Symbols / SHEL $89.49 +0.94% Shell plc

Energy • Oil & Gas Integrated • United Kingdom • NYQ
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About

Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liquids (GTL) fuels and other products; explores for and extracts crude oil, natural gas, and natural gas liquids; and operates marketing and transportation of oil, gas, and liquids, supported by the infrastructure required to deliver them to market or to process them within Shell's chemical manufacturing plants and refineries. It is also involved in marketing, which includes mobility, lubricants, and sectors focused on decarbonization; operates a retail network, including electric vehicle charging, convenience retail, and the wholesale commercial fuels business for transport and industry; sells products for road transport and machinery in manufacturing, mining, power generation, agriculture, and construction; and provides low-carbon energy solutions, such as biofuels, to a broad range of commercial customers, including those in the aviation, marine, and agriculture sectors. In addition, the company offers chemicals and products, including chemicals manufacturing plants with their own marketing network, and refineries that turn crude oil and other feedstocks into a range of oil products, which are moved and marketed around the world for domestic, industrial, and transport use; and operates a pipeline business, trading, and optimization of crude oil, oil products, and petrochemicals. The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1897 and is headquartered in London, United Kingdom.

Fundamentals
Scroll to Statements
Market Cap 250.83B Enterprise Value 548.34B Income 17.84B Sales 266.89B Book/sh 60.99 Cash/sh 5.34
Dividend Yield 3.36% Payout 47.73% Employees 84000 IPO P/E 14.91 Forward P/E 9.93
PEG 1.30 P/S 0.94 P/B 1.47 P/C EV/EBITDA 11.51 EV/Sales 2.06
Quick Ratio 0.85 Current Ratio 1.30 Debt/Eq 43.17 LT Debt/Eq EPS (ttm) 6.00 EPS next Y 9.01
EPS Growth 3.76% Revenue Growth -3.30% Earnings 2026-05-07 ROA 4.92% ROE 10.19% ROIC
Gross Margin 25.40% Oper. Margin 8.44% Profit Margin 6.68% Shs Outstand 2.79B Shs Float 5.52B Short Float 0.77%
Short Ratio 1.43 Short Interest 52W High 94.90 52W Low 64.02 Beta -0.21 Avg Volume 7.10M
Volume 3.12M Target Price $96.48 Recom Buy Prev Close $88.66 Price $89.49 Change 0.94%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$96.48
Mean price target
2. Current target
$89.49
Latest analyst target
3. DCF / Fair value
$146.49
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$89.49
Low
$77.00
High
$119.70
Mean
$96.48

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 main Scotiabank Sector Outperform → Sector Outperform $122
2026-04-10 main TD Cowen Buy → Buy $110
2026-04-09 main Wells Fargo Equal-Weight → Equal-Weight $94
2026-03-12 main Piper Sandler Overweight → Overweight $106
2026-02-06 main Wells Fargo Equal-Weight → Equal-Weight $77
2026-02-06 main Piper Sandler Overweight → Overweight $89
2026-01-08 main Piper Sandler Overweight → Overweight $92
2025-11-25 down UBS Buy → Neutral
2025-11-10 main Piper Sandler Overweight → Overweight $90
2025-10-31 main TD Cowen Buy → Buy $82
2025-10-17 init Wells Fargo — → Equal-Weight $76
2025-10-09 main Scotiabank Sector Outperform → Sector Outperform $91
2025-10-08 main Piper Sandler Overweight → Overweight $87
2025-10-08 down Wolfe Research Outperform → Peer Perform
2025-08-20 init Melius Research — → Hold $70
2025-08-18 main Piper Sandler Overweight → Overweight $82
2025-08-04 down HSBC Buy → Hold $78
2025-07-15 main Piper Sandler Overweight → Overweight $84
2025-07-02 main Piper Sandler Overweight → Overweight $83
2025-06-26 main Wells Fargo Overweight → Overweight $79
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-04 Taraporevala (Cyrus) 0
2026-03-04 Godbehere (Ann Frances) 0
2026-03-04 Hughes (Catherine J) 0
2026-03-04 Lute (Jane H) 0
2025-12-31 Godbehere (Ann Frances) 0
2025-12-31 Hughes (Catherine J) 0
2025-12-31 Lute (Jane H) 0
2025-12-31 Taraporevala (Cyrus) 0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2023-12-31 2022-12-31 2021-12-31
Total Revenue
316,620.00
-16.97%
381,314.00
Operating Revenue
316,620.00
-16.97%
381,314.00
Cost Of Revenue
269,413.00
-10.95%
302,535.00
Reconciled Cost Of Revenue
269,413.00
-10.95%
302,535.00
Gross Profit
47,207.00
-40.08%
78,779.00
Operating Expense
16,470.00
+5.11%
15,670.00
Research And Development
1,287.00
+19.72%
1,075.00
Selling General And Administration
13,433.00
+4.27%
12,883.00
General And Administrative Expense
13,433.00
+4.27%
12,883.00
Other Operating Expenses
1,750.00
+2.22%
1,712.00
Total Expenses
285,883.00
-10.16%
318,205.00
Operating Income
30,737.00
-51.30%
63,109.00
EBITDA
60,361.00
-34.78%
92,554.00
Normalized EBITDA
60,149.00
-33.69%
90,715.00
Reconciled Depreciation
23,106.00
+3.18%
22,393.00
EBIT
37,255.00
-46.90%
70,161.00
Total Unusual Items
212.00
-88.47%
1,839.00
Total Unusual Items Excluding Goodwill
212.00
-88.47%
1,839.00
Special Income Charges
257.00
-85.46%
1,768.00
Other Special Charges
-257.00
+85.46%
-1,768.00
Impairment Of Capital Assets
8,185.00
-3,851.00
Write Off
-1,126.00
+70.76%
-3,851.00
Net Income
19,359.00
-54.24%
42,309.00
Pretax Income
32,627.00
-49.66%
64,815.00
Net Non Operating Interest Income Expense
-2,315.00
+46.16%
-4,300.00
Interest Expense Non Operating
4,628.00
-13.43%
5,346.00
Net Interest Income
-2,315.00
+46.16%
-4,300.00
Interest Expense
4,628.00
-13.43%
5,346.00
Interest Income Non Operating
2,313.00
+121.13%
1,046.00
Interest Income
2,313.00
+121.13%
1,046.00
Other Non Operating Income Expenses
677.00
+112.23%
319.00
Tax Provision
12,991.00
-40.79%
21,941.00
Tax Rate For Calcs
0.00
+17.62%
0.00
Tax Effect Of Unusual Items
84.80
-86.38%
622.53
-66.50%
1,858.14
Net Income Including Noncontrolling Interests
