Shell (SHEL)

• Market cap: $207B
• 1 day: 0.04%
• 5 days: -0.85%
• 1 month: -0.1%
• 3 months: -0.78%
• 6 months: 0.66%
• Year to date: 13.22%
• 1 year: 4.8%
• 5 years: 38.99%
• 10 years: 38.99%
• Sector: Energy
• Industry: Oil & Gas Integrated

About: Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2024, it produced 1.5 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At year-end 2024, reserves stood at 9.6 billion barrels of oil equivalent, 48% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with a capacity of 1.6 mmb/d located in the Americas, Asia, and Europe, and sells about 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.

Employees: 96,000

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

130% more call options, than puts

Call options by funds: $1.08B | Put options by funds: $468M

6.17% more ownership

Funds ownership: 6.41% [Q1] → 12.58% (+6.17%) [Q2]

4% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 101

4% less repeat investments, than reductions

Existing positions increased: 482 | Existing positions reduced: 500

2% less funds holding

Funds holding: 1,388 [Q1] → 1,362 (-26) [Q2]

7% less capital invested

Capital invested by funds: $28.3B [Q1] → $26.3B (-$1.98B) [Q2]

32% less funds holding in top 10

Funds holding in top 10: 28 [Q1] → 19 (-9) [Q2]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $70
• Avg. target: $77
• High target: $82

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Melius Research James West	$70	Hold Initiated	20 Aug 2025
Piper Sandler Ryan Todd	$82	Overweight Maintained	18 Aug 2025
HSBC Kim Fustier	$78	Hold Downgraded	4 Aug 2025
Wells Fargo Roger Read	$79	Overweight Maintained	26 Jun 2025