Handling exit code returned by python in shell script

You mean the $? variable?

$ python -c 'import foobar' > /dev/null
Traceback (most recent call last):
  File "<string>", line 1, in <module>
ImportError: No module named foobar
$ echo $?
1
$ python -c 'import this' > /dev/null
$ echo $?
0

The exit code of last command is contained in $?.

Use below pseudo code:

python myPythonScript.py
ret=$?
if [ $ret -ne 0 ]; then
     #Handle failure
     #exit if required
fi