19,636.00
-54.20%
42,874.00
Net Income From Continuing Operation Net Minority Interest
19,359.00
-54.24%
42,309.00
Net Income From Continuing And Discontinued Operation
19,359.00
-54.24%
42,309.00
Net Income Continuous Operations
19,636.00
-54.20%
42,874.00
Minority Interests
-277.00
+50.97%
-565.00
Normalized Income
19,231.41
-53.20%
41,092.53
Net Income Common Stockholders
19,359.00
-54.24%
42,309.00
Otherunder Preferred Stock Dividend
0.00
0.00
Diluted EPS
5.70
-50.09%
11.42
Basic EPS
5.76
-50.00%
11.52
Basic Average Shares
3,366.75
-8.36%
3,673.75
Diluted Average Shares
3,399.90
-8.24%
3,705.25
Diluted NI Availto Com Stockholders
19,359.00
-54.24%
42,309.00
Total Other Finance Cost
-259.00
-139.91%
649.00
+2417.86%
-28.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
370,350.00
-4.45%
387,609.00
-4.59%
406,270.00
-8.30%
443,024.00
Current Assets
107,173.00
-16.22%
127,926.00
-4.61%
134,115.00
-19.18%
165,938.00
Cash Cash Equivalents And Short Term Investments
29,630.00
-21.69%
37,836.00
-1.25%
38,314.00
-4.43%
40,090.00
Cash And Cash Equivalents
29,630.00
-21.69%
37,836.00
-1.25%
38,314.00
-4.43%
40,090.00
Cash Equivalents
32,888.00
-2.23%
33,638.00
Cash Financial
5,886.00
-10.93%
6,608.00
Accounts Receivable
30,005.00
-3.34%
31,041.00
-14.42%
36,273.00
-7.78%
39,334.00
Gross Accounts Receivable
31,057.00
-1.62%
31,568.00
-14.39%
36,873.00
-8.71%
40,389.00
Allowance For Doubtful Accounts Receivable
-1,052.00
-99.62%
-527.00
+12.17%
-600.00
+43.13%
-1,055.00
Other Receivables
7,996.00
-6.22%
8,526.00
-15.57%
10,098.00
-16.52%
12,096.00
Taxes Receivable
2,080.00
+431.97%
391.00
-29.93%
558.00
+53.72%
363.00
Inventory
22,216.00
-5.17%
23,426.00
-9.97%
26,019.00
-18.42%
31,894.00
Raw Materials
1,592.00
-1.30%
1,613.00
-3.93%
1,679.00
+10.90%
1,514.00
Finished Goods
17,925.00
-11.31%
20,211.00
-9.09%
22,232.00
-20.09%
27,823.00
Prepaid Assets
4,322.00
-24.35%
5,713.00
-7.20%
6,156.00
-57.58%
14,511.00
Restricted Cash
586.00
-54.00%
1,274.00
+176.96%
460.00
+194.87%
156.00
Assets Held For Sale Current
1,030.00
-89.55%
9,857.00
+936.49%
951.00
-66.64%
2,851.00
Hedging Assets Current
9,114.00
-5.78%
9,673.00
-35.93%
15,098.00
-38.22%
24,437.00
Other Current Assets
-1.00
Total Non Current Assets
263,177.00
+1.35%
259,683.00
-4.58%
272,155.00
-1.78%
277,086.00
Net PPE
185,077.00
-0.08%
185,219.00
-4.94%
194,835.00
-1.92%
198,642.00
Gross PPE
444,938.00
+3.29%
430,746.00
-5.35%
455,070.00
+4.62%
434,961.00
Accumulated Depreciation
-259,861.00
-5.84%
-245,527.00
+5.65%
-260,235.00
-10.12%
-236,319.00
Properties
283,549.00
+1.18%
280,239.00
-4.78%
294,305.00
+1.98%
288,581.00
Other Properties
161,389.00
+7.23%
150,507.00
-6.38%
160,765.00
+9.83%
146,380.00
Goodwill And Other Intangible Assets
26,672.00
+4.55%
25,512.00
-5.21%
26,913.00
+4.72%
25,701.00
Goodwill
15,662.00
-2.31%
16,032.00
-3.77%
16,660.00
+3.87%
16,039.00
Other Intangible Assets
11,010.00
