The financials
Shell plc by the numbers
Shell plc (SHEL) reported revenue of $132.2B in H2 2025 (quarter ended December 31, 2025), up 78% from the same quarter a year earlier. That came with a gross margin of 34% and net income of $9.46B (7.2% of revenue). For the full year FY2025, revenue was $266.9B (−6.1% year on year) and net income $17.8B.
| Income statement | H2 2025 | Q2 2024 | Change |
|---|---|---|---|
| Revenue | $132.2B | $74.5B | +78% |
| Gross profit | $45.0B | $25.0B | +80% |
| Operating income | $26.2B | $16.1B | +63% |
| Net income | $9.46B | $3.52B | +169% |
| Diluted EPS | $1.61 | $0.55 | +193% |
Oil & Gas Integrated
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