Shell plc (LON:SHEL)

Shell Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	296,601	266,886	284,312	316,620	381,314	261,504
Revenue Growth	9.04%	-6.13%	-10.20%	-16.97%	45.82%	44.84%
Gross Profit Gross Profit Growth	77,391	67,794	72,813	78,497	97,308	62,770
Operating Income Operating Income Growth	39,311	29,834	33,452	34,630	64,331	24,814
Net Income Net Income Growth	25,971	17,837	16,094	19,359	42,309	20,101
Earnings Per Share EPS Growth	4.50	3.00	2.53	2.85	5.71	2.57
EPS Growth	103.11%	18.58%	-11.23%	-50.09%	122.18%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Integrated Gas Integrated Gas Growth	38,304	38,457	37,290	37,645	54,751	29,922
Upstream Upstream Growth	5,603	5,105	6,606	6,475	8,352	9,182
Marketing Marketing Growth	125,239	111,854	120,089	130,560	120,639	83,494
Chemicals & Products Chemicals & Products Growth	90,529	77,071	90,918	97,079	144,342	116,448
Renewables & Energy Solutions Renewables & Energy Solutions Growth	36,906	34,359	29,366	44,819	53,190	22,416
Revenue (Total) Revenue (Total) Growth	296,601	266,886	284,312	316,620	381,314	261,504

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	31,374	30,216	39,110	38,774	40,246	36,970
Total Debt Total Debt Growth	73,076	75,688	77,142	81,639	83,795	89,086
Net Cash (Debt) Net Cash Growth	-41,702	-45,472	-38,032	-42,865	-43,549	-52,116
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-7.24	-7.64	-5.98	-6.30	-5.88	-6.68

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	49,140	42,863	54,687	54,191	68,414	45,104
Capital Expenditures CapEx Growth	-17,593	-18,947	-19,601	-22,993	-22,600	-19,000
Free Cash Flow Free Cash Flow Growth	31,547	23,916	35,086	31,198	45,814	26,104
Free Cash Flow Growth	9.73%	-31.84%	12.46%	-31.90%	75.51%	48.99%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	26.09%	25.40%	25.61%	24.79%	25.52%	24.00%
Operating Margin	13.25%	11.18%	11.77%	10.94%	16.87%	9.49%
Pretax Margin	13.45%	11.15%	10.52%	10.30%	17.00%	11.41%
Profit Margin	8.76%	6.68%	5.66%	6.11%	11.10%	7.69%
FCF Margin	10.64%	8.96%	12.34%	9.85%	12.02%	9.98%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.153	1.446	1.390	1.294	1.038	0.893
Dividend Per Share Growth	4.61%	4.03%	7.46%	24.68%	16.12%	36.83%
Dividend Yield	3.47%	4.03%	4.80%	4.40%	4.29%	4.89%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	9.78	11.83	11.78	11.04	4.64	8.35
Forward PE	8.75	11.09	8.00	7.49	5.35	7.27
P/FCF Ratio	7.75	8.82	5.40	6.85	4.28	6.43
PS Ratio	0.82	0.79	0.67	0.68	0.52	0.64

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 15, 2026

Data Sources Report a data error