Shell plc (SHEL) Q2 FY2026 Financial Statements: Total revenue and other income $96.35B, Income attributable to shareholders $10.82B
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PeriodQ2 FY2026
Published
Shell plc reported income attributable to shareholders of $10.82 billion for Q2 FY2026, the quarter ended June 30, 2026, up 200.5% from $3.60 billion a year earlier, on total revenue and other income of $96.35 billion, up 45.0%. Adjusted Earnings, Shell's measure that excludes identified items and inventory price effects, were $9.84 billion, up 130.7%, and diluted earnings per American Depositary Share were $3.84. Oil and gas production available for sale fell to 2,455 thousand barrels of oil equivalent a day, down 8.5% from a year earlier; against the first quarter, Shell attributed its higher earnings mainly to higher realised prices and trading results, partly offset by lower volumes from the Middle East conflict's impact on Qatari output.
| Metric | Amount | vs. year ago |
|---|---|---|
| Total revenue and other income | $96,354,000,000 | up 45.0% |
| Income attributable to shareholders | $10,821,000,000 | up 200.5% |
| Diluted EPS per ADS | $3.84 | up 220.0% |
| Adjusted Earnings | $9,836,000,000 | up 130.7% |
| Oil and gas production (thousand boe per day) | 2,455 | down 8.5% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | SHEL |
|---|---|
| CIK | 0001306965 |
| Company | Shell plc |
| Business type | integrated_oil_and_gas |
| Schema template | integrated oil and gas (IFRS): income statement as Shell presents it (revenue, purchases, operating cost lines, DD&A, interest, tax, income attributable to shareholders, EPS); balance sheet; cash flow; Shell's own non-GAAP measures (Adjusted Earnings, Adjusted EBITDA, free cash flow, net debt, gearing) kept in a separate block; segment Adjusted Earnings, third-party revenue and cash capital expenditure; production and LNG volumes |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual US dollars (not millions); per-share figures are per American Depositary Share (one ADS = two ordinary shares); share counts are ordinary shares; ratios and returns are percent; volumes are in the units named in each field |
SHEL annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 20-F | 20-F | 20-F |
| Income statement | |||
| Revenue | 266,886,000,000 | 284,312,000,000 | 316,620,000,000 |
| Share of profit of joint ventures and associates | 1,618,000,000 | 2,993,000,000 | 3,725,000,000 |
| Interest and other income | 5,227,000,000 | 1,724,000,000 | 2,838,000,000 |
| Total revenue and other income | 273,731,000,000 | 289,029,000,000 | 323,183,000,000 |
| Purchases | 177,194,000,000 | 188,120,000,000 | 212,883,000,000 |
| Production and manufacturing expenses | 21,898,000,000 | 23,379,000,000 | 25,240,000,000 |
| Selling distribution and administrative expenses | 12,607,000,000 | 12,439,000,000 | 13,433,000,000 |
| Research and development | 1,170,000,000 | 1,099,000,000 | 1,287,000,000 |
| Exploration | 1,136,000,000 | 2,411,000,000 | 1,750,000,000 |
| Depreciation depletion and amortisation | 25,299,000,000 | 26,872,000,000 | 31,290,000,000 |
| Interest expense | 4,671,000,000 | 4,787,000,000 | 4,673,000,000 |
| Total expenditure | 243,975,000,000 | 259,107,000,000 | 290,556,000,000 |
| Income before taxation | 29,756,000,000 | 29,922,000,000 | 32,627,000,000 |
| Taxation charge | 11,637,000,000 | 13,401,000,000 | 12,991,000,000 |
| Income for the period including noncontrolling interest | 18,119,000,000 | 16,521,000,000 | 19,636,000,000 |
| Net income attributable to noncontrolling interest | 282,000,000 | 427,000,000 | 277,000,000 |
