Shell plc

Shell plc reported FY 2025 revenue of $266.89 billion, down from prior years amid lower commodity prices. Total revenue and other income reached $273.73 billion, with income before taxation at $29.76 billion and income for the period $18.12 billion, attributable to Shell shareholders at $17.84 billion. Basic and diluted EPS both stood at $3 per share. Cash flow from operating activities was $42.86 billion, supporting free cash flow of $26.05 billion after $20.92 billion cash capital expenditure. Total assets were $370.35 billion, with equity attributable to shareholders at $174.39 billion and net debt at $45.69 billion, yielding gearing of 20.7%. Integrated Gas contributed Adjusted Earnings of $8.02 billion, Upstream $7.44 billion, Marketing $3.99 billion, Chemicals and Products $1.05 billion, Renewables and Energy Solutions $0.17 billion, and Corporate a loss of $1.87 billion. Scope 1 and 2 emissions fell 36% from 2016 baseline to 53 million tonnes CO2e, advancing 2030 targets. Strong operational performance and portfolio high-grading drove resilient returns despite market headwinds, positioning Shell for sustained value creation.

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