The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

SHEL.L

Concerning the House

Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, United Kingdom.

United Kingdom · www.shell.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$69.23B$65.41B$68.15B$64.09B
Gross profit$12.71B$9.73B$11.58B$7.28B
Operating income$9.47B$6.01B$7.73B$3.16B
Net income$4.78B$3.60B$5.32B$4.13B
Diluted EPS0.790.600.71
Free cash flow$5.53B$6.49B$7.65B$4.19B
CapEx-$3.75B-$5.45B-$4.56B-$5.25B
Quotation

$3,288.00

-34.11 (-1.0%)

52w hi$3,582.26
52w lo$2,561.23
Vol9.44M
As ofAug 13
The Verdict

Hold

Our score +0.46

Short+0.10
Medium+0.64
Long+0.84

computed 2026-08-13

By the Numbers

Shell plc

Energy · Oil & Gas Integrated

Market cap$181.63B
Enterprise value$225.87B
Trailing P/E9.81x
Forward P/E9.51x
EV / EBITDA3.92x
P / S (ttm)0.61x
Profit margin8.8%
Return on equity14.3%
Revenue growth+44.7%
Earnings growth+220.0%
Debt / equity40.20
Risk Metrics
Beta vs SPX-0.03
Corr SPX-0.02
Annual vol22.4%
Annual ret+9.6%
Sharpe0.43
Max DD-20.7%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.41
Sector+0.13
Technical+0.23
Earnings+0.00
Sentiment-0.14

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$3,318.00$3,325.00$3,253.00$3,288.009.44M
Aug 12$3,342.00$3,353.00$3,301.00$3,322.508.90M
Aug 11$3,334.00$3,356.00$3,323.50$3,356.004.20M
Aug 10$3,274.00$3,310.50$3,258.00$3,298.005.65M
Aug 7$3,316.50$3,330.00$3,269.50$3,277.5010.12M