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SHEL·Shell PLC

$96.86
-0.76 (-0.78%)
After Hours
High
$98.08
Open
$97.42
Market Cap
207.13B
52W High
$99.36
Low
$96.54
P. Close
$96.86
P/E
10.57
52W Low
$68.62
Fwd P/E
9.32
DailyIQ Est.
$105.87
Inst. Ownership
8.8%
Short Interest
0.93%
Days to Cover
2.8
Technical Score (1D)
91
BULLISH
News Sentiment
69
BULLISH
On Oct 7, Shell announced that its indicative refining margin for the third quarter was expected to rise to $42 per barrel, nearly doubling the $24 margin reported in the prior quarter, a move driven by a global surge in fuel prices, especially diesel. The company also raised its integrated gas production outlook to 740,000‑780,000 barrels of oil equivalent per day, up from the previous 570,000‑630,000 range, citing the ARC Resources acquisition. Shell reported that refinery throughput increased to 11 units during the oil‑price surge, capitalizing on the diesel supply crunch, and that trading performance remained robust despite regional impacts on gasoline output. The company noted that upstream production guidance was narrowed to 1.74‑1.84 million barrels of oil equivalent per day, compared with the earlier 1.68‑1.88 million range. Shell said it would release its full third‑quarter results at the end of October. On Oct 6, Shell’s CEO Wael Sawan highlighted the company’s competitive advantage in Venezuelan gas, noting five agreements signed in June to advance gas projects, and also reported that Middle East oil flows had recovered to roughly 80% of pre‑conflict levels, underscoring resilience amid regional tensions.
LOW TARGET
$83 -14.3%
2 analysts
MEAN TARGET
$104 +7.2%
17 analysts
HIGH TARGET
$123 +27.0%
8 analysts
PRICE RANGE
$83.00 - $123.00
SB / B / H / S / SS
3/11/11/1/1
DAILYIQ EST.
$105.87 (+9.3%)
Sector
Energy
Industry
Oil & Gas Integrated
Exchange
NYQ
Country
United Kingdom
Website
shell.com
Symbol
SHEL
Description
Shell PLC is a global energy and petrochemical company with a diverse operational footprint spanning Europe, the Americas, Asia, and Africa. Its core business involves the exploration, extraction, and processing of natural gas and crude oil, including the production of liquefied natural gas and gas-to-liquids products. Beyond its traditional oil and gas activities, Shell is actively involved in marketing fuels and lubricants, operating electric vehicle charging stations, and refining crude oil into products for various industries. Furthermore, the company is investing in renewable energy solutions, including wind and solar power generation, hydrogen production, and carbon capture initiatives, demonstrating a strategic shift toward a lower-carbon future. Shell's integrated approach across the energy value chain, from upstream resources to downstream distribution and emerging technologies, positions it as a key player in the evolving global energy landscape.
61/ 100
Neutral / mixed
Overall: Neutral
✓Analyst target above current price
View full financials →
Earnings Summary
Shell PLC operates as a global energy and petrochemical enterprise, engaging in exploration, extraction, and processing of natural gas and crude oil while also marketing fuels, lubricants, and operating EV charging stations. The company’s diversified portfolio extends into renewable energy, including wind, solar, hydrogen, and carbon capture, positioning it within the broader Oil & Gas Integrated sector. In the most recent quarters, Shell reported Q4 2024 revenue of $66.28 billion and Q1 2025 revenue of $69.23 billion, reflecting a modest year‑over‑year increase of roughly 4.5 %. EPS in Q4 2024 was $1.20, below the $1.49 estimate, whereas Q1 2025 EPS rose to $1.84, surpassing the $1.61 estimate, indicating a rebound in profitability after a miss. The company’s Q2 2025 EPS of $1.44 beat the $1.27 estimate, while Q3 2025 EPS of $1.86 exceeded the $1.74 estimate, demonstrating a pattern of earnings beats in the last three quarters. Historically, Shell has shown a steady YoY revenue growth trajectory, with revenue increasing from $66.28 billion in Q4 2024 to $68.15 billion in Q3 2025, and EPS growth from $1.20 to $1.86, underscoring consistent profitability improvements despite occasional misses. Recent news highlights include CEO Wael Sawan’s October 6 statement on Middle East oil flow recovery, which may reinforce Shell’s supply resilience narrative, and the October 5 announcement of a $9.8 billion adjusted earnings Q2 2025 driven by refinery utilization and upstream production, reinforcing the company’s operational strength.

