Shell's income for the period 2010-2023
In 2023, Shell's net income amounted to 19.63 billion U.S. dollars. This is a noticeable decrease compared to the previous year, when the Anglo-Dutch company reported a historic net profit of roughly 42.87 billion U.S. dollars. Headquartered London, United Kingdom, Shell is not only one of the world’s largest oil and gas companies, but also one of the largest companies worldwide in general.
Shell in history and today
As one of the six oil and gas supermajors in the world, Shell's revenue regularly exceeds 300 billion U.S. dollars. Founded as the Royal Dutch Petroleum Co. in 1890, it is involved and operating in every segment of the oil and gas industry. Shell is a vertically integrated company, meaning they own every part of their supply chain. The company has announced it will cut fossil fuels production by more than half until 2030 and instead focus on its chemicals segment.
Earnings and shares of Royal Dutch Shell
The upstream segment was Shell's leading earnings-generating segment in 2023. It was also the first year the company's renewables and energy solutions segment was able to turn a profit, whereas its integrated gas segment saw a significant reduction in profits. Shell’s number of shares stood at some 7.65 billion in 2023, up from 7.34 billion in 2022.
