Shell (SHEL)

• Market cap: $214B
• 1 day: 1.25%
• 5 days: 1.80%
• 1 month: 3.83%
• 3 months: 11.60%
• 6 months: 12.86%
• Year to date: 15.86%
• 1 year: 1.77%
• 5 years: 42.24%
• 10 years: 42.24%
• 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 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% 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 capacity of 1.6 mmb/d located in the Americas, Asia, Africa, 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 Q1 regulatory disclosures by fund managers ($100M+ AUM)

87% more call options, than puts

Call options by funds: $993M | Put options by funds: $530M

62% more first-time investments, than exits

New positions opened: 144 | Existing positions closed: 89

33% more funds holding in top 10

Funds holding in top 10: 21 [Q4 2024] → 28 (+7) [Q1 2025]

15% more capital invested

Capital invested by funds: $24.5B [Q4 2024] → $28.3B (+$3.78B) [Q1 2025]

2% more funds holding

Funds holding: 1,351 [Q4 2024] → 1,379 (+28) [Q1 2025]

7% more repeat investments, than reductions

Existing positions increased: 503 | Existing positions reduced: 468

0.27% more ownership

Funds ownership: 6.14% [Q4 2024] → 6.41% (+0.27%) [Q1 2025]

Research analyst outlook

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

• Low target: $79 8% upside
• Avg. target: $82 11% upside
• High target: $84 15% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Piper Sandler Ryan Todd	15% upside $84	Overweight Maintained	15 Jul 2025
Wells Fargo Roger Read	8% upside $79	Overweight Maintained	26 Jun 2025