Shell plc (SHEL)

Shell Income Statement

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

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 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Operating Revenue	92,848	94,664	69,691	64,093	68,153	65,406	69,234	66,281	71,089	74,463	72,478	78,732	76,350	74,578	86,959	101,303	95,749	100,059	84,204	85,280
Other Revenue	-	-1	-	-	-	-1	1	1	-	1	-	-	-	-	-	-	-	-	-	-
Revenue	92,848	94,663	69,691	64,093	68,153	65,405	69,235	66,282	71,089	74,464	72,478	78,732	76,350	74,578	86,959	101,303	95,749	100,059	84,204	85,280
Revenue Growth (YoY)	36.23%	44.73%	0.66%	-3.30%	-4.13%	-12.17%	-4.47%	-15.81%	-6.89%	-0.15%	-16.65%	-22.28%	-20.26%	-25.47%	3.27%	18.79%	59.47%	65.34%	51.27%	93.87%
Cost of Revenue	66,328	70,005	50,520	47,931	50,754	49,008	51,398	49,449	54,363	55,010	52,677	61,552	55,528	57,533	63,510	72,709	76,594	73,017	61,686	63,096
Gross Profit	26,520	24,658	19,171	16,162	17,399	16,397	17,837	16,833	16,726	19,454	19,801	17,180	20,822	17,045	23,449	28,594	19,155	27,042	22,518	22,184
Selling, General & Admin	2,537	2,911	2,803	3,432	3,258	3,077	2,840	3,231	3,139	3,094	2,975	3,622	3,447	3,314	3,051	3,491	3,229	2,924	3,239	2,867
Research & Development	232	277	167	298	409	278	185	331	294	263	212	470	267	297	253	403	220	264	189	304
Operating Expenses	9,099	8,857	8,806	10,751	9,665	9,178	8,366	10,960	9,316	9,495	9,590	14,836	9,865	9,763	9,404	5,115	9,539	9,166	9,085	10,133
Operating Income	17,421	15,801	10,365	5,411	7,734	7,219	9,471	5,873	7,410	9,959	10,211	2,344	10,957	7,282	14,045	23,479	9,616	17,876	13,433	12,051
Interest Expense	-1,168	-1,114	-1,473	-1,193	-1,284	-1,075	-1,120	-1,214	-1,174	-1,235	-1,164	-1,166	-1,131	-1,211	-1,165	-1,041	-734	-695	-711	-964
Interest & Investment Income	432	276	436	473	484	603	482	573	623	646	611	608	625	628	500	459	348	342	112	192
Earnings From 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
Currency Exchange Gain (Loss)	15	-94	70	-34	82	-447	-137	267	-189	-1,169	66	-398	168	7	-236	-510	-12	166	15	70
Other Non Operating Income (Expenses)	75	191	-2	288	117	43	84	133	159	75	220	200	196	113	174	1,317	69	150	-1,056	28
EBT Excluding Unusual Items	17,658	15,702	9,303	4,729	7,640	7,055	9,395	5,475	7,762	9,174	11,262	2,356	11,562	7,448	14,899	23,436	11,799	19,870	11,490	12,352
Impairment of Goodwill	-	-	-	-161	-	-	-	-510	-	-	-	-635	-	-	-	-361	-	-	-	-167
Gain (Loss) on Sale of Assets	1,069	676	30	2,121	1,068	128	-127	-288	-154	143	10	222	-75	65	45	21	93	334	193	3,679
Asset Writedown	-742	-623	-5	210	-784	-1,207	-310	-472	-338	-1,913	-228	-309	-196	-2,164	-589	-5,525	-458	5,956	-907	405
Other Unusual Items	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,126	-	-	-	-
Pretax Income	17,985	15,755	9,328	6,899	7,924	5,976	8,958	4,205	7,270	7,404	11,044	1,634	11,291	5,349	14,355	16,445	11,434	26,160	10,776	16,269
Income Tax Expense	5,840	4,949	3,570	2,719	2,504	2,332	4,083	3,164	2,879	3,754	3,604	1,100	4,115	2,195	5,582	5,975	4,587	7,922	3,457	4,664
Earnings From Continuing Operations	12,145	10,806	5,758	4,180	5,420	3,644	4,875	1,041	4,391	3,650	7,440	534	7,176	3,154	8,773	10,470	6,847	18,238	7,319	11,605
Minority Interest in Earnings	-88	16	-64	-46	-98	-43	-95	-113	-100	-133	-82	-62	-132	-20	-64	-60	-104	-198	-203	-144
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
Net Income to Common	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
Net Income Growth (YoY)	126.55%	200.53%	19.12%	345.47%	24.03%	2.39%	-35.04%	96.61%	-39.08%	12.22%	-15.51%	-95.47%	4.46%	-82.63%	22.39%	-9.17%	-	426.25%	25.72%	-
Shares Outstanding (Basic)	5,604	5,589	5,654	5,740	5,846	5,948	6,034	6,148	6,257	6,355	6,440	6,558	6,668	6,793	6,919	7,064	7,277	7,453	7,603	7,702
Shares Outstanding (Diluted)	5,651	5,636	5,704	5,800	5,906	6,005	6,088	6,214	6,321	6,418	6,504	6,631	6,737	6,854	6,982	7,127	7,341	7,519	7,662	7,744
Shares Change (YoY)	-4.31%	-6.13%	-6.31%	-6.67%	-6.56%	-6.43%	-6.40%	-6.29%	-6.17%	-6.37%	-6.84%	-6.96%	-8.24%	-8.84%	-8.87%	-7.97%	-5.56%	-4.05%	-2.18%	-0.52%
EPS (Basic)	2.15	1.94	1.01	0.72	0.91	0.61	0.79	0.15	0.69	0.55	1.14	0.07	1.06	0.46	1.26	1.47	0.93	2.42	0.94	1.49
EPS (Diluted)	2.13	1.92	1.00	0.72	0.90	0.60	0.79	0.15	0.68	0.55	1.13	0.07	1.05	0.46	1.25	1.46	0.92	2.40	0.93	1.48
EPS Growth (YoY)	136.67%	219.49%	26.58%	376.21%	32.35%	9.09%	-30.09%	109.72%	-35.24%	19.56%	-9.60%	-95.07%	14.13%	-80.83%	34.41%	-1.20%	-	445.46%	29.17%	-

