olivLaw · US equity research
Shell plc SHEL
Crude Petroleum & Natural Gas · SIC 1311 · Vertical: Crude Petroleum & Natural Gas (SIC 1311)
Shell plc is a UK-incorporated integrated oil and gas company whose issued share capital at December 31, 2025 consists entirely of ordinary shares, with a governance structure adapted to London and New York listing requirements. Its 2025 annual report on Form 20-F shows a governance framework in transition, relevant to US investors.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Shell plc (SHEL) stock was 101.86 USD (−2.25% on the day), with market capitalisation 579.6 bn USD, P/E 32.5, beta 0.34, 52-week range 70.31–108.69 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 47.6
- neutral
- Bollinger (20, 2)
- 99.89 – 109.37
- in the lower half of the band · %B 0.21 · band width 9.1%
- SMA 50 / 200
- 98.74 / 88.72
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 1.90 / 2.54
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +5.5% | −1.1% | +6.6 pp | — |
| 3 months | +16.1% | −0.5% | +16.5 pp | — |
| 6 months | +16.8% | +4.4% | +12.4 pp | — |
| Year to date | +38.6% | +12.3% | +26.3 pp | — |
| 1 year | +38.1% | +13.5% | +24.6 pp | +19.9% |
| 3 years | +54.0% | +76.4% | −22.4 pp | +8.7% |
| 5 years | +122.6% | +63.7% | +58.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 388.4 bn | 344.9 bn | 180.5 bn | 261.5 bn | 381.3 bn | 316.6 bn | 284.3 bn | 266.9 bn |
| Revenue YoY | +27.3% | −11.2% | −47.7% | +44.8% | +45.8% | −17.0% | −10.2% | −6.1% |
| Net income | 23.4 bn | 15.8 bn | -21.7 bn | 20.1 bn | 42.3 bn | 19.4 bn | 16.1 bn | 17.8 bn |
| Net income YoY | +79.9% | −32.2% | −236.9% | unavailable | +110.5% | −54.2% | −16.9% | +10.8% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 6.0% | 4.6% | -12.0% | 7.7% | 11.1% | 6.1% | 5.7% | 6.7% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 30.2 bn USD
- Financial debt
- 67.0 bn USD
- Net debt
- 36.8 bn USD
- Equity
- 175.3 bn USD
- Total assets
- 370.4 bn USD
- Debt / equity
- 0.38x
- Current ratio
- 1.30x
- ROE
- 10.0%
- ROA
- 4.7%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 180.5 bn | 261.5 bn | 381.3 bn | 316.6 bn | 284.3 bn | 266.9 bn | SEC (XBRL)· 12 Mar 2026verified |
| Research & development | 907.0 m | 815.0 m | 1.1 bn | 1.3 bn | 1.1 bn | 1.2 bn | SEC (XBRL)· 12 Mar 2026verified |
| Pre-tax income | -27.0 bn | 29.8 bn | 64.8 bn | 32.6 bn | 29.9 bn | 29.8 bn | SEC (XBRL)· 12 Mar 2026verified |
| Income tax | -5.4 bn | 9.2 bn | 21.9 bn | 13.0 bn | 13.4 bn | 11.6 bn | SEC (XBRL)· 12 Mar 2026verified |
| Net income | -21.7 bn | 20.1 bn | 42.3 bn | 19.4 bn | 16.1 bn | 17.8 bn | SEC (XBRL)· 12 Mar 2026verified |
| Weighted average diluted shares | 7.8 bn | 7.8 bn | 7.4 bn | 6.8 bn | 6.4 bn | 5.9 bn | SEC (XBRL)· 12 Mar 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 31.8 bn | 37.0 bn | 40.2 bn | 38.8 bn | 39.1 bn | 30.2 bn | SEC (XBRL)· 12 Mar 2026verified |
| Receivables | 33.6 bn | 53.2 bn | 66.5 bn | 53.3 bn | 45.9 bn | 44.6 bn | SEC (XBRL)· 12 Mar 2026verified |
| Inventories | 19.5 bn | 25.3 bn | 31.9 bn | 26.0 bn | 23.4 bn | 22.2 bn | SEC (XBRL)· 12 Mar 2026verified |
