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Shell vs TotalEnergies SE: SHEL and TTE compared
Shell is the larger company: $69.7B of revenue in its latest quarter (Q1 2026) against $61.8B for TotalEnergies SE (Q2 2026). TotalEnergies SE is growing faster (+14% against +9% a year earlier). Shell is more profitable, with an operating margin of 13.4% against 3.8%.
Where the money goes: SHEL and TTE
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.
TotalEnergies SE (TTE) · Q2 2026
TotalEnergies SE, Q2 2026: revenue $61.8B (+14% year over year), operating margin 3.8%, net earnings $5.4B. The chart follows the revenue to costs, profit and cash.
| Shell (SHEL) | TotalEnergies SE (TTE) | |
|---|---|---|
| Latest quarter | Q1 2026 | Q2 2026 |
| Revenue | $69.7B | $61.8B |
| Revenue growth, Y/Y | +9% | +14% |
| Operating margin | 13.4% | 3.8% |
| Net earnings | $5.8B | $5.4B |
| Net margin | 8.3% | 8.8% |
| Operating cash flow | $6.1B | — |
Questions
Which is bigger, Shell or TotalEnergies SE?
Shell is the larger company: $69.7B of revenue in its latest quarter (Q1 2026) against $61.8B for TotalEnergies SE (Q2 2026).
Is Shell or TotalEnergies SE growing faster?
TotalEnergies SE is growing faster (+14% against +9% a year earlier).
Which is more profitable, Shell or TotalEnergies SE?
Shell is more profitable, with an operating margin of 13.4% against 3.8%.
More: Shell earnings · how Shell makes money · TotalEnergies SE earnings · how TotalEnergies SE makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed May 7, 2026; 6-K filed Jul 23, 2026). Fiscal quarters can end on different dates. Not investment advice.