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Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% of which, consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.6 mmb/d located in the Americas, Asia, Africa, and Europe and sells about 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.
2002
96K+
LTM Revenue $214B
LTM EBITDA $45.5B
$255B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Shell has a last 12-month revenue (LTM) of $214B and a last 12-month EBITDA of $45.5B.
In the most recent fiscal year, Shell achieved revenue of $388B and an EBITDA of $78.5B.
Shell expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Shell valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $214B | XXX | $388B | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | $62.7B | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $45.5B | XXX | $78.5B | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| EBIT | $27.2B | XXX | $40.9B | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $16.2B | XXX | $22.0B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $14.4B | XXX | XXX | XXX |
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As of July 14, 2025, Shell's stock price is GBP 27 (or $36).
Shell has current market cap of GBP 157B (or $214B), and EV of GBP 187B (or $255B).
See Shell trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $255B | $214B | XXX | XXX | XXX | XXX | $3.59 |
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Start Free TrialAs of July 14, 2025, Shell has market cap of $214B and EV of $255B.
Shell's trades at 0.7x EV/Revenue multiple, and 3.3x EV/EBITDA.
Equity research analysts estimate Shell's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Shell has a P/E ratio of 9.7x.
See valuation multiples for Shell and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $214B | XXX | $214B | XXX | XXX | XXX |
| EV (current) | $255B | XXX | $255B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 4.1x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBIT | 6.9x | XXX | 6.2x | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 9.7x | XXX | 9.7x | XXX | XXX | XXX |
| EV/FCF | 9.1x | XXX | 5.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialShell's last 12 month revenue growth is -4%
Shell's revenue per employee in the last FY averaged $4.0M, while opex per employee averaged $0.2M for the same period.
Shell's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shell's rule of X is 11% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Shell and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | -14% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | -12% | XXX | -23% | XXX | XXX | XXX |
| Rule of 40 | 18% | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $4.0M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 6% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Shell acquired XXX companies to date.
Last acquisition by Shell was XXXXXXXX, XXXXX XXXXX XXXXXX . Shell acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Shell founded? | Shell was founded in 2002. |
| Where is Shell headquartered? | Shell is headquartered in United Kingdom of Great Britain and Northern Ireland. |
| How many employees does Shell have? | As of today, Shell has 96K+ employees. |
| Who is the CEO of Shell? | Shell's CEO is Mr. Wael Sawan. |
| Is Shell publicy listed? | Yes, Shell is a public company listed on LON. |
| What is the stock symbol of Shell? | Shell trades under SHEL ticker. |
| When did Shell go public? | Shell went public in 2005. |
| Who are competitors of Shell? | Similar companies to Shell include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Shell? | Shell's current market cap is $214B |
| What is the current revenue of Shell? | Shell's last 12 months revenue is $214B. |
| What is the current revenue growth of Shell? | Shell revenue growth (NTM/LTM) is -4%. |
| What is the current EV/Revenue multiple of Shell? | Current revenue multiple of Shell is 0.9x. |
| Is Shell profitable? | Yes, Shell is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Shell? | Shell's last 12 months EBITDA is $45.5B. |
| What is Shell's EBITDA margin? | Shell's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Shell? | Current EBITDA multiple of Shell is 4.1x. |
| What is the current FCF of Shell? | Shell's last 12 months FCF is $20.5B. |
| What is Shell's FCF margin? | Shell's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Shell? | Current FCF multiple of Shell is 9.1x. |
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