EPS

EstBeatMiss
$1.05$1.38$1.71$2.04$2.37Q4'24Q1'25Q2'25Q3'25Q1'26
QtrEstActual+/−
Q1'26$2.21 - -
Q3'25$1.74$1.86+7.1%
Q2'25$1.27$1.44+13.7%
Q1'25$1.61$1.84+14.4%
Q4'24$1.49$1.20-19.6%

Revenue

EstBeatMiss
$63.2B$68.0B$72.9B$77.7B$82.6BQ4'24Q1'25Q2'25Q3'25Q1'26
QtrEstActual+/−
Q1'26$80.4B - -
Q3'25 - $68.2B -
Q2'25 - $65.4B -
Q1'25 - $69.2B -
Q4'24 - $66.3B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

SHEL Stock Snapshot

BULLISH91/100
$96.85−$0.01 (0.0%)
Market cap
207.13B
P/E ratio
10.6
Day range
$96.54 – $98.08
News sentiment
69/100 · Bullish
Analyst target
$103.81 (+7.2%)
Consensus
Buy · 27 analysts
52-week range+41.1% off low · -2.5% from high
$68.62$99.36
Price $96.85 DailyIQ Est. $105.87

Momentum is working in SHEL's favour - the indicator set leans bullish rather than mixed. Positioning shifts among large allocators, not retail flow, set the tone for a name this size.

Behaviour On Record

What SHEL's own history says about today's numbers

Realized volatility (21d)
19.5% 36th pct
Below its peak
-2.8%
vs 200-day average
+13.3%
Up days (1y)
54%

Shell PLC is currently running 19.5% annualised volatility over the last 21 sessions. Measured against SHEL's own 13 years of daily returns rather than a market-wide average, that is the 36th percentile — on the quiet side for this stock, against a typical reading of 22.4%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

SHEL is trading -2.8% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.0%, and the deepest was -66.3% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +13.3% from its 200-day moving average. Against every other day in its history, that gap ranks at the 87th percentile — a wider gap than this stock usually carries. Over the past year SHEL closed higher on 54% of sessions, and it is currently 2 sessions into a rising streak.

On October specifically: over 13 years of records, SHEL finished the month higher 9 of 13 times, with a median return of +2.5% and an average of +1.3%. Its strongest month historically has been July at +1.4% on average, its weakest August at -1.6%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: SHEL has opened more than 2% away from the prior close in 225 of 3,267 sessions (6.9% of the time), with the largest gaps running +7.7% and -13.1%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-07 and 2026-10-05, split-adjusted, recomputed daily. Percentiles are against SHEL's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of SHEL's sector?

Shell PLC sits in the Energy sector, currently ranked 5th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#5 of 12
Sector state
Improving
Sector rotation score
82

Options Market

What is the options market pricing for SHEL?

CallsPuts

For Shell PLC's nearest expiry (2026-10-09, 2 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.78), with at-the-money implied volatility around 32.1%. The options market is pricing roughly a ±2.3% move by that expiry — a range of about $93.28–$97.72.

Put/call ratio (2026-10-09)
0.78
ATM implied volatility
32.1%
Total open interest
5,713
Expected move by 2026-10-09
±2.3% ($93.28–$97.72)

Analyst Rating Changes

Are analysts turning bullish or bearish on SHEL?

