Shell Future Growth

Future criteria checks 1/6

Shell's revenue is forecast to decline at 2.8% per annum while its annual earnings are expected to grow at 5.5% per year. EPS is expected to grow by 11.1% per annum. Return on equity is forecast to be 10.8% in 3 years.

Key information

5.5%

Earnings growth rate

11.1%

EPS growth rate

Oil and Gas earnings growth	11.3%
Revenue growth rate	-2.8%
Future return on equity	10.8%
Analyst coverage	Good
Last updated	13 Nov 2024

Recent future growth updates

Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

May 04

Recent updates

Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Nov 07

Is Shell (LON:SHEL) Using Too Much Debt?

Oct 04

Shell (LSE:SHEL) Announces New Chairman in Kazakhstan and $3.5 Billion Share Buyback Program

Sep 18

Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

May 04

Shell (LON:SHEL) Has More To Do To Multiply In Value Going Forward

May 02

These 4 Measures Indicate That Shell (LON:SHEL) Is Using Debt Reasonably Well

Apr 01

An Intrinsic Calculation For Shell plc (LON:SHEL) Suggests It's 30% Undervalued

Mar 09

Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Feb 08

Shell (LON:SHEL) Is Doing The Right Things To Multiply Its Share Price

Jan 26

Are Investors Undervaluing Shell plc (LON:SHEL) By 22%?

Nov 26

Earnings and Revenue Growth Forecasts

LSE:SHEL - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	281,480	22,596	26,892	49,037	9
12/31/2025	276,384	23,171	26,985	49,363	10
12/31/2024	294,029	22,356	32,031	52,155	9
9/30/2024	296,762	15,638	34,017	54,091	N/A
6/30/2024	302,025	18,390	31,097	51,740	N/A
3/31/2024	302,139	18,008	32,550	53,362	N/A
12/31/2023	316,620	19,359	31,198	54,191	N/A
9/30/2023	339,191	29,297	41,576	64,027	N/A
6/30/2023	358,589	28,996	41,773	64,233	N/A
3/31/2023	384,069	43,902	43,234	67,758	N/A
12/31/2022	381,314	42,309	45,814	68,414	N/A
9/30/2022	365,291	43,360	31,760	54,178	N/A
6/30/2022	329,585	36,170	35,867	57,664	N/A
3/31/2022	290,043	21,557	32,273	51,625	N/A
12/31/2021	261,504	20,101	26,104	45,104	N/A
9/30/2021	220,212	4,626	25,252	43,222	N/A
6/30/2021	204,191	5,562	20,597	37,600	N/A
3/31/2021	176,179	-15,996	11,341	27,548	N/A
12/31/2020	180,543	-21,680	17,520	34,105	N/A
9/30/2020	220,561	-16,702	19,997	38,083	N/A
6/30/2020	263,132	-11,312	19,534	39,932	N/A
3/31/2020	321,171	9,817	26,286	48,399	N/A
12/31/2019	344,877	15,842	19,207	42,178	N/A
9/30/2019	363,099	20,468	30,523	53,934	N/A
6/30/2019	376,657	20,428	30,555	53,774	N/A
3/31/2019	382,879	23,454	28,900	52,243	N/A
12/31/2018	388,379	23,352	30,074	53,085	N/A
9/30/2018	371,573	21,569	16,614	38,339	N/A
6/30/2018	347,252	19,817	N/A	33,829	N/A
3/31/2018	322,618	15,338	N/A	35,614	N/A
12/31/2017	305,179	12,977	N/A	35,650	N/A
9/30/2017	284,524	10,711	N/A	37,545	N/A
6/30/2017	270,549	7,999	N/A	38,455	N/A
3/31/2017	256,833	7,629	N/A	29,462	N/A
12/31/2016	233,591	4,575	N/A	20,615	N/A
9/30/2016	226,970	3,973	N/A	16,868	N/A
6/30/2016	233,821	-4,818	N/A	19,607	N/A
3/31/2016	247,808	-2,007	N/A	23,365	N/A
12/31/2015	264,960	1,939	N/A	29,810	N/A
9/30/2015	299,188	1,595	N/A	33,995	N/A
6/30/2015	338,333	13,474	N/A	35,575	N/A
3/31/2015	377,153	14,795	N/A	38,166	N/A
12/31/2014	421,105	14,874	N/A	45,044	N/A
9/30/2014	437,974	16,060	N/A	41,464	N/A
6/30/2014	446,636	16,274	N/A	39,062	N/A
3/31/2014	448,083	12,704	N/A	42,865	N/A
12/31/2013	451,235	16,371	N/A	40,440	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHEL's forecast earnings growth (5.5% per year) is above the savings rate (2.1%).

