Shell plc (PRA: SHELL)

Shell Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	302,025	316,620	381,314	261,504	180,543	344,877
Revenue Growth (YoY)	-15.77%	-16.97%	45.82%	44.84%	-47.65%	-11.20%
Cost of Revenue	224,767	238,123	284,006	198,734	141,094	279,421
Gross Profit	77,258	78,497	97,308	62,770	39,449	65,456
Selling, General & Admin	13,137	13,433	12,883	11,328	9,881	10,493
Research & Development	1,212	1,287	1,075	815	907	962
Other Operating Expenses	-677	-677	-477	-341	-	-
Operating Expenses	43,019	43,099	32,428	37,615	57,671	41,901
Operating Income	34,239	35,398	64,880	25,155	-18,222	23,555
Interest Expense	-4,697	-4,673	-3,181	-3,607	-4,089	-4,690
Interest & Investment Income	2,490	2,362	1,262	602	701	922
Earnings From Equity Investments	3,731	3,725	3,972	4,097	1,783	3,604
Currency Exchange Gain (Loss)	-1,332	-458	-340	118	-391	5
Other Non Operating Income (Expenses)	11	-	-	-	273	179
EBT Excluding Unusual Items	34,442	36,354	66,593	26,365	-19,945	23,575
Impairment of Goodwill	-635	-635	-361	-167	-276	-
Gain (Loss) on Sale of Assets	301	257	642	5,995	286	2,519
Asset Writedown	-2,736	-3,349	-933	-2,364	-7,032	-609
Other Unusual Items	-	-	-1,126	-	-	-
Pretax Income	31,372	32,627	64,815	29,829	-26,967	25,485
Income Tax Expense	12,573	12,991	21,941	9,199	-5,433	9,053
Earnings From Continuing Operations	18,799	19,636	42,874	20,630	-21,534	16,432
Minority Interest in Earnings	-409	-277	-565	-529	-146	-590
Net Income	18,390	19,359	42,309	20,101	-21,680	15,842
Net Income to Common	18,390	19,359	42,309	20,101	-21,680	15,842
Net Income Growth	-36.58%	-54.24%	110.48%	-	-	-32.16%
Shares Outstanding (Basic)	6,504	6,734	7,348	7,762	7,796	8,058
Shares Outstanding (Diluted)	6,571	6,800	7,411	7,807	7,796	8,113
Shares Change (YoY)	-7.11%	-8.24%	-5.08%	0.14%	-3.91%	-2.83%
EPS (Basic)	2.83	2.88	5.76	2.59	-2.78	1.97
EPS (Diluted)	2.80	2.85	5.71	2.57	-2.78	1.95
EPS Growth	-31.73%	-50.09%	122.18%	-	-	-30.36%
Free Cash Flow	31,097	31,198	45,814	26,104	17,520	19,207
Free Cash Flow Per Share	4.73	4.59	6.18	3.34	2.25	2.37
Dividend Per Share	1.363	1.294	1.038	0.893	0.653	1.880
Dividend Growth	17.91%	24.67%	16.12%	36.83%	-65.27%	0%
Gross Margin	25.58%	24.79%	25.52%	24.00%	21.85%	18.98%
Operating Margin	11.34%	11.18%	17.01%	9.62%	-10.09%	6.83%
Profit Margin	6.09%	6.11%	11.10%	7.69%	-12.01%	4.59%
Free Cash Flow Margin	10.30%	9.85%	12.01%	9.98%	9.70%	5.57%
EBITDA	45,334	46,218	78,866	50,184	27,729	53,008
EBITDA Margin	15.01%	14.60%	20.68%	19.19%	15.36%	15.37%
D&A For EBITDA	11,095	10,820	13,986	25,029	45,951	29,453
EBIT	34,239	35,398	64,880	25,155	-18,222	23,555
EBIT Margin	11.34%	11.18%	17.01%	9.62%	-10.09%	6.83%
Effective Tax Rate	40.08%	39.82%	33.85%	30.84%	-	35.52%
Revenue as Reported	307,902	323,183	386,201	272,657	183,195	352,106

Source: S&P Capital IQ. Standard template. Financial Sources.