| Current assets | 92.0 bn | 128.8 bn | 165.9 bn | 134.1 bn | 127.9 bn | 107.2 bn | SEC (XBRL)· 12 Mar 2026verified |
| Property, plant & equipment, net | 209.7 bn | 194.9 bn | 198.6 bn | — | — | — | SEC (XBRL)· 09 Mar 2023verified |
| Goodwill | — | 14.9 bn | 16.0 bn | 16.7 bn | 16.0 bn | 15.7 bn | SEC (XBRL)· 12 Mar 2026verified |
| Intangibles (excl. goodwill) | — | 9.8 bn | 9.7 bn | 10.3 bn | 9.5 bn | 11.0 bn | SEC (XBRL)· 12 Mar 2026verified |
| Total assets | 379.3 bn | 404.4 bn | 443.0 bn | 406.3 bn | 387.6 bn | 370.4 bn | SEC (XBRL)· 12 Mar 2026verified |
| Accounts payable | 44.6 bn | 63.2 bn | 79.4 bn | 68.2 bn | 60.7 bn | 57.8 bn | SEC (XBRL)· 12 Mar 2026verified |
| Short-term debt | 7.5 bn | 515.0 m | 1.0 bn | 845.0 m | 642.0 m | 506.0 m | SEC (XBRL)· 12 Mar 2026verified |
| Long-term debt | 91.1 bn | 80.9 bn | 74.8 bn | 71.6 bn | 65.4 bn | 66.5 bn | SEC (XBRL)· 12 Mar 2026verified |
| Current liabilities | 73.7 bn | 95.5 bn | 121.3 bn | 95.5 bn | 95.0 bn | 82.4 bn | SEC (XBRL)· 12 Mar 2026verified |
| Total liabilities | 220.7 bn | 229.1 bn | 250.4 bn | 217.9 bn | 207.4 bn | 195.0 bn | SEC (XBRL)· 12 Mar 2026verified |
| Equity | 158.5 bn | 175.3 bn | 192.6 bn | 188.4 bn | 180.2 bn | 175.3 bn | SEC (XBRL)· 12 Mar 2026verified |
| Shares outstanding at year end | — | — | 7.0 bn | 6.5 bn | 6.1 bn | 5.7 bn | SEC (XBRL)· 12 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 34.1 bn | 45.1 bn | 68.4 bn | 54.2 bn | 54.7 bn | 42.9 bn | SEC (XBRL)· 12 Mar 2026verified |
| Investing cash flow | -13.3 bn | -4.8 bn | -22.4 bn | -17.7 bn | -15.2 bn | -16.8 bn | SEC (XBRL)· 12 Mar 2026verified |
| Financing cash flow | -7.2 bn | -34.7 bn | -42.0 bn | -38.2 bn | -38.4 bn | -35.8 bn | SEC (XBRL)· 12 Mar 2026verified |
| Share repurchases | 1.7 bn | 2.9 bn | 18.4 bn | 14.6 bn | 13.9 bn | 13.9 bn | SEC (XBRL)· 12 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 35.4% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 579.6 bn USD
Key indicators
Coverage and freshness
Score by group
35% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 26.22 – 47.26 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E26.22 – 47.26 (Mid 31.97)20 companies used · median multiple 10.2x · quartiles 8.4x – 15.1xAPA, CKX, DEC, DMLP, DVN, EOG, EQT, EXE, FANG, GPRK, KRP, MNR, MTDR, OVV, OXY, PARR, PR, REPX, SD, TTE
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 6.7% | 45 (vs peers) | 18% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -11.2% | 0 (on a fixed band) | 24% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.3x | 42 (on a fixed band) | 12% |
| P/E (TTM) · Valuation | 32.5x | 5 (vs peers) | 29% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 2.4% | 34 (on a fixed band) | 18% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial42/100 · 1/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality· partial45/100 · 1/3 factors with a value
- Returns· partial34/100 · 1/2 factors with a value
- Valuation· partial5/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Shell plc (SHEL). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 266.9 bn USD in 2025; YoY growth -6.1%; net margin 6.7%; ROE 10.1%.
