Shell (SHEL) Financials

$66.59 -0.08 (-0.12%)

Closing price 05/20/2025 03:59 PM Eastern

Extended Trading

$67.03 +0.44 (+0.66%)

As of 09:00 AM Eastern

Annual Income Statements for Shell

This table shows Shell's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	16,094	19,359	42,309	20,101	-21,680	15,842	23,352	12,977	4,575	1,939
Consolidated Net Income / (Loss)	16,521	19,636	42,874	20,630	-21,534	16,432	23,906	13,435	4,777	2,200
Net Income / (Loss) Continuing Operations	29,922	19,636	42,874	20,630	-21,534	16,432	23,906	13,435	4,777	2,200
Total Pre-Tax Income	29,922	32,627	64,815	29,829	-26,967	25,485	35,621	18,130	5,606	2,047
Total Operating Income	29,992	30,737	63,109	22,283	-25,530	22,946	31,189	15,481	2,367	-3,261
Total Gross Profit	72,813	78,497	97,308	62,770	39,449	65,456	67,010	55,080	42,583	42,221
Total Revenue	284,312	316,620	381,314	261,504	180,543	344,877	388,379	305,179	233,591	264,960
Operating Revenue	284,312	316,620	381,314	261,504	180,543	344,877	388,379	305,179	233,591	264,960
Total Cost of Revenue	211,499	238,123	284,006	198,734	141,094	279,421	321,369	250,099	191,008	222,739
Operating Cost of Revenue	211,499	238,123	284,006	198,734	141,094	279,421	321,369	250,099	191,008	222,739
Total Operating Expenses	42,821	47,760	34,199	40,487	64,979	42,510	35,821	39,599	40,216	45,482
Selling, General & Admin Expense	12,439	13,433	12,883	11,328	9,881	10,493	11,360	10,509	12,101	11,956
Research & Development Expense	1,099	1,287	1,075	815	907	962	986	922	1,014	1,093
Exploration Expense	2,411	1,750	1,712	1,423	1,747	2,354	1,340	1,945	2,108	5,719
Depreciation Expense	26,872	31,290	18,529	26,921	52,444	28,701	22,135	26,223	24,993	26,714
Total Other Income / (Expense), net	-70	1,890	1,706	7,546	-1,437	2,539	4,432	2,649	3,239	5,308
Interest Expense	4,787	4,673	3,181	3,607	4,089	4,690	3,745	4,042	3,203	1,888
Interest & Investment Income	1,724	2,838	915	7,056	869	3,625	4,071	2,466	2,897	3,669
Other Income / (Expense), net	2,993	3,725	3,972	4,097	1,783	3,604	4,106	4,225	3,545	3,527
Other Adjustments to Consolidated Net Income / (Loss)	-13,401	-	-	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	-427	277	565	529	146	590	554	458	202	261
Basic Earnings per Share	$2.55	$2.88	$5.76	$2.59	($2.78)	$1.97	$2.82	$1.58	$0.58	$0.31
Weighted Average Basic Shares Outstanding	6.08B	6.49B	6.97B	7.68B	7.81B	7.88B	8.18B	8.31B	-	-
Diluted Earnings per Share	$2.53	$2.85	$5.71	$2.57	($2.78)	$1.95	$2.80	$1.56	$0.58	$0.30
Weighted Average Diluted Shares Outstanding	6.08B	6.49B	6.97B	7.68B	7.81B	7.88B	8.18B	8.31B	-	-
Weighted Average Basic & Diluted Shares Outstanding	6.08B	6.49B	6.97B	7.68B	7.81B	7.88B	8.18B	8.31B	-	-

No quarterly income statements for Shell are available.

