Also trades as: SHEL.L (LSE) · $vol 468M · RDSA.L (LSE) · $vol 426M · RDSA.AS (AMS) · $vol 312M · RDS-A (NYSE) · $vol 244M · RDSB.L (LSE) · $vol 230M · SHELL.AS (AMS) · $vol 209M · RDS-B (NYSE) · $vol 143M · R6C.DE (XETRA) · $vol 4M · RDSB.AS (AMS) · $vol 3M · R6C3.DE (XETRA) · $vol 2M · RYDAF (OTC) · $vol 0M · L3H.F (FSX) · $vol 0M

$96.23

+0.62 (+0.65%)

Weekly Expected Move ±3.0%

$90 $93 $96 $99 $102

NYSE · Energy · Oil & Gas Integrated · Tech Score Buy · Power 67 · $268.3B mcap · 2.79B float · 0.234% daily turnover · Short 54% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$267.5B -5.9% ▼

5Y CAGR: +8.2%

Gross Profit

$44.6B -2.9% ▼

Operating Income

$19.6B -34.7% ▼

Net Income

$17.9B +11.1% ▲

EPS (Diluted)

$6.02 +19.0% ▲

EBITDA

$53.0B -14.0% ▼

5Y CAGR: +88.6%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$261.5B	$381.3B	$316.6B	$284.3B	$267.5B
YoY Growth	+44.8%	+45.8%	-17.0%	-10.2%	-5.9%
Cost of Revenue	$225.7B	$302.5B	$269.4B	$238.4B	$222.9B
Gross Profit	$35.8B	$78.8B	$47.2B	$45.9B	$44.6B
Gross Margin	13.7%	20.7%	14.9%	16.2%	16.7%
R&D Expenses	$815M	$1.1B	$1.3B	$1.1B	$1.2B
SG&A Expenses	$11.3B	$12.9B	$13.4B	$12.4B	$12.6B
Operating Expenses	$13.6B	$15.7B	$16.5B	$15.9B	$13.4B
Operating Income	$22.3B	$63.1B	$30.7B	$30.0B	$19.6B
Operating Margin	8.5%	16.6%	9.7%	10.5%	7.3%
Interest Expense	$3.6B	$5.3B	$4.6B	$4.9B	$4.7B
Income Before Tax	$29.8B	$64.8B	$32.6B	$29.9B	$29.8B
Tax Expense	$9.2B	$21.9B	$13.0B	$13.4B	$11.7B
Net Income	$20.1B	$42.3B	$19.4B	$16.1B	$17.9B
Net Margin	7.7%	11.1%	6.1%	5.7%	6.7%
EPS (Diluted)	$5.14	$11.42	$5.70	$5.06	$6.02
EBITDA	$56.5B	$92.6B	$60.4B	$61.7B	$53.0B
Shares Outstanding	3.90B	3.71B	3.40B	3.18B	2.97B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$71.1B	$66.3B	$69.2B	$65.4B	$67.7B	$64.1B	$69.7B	$94.7B
Cost of Revenue	$59.9B	$59.4B	$56.5B	$55.7B	$56.4B	$56.8B	$56.3B	$76.2B
Gross Profit	$11.1B	$6.8B	$12.7B	$9.7B	$11.3B	$7.3B	$13.4B	$18.5B
Gross Margin	15.7%	10.3%	18.4%	14.9%	16.7%	11.4%	19.3%	19.5%
R&D Expenses	$294M	$331M	$185M	$278M	$407M	$298M	$167M	$277M
SG&A Expenses	$3.1B	$3.2B	$2.8B	$3.1B	$3.3B	$3.4B	$2.8B	$2.9B
Operating Expenses	$3.7B	$4.4B	$3.2B	$3.7B	$3.5B	$4.1B	$3.1B	$3.3B
Operating Income	$7.4B	$2.4B	$9.5B	$6.0B	$7.8B	$3.2B	$10.4B	$15.2B
Operating Margin	10.4%	3.6%	13.7%	9.2%	11.5%	4.9%	14.9%	16.0%
Interest Expense	$1.2B	$1.3B	$1.1B	$1.1B	$1.3B	$1.3B	$1.5B	$1.1B
Income Before Tax	$7.3B	$4.2B	$9.0B	$6.0B	$7.9B	$6.9B	$9.3B	$15.8B
Tax Expense	$2.9B	$3.2B	$4.1B	$2.3B	$2.5B	$2.7B	$3.6B	$4.9B
Net Income	$4.3B	$928M	$4.8B	$3.6B	$5.3B	$4.1B	$5.7B	$10.8B
Net Margin	6.0%	1.4%	6.9%	5.5%	7.8%	6.5%	8.2%	11.4%
EPS (Diluted)	$1.36	$0.30	$1.50	$1.20	$1.80	$1.42	$2.00	$3.84
EBITDA	$14.0B	$11.3B	$15.2B	$12.5B	$14.9B	$13.9B	$16.5B	$22.4B
Shares Outstanding	3.20B	3.11B	3.18B	3.00B	2.95B	2.90B	2.85B	2.82B

SHEL NYSE