Shell
3,596.50 GBpChange from previous close: +0.21%Absolute change: +7.50 GBp
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 21,432 | 6,062 | 9,438 | 12,207 | 11,937 | 9,281 | 13,165 | 14,684 | 13,508 | 13,330 | 12,569 | 12,332 |
| Depreciation and amortization | 5,559 | 5,739 | 6,724 | 5,872 | 5,669 | 5,159 | 7,187 | 5,728 | 5,911 | 6,207 | 10,519 | 5,901 |
| Capital expenditure | -4,031 | -3,757 | -5,249 | -4,557 | -5,450 | -3,748 | -6,487 | -4,690 | -4,445 | -3,980 | -6,960 | -5,259 |
| Investing cash flow | -3,908 | -3,136 | -5,189 | -2,257 | -5,406 | -3,959 | -4,432 | -3,857 | -3,338 | -3,528 | -5,654 | -4,827 |
| Financing cash flow | -9,166 | -9,820 | -7,050 | -9,473 | -10,106 | -9,183 | -10,890 | -7,452 | -11,846 | -8,248 | -11,700 | -9,147 |
| Dividends paid | -2,164 | -2,100 | -2,069 | -2,103 | -2,122 | -2,179 | -2,114 | -2,167 | -2,177 | -2,210 | -2,201 | -2,179 |
| Share repurchases | -3,003 | -3,605 | -3,798 | -3,765 | -3,538 | -4,079 | -3,888 | -3,537 | -3,982 | -3,286 | -4,690 | -2,755 |
| Debt issued | 372 | 10.0 | 2,425 | 176 | 180 | 219 | -14.0 | 78.0 | 132 | 167 | 65.0 | 275 |
| Debt repaid | -3,206 | -2,794 | -2,478 | -2,873 | -4,283 | -2,514 | -2,599 | -1,411 | -4,333 | -1,639 | -4,080 | -3,368 |
| Effect of exchange rates | -101 | -205 | -36.0 | -106 | 655 | 353 | -985 | 729 | -126 | -379 | 528 | -421 |
| Net change in cash | 8,257 | -7,099 | -2,837 | 371 | -2,919 | -3,509 | -3,142 | 4,104 | -1,801 | 1,175 | -4,257 | -2,063 |
| Free cash flow | 17,401 | 2,305 | 4,189 | 7,650 | 6,487 | 5,533 | 6,678 | 9,994 | 9,063 | 9,350 | 5,609 | 7,073 |
| Levered free cash flow | 8,951 | -1,403 | 9,733 | 4,175 | 3,071 | 5,698 | 4,616 | 9,080 | 7,359 | 7,487 | 8,337 | 4,952 |