Shell Overview
Shell is an integrated energy company headquartered in London. FY2025 revenue was $266.886 billion, income attributable to shareholders was $17.837 billion, and the company had 85,000 employees.
How Shell Makes Money
Shell makes money by exploring for and producing oil and natural gas, liquefying and trading LNG, refining and marketing fuels, selling lubricants and chemicals, and operating customer-facing energy businesses. Results are driven by commodity prices, LNG volumes, trading margins, refining margins, operating reliability, and capital discipline.
Shell Financials
Shell reported FY2025 revenue of $266.886 billion, compared with $284.312 billion in FY2024 and $316.620 billion in FY2023. Income attributable to Shell plc shareholders was $17.837 billion in FY2025, up from $16.094 billion in FY2024.
Competitive Position
Shell competes with ExxonMobil, Chevron, BP, TotalEnergies, Saudi Aramco, and other integrated energy companies. Its strongest differentiation is the combination of LNG scale, trading capabilities, and a broad global customer-facing network.
