Stock · SHEL.L · Energy

Shell plc

United Kingdom · Large Cap · Revenue 12 mo. $321.3B

Price as of 11/06/2026

Score with PlusTo the score
Price
£37.23
1 Y +21.0%
Market cap
£214.9B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −11.2% a year (3 years)EBIT margin 11.7%Payout 58.4% of operating cash flow

Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

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Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, United Kingdom.

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Summary

Shell plc is above the middle of the Energy sector overall

62.3 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 2.3% FCF growth a year: more than over the last 5 years, less than over the last 10 years.

If free cash flow stays at €19.8B (2025), it supports €219.5B. The remaining €38B of the market value assume it grows 2.3% a year for 10 years and not at all afterwards.

Required FCF growth per year

2.3%

no growth afterwards

Market value breakdown€257.4B market value, price as of 11/06/2026

€219.5B without growth
€38B priced-in growth
  • 5 yrs achieved −0.4%
  • 10 yrs achieved 22.9%
  • priced in 2.3%

Valuation against its own history

Price to operating cash flow 5.0×, above its usual range.

Middle half of 20 quarters: 3.4× to 4.6×, median 4.0×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

No sign supports the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Revenue declined revenue −6.1% year on year
  • Volatile earnings 4 drops or sign changes in up to 10 years

Since the last quarter

Q2 → Q3 2026

Mostly better than the previous quarter: 5 of 5 changes for the better.

  • Revenue, 12 mo.$295.5B → $321.3B+8.8%better
  • FCF, 12 mo.$29.7B → $35.5B+19.5%better
  • Gross margin17.9% → 19.3%+1.4 ppbetter
  • EBIT margin13.4% → 15.4%+2.0 ppbetter
  • Return on equity14.2% → 16.6%+2.4 ppbetter

3 more unchanged: FCF margin, Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability48.6around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity10.22%11.63%Rank 47
Return on capital (Greenblatt)14.94%11.00%Rank 69
EBIT margin11.75%14.02%Rank 43
FCF margin8.33%7.36%Rank 53
Gross margin17.02%23.60%Rank 31
Growth34.3below the middleGrows more slowly than the sector: Revenue growth, 1 year −6.13%, sector −1.93%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−6.13%−1.93%Rank 29
Earnings growth, 3 years per year−19.32%−10.72%Rank 35
Earnings growth, 5 years per yeardoes not count towards the rank–14.99%
Sustainable growth (ROE × retained earnings)7.25%9.68%Rank 39
Valuation70.6above the middleValued lower than the sector: EV/EBIT 11.61, sector 15.16.
MetricStockSector medianPosition in sector
Earnings yield5.98%4.80%Rank 61
FCF yield7.67%5.05%Rank 74
EV/saleslower is better1.362.31Rank 66
EV/EBITlower is better11.6115.16Rank 82
Momentum83.6above the middleShare price doing better than the sector: Share price, 6 months 20.45%, sector −0.91%.
MetricStockSector medianPosition in sector
Share price, 1 year21.01%14.27%Rank 61
Share price, 6 months20.45%−0.91%Rank 94
Share price, 3 months18.71%2.95%Rank 89
Distance from 52-week high−7.81%−17.83%Rank 90
Quality74.7above the middleQuality above the sector: Change in share count −6.52%, sector −0.04%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−1.20%0.88%Rank 64
Change in share countlower is better−6.52%−0.04%Rank 94
Dividend streak in years43Rank 67
Price reaction to results, market-adjusted2.11%0.36%Rank 74
Balance sheet & risk62.0above the middleLess risk than the sector: Volatility, 1 year 23.65%, sector 31.61%.
MetricStockSector medianPosition in sector
Equity ratio47.09%41.22%Rank 61
Net debt/EBITDAlower is better1.331.33Rank 50
Debt to equitylower is better0.600.69Rank 53
Volatility, 1 yearlower is better23.65%31.61%Rank 84

Ten years in figures

Revenue from $233.6B (2016) to $266.9B (2025), 1.5% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
2016233.61.0%−1.51.58B73.3
2017305.25.1%14.81.66B65.4
2018388.48.0%30.11.67B50.1
2019344.96.7%19.21.62B78.4
2020180.5−14.1%17.51.56B76.2
2021261.58.5%26.11.56B52.1
2022381.316.6%45.87.41B43.5
2023316.69.7%31.26.80B42.9
2024284.310.6%35.16.36B38.0
2025266.911.8%22.25.95B74.4

Score, radar and strategy match for Shell plc are visible with Plus. Metrics, price and sector comparison stay free.

Detail data

How does Shell plc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

Strategy match visible with Plus

The match with the 18 strategies checked is visible with Plus.

  • Mohanram G-Score: Growth Quality
  • Piotroski F-Score (9-Point Check)
  • StockScorer Score
  • Trending Value: Value + Momentum
  • Dividend Quality: 4 Factors
  • Growth Momentum (CAN SLIM principle)
  • Defensive: Low Volatility
  • Undervalued Stocks: Multi-Factor Check
  • Earnings Quality: Accrual Check (Sloan)
  • Levermann Strategy (13 Criteria)
  • Altman Z-Score: Stress Test
  • Moat Quality
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • Balanced GARP
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)

Shell plc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Shell plc.

MetricStockSector
P/E ratio16.720.0
P/B ratio1.72.3
Return on equity (ROE)10.2%11.6%
Equity ratio47.1%41.2%
Debt-to-equity (D/E)0.600.69
Dividend yield3.0%3.5%

Similar stocks in Energy

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
SHEL.LShell plcthis page
BP.LBP PLClocked
0857.HKPetroChina Company Limitedlocked
TTE.PATotalEnergies SElocked
CVXChevron Corplocked
PETR3.SAPetróleo Brasileiro S.A. - Petrobraslocked

Frequently asked questions about Shell plc stock

How does Shell plc stock (SHEL.L) score in the StockScorer model?
The StockScorer score for Shell plc is visible with Plus. The stock lies outside the basic universe (Germany 40, Germany Mid 50, Germany Small 70, Eurozone 50, S&P 500, NASDAQ-100).
What is Shell plc's P/E ratio?
Shell plc's P/E ratio is 16.7. The Energy sector median is 20.0.
What sector is Shell plc in?
Shell plc is assigned to the Energy sector. Its rank within the sector is 62.3 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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