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Financials · SHEL

Shell PLC (SHEL) financials

For fiscal 2025 (ended Dec 31, 2025), Shell PLC reported $273.73B of revenue and $17.84B of net income.

Revenue, FY2025
$273.73B
Revenue growth, YoY
-5.3%
Net income, FY2025
$17.84B
Net income growth, YoY
+10.8%
Net margin
6.5%
EPS, diluted, FY2025
$3.00
EPS growth, YoY
+18.6%
Cash
$30.22B
Total debt
$75.64B
P/E
15.37
P/S
1.00
Market cap
$274.09B
Annual revenue$273.73B
FY2016FY2025
Annual net income$17.84B
FY2016FY2025

SHEL revenue and earnings growth

SHEL revenueFY2025$273.73B

FY YoY
-5.3%
5Y CAGR
+8.4%
10Y CAGR
+0.1%

SHEL revenue was $273.73B for fiscal 2025 (ended Dec 31, 2025), down 5.3% from fiscal 2024. Compound annual growth was +8.4% over 5 years and +0.1% over 10 years. It rose in 4 of the last 10 fiscal years.

SHEL net incomeFY2025$17.84B

FY YoY
+10.8%
10Y CAGR
+24.8%

SHEL net income was $17.84B for fiscal 2025 (ended Dec 31, 2025), up 10.8% from fiscal 2024. Compound annual growth was +24.8% over 10 years. It rose in 2 of the last 4 fiscal years.

SHEL EPSFY2025$3.00

FY YoY
+18.6%
10Y CAGR
+25.9%

SHEL diluted EPS was $3.00 for fiscal 2025 (ended Dec 31, 2025), up 18.6% from fiscal 2024. Compound annual growth was +25.9% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$273.73B$289.03B$323.18B$386.20B$272.66B$183.19B$352.11B$396.56B$311.87B$240.03B
Research and development$1.17B$1.10B$1.29B$1.07B$815.00M$907.00M$962.00M$986.00M$922.00M$1.01B
Selling, general and admin$12.61B$12.44B$13.43B$12.88B$11.33B$9.88B$10.49B$11.36B$10.51B$12.10B
Interest expense$4.67B$4.79B$4.67B$3.18B$3.61B$4.09B$4.69B$3.75B$4.04B$3.20B
Pre-tax income$29.76B$29.92B$32.63B$64.81B$29.83B-$26.97B$25.48B$35.62B$18.13B$5.61B
Income tax$11.64B$13.40B$12.99B$21.94B$9.20B-$5.43B$9.05B$11.71B$4.70B$829.00M
Net income$17.84B$16.09B$19.36B$42.31B$20.10B-$21.68B$15.84B$23.35B$12.98B$4.58B
EPS, basic$3.03$2.55$2.88$5.76$2.59-$2.78$1.97$2.82$1.58$0.58
EPS, diluted$3.00$2.53$2.85$5.71$2.57-$2.78$1.95$2.80$1.56$0.58
Diluted shares5.95B6.36B6.80B7.41B7.81B7.80B8.11B8.35B8.30B7.89B

