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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
103K+
LTM Revenue $228B
LTM EBITDA $51.0B
$237B
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 of $228B and a last 12-month EBITDA of $51.0B.
In the most recent fiscal year, Shell achieved revenue of $398B and an EBITDA of $86.2B.
Shell expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Shell valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $329B | $480B | $398B | $228B | XXX |
| Gross Profit | $45.1B | $99.1B | $59.4B | XXX | XXX |
| Gross Margin | 14% | 21% | 15% | XXX | XXX |
| EBITDA | $75.9B | $110B | $86.2B | $51.0B | XXX |
| EBITDA Margin | 23% | 23% | 22% | 22% | XXX |
| Net Profit | $25.3B | $53.2B | $24.4B | XXX | XXX |
| Net Margin | 8% | 11% | 6% | XXX | XXX |
| Net Debt | $31.1B | $20.2B | $18.9B | XXX | XXX |
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As of February 21, 2025, Shell's stock price is GBP 26 (or $33).
Shell has current market cap of GBP 159B (or $200B), and EV of GBP 189B (or $237B).
See Shell trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $237B | $200B | XXX | XXX | XXX | XXX | $3.78 |
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Sign UpAs of February 21, 2025, Shell has market cap of $200B and EV of $237B.
Shell's trades at 0.8x LTM EV/Revenue multiple, and 3.7x LTM EBITDA.
Analysts estimate Shell's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Shell and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $237B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 2.8x | XXX | XXX | XXX |
| P/E | 8.2x | XXX | XXX | XXX |
| P/E/Growth | -1.6x | XXX | XXX | XXX |
| EV/FCF | 6.0x | XXX | XXX | XXX |
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Sign UpShell's NTM/LTM revenue growth is 0%
Shell's revenue per employee for the last fiscal year averaged $3.9M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Shell's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Shell's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Shell and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -17% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -21% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 22% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $3.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 5% | XXX | 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 |
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Sign Up| 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 103K+ 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 $200B |
| What is the current revenue of Shell? | Shell's last 12-month revenue is $228B. |
| What is the current EBITDA of Shell? | Shell's last 12-month EBITDA is $51.0B. |
| What is the current EV/Revenue multiple of Shell? | Current revenue multiple of Shell is 0.8x. |
| What is the current EV/EBITDA multiple of Shell? | Current EBITDA multiple of Shell is 3.7x. |
| What is the current revenue growth of Shell? | Shell revenue growth between 2023 and 2024 was -17%. |
| Is Shell profitable? | Yes, Shell is EBITDA-positive (as of the last 12 months). |
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