Shell plc (SHEL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 119.16B | 107.17B | 121.18B | 121.6B | 126.65B | 127.93B | 125.56B | 128.63B | 133.09B | 134.12B | 141.25B | 140.49B | 150.57B | 165.94B | 163.32B | 165.22B | 152.02B | 128.76B | 131.57B | 111.68B |
| Cash & Short-Term Investments | 23.12B | 30.22B | 33.05B | 32.68B | 35.6B | 39.11B | 42.25B | 38.15B | 39.95B | 38.77B | 43.03B | 45.09B | 42.07B | 40.25B | 35.98B | 38.97B | 38.36B | 36.97B | 38.07B | 34.1B |
| Cash Only | 23.12B | 30.22B | 33.05B | 32.68B | 35.6B | 39.11B | 42.25B | 38.15B | 39.95B | 38.77B | 43.03B | 45.09B | 42.07B | 40.25B | 35.98B | 38.97B | 38.36B | 36.97B | 38.07B | 34.1B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 53.89B | 44.6B | 45.29B | 45.57B | 48.25B | 31.23B | 46.78B | 50.62B | 53.18B | 36.46B | 52.08B | 52.38B | 61.74B | 39.54B | 66.7B | 66.71B | 63.48B | 34.95B | 46.37B | 43.69B |
| Days Sales Outstanding | 63.7 | 64.51 | 61.69 | 65.26 | 51.66 | 54.14 | 63.03 | 63.42 | 56.27 | 51.73 | 62.94 | 69.63 | 52.41 | 48.24 | 64.09 | 59.2 | 52.6 | 43.86 | 69 | 63.03 |
| Inventory | 28.7B | 22.22B | 22.91B | 23.28B | 22.98B | 23.43B | 24.14B | 26.45B | 26.47B | 26.02B | 30.23B | 26.98B | 28.58B | 31.89B | 34.72B | 36.09B | 30.01B | 25.26B | 24.6B | 25.1B |
| Days Inventory Outstanding | 40.72 | 36.54 | 37.67 | 37.81 | 36.95 | 36.81 | 38.83 | 38.49 | 40.94 | 38.31 | 42.97 | 39.97 | 39.32 | 38.71 | 39.6 | 38.25 | 37.08 | 32.98 | 40.86 | 42.82 |
| Other Current Assets | 13.45B | 10.14B | 19.92B | 20.06B | 19.82B | 28.45B | 12.38B | 13.42B | 13.49B | 26.7B | 15.91B | 16.03B | 18.18B | 39.75B | 25.92B | 23.46B | 20.17B | 22.62B | 22.54B | 8.79B |
| Total Non-Current Assets | 261.44B | 263.18B | 256.56B | 266.32B | 262.59B | 259.68B | 269.39B | 266.15B | 268.95B | 272.15B | 272.25B | 274.55B | 278.58B | 277.09B | 274.04B | 282.67B | 272.97B | 275.61B | 277.2B | 286.18B |
| Property, Plant & Equipment | 185.71B | 185.08B | 183.91B | 186.46B | 183.71B | 185.22B | 191.72B | 189.66B | 191.95B | 194.84B | 197.04B | 197.18B | 199.21B | 198.64B | 193.68B | 200.12B | 193.3B | 194.93B | 196.26B | 205.27B |
| Fixed Asset Turnover | 0.38x | 0.35x | 0.37x | 0.35x | 0.38x | 0.35x | 0.37x | 0.39x | 0.37x | 0.40x | 0.39x | 0.38x | 0.44x | 0.52x | 0.49x | 0.51x | 0.43x | 0.44x | 0.30x | 0.29x |
| Goodwill | 15.19B | 15.66B | 16.03B | 16.33B | 16.07B | 16.03B | 16.6B | 16.54B | 16.55B | 16.66B | 17.34B | 17.66B | 17.65B | 16.04B | 0 | 0 | 0 | 14.92B | 0 | 0 |
| Intangible Assets | 10.87B | 11.01B | 9.55B | 11.34B | 11.37B | 9.48B | 8.19B | 9.39B | 10B | 10.25B | 8.29B | 8.64B | 9.75B | 9.66B | 24.36B | 25.54B | 24.93B | 9.77B | 22.34B | 22.46B |
| Long-Term Investments | 37B | 29.33B | 33.46B | 33.69B | 26.52B | 25.7B | 28.83B | 28.07B | 28.15B | 27.7B | 27.81B | 27.86B | 28.2B | 27.23B | 27.98B | 26.77B | 26.84B | 27.21B | 27.39B | 26.8B |
| Other Non-Current Assets | 5.19B | 13.92B | 5.53B | 10.98B | 24.93B | 23.25B | 24.06B | 22.5B | 22.3B | 22.7B | 21.77B | 23.21B | 23.77B | 25.52B | 28.02B | 30.24B | 27.89B | 28.78B | 31.21B | 31.64B |