TD Cowen most recently reiterated its rating on Shell PLC to Buy on Sep 28, 2026 with a price target of $115 (from $107). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
TD Cowen — Buy
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Sep 28, 2026TD CowenMaintainedBuy$107 → $115
Sep 3, 2026Piper SandlerMaintainedNeutral$89 → $100
Aug 3, 2026Piper SandlerMaintainedNeutral$88 → $89
Jul 31, 2026Wells FargoMaintainedEqual-Weight$100 → $105
Jul 20, 2026MizuhoInitiatedNeutral$98
May 21, 2026JefferiesMaintainedBuy$120 → $122
Apr 22, 2026ScotiabankMaintainedSector Outperform$91 → $122
Apr 10, 2026TD CowenMaintainedBuy$112 → $110
Apr 9, 2026Wells FargoMaintainedEqual-Weight$77 → $94
Mar 12, 2026Piper SandlerMaintainedOverweight$89 → $106
Feb 6, 2026Wells FargoMaintainedEqual-Weight$78 → $77
Feb 6, 2026Piper SandlerMaintainedOverweight$93 → $89

SHEL Competitive Positioning

Shell PLC (SHEL) is tracked alongside these names in Oil & Gas Integrated on DailyIQ — ranked by market cap, with today's move alongside.

Held by These ETFs

SHEL is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

69/100
Strong NegativeNeutralStrong Positive
MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Zacks analysts highlighted Shell (SHEL) as a leading growth pick, citing its strong growth score and top Zacks rank. The recommendation is based on the company’s favorable financial trajectory and robust earnings outlook. The article frames SHEL as a high‑potential investment within the oil and gas sector, emphasizing its capacity to outperform peers. No material corporate action or earnings surprise is disclosed, so the outlook is positive but not transformative.
What did this article say?
Zacks Research highlighted Shell (SHEL) as a top value pick, assigning it a Zacks Rank of #1 (Strong Buy) and an A grade in the Value category. The recommendation was based on the company’s low price-to-book ratio of 1.14 and its strong fundamentals, suggesting it is undervalued relative to peers. Analysts noted that the rating reflects confidence in Shell’s earnings potential and its positioning within the energy sector. The endorsement signals a positive outlook for investors seeking value opportunities in the oil and gas industry.
What did this article say?
Shell reported that its third‑quarter refining margin rose to $42 per barrel, up from $24 in the second quarter, marking a record high. The increase was driven by a global fuel crunch caused by Middle Eastern supply disruptions and Russia’s diesel export ban. Refinery utilization fell from 102% to an estimated 93‑97% due to lower water levels at the Rheinland refinery. The margin jump is expected to boost windfall profits ahead of the full quarterly results release on October 29.
What did this article say?
On October 7, 2026, The Wall Street Journal published a market‑talk piece that briefly mentioned Shell plc (SHEL) within a broader discussion of the energy and utilities sector. The article did not report any new corporate actions, earnings updates, or material developments specific to SHEL. It served primarily as a general market commentary without any direct implications for the company’s financial performance or strategic direction.
What did this article say?
On October 6, 2026, Shell plc announced the purchase of a specified number of its own shares for cancellation as part of its ongoing share buy‑back programme. The transaction was executed under the on‑market limb of the programme, governed by pre‑set parameters and the Company’s general authority to repurchase shares. The buy‑back activity aligns with the company’s strategy to return capital to shareholders and support the share price, reflecting a positive signal to investors.
What did this article say?
Shell announced that its indicative refining margin is expected to rise to $42 per barrel, nearly doubling the $24 margin reported in the prior quarter. The increase is driven by a global surge in fuel prices, with diesel prices exceeding 200p per litre in Britain and oil prices remaining above three digits. The higher margins position Shell for a strong quarter in its products division, which converts crude oil into finished fuels. The company will release its full third‑quarter results at the end of October. The margin expansion follows G7 nations’ decision to release emergency diesel and oil supplies to alleviate market pressures.
What did this article say?
Shell announced a higher Q3 2026 production outlook as Middle East tensions drive oil prices up. The company projected a $42 per barrel refining margin and a $2.5 billion cash outflow for the quarter. Refinery utilization is expected to tighten, reflecting tighter supply conditions. The guidance signals a positive shift in operational performance and a favorable market environment for the company.
What did this article say?
Shell (SHEL) increased its Q3 integrated gas production outlook to 740,000‑780,000 barrels of oil equivalent per day, up from the previous 570,000‑630,000 boe/d range. The company narrowed its upstream production guidance to 1.74‑1.84 million boe/d, compared with 1.68‑1.88 million boe/d previously. Shell also projected its indicative refining margin for the quarter to rise to $42 per barrel from $24 in Q2, reflecting stronger refining economics.
What did this article say?
Shell reported that its refining margin hit a record high in the third quarter, driven by volatility caused by the Middle East conflict and a global supply squeeze. The company increased refinery throughput to 11 units during the oil‑price surge, capitalizing on the diesel supply crunch. The strong margins reflected higher refinery utilization and favorable market conditions for refined fuels. Shell also noted robust trading performance despite the regional impact on gasoline output.

