Marketing was Shell’s largest segment in fiscal 2025, bringing in $238.79B of $535.79B (45%).
| Segments [axis] | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oil Products | — | — | — | — | |||||||
| Downstream | — | — | — | — | |||||||
| Marketing | $241.28B | $271.72B | $250.05B | $238.79B | |||||||
| Chemicals & Products | $231.08B | $85.63B | $76.76B | $70.59B | |||||||
| Upstream | $104.57B | $95.41B | $93.09B | $71.94B | |||||||
| Integrated Gas | $109.50B | $98.41B | $92.01B | $76.91B | |||||||
| Integrated Gas | — | — | — | — | |||||||
| Renewables & Energy Solutions | $13.58B | $99.05B | $68.67B | $77.49B | |||||||
| Chemicals | — | — | — | — | |||||||
| Corporate | $82.00M | $84.00M | $86.00M | $78.00M | |||||||
| Total | $700.09B | $650.30B | $580.68B | $535.79B |
Shell brought in $535.79B from its six segments in fiscal 2025, the year ended December 31, 2025. That was down 7.7% from $580.68B in fiscal 2024. Marketing was the largest at $238.79B (44.6%), ahead of Renewables & Energy Solutions at $77.49B (14.5%) and Integrated Gas at $76.91B (14.4%). The other three segments brought in $142.60B combined.
Compared with fiscal 2024, Renewables & Energy Solutions grew fastest, up 12.8% to $77.49B, while Upstream fell the most, down 22.7% to $71.94B. From fiscal 2022 to 2025, combined revenue from these segments fell from $700.09B to $535.79B, a compound annual decline of 8.5%. Marketing's share of the total rose from 34.5% to 44.6%.
Europe was Shell’s largest region in fiscal 2025, bringing in $183.62B of $533.77B (34%).
| Geography | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Asia, Oceania, Africa | $253.29B | $199.93B | $196.69B | $181.68B | ||||
| Europe | $271.95B | $236.27B | $184.96B | $183.62B | ||||
| European Union | — | — | — | — | ||||
| Usa | $174.17B | $140.58B | $130.18B | $115.46B | ||||
| Singapore | — | — | — | — | ||||
| Uk | — | — | — | — | ||||
| Other Americas | $63.22B | $56.45B | $56.80B | $53.02B | ||||
| Total | $762.63B | $633.24B | $568.62B | $533.77B |
Shell brought in $533.77B from its four regions in fiscal 2025, the year ended December 31, 2025. That was down 6.1% from $568.62B in fiscal 2024. Europe was the largest at $183.62B (34.4%), ahead of Asia, Oceania, Africa at $181.68B (34.0%) and Usa at $115.46B (21.6%). The remaining region, Other Americas, brought in $53.02B.
Compared with fiscal 2024, every region above 2% of revenue shrank. Europe held up best, down 0.7% to $183.62B, and Usa fell the most, down 11.3% to $115.46B. From fiscal 2022 to 2025, combined revenue from these regions fell from $762.63B to $533.77B, a compound annual decline of 11.2%. Europe's share of the total fell from 35.7% to 34.4%.
Shell (RYDAF) reports its revenue by segments [axis] and by geography. In fiscal 2025, Marketing was its largest segment, bringing in $238.79B (44.6% of the total), followed by Renewables & Energy Solutions at $77.49B (14.5%).
Marketing was Shell's largest segment in fiscal 2025, bringing in $238.79B, or 44.6% of the $535.79B total across its six segments.
Europe was Shell's largest region in fiscal 2025, bringing in $183.62B, or 34.4% of the $533.77B total across its four regions.
Among Shell's segments that make up at least 2% of revenue, Renewables & Energy Solutions grew fastest in fiscal 2025, up 12.8% from $68.67B to $77.49B.
Every figure comes from Shell's annual financial filings, as reported. Each line keeps the name Shell gives it, and years follow its fiscal calendar.
Shell's revenue by segments [axis] goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.