Shell plc (SHEL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
SHEL Revenue Growth
Revenue Breakdown (FY 2025)
SHEL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SHEL Revenue Analysis (2014–2025)
As of May 6, 2026, Shell plc (SHEL) generated trailing twelve-month (TTM) revenue of $266.38 billion, reflecting slight decline in growth of -3.4% year-over-year. The most recent quarter (Q4 2025) recorded $64.00 billion in revenue, down 5.5% sequentially.
Looking at the longer-term picture, SHEL's 5-year compound annual growth rate (CAGR) stands at +8.2%, indicating steady revenue expansion. The company achieved its highest annual revenue of $421.11 billion in 2014.
Revenue diversification analysis shows SHEL's business is primarily driven by Natural Gas and Natural Gas Liquids (NGL) (41%), Crude Oil (26%), and Other Contracts (15%).
When compared to Energy sector peers including XOM (-4.5% YoY), CVX (-4.6% YoY), and BP (+3.9% YoY), SHEL has underperformed the peer group in terms of revenue growth. Compare SHEL vs XOM →
SHEL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SHELCurrent | $266.4B | -3.4% | +8.2% | 7.3% | |
 XOM | $323.9B | -4.5% | +12.6% | 10.5% | |
 CVX | $184.4B | -4.6% | +14.3% | 9.0% | |
 BP | $189.3B | +3.9% | +12.3% | 8.2% | |
 TTE | $182.3B | -4.0% | +8.8% | 10.9% | |
 E | $78.9B | -11.1% | +12.4% | 7.3% |
SHEL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $267.51B | -5.9% | $44.59B | 16.7% | $19.57B | 7.3% |
| 2024 | $284.31B | -10.2% | $45.94B | 16.2% | $29.99B | 10.5% |
| 2023 | $316.62B | -17.0% | $47.21B | 14.9% | $30.74B | 9.7% |
| 2022 | $381.31B | +45.8% | $78.78B | 20.7% | $63.11B | 16.6% |
| 2021 | $261.50B | +44.8% | $35.85B | 13.7% | $22.28B | 8.5% |
| 2020 | $180.54B | -47.6% | $-12,995,000,000 | -7.2% | $-25,530,000,000 | -14.1% |
| 2019 | $344.88B | -11.2% | $36.76B | 10.7% | $22.95B | 6.7% |
| 2018 | $388.38B | +27.3% | $44.88B | 11.6% | $31.19B | 8.0% |
| 2017 | $305.18B | +30.6% | $28.86B | 9.5% | $15.48B | 5.1% |
| 2016 | $233.59B | -11.8% | $17.59B | 7.5% | $2.37B | 1.0% |
Full SHEL Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Should I Buy SHEL Right Now?
Bull case, key risks, Wall St analyst verdict, and what council investors are saying — updated daily.
See SHEL's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs SHEL Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare SHEL vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonSHEL — Frequently Asked Questions
Quick answers to the most common questions about buying SHEL stock.
Is SHEL's revenue growth accelerating or slowing?
SHEL revenue growth slowed to -3.4%, below the 5-year CAGR of +8.2%. TTM revenue is $266.4B. The deceleration marks a shift from historical growth rates.
What is SHEL's long-term revenue growth rate?
Shell plc's 5-year revenue CAGR of +8.2% reflects the variable expansion pattern. Current YoY growth of -3.4% is near this long-term average.
How is SHEL's revenue distributed by segment?
SHEL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.