| Total Assets | 380.6B | 370.35B | 377.74B | 387.92B | 389.25B | 387.61B | 394.95B | 394.78B | 402.04B | 406.27B | 413.5B | 415.03B | 429.15B | 443.02B | 437.36B | 447.9B | 424.99B | 404.38B | 408.77B | 397.86B |
| Asset Turnover | 0.19x | 0.17x | 0.18x | 0.17x | 0.18x | 0.17x | 0.18x | 0.19x | 0.18x | 0.19x | 0.18x | 0.18x | 0.20x | 0.23x | 0.22x | 0.23x | 0.20x | 0.21x | 0.15x | 0.15x |
| Asset Growth % | -2.22% | -4.45% | -4.36% | -1.74% | -3.18% | -4.59% | -4.49% | -4.88% | -6.32% | -8.3% | -5.46% | -7.34% | 0.98% | 9.56% | 6.99% | 12.58% | 10.27% | 6.62% | 7.78% | 6.07% |
| Total Current Liabilities | 93.47B | 82.42B | 89.62B | 92.02B | 96.08B | 95.03B | 89.63B | 91.5B | 93.91B | 95.47B | 95.13B | 96.13B | 102.68B | 121.31B | 118.67B | 118.68B | 113.3B | 95.55B | 104.23B | 84.5B |
| Accounts Payable | 64.29B | 57.77B | 56.82B | 58.38B | 60.87B | 29.77B | 61.08B | 63.94B | 66B | 34.59B | 67.19B | 64B | 68.86B | 42.63B | 70.34B | 75.44B | 71.74B | 34.14B | 59.72B | 54.95B |
| Days Payables Outstanding | 97.63 | 92.78 | 93.93 | 97.45 | 72.15 | 70.29 | 95.94 | 94.5 | 78.46 | 69.32 | 98.53 | 95.58 | 72.49 | 65.64 | 81.52 | 85.18 | 71.03 | 62.09 | 94.29 | 93.57 |
| Short-Term Debt | 10.06B | 9.13B | 10.02B | 10.46B | 11.39B | 6.94B | 12.02B | 10.85B | 11.05B | 5.37B | 10.12B | 12.11B | 9.04B | 4.62B | 8.05B | 6.52B | 7.03B | 4.08B | 10.69B | 13.04B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 15.24B | 15.52B | 19.34B | 19.54B | 19.48B | 38.67B | 12.24B | 12.62B | 12.93B | 34.31B | 17.82B | 20.02B | 24.78B | 51.13B | 40.28B | 36.71B | 34.53B | 38.23B | 33.82B | 16.51B |
| Current Ratio | 1.27x | 1.30x | 1.35x | 1.32x | 1.32x | 1.35x | 1.40x | 1.41x | 1.42x | 1.40x | 1.48x | 1.46x | 1.47x | 1.37x | 1.38x | 1.39x | 1.34x | 1.35x | 1.26x | 1.32x |
| Quick Ratio | 0.97x | 1.03x | 1.10x | 1.07x | 1.08x | 1.10x | 1.13x | 1.12x | 1.14x | 1.13x | 1.17x | 1.18x | 1.19x | 1.10x | 1.08x | 1.09x | 1.08x | 1.08x | 1.03x | 1.02x |
| Cash Conversion Cycle | 6.8 | 8.27 | 5.43 | 5.62 | 16.45 | 20.66 | 5.91 | 7.41 | 18.75 | 20.72 | 7.37 | 14.01 | 19.24 | 21.3 | 22.16 | 12.27 | 18.65 | 14.75 | 15.56 | 12.28 |
| Total Non-Current Liabilities | 112.52B | 112.62B | 110.29B | 112.81B | 112.5B | 112.41B | 115.79B | 116.1B | 119.82B | 122.44B | 125.42B | 126.81B | 130.95B | 129.12B | 128.45B | 134.92B | 132.16B | 133.51B | 137.85B | 142.11B |
| Long-Term Debt | 40.36B | 66.52B | 35.38B | 36.26B | 36.63B | 41.5B | 39.01B | 39.02B | 42B | 48.56B | 44.17B | 44.66B | 48.3B | 51.53B | 47.38B | 50.19B | 52.2B | 57.5B | 56.74B | 58.69B |
| Capital Lease Obligations | 25.23B | 28.93B | 28.57B | 28.95B | 28.49B | 23.99B | 25.59B | 25.6B | 26.89B | 23.07B | 27.85B | 27.59B | 27.8B | 23.26B | 26.56B | 27.03B | 26.82B | 23.37B | 27.97B | 28.34B |
| Deferred Tax Liabilities | 11.88B | 11.98B | 11.96B | 12.92B | 13.26B | 13.51B | 15.49B | 15.29B | 15.18B | 15.35B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 35.05B | 5.18B | 34.38B | 34.67B | 34.12B | 33.22B | 35.7B | 36.18B | 36.05B | 35.25B | 53.4B | 54.56B | 54.85B | 54.32B | 54.5B | 57.7B | 53.13B | 52.64B | 53.15B | 55.08B |
