# Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) — Stock CV

Shell plc 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.

> 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.

## Identity

- **Ticker**: SHEL
- **Sector**: Energy
- **Employees**: 85 000
- **Website**: https://www.shell.com
- **Market cap**: $285B
- **Last price**: $100.00
- **Financial profile**: Solid

## Vitals (FY2025)

- **Revenue**: $267B
- **Net income**: $17.8B
- **Free cash flow**: $31.5B
- **Net debt**: $41.7B
- **P/E**: 11.0
- **Revenue growth (YoY)**: -6.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 18 |
| Profitability | 42 |
| Health | 74 |
| Quality | 90 |
| Moat | 55 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -6.1% YoY
- [x] Profitable — $17.8B FY2025
- [ ] Profit growing — -19.3% YoY
- [x] Generates cash — $31.5B FY2025
- [x] Debt under control — ~1.3y of cash flow to repay
- [x] Established company — $285B market cap
- [x] Not printing shares — -5.3% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 3.9 — safe
- [x] Pays a dividend — yield 2.96%
- [x] Valuation not extreme — P/E 11.0

## Experience (career milestones)

- **2026** — Shell is a constituent of the FTSE 100 Index and had a market capitalisation of £186 billion on 24 July 2026, making…
- **2026** — Shell agreed to acquire Canadian energy company ARC Resources for approximately $16.4 billion,…
- **FY2022** — Best year on record: $42.3B net income
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $100B: $262B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2016** — The acquisition was completed in February 2016, resulting in Shell surpassing Chevron Corporation and becoming the…
- **2010** — Shell agreed to acquire all the business of East Resources for a cash consideration of $4.7 billion
- **2005** — Following the purchase of an offshore lease in 2005, Shell initiated its US$4.5 billion Arctic drilling program in 2006
- **2001** — Shell became a major shareholder in Woodside after a 2001 takeover attempt was blocked by then federal Treasurer…
- **1964** — Shell was a partner in the world's first commercial sea transportation of liquefied natural gas (LNG)
- **1949** — The company, now fully restored, was renamed "Shell Italiana S.p.A"
- **1920** — The combined company rapidly became the leading competitor of the American Standard Oil and by 1920 Shell was the…
- **1897** — The "Shell" Transport and Trading Company (the quotation marks were part of the legal name) was a British company,…

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $262B | $20.1B | $45.8B |
| FY2022 | $381B | $42.3B | $31.2B |
| FY2023 | $317B | $19.4B | $35.1B |
| FY2024 | $284B | $16.1B | $23.9B |
| FY2025 | $267B | $17.8B | $31.5B |

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Source: https://stockcv.com/SHEL — derived from company filings; may be delayed or incomplete. Information, not investment advice.