Wall Street analyst estimates for Shell plc (SHEL): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
Shell plc, a distinguished energy and petrochemical corporation, is headquartered in London, United Kingdom, and was originally founded in 1907. Known as Royal Dutch Shell plc until its name change in January 2022, the company maintains a formidable global presence, conducting operations across Europe, Asia, Oceania, Africa, and both North and South America.
Consensus price target
$103.62 (-4 % vs price $107.67)
between $90.00 and $122.40 · 5 targets published in the last quarter
Closing price, Oct 29
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $352B | $329B – $394B | $12.65 | 7 |
| 2027E | $328B | $291B – $374B | $10.83 | 8 |
| 2028E | $311B | $268B – $388B | $9.53 | 5 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 8 |
| Hold | 5 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 13 |
| Avg rating (−2 sell to +2 buy) | 0.61 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-29 | $3.60 | ||
| 2026-07-30 | $3.52 | $3.23 | +9.0% |
| 2026-05-07 | $2.44 | $2.14 | +14.0% |
| 2026-02-05 | $1.14 | $1.21 | -5.8% |
| 2025-10-30 | $1.86 | $1.72 | +8.1% |
| 2025-07-31 | $1.42 | $1.13 | +25.7% |
| 2025-05-02 | $1.84 | $1.54 | +19.5% |
| 2025-01-30 | $1.20 | $1.74 | -31.0% |
Valuation Ratios
| P/E Ratio | 11.88 |
| Price / Book | 1.66 |
| EV / EBITDA | 5.03 |
| Dividend Yield | 2.79% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $233.59B | $305.18B | $388.38B | $344.88B | $180.54B | $261.50B | $381.31B | $316.62B | $284.31B | $266.89B |
| Cost of Revenue | $216.00B | $276.32B | $343.50B | $308.12B | $193.54B | $225.66B | $302.54B | $269.41B | $238.37B | $224.39B |
| Gross Profit | $17.59B | $28.86B | $44.88B | $36.76B | -$12.99B | $35.85B | $78.78B | $47.21B | $45.94B | $42.49B |
| Research & Development | $1.01B | $922.0M | $986.0M | $962.0M | $907.0M | $815.0M | $1.07B | $1.29B | $1.10B | $1.17B |
| Selling, General & Admin | $12.10B | $10.51B | $11.36B | $10.49B | $9.88B | $11.33B | $12.88B | $13.43B | $12.44B | $12.61B |
| Operating Expenses | $15.22B | $13.38B | $13.69B | $13.81B | $12.54B | $13.57B | $15.67B | $16.47B | $15.95B | $14.91B |
| Operating Income | $2.37B | $15.48B | $31.19B | $22.95B | -$25.53B | $22.28B | $63.11B | $30.74B | $29.99B | $27.58B |
| EBITDA | $34.10B | $48.28B | $60.90B | $55.15B | $2.22B | $56.51B | $92.55B | $60.36B | $57.48B | $56.66B |
| Interest Expense | $3.50B | $3.93B | $3.58B | $4.56B | $4.21B | $3.61B | $5.35B | $4.63B | $4.86B | $4.74B |
| Pre-tax Income | $5.61B | $18.13B | $35.62B | $25.48B | -$26.97B | $29.83B | $64.81B | $32.63B | $29.92B | $29.76B |
| Income Tax | $829.0M | $4.70B | $11.71B | $9.05B | -$5.43B | $9.20B | $21.94B | $12.99B | $13.40B | $11.64B |
| Net Income | $4.58B | $12.98B | $23.35B | $15.84B | -$21.68B | $20.10B | $42.31B | $19.36B | $16.09B | $17.84B |
| EPS | $1.16 | $3.16 | $5.64 | $3.94 | $-5.56 | $5.18 | $11.52 | $5.76 | $5.10 | $6.06 |
| EPS (Diluted) | $1.16 | $3.12 | $5.60 | $3.90 | $-5.56 | $5.14 | $11.42 | $5.70 | $5.06 | $6.00 |
| Shares Outstanding (Diluted) | 3,945.8 M | 4,149.5 M | 4,174.4 M | 4,056.2 M | 3,897.8 M | 3,903.4 M | 3,705.2 M | 3,399.9 M | 3,181.8 M | 2,974.3 M |
Price
| Price | $107.67 (closing price, October 29, 2026) |
| Market Cap | $306.5B |
| Exchange | NYSE |
| Country | GB |
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Explore sector: Energy · Oil & Gas Integrated
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