Technical Analysis

Real-time indicators across multiple timeframes

91
BULLISH
Technical indicators reflect the latest computed signal mix for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $14.51B combined position · 15 adding, 8 trimming, 2 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
FMR LLC (Fidelity)▼ Sell87,332,3464.08%$6.77B2026-08-13
Fisher Asset Management, LLC▲ Buy27,633,1551.29%$2.14B2026-08-04
Goldman Sachs Group Inc▲ Buy11,128,8920.52%$862.93M2026-08-14
Morgan Stanley▲ Buy10,779,1290.50%$835.81M2026-08-13
Bank of America Corp▲ Buy7,709,7150.36%$597.81M2026-08-14
Citadel Advisors LLC• Hold7,080,5620.33%$549.20M2026-09-02
Wellington Management Group LLP▼ Sell5,732,1600.27%$444.47M2026-08-14
BlackRock, Inc.▲ Buy5,437,1440.25%$421.60M2026-08-07
D. E. Shaw & Co., Inc.▲ Buy3,503,0700.16%$271.63M2026-08-14
Northern Trust Corp▼ Sell3,180,2130.15%$246.59M2026-08-13
Renaissance Technologies LLC▲ Buy2,695,4520.13%$209.01M2026-08-13
Susquehanna International Group, LLP▼ Sell2,216,4270.10%$171.86M2026-08-14
Wells Fargo & Company▼ Sell2,158,1270.10%$167.34M2026-08-14
JPMorgan Chase & Co▼ Sell2,050,1680.10%$157.64M2026-08-12
Bridgewater Associates, LP▲ Buy1,526,1630.07%$118.34M2026-08-14
Point72 Asset Management, L.P.▲ Buy1,129,3030.05%$87.57M2026-08-14
AllianceBernstein L.P.▲ Buy919,3960.04%$85.50M2026-08-14
Millennium Management LLC▲ Buy825,5070.04%$64.01M2026-08-14
Capital Research Global Investors▲ Buy740,2190.03%$57.40M2026-08-12
Invesco Ltd.▼ Sell647,6680.03%$50.22M2026-08-14
Two Sigma Investments, LP▲ Buy613,8080.03%$47.59M2026-08-14
Adage Capital Partners GP, L.L.C.▲ Buy480,0000.02%$44.64M2026-05-15
Squarepoint Ops LLC▼ Sell543,4580.03%$42.14M2026-08-14
Verition Fund Management LLC• Hold464,8890.02%$36.05M2026-08-14
AQR Capital Management LLC▲ Buy360,6700.02%$27.97M2026-08-14
Q2 2026 flow:12.51M sh bought ($970.61M)12.35M sh sold ($957.13M)net +164.8K sh (+$13.48M)
View full institutional holdings history →
Congressional Trading Activity
10 disclosed trades · ~$80.0K est. traded value · 4 buys, 6 sells
MemberChamberStateTypeAmountTradedFiled
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-10-142025-11-21
Valerie HoyleHouseOR04▼ Sell$1K - $15K2025-09-232025-10-10
Lisa McClainHouseMI09▲ Buy$1K - $15K2025-06-092025-08-13
Bruce WestermanHouseAR04▼ Sell$1K - $15K2025-04-212025-05-12
Josh GottheimerHouseNJ05▼ Sell$1K - $15K2025-04-092025-05-14
Bruce WestermanHouseAR04▲ Buy$1K - $15K2025-03-032025-04-16
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-01-162025-02-10
Josh GottheimerHouseNJ05▼ Sell$1K - $15K2024-12-162025-01-14
Valerie HoyleHouseOR04▲ Buy$1K - $15K2024-10-292025-09-12
Shelley Moore CapitoSenateWV▼ Sell$1K - $15K2023-11-272023-12-19
View full congressional trading history →

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