The estimated value range is 26.22–47.26 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 31.97 USD, the price of 101.86 USD leaves a potential of -68.6% (value / price − 1) and a margin of safety of -218.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 35.4% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Revenue CAGR 3Y: -11.2%
- P/E (TTM): 32.5x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Crude Petroleum & Natural Gas (SIC 1311) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SHELShell plc | 579.6 bn | 32.5 | 10.1% | 6.7% | −6.1% | +38% / +54% |
| TTETotalEnergies SE | 199.6 bn | 15.7 | 11.3% | 6.5% | −6.2% | +38% / +33% |
| PBRPetrobras - Petroleo Brasileiro SA | 145.9 bn | 33.8 | 10.9% | 8.2% | −10.7% | +56% / +28% |
| EOGEog Resources, Inc. | 77.1 bn | 11.4 | 22.5% | 25.4% | −4.5% | +36% / +19% |
| OXYOccidental Petroleum Corporation | 57.3 bn | 8.6 | 18.9% | 33.7% | −1.9% | +37% / −3% |
| FANGDiamondback Energy, Inc. | 51.1 bn | 25.0 | 5.3% | 11.0% | +35.8% | +20% / +18% |
| DVNDevon Energy Corp | 48.5 bn | 10.5 | 11.5% | 16.7% | +7.8% | +19% / −2% |
| EQTEqt Corporation | 32.9 bn | 12.5 | 10.9% | 28.4% | +63.9% | −14% / +31% |
| EXEExpand Energy Corporation | 20.2 bn | 7.6 | 14.6% | 19.8% | +186.3% | −28% / +9% |
| PRPermian Resources Corporation | 18.8 bn | 14.9 | 11.5% | 21.5% | +1.3% | +55% / +71% |
| OVVOvintiv Inc. | 16.8 bn | 12.7 | 12.1% | 12.8% | −2.7% | +53% / +41% |
| APAApa Corporation | 15.6 bn | 9.4 | 25.9% | — | unavailable | +78% / +24% |
| MTDRMatador Resources Company | 6.2 bn | 8.6 | 12.8% | 19.9% | +5.5% | +19% / −13% |
| CRCCalifornia Resources Corp | 4.3 bn | — | -15.5% | -18.1% | +14.7% | +1% / −6% |
| PARRPar Pacific Holdings, Inc. | 3.5 bn | 3.6 | 50.9% | 9.8% | −6.4% | +53% / +103% |
| TALOTalos Energy Inc. | 2.6 bn | — | -18.1% | -18.4% | −9.8% | +36% / +12% |
| NOGNorthern Oil And Gas, Inc. | 2.4 bn | — | -22.1% | -25.4% | +11.2% | −1% / −40% |
| MNRMach Natural Resources LP | 1.7 bn | 19.1 | — | 7.4% | +21.2% | −15% / −43% |
| DMLPDorchester Minerals, L.P. | 1.4 bn | 15.6 | — | 45.5% | −5.4% | +27% / −5% |
| REPXRiley Exploration Permian, Inc. | 948.6 m | 9.2 | 16.8% | 17.3% | −4.4% | +57% / +74% |
| DECDiversified Energy Company | 942.7 m | 16.7 | 11.0% | 4.9% | +141.5% | −11% / +1,434% |
| EGYVaalco Energy Inc | 568.0 m | — | -24.4% | -31.1% | −25.0% | +51% / +16% |
| GPRKGeoPark LTD | 487.6 m | 9.9 | 22.1% | 10.1% | −25.5% | +16% / +4% |
| SDSandridge Energy, Inc. | 468.3 m | 5.7 | 16.2% | 46.1% | +24.8% | −11% / −9% |
| KRPKimbell Royalty Partners, LP | 415.5 m | 4.1 | — | 29.7% | +7.9% | +24% / +1% |
1- and 3-year price returns: for SHEL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 54.46 Total return -47% · Per year -47% | 96.77 Total return -5% · Per year -5% | 146.42 Total return 44% · Per year 44% |
| 3 years | 43.24 Total return -58% · Per year -25% | 87.33 Total return -14% · Per year -5% | 146.42 Total return 44% · Per year 13% |
| 5 years | 34.34 Total return -66% · Per year -20% | 78.82 Total return -23% · Per year -5% | 146.42 Total return 44% · Per year 8% |
- Exit P/E± 21.83
- Net margin± 15.28
- Annual revenue growth± 13.80
- Annual dilution± 1.28
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 12 Mar 2026; since then the company filed 6-K (02 Nov 2026), 6-K (29 Oct 2026), 6-K (13 Oct 2026), 6-K (07 Oct 2026).
