Marketing was the largest of Shell plc’s 6 reported lines in fiscal 2025, at $238.79B — 45% of $535.79B.
| 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 |
In fiscal 2025, which ended December 31, 2025, the 6 segments Shell plc reported in this breakdown added up to $535.79B. That was down 7.7% from $580.68B in fiscal 2024. Marketing was the largest segment, at $238.79B or 44.6% of the total, followed by Renewables & Energy Solutions ($77.49B, 14.5%) and Integrated Gas ($76.91B, 14.4%). Together, the two largest segments made up 59.0% of this total.
Compared with fiscal 2024, Renewables & Energy Solutions grew the fastest, rising 12.8% to $77.49B. Upstream fell the most, down 22.7% to $71.94B. Over fiscal 2022 to 2025, revenue across these segments went 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% over the same years.
The table also keeps 4 segments that Shell plc no longer reports, so earlier years can still be read on their original basis; use "Show 4 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2015 to 2025, as reported in Shell plc's annual filings.
Europe was the largest of Shell plc’s 4 reported lines in fiscal 2025, at $183.62B — 34% of $533.77B.
| 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 |
In fiscal 2025, which ended December 31, 2025, the 4 regions Shell plc reported in this breakdown added up to $533.77B. That was down 6.1% from $568.62B in fiscal 2024. Europe was the largest region, at $183.62B or 34.4% of the total, followed by Asia, Oceania, Africa ($181.68B, 34.0%) and Usa ($115.46B, 21.6%). Together, the two largest regions made up 68.4% of this total.
Compared with fiscal 2024, every sizeable region reported in both years shrank. Europe held up best, down 0.7% to $183.62B, while Usa fell the most, down 11.3% to $115.46B. Over fiscal 2022 to 2025, revenue across these regions went 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% over the same years.
The table also keeps 3 regions that Shell plc no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers 8 fiscal years between 2017 and 2025, as reported in Shell plc's annual filings.
Shell plc (SHEL) breaks its revenue down by segment and region. In fiscal 2025, its largest segment was Marketing, with $238.79B or 44.6% of the total, followed by Renewables & Energy Solutions at $77.49B (14.5%).
Marketing was Shell plc's largest segment in fiscal 2025, with $238.79B in revenue, 44.6% of the $535.79B reported across its 6 segments.
Europe was Shell plc's largest region in fiscal 2025, with $183.62B in revenue, 34.4% of the $533.77B reported across its 4 regions.
Of the Shell plc segments reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Renewables & Energy Solutions grew the fastest, rising 12.8% from $68.67B to $77.49B.
Every figure is taken from Shell plc's annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2015 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.