Shell (SHEL) COGS-to-Revenue : 0.82 (As of Mar. 2025)

View and export this data going back to 1984. Start your Free Trial

What is Shell COGS-to-Revenue?

Shell's Cost of Goods Sold for the three months ended in Mar. 2025 was $56,528 Mil. Its Revenue for the three months ended in Mar. 2025 was $69,234 Mil.

Shell's COGS to Revenue for the three months ended in Mar. 2025 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Shell's Gross Margin % for the three months ended in Mar. 2025 was 18.35%.

Shell COGS-to-Revenue Historical Data

The historical data trend for Shell's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Shell COGS-to-Revenue Chart

Shell Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

Get a 7-Day Free Trial

1.07

0.86

0.79

0.85

0.84

Shell Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.80	0.84	0.84	0.90	0.82

Shell COGS-to-Revenue Calculation

Shell's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	238371	/	284312
	=	0.84

Shell's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	56528	/	69234
	=	0.82

Shell (NYSE:SHEL) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Shell's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	56528 / 69234
	=	18.35 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Shell COGS-to-Revenue Related Terms

Thank you for viewing the detailed overview of Shell's COGS-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Shell Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shell PLC (NYSE:SHEL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

RYDAF:USA SHELL:Netherlands SHEL N:Mexico SHELl:UK SHEL:UK R6C0:Germany L3H:Germany R6C0:Germany R6C0:Germany L3H:Germany R6C0:Germany SHELL:Czech Republic SHEL:Argentina

Address

Shell Centre, London, GBR, SE1 7NA

Website

https://www.shell.com

Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At end-2023, reserves stood at 9.6 billion barrels of oil equivalent, 49% of which, consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with capacity of 1.6 mmb/d located in the Americas, Asia, Africa, and Europe and sells about 12 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Central Europe, China, Singapore, and North America.