Shell vs ExxonMobil
ExxonMobil is the larger business, with $332.24bn of revenue in fiscal 2025 against $266.89bn for Shell (1.2 times as much). ExxonMobil grew faster (-5.0% against -6.1%). ExxonMobil kept more of each dollar of sales as profit: a net margin of 8.7% against 6.7%. ExxonMobil carries less debt relative to equity (16.8% against 43.4%).
| Latest fiscal year | ShellSHEL, 2025 | ExxonMobilXOM, 2025 |
|---|---|---|
| Revenue | $266.89bn | $332.24bn |
| Revenue growth | -6.1% | -5.0% |
| Net income | $17.84bn | $28.84bn |
| Operating margin | — | — |
| Net margin | 6.7% | 8.7% |
| Return on equity | 10.1% | 11.0% |
| Free cash flow | — | $23.61bn |
| Cash | $30.22bn | $10.68bn |
| Total debt | $75.64bn | $43.54bn |
| Debt to equity | 43.4% | 16.8% |
| Dividend per share | — | — |
| Dividend yield | — | 2.4% |
| Share buybacks | $13.88bn | $20.27bn |
| Employees | — | — |
| Market value | $310.16bn | $724.59bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | 46 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |