SHEL financial statements
The full income statement, balance sheet, and cash-flow statement for Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) (SHEL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 267B-6.1% | 284B-10.2% | 317B-17.0% | 381B+45.8% | 262B+44.8% | |
| Research & development | 1.17B+6.5% | 1.10B-14.6% | 1.29B+19.7% | 1.07B+31.9% | 815M-10.1% | |
| Pre-tax income | 29.8B-0.6% | 29.9B-8.3% | 32.6B-49.7% | 64.8B+117.3% | 29.8B+210.6% | |
| Income tax | 11.6B-13.2% | 13.4B+3.2% | 13.0B-40.8% | 21.9B+138.5% | 9.20B+269.3% | |
| 18.1B+9.7% | 16.5B-15.9% | 19.6B-54.2% | 42.9B+107.8% | 20.6B+195.8% | ||
| Net income to common | 17.8B+10.8% | 16.1B-16.9% | 19.4B-54.2% | 42.3B+110.5% | 20.1B+192.7% | |
| Weighted-avg shares (basic) | 2.95B-6.5% | 3.15B-6.4% | 3.37B-8.4% | 3.67B-5.3% | 3.88B-0.4% | |
| Weighted-avg shares (diluted) | 2.97B-6.5% | 3.18B-6.4% | 3.40B-8.2% | 3.71B-5.1% | 3.90B+0.1% | |
| Dividends per share | $2.86+4.1% | $2.75+11.2% | $2.47+24.9% | $1.98+20.7% | $1.64-14.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 107B-16.2% | 128B-4.6% | 134B-19.2% | 166B+28.9% | 129B+40.0% | ||
| Cash & equivalents | 30.2B-22.7% | 39.1B+0.9% | 38.8B-3.7% | 40.2B+8.9% | 37.0B+16.1% | |
| Accounts receivable | 44.6B-2.8% | 45.9B-13.9% | 53.3B-19.9% | 66.5B+25.0% | 53.2B+58.2% | |
| Inventory | 22.2B-5.2% | 23.4B-10.0% | 26.0B-18.4% | 31.9B+26.3% | 25.3B+29.8% | |
| 370B-4.5% | 388B-4.6% | 406B-8.3% | 443B+9.6% | 404B+6.6% | ||
| Property, plant & equipment | — | — | — | 199B+1.9% | 195B-7.0% | |
| Goodwill | 15.7B-2.3% | 16.0B-3.8% | 16.7B+3.9% | 16.0B+7.5% | 14.9B | |
| Total non-current assets | 263B+1.3% | 260B-4.6% | 272B-1.8% | 277B+0.5% | 276B-4.1% | |
| 82.4B-13.3% | 95.0B-0.5% | 95.5B-21.3% | 121B+27.0% | 95.5B+29.6% | ||
| Short-term & current debt | 8.62B-21.5% | 11.0B+20.9% | 9.09B+13.9% | 7.97B+3.5% | 7.70B-17.7% | |
| 195B-6.0% | 207B-4.8% | 218B-13.0% | 250B+9.3% | 229B+3.8% | ||
| Long-term debt | 66.5B+1.6% | 65.4B-8.6% | 71.6B-4.3% | 74.8B-7.5% | 80.9B-11.2% | |
| 174B-2.2% | 178B-4.4% | 187B-2.0% | 190B+10.8% | 172B+10.7% | ||
| Total equity incl. non-controlling | 175B-2.7% | 180B-4.4% | 188B-2.2% | 193B+9.9% | 175B+10.6% | |
| Shares outstanding (cover) | 2.84B-6.5% | 3.04B-6.2% | 3.24B-6.9% | 3.49B | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash from operations | 42.9B-21.6% | 54.7B+0.9% | 54.2B-20.8% | 68.4B+51.7% | 45.1B+32.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 2.92B+704.4% | 363M-64.7% | 1.03B+282.5% | 269M-85.0% | 1.79B-92.2% | |
| Long-term debt repaid | 11.8B+22.1% | 9.67B-9.2% | 10.7B+25.9% | 8.46B-60.7% | 21.5B+23.9% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 14.1B+0.1% | 14.1B-3.5% | 14.6B-21.4% | 18.5B+428.0% | 3.51B+189.4% | |
| Dividends paid | 8.47B-2.3% | 8.67B+3.3% | 8.39B+13.3% | 7.41B+18.4% | 6.25B-15.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 209B+9.7% | 191B-16.9% | 229B+3.2% | 222B+31.2% | 169B+23.7% | |
| P/E | 11.5×+0.0% | 11.5×+115.7% | 5.3×-50.4% | 10.8×+31.2% | 8.2× | |
| P/S | 0.8×+16.8% | 0.7×+11.5% | 0.6×-29.2% | 0.9×+31.2% | 0.6×-14.6% | |
| P/B | 1.2×+12.1% | 1.1×-11.2% | 1.2×-6.9% | 1.3×+31.2% | 1.0×+11.7% | |
| Earnings yield | 8.7%-0.0% | 8.7%-53.6% | 18.7%+101.4% | 9.3%-23.8% | 12.2% | |
| Dividend yield | 3.9%-11.3% | 4.4%+16.8% | 3.8%+8.1% | 3.5%-8.0% | 3.8%-30.6% | |
| Source filing | 20-F | 20-F/A | 20-F/A | 20-F | 20-F |
About this data
Source: SHEL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SHEL filings on SEC EDGAR → Not investment advice.