Shell plc (SHEL)

Shell Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	271,147	284,312	316,620	381,314	261,504	180,543
Revenue Growth (YoY)	-10.22%	-10.20%	-16.97%	45.82%	44.84%	-47.65%
Cost of Revenue	204,219	211,499	238,123	284,006	198,734	141,094
Gross Profit	66,928	72,813	78,497	97,308	62,770	39,449
Selling, General & Admin	12,287	12,439	13,433	12,883	11,328	9,881
Research & Development	1,088	1,099	1,287	1,075	815	907
Operating Expenses	37,196	39,361	43,867	32,977	37,956	57,671
Operating Income	29,732	33,452	34,630	64,331	24,814	-18,222
Interest Expense	-4,582	-4,787	-4,673	-3,181	-3,607	-4,089
Interest & Investment Income	2,455	2,455	2,362	1,262	602	701
Earnings From Equity Investments	2,993	2,993	3,725	3,972	4,097	1,783
Currency Exchange Gain (Loss)	-1,025	-1,025	-458	-340	118	-391
Other Non Operating Income (Expenses)	584	582	677	477	341	273
EBT Excluding Unusual Items	30,157	33,670	36,263	66,521	26,365	-19,945
Impairment of Goodwill	-510	-510	-635	-361	-167	-276
Gain (Loss) on Sale of Assets	-288	-288	257	642	5,995	286
Asset Writedown	-2,950	-2,950	-3,258	-861	-2,364	-7,032
Other Unusual Items	-	-	-	-1,126	-	-
Pretax Income	26,409	29,922	32,627	64,815	29,829	-26,967
Income Tax Expense	12,458	13,401	12,991	21,941	9,199	-5,433
Earnings From Continuing Operations	13,951	16,521	19,636	42,874	20,630	-21,534
Minority Interest in Earnings	-350	-427	-277	-565	-529	-146
Net Income	13,601	16,094	19,359	42,309	20,101	-21,680
Net Income to Common	13,601	16,094	19,359	42,309	20,101	-21,680
Net Income Growth	-26.04%	-16.87%	-54.24%	110.48%	-	-
Shares Outstanding (Basic)	6,095	6,300	6,734	7,348	7,762	7,796
Shares Outstanding (Diluted)	6,142	6,364	6,800	7,411	7,807	7,796
Shares Change (YoY)	-6.53%	-6.41%	-8.24%	-5.08%	0.14%	-3.91%
EPS (Basic)	2.23	2.55	2.88	5.76	2.59	-2.78
EPS (Diluted)	2.22	2.53	2.85	5.71	2.57	-2.78
EPS Growth	-20.90%	-11.23%	-50.09%	122.18%	-	-
Free Cash Flow	28,218	35,086	31,198	45,814	26,104	17,520
Free Cash Flow Per Share	4.59	5.51	4.59	6.18	3.34	2.25
Dividend Per Share	0.702	1.390	1.294	1.038	0.893	0.653
Dividend Growth	-48.50%	7.46%	24.68%	16.12%	36.83%	-65.27%
Gross Margin	24.68%	25.61%	24.79%	25.52%	24.00%	21.85%
Operating Margin	10.96%	11.77%	10.94%	16.87%	9.49%	-10.09%
Profit Margin	5.02%	5.66%	6.11%	11.10%	7.69%	-12.01%
Free Cash Flow Margin	10.41%	12.34%	9.85%	12.02%	9.98%	9.70%
EBITDA	47,424	53,058	58,087	82,519	49,843	27,729
EBITDA Margin	17.49%	18.66%	18.35%	21.64%	19.06%	15.36%
D&A For EBITDA	17,692	19,606	23,457	18,188	25,029	45,951
EBIT	29,732	33,452	34,630	64,331	24,814	-18,222
EBIT Margin	10.96%	11.77%	10.94%	16.87%	9.49%	-10.09%
Effective Tax Rate	47.17%	44.79%	39.82%	33.85%	30.84%	-
Revenue as Reported	275,865	289,029	323,183	386,201	272,657	183,195

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q