Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) Financial Statements
Historical financial data — 5 statements covering FY2021–FY2025
Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural g...
Shell plc American Depositary Shares (Each represents two Ordinary shares)'s revenue decreased 6.1% year over year, from $284.31B to $266.89B.
Net income increased 10.8% over the same period, from $16.09B to $17.84B.
Over the 4-year period from FY2021 to FY2025, revenue grew by 2% in total.
Total debt remained relatively stable at $73.08B.
The debt-to-equity ratio stands at 0.40, indicating a moderate leverage profile.
Operating cash flow grew 14.6% to $49.14B.
Shell plc American Depositary Shares (Each represents two Ordinary shares) maintains a moderate net profit margin of 6.7%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2021 | $261.50B | $20.10B | $62.77B | $24.81B | $68.41B | $443.02B | $83.80B | $192.60B |
| FY2022 | $381.31B+45.8% | $42.31B | $97.31B | $64.33B | $54.19B | $406.27B | $81.64B | $188.36B |
| FY2023 | $316.62B-17.0% | $19.36B | $78.50B | $34.63B | $54.69B | $387.61B | $77.14B | $180.17B |
| FY2024 | $284.31B-10.2% | $16.09B | $72.81B | $33.45B | $42.86B | $370.35B | $75.69B | $175.32B |
| FY2025 | $266.89B-6.1% | $17.84B | $67.79B | $29.83B | $49.14B | $380.51B | $73.08B | $181.78B |
Balance Sheet Summary (FY2025)
Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) Financial Statements & Revenue History
Shell plc American Depositary Shares (Each represents two Ordinary shares) (SHEL) is a US-listed stock operating in the Energy sector trading at $106.20 with a market capitalization of $302. This page provides 5 historical financial statements for Shell plc American Depositary Shares (Each represents two Ordinary shares), including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Shell plc American Depositary Shares (Each represents two Ordinary shares) reported revenue of $266.9 billion, a 6.1% decline from the prior year. The net profit margin of 6.7% indicates moderate profitability. The debt-to-equity ratio of 0.40 shows conservative leverage.
SHEL Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Shell plc American Depositary Shares (Each represents two Ordinary shares)'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether SHEL is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track SHEL's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Shell plc American Depositary Shares (Each represents two Ordinary shares) converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of SHEL's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use SHEL Financial Data
Investors use Shell plc American Depositary Shares (Each represents two Ordinary shares)'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare SHEL's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how SHEL's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View SHEL's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Shell plc American Depositary Shares (Each represents two Ordinary shares)'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.SHEL trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.

