Shell Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	23,117	30,216	39,110	38,774	40,246	36,970
Cash & Short-Term Investments	23,117	30,216	39,110	38,774	40,246	36,970
Cash Growth	-35.07%	-22.74%	0.87%	-3.66%	8.86%	16.15%
Accounts Receivable	53,891	30,199	31,230	36,461	39,540	34,945
Other Receivables	-	10,076	8,917	10,656	12,459	9,288
Receivables	53,891	40,275	40,147	47,117	51,999	44,233
Inventory	28,700	22,216	23,426	26,019	31,894	25,258
Prepaid Expenses	-	4,322	5,713	6,156	14,511	8,975
Other Current Assets	13,453	10,144	19,530	16,049	27,288	13,329
Total Current Assets	119,161	107,173	127,926	134,115	165,938	128,765
Property, Plant & Equipment	185,708	185,077	185,219	194,835	198,642	194,932
Long-Term Investments	29,133	29,332	25,700	27,703	27,226	27,212
Goodwill	15,189	15,662	16,032	16,660	16,039	14,920
Other Intangible Assets	10,873	11,010	9,480	10,253	9,662	9,773
Long-Term Accounts Receivable	7,294	778	875	1,032	1,090	1,285
Long-Term Deferred Tax Assets	7,474	8,173	6,857	6,454	7,815	12,426
Other Long-Term Assets	5,766	13,145	15,520	15,218	16,612	15,066
Total Assets	380,598	370,350	387,609	406,270	443,024	404,379
Accounts Payable	64,288	28,140	29,767	34,591	42,632	34,136
Accrued Expenses	-	14,058	14,945	16,558	18,546	14,959
Short-Term Debt	-	506	642	845	1,026	515
Current Portion of Long-Term Debt	4,696	4,030	6,298	4,521	3,594	3,565
Current Portion of Leases	5,364	4,611	4,710	4,643	4,381	4,138
Current Income Taxes Payable	3,883	3,149	4,648	3,422	4,869	3,254
Other Current Liabilities	15,242	27,921	34,024	30,887	46,263	34,980
Total Current Liabilities	93,473	82,415	95,034	95,467	121,311	95,547
Long-Term Debt	40,356	42,219	41,500	48,564	51,532	57,499
Long-Term Leases	25,229	24,322	23,992	23,066	23,262	23,369
Pension & Post-Retirement Benefits	6,876	7,136	6,752	7,549	7,296	11,325
Long-Term Deferred Tax Liabilities	11,884	11,983	13,505	15,347	16,186	12,547
Other Long-Term Liabilities	28,179	26,956	26,658	27,915	30,840	28,766
Total Liabilities	205,997	195,031	207,441	217,908	250,427	229,053
Common Stock	471	477	510	544	584	641
Additional Paid-In Capital	154	154	154	154	154	154
Retained Earnings	153,450	153,528	158,834	165,915	169,482	153,026
Comprehensive Income & Other	19,508	20,233	18,809	19,994	20,252	18,145
Total Common Equity	173,583	174,392	178,307	186,607	190,472	171,966
Minority Interest	1,018	927	1,861	1,755	2,125	3,360
Shareholders' Equity	174,601	175,319	180,168	188,362	192,597	175,326
Total Liabilities & Equity	380,598	370,350	387,609	406,270	443,024	404,379
Total Debt	75,645	75,688	77,142	81,639	83,795	89,086
Net Cash (Debt)	-52,528	-45,472	-38,032	-42,865	-43,549	-52,116
Net Cash Per Share	-8.98	-7.64	-5.98	-6.30	-5.88	-6.68
Filing Date Shares Outstanding	5,639	5,661	6,044	6,477	6,948	7,622
Total Common Shares Outstanding	5,639	5,719	6,115	6,524	7,004	7,655
Working Capital	25,688	24,758	32,892	38,648	44,627	33,218
Book Value Per Share	30.79	30.50	29.16	28.60	27.20	22.46
Tangible Book Value	147,521	147,720	152,795	159,694	164,771	147,273
Tangible Book Value Per Share	26.16	25.83	24.99	24.48	23.53	19.24

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