| Net income attributable to shareholders | 17,837,000,000 | 16,094,000,000 | 19,359,000,000 |
| Basic EPS | 6.06 | 5.10 | 5.76 |
| Diluted EPS | 6.00 | 5.06 | 5.70 |
| Basic weighted average shares | 5,890,800,000 | 6,299,600,000 | 6,733,500,000 |
| Diluted shares | 5,948,600,000 | 6,363,700,000 | 6,799,800,000 |
| Balance sheet | |||
| Goodwill | 15,662,000,000 | 16,032,000,000 | |
| Other intangible assets | 11,010,000,000 | 9,480,000,000 | |
| Property plant and equipment | 185,077,000,000 | 185,219,000,000 | |
| Joint ventures and associates | 27,775,000,000 | 23,445,000,000 | |
| Total non current assets | 263,177,000,000 | 259,683,000,000 | |
| Inventories | 22,216,000,000 | 23,426,000,000 | |
| Trade and other receivables current | 44,597,000,000 | 45,860,000,000 | |
| Cash and cash equivalents | 30,216,000,000 | 39,110,000,000 | |
| Assets classified as held for sale | 1,030,000,000 | 9,857,000,000 | |
| Total current assets | 107,173,000,000 | 127,926,000,000 | |
| Total assets | 370,350,000,000 | 387,609,000,000 | |
| Non current debt | 66,515,000,000 | 65,448,000,000 | |
| Total non current liabilities | 112,616,000,000 | 112,407,000,000 | |
| Current debt | 9,128,000,000 | 11,630,000,000 | |
| Trade and other payables current | 57,770,000,000 | 60,693,000,000 | |
| Liabilities associated with assets held for sale | 820,000,000 | 6,203,000,000 | |
| Total current liabilities | 82,415,000,000 | 95,034,000,000 | |
| Total liabilities | 195,031,000,000 | 207,441,000,000 | |
| Equity attributable to shell shareholders | 174,392,000,000 | 178,307,000,000 | |
| Noncontrolling interest | 927,000,000 | 1,861,000,000 | |
| Total equity | 175,319,000,000 | 180,168,000,000 | |
| Total debt | 75,643,000,000 | 77,078,000,000 | |
| Ordinary shares issued at period end | 5,718,636,398 | 6,115,031,158 | |
| Cash flow | |||
| Operating cash flow | 42,863,000,000 | 54,687,000,000 | 54,191,000,000 |
| Tax paid | 11,638,000,000 | 12,002,000,000 | 13,712,000,000 |
| Capex | 18,947,000,000 | 19,601,000,000 | 22,993,000,000 |
| Investments in joint ventures and associates | 1,886,000,000 | 1,404,000,000 | 1,202,000,000 |
| Cash capital expenditure | 20,915,000,000 | 21,085,000,000 | 24,392,000,000 |
| Net cash from investing activities | -16,811,000,000 | -15,155,000,000 | -17,734,000,000 |
| Debt repayments | 11,806,000,000 | 9,672,000,000 | 10,650,000,000 |
| Interest paid | 4,104,000,000 | 4,557,000,000 | 4,441,000,000 |
| Dividends paid to shell shareholders | 8,472,000,000 | 8,668,000,000 | 8,393,000,000 |
| Share repurchases | 13,879,000,000 | 13,898,000,000 | 14,617,000,000 |
| Net cash from financing activities | -35,812,000,000 | -38,435,000,000 | -38,235,000,000 |
| Cash and cash equivalents at end of period | 30,216,000,000 | 39,110,000,000 | 38,774,000,000 |
| Free cash flow | 23,916,000,000 | 35,086,000,000 | 31,198,000,000 |
| Non GAAP measures | |||
| Adjusted earnings | 18,528,000,000 | 23,716,000,000 | 28,250,000,000 |
| Adjusted EBITDA | 56,135,000,000 | 65,803,000,000 | 68,538,000,000 |
| Free cash flow company definition | 26,052,000,000 | 39,533,000,000 | 36,457,000,000 |
| Operating expenses | 35,675,000,000 | 36,917,000,000 | 39,960,000,000 |
| Underlying operating expenses | 35,032,000,000 | 35,707,000,000 | 39,201,000,000 |
| Roace percent | 9.4 | 11.3 | 12.8 |
| Adjusted EPS | 6.30 | 7.52 | 8.40 |
| Net debt | 45,687,000,000 | 38,809,000,000 | 43,542,000,000 |
| Gearing percent | 20.7 | 17.7 | 18.8 |
| Shareholder returns | |||
| Dividend declared per ads | 2.892 | 2.780 | 2.588 |
| Operating metrics | |||
