SHEL — Shell plc
Energy · Oil & Gas Integrated
About Shell plc
Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, United Kingdom.
The oil & gas majors
The integrated majors do everything: they find and pump oil and gas, refine it, ship it, trade it, and sell it at the pump. That integration is the point — when crude prices fall, refining and trading often cushion the blow, which is why these are the steadiest names in the energy universe. At healthy oil prices they generate enormous cash, and most of it now goes to dividends and buybacks rather than growth drilling — a discipline investors forced on the industry after a decade of overspending. They trade at low multiples compared with the rest of the market, and they move with crude prices and capital-return announcements, not with stories. Shell is Europe's largest energy company and the world's biggest LNG trader, London-listed with a heavily traded US ADR.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | SHEL |
| Company | Shell plc |
| Price | $91.98 |
| Market cap | $254.5B |
| Sector / industry | Energy / Oil & Gas Integrated |
| Analyst mean target | $96 (15 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-3%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($8.76). Run your own assumptions in the fair-value calculator.
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