Historical source-based research. Compilation date and financial period are different dates.

Executive summary

Annual revenue of USD 266.886 billion and net income of USD 18.119 billion for the period ended 2025-12-31. This is a structured data brief from filed financial statements, not an independently audited investment opinion.

Business and industry context

Shell plc is an SEC-reporting issuer listed on NYSE under SHEL. Its SEC industry description is Crude Petroleum & Natural Gas. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications. Producers, refiners and service providers respond differently to commodity prices, project spending and capacity utilization.

Financial evidence

The selected fiscal period runs from 2025-01-01 to 2025-12-31. Revenue was USD 266.886 billion; operating income was not available; diluted EPS was not available per share. Prior-period revenue was USD 284.312 billion. The reported revenue change was -6.13%. Comparisons are not adjusted for acquisitions, disposals, foreign exchange or fiscal-week differences.

Profitability and cash generation

Net margin, calculated as net income divided by revenue, was 6.79%. Operating cash flow was USD 42.863 billion; capital expenditure was not available. Free cash flow (operating cash flow less purchases of property, plant and equipment) was not available. Missing standard tags are not interpreted as zero. These measures may not be directly comparable between business models.

Balance-sheet context

Total assets were USD 370.350 billion, total liabilities USD 195.031 billion and reported shareholder equity USD 174.392 billion at the period end. Total liabilities include operating obligations and are not a measure of interest-bearing debt.

Valuation context

Company profiles show eligible dated valuation ratios using the September 17, 2026 price snapshot and selected annual accounting denominators. Capitalization-based measures use estimates and are identified as such. These are not live, TTM or forward values. A historical-multiple series and EV/EBITDA are not available. Sector medians describe a selected sample; they do not establish fair value or expected returns.

Risks and uncertainties

Commodity cycles, project execution, reserve replacement, environmental liabilities and geopolitical exposure. Standardized XBRL can omit custom-tag disclosures. Annual data cannot establish the direction of the latest quarter.

What to monitor

Realized prices, production volumes, refining economics and capital expenditure. Read subsequent quarterly filings, footnotes and accounting-policy changes before interpreting these historical observations.

Methodology note

Source snapshots were collected on September 18, 2026. Values preserve reported currency and periods. This brief was compiled on September 26, 2026; the publication date is not a new source retrieval date.

Sources & dates

Methodology protocol ↗SMS research updates ↗