Shell SHEL
NYSE SHEL
$90.91 +0.21 (+0.23%)
At close: Aug 28, 2026 · 4:00 PM EDT

Shell (SHEL) Free Cash Flow (2009 - 2026)

Shell's (SHEL) quarterly Free Cash Flow came in at $11.4 billion in Q2 2026, down 35.57% YoY from $17.8 billion in Q2 2025, and up 11.45% on a QoQ basis from $10.3 billion in Q1 2026.

Analysis

Shell (SHEL) Free Cash Flow (2009 - 2026) Analysis & Trends

Shell (SHEL) has 18 years of Free Cash Flow data on file, last reported at $11.4 billion in Q2 2026.

  • Quarterly Free Cash Flow fell 35.57% year-over-year to $11.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $70.0 billion (down 19.41% YoY) and the FY2025 annual result came in at $23.9 billion, down 31.84% from the prior year.
  • Free Cash Flow advanced to $11.4 billion in Q2 2026, from $10.3 billion in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $44.4 billion in Q4 2022 to a low of $10.3 billion in Q1 2026.
  • A 5-year average of $22.2 billion and a median of $18.6 billion in 2022 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2022 — Free Cash Flow surged 56.43% — and 2026, when it slumped 35.57%.
  • Tracing SHEL's Free Cash Flow over 5 years: stood at $44.4 billion in 2022, then declined by 7.8% to $40.9 billion in 2023, then retreated by 11.9% to $36.0 billion in 2024, then decreased by 13.42% to $31.2 billion in 2025, then plunged by 63.35% to $11.4 billion in 2026.
  • The last three Free Cash Flow figures came in at $11.4 billion (Q2 2026), $10.3 billion (Q1 2026), and $31.2 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Shell 517.27 Bn 477.40 Bn - 11.44 Bn
2 Chevron 398.83 Bn 395.97 Bn 33.45 Bn 18.10 Bn
3 TotalEnergies SE 190.54 Bn 161.37 Bn 23.46 Bn 4.23 Bn
4 Eni Spa 166.18 Bn 156.34 Bn - 4.96 Bn
5 Equinor Asa 103.49 Bn 94.23 Bn - 6.60 Bn
6 Suncor Energy 78.09 Bn 74.21 Bn -8.45 Bn 5.06 Bn
7 Imperial Oil 63.17 Bn 61.11 Bn - 1.57 Bn
8 Cenovus Energy 59.48 Bn 57.00 Bn - -
9 Gas Transporter Of The South 21.19 Bn -3,019.86 Bn - -
10 Ypf Sociedad Anonima 19.74 Bn 17.54 Bn 2.97 Bn 3.50 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 11.44 Bn
Jun 30, 2026 11.44 Bn
Mar 31, 2026 10.26 Bn
Mar 31, 2026 10.26 Bn
Sep 30, 2025 17.11 Bn
Sep 30, 2025 17.11 Bn
Jun 30, 2025 17.75 Bn
Jun 30, 2025 17.75 Bn
Mar 31, 2025 13.46 Bn
Mar 31, 2025 13.46 Bn
Sep 30, 2024 19.63 Bn
Sep 30, 2024 19.63 Bn
Jun 30, 2024 18.23 Bn
Jun 30, 2024 18.23 Bn
Mar 31, 2024 17.82 Bn
Mar 31, 2024 17.82 Bn
Dec 31, 2023 40.92 Bn
Dec 31, 2023 40.92 Bn
Sep 30, 2023 17.98 Bn
Sep 30, 2023 17.98 Bn