This table details how cash moves in and out of Shell's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	336	-1,472	3,276	5,140	13,775	-8,686	6,429	1,182	-12,622	10,145
Net Cash From Operating Activities	54,687	54,191	68,414	45,104	34,105	42,178	53,085	35,650	20,615	29,810
Net Cash From Continuing Operating Activities	54,687	54,191	68,414	45,104	34,105	42,178	53,085	35,650	20,615	29,810
Net Income / (Loss) Continuing Operations	29,922	32,627	64,815	29,829	-26,967	25,485	35,621	18,130	4,777	2,200
Consolidated Net Income / (Loss)	29,922	32,627	64,815	29,829	-26,967	25,485	35,621	18,130	4,777	2,200
Depreciation Expense	26,872	31,290	18,529	26,921	52,444	28,701	22,135	26,223	24,993	26,714
Non-Cash Adjustments To Reconcile Net Income	2,662	-6,976	-3,765	-535	4,711	-3,735	-4,609	-4.00	504	400
Changes in Operating Assets and Liabilities, net	-4,769	-2,750	-11,165	-11,111	3,917	-8,273	-62	-8,699	-9,659	496
Net Cash From Investing Activities	-15,155	-17,734	-22,448	-4,761	-13,278	-15,779	-13,659	-8,029	-30,963	-22,407
Net Cash From Continuing Investing Activities	-15,155	-17,734	-22,448	-4,761	-13,278	-15,779	-13,659	-8,029	-30,963	-22,407
Acquisitions	-1,404	-1,202	-1,973	-479	-1,024	-743	-880	-595	-12,751	-896
Purchase of Investments	-80	-197	-260	-218	-218	-205	-187	-93	-	-
Sale of Property, Plant & Equipment	1,621	2,565	1,431	14,233	2,489	4,803	4,366	8,808	2,072	4,720
Sale and/or Maturity of Investments	3,571	2,649	1,534	1,303	2,053	3,979	6,922	5,537	2,035	564
Other Investing Activities, net	-18,863	-21,549	-23,180	-19,600	-16,578	-23,613	-23,880	-21,686	-22,319	-26,795
Net Cash From Financing Activities	-38,435	-38,235	-41,954	-34,664	-7,224	-35,209	-32,548	-27,086	-771	3,812
Net Cash From Continuing Financing Activities	-37,841	-38,235	-41,954	-34,664	-7,224	-35,209	-32,548	-27,086	-771	3,812
Repayment of Debt	-14,229	-15,091	-12,136	-25,548	-21,490	-18,941	-15,486	-15,270	-9,648	-7,765
Repurchase of Common Equity	-13,898	-14,617	-18,437	-2,889	-1,702	-10,188	-3,947	-	0.00	0.00
Payment of Dividends	-8,963	-9,157	-7,611	-6,601	-7,735	-15,735	-16,259	-11,283	-9,857	-9,487
Issuance of Debt	53	818	587	1,805	22,970	10,877	3,581	-109	17,784	20,914
Other Financing Activities, net	-804	-188	-4,357	-1,431	733	-1,222	-437	-424	950	559
Effect of Exchange Rate Changes	-761	306	-736	-539	172	124	-449	647	-1,503	-1,070

No quarterly cash flow statements for Shell are available.

