Shell plc revenue by segment SHEL
Shell plc splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Marketing at $111.9 billion, 43% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Oil Products at $114.7 billion, 45% of the total.
USD in millions. 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
|
274,347
|
316,620
|
381,314
|
261,504
|
180,543
|
344,877
|
388,379
|
305,179
|
| Operating segments | |||||||||
| Marketing |
111,855
-6.9%
share 43.5%
|
120,089
-8.0%
share 43.8%
|
130,559
+8.2%
share 41.2%
|
120,638
+44.5%
share 31.6%
|
83,494
share 31.9%
|
—
|
—
|
—
|
—
|
| Chemicals And Products |
77,071
-15.2%
share 29.9%
|
90,918
-6.3%
share 33.1%
|
97,080
-32.7%
share 30.7%
|
144,342
+24.0%
share 37.9%
|
116,448
share 44.5%
|
—
|
—
|
—
|
—
|
| Integrated Gas |
38,457
+3.1%
share 14.9%
|
37,290
-0.9%
share 13.6%
|
37,645
-31.2%
share 11.9%
|
54,751
+83.0%
share 14.4%
|
29,922
-10.1%
share 11.4%
|
33,287
-19.4%
share 18.4%
|
41,322
share 12.0%
|
—
|
—
|
| Renewables And Energy Solutions |
34,359
+17.0%
share 13.4%
|
29,366
-34.5%
share 10.7%
|
44,819
-15.7%
share 14.2%
|
53,190
+137.3%
share 13.9%
|
22,415
share 8.6%
|
—
|
—
|
—
|
—
|
| Upstream |
5,105
-22.7%
share 2.0%
|
6,606
+2.0%
share 2.4%
|
6,475
-22.5%
share 2.0%
|
8,352
-9.0%
share 2.2%
|
9,182
+35.7%
share 3.5%
|
6,767
-28.6%
share 3.7%
|
9,482
share 2.7%
|
—
|
—
|
| Corporate Segment1 |
39
-9.3%
share 0.0%
|
43
+2.4%
share 0.0%
|
42
+2.4%
share 0.0%
|
41
-4.7%
share 0.0%
|
43
-15.7%
share 0.0%
|
51
+13.3%
share 0.0%
|
45
share 0.0%
|
—
|
—
|
| Sales mix | |||||||||
| Oil Products |
114,660
-11.5%
share 44.6%
|
129,554
-10.6%
share 47.2%
|
144,985
share 45.8%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Crude Oil |
35,711
-12.1%
share 13.9%
|
40,625
+2.6%
share 14.8%
|
39,609
share 12.5%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Liquefied Natural Gas LNG |
33,467
+8.2%
share 13.0%
|
30,923
-6.2%
share 11.3%
|
32,976
share 10.4%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Natural Gas Per Thousand Cubic Feet |
22,825
+18.2%
share 8.9%
|
19,309
-31.1%
share 7.0%
|
28,010
share 8.8%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other Contracts |
19,963
-10.6%
share 7.8%
|
22,330
-5.8%
share 8.1%
|
23,703
share 7.5%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Power |
12,260
+6.0%
share 4.8%
|
11,566
-2.2%
share 4.2%
|
11,822
share 3.7%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Lubricants |
11,544
+0.3%
share 4.5%
|
11,511
-0.3%
share 4.2%
|
11,548
share 3.6%
|
—
|
—
|
—
|
—
|
—
|
—
|
| Chemical Products |
6,922
-18.8%
share 2.7%
|
8,529
+2.0%
share 3.1%
|
8,360
share 2.6%
|
—
|
—
|
—
|
—
|
—
|
—
|
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. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.
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.