Shell's revenue 2010-2023

Shell, formerly Royal Dutch Shell, reported a total revenue of 316.62 billion U.S. dollars in 2023. This was a notable decrease compared to the previous year, when the company profited from decade-high gas and oil prices. As one of the largest oil and gas companies in the world, the company reported its greatest profits during years when the average benchmark oil prices, such as the Brent crude, were particularly high.

Shell's financials

Shell is one of the so-called Big Oil companies, the largest publicly traded oil and gas companies worldwide, and operates in every vertical of the oil and gas industry. The company is headquartered in London, United Kingdom. In 2023, they were the fourth highest ranked oil and gas company based on revenues following Sinopec, PetroChina, and ExxonMobil. Europe is the region generating most of Shell's revenues, accounting for more than a third of total revenues.

Focus on low-carbon solutions

In recent years, Shell has begun putting greater efforts into diversifying its business portfolio. In 2023, earnings within the company's integrated gas segment significantly declined, while its renewables and energy solutions segment reported its first year of profit.