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Shell, formerly Royal Dutch Shell, reported a total revenue of 284.31 billion U.S. dollars in 2024. This was a decrease compared to the previous year as crude oil prices were notably lower than in the previous two years. As one of the largest oil and gas companies in the world, the company reported its greatest profits during years when the average benchmark oil prices, such as the Brent crude, were particularly high.

Shell's financials

Shell is one of the so-called Big Oil companies, the largest publicly traded oil and gas companies worldwide, and operates in every vertical of the oil and gas industry. The company is headquartered in London, United Kingdom. In 2024, it was the fourth highest ranked oil and gas company based on revenues following Sinopec, PetroChina, and ExxonMobil. Asia and Europe are the regions generating most of Shell's revenues, accounting for around two thirds.

Shell’s oil and natural gas liquids production

In 2024, Shell’s oil and natural gas liquids production amounted to over 531 million barrels worldwide. Since 2022, the company’s production output has remained around 530 million barrels. That same year, Asia was the region with the highest production with over 190 million barrels of liquids produced.