+16.14%
9,480.00
-7.54%
10,253.00
+6.12%
9,662.00
Long Term Equity Investment
27,775.00
+18.47%
23,445.00
-4.14%
24,457.00
+2.48%
23,864.00
Non Current Deferred Taxes Assets
8,173.00
+19.19%
6,857.00
+6.24%
6,454.00
-17.42%
7,815.00
Non Current Prepaid Assets
2,160.00
Other Non Current Assets
1.00
Total Liabilities Net Minority Interest
195,031.00
-5.98%
207,441.00
-4.80%
217,908.00
-12.99%
250,427.00
Current Liabilities
82,415.00
-13.28%
95,034.00
-0.45%
95,467.00
-21.30%
121,311.00
Payables
49,996.00
-7.59%
54,102.00
-7.56%
58,524.00
-15.51%
69,271.00
Accounts Payable
28,140.00
-5.47%
29,767.00
-13.95%
34,591.00
-18.86%
42,632.00
Other Payable
15,846.00
-2.47%
16,248.00
-6.65%
17,406.00
-5.91%
18,500.00
Total Tax Payable
6,010.00
-25.68%
8,087.00
+23.90%
6,527.00
-19.81%
8,139.00
Current Debt And Capital Lease Obligation
9,128.00
-21.51%
11,630.00
+17.11%
9,931.00
+10.33%
9,001.00
Current Debt
4,517.00
-34.73%
6,920.00
+30.86%
5,288.00
+14.46%
4,620.00
Current Capital Lease Obligation
4,611.00
-2.10%
4,710.00
+1.44%
4,643.00
+5.98%
4,381.00
Other Current Liabilities
-1.00
Total Non Current Liabilities Net Minority Interest
112,616.00
+0.19%
112,407.00
-8.19%
122,441.00
-5.17%
129,116.00
Long Term Debt And Capital Lease Obligation
66,515.00
+1.63%
65,448.00
-8.60%
71,610.00
-4.26%
74,794.00
Long Term Debt
42,193.00
+1.78%
41,456.00
-14.60%
48,544.00
-5.80%
51,532.00
Long Term Capital Lease Obligation
24,322.00
+1.38%
23,992.00
+4.01%
23,066.00
-0.84%
23,262.00
Long Term Provisions
21,411.00
+0.87%
21,227.00
-5.79%
22,531.00
-5.51%
23,845.00
Defined Pension Benefit
5,052.00
-49.50%
10,003.00
+9.31%
9,151.00
-10.28%
10,200.00
Non Current Pension And Other Postretirement Benefit Plans
7,136.00
+5.69%
6,752.00
-10.56%
7,549.00
+3.47%
7,296.00
Tradeand Other Payables Non Current
4,463.00
+35.65%
3,290.00
+6.03%
3,103.00
-9.59%
3,432.00
Non Current Deferred Taxes Liabilities
11,983.00
-11.27%
13,505.00
-12.00%
15,347.00
-5.18%
16,186.00
Other Non Current Liabilities
-1.00
Stockholders Equity
174,392.00
-2.20%
178,307.00
-4.45%
186,607.00
-2.03%
190,472.00
Common Stock Equity
174,392.00
-2.20%
178,307.00
-4.45%
186,607.00
-2.03%
190,472.00
Capital Stock
477.00
-6.47%
510.00
-6.25%
544.00
-6.85%
584.00
Common Stock
477.00
-6.47%
510.00
-6.25%
544.00
-6.85%
584.00
Share Issued
5,718.64
-6.48%
6,115.03
-6.27%
6,524.11
-6.85%
7,003.50
Ordinary Shares Number
5,689.89
-6.48%
6,084.23
-6.74%
6,524.11
-6.85%
7,003.50
Treasury Shares Number
28.74
-6.67%
30.80
0.00
0.00
Additional Paid In Capital
457.00
+7.78%
424.00
+8.72%
390.00
+11.43%
350.00
Retained Earnings
153,528.00
-3.34%
158,834.00
-4.27%
165,915.00
-2.10%
169,482.00
Treasury Stock
847.00
+5.48%
803.00
-19.46%
997.00
+37.33%
726.00
Minority Interest
927.00
-50.19%
1,861.00
+6.04%
1,755.00
-17.41%
2,125.00
Total Equity Gross Minority Interest
175,319.00
-2.69%
180,168.00
-4.35%
188,362.00
-2.20%
192,597.00
