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Shell (SHEL) Revenue & Revenue Breakdown

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Shell Revenue Highlights

Latest Revenue (Y)

$301.01B

Latest Revenue (Q)

$70.83B

Main Segment (Y)

Oil Products

Main Geography (Y)

Asia Oceania And Africa

Shell Revenue by Period

Shell Revenue by Year

DateRevenueChange
2023-12-31$301.01B-21.06%
2022-12-31$381.31B45.82%
2021-12-31$261.50B44.84%
2020-12-31$180.54B-47.65%
2019-12-31$344.88B-11.20%
2018-12-31$388.38B27.26%
2017-12-31$305.18B30.65%
2016-12-31$233.59B-11.84%
2015-12-31$264.96B-37.08%
2014-12-31$421.11B-6.68%
2013-12-31$451.24B-3.41%
2012-12-31$467.15B-0.64%
2011-12-31$470.17B24.33%
2010-12-31$378.15B32.62%
2009-12-31$285.13B-37.79%
2008-12-31$458.36B28.83%
2007-12-31$355.78B11.58%
2006-12-31$318.85B3.95%
2005-12-31$306.73B-9.45%
2004-12-31$338.76B67.93%
2003-12-31$201.73B100.00%
2002-12-31--100.00%
2001-12-31$135.21B-9.34%
2000-12-31$149.15B41.55%
1999-12-31$105.37B12.46%
1998-12-31$93.69B-

Shell generated $301.01B in revenue during NA 2023, up -21.06% compared to the previous quarter, and up 77.50% compared to the same period a year ago.

Shell Revenue by Quarter

DateRevenueChange
2024-03-31$70.83B-6.44%
2023-12-31$75.71B-0.84%
2023-09-30$76.35B2.38%
2023-06-30$74.58B-14.24%
2023-03-31$86.96B-14.16%
2022-12-31$101.30B5.80%
2022-09-30$95.75B-4.31%
2022-06-30$100.06B18.83%
2022-03-31$84.20B-1.26%
2021-12-31$85.28B42.03%
2021-09-30$60.04B-0.78%
2021-06-30$60.52B8.71%
2021-03-31$55.66B26.54%
2020-12-31$43.99B-0.07%
2020-09-30$44.02B35.43%
2020-06-30$32.50B-45.85%
2020-03-31$60.03B-28.54%
2019-12-31$84.01B-2.99%
2019-09-30$86.59B-4.36%
2019-06-30$90.54B8.13%
2019-03-31$83.73B-18.09%
2018-12-31$102.23B2.07%
2018-09-30$100.15B3.50%
2018-06-30$96.77B8.44%
2018-03-31$89.23B4.46%
2017-12-31$85.42B12.65%
2017-09-30$75.83B5.13%
2017-06-30$72.13B0.47%
2017-03-31$71.80B10.85%
2016-12-31$64.77B4.71%
2016-09-30$61.85B5.89%
2016-06-30$58.41B20.31%
2016-03-31$48.55B-16.50%
2015-12-31$58.15B-15.37%
2015-09-30$68.71B-5.10%
2015-06-30$72.40B10.19%
2015-03-31$65.71B-28.87%
2014-12-31$92.37B-14.35%
2014-09-30$107.85B-3.03%
2014-06-30$111.22B1.43%
2014-03-31$109.66B0.38%
2013-12-31$109.24B-6.24%
2013-09-30$116.51B3.41%
2013-06-30$112.67B-0.12%
2013-03-31$112.81B-4.44%
2012-12-31$118.05B5.29%
2012-09-30$112.12B-4.23%
2012-06-30$117.07B-2.38%
2012-03-31$119.92B3.76%
2011-12-31$115.58B-6.35%
2011-09-30$123.41B-0.92%
2011-06-30$124.56B10.96%
2011-03-31$112.26B5.08%
2010-12-31$106.84B16.47%
2010-09-30$91.73B-0.14%
2010-06-30$91.86B4.36%
2010-03-31$88.03B2.29%
2009-12-31$86.05B13.59%
2009-09-30$75.75B18.59%
2009-06-30$63.88B9.72%
2009-03-31$58.22B-28.19%
2008-12-31$81.07B-38.38%
2008-09-30$131.57B0.11%
2008-06-30$131.42B14.98%
2008-03-31$114.30B7.12%
2007-12-31$106.70B-

