Shell Plc ADR (SHEL) financial statements: income statement, balance sheet and cash flow
Shell Plc ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Shell Plc ADR reported revenue of $273.7B (-5.3% year on year).
Income statement
Shell Plc ADR income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$266.9B
$284.3B
$316.6B
$381.3B
Share of profit of joint ventures and associates
$1.6B
$3.0B
$3.7B
$4.0B
Interest and other income
$5.2B
$1.7B
$2.8B
$915.0M
Total revenue and other income
$273.7B
$289.0B
$323.2B
$386.2B
Purchases
$177.2B
$188.1B
$212.9B
$258.5B
Production and manufacturing expenses
$21.9B
$23.4B
$25.2B
$25.5B
Selling, distribution and administrative expenses
$12.6B
$12.4B
$13.4B
$12.9B
Research and development
$1.2B
$1.1B
$1.3B
$1.1B
Exploration
$1.1B
$2.4B
$1.8B
$1.7B
Depreciation, depletion and amortisation
$25.3B
$26.9B
$31.3B
$18.5B
Interest expense
$4.7B
$4.8B
$4.7B
$3.2B
Total expenditure
$244.0B
$259.1B
$290.6B
$321.4B
Income before taxation
$29.8B
$29.9B
$32.6B
$64.8B
Taxation charge
$11.6B
$13.4B
$13.0B
$21.9B
Income for the period
$18.1B
$16.5B
$19.6B
$42.9B
Income attributable to non-controlling interest
$282.0M
$427.0M
$277.0M
$565.0M
Income attributable to Shell plc shareholders
$17.8B
$16.1B
$19.4B
$42.3B
Basic earnings per share ($ per share)
$3.03
$2.55
$2.88
$5.76
Diluted earnings per share ($ per share)
$3.00
$2.53
$2.85
$5.71
Shell Plc ADR income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Revenue
$164.4B
$134.6B
$146.9B
$161.5B
Share of profit/(loss) of joint ventures and associates
$548.0M
$1.3B
$2.2B
$2.2B
Interest and other income/(expenses)
$1.6B
$628.0M
$602.0M
$1.3B
Total revenue and other income/(expenses)
$166.5B
$136.6B
$149.8B
$165.0B
Purchases
$109.3B
$89.9B
$96.3B
$109.0B
Production and manufacturing expenses
$11.2B
$10.5B
$11.4B
$12.0B
Selling, distribution and administrative expenses
$5.7B
$5.9B
$6.1B
$6.4B
Research and development
$444.0M
$464.0M
$475.0M
$550.0M
Exploration
$208.0M
$569.0M
$1.2B
$847.0M
Depreciation, depletion and amortisation
$11.9B
$12.1B
$13.4B
$14.2B
Interest expense
$2.6B
$2.2B
$2.4B
$2.4B
Total expenditure
$141.4B
$121.7B
$131.3B
$145.3B
Income/(loss) before taxation
$25.1B
$14.9B
$18.4B
$19.7B
Taxation charge/(credit)
$8.5B
$6.4B
$7.4B
$7.8B
Income/(loss) for the period
$16.6B
$8.5B
$11.1B
$11.9B
Income/(loss) attributable to non-controlling interest
$48.0M
$138.0M
$215.0M
$83.0M
Income/(loss) attributable to Shell plc shareholders
$16.5B
$8.4B
$10.9B
$11.8B
Basic earnings per share ($ per share)
$2.94
$1.40
$1.70
$1.73
Diluted earnings per share ($ per share)
$2.91
$1.39
$1.68
$1.71
Balance sheet
Shell Plc ADR balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Goodwill
$15.7B
$16.0B
$16.7B
$16.0B
Other intangible assets
$11.0B
$9.5B
$10.3B
$9.7B
Property, plant and equipment
$185.1B
$185.2B
$194.8B
$198.6B
Joint ventures and associates
$27.8B
$23.4B
$24.5B
$23.9B
Investments in securities
$1.6B
$2.3B
$3.2B
$3.4B
Deferred tax
$8.2B
$6.9B
$6.5B
$7.8B
Retirement benefits
$5.1B
$10.0B
$9.2B
$10.2B
Trade and other receivables
$8.3B
$6.0B
$6.3B
$6.9B
Derivative financial instruments
$619.0M
