Why Shell stock moves
Shell fell while the S&P 500 rose slightly.
Written after the close on ·
Why today
16,413 news analyzed todayShell fell while the S&P 500 rose slightly.
Over the last five trading days Shell fell very sharply, moving more than the market and in line with its sector and oil.
The move was very big for Shell, and no company news from that session clearly explains it.
Earlier news, including the North West Shelf LNG stake sale and the Q3 earnings beat, was known before the session opened.
Next, Shell's next earnings report is due on 4 February 2027.
Today's move of −1.03% was 1.3 times a normal day's 0.8%. S&P 500 moved +0.31% on the same day.
Shell −1.03%S&P 500 +0.31%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for Shell.
Shell earned more than expected in 6 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 5 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $99.09
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $3.51 (February 4). For the current fiscal year, expected earnings per share changed from $10.92 three months ago to $13.42 now. 2026 estimate: $13.42. 2027 estimate: $10.91.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +17% and earnings per share +19%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): $280.8BRevenue 2025: $266.9B
What the key figures say about Shell
The figures connect what Shell earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $5.06–$11.42. Peers: TotalEnergies 8.62 EUR, Chevron $13.62, Exxon Mobil $9.72. 2026 estimate: $13.42 ($12.55–$14.62). 2027 estimate: $10.91 ($8.56–$13.73).
What the company sold during the year.
2022–2025: $266.9B–$381.3B. Peers: TotalEnergies $214.4B, Chevron $226.3B, Exxon Mobil $388.2B. 2026 estimate: $350.2B ($269.6B–$381.8B). 2027 estimate: $326.7B ($276.3B–$376.0B).
The percentage of revenue left after the costs of running the business.
2022–2025: 9.7%–16.6%. Peers: TotalEnergies 16.2%, Chevron 12.4%, Exxon Mobil 12.4%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 9.0%–22.2%. Peers: TotalEnergies 17.8%, Chevron 13.9%, Exxon Mobil 15.5%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 5.0–12.4. Peers: TotalEnergies 9.2, Chevron 15.6, Exxon Mobil 17.1. 2026 estimate: 7.4. 2027 estimate: 9.1.
What investors pay for each unit the company sells.
2022–2025: 0.55–0.82. Peers: Chevron 1.83, Exxon Mobil 1.74. 2026 estimate: 0.80. 2027 estimate: 0.86.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $1.50–$3.76.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 2.6%–4.4%. Peers: TotalEnergies 4.5%, Chevron 3.4%, Exxon Mobil 2.6%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 0.47–0.81. Peers: TotalEnergies 0.52, Chevron 0.36, Exxon Mobil 0.28.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 1.10–1.25. Peers: Chevron 2.13, Exxon Mobil 2.55.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 3.6–7.7.
Cash left after investments, divided by the number of shares.
2022–2025: $8.03–$12.50. Peers: TotalEnergies $10.25, Chevron $13.85, Exxon Mobil $10.53.
The percentage of assets financed by shareholders’ equity.
2022–2025: 43.0%–47.1%.
The dividend explained
A dividend is money paid to shareholders. Shell paid $3.02 per share in the twelve months through November 6, 2026.
On the ex-dividend day, August 14, 2026, Shell traded without the right to the $0.78 dividend. The price went from $89.92 to $90.47; including the dividend, the day's change was +1.5%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $3.762018: $3.762019: $3.762020: $1.912021: $1.642022: $1.502023: $2.472024: $2.752025: $2.862026 so far: $2.31
What followed similar falls?
Including reinvested dividends, Shell fell 8.8% over the latest five trading days. Since November 7, 2016, falls at least this large were followed by a higher value 21 trading days later in 7 out of 14 non-overlapping periods. The median was +0.4%, against +1.4% for an ordinary 21-day period, which ended higher 58 times in 100.
Such a fall has not said much about the next month.
+0.4% · 7/14
What to watch next, and why
From the ex-day, Shell trades without entitlement to the next dividend.
- The dividend explained
From the ex-day, Shell trades without entitlement to the next dividend.
- Earnings report
The earnings report shows how Shell's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Shell usually moved about 2.5%. On a normal day it moves 0.8%.
+2.36% Why? +2.46% −3.39% −5.28%
$10,000 in Shell bought on November 7, 2016 is worth $28,500 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,400.
What would $10,000 in Shell be worth today? →
What would $10,000 in Shell be worth today?
$28,500
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,400.
At worst it was worth $4,350 (March 18, 2020).
The five biggest days of the journey
· +21.5% · the whole market rose 9.4% the same day
· −17.8% · the whole market fell 7.6% the same day
· −17.4% · the whole market fell 5.2% the same day
· −16.8% · the whole market fell 12.0% the same day
· +15.0% · the whole market rose 0.5% the same day
Earlier days
−8.83% market −2.70% Shell fell very sharply over the week, moving much more than the S&P 500, which also fell sharply. Read →
Shell fell very sharply over the week, moving much more than the S&P 500, which also fell sharply.
