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ENI Spa vs Shell: E and SHEL compared
ENI Spa is the larger company: $82.2B of revenue in its latest quarter (FY2025) against $70.2B for Shell (Q1 2025). Shell is growing faster (-6% against -8% a year earlier). Shell is more profitable, with an operating margin of 12.8% against 6.1%.
Where the money goes: E and SHEL
ENI Spa (E) · FY2025
ENI Spa, FY2025: revenue $82.2B (-8% year over year), operating margin 6.1%, net earnings $2.6B, operating cash flow $13.3B. The chart follows the revenue to costs, profit and cash.
Shell (SHEL) · Q1 2025
Shell, Q1 2025: revenue $70.2B (-6% year over year), operating margin 12.8%, net earnings $4.8B, operating cash flow $9.3B. The chart follows the revenue to costs, profit and cash.
| ENI Spa (E) | Shell (SHEL) | |
|---|---|---|
| Latest quarter | FY2025 | Q1 2025 |
| Revenue | $82.2B | $70.2B |
| Revenue growth, Y/Y | -8% | -6% |
| Operating margin | 6.1% | 12.8% |
| Net earnings | $2.6B | $4.8B |
| Net margin | 3.2% | 6.8% |
| Operating cash flow | $13.3B | $9.3B |
| Free cash flow | $4.6B | — |
| Market value | $176.2B | $563.8B |
| P/E | 63.9× | 31.1× |
| Analysts’ mean target | $57.02 | $110.87 |
Questions
Which is bigger, ENI Spa or Shell?
ENI Spa is the larger company: $82.2B of revenue in its latest quarter (FY2025) against $70.2B for Shell (Q1 2025).
Is ENI Spa or Shell growing faster?
Shell is growing faster (-6% against -8% a year earlier).
Which is more profitable, ENI Spa or Shell?
Shell is more profitable, with an operating margin of 12.8% against 6.1%.
More: ENI Spa earnings · how ENI Spa makes money · Shell earnings · how Shell makes money
From the companies' latest 10-Q, 10-K or earnings release (20-F filed Mar 23, 2026; 6-K filed May 2, 2025). Fiscal quarters can end on different dates. Not investment advice.