PerpEquities

Equity · Energy

Shell plc (SHEL) perpetual futures

Shell plc is a global energy and petrochemical company headquartered in London, operating across exploration, production, refining, marketing, and renewables.

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Trading data

Perpetual market activity

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Venues
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24h volume
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Open interest
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Best liquidity
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Tightest spread
-
Highest volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D+0.67%
5D+2.44%
1M+3.46%
6M+12.39%
YTD+26.50%
1Y+28.54%

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BingXTradeSHEL-USDTWatchlist------USDT-
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Company data

Company fundamentals

Updated 4h ago
Market cap
$259.2B
Updated 4h ago
Revenue
$296.6B
Trailing 12 months
Revenue growth
+24%
Next fiscal year
Profit margin
+8.8%
P/E
10.2
Peer P/E 18.8
Free cash flow
$31.5B
Trailing 12 months
More metrics
Net income
$26B
Trailing 12 months
P/S
0.9
Peer P/E
18.8
Similar listed perps
Revenue estimate
$329.7B
Next fiscal year
Earnings
2026-10-29
Revenue est. $85B · Updated 4h ago
Dividend
$0.781
2026-08-14

Fundamental detail

Annual + quarterly
Latest revenue$266.9B
Net margin+6.7%
Free cash flow$23.9B
Net debt$74.4B
2020$180.5B
2021$261.5B
2022$381.3B
2023$316.6B
2024$284.3B
2025$266.9B
PeriodRevenueGrowthNet incomeFCF
2020$180.5B-48%-$21.7B$17.5B
2021$261.5B+45%$20.1B$26.1B
2022$381.3B+46%$42.3B$45.8B
2023$316.6B-17%$19.4B$31.2B
2024$284.3B-10%$16.1B$35.1B
2025$266.9B-6%$17.8B$23.9B
PeriodGross marginOperating marginNet marginROEROA
2020-7.2%-14.1%-12.0%-14.0%-5.7%
2021+13.7%+8.5%+7.7%+11.7%+5.0%
2022+20.7%+16.6%+11.1%+22.2%+9.6%
2023+14.9%+9.7%+6.1%+10.4%+4.8%
2024+16.2%+10.5%+5.7%+9.0%+4.2%
2025+15.9%+10.3%+6.7%+10.2%+4.8%
PeriodCashDebtNet debtCurrent ratio
2020$31.8B$108B$76.2B1.25
2021$37B$89.1B$52.1B1.35
2022$40.2B$83.8B$43.5B1.37
2023$38.8B$81.6B$42.9B1.40
2024$39.1B$77.1B$38B1.35
2025$30.2B$104.6B$74.4B1.30
PeriodMarket capEnterprise valueP/SP/E
2020$137B$213.2B0.8-6.3
2021$168.4B$220.5B0.68.4
2022$209.2B$252.8B0.54.9
2023$217.6B$260.4B0.711.4
2024$197.3B$235.4B0.712.3
2025$216.4B$290.8B0.812.1
Q3 2024$71.1B
Q4 2024$66.3B
Q1 2025$69.2B
Q2 2025$65.4B
Q3 2025$68.2B
Q4 2025$64.1B
Q1 2026$69.7B
Q2 2026$94.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$71.1B-7%$4.3B$10B
Q4 2024$66.3B-16%$928M$6.7B
Q1 2025$69.2B-4%$4.8B$5.5B
Q2 2025$65.4B-12%$3.6B$6.5B
Q3 2025$68.2B-4%$5.3B$7.7B
Q4 2025$64.1B-3%$4.1B$4.2B
Q1 2026$69.7B+1%$5.7B$2.3B
Q2 2026$94.7B+45%$10.8B$17.4B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+15.7%+10.4%+6.0%+2.3%+1.1%
Q4 2024+10.3%+3.6%+1.4%+0.5%+0.2%
Q1 2025+18.4%+13.7%+6.9%+2.7%+1.2%
Q2 2025+14.9%+9.2%+5.5%+2.0%+0.9%
Q3 2025+17.0%+11.3%+7.8%+3.0%+1.4%
Q4 2025+11.4%+4.9%+6.5%+2.4%+1.1%
Q1 2026+19.3%+14.9%+8.2%+3.3%+1.5%
Q2 2026+19.5%+16.0%+11.4%+6.0%+2.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$42.3B$76.6B$34.4B1.40
Q4 2024$39.1B$77.1B$38B1.35
Q1 2025$35.6B$76.5B$40.9B1.32
Q2 2025$32.7B$75.7B$43B1.32
Q3 2025$33.1B$74B$40.9B1.35
Q4 2025$30.2B$104.6B$74.4B1.30
Q1 2026$23.1B$75.6B$52.5B1.27
Q2 2026$31.4B$73.1B$41.7B1.43
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$208.1B$242.4B2.911.9
Q4 2024$192.6B$230.6B2.952.2
Q1 2025$230.8B$271.7B3.312.1
Q2 2025$209.4B$252.4B3.214.4
Q3 2025$209.1B$250B3.19.8
Q4 2025$210.9B$285.2B3.312.8
Q1 2026$262.9B$315.4B3.811.6
Q2 2026$216.7B$258.4B2.35.0
Historical value series
Revenue
Q3 2023: $76.4BQ4 2023: $78.7BQ1 2024: $72.5BQ2 2024: $74.5BQ3 2024: $71.1BQ4 2024: $66.3BQ1 2025: $69.2BQ2 2025: $65.4BQ3 2025: $68.2BQ4 2025: $64.1BQ1 2026: $69.7BQ2 2026: $94.7BQ3 2023Q2 2026
Net income
Q3 2023: $7BQ4 2023: $472MQ1 2024: $7.4BQ2 2024: $3.5BQ3 2024: $4.3BQ4 2024: $928MQ1 2025: $4.8BQ2 2025: $3.6BQ3 2025: $5.3BQ4 2025: $4.1BQ1 2026: $5.7BQ2 2026: $10.8BQ3 2023Q2 2026
EBITDA
Q3 2023: $18.1BQ4 2023: $16.9BQ1 2024: $18.1BQ2 2024: $14.3BQ3 2024: $14BQ4 2024: $11.3BQ1 2025: $15.5BQ2 2025: $12.5BQ3 2025: $15BQ4 2025: $13.9BQ1 2026: $16.5BQ2 2026: $22.4BQ3 2023Q2 2026
Free cash flow
Q3 2023: $7.1BQ4 2023: $5.6BQ1 2024: $9.4BQ2 2024: $9.1BQ3 2024: $10BQ4 2024: $6.7BQ1 2025: $5.5BQ2 2025: $6.5BQ3 2025: $7.7BQ4 2025: $4.2BQ1 2026: $2.3BQ2 2026: $17.4BQ3 2023Q2 2026
EPS
Q3 2023: $2.1Q4 2023: $0.14Q1 2024: $2.26Q2 2024: $1.1Q3 2024: $1.36Q4 2024: $0.3Q1 2025: $1.5Q2 2025: $1.2Q3 2025: $1.8Q4 2025: $1.42Q1 2026: $2Q2 2026: $3.84Q3 2023Q2 2026
Cash / Debt
Q3 2023 · Cash: $43BQ3 2023 · Debt: $82.1BQ4 2023 · Cash: $38.8BQ4 2023 · Debt: $81.6BQ1 2024 · Cash: $39.9BQ1 2024 · Debt: $79.9BQ2 2024 · Cash: $38.1BQ2 2024 · Debt: $75.5BQ3 2024 · Cash: $42.3BQ3 2024 · Debt: $76.6BQ4 2024 · Cash: $39.1BQ4 2024 · Debt: $77.1BQ1 2025 · Cash: $35.6BQ1 2025 · Debt: $76.5BQ2 2025 · Cash: $32.7BQ2 2025 · Debt: $75.7BQ3 2025 · Cash: $33.1BQ3 2025 · Debt: $74BQ4 2025 · Cash: $30.2BQ4 2025 · Debt: $104.6BQ1 2026 · Cash: $23.1BQ1 2026 · Debt: $75.6BQ2 2026 · Cash: $31.4BQ2 2026 · Debt: $73.1BQ3 2023Q2 2026
CashDebt
Profitability
Q3 2023 · Gross margin: +19.8%Q4 2023 · Gross margin: +14.2%Q1 2024 · Gross margin: +19.5%Q2 2024 · Gross margin: +16.0%Q3 2024 · Gross margin: +15.7%Q4 2024 · Gross margin: +10.3%Q1 2025 · Gross margin: +18.4%Q2 2025 · Gross margin: +14.9%Q3 2025 · Gross margin: +17.0%Q4 2025 · Gross margin: +11.4%Q1 2026 · Gross margin: +19.3%Q2 2026 · Gross margin: +19.5%Q3 2023 · Operating margin: +14.3%Q4 2023 · Operating margin: +8.4%Q1 2024 · Operating margin: +14.1%Q2 2024 · Operating margin: +10.8%Q3 2024 · Operating margin: +10.4%Q4 2024 · Operating margin: +3.6%Q1 2025 · Operating margin: +13.7%Q2 2025 · Operating margin: +9.2%Q3 2025 · Operating margin: +11.3%Q4 2025 · Operating margin: +4.9%Q1 2026 · Operating margin: +14.9%Q2 2026 · Operating margin: +16.0%Q3 2023 · Net margin: +9.2%Q4 2023 · Net margin: +0.6%Q1 2024 · Net margin: +10.2%Q2 2024 · Net margin: +4.7%Q3 2024 · Net margin: +6.0%Q4 2024 · Net margin: +1.4%Q1 2025 · Net margin: +6.9%Q2 2025 · Net margin: +5.5%Q3 2025 · Net margin: +7.8%Q4 2025 · Net margin: +6.5%Q1 2026 · Net margin: +8.2%Q2 2026 · Net margin: +11.4%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth
