SEC filings · customer concentration · TALO

Talos Energy's major customers

Shell Trading US accounted for 35% of Talos Energy's revenue in FY 2025, down from 48% a year earlier.

3major customers now
70%of revenue from them
0listed suppliers depending on it
2016–2026years covered
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Major customers of Talos Energy

Customers that Talos Energy named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Shell Trading US35%▼ 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
Exxon MobilXOM23%▲ from 17%FY 2024: 17%FY 2025: 23%2 yearsFY 2025 · filed 25 Feb 2026
ChevronCVX12%from 10%FY 2024: 10%FY 2025: 12%2 yearsFY 2025 · filed 25 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Phillips Sixty Six22%last FY 2020FY 2017: 10%FY 2018: 18%FY 2019: 28%FY 2020: 22%4 yearsFY 2020 · filed 1 Mar 2023
Valero EnergyVLO21%last FY 2023FY 2021: 10%FY 2022: 23%FY 2023: 21%3 yearsFY 2023 · filed 25 Feb 2026
Chevron Products10%last FY 2024FY 2019: 10%FY 2020: 12%FY 2021: 29%FY 2022: 11%FY 2023: 10%FY 2024: 10%6 yearsFY 2024 · filed 27 Feb 2025
Chevron USA10%last FY 2018FY 2016: 14%FY 2017: 10%FY 2018: 10%3 yearsFY 2018 · filed 13 Mar 2019

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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