| Oil and gas production available for sale thousand boe per day | 2,800 | 2,836 | 2,791 |
| Lng liquefaction volumes million tonnes | 28.4 | 29.1 | 28.3 |
| Lng sales volumes million tonnes | 72.9 | 65.8 | 67.1 |
| Segment adjusted earnings | |||
| Integrated gas | 8,024,000,000 | 11,390,000,000 | 13,919,000,000 |
| Upstream | 7,442,000,000 | 8,395,000,000 | 9,806,000,000 |
| Marketing | 3,994,000,000 | 3,885,000,000 | 3,312,000,000 |
| Chemicals and products | 1,051,000,000 | 2,934,000,000 | 3,616,000,000 |
| Renewables and energy solutions | 172,000,000 | -497,000,000 | 756,000,000 |
| Corporate | -1,870,000,000 | -1,968,000,000 | -2,875,000,000 |
| Total including noncontrolling interest | 18,813,000,000 | 24,139,000,000 | 28,534,000,000 |
| Segment third party revenue | |||
| Integrated gas | 38,457,000,000 | 37,290,000,000 | 37,645,000,000 |
| Upstream | 5,105,000,000 | 6,606,000,000 | 6,475,000,000 |
| Marketing | 111,855,000,000 | 120,089,000,000 | 130,559,000,000 |
| Chemicals and products | 77,071,000,000 | 90,918,000,000 | 97,080,000,000 |
| Renewables and energy solutions | 34,359,000,000 | 29,366,000,000 | 44,819,000,000 |
| Corporate | 39,000,000 | 43,000,000 | 42,000,000 |
| Total | 266,886,000,000 | 284,312,000,000 | 316,620,000,000 |
| Segment cash capital expenditure | |||
| Integrated gas | 4,689,000,000 | 4,767,000,000 | 4,196,000,000 |
| Upstream | 9,316,000,000 | 7,890,000,000 | 8,343,000,000 |
| Marketing | 1,862,000,000 | 2,445,000,000 | 5,790,000,000 |
| Chemicals and products | 3,063,000,000 | 3,290,000,000 | 3,014,000,000 |
| Renewables and energy solutions | 1,866,000,000 | 2,549,000,000 | 2,681,000,000 |
| Corporate | 119,000,000 | 144,000,000 | 368,000,000 |
| Total | 20,915,000,000 | 21,085,000,000 | 24,392,000,000 |
| Conversion | |||
| Ads ratio | 2.0 | 2.0 | 2.0 |
- Accounting basis. IFRS as issued by the IASB (audited consolidated financial statements, Form 20-F)
SHEL quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q1 2026 | Q2 2025 | |
|---|---|---|---|
| Fiscal quarter | 2 | 1 | 2 |
| Period start | 2026-04-01 | 2026-01-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2026-03-31 | 2025-06-30 |
| Period type | three months | three months | three months |
| Source accession | 6-K | 6-K | 6-K |
| Income statement | |||
| Revenue | 94,664,000,000 | 69,691,000,000 | 65,406,000,000 |
| Share of profit of joint ventures and associates | 642,000,000 | -93,000,000 | 712,000,000 |
| Interest and other income | 1,048,000,000 | 535,000,000 | 326,000,000 |
| Total revenue and other income | 96,354,000,000 | 70,133,000,000 | 66,443,000,000 |
| Purchases | 64,530,000,000 | 44,775,000,000 | 44,099,000,000 |
| Production and manufacturing expenses | 5,476,000,000 | 5,745,000,000 | 4,909,000,000 |
| Selling distribution and administrative expenses | 2,911,000,000 | 2,803,000,000 | 3,077,000,000 |
| Research and development | 277,000,000 | 167,000,000 | 278,000,000 |
| Exploration | 110,000,000 | 98,000,000 | 360,000,000 |
| Depreciation depletion and amortisation | 6,183,000,000 | 5,743,000,000 | 6,670,000,000 |
| Interest expense | 1,114,000,000 | 1,473,000,000 | 1,075,000,000 |
| Total expenditure | 80,600,000,000 | 60,805,000,000 | 60,468,000,000 |
| Income before taxation | 15,754,000,000 | 9,328,000,000 | 5,975,000,000 |
| Taxation charge | 4,949,000,000 | 3,570,000,000 | 2,332,000,000 |
| Income for the period including noncontrolling interest | 10,805,000,000 | 5,758,000,000 | 3,644,000,000 |
| Net income attributable to noncontrolling interest | -16,000,000 | 64,000,000 | 43,000,000 |
| Net income attributable to shareholders | 10,821,000,000 | 5,694,000,000 | 3,601,000,000 |
