Shell plc

LSE:SHEL Stock Report

Market Cap: UK£145.6b

Shell Future Growth

Future criteria checks 1/6

Shell is forecast to grow earnings and revenue by 10.8% and 0.3% per annum respectively. EPS is expected to grow by 18.4% per annum. Return on equity is forecast to be 11.8% in 3 years.

Key information

10.8%

Earnings growth rate

18.4%

EPS growth rate

Oil and Gas earnings growth17.2%
Revenue growth rate0.3%
Future return on equity11.8%
Analyst coverage

Good

Last updated08 May 2025

Recent future growth updates

Recent updates

Potential Upside For Shell plc (LON:SHEL) Not Without Risk

Apr 23
Potential Upside For Shell plc (LON:SHEL) Not Without Risk
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AI And Robotics Adoption Will Improve Long-Term Operational Performance

Mar 18 New technologies enhancing safety and efficiency may lead to improved long-term performance and higher net margins.

Shell plc (LON:SHEL) Shares Could Be 38% Below Their Intrinsic Value Estimate

Feb 24
Shell plc (LON:SHEL) Shares Could Be 38% Below Their Intrinsic Value Estimate

Does Shell (LON:SHEL) Have A Healthy Balance Sheet?

Jan 09
Does Shell (LON:SHEL) Have A Healthy Balance Sheet?

Cautious Investors Not Rewarding Shell plc's (LON:SHEL) Performance Completely

Dec 25
Cautious Investors Not Rewarding Shell plc's (LON:SHEL) Performance Completely

Returns On Capital At Shell (LON:SHEL) Have Hit The Brakes

Nov 25
Returns On Capital At Shell (LON:SHEL) Have Hit The Brakes

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

Nov 07
Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

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

Oct 04
Is Shell (LON:SHEL) Using Too Much Debt?

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

Sep 18
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

Aug 21
Shell (LON:SHEL) Is Looking To Continue Growing Its Returns On Capital

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

Jul 11
Investors Continue Waiting On Sidelines For Shell plc (LON:SHEL)

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

Jun 21
A Look At The Fair Value Of Shell plc (LON:SHEL)

Earnings and Revenue Growth Forecasts

LSE:SHEL - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027284,20620,84025,10246,0158
12/31/2026271,48119,56425,00544,84912
12/31/2025270,21417,80825,43442,88612
3/31/2025281,06913,51631,26950,638N/A
12/31/2024284,31216,09435,08654,687N/A
9/30/2024296,76215,63834,01754,091N/A
6/30/2024302,02518,39031,09751,740N/A
3/31/2024302,13918,00832,55053,362N/A
12/31/2023316,62019,35931,19854,191N/A
9/30/2023339,19129,29741,57664,027N/A
6/30/2023358,58928,99641,77364,233N/A
3/31/2023384,06943,90243,23467,758N/A
12/31/2022381,31442,30945,81468,414N/A
9/30/2022365,29143,36031,76054,178N/A
6/30/2022329,58536,17035,86757,664N/A
3/31/2022290,04321,55732,27351,625N/A
12/31/2021261,50420,10126,10445,104N/A
9/30/2021220,2124,62625,25243,222N/A
6/30/2021204,1915,56220,59737,600N/A
3/31/2021176,179-15,99611,34127,548N/A
12/31/2020180,543-21,68017,52034,105N/A
9/30/2020220,561-16,70219,99738,083N/A
6/30/2020263,132-11,31219,53439,932N/A
3/31/2020321,1719,81726,28648,399N/A
12/31/2019344,87715,84219,20742,178N/A
9/30/2019363,09920,46830,52353,934N/A
6/30/2019376,65720,42830,55553,774N/A
3/31/2019382,87923,45428,90052,243N/A
12/31/2018388,37923,352N/A53,085N/A
9/30/2018371,57321,569N/A38,339N/A
6/30/2018347,25219,817N/A33,829N/A
3/31/2018322,61815,338N/A35,614N/A
12/31/2017305,17912,977N/A35,650N/A
9/30/2017284,52410,711N/A37,545N/A
6/30/2017270,5497,999N/A38,455N/A
3/31/2017256,8337,629N/A29,462N/A
12/31/2016233,5914,575N/A20,615N/A
9/30/2016226,9703,973N/A16,868N/A
6/30/2016233,821-4,818N/A19,607N/A
3/31/2016247,808-2,007N/A23,365N/A
12/31/2015264,9601,939N/A29,810N/A
9/30/2015299,1881,595N/A33,995N/A
6/30/2015338,33313,474N/A35,575N/A
3/31/2015377,15314,795N/A38,166N/A
12/31/2014421,10514,874N/A45,044N/A
9/30/2014437,97416,060N/A41,464N/A
6/30/2014446,63616,274N/A39,062N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHEL's forecast earnings growth (10.8% per year) is above the savings rate (2.3%).

Earnings vs Market: SHEL's earnings (10.8% per year) are forecast to grow slower than the UK market (14.1% per year).

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

Revenue vs Market: SHEL's revenue (0.3% per year) is forecast to grow slower than the UK market (3.9% per year).

High Growth Revenue: SHEL's revenue (0.3% per year) is forecast to grow slower than 20% 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 (11.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/09 17:36
End of Day Share Price 2025/05/09 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shell plc is covered by 76 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thijs BerkelderABN AMRO Bank N.V.
Alejandro AcostaAlezor Research
John EadeArgus Research Company