Shell PLC ADR (SHEL) revenue breakdown
By segment, Marketing is the largest at 42% of fiscal 2025 revenue; Renewables and Energy Solutions grew fastest, 23% a year over 5 years.
By product, Oil products is the largest at 45% of fiscal 2025 revenue; Crude oil grew fastest, -8% a year over 3 years.
Revenue by segment
Fiscal years, as Shell PLC ADR reports them in its 10-K filings; fiscal 2025 total $266.9B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Marketing | — | — | — | — | $55.8B | $83.5B | $149.4B | $130.6B | $120.1B | $111.9B | 42% |
| Chemicals and Products | — | — | — | — | $84.7B | $116.4B | $115.5B | $97.1B | $90.9B | $77.1B | 29% |
| Integrated Gas | $25.3B | $32.7B | $43.8B | $41.3B | $20.9B | $29.9B | $54.8B | $37.6B | $37.3B | $38.5B | 14% |
| Renewables and Energy Solutions | — | — | — | — | $12.4B | $22.4B | $53.2B | $44.8B | $29.4B | $34.4B | 13% |
| Upstream | $6.4B | $7.7B | $9.5B | $9.5B | $6.7B | $9.2B | $8.4B | $6.5B | $6.6B | $5.1B | 2% |
| Corporate | $74M | $51M | $43M | $45M | $51M | $43M | $41M | $42M | $43M | $39M | 0% |
| Oil Products | — | — | $316.4B | $280.5B | — | — | — | — | — | — | — |
| Downstream | $201.8B | $264.7B | — | — | — | — | — | — | — | — | — |
| Chemicals | — | — | $18.7B | $13.6B | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Shell PLC ADR reports them in its 10-K filings; fiscal 2025 total $257.4B.
| Products | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| Oil products | $173.8B | $145.0B | $129.6B | $114.7B | 45% |
| Crude oil | $46.5B | $39.6B | $40.6B | $35.7B | 14% |
| LNG | $45.0B | $33.0B | $30.9B | $33.5B | 13% |
| Natural gas and NGL | $42.6B | $28.0B | $19.3B | $22.8B | 9% |
| Other | $33.2B | $23.7B | $22.3B | $20.0B | 8% |
| Power | $5.8B | $11.8B | $11.6B | $12.3B | 5% |
| Lubricants | $11.2B | $11.5B | $11.5B | $11.5B | 4% |
| Chemicals products | $11.5B | $8.4B | $8.5B | $6.9B | 3% |
Revenue by region
Fiscal years, as Shell PLC ADR reports them in its 10-K filings; fiscal 2025 total $266.9B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Europe | $81.6B | $100.6B | $119.0B | $98.5B | $50.1B | $136.0B | $118.1B | $91.8B | 34% |
| Asia, Oceania, Africa | $87.6B | $114.7B | $153.7B | $139.9B | $65.1B | $126.6B | $100.0B | $90.8B | 34% |
| USA | $44.6B | $66.9B | $89.9B | $83.2B | $50.9B | $87.1B | $70.3B | $57.7B | 22% |
| Other Americas | $19.8B | $23.0B | $25.8B | $23.3B | $14.4B | $31.6B | $28.2B | $26.5B | 10% |
Questions
Where does Shell PLC ADR make its money?
In fiscal 2025, by segment: Marketing $111.9B, Chemicals and Products $77.1B, Integrated Gas $38.5B, Renewables and Energy Solutions $34.4B, Upstream $5.1B.
From Shell PLC ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.