Shell Stock Forecast

Stock Price Forecast

According to 17 analysts polled by S&P Global, Shell stock has a consensus rating of "Buy" and an average price target of 3,726p. The average 1-year stock price forecast is 12.72% higher than the current stock price, while the lowest is 3,048p (-7.78%) and the highest is 4,494p (+35.95%).

Price Target: 3,726p (+12.72%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	3,048p	3,726p	3,614p	4,494p
Change	-7.78%	+12.72%	+9.33%	+35.95%

Analyst Ratings

The average analyst rating for Shell stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	5	6	5	6	6	6
Buy	4	3	2	2	2	2
Hold	8	9	10	9	9	9
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	17	18	17	17	17	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Biraj Borkhataria RBC Capital	RBC Capital	Hold Initiates 4,000p	Hold	Initiates	4,000p	+21.01%	Jul 15, 2026
Martijn Rats Morgan Stanley	Morgan Stanley	Hold Maintains 3,495p → 3,045p	Hold	Maintains	3,495p → 3,045p	-7.88%	Jul 10, 2026
Henry Tarr Berenberg Bank	Berenberg Bank	Buy Reiterates 4,000p	Buy	Reiterates	4,000p	+21.01%	Jul 9, 2026
Christopher Kuplent Bank of America Securities	Bank of America Securities	Hold Reiterates 3,500p → 3,300p	Hold	Reiterates	3,500p → 3,300p	-0.17%	Jul 8, 2026
Joshua Stone UBS	UBS	Hold Maintains 3,180p	Hold	Maintains	3,180p	-3.80%	Jul 8, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

314.20B

from 266.89B

17.73%

from 266.89B

Revenue Next Year

290.00B

from 314.20B

-7.70%

from 314.20B

EPS This Year

5.14

from 3.15

63.07%

from 3.15

EPS Next Year

4.57

from 5.14

-11.03%

from 5.14

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	261.50B	381.31B	316.62B	284.31B	266.89B	314.20B
Revenue Growth	44.84%	45.82%	-16.97%	-10.20%	-6.13%	17.73%
Gross Profit	62.77B	97.31B	78.50B	72.81B	67.79B	62.21B
Gross Margin	24.00%	25.52%	24.79%	25.61%	25.40%	19.80%
Operating Income	24.81B	64.33B	34.63B	33.45B	29.83B	47.99B
Net Income	20.10B	42.31B	19.36B	16.09B	17.84B	29.34B
EPS	-	-	-	-	3.15	5.14
EPS Growth	-	-	-	-	-16.22%	63.07%
Forward PE	7.27	5.35	7.49	8.00	11.09	8.57
Dividend / Share	0.89	1.04	1.29	1.39	1.45	1.56
Dividend Growth	-	16.12%	24.67%	7.46%	4.03%	7.89%
Free Cash Flow	18.69B	25.71B	28.21B	28.54B	22.73B	34.26B
No. Analysts	-	-	-	-	-	15

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	413.6B
Avg	314.2B
Low	269.6B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	55.0%
Avg	17.7%
Low	1.0%

EPS Forecast

Chart

EPS	2026	2027	2028
High	5.92
Avg	5.14
Low	4.63

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	87.9%
Avg	63.1%
Low	47.0%