ShellSHEL
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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
140% more call options, than puts
Call options by funds: $891M | Put options by funds: $371M
37% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 103
3% more capital invested
Capital invested by funds: $23.8B [Q3] → $24.5B (+$729M) [Q4]
1% more funds holding
Funds holding: 1,332 [Q3] → 1,345 (+13) [Q4]
0.33% more ownership
Funds ownership: 5.81% [Q3] → 6.14% (+0.33%) [Q4]
9% less funds holding in top 10
Funds holding in top 10: 23 [Q3] → 21 (-2) [Q4]
21% less repeat investments, than reductions
Existing positions increased: 420 | Existing positions reduced: 531
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Scotiabank Paul Cheng 41% 1-year accuracy 15 / 37 met price target | 9%upside $70 | Sector Outperform Maintained | 11 Apr 2025 |
Wells Fargo Roger Read 30% 1-year accuracy 34 / 114 met price target | 29%upside $83 | Overweight Maintained | 8 Apr 2025 |
TD Cowen Jason Gabelman 38% 1-year accuracy 10 / 26 met price target | 18%upside $76 | Buy Maintained | 8 Apr 2025 |
TD Securities Jason Gabelman 38% 1-year accuracy 10 / 26 met price target | 27%upside $82 | Buy Maintained | 19 Mar 2025 |
Financial journalist opinion
Based on 57 articles about SHEL published over the past 30 days









