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Shell vs EOG Resources: SHEL and EOG compared
Shell is the larger company: $69.7B of revenue in its latest quarter (Q1 2026) against $8.5B for EOG Resources (Q3 2026). EOG Resources is growing faster (+46% against +9% a year earlier). EOG Resources is more profitable, with an operating margin of 41.9% against 13.4%.
Where the money goes: SHEL and EOG
Shell (SHEL) · Q1 2026
Shell, Q1 2026: revenue $69.7B (+9% year over year), operating margin 13.4%, net earnings $5.8B, operating cash flow $6.1B. The chart follows the revenue to costs, profit and cash.
EOG Resources (EOG) · Q3 2026
EOG Resources, Q3 2026: revenue $8.5B (+46% year over year), operating margin 41.9%, net earnings $2.8B, operating cash flow $3.8B. The chart follows the revenue to costs, profit and cash.
| Shell (SHEL) | EOG Resources (EOG) | |
|---|---|---|
| Latest quarter | Q1 2026 | Q3 2026 |
| Revenue | $69.7B | $8.5B |
| Revenue growth, Y/Y | +9% | +46% |
| Operating margin | 13.4% | 41.9% |
| Net earnings | $5.8B | $2.8B |
| Net margin | 8.3% | 32.5% |
| Operating cash flow | $6.1B | $3.8B |
| Free cash flow | — | $2.3B |
| Market value | — | $75.6B |
| P/E | — | 9.2× |
| Analysts’ mean target | — | $167.45 |
Where the revenue comes from
EOG Resources
- United States: $8.4B (99%)
- Trinidad: $113M (1%)
Questions
Which is bigger, Shell or EOG Resources?
Shell is the larger company: $69.7B of revenue in its latest quarter (Q1 2026) against $8.5B for EOG Resources (Q3 2026).
Is Shell or EOG Resources growing faster?
EOG Resources is growing faster (+46% against +9% a year earlier).
Which is more profitable, Shell or EOG Resources?
EOG Resources is more profitable, with an operating margin of 41.9% against 13.4%.
More: Shell earnings · how Shell makes money · EOG Resources earnings · how EOG Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed May 7, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.