In brief
Shell plc is a UK-incorporated integrated oil and gas company whose issued share capital at December 31, 2025 consists entirely of ordinary shares, with a governance structure adapted to London and New York listing requirements. Its 2025 annual report on Form 20-F shows a governance framework in transition, relevant to US investors.
SWOT
Strengths
- Share capital consists entirely of ordinary shares, which simplifies the structure of shareholder rights.
- The company applies a refreshed Code of Conduct and a Code of Ethics aligned with Sarbanes-Oxley requirements.
- The Audit and Risk Committee meets SEC requirements on audit independence.
Weaknesses
- The company does not fully follow NYSE governance standards, applying home-country practice instead.
- The Nomination Committee requires only a majority of independent members rather than all of them.
- Dividends unclaimed after six years revert to the company, which can create accounting liabilities that are hard to estimate.
Opportunities
- If remuneration policies are approved, the shareholding requirements could increase alignment with shareholders.
- The scrip dividend option could ease pressure on cash flow, if approved.
- A dual listing in London and New York could attract a broader investor base.
Threats
- Regulatory changes in the UK or US could impose additional compliance costs.
- If investor expectations on governance are not met, confidence could decline.
- Litigation related to administration or remuneration could affect the company's reputation.
Risks
- Director conflicts of interestmedium
Directors may have interests in contracts with the company, and authorising conflicts depends on the Board's procedure. Weak management of these situations could affect shareholder confidence.
- Changes to remuneration policieslow
Shareholding requirements and fee caps can be changed by shareholder resolution. Unexpected changes could create tension at the general meeting.
- Unclaimed dividendslow
Dividends unclaimed after six years revert to the company, and related obligations can persist for a long time. This could complicate financial record-keeping.
- Exposure to two jurisdictionsmedium
A London and New York listing requires simultaneous compliance with two regulatory systems. Differences between them could create costs or non-compliance.
- Employee and director share dealinghigh
Employees and directors are subject to internal dealing policies, and breaches could carry significant legal consequences.
Investment thesis
What would need to be true (bull case)
- A simple capital structure made up only of ordinary shares may make shareholder rights easier to interpret.
- Commitment to the governance framework, including the refreshed Code of Conduct, could support long-term confidence.
- If shareholding requirements are met, alignment between management and shareholders could strengthen.
What would break the thesis
- Unclaimed dividends and legacy mechanisms may create accounting obligations that are hard to track.
- Complying with two regulatory systems could raise administrative costs over time.
- The source gives no data on operating performance, which limits the assessment of the business from this document alone.
What to watch
- Annual General Meeting and vote on the auditorMay 19, 2026
- Application of the new Code of Conduct2026
- Changes to shareholding requirements after remuneration policy approvalnext annual report
- Development of unclaimed dividends on B sharesnext 20-F
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 12 Mar 2026; since then the company filed 6-K (02 Nov 2026), 6-K (29 Oct 2026), 6-K (13 Oct 2026), 6-K (07 Oct 2026).
The business
Shell plc, incorporated in the United Kingdom, is listed in both London and New York, which explains its filing of a Form 20-F with the SEC 1. Its issued share capital at December 31, 2025 is 100% ordinary shares 1. The source gives no details on revenue or operations, so this description is limited to capital structure and governance.
The governance structure provides that the Board may have between three and 20 members, and shareholders re-elect directors annually 1. The company applies a Code of Conduct refreshed in January 2026 and a Code of Ethics meeting Section 406 of the Sarbanes-Oxley Act 1. All Non-executive Directors were determined to be independent at the end of 2025 1.
The Annual General Meeting is scheduled for May 19, 2026 in London, and the proposed auditor for 2026 is Ernst & Young LLP 1. The company also oversees employee share ownership trusts, including a Dutch foundation and two US Rabbi Trusts 1.
Segments
Market context
The supplied source contains no market data, market share or sector size figures for oil and gas. As a reference point, the company is listed in London and New York, so it is simultaneously exposed to UK and US regulation 1.
