Shell

SHEL · NYSE · USD

$95.32+0.29%+$0.27

Close · October 1, 2026

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021
Total revenue	266,886	284,312	316,620	381,314	261,504
Cost of revenue	199,092	211,499	238,123	284,006	198,734
Gross profit	67,794	72,813	78,497	97,308	62,770
Selling, general and administrative	12,607	12,439	13,433	12,883	11,328
Research and development	1,170	1,099	1,287	1,075	815
Operating income	29,834	33,452	34,630	64,331	24,814
EBIT	29,834	33,452	34,630	64,331	24,814
EBITDA	47,658	53,058	62,895	82,519	49,843
Interest expense	4,671	4,787	4,673	3,181	3,607
Pre-tax income	29,756	29,922	32,627	64,815	29,829
Income tax	11,637	13,401	12,991	21,941	9,199
Net income	17,837	16,094	19,359	42,309	20,101
Net income to common shareholders	17,837	16,094	19,359	42,309	20,101
Basic EPS	3.03	2.55	2.88	5.76	2.59
Diluted EPS	3.00	2.53	2.85	5.71	2.57
Average shares (basic)	5,891	6,300	6,734	7,348	7,762
Average shares (diluted)	5,949	6,364	6,800	7,411	7,807
Dividend per share	1.45	1.39	1.29	1.04	0.89