Shell plc

NYSE:SHEL Stock Report

Market Cap: US$209.3b

Shell Future Growth

Future criteria checks 1/6

Shell is forecast to grow earnings and revenue by 9.5% and 2% per annum respectively. EPS is expected to grow by 14.8% per annum. Return on equity is forecast to be 12.3% in 3 years.

Key information

9.5%

Earnings growth rate

14.76%

EPS growth rate

Oil and Gas earnings growth12.3%
Revenue growth rate2.0%
Future return on equity12.28%
Analyst coverage

Good

Last updated04 Aug 2025

Recent future growth updates

Recent updates

Shell: Brace For Disapointing Q2 Results And Early Signs Of Upstream Decline

Jul 28

Parsing European Supermajors: Shell Reigns Supreme

Apr 11

5 Reasons Shell Is On The Up And Up (Rating Upgrade)

Mar 27

Shell: LNG As An Intermediate Step To Clean Energy

Mar 11

Shell:  9/10 U.S. LNG Shipments Going To Europe, Still Not Enough To Balance The Market

Feb 12

Shell: Entering 2025 At A 16% FCF Yield, Top Pick Confirmed

Jan 29

Shell Is A Great Integrated Oil Company

Dec 26

Shell: U.K. Upstream Merger Is A Good Sign For Shell And A Bad One For The U.K.

Dec 06

Shell: Take The Time To Consider This Given The Strong Earnings Report

Nov 01

Shell's Upcoming Earnings: A Beat Seems Likely, Don't Expect A Surging Share Price

Oct 25

Shell: The Outlook Underwhelms (Rating Downgrade)

Sep 12

Shell Is Transitioning Back To Being An Oil And Gas Producer

Aug 21

Shell: Well On Track To Deliver On CMD Sprint

Aug 10

Shell Stock Has A Nice European Discount

Jul 19

Shell: Single-Digit P/E With Share-Price Momentum, A FCF Stalwart

Jul 10

Shell Is On The Right Track

Jun 18

Shell: Strong Q1 Blows Estimates Out Of The Water

May 27

3 Reasons Shell Remains A Buy

May 12

Shell: LNG Leadership Makes For An Attractive Risk/Reward

Mar 28

Shell: Higher Reserve And An Attractive Valuation

Mar 22

Shell: Earnings Report Is More Positive Than Not

Feb 03

Shell Is Refocusing The Future Of The Firm

Jan 18

Shell: Lower Oil Prices Hurt, But Shares Still A Bargain With A High Yield

Jan 11

Earnings and Revenue Growth Forecasts

NYSE:SHEL - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027285,97620,22325,10845,4859
12/31/2026276,93917,64222,22842,99011
12/31/2025273,02716,88423,34842,94611
6/30/2025272,01113,60128,74949,067N/A
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
3/31/2019382,87923,454N/A52,243N/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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHEL's forecast earnings growth (9.5% per year) is above the savings rate (2.9%).

Earnings vs Market: SHEL's earnings (9.5% per year) are forecast to grow slower than the US market (14.7% per year).

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

Revenue vs Market: SHEL's revenue (2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: SHEL's revenue (2% 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 (12.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/04 20:57
End of Day Share Price 2025/08/04 00:00
Earnings2025/06/30
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 78 analysts. 23 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