| Basic EPS | 3.88 | 2.02 | 1.22 |
| Diluted EPS | 3.84 | 2.00 | 1.20 |
| Basic weighted average shares | 5,589,300,000 | 5,653,900,000 | 5,947,900,000 |
| Diluted shares | 5,637,000,000 | 5,703,700,000 | 6,004,700,000 |
| Balance sheet | |||
| Goodwill | 14,969,000,000 | ||
| Other intangible assets | 10,449,000,000 | ||
| Property plant and equipment | 182,300,000,000 | ||
| Joint ventures and associates | 27,997,000,000 | ||
| Total non current assets | 257,680,000,000 | ||
| Inventories | 26,639,000,000 | ||
| Trade and other receivables current | 52,938,000,000 | ||
| Cash and cash equivalents | 31,374,000,000 | ||
| Assets classified as held for sale | 2,395,000,000 | ||
| Total current assets | 122,833,000,000 | ||
| Total assets | 380,513,000,000 | ||
| Non current debt | 64,534,000,000 | 65,585,000,000 | 65,218,000,000 |
| Total non current liabilities | 113,118,000,000 | ||
| Current debt | 8,542,000,000 | 10,060,000,000 | 10,457,000,000 |
| Trade and other payables current | 60,742,000,000 | ||
| Liabilities associated with assets held for sale | 821,000,000 | ||
| Total current liabilities | 85,614,000,000 | ||
| Total liabilities | 198,732,000,000 | ||
| Equity attributable to shell shareholders | 180,786,000,000 | 181,137,000,000 | |
| Noncontrolling interest | 995,000,000 | 1,951,000,000 | |
| Total equity | 181,781,000,000 | 183,088,000,000 | |
| Total debt | 73,076,000,000 | 75,645,000,000 | 75,675,000,000 |
| Ordinary shares issued at period end | 5,570,928,127 | 5,912,344,106 | |
| Cash flow | |||
| Operating cash flow | 21,432,000,000 | 6,062,000,000 | 11,937,000,000 |
| Tax paid | 2,934,000,000 | 2,301,000,000 | 3,432,000,000 |
| Capex | 4,031,000,000 | 3,757,000,000 | 5,393,000,000 |
| Investments in joint ventures and associates | 187,000,000 | 426,000,000 | 406,000,000 |
| Cash capital expenditure | 4,237,000,000 | 4,202,000,000 | 5,817,000,000 |
| Net cash from investing activities | -3,908,000,000 | -3,136,000,000 | -5,406,000,000 |
| Debt repayments | 3,206,000,000 | 2,794,000,000 | 4,075,000,000 |
| Interest paid | 1,167,000,000 | 1,037,000,000 | 1,212,000,000 |
| Dividends paid to shell shareholders | 2,164,000,000 | 2,100,000,000 | 2,122,000,000 |
| Share repurchases | 3,001,000,000 | 3,182,000,000 | 3,533,000,000 |
| Net cash from financing activities | -9,166,000,000 | -9,820,000,000 | -10,106,000,000 |
| Cash and cash equivalents at end of period | 31,374,000,000 | 23,117,000,000 | 32,682,000,000 |
| Free cash flow | 17,401,000,000 | 2,305,000,000 | 6,544,000,000 |
| Non GAAP measures | |||
| Adjusted earnings | 9,836,000,000 | 6,915,000,000 | 4,264,000,000 |
| Adjusted EBITDA | 20,710,000,000 | 17,741,000,000 | 13,313,000,000 |
| Free cash flow company definition | 17,524,000,000 | 2,927,000,000 | 6,531,000,000 |
| Operating expenses | 8,664,000,000 | 8,716,000,000 | 8,265,000,000 |
| Underlying operating expenses | 8,440,000,000 | 8,585,000,000 | 8,145,000,000 |
| Roace percent | 12.4 | 9.9 | 9.4 |
| Net debt | 41,754,000,000 | 52,606,000,000 | 43,216,000,000 |
| Gearing percent | 18.7 | 23.2 | 19.1 |
| Adjusted EPS | 3.52 | 2.44 | 1.44 |
| Shareholder returns | |||
| Dividend declared per ads | 0.7812 | 0.7812 | 0.7160 |
| Operating metrics | |||
| Oil and gas production available for sale thousand boe per day | 2,455 | 2,752 | 2,682 |
| Lng liquefaction volumes million tonnes | 7.73 | 7.86 | 6.72 |
| Lng sales volumes million tonnes | 17.96 | 19.16 | 17.77 |
| Segment adjusted earnings | |||
| Integrated gas | 2,691,000,000 | 1,819,000,000 | 1,737,000,000 |
| Upstream | 3,485,000,000 | 2,377,000,000 | 1,732,000,000 |