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 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	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 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
Dividend Per Share	0.391	0.391	0.391	0.372	0.358	0.358	0.358	0.358	0.344	0.344	0.344	0.344	0.331	0.331	0.287	0.287	0.250	0.250	0.250	0.240
Dividend Growth (YoY)	9.11%	9.11%	9.11%	3.91%	4.07%	4.07%	4.07%	4.07%	3.93%	3.93%	19.65%	19.65%	32.40%	32.40%	15.00%	19.79%	4.17%	4.17%	47.06%	44.14%
Gross Margin	28.56%	26.05%	27.51%	25.22%	25.53%	25.07%	25.76%	25.40%	23.53%	26.13%	27.32%	21.82%	27.27%	22.86%	26.96%	28.23%	20.00%	27.03%	26.74%	26.01%
Operating Margin	18.76%	16.69%	14.87%	8.44%	11.35%	11.04%	13.68%	8.86%	10.42%	13.37%	14.09%	2.98%	14.35%	9.76%	16.15%	23.18%	10.04%	17.87%	15.95%	14.13%
Profit Margin	12.99%	11.43%	8.17%	6.45%	7.81%	5.51%	6.90%	1.40%	6.04%	4.72%	10.15%	0.60%	9.23%	4.20%	10.02%	10.28%	7.04%	18.03%	8.45%	13.44%
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%
EBITDA	23,565	21,359	16,104	6,535	13,606	12,888	14,630	7,632	13,138	15,870	16,418	8,055	16,858	13,194	19,977	29,605	15,500	23,673	18,900	14,589
EBITDA Margin	25.38%	22.56%	23.11%	10.20%	19.96%	19.71%	21.13%	11.51%	18.48%	21.31%	22.65%	10.23%	22.08%	17.69%	22.97%	29.22%	16.19%	23.66%	22.45%	17.11%
D&A For EBITDA	6,144	5,558	5,739	1,124	5,872	5,669	5,159	1,759	5,728	5,911	6,207	5,711	5,901	5,912	5,932	6,126	5,884	5,797	5,467	2,538
EBIT	17,421	15,801	10,365	5,411	7,734	7,219	9,471	5,873	7,410	9,959	10,211	2,344	10,957	7,282	14,045	23,479	9,616	17,876	13,433	12,051
EBIT Margin	18.76%	16.69%	14.87%	8.44%	11.35%	11.04%	13.68%	8.86%	10.42%	13.37%	14.09%	2.98%	14.35%	9.76%	16.15%	23.18%	10.04%	17.87%	15.95%	14.13%
Effective Tax Rate	32.47%	31.41%	38.27%	39.41%	31.60%	39.02%	45.58%	75.24%	39.60%	50.70%	32.63%	67.32%	36.45%	41.04%	38.88%	36.33%	40.12%	30.28%	32.08%	28.67%
Revenue as Reported	95,322	96,353	70,133	66,725	70,411	66,443	70,152	66,807	72,462	75,057	74,703	80,131	78,011	76,020	89,021	101,195	98,759	103,083	83,164	90,223

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error