positioning the company favorably within the energy sector.
- Strong Cash Flow Generation: The cash flow statements highlight significant net cash provided by operating activities, alongside prudent capital expenditure management. This results in a healthy free cash flow yield (TTM), enabling Shell to fund dividends and reduce debt, as evidenced by a moderate debt-to-equity ratio (TTM).
- Strategic Focus on Sustainability: According to the Q4 2025 earnings call transcript, Shell is advancing its energy transition strategy with substantial investments in low-carbon solutions. This aligns with long-term industry trends and enhances its competitive positioning in the sector.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates SHEL intrinsic value between $62.09 – $101.41 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about SHEL valuation
Is Shell plc (SHEL) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Shell plc (SHEL) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SHEL a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SHEL trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SHEL’s P/E ratio?
You can see SHEL’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SHEL?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SHEL a good long-term investment?
Whether SHEL fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
SHEL
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Daily snapshot
2.08
Trading Metrics:
| Open: | 106.86 | Previous Close: | 105.8 | |
| Day Low: | 106.78 | Day High: | 108.08 | |
| Year Low: | 68.63 | Year High: | 108.08 | |
| Price Avg 50: | 96.33 | Price Avg 200: | 87.66 | |
| Volume: | 1.254M | Average Volume: | 6.462M |
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