SHEL: the annual earnings and cash-flow comparison
A two-period review of SHEL revenue, profitability and cash conversion; reported revenue growth was -6.13%.
Data through 2025-12-31
SHEL / Energy
Crude Petroleum & Natural Gas
Shell plc is an SEC-reporting issuer listed on NYSE under SHEL. Its SEC industry description is Crude Petroleum & Natural Gas. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.
Producers, refiners and service providers respond differently to commodity prices, project spending and capacity utilization.
Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.
Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.
| Metric | 2025-12-31 | 2024-12-31 | Source filed |
|---|---|---|---|
| Revenue | USD 266,886m | USD 284,312m | 2026-03-12 |
| Operating income | Not available | Not available | 2026-03-12 |
| Net income | USD 18,119m | USD 16,521m | 2026-03-12 |
| Diluted EPS | Not available | Not available | 2026-03-12 |
| Operating cash flow | USD 42,863m | USD 54,687m | 2026-03-12 |
| Capital expenditure | Not available | Not available | 2026-03-12 |
| Free cash flow | Not available | Not available | 2026-03-12 |
| Gross margin | Not available | Not available | 2026-03-12 |
| Operating margin | Not available | Not available | 2026-03-12 |
FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.
{
"revenue": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 266886000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025",
"tag": "ifrs-full:Revenue",
"unit": "USD"
},
"netIncome": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 18119000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025",
"tag": "ifrs-full:ProfitLoss",
"unit": "USD"
},
"operatingCashFlow": {
"start": "2025-01-01",
"end": "2025-12-31",
"val": 42863000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025",
"tag": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"unit": "USD"
},
"totalAssets": {
"end": "2025-12-31",
"val": 370350000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025Q4I",
"tag": "ifrs-full:Assets",
"unit": "USD"
},
"totalLiabilities": {
"end": "2025-12-31",
"val": 195031000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025Q4I",
"tag": "ifrs-full:Liabilities",
"unit": "USD"
},
"shareholdersEquity": {
"end": "2025-12-31",
"val": 174392000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025Q4I",
"tag": "ifrs-full:EquityAttributableToOwnersOfParent",
"unit": "USD"
},
"currentAssets": {
"end": "2025-12-31",
"val": 107173000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025Q4I",
"tag": "ifrs-full:CurrentAssets",
"unit": "USD"
},
"currentLiabilities": {
"end": "2025-12-31",
"val": 82415000000,
"accn": "0001628280-26-017024",
"fy": 2025,
"fp": "FY",
"form": "20-F",
"filed": "2026-03-12",
"frame": "CY2025Q4I",
"tag": "ifrs-full:CurrentLiabilities",
"unit": "USD"
}
}Reported fiscal periods, not a live price chart.
Interactive chart loads in the browser. The full annual values are available below.
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | USD 266,886m | USD 18,119m | Not available |
| 2024-12-31 | USD 284,312m | USD 16,521m | Not available |
| 2023-12-31 | USD 316,620m | USD 19,636m | Not available |
| 2022-12-31 | USD 381,314m | USD 42,874m | Not available |
This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.
| Measure | Interpretation |
|---|---|
| P/E | Price divided by EPS; identify annual, trailing or forward basis. |
| P/S & P/B | Market capitalization divided by sales or book equity. |
| EV / EBITDA | Enterprise value and EBITDA need consistent definitions. |
| FCF yield | Free cash flow divided by dated market capitalization. |
A sector median is descriptive, not a fair-value estimate. Explore sector context ↗
SHEL filed this 20-F on 2026-03-12 for the reported period 2025-12-31. Reading focus: Realized prices, production volumes, refining economics and capital expenditure. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.
Read SEC original ↗A two-period review of SHEL revenue, profitability and cash conversion; reported revenue growth was -6.13%.
Annual revenue of USD 266.886 billion and net income of USD 18.119 billion for the period ended 2025-12-31.
Commodity cycles, project execution, reserve replacement, environmental liabilities and geopolitical exposure.
Realized prices, production volumes, refining economics and capital expenditure.