Shell Gross Margin 2010-2024 | SHEL
- Shell average gross margin for 2023 was 26.21%, a 0.27% increase from 2022.
- Shell average gross margin for 2022 was 26.14%, a 1.87% increase from 2021.
- Shell average gross margin for 2021 was 25.66%, a 24.02% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.