$374.0M
$801.0M
$582.0M
Non-current assets
$263.2B
$259.7B
$272.2B
$277.1B
Inventories
$22.2B
$23.4B
$26.0B
$31.9B
Trade and other receivables
$44.6B
$45.9B
$53.3B
$66.5B
Derivative financial instruments
$9.1B
$9.7B
$15.1B
$24.4B
Cash and cash equivalents
$30.2B
$39.1B
$38.8B
$40.2B
Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners
$106.1B
$118.1B
$133.2B
$163.1B
Assets classified as held for sale
$1.0B
$9.9B
$951.0M
$2.9B
Current assets
$107.2B
$127.9B
$134.1B
$165.9B
Total assets
$370.4B
$387.6B
$406.3B
$443.0B
Debt
$66.5B
$65.4B
$71.6B
$74.8B
Trade and other payables
$4.5B
$3.3B
$3.1B
$3.4B
Derivative financial instruments
$1.1B
$2.2B
$2.3B
$3.6B
Deferred tax
$12.0B
$13.5B
$15.3B
$16.2B
Retirement benefits
$7.1B
$6.8B
$7.5B
$7.3B
Decommissioning and other provisions
$21.4B
$21.2B
$22.5B
$23.8B
Non-current liabilities
$112.6B
$112.4B
$122.4B
$129.1B
Debt
$9.1B
$11.6B
$9.9B
$9.0B
Trade and other payables
$57.8B
$60.7B
$68.2B
$79.4B
Derivative financial instruments
$5.7B
$7.4B
$9.5B
$23.8B
Income taxes payable
$3.1B
$4.6B
$3.4B
$4.9B
Decommissioning and other provisions
$5.9B
$4.5B
$4.0B
$2.9B
Total current liabilities other than liabilities included in disposal groups classified as held for sale
$81.6B
$88.8B
$95.2B
$119.9B
Liabilities directly associated with assets classified as held for sale
$820.0M
$6.2B
$307.0M
$1.4B
Current liabilities
$82.4B
$95.0B
$95.5B
$121.3B
Total liabilities
$195.0B
$207.4B
$217.9B
$250.4B
Share capital
$477.0M
$510.0M
$544.0M
$584.0M
Shares held in trust
-847.0M
-803.0M
-997.0M
-726.0M
Other reserves
$21.2B
$19.8B
$21.1B
$21.1B
Retained earnings
$153.5B
$158.8B
$165.9B
$169.5B
Equity attributable to Shell plc shareholders
$174.4B
$178.3B
$186.6B
$190.5B
Non-controlling interest
$927.0M
$1.9B
$1.8B
$2.1B
Total equity
$175.3B
$180.2B
$188.4B
$192.6B
Total liabilities and equity
$370.4B
$387.6B
$406.3B
$443.0B
Shell Plc ADR balance sheet, quarters
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Goodwill
$15.0B
$16.3B
$16.5B
$17.7B
Other intangible assets
$10.4B
$11.3B
$9.4B
$8.6B
Property, plant and equipment
$182.3B
$186.5B
$189.7B
$197.2B
Joint ventures and associates
$28.0B
$23.5B
$25.1B
$24.4B
Investments in securities
$1.5B
$2.2B
$3.0B
$3.4B
Deferred tax
$6.6B
$7.5B
$5.9B
$6.2B
Retirement benefits
$5.3B
$11.0B
$9.5B
$10.4B
Trade and other receivables
$8.0B
$7.3B
$6.8B
$6.0B
Derivative financial instruments
$558.0M
$692.0M
$348.0M
$541.0M
Non-current assets
$257.7B
$266.3B
$266.1B
$274.5B
Inventories
$26.6B
$23.3B
$26.4B
$27.0B
Trade and other receivables
$52.9B
$45.6B
$50.6B
$52.4B
Derivative financial instruments
$9.5B
$9.4B
$11.7B
$15.6B
Cash and cash equivalents
$31.4B
$32.7B
$38.1B
$45.1B
Current assets before assets classified as held for sale
$120.4B
$111.0B
$126.9B
$140.1B
Assets classified as held for sale
$2.4B
$10.6B
$1.7B
$417.0M
Current assets
$122.8B
$121.6B
$128.6B
$140.5B
Total assets
$380.5B
$387.9B
$394.8B
$415.0B
Debt
$64.5B
$65.2B
$64.6B
$72.3B
Trade and other payables
$7.3B
$5.9B
$4.5B
$4.4B
Derivative financial instruments
$1.1B
$1.0B
$2.4B
$3.1B
Deferred tax
$11.8B
$12.9B
$15.3B
$16.0B
Retirement benefits
