Shell

SHEL · LSE · GBp

3,614.50 GBp+0.50%+18.00 GBp

Close · October 5, 2026

At a glance

Revenue growth: −6.13%; 2025 vs 2024
Net income growth: +10.83%; 2025 vs 2024
Net margin: 6.7%; 2024: 5.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	370,350	387,609	406,270	443,024	404,379	379,268	404,336	399,194	407,097	411,275
Current assets	107,173	127,926	134,115	165,938	128,765	91,954	92,689	97,482	95,404	86,569
Cash and equivalents	30,216	39,110	38,774	40,246	36,970	31,830	18,055	26,741	20,312	19,130
Receivables	40,275	40,147	47,117	51,999	44,233	29,944	39,132	37,076	40,625	35,497
Inventory	22,216	23,426	26,019	31,894	25,258	19,457	24,071	21,117	25,223	21,775
Net property, plant and equipment	185,077	185,219	194,835	198,642	194,932	209,700	238,349	223,175	226,380	236,098
Goodwill	15,662	16,032	16,660	16,039	14,920	14,039	14,205	13,716	13,662	12,987
Other intangible assets	11,010	9,480	10,253	9,662	9,773	8,671	9,281	9,870	10,518	10,980
Long-term investments	29,332	25,700	27,703	27,226	27,212	25,673	25,797	28,403	35,149	39,207
Current liabilities	82,415	95,034	95,467	121,311	95,547	73,708	79,624	77,813	79,767	73,825
Accounts payable	28,140	29,767	34,591	42,632	34,136	22,664	29,497	30,351	33,196	28,069
Long-term debt	42,219	41,500	48,564	51,532	57,499	66,838	55,779	53,686	59,430	69,256
Total debt	75,182	76,500	80,794	82,769	88,571	100,479	92,462	76,131	84,454	90,689
Total liabilities	195,031	207,441	217,908	250,427	229,053	220,731	213,873	196,660	209,285	222,764
Total equity (incl. minority)	175,319	180,168	188,362	192,597	175,326	158,537	190,463	202,534	197,812	188,511
Retained earnings	153,528	158,834	165,915	169,482	153,026	142,616	172,431	182,606	177,645	175,566
Minority interest	927	1,861	1,755	2,125	3,360	3,227	3,987	3,888	3,456	1,865