Shell plc
Explore Shell
Core profile pages, annual revenue records, and related research hubs for this company.
Shell plc
Explore Shell
Core profile pages, annual revenue records, and related research hubs for this company.
Business Model Analysis
Annual Revenue: $266.89B
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.
The growth strategy emphasizes performance, discipline, simplification, LNG leadership, high-return upstream projects, resilient marketing, and selective lower-carbon investments.
Shell had 85,000 employees as of December 31, 2025.
Shell makes money from upstream oil and gas, LNG, refining, fuels marketing, lubricants, chemicals, trading, and selected lower-carbon energy businesses.
Shell competes with ExxonMobil, Chevron, BP, TotalEnergies, Saudi Aramco.
The biggest risk is that commodity cycles, climate-policy pressure, or weak returns on transition investments reduce investor confidence.