Q2 2024: -0.2%Q3 2024: -6.9%Q4 2024: -15.8%Q1 2025: -4.5%Q2 2025: -12.2%Q3 2025: -4.1%Q4 2025: -3.3%Q1 2026: +0.7%Q2 2026: +44.7%Q3 2023Q2 2026
Shares outstanding
Q3 2023: 3.4BQ4 2023: 3.3BQ1 2024: 3.3BQ2 2024: 3.2BQ3 2024: 3.2BQ4 2024: 3.1BQ1 2025: 3.2BQ2 2025: 3BQ3 2025: 3BQ4 2025: 2.9BQ1 2026: 2.9BQ2 2026: 2.8BQ3 2023Q2 2026
Valuation
Q3 2023 · P/E: 7.6Q4 2023 · P/E: 114.2Q1 2024 · P/E: 7.4Q2 2024 · P/E: 16.6Q3 2024 · P/E: 11.9Q4 2024 · P/E: 52.2Q1 2025 · P/E: 12.1Q2 2025 · P/E: 14.4Q3 2025 · P/E: 9.8Q4 2025 · P/E: 12.8Q1 2026 · P/E: 11.6Q2 2026 · P/E: 5.0Q3 2023 · P/S: 2.8Q4 2023 · P/S: 2.7Q1 2024 · P/S: 3.0Q2 2024 · P/S: 3.1Q3 2024 · P/S: 2.9Q4 2024 · P/S: 2.9Q1 2025 · P/S: 3.3Q2 2025 · P/S: 3.2Q3 2025 · P/S: 3.1Q4 2025 · P/S: 3.3Q1 2026 · P/S: 3.8Q2 2026 · P/S: 2.3Q3 2023Q2 2026
P/EP/S
Revenue
2018: $388.4B2019: $344.9B2020: $180.5B2021: $261.5B2022: $381.3B2023: $316.6B2024: $284.3B2025: $266.9B20182025
Net income
2018: $23.4B2019: $15.8B2020: -$21.7B2021: $20.1B2022: $42.3B2023: $19.4B2024: $16.1B2025: $17.8B20182025
EBITDA
2018: $60.9B2019: $55.2B2020: $2.2B2021: $56.5B2022: $92.6B2023: $60.4B2024: $57.5B2025: $56.7B20182025
Free cash flow
2018: $30.1B2019: $19.2B2020: $17.5B2021: $26.1B2022: $45.8B2023: $31.2B2024: $35.1B2025: $23.9B20182025
EPS
2018: $5.62019: $3.92020: -$5.562021: $5.142022: $11.42023: $5.72024: $5.062025: $620182025
Cash / Debt
2018 · Cash: $26.7B2018 · Debt: $76.8B2019 · Cash: $18.1B2019 · Debt: $96.4B2020 · Cash: $31.8B2020 · Debt: $108B2021 · Cash: $37B2021 · Debt: $89.1B2022 · Cash: $40.2B2022 · Debt: $83.8B2023 · Cash: $38.8B2023 · Debt: $81.6B2024 · Cash: $39.1B2024 · Debt: $77.1B2025 · Cash: $30.2B2025 · Debt: $104.6B20182025
CashDebt
Profitability
2018 · Gross margin: +11.6%2019 · Gross margin: +10.7%2020 · Gross margin: -7.2%2021 · Gross margin: +13.7%2022 · Gross margin: +20.7%2023 · Gross margin: +14.9%2024 · Gross margin: +16.2%2025 · Gross margin: +15.9%2018 · Operating margin: +8.0%2019 · Operating margin: +6.7%2020 · Operating margin: -14.1%2021 · Operating margin: +8.5%2022 · Operating margin: +16.6%2023 · Operating margin: +9.7%2024 · Operating margin: +10.5%2025 · Operating margin: +10.3%2018 · Net margin: +6.0%2019 · Net margin: +4.6%2020 · Net margin: -12.0%2021 · Net margin: +7.7%2022 · Net margin: +11.1%2023 · Net margin: +6.1%2024 · Net margin: +5.7%2025 · Net margin: +6.7%20182025
Gross marginOperating marginNet margin
Revenue growth
2019: -11.2%2020: -47.7%2021: +44.8%2022: +45.8%2023: -17.0%2024: -10.2%2025: -6.1%20182025
Shares outstanding
2018: 4.2B2019: 4.1B2020: 3.9B2021: 3.9B2022: 3.7B2023: 3.4B2024: 3.2B2025: 3B20182025
Valuation
2018 · P/E: 10.32019 · P/E: 15.02020 · P/E: -6.32021 · P/E: 8.42022 · P/E: 4.92023 · P/E: 11.42024 · P/E: 12.32025 · P/E: 12.12018 · P/S: 0.62019 · P/S: 0.72020 · P/S: 0.82021 · P/S: 0.62022 · P/S: 0.52023 · P/S: 0.72024 · P/S: 0.72025 · P/S: 0.820182025
P/EP/S