| Marketing | 1,329,000,000 | 1,334,000,000 | 1,199,000,000 |
| Chemicals and products | 2,877,000,000 | 1,925,000,000 | 118,000,000 |
| Renewables and energy solutions | 79,000,000 | 348,000,000 | -9,000,000 |
| Corporate | -617,000,000 | -908,000,000 | -463,000,000 |
| Total including noncontrolling interest | 9,845,000,000 | 6,894,000,000 | 4,314,000,000 |
| Segment third party revenue | |||
| Integrated gas | 11,278,000,000 | 7,748,000,000 | 9,576,000,000 |
| Upstream | 1,800,000,000 | 1,400,000,000 | 1,193,000,000 |
| Marketing | 38,015,000,000 | 30,695,000,000 | 28,241,000,000 |
| Chemicals and products | 34,235,000,000 | 19,221,000,000 | 18,388,000,000 |
| Renewables and energy solutions | 9,338,000,000 | 10,622,000,000 | 7,996,000,000 |
| Corporate | -2,000,000 | 5,000,000 | 12,000,000 |
| Total | 94,664,000,000 | 69,691,000,000 | 65,406,000,000 |
| Segment cash capital expenditure | |||
| Integrated gas | 1,269,000,000 | 1,014,000,000 | 1,196,000,000 |
| Upstream | 1,633,000,000 | 2,159,000,000 | 2,826,000,000 |
| Marketing | 380,000,000 | 248,000,000 | 429,000,000 |
| Chemicals and products | 507,000,000 | 363,000,000 | 775,000,000 |
| Renewables and energy solutions | 429,000,000 | 404,000,000 | 555,000,000 |
| Corporate | 19,000,000 | 14,000,000 | 36,000,000 |
| Total | 4,237,000,000 | 4,202,000,000 | 5,817,000,000 |
| Conversion | |||
| Ads ratio | 2.0 | 2.0 | 2.0 |
- Accounting basis. IAS 34 condensed consolidated interim financial statements (unaudited, furnished on Form 6-K)
SHEL year-to-date income statement and cash flow
| Half year 2026 (six months ended June 30, 2026) | Half year 2025 (six months ended June 30, 2025) | |
|---|---|---|
| Period start | 2026-01-01 | 2025-01-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | six months | six months |
| Source accession | 6-K | 6-K |
| Income statement | ||
| Revenue | 164,355,000,000 | 134,640,000,000 |
| Share of profit of joint ventures and associates | 548,000,000 | 1,327,000,000 |
| Interest and other income | 1,583,000,000 | 628,000,000 |
| Total revenue and other income | 166,487,000,000 | 136,596,000,000 |
| Purchases | 109,304,000,000 | 89,948,000,000 |
| Production and manufacturing expenses | 11,221,000,000 | 10,459,000,000 |
| Selling distribution and administrative expenses | 5,714,000,000 | 5,917,000,000 |
| Research and development | 444,000,000 | 464,000,000 |
| Exploration | 208,000,000 | 569,000,000 |
| Depreciation depletion and amortisation | 11,926,000,000 | 12,111,000,000 |
| Interest expense | 2,587,000,000 | 2,194,000,000 |
| Total expenditure | 141,405,000,000 | 121,662,000,000 |
| Income before taxation | 25,082,000,000 | 14,934,000,000 |
| Taxation charge | 8,519,000,000 | 6,415,000,000 |
| Income for the period including noncontrolling interest | 16,564,000,000 | 8,519,000,000 |
| Net income attributable to noncontrolling interest | 48,000,000 | 138,000,000 |
| Net income attributable to shareholders | 16,515,000,000 | 8,381,000,000 |
| Basic EPS | 5.88 | 2.80 |
| Diluted EPS | 5.82 | 2.78 |
| Basic weighted average shares | 5,621,400,000 | 5,990,500,000 |
| Diluted shares | 5,670,200,000 | 6,046,000,000 |
| Cash flow | ||
| Operating cash flow | 27,495,000,000 | 21,218,000,000 |
| Tax paid | 5,235,000,000 | 6,331,000,000 |
| Capex | 7,787,000,000 | 9,141,000,000 |
| Investments in joint ventures and associates | 613,000,000 | 819,000,000 |
| Cash capital expenditure | 8,439,000,000 | 9,993,000,000 |
| Net cash from investing activities | -7,044,000,000 | -9,365,000,000 |
| Debt repayments | 6,000,000,000 | 6,589,000,000 |