| Total Liabilities | 206B | 195.03B | 199.91B | 204.83B | 208.58B | 207.44B | 205.41B | 207.59B | 213.74B | 217.91B | 220.55B | 222.94B | 233.62B | 250.43B | 247.12B | 253.6B | 245.45B | 229.05B | 242.09B | 226.61B |
| Total Debt | 75.64B | 104.58B | 73.98B | 75.67B | 76.51B | 77.14B | 76.61B | 75.47B | 79.93B | 81.64B | 82.15B | 84.37B | 85.14B | 83.8B | 81.99B | 83.74B | 86.05B | 89.09B | 95.39B | 100.08B |
| Net Debt | 52.53B | 74.36B | 40.92B | 42.99B | 40.91B | 38.03B | 34.36B | 37.32B | 39.98B | 42.87B | 39.12B | 39.27B | 43.07B | 43.55B | 46.01B | 44.77B | 47.69B | 52.12B | 57.32B | 65.97B |
| Debt / Equity | 0.43x | 0.60x | 0.42x | 0.41x | 0.42x | 0.43x | 0.40x | 0.40x | 0.42x | 0.43x | 0.43x | 0.44x | 0.44x | 0.44x | 0.43x | 0.43x | 0.48x | 0.51x | 0.57x | 0.58x |
| Debt / EBITDA | 4.71x | 11.74x | 5.44x | 6.59x | 5.24x | 9.36x | 5.90x | 5.51x | 4.97x | 3.92x | 4.93x | 6.49x | 4.31x | 4.31x | 5.37x | 3.57x | 4.57x | 4.76x | 14.57x | 8.34x |
| Net Debt / EBITDA | 3.27x | 8.35x | 3.01x | 3.75x | 2.80x | 4.61x | 2.65x | 2.73x | 2.48x | 2.06x | 2.35x | 3.02x | 2.18x | 2.24x | 3.01x | 1.91x | 2.53x | 2.78x | 8.76x | 5.50x |
| Interest Coverage | 7.04x | 6.46x | 7.17x | 6.56x | 9.00x | 4.27x | 7.19x | 7.00x | 10.49x | 2.34x | 10.98x | 5.42x | 13.32x | 18.82x | 16.58x | 38.64x | 7.10x | 17.89x | 2.39x | 5.62x |
| Total Equity | 174.6B | 175.32B | 177.82B | 183.09B | 180.67B | 180.17B | 189.54B | 187.19B | 188.3B | 188.36B | 192.94B | 192.09B | 195.53B | 192.6B | 190.24B | 194.3B | 179.53B | 175.33B | 166.68B | 171.24B |
| Equity Growth % | -3.36% | -2.69% | -6.18% | -2.19% | -4.05% | -4.35% | -1.77% | -2.55% | -3.7% | -2.2% | 1.42% | -1.13% | 8.91% | 9.85% | 14.13% | 13.46% | 7.54% | 10.59% | 3.96% | 6.73% |
| Book Value per Share | 61.22 | 60.46 | 60.22 | 60.98 | 56.78 | 57.99 | 59.32 | 58.34 | 57.90 | 56.81 | 57.28 | 56.05 | 56.01 | 54.05 | 51.83 | 51.69 | 46.87 | 45.28 | 42.89 | 43.71 |
| Total Shareholders' Equity | 173.58B | 174.39B | 175.82B | 181.14B | 178.81B | 178.31B | 187.67B | 185.41B | 186.56B | 186.61B | 191.2B | 190.46B | 193.32B | 190.47B | 186.52B | 190.5B | 176B | 171.97B | 163.39B | 168B |
| Common Stock | 471M | 477M | 485M | 493M | 502M | 510M | 519M | 528M | 537M | 544M | 555M | 562M | 572M | 584M | 598M | 614M | 630M | 641M | 647M | 651M |
| Retained Earnings | 190.75B | 190.83B | 192.46B | 155.46B | 157.52B | 158.83B | 163.48B | 164.71B | 167.04B | 165.91B | 171.13B | 169.27B | 172.06B | 169.48B | 164.98B | 166.07B | 154.38B | 153.03B | 144.88B | 149.16B |
| Treasury Stock | -231M | -847M | -444M | -288M | 0 | 0 | -456M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -17.56B | -16.22B | -16.83B | 25.03B | 20.63B | 18.81B | 23.97B | 20.02B | 18.84B | 19.99B | 19.36B | 20.48B | 20.53B | 20.25B | 20.79B | 23.66B | 20.83B | 18.14B | 17.7B | 18.04B |
| Minority Interest | 1.02B | 928M | 2B | 1.95B | 1.86B | 1.86B | 1.86B | 1.78B | 1.74B | 1.75B | 1.75B | 1.63B | 2.21B | 2.13B | 3.71B | 3.8B | 3.54B | 3.36B | 3.29B | 3.24B |