Its sector ETF and Brent crude oil also fell heavily, so Shell moved roughly in line with its sector and less than oil.
The move was very large for Shell, rare in the past year.
Shell also reported third-quarter earnings that nearly doubled on Wednesday 4 November, and it agreed to a share buyback.
−1.71% market −4.41% Shell fell sharply, while oil rose sharply. Read →
Shell fell sharply, while oil rose sharply.
The stock moved less than the market and its sector, and against oil.
Over the five trading days, Shell fell very sharply, in line with the S&P 500 and its sector.
Oil prices, which moved less than Shell, were the main factor behind the broader drop, and the next earnings report is due on 4 February 2027.
−2.25% market +1.65% Shell fell as oil slumped after midterm election results. Read →
Shell fell as oil slumped after midterm election results.
Shell fell sharply in the last session while the S&P 500 rose, so it moved against the market.
Company news explains only part of it: Shell announced a stake sale and a Moroccan fuel deal that day.
Over the last five trading days Shell fell clearly, a bit more than the S&P 500, while its energy sector and oil fell even more sharply.
Trading volume was about twice a normal day.
−0.71% market +0.30% Shell fell, while the S&P 500 rose slightly. Read →
Shell fell, while the S&P 500 rose slightly.
Over the last five trading days Shell was roughly unchanged, while the broader market fell clearly.
The move was an ordinary one for Shell.
Shell's stock sits well above its early-January low but below its late-October high.
−3.45% market −0.48% Shell fell, a move far bigger than the market's. Read →
Shell fell, a move far bigger than the market's.
The S&P 500 barely moved, and the energy sector fell about as hard as Shell did.
Oil also dropped very sharply, reportedly as Iran peace efforts eased supply fears, which likely pulled energy shares down with it.
Shell's latest close is well above its lowest close of the past year, and below its highest, set in late October.
+0.95% market −1.77% Shell rose, while the S&P 500 fell sharply. Read →
Shell rose, while the S&P 500 fell sharply.
The company's quarterly profit beat expectations, and it announced a $5 billion buyback.
Oil prices rose sharply too, which likely lifted the shares.
The move was within Shell's usual daily range.
Trading volume was around its usual level.
+0.47% market −0.56% Shell barely moved over the week, while the S&P 500 fell slightly. Read →
Shell barely moved over the week, while the S&P 500 fell slightly.
The stock ended near the highest close of the past year after a strong Thursday and Friday.
Shell's quarterly profit doubled to $10.8 billion on record refining margins, driven by high oil prices from the Iran conflict.
Analysts raised their price targets after the results, and the company launched a new $5 billion share buyback.
+2.36% market −0.38% Shell rose, against a slightly weaker S&P 500 after strong quarterly results. Read →
Shell rose, against a slightly weaker S&P 500 after strong quarterly results.
Over the last five trading days, Shell rose slightly, moving in line with its Energy sector and with oil prices, and a little more than the broader market.
The most likely driver is its latest quarterly report, which beat expectations and showed profits roughly doubling, helped by high refining margins.
A new $5 billion share buyback, announced the same day, likely added to the rise.
Shell's move was about the size of a normal report-day move for it, and trading volume was around its usual level.
−1.99% market +0.56% Shell slips sharply, underperforming the market that day. Read →
Shell slips sharply, underperforming the market that day.
Shell fell sharply in the last session while the S&P 500 rose clearly, so it moved against the broader market.
Its sector and Brent crude oil also fell clearly that day, so the move looks largely tied to the oil and energy sell-off.
No company news from that session clearly explains the drop.
Over the last five trading days, Shell fell slightly while the market and its sector were roughly flat.
+2.25% market −0.52% Shell rose sharply, while the S&P 500 fell clearly, so it moved against the market. Read →
Shell rose sharply, while the S&P 500 fell clearly, so it moved against the market.
Shell rose in line with its energy sector and with Brent crude oil, which also rose sharply.
No company news from the last session clearly explains the move, so the rise most likely followed the jump in oil prices.
Over the past five trading days Shell rose slightly, while the S&P 500 fell slightly.
Shell's shares are trading close to their highest level of the past year.
+1.43% market −0.43% Shell rose slightly over the last five trading days, moving against a slightly falling S&P 500 and in line with its Energy sector and oil. Read →
Shell rose slightly over the last five trading days, moving against a slightly falling S&P 500 and in line with its Energy sector and oil.
The share price stayed near its highest level of the past year, supported by stronger refining margins and asset sales.
Its next earnings report on Thursday 29 October is the event to watch.
Learn more · Why does a stock fall on the ex-dividend date? · Why do stocks go up and down?