| Interest paid | 2,204,000,000 | 2,059,000,000 |
| Dividends paid to shell shareholders | 4,264,000,000 | 4,300,000,000 |
| Share repurchases | 6,183,000,000 | 6,844,000,000 |
| Net cash from financing activities | -18,986,000,000 | -19,289,000,000 |
| Cash and cash equivalents at end of period | 31,374,000,000 | 32,682,000,000 |
| Free cash flow | 19,708,000,000 | 12,077,000,000 |
| Non GAAP measures | ||
| Adjusted earnings | 16,751,000,000 | 9,841,000,000 |
| Adjusted EBITDA | 38,451,000,000 | 28,563,000,000 |
| Free cash flow company definition | 20,451,000,000 | 11,853,000,000 |
| Operating expenses | 17,380,000,000 | 16,840,000,000 |
| Underlying operating expenses | 17,026,000,000 | 16,598,000,000 |
| Adjusted EPS | 5.96 | 3.28 |
| Shareholder returns | ||
| Dividend declared per ads | 1.5624 | 1.4320 |
| Operating metrics | ||
| Oil and gas production available for sale thousand boe per day | 2,603 | 2,760 |
| Lng liquefaction volumes million tonnes | 15.60 | 13.32 |
| Lng sales volumes million tonnes | 37.12 | 34.26 |
| Segment adjusted earnings | ||
| Integrated gas | 4,509,000,000 | 4,220,000,000 |
| Upstream | 5,862,000,000 | 4,068,000,000 |
| Marketing | 2,663,000,000 | 2,100,000,000 |
| Chemicals and products | 4,802,000,000 | 567,000,000 |
| Renewables and energy solutions | 427,000,000 | -51,000,000 |
| Corporate | -1,525,000,000 | -920,000,000 |
| Total including noncontrolling interest | 16,739,000,000 | 9,984,000,000 |
| Segment third party revenue | ||
| Integrated gas | 19,026,000,000 | 19,179,000,000 |
| Upstream | 3,200,000,000 | 2,703,000,000 |
| Marketing | 68,710,000,000 | 55,324,000,000 |
| Chemicals and products | 53,456,000,000 | 39,998,000,000 |
| Renewables and energy solutions | 19,960,000,000 | 17,413,000,000 |
| Corporate | 3,000,000 | 23,000,000 |
| Total | 164,355,000,000 | 134,640,000,000 |
| Segment cash capital expenditure | ||
| Integrated gas | 2,283,000,000 | 2,313,000,000 |
| Upstream | 3,792,000,000 | 4,749,000,000 |
| Marketing | 628,000,000 | 684,000,000 |
| Chemicals and products | 870,000,000 | 1,233,000,000 |
| Renewables and energy solutions | 833,000,000 | 958,000,000 |
| Corporate | 33,000,000 | 54,000,000 |
| Total | 8,439,000,000 | 9,993,000,000 |
| Conversion | ||
| Ads ratio | 2.0 | 2.0 |
- Accounting basis. IAS 34 condensed consolidated interim financial statements (unaudited, furnished on Form 6-K)
SHEL trailing twelve month income statement and cash flow
| Twelve months ended June 30, 2026 (derived) | |
|---|---|
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 6-K |
| Sources | |
| FY2025 | 0001628280-26-017024 |
| Half year 2026 and 2025 | 0001628280-26-050763 |
| Income statement | |
| Revenue | 296,601,000,000 |
| Total revenue and other income | 303,622,000,000 |
| Income before taxation | 39,904,000,000 |
| Income for the period including noncontrolling interest | 26,164,000,000 |
| Net income attributable to shareholders | 25,971,000,000 |
| Cash flow | |
| Operating cash flow | 49,140,000,000 |
| Capex | 17,593,000,000 |
| Cash capital expenditure | 19,361,000,000 |
| Dividends paid to shell shareholders | 8,436,000,000 |
| Share repurchases | 13,218,000,000 |
| Free cash flow | 31,547,000,000 |
| Non GAAP measures | |
| Adjusted earnings | 25,438,000,000 |
| Adjusted EBITDA | 66,023,000,000 |
| Free cash flow company definition | 34,650,000,000 |
- Derivation. Full year 2025 from the 2025 Form 20-F, plus the first half of 2026 and less the first half of 2025, both from the second-quarter 2026 interim report on Form 6-K. These are arithmetic combinations of reported periods, not amounts Shell itself presents.