Earnings vs Market: SHEL's earnings (5.5% per year) are forecast to grow slower than the UK market (14.7% per year).

High Growth Earnings: SHEL's earnings are forecast to grow, but not significantly.

Revenue vs Market: SHEL's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: SHEL's revenue is forecast to decline over the next 3 years (-2.8% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SHEL's Return on Equity is forecast to be low in 3 years time (10.8%).

Shell Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%

Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Shell plc Provides Production Guidance for the Second Quarter of 2024

Shell plc Provides Production Guidance for the Fourth Quarter 2023

Recent updates

Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Third quarter dividend of US$0.34 announced

New minor risk - Profit margin trend

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Shell plc to Report Fiscal Year 2024 Final Results on Mar 13, 2025

Consensus EPS estimates fall by 13%

Shell plc to Report Q3, 2025 Results on Oct 30, 2025

Shell plc to Report Q3, 2024 Results on Oct 31, 2024

Is Shell (LON:SHEL) Using Too Much Debt?

Shell (LSE:SHEL) Announces New Chairman in Kazakhstan and $3.5 Billion Share Buyback Program

Shell (LON:SHEL) Is Looking To Continue Growing Its Returns On Capital

Second quarter dividend of US$0.34 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Shell plc Announces an Interim Dividend for the Second Quarter of 2024, Payable on September 23, 2024

BP, Shell and Total Take Stake in UAE Energy Project

Investors Continue Waiting On Sidelines For Shell plc (LON:SHEL)

A Look At The Fair Value Of Shell plc (LON:SHEL)

Now 20% undervalued

Shell, Exxon Mobil Reportedly Near Deal to Sell North Sea Assets to Viaro Energy

Exxon Mobil, Shell Reportedly to Weigh Bids for Galp Namibia Stake

Shell Reportedly in Talks to Sell Malaysia Fuel Stations to Saudi Aramco

First quarter dividend of US$0.34 announced

Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Shell plc Provides Production Guidance for the Second Quarter of 2024

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Shell plc Announces an Interim Dividend for the First Quarter of 2024, Payable on June 24, 2024

Shell (LON:SHEL) Has More To Do To Multiply In Value Going Forward

Shell and Saudi Aramco Reportedly to be in Final Stage of Talks to Buy Temasek-Owned Pavilion Energy

These 4 Measures Indicate That Shell (LON:SHEL) Is Using Debt Reasonably Well

Shell plc to Report Q1, 2024 Results on Apr 05, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

An Intrinsic Calculation For Shell plc (LON:SHEL) Suggests It's 30% Undervalued

MERO Reportedly May Buy Shell Stake in MiRo

Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Upcoming dividend of US$0.34 per share at 4.4% yield

Fourth quarter dividend of US$0.34 announced

Shell plc to Report Fiscal Year 2023 Results on Mar 14, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Shell plc, Annual General Meeting, May 21, 2024

Shell (LON:SHEL) Is Doing The Right Things To Multiply Its Share Price

Shell plc Provides Production Guidance for the Fourth Quarter 2023

Shell plc to Report Q4, 2023 Results on Jan 08, 2024

Are Investors Undervaluing Shell plc (LON:SHEL) By 22%?

Upcoming dividend of US$0.33 per share at 4.1% yield

Shell plc to Report Q2, 2024 Results on Aug 01, 2024

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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