Total Capitalization
216,585.00
-1.45%
219,763.00
-6.54%
235,151.00
-2.83%
242,004.00
Working Capital
24,758.00
-24.73%
32,892.00
-14.89%
38,648.00
-13.40%
44,627.00
Invested Capital
221,102.00
-2.46%
226,683.00
-5.72%
240,439.00
-2.51%
246,624.00
Total Debt
75,643.00
-1.86%
77,078.00
-5.47%
81,541.00
-2.69%
83,795.00
Net Debt
17,080.00
+62.05%
10,540.00
-32.08%
15,518.00
-3.39%
16,062.00
Capital Lease Obligations
28,933.00
+0.80%
28,702.00
+3.58%
27,709.00
+0.24%
27,643.00
Net Tangible Assets
147,720.00
-3.32%
152,795.00
-4.32%
159,694.00
-3.08%
164,771.00
Tangible Book Value
147,720.00
-3.32%
152,795.00
-4.32%
159,694.00
-3.08%
164,771.00
Available For Sale Securities
1,478.00
-30.32%
2,121.00
-26.61%
2,890.00
+1.72%
2,841.00
Current Provisions
5,884.00
+31.66%
4,469.00
+10.59%
4,041.00
+38.87%
2,910.00
Derivative Product Liabilities
1,108.00
-49.29%
2,185.00
-5.04%
2,301.00
-35.42%
3,563.00
Financial Assets
619.00
+65.51%
374.00
-53.31%
801.00
+37.63%
582.00
Financial Assets Designatedas Fair Value Through Profitor Loss Total
40.00
-58.76%
97.00
-70.43%
328.00
-34.40%
500.00
Held To Maturity Securities
39.00
+5.41%
37.00
+32.14%
28.00
+33.33%
21.00
Investmentin Financial Assets
1,557.00
-30.95%
2,255.00
-30.53%
3,246.00
-3.45%
3,362.00
Investmentsin Associatesat Cost
7,662.00
+8.30%
7,075.00
+3.92%
6,808.00
Investmentsin Joint Venturesat Cost
15,783.00
-9.20%
17,382.00
+1.91%
17,056.00
Non Current Accrued Expenses
253.00
Other Equity Interest
1,359.00
-4.09%
1,417.00
+8.33%
1,308.00
+14.74%
1,140.00
Other Inventories
2,699.00
+68.48%
1,602.00
-24.00%
2,108.00
-17.56%
2,557.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
42,863.00
-21.62%
54,687.00
+0.92%
54,191.00
-20.79%
68,414.00
Net Income From Continuing Operations
29,756.00
-0.55%
29,922.00
-8.29%
32,627.00
-49.66%
64,815.00
Depreciation
22,167.00
-2.36%
22,703.00
-1.74%
23,106.00
+3.18%
22,393.00
Depreciation And Amortization
22,167.00
-2.36%
22,703.00
-1.74%
23,106.00
+3.18%
22,393.00
Other Non Cash Items
1,547.00
-50.51%
3,126.00
+53.99%
2,030.00
-60.67%
5,161.00
Pension And Employee Benefit Expense
-341.00
-4.60%
-326.00
-781.08%
-37.00
-108.87%
417.00
Gain Loss On Investment Securities
-3,288.00
-218.61%
2,772.00
+146.44%
-5,969.00
-83.04%
-3,261.00
Change In Working Capital
-1,803.00
-187.44%
2,062.00
-71.14%
7,145.00
+231.49%
-5,434.00
Change In Receivables
2,240.00
-65.95%
6,578.00
-46.96%
12,401.00
+237.96%
-8,989.00
Change In Inventory
1,916.00
+50.51%
1,273.00
-79.87%
6,325.00
+175.66%
-8,360.00
Change In Payable
-5,959.00
-2.94%
-5,789.00
+50.01%
-11,581.00
-197.20%
11,915.00
Investing Cash Flow
-16,811.00
-10.93%
-15,155.00
+14.54%
-17,734.00
+21.00%
-22,448.00
Net PPE Purchase And Sale
1,148.00
-29.18%
1,621.00
-36.80%
2,565.00
+79.25%
1,431.00
Sale Of PPE
1,148.00
-29.18%
1,621.00
-36.80%
2,565.00
+79.25%
1,431.00
Capital Expenditure
-18,947.00
+3.34%
-19,601.00
+14.75%
-22,993.00
-1.74%
