SHELL FINANCIAL STATEMENTS

Shell PLC — balance sheet, income statement and cash flow trends

SHELLShell PLC

🇳🇱 Netherlands · AS · Energy · Oil & Gas Integrated

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
0200 B400 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue271.7 B $Gross Profit45.8 B $ · 17%Operating Income32.1 B $ · 12%Pre-tax Income30.6 B $ · 11%Net Income18.6 B $ · 7%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue271.7 B $-3.3%
Gross Profit45.8 B $+7.6%
Operating Income32.1 B $+17.3%
EBITDA56.7 B $+0.3%
Net Income18.6 B $+37.5%

Peer Comparison· Oil & Gas Integrated

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
SHELL-3.3%16.9%20.9%6.8%
CVX-3.7%25.4%22.3%5.9%
TTE-4.0%30.9%23.4%8.2%
XOM-4.1%25.5%18.5%7.8%
SU2.7%40.9%32.2%12.2%
IMO-1.2%16.1%13.7%6.1%
Industry median-3.5%23.6%21.7%6.9%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
0200 B400 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets380.1 B
  • Equity173.4 B $46%
  • Current Liabilities93.4 B $25%
  • Long-term Liabilities112.4 B $30%

Key Figures

YoY change
Total Assets380.1 B $-2.3%
Total Liabilities205.7 B $-1.4%
Total Equity173.4 B $-3.1%
Cash & ST Investments23.1 B $-35.2%
Total Debt75.5 B $-1.3%
Net Debt52.5 B $+28.2%

Peer Comparison· Oil & Gas Integrated

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
SHELL1.2743.6%0.9245.6%
CVX1.0924.7%0.9755.7%
TTE1.0852.2%0.7939.0%
XOM1.0418.7%0.6554.8%
SU1.4232.4%0.6949.3%
IMO1.2318.5%0.4650.0%
Industry median1.2443.6%0.9245.6%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
020 B40 B60 B202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
020 B40 B37.8 B $Operating-17.2 B $Investing-33.2 B $Financing-12.6 B $Net Change

Key Figures

YoY change
Operating Cash Flow37.8 B $-25.4%
Capital Expenditures19 B $-2.0%
Free Cash Flow18.8 B $-39.8%
Dividends Paid-8.4 B $-196.8%

Peer Comparison· Oil & Gas Integrated

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
SHELL13.9%6.9%7.0%203.3%
CVX16.7%7.2%9.5%282.3%
TTE15.4%6.0%9.4%187.8%
XOM14.6%5.8%8.9%188.5%
SU25.1%13.9%11.2%206.4%
IMO13.0%8.5%4.5%212.1%
Industry median15.0%7.0%9.1%204.8%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on SHELL

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.