Shell SHEL
$99.09 −$1.03 (-1.03%)
Market closed · Nov 6, 10:30 pm ET · Last extended-hours $99.99 +0.91%
Open$98.48
Prev close$100.12
Day range$98.31 – $99.92
Volume6.45M
Market cap$280.69B
P/E (TTM)8.6
Dividend yield3.05%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$92.85B+36.2% YoY
Operating profit$17.42B+125.3% YoY
Net profit$12.15B+124.1% YoY
Diluted EPS$4.26+136.7% YoY
Free cash flow$13.47B+76.0% YoY
Operating cash flow$21.04B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin18.9%
Operating margin14.5%
Net margin10.2%
Return on equity17.5%
Return on assets8.2%
Return on invested capital13.3%
Current ratio1.38
Liabilities / assets52.6%
Cash & investments$36.43B
Total debt$67.13B
Net cash (debt)-$30.71B
Free cash flow / sales11.6%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $92.85B | $94.66B | $69.69B | $266.89B | $64.09B |
| Total Operating Revenue | $92.85B | $94.66B | $69.69B | $266.89B | $64.09B |
| Cost of Revenue | $72.00B | $76.19B | $56.26B | $224.39B | $56.81B |
| Gross Profit | $20.85B | $18.48B | $13.43B | $42.50B | $7.28B |
| Operating Expense | $3.43B | $3.30B | $3.07B | $14.91B | $4.12B |
| Selling and Admin Expenses | $2.54B | $2.91B | $2.80B | $12.61B | $3.43B |
| -General & Admin Expense | $2.54B | $2.91B | $2.80B | $12.61B | $3.43B |
| Research & Development | $232.00M | $277.00M | $167.00M | $1.17B | $298.00M |
| Other Operating Expenses | $661.00M | $110.00M | $98.00M | $1.14B | $391.00M |
| Operating Profit | $17.42B | $15.18B | $10.37B | $27.58B | $3.16B |
| Net Non-Operating Interest Income (Expense) | -$669.00M | -$679.00M | -$1.03B | -$2.67B | -$944.00M |
| Non-Operating Interest Income | $499.00M | $435.00M | $442.00M | $2.07B | $319.00M |
| Non-Operating Interest Expense | $1.17B | $1.11B | $1.47B | $4.74B | $1.26B |
| Special Income (Charges) | $327.00M | $642.00M | $59.00M | $3.19B | $4.42B |
| -Less:Impairment of Capital Assets | $742.00M | – | $5.00M | – | – |
| -Less:Other Special Charges | -$1.07B | -$642.00M | -$64.00M | -$3.19B | -$2.12B |
| Pretax Profit | $17.99B | $15.75B | $9.33B | $29.76B | $6.90B |
| Tax | $5.84B | $4.95B | $3.57B | $11.64B | $2.72B |
| Net Profit | $12.15B | $10.81B | $5.76B | $18.12B | $4.18B |
| Profit from Continuing Operations | $12.15B | $10.81B | $5.76B | $18.12B | $4.18B |
| Minority Interests | $88.00M | -$16.00M | $64.00M | $282.00M | $46.00M |
| Net Income to Parent Company | $12.06B | $10.82B | $5.69B | $17.84B | $4.13B |
| Other Preferred Stock Dividends | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income to Common Stockholders | $12.06B | $10.82B | $5.69B | $17.84B | $4.13B |
| Basic EPS | $4.30 | $3.88 | $2.02 | $6.06 | $1.44 |
| Diluted EPS | $4.26 | $3.84 | $2.00 | $6.00 | $1.42 |
| Dividend Per Share | $0.78 | $0.78 | $0.74 | $2.86 | $0.72 |
| Other Non-Operating Income (Expenses) | – | $120.00M | $70.00M | $420.00M | $287.00M |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $420.57B | $380.51B | $380.60B | $370.35B | $370.35B |
| Total Current Assets | $141.82B | $122.83B | $119.16B | $107.17B | $107.17B |
| Cash and Cash Equivalents & Short-Term Investments | $36.43B | $31.37B | $23.12B | $29.63B | $29.63B |
| -Cash and Cash Equivalents | $36.43B | $31.37B | $23.12B | $29.63B | $29.63B |
| -Accounts Receivable | $58.87B | $52.94B | $53.89B | $30.01B | $30.01B |
| Inventory | $29.77B | $26.64B | $28.70B | $22.22B | $22.22B |
| Other Current Assets | $1.00M | – | $1.00M | – | – |
| Total Non-Current Assets | $278.76B | $257.68B | $261.44B | $263.18B | $263.18B |
| Net PPE | $203.37B | $182.30B | $185.71B | $185.08B | $185.08B |
| -Available for Sale Securities | $1.05B | $1.48B | $1.55B | $1.48B | $1.48B |
| -Long Term Equity Investment | $27.56B | $28.00B | $27.58B | $27.78B | $27.78B |
| Financial Assets | $883.00M | $558.00M | $573.00M | $619.00M | $619.00M |
| Goodwill and Other Intangible Assets | $26.33B | $25.42B | $26.06B | $26.67B | $26.67B |
| -Goodwill | $16.07B | $14.97B | $15.19B | $15.66B | $15.66B |
| -Other Intangible Assets | $10.26B | $10.45B | $10.87B | $11.01B | $11.01B |
| Defined Pension Benefit | $5.74B | $5.31B | $5.19B | $5.05B | $5.05B |
| Total Liabilities | $221.06B | $198.73B | $206.00B | $195.03B | $195.03B |