$6.6B
$7.0B
$6.7B
$7.5B
Decommissioning and other provisions
$21.8B
$20.8B
$22.6B
$23.6B
Non-current liabilities
$113.1B
$112.8B
$116.1B
$126.8B
Debt
$8.5B
$10.5B
$10.8B
$12.1B
Trade and other payables
$60.7B
$58.4B
$63.9B
$64.0B
Derivative financial instruments
$7.2B
$6.5B
$8.1B
$12.5B
Income taxes payable
$4.3B
$3.6B
$4.1B
$4.5B
Decommissioning and other provisions
$3.9B
$5.2B
$3.6B
$3.0B
Current liabilities other than liabilities included in disposal groups classified as held for sale
$84.8B
$84.2B
$90.6B
$96.1B
Liabilities directly associated with assets classified as held for sale
$821.0M
$7.9B
$857.0M
$6.0M
Current liabilities
$85.6B
$92.0B
$91.5B
$96.1B
Total liabilities
$198.7B
$204.8B
$207.6B
$222.9B
Equity attributable to Shell plc shareholders
$180.8B
$181.1B
$185.4B
$190.5B
Non-controlling interest
$995.0M
$2.0B
$1.8B
$1.6B
Total equity
$181.8B
$183.1B
$187.2B
$192.1B
Total liabilities and equity
$380.5B
$387.9B
$394.8B
$415.0B
Cash flow statement
Shell Plc ADR cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Income before taxation for the period
$29.8B
$29.9B
$32.6B
—
Interest expense (net)
$2.7B
$2.4B
$2.4B
—
Depreciation, depletion and amortisation
$25.3B
$26.9B
$31.3B
—
Exploration well write-offs
$377.0M
$1.6B
$868.0M
—
Net (gains)/losses on sale and revaluation of non-current assets and businesses
($3.2B)
$288.0M
($246.0M)
—
Share of profit of joint ventures and associates
($1.6B)
($3.0B)
($3.7B)
—
Dividends received from joint ventures and associates
$4.6B
$3.6B
$3.7B
—
Decrease in inventories
$1.9B
$1.3B
$6.3B
—
Decrease in current receivables
$2.2B
$6.6B
$12.4B
—
Decrease in current payables
($6.0B)
($5.8B)
($10.9B)
—
Derivative financial instruments
($98.0M)
$2.5B
($5.7B)
—
Retirement benefits
($341.0M)
($326.0M)
($37.0M)
—
Decommissioning and other provisions
($1.4B)
($828.0M)
($473.0M)
—
Other
$218.0M
$1.5B
($550.0M)
—
Tax paid
($11.6B)
($12.0B)
($13.7B)
—
Cash flow from operating activities
$42.9B
$54.7B
$54.2B
—
Cash capital expenditure
($20.9B)
($21.1B)
—
—
Capital expenditure
($18.9B)
($19.6B)
($23.0B)
—
Investments in joint ventures and associates
($1.9B)
($1.4B)
($1.2B)
—
Investments in equity securities
($82.0M)
($80.0M)
($197.0M)
—
Proceeds from sale of property, plant and equipment and businesses
$1.1B
$1.6B
$2.6B
—
Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans
$1.2B
$590.0M
$474.0M
—
Proceeds from sale of equity securities
$33.0M
$582.0M
$51.0M
—
Interest received
$2.0B
$2.4B
$2.1B
—
Other investing cash inflows
$2.6B
$4.6B
$4.3B
—
Other investing cash outflows
($2.9B)
($3.8B)
($2.8B)
—
Cash flow from investing activities
($16.8B)
($15.2B)
($17.7B)
—
Net decrease in debt with maturity period within three months
($262.0M)
($310.0M)
($211.0M)
—
New borrowings
$2.9B
$363.0M
$1.0B
—
Repayments
($11.8B)
($9.7B)
($10.7B)
—
Interest paid
($4.1B)
($4.6B)
($4.4B)
—
Derivative financial instruments
$1.3B
($594.0M)
$723.0M
—
Change in non-controlling interest
($18.0M)
($15.0M)
($22.0M)
—
Shell plc shareholders
($8.5B)
($8.7B)
($8.4B)
—
Non-controlling interest
($147.0M)
($295.0M)
($764.0M)
—
Repurchases of shares
-13.9B
-13.9B
-14.6B
—
