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 3,895p. The average 1-year stock price forecast is 33.75% higher than the current stock price, while the lowest is 3,308p (+13.58%) and the highest is 4,498p (+54.42%).

Price Target: 3,895p (+33.75%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	3,308p	3,895p	3,890p	4,498p
Change	+13.58%	+33.75%	+33.56%	+54.42%

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

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michele Della Vigna Goldman Sachs	Goldman Sachs	Buy Maintains 4,027p	Buy	Maintains	4,027p	+38.27%	Jul 2, 2026
Lydia Rainforth Barclays	Barclays	Buy Reiterates 3,387p	Buy	Reiterates	3,387p	+16.29%	Jun 30, 2026
Joshua Stone UBS	UBS	Hold Maintains 3,500p	Hold	Maintains	3,500p	+20.17%	Jun 17, 2026
Matthew Lofting J.P. Morgan	J.P. Morgan	Buy Maintains 3,900p	Buy	Maintains	3,900p	+33.91%	Jun 10, 2026
Mark Wilson Jefferies	Jefferies	Buy Maintains 4,500p	Buy	Maintains	4,500p	+54.51%	May 25, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

326.67B

from 266.89B

22.40%

from 266.89B

Revenue Next Year

299.49B

from 326.67B

-8.32%

from 326.67B

EPS This Year

5.18

from 3.15

64.50%

from 3.15

EPS Next Year

4.71

from 5.18

-9.01%

from 5.18

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	326.67B
Revenue Growth	44.84%	45.82%	-16.97%	-10.20%	-6.13%	22.40%
Gross Profit	62.77B	97.31B	78.50B	72.81B	67.79B	64.68B
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	49.12B
Net Income	20.10B	42.31B	19.36B	16.09B	17.84B	26.68B
EPS	-	-	-	-	3.15	5.18
EPS Growth	-	-	-	-	-16.22%	64.50%
Forward PE	7.27	5.35	7.49	8.00	11.09	7.53
Dividend / Share	0.89	1.04	1.29	1.39	1.45	1.56
Dividend Growth	-	16.12%	24.67%	7.46%	4.03%	7.59%
Free Cash Flow	18.69B	25.71B	28.21B	28.54B	22.73B	31.02B
No. Analysts	-	-	-	-	-	16

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

Revenue Forecast

Revenue	2026	2027	2028
High	454.5B
Avg	326.7B
Low	269.6B

Revenue Growth

Revenue Growth	2026	2027	2028
High	70.3%
Avg	22.4%
Low	1.0%

EPS Forecast

EPS	2026	2027	2028
High	6.17
Avg	5.18
Low	4.49

EPS Growth

EPS Growth	2026	2027	2028
High	95.9%
Avg	64.5%
Low	42.5%