Shell Future Growth

Future criteria checks 1/6

Shell's revenue is forecast to decline at 1% per annum while its annual earnings are expected to grow at 5.6% per year. EPS is expected to grow by 9.3% per annum. Return on equity is forecast to be 12.6% in 3 years.

Key information

5.6%

Earnings growth rate

9.3%

EPS growth rate

Oil and Gas earnings growth	5.1%
Revenue growth rate	-1.0%
Future return on equity	12.6%
Analyst coverage	Good
Last updated	25 Jun 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE: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	302,787	25,735	25,308	50,317	7
12/31/2025	298,544	26,053	27,038	50,947	9
12/31/2024	317,762	26,528	28,927	52,719	9
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	12,886	33,829	N/A
3/31/2018	322,618	15,338	14,286	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
9/30/2013	460,039	21,318	N/A	44,325	N/A
6/30/2013	455,644	23,805	N/A	43,399	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHEL's forecast earnings growth (5.6% per year) is above the savings rate (2.4%).

Earnings vs Market: SHEL's earnings (5.6% per year) are forecast to grow slower than the US market (14.8% 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 (-1% per year).

High Growth Revenue: SHEL's revenue is forecast to decline over the next 3 years (-1% 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 (12.6%).

Shell Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Shell plc Provides Production Guidance for the Second Quarter of 2024

Shell plc Provides Production Guidance for the Fourth Quarter 2023

Shell plc Provides Production Guidance for the Third Quarter of 2023

Recent updates

Shell Is On The Right Track

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

Shell: Strong Q1 Blows Estimates Out Of The Water

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

3 Reasons Shell Remains A Buy

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

Shell plc Provides Production Guidance for the Second Quarter of 2024

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

Shell: LNG Leadership Makes For An Attractive Risk/Reward

Shell: Higher Reserve And An Attractive Valuation

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

MERO Reportedly May Buy Shell Stake in MiRo

Shell: Earnings Report Is More Positive Than Not

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

Shell plc, Annual General Meeting, May 21, 2024

Shell Is Refocusing The Future Of The Firm

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

Shell plc Provides Production Guidance for the Fourth Quarter 2023

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

OPEC+ Decision Will Likely Support Shell Earnings

Shell: A Buy Near Its All-Time High

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

Shell plc to Report Q4, 2023 Results on Feb 01, 2024

Shell: Out Of The Doghouse

Shell plc: Integrated Gas Expected To Drop In Q3 2023

Shell plc Provides Production Guidance for the Third Quarter of 2023

Shell: Strong Cash Flow, Share Buybacks, Bullish Price Momentum Into Q4

Shell Reportedly Weighs Sale of Stake in the Operational Assets of Sprng Energy group

Unimot Reportedly in Talks to Buy Shell's Stake in German Schwedt Refinery

Shell Reportedly Puts Germany's Sonnen on the Block

Octopus Energy Group Limited agreed to acquire Shell Energy Retail Limited and Shell Energy Retail GmbH from Shell Plc.

Shell plc (LSE:SHEL) completed the acquisition of 39 service stations in Slovenia from MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság (BUSE:MOL).

Shell: Income And Diversification Remain Strong

Shell Reportedly Taps Goldman Sachs to Explore Singapore Refinery Sale

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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