Shell (SHEL) Cash from Operations (2009 - 2026)
Shell (SHEL) reported Cash from Operations of $21.43 billion for Q2 2026, up 79.5% from $11.94 billion a year earlier and up 253.5% from the prior quarter.
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Analysis
Shell (SHEL) Cash from Operations (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shell's Cash from Operations came in at $49.14 billion, up 0.2% year-over-year; for FY2025, it was $42.86 billion, down 21.6% from FY2024.
- Cash from Operations has a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- By year, Cash from Operations came in at $54.69 billion in FY2024 (+0.9%), $54.19 billion in FY2023 (-20.8%), $68.41 billion in FY2022 (+51.7%) and $45.1 billion in FY2021 (+32.3%).
- The Q2 2026 figure ranks as the highest quarterly Cash from Operations since Q4 2010.
- Year over year, Cash from Operations gained in three of the last eight quarters, with an average decline of 2.3%.
- The high point for year-over-year Cash from Operations in five years was Q2 2026 (growth of 79.5%); the low point was Q1 2026 (a decline of 34.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $6.06 billion (Q1 2026), $9.44 billion (Q4 2025) and $12.21 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 23.56 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 21.43 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 22.63 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 10.86 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 4.96 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 7.43 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 7.26 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 9.47 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 4.93 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 5.66 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.43 Bn |
| Mar 31, 2026 | 6.06 Bn |
| Dec 31, 2025 | 9.44 Bn |
| Sep 30, 2025 | 12.21 Bn |
| Jun 30, 2025 | 11.94 Bn |
| Mar 31, 2025 | 9.28 Bn |
| Dec 31, 2024 | 13.16 Bn |
| Sep 30, 2024 | 14.68 Bn |
| Jun 30, 2024 | 13.51 Bn |
| Mar 31, 2024 | 13.33 Bn |
| Dec 31, 2023 | 12.58 Bn |
| Sep 30, 2023 | 12.33 Bn |
| Jun 30, 2023 | 15.13 Bn |
| Mar 31, 2023 | 14.16 Bn |
| Sep 30, 2022 | 12.54 Bn |
| Jun 30, 2022 | 18.66 Bn |
| Mar 31, 2022 | 14.82 Bn |
| Dec 31, 2021 | 8.17 Bn |
| Sep 30, 2021 | 16.03 Bn |
| Jun 30, 2021 | 12.62 Bn |
API Access
Shell Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "SHEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();