Shell plc (SHEL)
NYSE: SHEL · Real-Time Price · USD
99.09
-1.03 (-1.03%)
At close: Nov 6, 2026, 4:00 PM EST
99.98
+0.89 (0.90%)
After-hours: Nov 6, 2026, 7:58 PM EST
Shell Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 12,057 | 10,822 | 5,694 | 4,134 | 5,322 | 3,601 | 4,780 | 928 | 4,291 | 3,517 | 7,358 | 472 | 7,044 | 3,134 | 8,709 | 10,410 | 6,743 | 18,040 | 7,116 | 11,461 |
Depreciation & Amortization | 6,144 | 5,558 | 5,739 | 6,724 | 5,872 | 5,669 | 5,159 | 7,187 | 5,728 | 5,911 | 6,207 | 10,519 | 5,901 | 5,912 | 5,932 | 1,039 | 5,884 | 5,797 | 5,467 | 6,754 |
Loss (Gain) From Sale of Assets | -1,069 | -642 | -64 | -2,121 | -1,068 | -128 | 127 | 288 | 154 | -143 | -10 | -222 | 74 | -53 | -45 | -21 | -93 | -334 | -193 | -3,679 |
Asset Writedown & Restructuring Costs | 742 | 623 | 5 | -49 | 784 | 1,207 | 310 | 982 | 338 | 1,913 | 228 | 944 | 196 | 2,164 | 589 | 5,814 | 458 | -5,956 | 907 | -238 |
Loss (Gain) on Equity Investments | -883 | -642 | 93 | 216 | -507 | -712 | -615 | 157 | -933 | -898 | -1,318 | -768 | -747 | -629 | -1,581 | 268 | -2,512 | -2,031 | 303 | -975 |
Other Operating Activities | 4,690 | 2,269 | 5,773 | -741 | 1,832 | 2,686 | 2,183 | 1,217 | 2,440 | 3,466 | 3,617 | -1,060 | -357 | -285 | 1,201 | -5,496 | 6,217 | 7,382 | 8,639 | -2,183 |
Change in Accounts Receivable | -6,681 | 1,593 | -10,404 | 646 | 569 | 3,635 | -2,610 | 751 | 4,057 | 1,965 | -195 | -704 | -1,126 | 8,289 | 5,943 | 5,179 | -98 | -4,066 | -10,005 | -6,799 |
Change in Inventory | -3,269 | 3,739 | -6,686 | 738 | 352 | -27 | 854 | 130 | 2,705 | -954 | -608 | 4,088 | -3,151 | 1,171 | 4,217 | 2,903 | 484 | -6,833 | -4,914 | -860 |
Change in Accounts Payable | 9,312 | -1,887 | 5,912 | -109 | -949 | -3,994 | -907 | 1,525 | -4,096 | -1,269 | -1,949 | -700 | 4,498 | -4,573 | -10,806 | 2,309 | -4,544 | 6,656 | 7,495 | 4,688 |
Operating Cash Flow | 21,043 | 21,433 | 6,062 | 9,438 | 12,207 | 11,937 | 9,281 | 13,165 | 14,684 | 13,508 | 13,330 | 12,569 | 12,332 | 15,130 | 14,159 | 22,405 | 12,539 | 18,655 | 14,815 | 8,169 |
Operating Cash Flow Growth (YoY) | 72.39% | 79.55% | -34.68% | -28.31% | -16.87% | -11.63% | -30.38% | 4.74% | 19.07% | -10.72% | -5.85% | -43.90% | -1.65% | -18.90% | -4.43% | 174.27% | -21.75% | 47.86% | 78.62% | 29.94% |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -7,578 | -4,031 | -3,757 | -5,249 | -4,557 | -5,450 | -3,748 | -6,487 | -4,690 | -4,445 | -3,980 | -6,960 | -5,259 | -4,614 | -6,161 | -6,418 | -5,268 | -6,677 | -4,237 | -6,236 |
Sale of Property, Plant & Equipment | 2,455 | 366 | 272 | -101 | 747 | - | 559 | 493 | 94 | 710 | 323 | 541 | 184 | 362 | 1,479 | 52 | 39 | 783 | 557 | 8,843 |
Investment in Securities | -149 | -103 | -365 | -613 | 675 | -403 | -390 | -126 | -160 | -215 | 189 | -80 | -315 | -398 | -81 | -717 | 81 | -292 | -677 | 24 |
Other Investing Activities | 551 | -140 | 714 | 774 | 878 | 447 | -380 | 1,688 | 899 | 612 | -60 | 845 | 563 | 1,635 | 525 | 165 | 99 | -21 | 84 | -53 |
Investing Cash Flow | -4,721 | -3,908 | -3,136 | -5,189 | -2,257 | -5,406 | -3,959 | -4,432 | -3,857 | -3,338 | -3,528 | -5,654 | -4,827 | -3,015 | -4,238 | -6,918 | -5,049 | -6,207 | -4,273 | 2,578 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | 10 | - | - | - | 80 | - | - | - | - | - | 88 | - | - | - | - | 640 | 131 | - |
Long-Term Debt Issued | 33 | - | - | - | 176 | 180 | 139 | - | 78 | 132 | 167 | - | 187 | 362 | 415 | - | 103 | 35 | 101 | - |
Total Debt Issued | 33 | 190 | 10 | 2,425 | 176 | 180 | 219 | -14 | 78 | 132 | 167 | 65 | 275 | 362 | 415 | -218 | 103 | 675 | 232 | 1,570 |
Short-Term Debt Repaid | -182 | - | - | - | -72 | -208 | - | - | -89 | -179 | -107 | - | - | -186 | -86 | - | -206 | - | - | - |