This table presents Shell's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	387,609	406,270	443,024	404,379	379,268	404,336	399,194	407,097	411,275
Total Current Assets	127,926	134,115	165,938	128,765	91,954	92,689	97,482	95,404	86,569
Cash & Equivalents	39,110	38,774	40,246	36,970	31,830	18,055	26,741	20,312	19,130
Short-Term Investments	9,673	15,098	24,437	11,369	5,783	7,149	7,193	5,304	0.00
Accounts Receivable	45,860	53,273	66,510	53,208	33,625	43,414	42,431	44,565	45,664
Inventories, net	33,283	26,019	34,745	27,218	20,716	24,071	21,117	25,223	21,775
Plant, Property, & Equipment, net	0.00	0.00	0.00	194,932	209,700	238,349	223,175	226,380	236,098
Total Noncurrent Assets	74,464	77,320	78,444	80,682	77,614	73,298	78,537	85,313	88,608
Long-Term Investments	25,700	27,703	27,226	27,212	25,673	25,797	28,403	35,149	39,207
Noncurrent Note & Lease Receivables	6,018	-	6,920	7,065	7,641	8,085	7,826	8,475	9,553
Goodwill	16,032	16,660	16,039	14,920	-	-	-	-	-
Intangible Assets	9,480	10,253	9,662	9,773	22,710	23,486	23,586	24,180	23,967
Noncurrent Deferred & Refundable Income Taxes	6,857	6,454	7,815	12,426	16,311	10,524	12,097	13,791	14,425
Other Noncurrent Operating Assets	10,377	16,250	10,782	9,286	5,279	5,406	6,625	3,718	1,456
Total Liabilities & Shareholders' Equity	387,609	406,270	443,024	404,379	379,268	404,336	399,194	407,097	411,275
Total Liabilities	207,441	217,908	250,427	229,053	220,731	213,873	196,660	209,285	222,764
Total Current Liabilities	95,034	95,467	121,311	95,547	73,708	79,624	77,813	79,767	73,825
Short-Term Debt	11,630	9,931	9,001	8,218	16,899	15,064	10,134	11,795	9,484
Accounts Payable	60,693	72,278	79,357	63,173	44,572	49,208	48,888	51,410	53,417
Current Deferred & Payable Income Tax Liabilities	4,648	3,422	4,869	3,254	3,111	6,693	7,497	7,250	6,685
Other Current Liabilities	18,063	9,529	28,084	20,902	9,126	8,240	10,843	8,718	3,784
Total Noncurrent Liabilities	112,407	122,441	129,116	133,506	147,023	134,249	118,847	129,518	148,939
Long-Term Debt	65,448	71,610	74,794	80,868	91,115	81,360	66,690	73,870	82,992
Noncurrent Deferred & Payable Income Tax Liabilities	13,505	15,347	16,186	12,547	10,463	14,522	14,837	13,007	15,274
Noncurrent Employee Benefit Liabilities	6,752	7,549	7,296	11,325	15,605	13,017	11,653	13,247	14,130
Other Noncurrent Operating Liabilities	26,702	27,935	30,840	28,766	29,840	25,350	25,667	29,394	36,543
Total Equity & Noncontrolling Interests	180,168	188,362	192,597	175,326	158,537	190,463	202,534	197,812	188,511
Total Preferred & Common Equity	178,307	186,607	190,472	171,966	155,310	186,476	198,646	194,356	186,646
Total Common Equity	178,307	186,607	190,472	171,966	155,310	186,476	198,646	194,356	186,646
Common Stock	510	544	584	641	651	657	685	696	683
Retained Earnings	158,834	165,915	169,482	153,026	142,616	172,431	182,606	177,645	175,566
Other Equity Adjustments	18,963	21,145	20,406	18,299	12,043	13,388	15,355	16,015	10,397
Noncontrolling Interest	1,861	1,755	2,125	3,360	3,227	3,987	3,888	3,456	1,865

This table presents Shell's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q4 2022
Period end date	12/31/2023	12/31/2022
Total Assets	406,270	443,024
Total Current Assets	134,115	165,938
Cash & Equivalents	38,774	40,246
Short-Term Investments	15,098	24,437
Accounts Receivable	53,273	66,510
Inventories, net	26,019	34,745
Plant, Property, & Equipment, net	0.00	0.00
Total Noncurrent Assets	77,320	78,444
Long-Term Investments	27,703	27,226
Goodwill	16,660	16,039
Intangible Assets	10,253	9,662
Noncurrent Deferred & Refundable Income Taxes	6,454	7,815
Other Noncurrent Operating Assets	16,250	10,782
Total Liabilities & Shareholders' Equity	406,270	443,024
Total Liabilities	217,908	250,427
Total Current Liabilities	95,467	121,311
Short-Term Debt	9,931	9,001
Accounts Payable	72,278	79,357
Current Deferred & Payable Income Tax Liabilities	3,422	4,869
Other Current Liabilities	9,529	28,084
Total Noncurrent Liabilities	122,441	129,116
Long-Term Debt	71,610	74,794
Noncurrent Deferred & Payable Income Tax Liabilities	15,347	16,186
Noncurrent Employee Benefit Liabilities	7,549	7,296
Other Noncurrent Operating Liabilities	27,935	30,840
Total Equity & Noncontrolling Interests	188,362	192,597
Total Preferred & Common Equity	186,607	190,472
Total Common Equity	186,607	190,472
Common Stock	544	584
Retained Earnings	165,915	169,482
Treasury Stock	-997	-
Other Equity Adjustments	21,145	20,406
Noncontrolling Interest	1,755	2,125