| Total Current Liabilities | $102.99B | $85.61B | $93.47B | $82.42B | $82.42B |
| Payables | $76.74B | $65.09B | $68.17B | $50.00B | $50.00B |
| -Accounts Payable | $70.93B | $60.74B | $64.29B | $28.14B | $28.14B |
| -Total Tax Payable | $5.82B | $4.35B | $3.88B | $6.01B | $6.01B |
| Short-Term Debt and Capital Lease Obligation | $8.94B | $8.54B | $10.06B | $9.13B | $9.13B |
| Current Provisions | $3.76B | $3.94B | $3.96B | $5.88B | $5.88B |
| Total Non-Current Liabilities | $118.07B | $113.12B | $112.52B | $112.62B | $112.62B |
| Long Term Accounts Payable and Other Payables | $6.61B | $7.29B | $5.12B | $4.46B | $4.46B |
| Long Term Debt and Capital Lease Obligation | $67.13B | $64.53B | $65.58B | $66.52B | $66.52B |
| Derivative Product Liabilities | $1.26B | $1.07B | $1.16B | $1.11B | $1.11B |
| Non-Current Liabilities | $22.02B | $21.76B | $21.90B | $21.41B | $21.41B |
| Total Equity | $199.51B | $181.78B | $174.60B | $175.32B | $175.32B |
| Stockholders' Equity | $198.44B | $180.79B | $173.58B | $174.39B | $174.39B |
| Capital Stock | $478.00M | $465.00M | $471.00M | $477.00M | $477.00M |
| -Common Stock | $478.00M | $465.00M | $471.00M | $477.00M | $477.00M |
| Additional Paid-In Capital | $11.06B | $470.00M | $464.00M | $457.00M | $457.00M |
| Retained Earnings | $167.21B | $160.70B | $153.45B | $153.53B | $153.53B |
| Less: Treasury Stock | $236.00M | $236.00M | $231.00M | $847.00M | $847.00M |
| Other Equity Interests | $996.00M | $805.00M | $691.00M | $1.36B | $1.36B |
| Minority Interests | $1.08B | $995.00M | $1.02B | $927.00M | $927.00M |
| Other Non-Current Assets | – | -$1.00M | – | – | – |
| Other Non-Current Liabilities | – | -$1.00M | $1.00M | – | – |
| -Current Debt | – | – | $4.70B | $4.52B | $4.52B |
| -Current Capital Lease Obligation | – | – | $5.36B | $4.61B | $4.61B |
| -Long Term Debt | – | – | $40.36B | $42.19B | $42.19B |
| -Long Term Capital Lease Obligation | – | – | $25.23B | $24.32B | $24.32B |
| -Taxes Receivable | – | – | – | $2.08B | $2.08B |
| -Other Receivables | – | – | – | $8.00B | $8.00B |
| Prepaid Assets | – | – | – | $4.32B | $4.32B |
| Restricted Cash | – | – | – | $586.00M | $586.00M |
| -Gross PPE | – | – | – | $444.94B | $444.94B |
| -Accumulated Depreciation | – | – | – | -$259.86B | -$259.86B |
| -Held to Maturity Securities | – | – | – | $39.00M | $39.00M |
| -Other Payable | – | – | – | $15.85B | $15.85B |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $21.04B | $21.43B | $6.06B | $42.86B | $9.44B |
| Net Income from Continuing Operations | $17.99B | $15.75B | $9.33B | $29.76B | $6.90B |
| Other Non-Cash Items | -$1.78B | $1.23B | $1.45B | $1.55B | -$1.36B |
| Change in Working Capital | -$638.00M | $3.45B | -$11.18B | -$1.80B | $1.28B |
| -Change in Receivables | -$6.68B | $1.59B | -$10.40B | $2.24B | $646.00M |
| -Change in Inventory | -$3.27B | $3.74B | -$6.69B | $1.92B | $738.00M |
| Net cash flow from investing | -$4.72B | -$3.91B | -$3.14B | -$16.81B | -$5.19B |
| Capital Expenditure | -$7.58B | -$4.03B | -$3.76B | -$18.95B | -$5.25B |
| Net PPE Purchase and Sale | $2.46B | $366.00M | $272.00M | $1.15B | -$101.00M |
| Net Business Purchase and Sale | -$269.00M | -$116.00M | -$384.00M | -$681.00M | -$577.00M |
| Net Investment Purchase and Sale | $120.00M | $11.00M | $19.00M | -$49.00M | -$36.00M |
| Net Other Investing Changes | $141.00M | -$512.00M | $352.00M | -$238.00M | $302.00M |
| Financing Cash Flow | -$11.24B | -$9.17B | -$9.82B | -$35.81B | -$7.05B |
| Net Issuance Payments Of Debt | -$4.69B | -$2.83B | -$2.78B | -$9.15B | -$53.00M |
| Net Common Stock Issuance | -$3.16B | -$3.00B | -$3.61B | -$15.18B | -$3.80B |
| Cash Dividends Paid | -$2.15B | -$2.16B | -$2.10B | -$8.47B | -$2.07B |
| Net Other Financing Charges | -$291.00M | $31.00M | -$285.00M | $1.24B | $95.00M |
| Ending Cash Balance | $36.43B | $31.37B | $23.12B | $30.22B | $30.22B |
| Net Change in Cash | $5.08B | $8.36B | -$6.89B | -$9.76B | -$2.80B |
| Beginning Cash Balance | $31.37B | $23.12B | $30.22B | $39.11B | $33.05B |
| Effect of Exchange Rate Changes | -$29.00M | -$101.00M | -$205.00M | $866.00M | -$36.00M |
| Free Cash Flow | $13.47B | $17.40B | $2.31B | $23.92B | $4.19B |
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