Refreshed 4h ago

Next catalyst

Catalysts

Earnings
2026-10-29
Revenue est. $85B · Updated 4h ago
Dividend
$0.781
2026-08-14

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202611.11$329.7B+24%7
FY 20279.13$303.4B+14%8
FY 20289.24$303.7B+14%4
FY 20299.78$308.2B+15%1
FY 203010.40$308.5B+16%1
Q1 20292.03$103B+48%3

Company events

6
2026-10-29EarningsActual - / Estimate 2.94-
2026-08-14Dividend$0.781-
2026-07-30EarningsActual 3.52 / Estimate 3.23Beat
2026-05-22Dividend$0.781-
2026-05-07EarningsActual 2.44 / Estimate 2.14Beat
2026-02-20Dividend$0.744-

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 5, 2026, 01:39 AM UTC

Company profile

Sector
Energy
Industry
Oil & Gas Integrated
Chief executive
Wael Sawan
Employees
84,000
IPO date
Oct 31, 1994
Country
GB
Exchange
New York Stock Exchange
Website
Altman Z-scorei2.65
Piotroski scorei9/9
FMP ratingiA
Owner earningsi$37.62B$6.67 per share
ESG risk ratingiBIndustry rank: 20 out of 23

Rating factors

Return on equityi
4
Return on assetsi
4
Debt to equityi
3
Price to earningsi
3
Price to booki
3
Market cap history
2026-06-042026-09-04Latest: $261.30BHigh: $261.33BLow: $216.46B
Largest fund holders
FundWeightShares held
VUKE.S7%14.9M
VWIGX0.81%9.4M
DFIV3.17%7.7M
SPDW0.76%7.1M
XGC.TO7.9%7M
GNR4.53%5.1M
VWNAX0.42%3.5M
VWRA.S0.24%3.2M
VGELX3.53%3.1M
VEUR.S1.65%3M
FCNTX0.12%3M
VWNDX0.57%1.8M

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