This table displays calculated financial ratios and metrics derived from Shell's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.20%	-16.97%	45.82%	44.84%	-47.65%	-11.20%	27.26%	30.65%	-11.84%	0.00%
EBITDA Growth	-8.97%	-23.20%	60.62%	85.74%	-48.06%	-3.79%	25.04%	48.61%	14.55%	0.00%
EBIT Growth	-4.29%	-48.63%	154.29%	211.09%	-189.44%	-24.78%	79.11%	233.32%	2,122.56%	0.00%
NOPAT Growth	62.13%	-55.69%	170.88%	186.24%	-220.79%	-29.32%	82.46%	468.77%	157.55%	0.00%
Net Income Growth	-15.86%	-54.20%	107.82%	195.80%	-231.05%	-31.26%	77.94%	181.24%	117.14%	0.00%
EPS Growth	-11.23%	-50.09%	122.18%	192.45%	-242.56%	-30.36%	79.49%	168.97%	93.33%	0.00%
Operating Cash Flow Growth	0.92%	-20.79%	51.68%	32.25%	-19.14%	-20.55%	48.91%	72.93%	-30.85%	0.00%
Free Cash Flow Firm Growth	120.16%	-95.31%	720.94%	102.14%	462.40%	-115.29%	133.33%	105.17%	0.00%	0.00%
Invested Capital Growth	65.66%	49.50%	-107.50%	-7.09%	-13.83%	8.69%	-2.56%	0.03%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.61%	24.79%	25.52%	24.00%	21.85%	18.98%	17.25%	18.05%	18.23%	15.93%
EBITDA Margin	21.05%	20.77%	22.45%	20.38%	15.89%	16.02%	14.79%	15.05%	13.23%	10.18%
Operating Margin	10.55%	9.71%	16.55%	8.52%	-14.14%	6.65%	8.03%	5.07%	1.01%	-1.23%
EBIT Margin	11.60%	10.88%	17.59%	10.09%	-13.15%	7.70%	9.09%	6.46%	2.53%	0.10%
Profit (Net Income) Margin	5.81%	6.20%	11.24%	7.89%	-11.93%	4.76%	6.16%	4.40%	2.05%	0.83%
Tax Burden Percent	55.21%	60.18%	66.15%	69.16%	79.85%	64.48%	67.11%	74.10%	85.21%	107.47%
Interest Burden Percent	90.71%	94.68%	96.62%	113.07%	113.56%	95.99%	100.92%	92.00%	94.82%	769.55%
Effective Tax Rate	0.00%	39.82%	33.85%	30.84%	0.00%	35.52%	32.89%	25.90%	14.79%	-7.47%
Return on Invested Capital (ROIC)	0.00%	0.00%	47.79%	7.86%	-8.14%	6.53%	9.52%	5.15%	1.81%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	46.62%	25.78%	-16.27%	12.00%	24.62%	11.80%	17.98%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	-24.48%	4.50%	-4.20%	1.83%	2.42%	1.80%	3.26%	0.00%
Return on Equity (ROE)	8.97%	10.31%	23.31%	12.36%	-12.34%	8.36%	11.94%	6.96%	5.07%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	15.21%	6.72%	-1.80%	12.11%	5.12%	-198.19%	0.00%
Operating Return on Assets (OROA)	8.31%	8.12%	15.83%	6.73%	-6.06%	6.61%	8.75%	4.82%	1.44%	0.00%
Return on Assets (ROA)	4.16%	4.62%	10.12%	5.27%	-5.50%	4.09%	5.93%	3.28%	1.16%	0.00%
Return on Common Equity (ROCE)	8.88%	10.20%	22.96%	12.11%	-12.09%	8.19%	11.72%	6.86%	5.02%	0.00%
Return on Equity Simple (ROE_SIMPLE)	9.27%	10.52%	22.51%	12.00%	-13.87%	8.81%	12.03%	6.91%	2.56%	0.00%
Net Operating Profit after Tax (NOPAT)	29,992	18,499	41,746	15,411	-17,871	14,795	20,932	11,472	2,017	-3,505
NOPAT Margin	10.55%	5.84%	10.95%	5.89%	-9.90%	4.29%	5.39%	3.76%	0.86%	-1.32%
Net Nonoperating Expense Percent (NNEP)	-7.12%	0.57%	1.17%	-17.91%	8.13%	-5.47%	-15.10%	-6.65%	-16.17%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	11.66%	-	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	74.39%	75.21%	74.48%	76.00%	78.15%	81.02%	82.75%	81.95%	81.77%	84.07%
SG&A Expenses to Revenue	4.38%	4.24%	3.38%	4.33%	5.47%	3.04%	2.93%	3.44%	5.18%	4.51%
R&D to Revenue	0.39%	0.41%	0.28%	0.31%	0.50%	0.28%	0.25%	0.30%	0.43%	0.41%
Operating Expenses to Revenue	15.06%	15.08%	8.97%	15.48%	35.99%	12.33%	9.22%	12.98%	17.22%	17.17%
Earnings before Interest and Taxes (EBIT)	32,985	34,462	67,081	26,380	-23,747	26,550	35,295	19,706	5,912	266
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	59,857	65,752	85,610	53,301	28,697	55,251	57,430	45,929	30,905	26,980