Adjustments
| Splits applied | none |
|---|---|
| Splits note | No share split or consolidation is on record for Shell plc in the periods covered, so no per-share restatement was needed. |
| ADR ratio | 2 |
| Per share basis | Every per-share figure in this record is stated per American Depositary Share (ADS), which is what a US holder owns. The FY2025 Form 20-F states 'Each ADS represents two ordinary shares', so each per-ordinary-share amount the filings print was multiplied by two: for example, diluted earnings per share of $1.92 for the second quarter of 2026 is shown as $3.84 per ADS. Totals and share counts are as filed, and share counts are ordinary shares. |
| FX | None. Shell reports in US dollars, so no currency translation was applied. |
Notes
- Template: integrated oil and gas. The income statement follows Shell's own IFRS presentation (revenue, purchases, operating cost lines, depreciation, depletion and amortisation, interest, tax). Shell does not report a gross profit or operating income line, so none is shown.
- Annual figures (FY2025, FY2024, FY2023) come from the audited consolidated financial statements in the FY2025 Form 20-F (accession 0001628280-26-017024). Quarterly and half-year figures come from Shell's unaudited Condensed Interim Financial Report for the three and six months ended June 30, 2026, furnished as Exhibit 99.2 to the Form 6-K filed July 30, 2026 (accession 0001628280-26-050763). That report prints the second quarter of 2026, the first quarter of 2026 and the second quarter of 2025 side by side, plus both half years, so all three quarters here come from it.
- Balance sheet coverage follows what the filings print. The 20-F has balance sheets at December 31, 2025 and 2024 only, so FY2023 has no balance sheet; its net debt and gearing come from the 20-F's non-GAAP reconciliation. The interim report has a balance sheet at June 30, 2026 only. For March 31, 2026 and June 30, 2025 this record carries current, non-current and total debt from the interim report's total-debt reconciliation (Note 8). For June 30, 2025 it also carries equity from the statement of changes in equity and the issued share count from Note 4.
- The December 31, 2025 balance sheet comparative in the interim report matches the 20-F on every line taken here. No period was restated.
- Sign convention: income statement expense lines are positive, as Shell prints them. Cash flow lines named as outflows (tax paid, capex, investments in joint ventures and associates, cash capital expenditure, debt repayments, interest paid, dividends paid, share repurchases) are stored as positive amounts. Net investing and financing cash flows keep the filing's sign, so a negative value is a net outflow. Income attributable to non-controlling interest was a loss of $16 million in the second quarter of 2026 and is shown as negative.
- free_cash_flow in the cash flow block is cash flow from operating activities less the 'Capital expenditure' line. Shell defines free cash flow differently: cash flow from operating activities plus cash flow from investing activities, which also counts divestment proceeds, interest received and investments in joint ventures. Shell's figure is in non_gaap_measures.free_cash_flow_company_definition. For the second quarter of 2026 the two are $17.40 billion and $17.52 billion.
- capex is the 'Capital expenditure' line of the cash flow statement. cash_capital_expenditure is Shell's broader measure, printed in the same statement. It adds investments in joint ventures and associates and in equity securities.
- non_gaap_measures holds Shell's alternative performance measures as Shell presents them. Adjusted Earnings is measured on a current cost of supplies basis, excludes identified items (such as divestment gains, impairments and fair-value accounting effects on commodity derivatives) and excludes the non-controlling interest share. Adjusted EBITDA also strips out tax, depreciation, depletion and amortisation, exploration well write-offs and net interest, and includes the non-controlling interest share. Net debt is total debt less cash and cash equivalents, adjusted for debt-related derivatives and associated collateral. Gearing is net debt as a percentage of net debt plus total equity. roace_percent is Shell's return on average capital employed as printed. These are not IFRS measures.
- segment_adjusted_earnings shows each segment's Adjusted Earnings including the non-controlling interest share, as in Shell's segment note, so its total differs slightly from group Adjusted Earnings attributable to shareholders (second quarter of 2026: $9,845 million against $9,836 million). segment_third_party_revenue sums to consolidated revenue. segment_cash_capital_expenditure sums to cash capital expenditure.
- Earnings per share use the weighted average number of shares, which excludes shares held in employee share trusts. ordinary_shares_issued_at_period_end is the issued share count from the share capital note. Shell cancels repurchased shares, and the count fell from 5,718,636,398 at December 31, 2025 to 5,570,928,127 at June 30, 2026.
