SEC filings · customer concentration

Who depends on Shell Trading US

1 listed supplier reports Shell Trading US as a customer worth 10% or more of their revenue, led by Talos Energy at 35%.

0major customers now
—of revenue from them
1listed suppliers depending on it
2013–2026years covered
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Suppliers that depend on Shell Trading US

Listed companies whose annual report names Shell Trading US as a customer worth 10% or more of their revenue. If Shell Trading US cuts orders or switches supplier, these are the companies that feel it.

SupplierIts revenue from this companyChange vs prior yearHistoryLatest filing
Talos EnergyTALO35%▼ from 48%FY 2016: 68%FY 2017: 80%FY 2018: 65%FY 2019: 58%FY 2020: 47%FY 2021: 45%FY 2022: 44%FY 2023: 54%FY 2024: 48%FY 2025: 35%10 yearsFY 2025 · filed 25 Feb 2026

Formerly disclosed

SupplierIts revenue from this companyChange vs prior yearHistoryLatest filing
Diamondback EnergyFANG13%last FY 2024FY 2013: 37%FY 2014: 64%FY 2015: 59%FY 2016: 45%FY 2017: 31%FY 2018: 26%FY 2019: 27%FY 2020: 22%FY 2021: 19%FY 2022: 20%FY 2023: 14%FY 2024: 13%12 yearsFY 2024 · filed 26 Feb 2025
W&T OffshoreWTI11%last FY 2019FY 2014: 47%FY 2015: 50%FY 2016: 43%FY 2017: 46%FY 2018: 30%FY 2019: 11%6 yearsFY 2019 · filed 9 Mar 2022

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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