Shares held in trust: net purchases and dividends received
-1.3B
-789.0M
-889.0M
—
Cash flow from financing activities
($35.8B)
($38.4B)
($38.2B)
—
Effects of exchange rate changes on cash and cash equivalents
$866.0M
($761.0M)
$306.0M
—
(Decrease)/increase in cash and cash equivalents
($8.9B)
$336.0M
($1.5B)
—
Cash and cash equivalents at beginning of year
$39.1B
$38.8B
$40.2B
—
Cash and cash equivalents at end of year
$30.2B
$39.1B
$38.8B
$40.2B
Shell Plc ADR cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Income before taxation for the period
$25.1B
$14.9B
$18.4B
$19.7B
– Interest expense (net)
$1.9B
$1.2B
$1.2B
$1.3B
– Depreciation, depletion and amortisation
$11.9B
$12.1B
$13.4B
$14.2B
– Exploration well write-offs
$0
$234.0M
$823.0M
$440.0M
– Net (gains)/losses on sale and revaluation of non-current assets and businesses
($706.0M)
($1.0M)
($154.0M)
($98.0M)
– Share of (profit)/loss of joint ventures and associates
($548.0M)
($1.3B)
($2.2B)
($2.2B)
– Dividends received from joint ventures and associates
$1.1B
$2.9B
$1.5B
$1.8B
– (Increase)/decrease in inventories
($2.9B)
$827.0M
($1.6B)
$5.4B
– (Increase)/decrease in current receivables
($8.8B)
$1.0B
$1.8B
$14.2B
– Increase/(decrease) in current payables
$4.0B
($4.9B)
($3.2B)
($15.6B)
– Derivative financial instruments
$1.1B
$381.0M
$1.6B
($3.2B)
– Retirement benefits
($232.0M)
($118.0M)
($392.0M)
$30.0M
– Decommissioning and other provisions
($1.2B)
($906.0M)
($931.0M)
($320.0M)
– Other
$2.0B
$1.3B
$2.5B
$624.0M
Tax paid
($5.2B)
($6.3B)
($6.1B)
($6.9B)
Cash flow from operating activities
$27.5B
$21.2B
$26.8B
$29.3B
Capital expenditure
($7.8B)
($9.1B)
($8.4B)
($10.8B)
Investments in joint ventures and associates
($613.0M)
($819.0M)
($761.0M)
($743.0M)
Investments in equity securities
($39.0M)
($32.0M)
($25.0M)
($114.0M)
Cash capital expenditure
($8.4B)
($10.0B)
($9.2B)
—
Proceeds from sale of property, plant and equipment and businesses
$638.0M
$502.0M
$1.0B
$1.8B
Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans
$113.0M
$34.0M
$190.0M
$357.0M
Proceeds from sale of equity securities
$70.0M
$24.0M
$570.0M
$20.0M
Interest received
$736.0M
$1.0B
$1.2B
$970.0M
Other investing cash inflows
$870.0M
$866.0M
$1.7B
$2.6B
Other investing cash outflows
($1.0B)
($1.8B)
($2.4B)
($1.4B)
Cash flow from investing activities
($7.0B)
($9.4B)
($6.9B)
($7.3B)
Net increase/(decrease) in debt with maturity period within three months
$188.0M
($127.0M)
($286.0M)
($272.0M)
– New borrowings
$193.0M
$319.0M
$299.0M
$777.0M
– Repayments
($6.0B)
($6.6B)
($5.7B)
($3.2B)
Interest paid
($2.2B)
($2.1B)
($2.2B)
($2.0B)
Derivative financial instruments
($289.0M)
$1.2B
($412.0M)
$48.0M
Change in non-controlling interest
$34.0M
($25.0M)
($5.0M)
($27.0M)
– Shell plc shareholders
($4.3B)
($4.3B)
($4.4B)
($4.0B)
– Non-controlling interest
($38.0M)
($113.0M)
($150.0M)
($585.0M)
Repurchases of shares
-6.2B
-6.8B
-6.8B
-7.9B
Shares held in trust: net sales/(purchases) and dividends received
-425.0M
-773.0M
-486.0M
-146.0M
Cash flow from financing activities
($19.0B)
($19.3B)
($20.1B)
($17.4B)
Effects of exchange rate changes on cash and cash equivalents