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$30.22B$39.11B$38.77B$40.25B$36.97B$31.83B$18.05B$26.74B$20.31B$19.13B
Receivables$44.60B$45.86B$53.27B$66.51B$53.21B$33.63B$43.41B$42.43B$44.56B$45.66B
Inventory$22.22B$23.43B$26.02B$31.89B$25.26B$19.46B$24.07B$21.12B$25.22B$21.77B
Current assets$107.17B$127.93B$134.12B$165.94B$128.76B$91.95B$92.69B$97.48B$95.40B$86.57B
Goodwill$15.66B$16.03B$16.66B$16.04B$14.92B-----
Total assets$370.35B$387.61B$406.27B$443.02B$404.38B$379.27B$404.34B$399.19B$407.10B$411.27B
Current liabilities$82.42B$95.03B$95.47B$121.31B$95.55B$73.71B$79.62B$77.81B$79.77B$73.83B
Short-term debt$9.13B$11.63B$9.93B$9.00B$8.22B$16.90B$15.06B$10.13B--
Long-term debt$66.52B$65.45B$71.61B$74.79B$80.87B$91.11B$81.36B$66.69B$73.87B$82.99B
Total debt$75.64B$77.08B$81.54B$83.80B$89.09B$108.01B$96.42B$76.82B$73.87B$82.99B
Total liabilities$195.03B$207.44B$217.91B$250.43B$229.05B$220.73B$213.87B$196.66B$209.28B$222.76B
Shareholders' equity$174.39B$178.31B$188.36B$192.60B$175.33B$158.54B$190.46B$202.54B$197.76B$188.51B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$42.86B$54.69B$54.19B$68.41B$45.10B$34.10B$42.18B$53.09B$35.65B$20.61B
Investing cash flow-$16.81B-$15.15B-$17.73B-$22.45B-$4.76B-$13.28B-$15.78B-$13.66B-$8.03B-$30.96B
Financing cash flow-$35.81B-$38.44B-$38.23B-$41.95B-$34.66B-$7.22B-$35.21B-$32.55B-$27.09B-$771.00M
Share repurchases$13.88B$13.90B$14.62B$18.44B$2.89B$1.70B$10.19B$3.95B--
Depreciation and amortization$25.30B$26.87B$31.29B$18.53B$26.92B$52.44B$28.70B$22.14B$26.22B$24.99B

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-5.3%-10.6%-16.3%41.6%48.8%-48.0%-11.2%27.2%29.9%-11.8%
Net income growth, YoY10.8%-16.9%-54.2%110.5%---32.2%79.9%183.7%135.9%
EPS growth, YoY18.6%-11.2%-50.1%122.2%---30.4%79.5%169.0%93.3%
Net margin6.5%5.6%6.0%11.0%7.4%-11.8%4.5%5.9%4.2%1.9%
Return on equity10.2%9.0%10.3%22.0%11.5%-13.7%8.3%11.5%6.6%2.4%
Return on assets4.8%4.2%4.8%9.6%5.0%-5.7%3.9%5.8%3.2%1.1%
Current ratio1.301.351.401.371.351.251.161.251.201.17
Debt to equity0.430.430.430.440.510.680.510.380.370.44

Source: XBRL data Shell PLC files with the SEC, latest filing dated Mar 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

SHEL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SHEL$273.73B-5.3%$17.84B6.5%$274.09B
TTE$201.20B-6.2%$13.13B6.5%$191.61B
PBR$89.19B-2.4%$19.63B22.0%$119.38B
CNQC$38.76B+8.7%C$10.82B27.9%$100.44B
E€82.15B-7.5%€2.61B3.2%$87.24B
EOG$29.73B+31.7%$8.19B27.5%$77.17B
OXY$22.00B+7.8%$6.53B29.7%$56.35B
OKE$43.19B+36.8%$4.07B9.4%$53.71B
FANG$18.61B+21.1%$2.34B12.6%$49.96B

SHEL FAQ

7 questions
  • What is SHEL revenue?
    Shell PLC (SHEL) reported $273.73B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 5.3% from the year before.
  • Is SHEL profitable?
    Yes. Shell PLC earned $17.84B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 6.5%.
  • How much cash and debt does SHEL have?
    Shell PLC reported $30.22B in cash and cash equivalents and $75.64B of debt on its most recent balance sheet in SEC filings.
  • How fast is SHEL revenue growing?
    Shell PLC's revenue changed -5.3% in fiscal 2025, to $273.73B. Its compound annual growth rate was +8.4% over 5 years and +0.1% over 10 years.
  • What is SHEL earnings per share?
    Diluted earnings per share were $3.00 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did SHEL last report financial results?
    The latest statements here come from Shell PLC's 20-F filed on Mar 12, 2026, covering the period ended Dec 31, 2025.
  • Where does this SHEL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Shell PLC files with the SEC. It is provided for information only and is not investment advice.