Shell plc (SHEL)

Shell Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	30,125	29,756	29,922	32,627	64,815	29,829
Depreciation & Amortization	25,601	25,299	26,872	31,290	18,529	26,921
Other Adjustments	5,273	1,249	7,833	-3,159	3,210	4,197
Change in Receivables	-5,553	2,240	6,578	12,401	-8,989	-20,567
Changes in Inventories	-5,623	1,916	1,273	6,325	-8,360	-7,319
Changes in Accounts Payable	860	-5,959	-5,789	-11,581	12,329	17,519
Changes in Income Taxes Payable	-6,100	-11,638	-12,002	-13,712	-13,120	-5,476
Changes in Other Operating Activities	-1,869	-892	-2,752	-1,594	-4,570	-4,756
Operating Cash Flow	42,964	42,863	54,687	54,191	68,414	45,104
Operating Cash Flow Growth	-19.73%	-21.62%	0.92%	-20.79%	51.68%	32.25%
Capital Expenditures	-18,957	-18,947	-19,601	-22,993	-22,600	-19,000
Sale of Property, Plant & Equipment	861	1,148	1,621	2,565	1,431	14,233
Purchases of Investments	-1,985	-1,968	-1,484	-1,399	-2,233	-697
Proceeds from Sale of Investments	66	33	582	51	117	296
Proceeds from Business Divestments	1,214	1,205	590	474	511	584
Other Investing Activities	1,001	-238	738	1,444	-580	-600
Investing Cash Flow	-15,989	-16,811	-15,155	-17,734	-22,448	-4,761
Short-Term Debt Issued	-332	-262	-310	-211	318	14
Net Short-Term Debt Issued (Repaid)	-332	-262	-310	-211	318	14
Long-Term Debt Issued	2,425	-	-	-	-	-
Long-Term Debt Repaid	-5,210	-	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-2,785	-	-	-	-	-
Repurchase of Common Stock	-13,750	-13,879	-13,898	-14,617	-18,437	-2,889
Net Common Stock Issued (Repurchased)	-13,750	-13,879	-13,898	-14,617	-18,437	-2,889
Common Dividends Paid	-4,168	-	-	-	-	-
Other Financing Activities	-957	-1,318	-804	-911	-2,558	-266
Financing Cash Flow	-36,448	-35,812	-38,435	-38,235	-41,954	-34,664
Effect of Exchange Rate Changes on Cash and Cash Equivalents	305	866	-761	306	-736	-539
Net Cash Flow	-12,484	-8,894	336	-1,472	3,276	5,140
Free Cash Flow	24,007	23,916	35,086	31,198	45,814	26,104
Free Cash Flow Growth	0.38%	-31.84%	12.46%	-31.90%	75.51%	48.99%
FCF Margin	8.98%	8.96%	12.34%	9.85%	12.01%	9.98%
Free Cash Flow Per Share	8.20	8.04	11.03	9.18	12.36	6.69
Levered Free Cash Flow	9,546	7,354	3,785	6,883	24,835	28,004
Unlevered Free Cash Flow	12,066	6,574	4,561	6,234	23,954	23,300

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q