Companies: 10,795·Total market cap: $144.5T
Shell plc

Shell plc

SHELNYSEEnergy● Active
$85.40
$-1.33(-1.53%)
Market Cap$240.8B
P/E Ratio
52W High$94.9
52W Low$67.25
Overview

Shell plc (SHEL) Shares Outstanding — Overview

Basic and diluted weighted average shares, YoY change, float context, and historical trend from SEC filings and FMP.

SHEL · shares outstanding · updated Jun 8, 2026

Key metrics

Basic Shares Outstanding · Weighted average · fiscal year
2.945B -6.49% YoY Change
FY · as of Dec 31, 2025 · Reported in USD
vs 3.150B in FY 2024
Diluted Shares Outstanding
2.974B
incl. options, RSUs, convertibles
Dilution Spread
+0.98%
Diluted vs Basic
YoY Change
-6.49%
year-over-year
Float (Free Float)
2.788B
publicly tradable shares
98.9% of total
Source: FMP /income-statement · /shares-float · SEC 10-K / 10-QUpdated: 2026-06-08

Shares Outstanding Growth Rate

3-Year CAGRdeclining
-7.1%
2022 → 2025
5-Year CAGRdeclining
-5.5%
2020 → 2025
10-Year CAGRdeclining
-0.7%
2015 → 2025

Negative CAGR typically indicates share buyback or retirement activity. Interpret alongside Splits and Financials tabs. Splits / Financials

Shares outstanding history

↓ Decrease — typically buyback / retirement
↑ Increase — issuance / equity compensation
Latest
* most recent reported · FMP /income-statement · weightedAverageShsOut

Annual shares outstanding by year

FY 2025Latest
Diluted Shares: 2.974B
2.945B
-6.49%
FY 2024
Diluted Shares: 3.182B
3.150B
-4.74%
FY 2023
Diluted Shares: 3.400B
3.307B
-9.99%
FY 2022
Diluted Shares: 3.705B
3.674B
-5.34%
FY 2021
Diluted Shares: 3.903B
3.881B
-0.43%
FMP /income-statement · weightedAverageShsOut · weightedAverageShsOutDilUnit: Billions (B)

Energy sector shares outstanding comparison

Shares Outstanding for similar companies or competitors in the Energy sector.

#SymbolCompanyShares (Basic)vs SHEL
#1
Petróleo Brasileiro S.A. - PetrobrasPBR
Petróleo Brasileiro S.A. - Petrobras
6.444B+118.8%
#2
Exxon Mobil CorporationXOM
Exxon Mobil Corporation
4.331B+47.0%
#3
Shell plcSHEL
Shell plcYOU
2.945B
#4
TotalEnergies SETTE
TotalEnergies SE
2.191B-25.6%
#5
Enbridge Inc.ENB
Enbridge Inc.
2.180B-26.0%
#6
Chevron CorporationCVX
Chevron Corporation
1.849B-37.2%
#7
ConocoPhillipsCOP
ConocoPhillips
1.252B-57.5%

/company-screener · per-peer /income-statement · cache 86400s

Understanding Shares Outstanding

What Are Shares Outstanding? (Basic)

Shell plc (SHEL) shares outstanding is the total number of issued shares held by shareholders — the basis for Basic EPS and market capitalization. As of December 31, 2025, Shell plc reports 2.945B basic shares outstanding (weighted average).

Basic vs. Diluted Shares Outstanding

Shell plc's basic shares outstanding (2.945B) represents currently issued shares. Diluted shares outstanding (2.974B) also includes potential shares from stock options, RSUs, and convertibles. Dilution spread: +0.98%.

Shares Outstanding vs. Float (Free Float)

Shell plc's float is 2.788B (98.9% of total shares outstanding) — shares freely available for public trading, excluding insider-held and restricted shares.

Float2.788B(98.9%)
Outstanding2.819B

Float data from /shares-float reflects the most recent SEC filing period-end. The weighted average shares (from /income-statement) may differ — this is a normal reporting window difference, not a data error.

FMP /income-statement · /shares-float · SEC EDGAR · USD

About shares outstanding & methodology

Shell plc (SHEL) shares outstanding history from 2006 to 2025. Shares outstanding can be defined as the total number of shares held by all shareholders — including institutional investors, retail investors, and company insiders — assuming conversion of all convertible debt, securities, warrants, and options. This metric excludes the company's treasury shares.

Shell plc shares outstanding for the fiscal year ending December 31, 2025 were 2.945B, a 6.49% decline year-over-year. Shell plc FY 2025 shares outstanding were 2.945B, a -6.49% decline from FY 2024.

Shell plc is a leading company operating in the Energy sector. The company's share count trajectory — with a 10-year CAGR of -0.7% — is a key signal for investors evaluating capital return policy, EPS accretion, and long-term shareholder value creation.

Figures tie to SEC 10-K/10-Q income statement disclosures and FMP /income-statement · /shares-float where noted.

Frequently asked questions

SHEL shares outstanding · 4 questions

As of December 31, 2025, Shell plc (SHEL) has approximately 2.945B basic shares outstanding and 2.974B diluted shares outstanding. This represents a -6.49% year-over-year change from FY 2024 (3.150B). Shell plc's declining share count is primarily driven by its share buyback program. For the complete historical data table, see the history table above.

SHEL shares outstandinghow many shares does SHEL haveSHEL basic shares 2025SHEL diluted shares

Data: FMP /income-statement · /shares-float · SEC EDGAR · weighted average basis · Shell plc SEC 10-K & 10-Q filings · US GAAP · Last updated: 2026-06-08