Long-Term Debt Repaid | -4,536 | - | -2,794 | - | -2,801 | -4,075 | -2,514 | - | -1,322 | -4,154 | -1,532 | - | -3,368 | -1,774 | -1,453 | - | -1,171 | -2,531 | -2,541 | - |
Total Debt Repaid | -4,718 | -3,024 | -2,794 | -2,478 | -2,873 | -4,283 | -2,514 | -2,599 | -1,411 | -4,333 | -1,639 | -4,080 | -3,368 | -1,960 | -1,539 | -2,216 | -1,377 | -2,531 | -2,541 | -7,850 |
Net Debt Issued (Repaid) | -4,685 | -2,834 | -2,784 | -53 | -2,697 | -4,103 | -2,295 | -2,613 | -1,333 | -4,201 | -1,472 | -4,015 | -3,093 | -1,598 | -1,124 | -2,434 | -1,274 | -1,856 | -2,309 | -6,280 |
Repurchase of Common Stock | -3,183 | -2,977 | -3,605 | -3,798 | -3,765 | -3,538 | -4,079 | -3,888 | -3,537 | -3,982 | -3,286 | -4,690 | -2,755 | -3,624 | -4,523 | -5,017 | -4,975 | -5,541 | -3,575 | -1,955 |
Common Dividends Paid | -2,152 | -2,164 | -2,100 | -2,069 | -2,103 | -2,122 | -2,179 | -2,114 | -2,167 | -2,177 | -2,210 | -2,201 | -2,179 | -1,983 | -2,029 | -1,785 | -1,818 | -1,851 | -1,950 | -1,839 |
Other Financing Activities | -1,222 | -1,191 | -1,331 | -1,130 | -908 | -343 | -630 | -2,275 | -415 | -1,486 | -1,280 | -794 | -1,120 | -1,798 | -709 | -2,842 | -1,640 | -1,902 | -1,185 | -1,690 |
Financing Cash Flow | -11,242 | -9,166 | -9,820 | -7,050 | -9,473 | -10,106 | -9,183 | -10,890 | -7,452 | -11,846 | -8,248 | -11,700 | -9,147 | -9,003 | -8,385 | -12,078 | -9,707 | -11,150 | -9,019 | -11,764 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -29 | -101 | -205 | -36 | -106 | 655 | 353 | -985 | 729 | -126 | -379 | 528 | -421 | -93 | 293 | 860 | -774 | -688 | -134 | -86 |
Miscellaneous Cash Flow Adjustments | - | -1 | - | - | - | 1 | -1 | - | - | 1 | - | - | - | 1 | -1 | - | -1 | -1 | - | -1 |
Net Cash Flow | 5,051 | 8,257 | -7,099 | -2,837 | 371 | -2,919 | -3,509 | -3,142 | 4,104 | -1,801 | 1,175 | -4,257 | -2,063 | 3,020 | 1,828 | 4,269 | -2,992 | 609 | 1,389 | -1,104 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 13,465 | 17,402 | 2,305 | 4,189 | 7,650 | 6,487 | 5,533 | 6,678 | 9,994 | 9,063 | 9,350 | 5,609 | 7,073 | 10,516 | 7,998 | 15,987 | 7,271 | 11,978 | 10,578 | 1,933 |
Free Cash Flow Growth (YoY) | 76.01% | 168.26% | -58.34% | -37.27% | -23.45% | -28.42% | -40.82% | 19.06% | 41.30% | -13.82% | 16.90% | -64.92% | -2.72% | -12.21% | -24.39% | 727.06% | -36.09% | 42.85% | 139.92% | 78.82% |
Free Cash Flow Margin | 14.50% | 18.38% | 3.31% | 6.54% | 11.22% | 9.92% | 7.99% | 10.08% | 14.06% | 12.17% | 12.90% | 7.12% | 9.26% | 14.10% | 9.20% | 15.78% | 7.59% | 11.97% | 12.56% | 2.27% |
Free Cash Flow Per Share | 2.38 | 3.09 | 0.40 | 0.72 | 1.29 | 1.08 | 0.91 | 1.07 | 1.58 | 1.41 | 1.44 | 0.85 | 1.05 | 1.53 | 1.15 | 2.24 | 0.99 | 1.59 | 1.38 | 0.25 |
Levered Free Cash Flow | 11,767 | 8,950 | -1,403 | 9,733 | 4,175 | 3,071 | 5,698 | 4,616 | 9,080 | 7,359 | 7,487 | 8,337 | 4,952 | 8,581 | 6,337 | 12,801 | 3,550 | 3,151 | 6,257 | 3,487 |
Unlevered Free Cash Flow | 12,497 | 9,647 | -481.88 | 10,479 | 4,978 | 3,743 | 6,398 | 5,375 | 9,813 | 8,130 | 8,215 | 9,066 | 5,659 | 9,338 | 7,065 | 13,451 | 4,009 | 3,586 | 6,702 | 4,090 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 954 | 1,166 | 1,037 | 1,197 | 848 | 1,212 | 846 | 1,380 | 979 | 1,287 | 911 | 1,365 | 1,049 | 1,158 | 869 | 1,183 | 747 | 1,090 | 657 | 1,258 |
Cash Income Tax Paid | 3,217 | 2,934 | 2,301 | 2,639 | 2,668 | 3,432 | 2,900 | 2,910 | 3,028 | 3,448 | 2,616 | 3,604 | 3,191 | 3,773 | 3,144 | 4,372 | 3,438 | 3,155 | 2,155 | 1,743 |
Change in Working Capital | -638 | 3,445 | -11,178 | 1,275 | -28 | -386 | -2,663 | 2,406 | 2,666 | -258 | -2,752 | 2,684 | 221 | 4,887 | -646 | 10,391 | -4,158 | -4,243 | -7,424 | -2,971 |