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	2.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.33	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	23.43	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	4.44%	3.87%	4.67%	4.24%	6.64%	7.70%	8.19%	7.59%	9.53%	12.93%
Earnings Yield	4.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.34	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	6.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	11.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	12.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	6.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	15.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.43	0.44	0.51	0.68	0.51	0.38	0.43	0.49	0.00
Long-Term Debt to Equity	0.36	0.38	0.39	0.46	0.57	0.43	0.33	0.37	0.44	0.00
Financial Leverage	-1.03	-1.06	-0.53	0.17	0.26	0.15	0.10	0.15	0.18	0.00
Leverage Ratio	2.15	2.23	2.30	2.35	2.25	2.04	2.01	2.12	2.18	0.00
Compound Leverage Factor	1.95	2.11	2.23	2.65	2.55	1.96	2.03	1.95	2.07	0.00
Debt to Total Capital	29.96%	30.21%	30.32%	33.69%	40.52%	33.61%	27.50%	30.22%	32.91%	0.00%
Short-Term Debt to Total Capital	4.52%	3.68%	3.26%	3.11%	6.34%	5.25%	3.63%	4.16%	3.38%	0.00%
Long-Term Debt to Total Capital	25.44%	26.53%	27.06%	30.58%	34.18%	28.36%	23.87%	26.06%	29.54%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.72%	0.65%	0.77%	1.27%	1.21%	1.39%	1.39%	1.22%	0.66%	0.00%
Common Equity to Total Capital	69.31%	69.14%	68.91%	65.04%	58.27%	65.00%	71.11%	68.56%	66.43%	0.00%
Debt to EBITDA	1.29	1.24	0.98	1.67	3.76	1.75	1.34	1.87	2.99	0.00
Net Debt to EBITDA	0.04	0.00	-0.09	0.25	1.56	0.82	0.25	0.54	1.10	0.00
Long-Term Debt to EBITDA	1.09	1.09	0.87	1.52	3.18	1.47	1.16	1.61	2.69	0.00
Debt to NOPAT	2.57	4.41	2.01	5.78	-6.04	6.52	3.67	7.47	45.85	0.00
Net Debt to NOPAT	0.09	0.00	-0.19	0.88	-2.50	3.07	0.69	2.17	16.93	0.00
Long-Term Debt to NOPAT	2.18	3.87	1.79	5.25	-5.10	5.50	3.19	6.44	41.15	0.00
Altman Z-Score	2.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.98%	1.02%	1.49%	1.97%	2.07%	2.00%	1.83%	1.38%	0.99%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.35	1.40	1.37	1.35	1.25	1.16	1.25	1.20	1.17	0.00
Quick Ratio	1.00	1.12	1.08	1.06	0.97	0.86	0.98	0.88	0.88	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	25,297	11,491	244,766	29,815	14,750	-4,070	26,623	11,410	-220,633	0.00
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	5.28	2.46	76.95	8.27	3.61	-0.87	7.11	2.82	-68.88	0.00
Operating Cash Flow to Interest Expense	11.42	11.60	21.51	12.50	8.34	8.99	14.17	8.82	6.44	15.79
Operating Cash Flow Less CapEx to Interest Expense	11.76	12.15	21.96	16.45	8.95	10.02	15.34	11.00	7.08	18.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.75	0.90	0.67	0.46	0.86	0.96	0.75	0.57	0.00
Accounts Receivable Turnover	5.74	5.29	6.37	6.02	4.69	8.03	8.93	6.76	5.12	0.00
Inventory Turnover	7.13	7.84	9.17	8.29	6.30	12.37	13.87	10.64	8.77	0.00
Fixed Asset Turnover	0.00	0.00	0.00	1.29	0.81	1.49	1.73	1.32	0.99	0.00
Accounts Payable Turnover	3.18	3.14	3.99	3.69	3.01	5.70	6.41	4.77	3.58	0.00
Days Sales Outstanding (DSO)	63.63	69.04	57.30	60.60	77.87	45.43	40.88	53.96	71.35	0.00
Days Inventory Outstanding (DIO)	51.17	46.57	39.82	44.02	57.93	29.51	26.32	34.30	41.61	0.00
Days Payable Outstanding (DPO)	114.74	116.21	91.59	98.94	121.30	64.07	56.96	76.49	102.08	0.00
