Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day.
It is a $285B energy company. Revenue shrank 6.1% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~1.3 years of free cash flow. It trades at 11.0× earnings.
- Website
- shell.com
- Employees
- 85 000
- Sector
- Energy
- Founded
- 1897
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and quality; Growth and Profitability lag behind.
Valuation95
- P/E vs own history21th pct · 20/25
- FCF yield11.1% · 25/25
- P/S1.0x · 25/25
- EV/EBITDA5.1x · 25/25
Growth18
- Revenue CAGR0.5% · 6/25
- Net income CAGR-2.9% · 0/25
- EPS CAGR ~5Y-1.6% · 0/25
- Fwd implied growth10.8% · 12/25
Profitability42
- ROIC8.0% · 5/25
- ROE14.7% · 12/25
- Net margin6.7% · 13/25
- Operating margin14.1% · 12/25
Health74
- Altman Z3.91 · 25/25
- Current ratio1.43 · 12/25
- Interest coverage58.8x · 25/25
- Net cash / debtD/A 11% · 12/25
Quality90
- Piotroski F6/9 · 15/25
- Beneish M-2.72 · 25/25
- FCF conversion177% · 25/25
- Margin stabilityσ 2.5% · 25/25
Moat55
- ROIC >12% years2/5 yrs · 6/25
- Median gross margin25.4% · 6/25
- FCF-positive years5/5 yrs · 25/25
- Worst-year net marginworst 5.7% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026IPOShell is a constituent of the FTSE 100 Index and had a market capitalisation of £186 billion on 24 July 2026, making…
- 2026AcquisitionShell agreed to acquire Canadian energy company ARC Resources for approximately $16.4 billion,…
- FY2022FinancialBest year on record$42.3B net income
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $100B$262B in first reported year
- FY2021FinancialPositive free cash flow every year since5-year streak
- 2016AcquisitionThe acquisition was completed in February 2016, resulting in Shell surpassing Chevron Corporation and becoming the…
- 2010AcquisitionShell agreed to acquire all the business of East Resources for a cash consideration of $4.7 billion
- 2005AcquisitionFollowing the purchase of an offshore lease in 2005, Shell initiated its US$4.5 billion Arctic drilling program in 2006
- 2001AcquisitionShell became a major shareholder in Woodside after a 2001 takeover attempt was blocked by then federal Treasurer…
- 1964ProductShell was a partner in the world's first commercial sea transportation of liquefied natural gas (LNG)
- 1949MilestoneThe company, now fully restored, was renamed "Shell Italiana S.p.A"
- 1920MilestoneThe combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the…
- 1897FoundedThe "Shell" Transport and Trading Company (the quotation marks were part of the legal name) was a British company,…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Could repay net debt from ~1.3 years of free cash flow
- Interest covered 58.8× by operating earnings
- Altman Z-Score 3.91 — low bankruptcy-risk zone
Watch-outs
- Revenue shrinking 6.1% year over year
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-6.1% YoY
- Profitable — makes more than it spends$17.8B FY2025
- Profit growing — earnings are higher than last year-19.3% YoY
- Generates cash — cash left after running and investing$31.5B FY2025
- Debt under control — could handle its obligations~1.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$285B market cap
- Not printing shares — share count not ballooning — you keep your slice-5.3% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 3.9 — safe
- Pays a dividend — returns cash to shareholdersyield 2.96%
- Valuation not extreme — price not wildly above earningsP/E 11.0
Peer comparisonShell plc vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SHEL this company | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| CVX Chevron Corporation | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
| VLO Valero Energy Corporation | $125.1B | 17.3 | +12.6% | 5.2% | Strong |
Head-to-head: SHEL vs XOM · SHEL vs CVX · SHEL vs TTE
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SHEL
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SHEL on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $100.00 · market cap $285B.