Shell plc (SHEL) — Financial statements
Income statement, balance sheet, and cash flow for Shell plc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 266,886↓6.1% | 284,312↓10.2% | 316,620↓17.0% | 381,314↑45.8% | 261,504 | |
| Cost of Revenue | 224,391↓5.9% | 238,371↓11.5% | 269,413↓10.9% | 302,535↑34.1% | 225,655 | |
| Gross Profit | 42,495↓7.5% | 45,941↓2.7% | 47,207↓40.1% | 78,779↑119.8% | 35,849 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,170↑6.5% | 1,099↓14.6% | 1,287↑19.7% | 1,075↑31.9% | 815 | |
| General & Administrative Expenses | 12,607↑1.4% | 12,439↓7.4% | 13,433↑4.3% | 12,883↑13.7% | 11,328 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 12,607↑1.4% | 12,439↓7.4% | 13,433↑4.3% | 12,883↑13.7% | 11,328 | |
| Other Expenses | 1,136↓52.9% | 2,411↑37.8% | 1,750↑2.2% | 1,712↑20.3% | 1,423 | |
| Operating Expenses | 14,913↓6.5% | 15,949↓3.2% | 16,470↑5.1% | 15,670↑15.5% | 13,566 | |
| Total Costs & Expenses | 239,304↓5.9% | 254,320↓11.0% | 285,883↓10.2% | 318,205↑33.0% | 239,221 | |
| Operating Results | ||||||
| Operating Income | 27,582↓8.0% | 29,992↓2.4% | 30,737↓51.3% | 63,109↑183.2% | 22,283 | |
| Depreciation & Amortization | 22,167↓17.5% | 26,872↑16.3% | 23,106↑3.2% | 22,393↓2.9% | 23,071 | |
| EBITDA | 56,664↓8.1% | 61,652↑2.1% | 60,361↓34.8% | 92,554↑63.8% | 56,506 | |
| EBIT | 34,497↓0.8% | 34,780↓6.6% | 37,255↓46.9% | 70,161↑109.8% | 33,435 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2,781↓16.0% | -2,397↓16.6% | -2,056↑52.2% | -4,300↓40.2% | -3,067 | |
| Interest Income | 1,960↓20.4% | 2,461↓4.3% | 2,572↑145.9% | 1,046↑94.1% | 539 | |
| Interest Expense | 4,741↓2.4% | 4,858↑5.0% | 4,628↓13.4% | 5,346↑48.3% | 3,606 | |
| Non-Operating Income | -6,915↓44.4% | -4,788↑26.5% | -6,518↑7.6% | -7,052↑36.8% | -11,152 | |
| Other Income / Expenses | 2,174↑3205.7% | -70↓103.7% | 1,890↑10.8% | 1,706↓77.4% | 7,546 | |
| Income Before Tax | 29,756↓0.6% | 29,922↓8.3% | 32,627↓49.7% | 64,815↑117.3% | 29,829 | |
| Income Tax Expense | 11,637↓13.2% | 13,401↑3.2% | 12,991↓40.8% | 21,941↑138.5% | 9,199 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 18,119↑9.7% | 16,521↓15.9% | 19,636↓54.2% | 42,874↑107.8% | 20,630 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 17,837↑10.8% | 16,093↓16.9% | 19,359↓54.2% | 42,309↑110.5% | 20,101 | |
| Bottom-Line Net Income | 17,837↑10.8% | 16,093↓16.9% | 19,359↓54.2% | 42,309↑110.5% | 20,101 | |
| EPS (Basic) | 6.08↑19.2% | 5.10↓11.5% | 5.76↓50.0% | 11.52↑122.4% | 5.18 | |
| EPS (Diluted) | 6.02↑19.0% | 5.06↓11.2% | 5.70↓50.1% | 11.42↑122.2% | 5.14 | |
| Weighted Average Shares | 2,945↓6.5% | 3,150↓4.7% | 3,307↓10.0% | 3,674↓5.3% | 3,881 | |
| Weighted Average Diluted Shares | 2,974↓6.5% | 3,182↓6.4% | 3,400↓8.2% | 3,705↓5.1% | 3,903 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.