Cash Conversion Cycle (CCC)	0.07	-0.60	5.53	5.67	14.50	10.87	10.24	11.76	10.89	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-2,456	-7,151	-14,159	188,861	203,265	235,886	217,021	222,712	222,650	0.00
Invested Capital Turnover	-59.19	-29.72	4.37	1.33	0.82	1.52	1.77	1.37	2.10	0.00
Increase / (Decrease) in Invested Capital	4,695	7,008	-203,020	-14,404	-32,621	18,865	-5,691	62	222,650	0.00
Enterprise Value (EV)	381,582	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Market Capitalization	377,126	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$27.49	$26.77	$24.79	$22.03	$19.71	$22.80	$23.90	$23.38	$0.00	$0.00
Tangible Book Value per Share	$23.56	$22.91	$21.44	$18.86	$16.82	$19.93	$21.06	$20.47	$0.00	$0.00
Total Capital	257,246	269,903	276,392	264,412	266,551	286,887	279,358	283,477	280,987	0.00
Total Debt	77,078	81,541	83,795	89,086	108,014	96,424	76,824	85,665	92,476	0.00
Total Long-Term Debt	65,448	71,610	74,794	80,868	91,115	81,360	66,690	73,870	82,992	0.00
Net Debt	2,595	-34	-8,114	13,535	44,728	45,423	14,487	24,900	34,139	0.00
Capital Expenditures (CapEx)	-1,621	-2,565	-1,431	-14,233	-2,489	-4,803	-4,366	-8,808	-2,072	-4,720
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,261	-5,293	-11,055	-6,903	-2,468	2,925	-4,131	1,816	3,098	0.00
Debt-free Net Working Capital (DFNWC)	44,522	48,579	53,628	41,436	35,145	28,129	29,803	27,432	22,228	0.00
Net Working Capital (NWC)	32,892	38,648	44,627	33,218	18,246	13,065	19,669	15,637	12,744	0.00
Net Nonoperating Expense (NNE)	13,471	-1,137	-1,128	-5,219	3,663	-1,637	-2,974	-1,963	-2,760	-5,705
Net Nonoperating Obligations (NNO)	-182,624	-195,513	-206,756	13,535	44,728	45,423	14,487	24,900	34,139	0.00
Total Depreciation and Amortization (D&A)	26,872	31,290	18,529	26,921	52,444	28,701	22,135	26,223	24,993	26,714
Debt-free, Cash-free Net Working Capital to Revenue	-1.50%	-1.67%	-2.90%	-2.64%	-1.37%	0.85%	-1.06%	0.60%	1.33%	0.00%
Debt-free Net Working Capital to Revenue	15.66%	15.34%	14.06%	15.85%	19.47%	8.16%	7.67%	8.99%	9.52%	0.00%
Net Working Capital to Revenue	11.57%	12.21%	11.70%	12.70%	10.11%	3.79%	5.06%	5.12%	5.46%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.55	$2.88	$5.76	$2.59	($2.78)	$1.97	$2.82	$1.58	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	6.08B	6.49B	6.97B	7.68B	7.81B	7.88B	8.18B	8.31B	0.00	0.00
Adjusted Diluted Earnings per Share	$2.53	$2.85	$5.71	$2.57	($2.78)	$1.95	$2.80	$1.56	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	6.08B	6.49B	6.97B	7.68B	7.81B	7.88B	8.18B	8.31B	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	6.08B	6.49B	6.97B	7.68B	7.81B	7.88B	8.18B	8.31B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	20,994	18,499	41,746	15,411	-17,871	14,795	20,932	11,472	2,017	-2,283
Normalized NOPAT Margin	7.38%	5.84%	10.95%	5.89%	-9.90%	4.29%	5.39%	3.76%	0.86%	-0.86%
Pre Tax Income Margin	10.52%	10.30%	17.00%	11.41%	-14.94%	7.39%	9.17%	5.94%	2.40%	0.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.89	7.37	21.09	7.31	-5.81	5.66	9.42	4.88	1.85	0.14
NOPAT to Interest Expense	6.27	3.96	13.12	4.27	-4.37	3.15	5.59	2.84	0.63	-1.86
EBIT Less CapEx to Interest Expense	7.23	7.92	21.54	11.26	-5.20	6.69	10.59	7.05	2.49	2.64
NOPAT Less CapEx to Interest Expense	6.60	4.51	13.57	8.22	-3.76	4.18	6.76	5.02	1.28	0.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.25%	46.63%	17.75%	32.00%	-35.92%	95.76%	68.01%	83.98%	206.34%	431.23%
Augmented Payout Ratio	138.38%	121.07%	60.75%	46.00%	-43.82%	157.76%	84.52%	83.98%	206.34%	431.23%

