ValueScreener
Named tests met2 of 30
97.86 USD Market data. Sources for Share priceClose of Nov 11, 2026

Market data as of Nov 11, 2026. Ratios computed Nov 11, 2026.

ValueScreener company report

NYSE / Energy / Oil & Gas Integrated

Reading

The evidence behind it

Overview

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

10.2% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

15.94x Computed

FY2025 accounts, priced at 21:00 UTC

Read valuation

Cash generation

Free cash flow yield

n/a Computed

FY2025 accounts, priced at 21:00 UTC

Why n/a

We do not hold this figure for this company, so there is nothing to show.

Read cash generation

Strength

Debt to equity

0.60 Computed

From the FY2025 filing

Read strength

Revenue and net income, as filed

FY2016 Revenue: 233.59B USDFY2016 Net income: 4.58B USDFY2017 Revenue: 305.18B USDFY2017 Net income: 12.98B USDFY2018 Revenue: 388.38B USDFY2018 Net income: 23.35B USDFY2019 Revenue: 344.88B USDFY2019 Net income: 15.84B USDFY2020 Revenue: 180.54B USDFY2020 Net income: -21.68B USDFY2021 Revenue: 261.50B USDFY2021 Net income: 20.10B USDFY2022 Revenue: 381.31B USDFY2022 Net income: 42.31B USDFY2023 Revenue: 316.62B USDFY2023 Net income: 19.36B USDFY2024 Revenue: 284.31B USDFY2024 Net income: 16.09B USDFY2025 Revenue: 266.89B USDFY2025 Net income: 17.84B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Market capitalisation
284.30B USD Market data. Sources for Market capitalisation21:00 UTC
Filed accounts
FY2025, filed Mar 12, 2026
Filed years
10, FY2016 to FY2025
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 15.94x at the close of 2026-11-11 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Energy sector (162 companies), 15.94x sits at the 46th percentile; the middle half of that group runs from 11.79x to 27.59x.

Is it good

Return on equity was 10.2% in FY2025, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Energy sector (234 companies), 10.2% sits at the 60th percentile; the middle half of that group runs from -3.6% to 14.9%.

Is it safe

Debt to equity was 0.60 in FY2025, in the band labelled "Within Graham's industrial limit" (0.50 to 1.00), on lines anchored on Graham's defensive-investor criteria.

Today, against the Energy sector (158 companies), 0.60 sits at the 48th percentile; the middle half of that group runs from 0.29 to 1.21.

Year by year against peers
Whether Shell plc's return on equity stayed above the median of the Energy sector, year by year. (FY2023 to FY2025, 3 fiscal years of Shell plc with a comparable figure)
The direction
Which way Shell plc's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Shell plc)
In one paragraph
One paragraph on Shell plc's returns, cash, balance sheet and price. (5 of sixteen figures read for Shell plc)

These are SHEL’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research SHELPart of Serious. New accounts start with 30 days of Professional, free, no card.

What changed

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 20-F, filed Mar 12, 2026, accession 0001628280-26-017024.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

What this cannot tell you

  • 18 figures could not be read on this company, among them Positive Earnings Streak, EV/EBIT, Return on Invested Capital. Each blank in the table above names the rest, with its reason. 9 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Then we check your line against newly filed data and write to you the night our data shows it broke. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published. It is Professional, the plan a new account starts on for 30 days, one trial per person.

Monitor my portfolioHow this is computed

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, and what it can mean for a thesis.

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