Shell plc income statement SHEL
In fiscal 2025, which ended Dec 31, 2025, Shell plc reported revenue of $257.4 billion, down 6.2% from the year before. Net income was $18.1 billion, a profit margin of 7.0%. Across the 9 fiscal years shown, revenue shrank from $305.2 billion in fiscal 2017 to $257.4 billion in fiscal 2025, about 2.1% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
|---|---|---|---|---|---|---|---|---|---|
| Revenue |
257,352
-6.2%
|
274,347
-13.4%
|
316,620
-17.0%
|
381,314
+45.8%
|
261,504
+44.8%
|
180,543
-47.7%
|
344,877
-11.2%
|
388,379
+27.3%
|
305,179
|
| Research and development |
1,170
+6.5%
|
1,099
-14.6%
|
1,287
+19.7%
|
1,075
+31.9%
|
815
-10.1%
|
907
-5.7%
|
962
-2.4%
|
986
+6.9%
|
922
|
| Selling, general and administrative |
12,607
+1.4%
|
12,439
-7.4%
|
13,433
+4.3%
|
12,883
+13.7%
|
11,328
+14.6%
|
9,881
-5.8%
|
10,493
-7.6%
|
11,360
+8.1%
|
10,509
|
| Pretax income |
29,756
-0.6%
|
29,922
-8.3%
|
32,627
-49.7%
|
64,815
+117.3%
|
29,829
+210.6%
|
-26,967
-205.8%
|
25,485
-28.5%
|
35,621
+96.5%
|
18,130
|
| Income tax |
11,637
-13.2%
|
13,401
+3.2%
|
12,991
-40.8%
|
21,941
+138.5%
|
9,199
+269.3%
|
-5,433
-160.0%
|
9,053
-22.7%
|
11,715
+149.5%
|
4,695
|
| Net income |
18,119
+9.7%
|
16,521
-15.9%
|
19,636
-54.2%
|
42,874
+107.8%
|
20,630
+195.8%
|
-21,534
-231.0%
|
16,432
-31.3%
|
23,906
+77.9%
|
13,435
|
| Weighted average shares, basic |
5,891
-6.5%
|
6,300
-6.4%
|
6,734
-8.4%
|
7,348
-5.3%
|
7,762
-0.4%
|
7,796
-3.3%
|
8,058
-2.7%
|
8,283
+0.7%
|
8,223
|
| Weighted average shares, diluted |
5,949
-6.5%
|
6,364
-6.4%
|
6,800
-8.2%
|
7,410
-5.1%
|
7,807
+0.1%
|
7,796
-3.9%
|
8,112
-2.8%
|
8,349
+0.6%
|
8,299
|
| Other measures | |||||||||
| Depreciation and amortization |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
22,135
-15.6%
|
26,223
|
| Margins | |||||||||
| Pretax margin |
11.56%
|
10.91%
|
10.30%
|
17.00%
|
11.41%
|
-14.94%
|
7.39%
|
9.17%
|
5.94%
|
| Profit margin |
7.04%
|
6.02%
|
6.20%
|
11.24%
|
7.89%
|
-11.93%
|
4.76%
|
6.16%
|
4.40%
|
| Effective tax rate |
39.11%
|
44.79%
|
39.82%
|
33.85%
|
30.84%
|
—
|
35.52%
|
32.89%
|
25.90%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
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Company profile
- Industry
- Crude Petroleum & Natural Gas (SIC 1311)
- Listed as
- SHEL (NYSE), RYDAF (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- DC
- Headquarters
- London
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1306965
- Former names
- Royal Dutch Shell plc (until Jan 13, 2022)
Other Crude Petroleum & Natural Gas companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.