Shell (SHEL) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Shell (SHEL), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

SHEL

GSPC

Shell (SHEL) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Shell (SHEL) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Shell (SHEL) metric values compared with Energy industry-group medians
Metric	Current stock: SHEL	Industry group median
1-Year Return	24.51%	49.94%

Risk

Drawdown

SHEL

GSPC

Shell (SHEL) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Shell (SHEL) metric values compared with Energy industry-group medians
Metric	Current stock: SHEL	Industry group median
1-Year Volatility	21.02%	41.13%
Beta	0.05	0.58

Company Profile

Shell (SHEL) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Shell (SHEL)
Profile Item	SHEL
Name	Shell plc
Country/Region	United Kingdom
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas
Market Capitalization	237.50 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 12, 1984
Security Type	ADR

Valuation

Price-to-Earnings Ratio (TTM)

Shell (SHEL) trades at P/E ratio of 13.34, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

SHEL

Energy industry group

13.34

Group distribution

Max: 59.12
Q3: 31.56
Median: 18.65
SHEL: 13.34
Q1: 10.91
Min: 1.74

Largest peers

CVX: 32.56
ENB: 26.78
XOM: 24.75
COP: 19.83
SHEL: 13.34
TTE: 13.06
PBR: 5.87

Where Shell (SHEL) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Shell (SHEL) trades at 0.89 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

SHEL

Energy industry group

0.89

Group distribution

Max: 5.26
Q3: 3.09
Median: 1.90
Q1: 1.06
SHEL: 0.89
Min: 0.00

Largest peers

COP: 2.40
CVX: 2.01
XOM: 1.87
ENB: 1.79
TTE: 1.06
SHEL: 0.89
PBR: 0.24

Where Shell (SHEL) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Shell (SHEL) trades at 1.40 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

SHEL

Energy industry group

1.40

Group distribution

Max: 5.53
Q3: 2.95
Median: 1.81
SHEL: 1.40
Q1: 1.21
Min: -0.02

Largest peers

ENB: 2.96
XOM: 2.37
COP: 2.21
CVX: 2.02
TTE: 1.64
PBR: 1.42
SHEL: 1.40

Where Shell (SHEL) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Shell (SHEL) metric values compared with Energy industry-group medians
Metric	Current stock: SHEL	Industry group median
Price-to-Earnings Ratio (TTM)	13.34	18.65
Price-to-Sales Ratio (TTM)	0.89	1.90
Price-to-Book Ratio (MRQ)	1.40	1.81
Free Cash Flow Yield	6.58%	3.41%

Profitability

Return on Equity (TTM)

Shell (SHEL) posts ROE of 10.70%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

SHEL

Energy industry group

10.70%

Group distribution

Max: 37.23%
Q3: 16.04%
SHEL: 10.70%
Median: 9.26%
Q1: -0.84%
Min: -20.70%

Largest peers

PBR: 25.60%
TTE: 12.51%
COP: 11.28%
SHEL: 10.70%
ENB: 10.13%
XOM: 9.87%
CVX: 6.64%

Where Shell (SHEL) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Shell (SHEL) keeps 7.01% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

SHEL

Energy industry group

7.01%

Group distribution

Max: 46.37%
Q3: 18.61%
SHEL: 7.01%
Median: 6.23%
Q1: 0.00%
Min: -27.23%

Largest peers

PBR: 21.60%
COP: 12.33%
ENB: 10.00%
TTE: 8.20%
XOM: 7.77%
SHEL: 7.01%
CVX: 5.93%

Where Shell (SHEL) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Shell (SHEL) turns 14.87% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

SHEL

Energy industry group

14.87%

Group distribution

Max: 68.02%
Q3: 28.39%
SHEL: 14.87%
Median: 11.81%
Q1: 0.00%
Min: -41.46%

Largest peers

PBR: 31.95%
COP: 22.05%
TTE: 20.35%
SHEL: 14.87%
ENB: 14.73%
CVX: 7.31%
XOM: 6.36%

Where Shell (SHEL) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Shell (SHEL) metric values compared with Energy industry-group medians
Metric	Current stock: SHEL	Industry group median
Return on Equity (TTM)	10.70%	9.26%
Return on Assets (TTM)	4.99%	4.22%
Net Profit Margin (TTM)	7.01%	6.23%
Operating Profit Margin (TTM)	14.87%	11.81%
Gross Profit Margin (TTM)	25.86%	39.48%

Financial Strength

Current Ratio (MRQ)

Shell (SHEL) has current ratio of 1.28, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

SHEL

Energy industry group

1.28

Group distribution

Max: 3.33
Q3: 2.13
Median: 1.31
SHEL: 1.28
Q1: 0.83
Min: 0.08

Largest peers

COP: 1.29
SHEL: 1.28
CVX: 1.09
TTE: 1.08
XOM: 1.04
ENB: 0.81
PBR: 0.74

Where Shell (SHEL) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

Shell (SHEL) has debt-to-equity ratio of 0.43, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

SHEL

Energy industry group

0.43

Group distribution

Max: 2.00
Q3: 0.99
Median: 0.61
SHEL: 0.43
Q1: 0.31
Min: 0.00

Largest peers

ENB: 1.60
PBR: 0.83
TTE: 0.51
SHEL: 0.43
COP: 0.36
CVX: 0.24
XOM: 0.18

Where Shell (SHEL) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

Shell (SHEL) metric values compared with Energy industry-group medians
Metric	Current stock: SHEL	Industry group median
Current Ratio (MRQ)	1.28	1.31
Debt-to-Equity Ratio (MRQ)	0.43	0.61
Net Debt / EBITDA	1.07	1.40

Dividends

Dividend Yield (TTM)

Shell (SHEL) has dividend yield of 3.65%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

SHEL

Energy industry group

3.65%

Group distribution

Max: 9.21%
Q3: 3.69%
SHEL: 3.65%
Median: 1.84%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 9.56%
ENB: 4.98%
TTE: 4.79%
CVX: 3.80%
SHEL: 3.65%
COP: 2.87%
XOM: 2.80%

Where Shell (SHEL) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Shell (SHEL) has payout ratio of 45.05%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

SHEL

Energy industry group

45.05%

Group distribution

Max: 139.86%
Q3: 61.97%
SHEL: 45.05%
Median: 31.01%
Q1: 0.00%
Min: 0.00%

Largest peers

ENB: 128.73%
CVX: 120.38%
XOM: 68.01%
TTE: 58.84%
COP: 54.92%
SHEL: 45.05%
PBR: 41.58%

Where Shell (SHEL) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Shell (SHEL) metric values compared with Energy industry-group medians
Metric	Current stock: SHEL	Industry group median
Dividend Yield (TTM)	3.65%	1.84%
Dividend Payout Ratio (TTM)	45.05%	31.01%