No quarterly metrics and ratios for Shell are available.

Frequently Asked Questions About Shell's Financials

When does Shell's fiscal year end?

According to the most recent income statement we have on file, Shell's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Shell's net income changed over the last 9 years?

Shell's net income appears to be on an upward trend, with a most recent value of $16.52 billion in 2024, rising from $2.20 billion in 2015. The previous period was $19.64 billion in 2023. View Shell's forecast to see where analysts expect Shell to go next.

What is Shell's operating income?

Shell's total operating income in 2024 was $29.99 billion, based on the following breakdown:

Total Gross Profit: $72.81 billion
Total Operating Expenses: $42.82 billion

How has Shell revenue changed over the last 9 years?

Over the last 9 years, Shell's total revenue changed from $264.96 billion in 2015 to $284.31 billion in 2024, a change of 7.3%.

How much debt does Shell have?

Shell's total liabilities were at $207.44 billion at the end of 2024, a 4.8% decrease from 2023, and a 6.9% decrease since 2016.

How much cash does Shell have?

In the past 8 years, Shell's cash and equivalents has ranged from $18.06 billion in 2019 to $40.25 billion in 2022, and is currently $39.11 billion as of their latest financial filing in 2024.

How has Shell's book value per share changed over the last 9 years?

Over the last 9 years, Shell's book value per share changed from 0.00 in 2015 to 27.49 in 2024, a change of 2,749.0%.

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This page (NYSE:SHEL) was last updated on 5/21/2025 by MarketBeat.com Staff

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Shell (SHEL) Financials

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Shell (SHEL) Financials

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