Highlights

  • Shell’s Q1FY25 revenue increased by 4.5% YoY, driven by improved product margins and higher LNG sales volumes.
  • The company recorded an adjusted EBITDA of USD 15.25 million for the period.
  • Shell has launched a USD 3.5 billion share buyback programme targeting the reduction of issued share capital by July 31, 2025.

Shell PLC (LSE: SHEL) is an energy and petrochemical company. It is involved in oil, gas, and chemicals and carries out its operations through segments including Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables.

In the first quarter of the financial year 2025 (Q1FY25), the company’s revenue increased by 4.5% YoY to USD 69.23 billion, driven by improved product margins and higher LNG sales volumes.

Adjusted EBITDA surged by 6.8% YoY to USD 15.25 billion, driven by higher product margins and lower operating expenses in Marketing and Chemicals. Adjusted earnings grew by 52.3% YoY to USD 5.57 billion in Q1FY25, compared to USD 3.66 billion in Q4FY24.

Recent Business Update

Shell PLC has launched a USD 3.5 billion share buyback programme. The buyback is aimed at reducing its issued share capital before July 31, 2025. The programme will be executed through two irrevocable contracts, one for each of the UK and Netherlands exchanges, each capped at USD 1.75 billion.

Company Outlook

Shell expects FY25 production of 890–950k boe/d from integrated gas and 1,560–1,760k boe/d from upstream, reflecting the effects of divestments and scheduled asset maintenance. Refinery utilization is projected to range between 87% and 95%, while corporate adjusted earnings are expected to show a net expense of USD 400–600 billion.

Top 10 Shareholders

The top 10 shareholders of Shell collectively own approximately 15.36% of the company’s shares, with The Vanguard Group, Inc. and BlackRock Institutional Trust Company, N.A. holding the largest stakes at around ~3.14% and ~3.03%, respectively.

Stock Information

The stock price of SHEL has tumbled by ~2.13% in the last three months however, it has gained around 1.84% in the past month. The stock has a 52-week low and 52-week high of GBX 2,269.92 and GBX 2,947.06, respectively, and is currently trading below the average of the 52-week high-low level. As of 05 June 2025, SHEL’s closing price stands at GBX 2,479.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 05 June 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.