Shell Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	33,053	39,110	38,774	40,246	36,970	31,830
Cash & Short-Term Investments	33,053	39,110	38,774	40,246	36,970	31,830
Cash Growth	-21.77%	0.87%	-3.66%	8.86%	16.15%	76.30%
Accounts Receivable	45,287	31,230	36,461	39,540	34,945	21,967
Other Receivables	-	8,917	10,656	12,459	9,288	7,977
Receivables	45,287	40,147	47,117	51,999	44,233	29,944
Inventory	22,913	23,426	26,019	31,894	25,258	19,457
Prepaid Expenses	-	5,713	6,156	14,511	8,975	3,681
Other Current Assets	19,922	19,530	16,049	27,288	13,329	7,042
Total Current Assets	121,175	127,926	134,115	165,938	128,765	91,954
Property, Plant & Equipment	183,907	185,219	194,835	198,642	194,932	209,700
Long-Term Investments	25,321	25,700	27,703	27,226	27,212	25,673
Goodwill	16,034	16,032	16,660	16,039	14,920	14,039
Other Intangible Assets	9,546	9,480	10,253	9,662	9,773	8,671
Long-Term Accounts Receivable	7,472	875	1,032	1,090	1,285	1,380
Long-Term Deferred Tax Assets	8,088	6,857	6,454	7,815	12,426	16,311
Other Long-Term Assets	6,195	15,520	15,218	16,612	15,066	11,540
Total Assets	377,738	387,609	406,270	443,024	404,379	379,268
Accounts Payable	56,816	29,767	34,591	42,632	34,136	22,664
Accrued Expenses	-	14,945	16,558	18,546	14,959	11,959
Short-Term Debt	-	642	845	1,026	515	7,535
Current Portion of Long-Term Debt	10,022	6,298	4,521	3,594	3,565	5,221
Current Portion of Leases	-	4,710	4,643	4,381	4,138	4,143
Current Income Taxes Payable	3,447	4,648	3,422	4,869	3,254	3,111
Other Current Liabilities	19,336	34,024	30,887	46,263	34,980	19,075
Total Current Liabilities	89,621	95,034	95,467	121,311	95,547	73,708
Long-Term Debt	35,384	41,500	48,564	51,532	57,499	66,838
Long-Term Leases	28,571	23,992	23,066	23,262	23,369	24,277
Pension & Post-Retirement Benefits	7,632	6,752	7,549	7,296	11,325	15,605
Long-Term Deferred Tax Liabilities	11,955	13,505	15,347	16,186	12,547	10,463
Other Long-Term Liabilities	26,753	26,658	27,915	30,840	28,766	29,840
Total Liabilities	199,916	207,441	217,908	250,427	229,053	220,731
Common Stock	485	510	544	584	641	651
Additional Paid-In Capital	154	154	154	154	154	154
Retained Earnings	155,156	158,834	165,915	169,482	153,026	142,616
Comprehensive Income & Other	20,028	18,809	19,994	20,252	18,145	11,889
Total Common Equity	175,823	178,307	186,607	190,472	171,966	155,310
Minority Interest	1,999	1,861	1,755	2,125	3,360	3,227
Shareholders' Equity	177,822	180,168	188,362	192,597	175,326	158,537
Total Liabilities & Equity	377,738	387,609	406,270	443,024	404,379	379,268
Total Debt	73,977	77,142	81,639	83,795	89,086	108,014
Net Cash (Debt)	-40,924	-38,032	-42,865	-43,549	-52,116	-76,184
Net Cash Per Share	-6.76	-5.98	-6.30	-5.88	-6.68	-9.77
Filing Date Shares Outstanding	5,811	6,044	6,477	6,948	7,622	7,773
Total Common Shares Outstanding	5,811	6,115	6,524	7,004	7,655	7,773
Working Capital	31,554	32,892	38,648	44,627	33,218	18,246
Book Value Per Share	30.25	29.16	28.60	27.20	22.46	19.98
Tangible Book Value	150,243	152,795	159,694	164,771	147,273	132,600
Tangible Book Value Per Share	25.85	24.99	24.48	23.53	19.24	17.06

Source: S&P Global Market Intelligence. Standard template. Financial Sources.