Shell generated $70.83B in revenue during Q1 2024, up -6.44% compared to the previous quarter, and up 69.92% compared to the same period a year ago.

Shell Revenue Breakdown

Shell Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24
Chemical Products$8.53B
Power$11.57B
Oil Products$129.55B
Lubricants$11.51B
Crude Oil$40.63B

Shell's latest annual revenue breakdown by segment (product or service), as of Dec 24: Oil Products (64.20%), Crude Oil (20.13%), Power (5.73%), Lubricants (5.70%), and Chemical Products (4.23%).

Shell Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Dec 20
UNITED STATES$65.09B$70.29B$87.08B$73.65B$50.86B
Asia Oceania And Africa$98.34B$99.97B$126.64B$87.07B$65.14B
Europe$92.48B$118.14B$135.97B$78.55B$50.14B
Other Americas$28.40B$28.23B$31.61B$22.24B$14.41B

Shell's latest annual revenue breakdown by geography, as of Dec 24: Asia Oceania And Africa (34.59%), Europe (32.53%), UNITED STATES (22.89%), and Other Americas (9.99%).

Shell Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ECEcopetrol$143.08T$31.30T
XOMExxon Mobil$345.60B$90.76B
SHELShell$301.01B$70.83B
TTETotalEnergies SE$218.94B$51.88B
BPBP p.l.c.$210.13B$48.88B
CVXChevron$202.79B$54.17B
EQNREquinor ASA$106.85B$25.09B
PBRPetróleo Brasileiro S.A. - Petrobras$102.50B$23.77B
EEni S.p.A.$93.72B$22.94B
SUSuncor Energy$49.09B$13.30B

SHEL Revenue FAQ

What is Shell’s yearly revenue?

Shell's yearly revenue for 2023 was $301.01B, representing a decrease of -21.06% compared to 2022. The company's yearly revenue for 2022 was $381.31B, representing an increase of 45.82% compared to 2021. SHEL's yearly revenue for 2021 was $261.5B, representing an increase of 44.84% compared to 2020.

What is Shell’s quarterly revenue?

Shell's quarterly revenue for Q1 2024 was $70.84B, a -6.44% decrease from the previous quarter (Q4 2023), and a -18.54% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $75.71B, a -0.84% decrease from the previous quarter (Q3 2023), and a -25.26% decrease year-over-year (Q4 2022). SHEL's quarterly revenue for Q3 2023 was $76.35B, a 2.38% increase from the previous quarter (Q2 2023), and a -20.26% decrease year-over-year (Q3 2022).

What is Shell’s revenue growth rate?

Shell's revenue growth rate for the last 3 years (2021-2023) was 15.11%, and for the last 5 years (2019-2023) was -12.72%.

What are Shell’s revenue streams?

Shell's revenue streams in c 24 are Chemical Products, Power, Oil Products, Lubricants, and Crude Oil. Chemical Products generated $8.53B in revenue, accounting 4.23% of the company's total revenue Power generated $11.57B in revenue, accounting 5.73% of the company's total revenue Oil Products generated $129.55B in revenue, accounting 64.20% of the company's total revenue Lubricants generated $11.51B in revenue, accounting 5.70% of the company's total revenue Crude Oil generated $40.62B in revenue, accounting 20.13% of the company's total revenue

What is Shell’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Shell was Oil Products. This segment made a revenue of $129.55B, representing 64.20% of the company's total revenue.