-22,600.00
Capital Expenditure Reported
-18,947.00
+3.34%
-19,601.00
+14.75%
-22,993.00
-1.74%
-22,600.00
Net Investment Purchase And Sale
-49.00
-109.76%
502.00
+443.84%
-146.00
-2.10%
-143.00
Purchase Of Investment
-82.00
-2.50%
-80.00
+59.39%
-197.00
+24.23%
-260.00
Sale Of Investment
33.00
-94.33%
582.00
+1041.18%
51.00
-56.41%
117.00
Net Business Purchase And Sale
-681.00
+16.34%
-814.00
-11.81%
-728.00
+50.21%
-1,462.00
Purchase Of Business
-1,886.00
-34.33%
-1,404.00
-16.81%
-1,202.00
+39.08%
-1,973.00
Net Other Investing Changes
-238.00
-132.25%
738.00
-48.89%
1,444.00
+348.97%
-580.00
Financing Cash Flow
-35,812.00
+6.82%
-38,435.00
-0.52%
-38,235.00
+8.86%
-41,954.00
Net Issuance Payments Of Debt
-9,148.00
+4.90%
-9,619.00
+2.17%
-9,832.00
-24.90%
-7,872.00
Issuance Of Debt
2,920.00
+704.41%
363.00
-64.72%
1,029.00
+282.53%
269.00
Repayment Of Debt
-11,806.00
-22.06%
-9,672.00
+9.18%
-10,650.00
-25.90%
-8,459.00
Long Term Debt Issuance
2,920.00
+704.41%
363.00
-64.72%
1,029.00
+282.53%
269.00
Long Term Debt Payments
-11,806.00
-22.06%
-9,672.00
+9.18%
-10,650.00
-25.90%
-8,459.00
Net Long Term Debt Issuance
-8,886.00
+4.54%
-9,309.00
+3.24%
-9,621.00
-17.47%
-8,190.00
Net Short Term Debt Issuance
-262.00
+15.48%
-310.00
-46.92%
-211.00
-166.35%
318.00
Net Common Stock Issuance
-15,179.00
-3.35%
-14,687.00
+5.28%
-15,506.00
+18.52%
-19,030.00
Common Stock Payments
-13,879.00
+5.50%
-14,687.00
-0.48%
-14,617.00
+20.72%
-18,437.00
Common Stock Dividend Paid
-8,472.00
+2.26%
-8,668.00
-3.28%
-8,393.00
-13.34%
-7,405.00
Cash Dividends Paid
-8,472.00
+2.26%
-8,668.00
-3.28%
-8,393.00
-13.34%
-7,405.00
Repurchase Of Capital Stock
-13,879.00
+0.14%
-13,898.00
+4.92%
-14,617.00
+20.72%
-18,437.00
Net Other Financing Charges
1,238.00
+303.28%
-609.00
-186.88%
701.00
+118.62%
-3,764.00
Changes In Cash
-9,760.00
-989.70%
1,097.00
+161.70%
-1,778.00
-144.32%
4,012.00
Effect Of Exchange Rate Changes
866.00
+213.80%
-761.00
-348.69%
306.00
+141.58%
-736.00
Beginning Cash Position
39,110.00
+0.87%
38,774.00
-3.66%
40,246.00
+8.86%
36,970.00
End Cash Position
30,216.00
-22.74%
39,110.00
+0.87%
38,774.00
-3.66%
40,246.00
Free Cash Flow
23,916.00
-31.84%
35,086.00
+12.46%
31,198.00
-31.90%
45,814.00
Common Stock Issuance
-1,300.00
-64.77%
-789.00
+11.25%
-889.00
-49.92%
-593.00
Dividend Received CFO
4,572.00
+25.88%
3,632.00
-1.14%
3,674.00
-16.46%
4,398.00
Interest Paid CFF
-4,104.00
+9.94%
-4,557.00
-2.61%
-4,441.00
-20.78%
-3,677.00
Interest Received CFI
1,956.00
-18.47%
2,399.00
+12.95%
2,124.00
+134.44%
906.00
Issuance Of Capital Stock
-1,300.00
-64.77%
-789.00
+11.25%
-889.00
-49.92%
-593.00
Other Cash Adjustment Outside Changein Cash
1.00
Sale Of Business
1,205.00
+104.24%
590.00
+24.47%
474.00
-7.24%
511.00
Taxes Refund Paid
-11,638.00
+3.03%
-12,002.00
+12.47%
-13,712.00
-4.51%
-13,120.00
SEC Filings

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