The US listing regime requires audit committees compliant with Exchange Act Rule 10A-3, and Shell's Audit and Risk Committee meets these requirements 1. The company follows home-country practice for governance rather than NYSE standards in full 1.
Trends
- Refreshed Code of Conducttailwind
The Code of Conduct was refreshed in January 2026 with greater emphasis on expected behaviours 1. If applied consistently, this framework could support investor confidence in governance.
- Malus and clawback policymixed
The malus and clawback policy, adopted in 2023 and non-substantively updated in 2025, supports enforceability of remuneration recovery 1. Its effect depends on how the committee applies it.
- B share dividend accessheadwind
The dividend access mechanism for former B shares, assimilated into ordinary shares in January 2022, continues to pay unclaimed dividends 1. Dividends unclaimed after six years revert to the company, raising long-term accounting questions 1.
- Scrip dividend optionmixed
The Board may offer ordinary shareholders the choice of extra shares instead of cash dividends, if prior shareholder approval is obtained 1. This option could change the capital structure depending on shareholder decisions.
Competitive position
The source does not identify competitors. The company discloses only its capital structure and governance, with no comparison to other oil and gas producers 1.
Without source data on market share or competitive advantages, the competitive analysis remains incomplete based on this document.
- Source does not identify competitors
The Form 20-F does not name rival companies.
- Data unavailable
The document supplied contains no information on other sector operators.
- Data unavailable
No comparison with other companies appears in the source analysed.
- Data unavailable
Other sources are needed to identify competitors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
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- Russian forces shell Marhanets, four injuredUkrinform (UA, EN) · 05 Nov 2026 · EN
- Australia approves seabed site where a Japanese company will store carbon pollutionPhys.org · 05 Nov 2026 · EN
- Рынки акций Европы в среду закрылись уверенным ростомInterfax Russia (RU) · 05 Nov 2026 · RU
- The Pentagon needs more ammo for the Iran war. Small communities are paying the price.Defense News (US, EN) · 04 Nov 2026 · EN
- Layering pentru sporturi de iarnă: cum te îmbraci corect ca să nu transpiri și să nu înghețiLibertatea.ro · 04 Nov 2026 · RO
- Security updates for WednesdayLWN.net · 04 Nov 2026 · EN
- Weapon or wine bottle? China disputes reports of artillery shell in Papua New GuineaBBC World News · 04 Nov 2026 · EN
- Man under police probe for alleged cheating over use of shell companies to avoid rentCNA (Channel NewsAsia) · 04 Nov 2026 · EN
- Nvidia is happy to take your money whether you're using open or closed models, says Jensen HuangThe Register · 03 Nov 2026 · EN
- Canonical adds FIDO2 hardware key support to LaunchpadOMG! Ubuntu · 03 Nov 2026 · EN
- Self-Sensitized Shortwave Infrared Upconversion and Photon-Looping in Holmium-Doped NanoparticlesJournal of the American Chemical Society · 03 Nov 2026 · EN
- Ion Accessibility Governs Electrochemically Effective Actuation in Carbon Nanotube MusclesACS Nano · 03 Nov 2026 · EN
- METLEN Signs Five-Year US LNG Supply Deal With ShellGreek Reporter (GR, EN) · 03 Nov 2026 · EN
- Versatile Interfacial Engineering of Core–Shell Mesoporous Nanomaterials: Programmable Assembly, Functional Integration, and Diverse ApplicationsACS Nano · 03 Nov 2026 · EN
- More Than 200 WWII Explosives Found at Budapest Construction SiteBudapest Business Journal (HU, EN) · 03 Nov 2026 · EN
- Shell Sells North West Shelf LNG Stake to Abu Dhabi's XRG for $1.45 BillionOil Price · 03 Nov 2026 · EN
SEC filings
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)02 Nov 2026
- Current report (foreign issuer)29 Oct 2026
- Current report (foreign issuer)29 Oct 2026
- Current report (foreign issuer)13 Oct 2026
- Current report (foreign issuer)07 Oct 2026
- Current report (foreign issuer)02 Oct 2026
- Current report (foreign issuer)28 Sept 2026
- Current report (foreign issuer)03 Sept 2026
- Current report (foreign issuer)01 Sept 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Shell plc · 12 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.