- Dividends per ADS are dividends declared in respect of each period. The interim dividend for the second quarter of 2026 is $0.3906 per ordinary share, or $0.7812 per ADS, which is also the per-ADS amount in Shell's dividend announcement of July 30, 2026 (Form 6-K, accession 0001171843-26-005059). Annual amounts are the 20-F's 'dividend per share' key metric, which counts the dividends declared for that year: for 2025, three quarterly dividends of $0.358 plus $0.372 announced in February 2026, or $1.446 per share ($2.892 per ADS). This differs from the dividends paid during 2025, $1.432 per share in the 20-F's dividends note.
- Operating metrics: oil and gas production available for sale is the group total in thousand barrels of oil equivalent per day. LNG liquefaction and LNG sales volumes are Integrated Gas segment figures in million tonnes.
- The trailing-twelve-month view is full year 2025 plus the first half of 2026 less the first half of 2025, using the printed half-year columns. No trailing earnings per share is shown, because the share count changed through the period.
- The interim report describes the ARC Resources Ltd. acquisition as a post-balance-sheet event. ARC shareholders approved it on July 14, 2026, and closing was expected in the third quarter of 2026, subject to remaining regulatory approval. No figure in this record includes ARC.
Uncertainties
- Quarterly and half-year columns are each rounded to the nearest $1 million, so the first and second quarters of 2026 can differ from the printed half-year total by $1 million on some lines (for example, cash flow from operating activities: $21,432 million plus $6,062 million against $27,495 million for the half year). The figures here are as printed.
- The interim report labels its return measure simply 'ROACE'. The 20-F's annual figure is ROACE on an Adjusted Earnings plus non-controlling interest basis. The quarterly figures are shown as printed, and the measurement window behind them is not restated here.
Company details
| Name | Shell plc |
|---|---|
| Ticker | SHEL |
| CIK | 0001306965 |
| Exchange | NYSE |
| State | |
| Incorporation | District of Columbia |
| SIC | 1311 |
| Office | Energy & Transportation |
| Industry | Crude Petroleum & Natural Gas |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 6-K |
| Accession | 0001628280-26-050763 |
| Fiscal year end | 1231 |
| Source | derived |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 20-F | 2025 | FY | FY25 | 2025-12-31 | 2026-03-12 | 0001628280-26-017024 | reported |
| quarterly | yes | 6-K | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-07-30 | 0001628280-26-050763 | derived |
FAQ · Shell financial statements
How much did Shell earn in Q2 FY2026?
Shell plc reported income attributable to shareholders of $10.82 billion for Q2 FY2026, the quarter ended June 30, 2026, up 200.5% from $3.60 billion in the same quarter a year earlier. Its Adjusted Earnings, which exclude identified items and inventory price effects, were $9.84 billion, up 130.7% from $4.26 billion.
What was Shell's revenue in Q2 FY2026?
Shell plc reported total revenue and other income of $96.35 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 45.0% from $66.44 billion in the same quarter a year earlier.
What were Shell's earnings per ADS in Q2 FY2026?
Shell plc's diluted earnings per American Depositary Share were $3.84 for Q2 FY2026, up 220.0% from $1.20 a year earlier. Each ADS represents two Shell ordinary shares.
How much oil and gas did Shell produce in Q2 FY2026?
Shell plc's oil and gas production available for sale averaged 2,455 thousand barrels of oil equivalent a day in Q2 FY2026, down 8.5% from 2,682 a year earlier. Shell said the fall in volumes against the first quarter came mainly from the Middle East conflict's impact on its Qatari output.
Where can I get Shell plc (SHEL) financial data in machine-readable form?
Ticker Scout publishes Shell plc's financial statements as JSON at https://tickerscout.ai/shel/financials.json, free, with no API key and no signup. The 20-F and 6-K narrative and the 6-K events digest are published as Markdown at https://tickerscout.ai/shel/narrative.md and https://tickerscout.ai/shel/events.md. Shell plc's SEC CIK is 0001306965. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Shell plc (SHEL) next file with the SEC?
Shell plc (SHEL) is expected to file its next Form 6-K with the SEC on or around October 29, 2026. That date is a projection rather than a company-announced date: it is derived from Shell plc's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 6-K for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001628280-26-050763.
How this page was built
This page was built from three of Shell plc's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Shell plc's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.