| 30.10.25 |  | Shell (ex Royal Dutch Shell) Kaufen | DZ BANK | 
					
							| 30.10.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 30.10.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 30.10.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 28.10.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 09.10.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 08.10.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 07.10.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
						
							|  | 
					
							| 07.10.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 03.10.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 25.09.25 |  | Shell (ex Royal Dutch Shell) Buy | Joh. Berenberg, Gossler & Co. KG (Berenberg Bank) | 
					
							| 23.09.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 09.09.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 03.09.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 28.08.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 27.08.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 12.08.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 08.08.25 |  | Shell (ex Royal Dutch Shell) Buy | Goldman Sachs Group Inc. | 
					
							| 08.08.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 08.08.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 04.08.25 |  | Shell (ex Royal Dutch Shell) Buy | Joh. Berenberg, Gossler & Co. KG (Berenberg Bank) | 
					
							| 01.08.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 29.07.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 16.07.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 08.07.25 |  | Shell (ex Royal Dutch Shell) Buy | Joh. Berenberg, Gossler & Co. KG (Berenberg Bank) | 
					
							| 07.07.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 07.07.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 07.07.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 07.07.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 02.07.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 30.06.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 26.06.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 17.06.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 09.06.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 19.05.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 08.05.25 |  | Shell (ex Royal Dutch Shell) Buy | Goldman Sachs Group Inc. | 
					
							| 07.05.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 07.05.25 |  | Shell (ex Royal Dutch Shell) Buy | Joh. Berenberg, Gossler & Co. KG (Berenberg Bank) | 
					
							| 07.05.25 |  | Shell (ex Royal Dutch Shell) Buy | Goldman Sachs Group Inc. | 
					
							| 06.05.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 02.05.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 02.05.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 02.05.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 02.05.25 |  | Shell (ex Royal Dutch Shell) Buy | Jefferies & Company Inc. | 
					
							| 02.05.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 02.05.25 |  | Shell (ex Royal Dutch Shell) Buy | UBS AG | 
					
							| 29.04.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets | 
					
							| 22.04.25 |  | Shell (ex Royal Dutch Shell) Buy | Joh. Berenberg, Gossler & Co. KG (Berenberg Bank) | 
					
							| 14.04.25 |  | Shell (ex Royal Dutch Shell) Overweight | JP Morgan Chase & Co. | 
					
							| 08.04.25 |  | Shell (ex Royal Dutch Shell) Outperform | RBC Capital Markets |