Shell (SHEL) Free Cash Flow (2009 - 2025)

Shell (SHEL) has reported Free Cash Flow for 18 consecutive years, with $10.3 billion the latest figure, recorded in Q1 2026.

• Free Cash Flow for Q1 2026 came in at $10.3 billion, up 119.77% year-over-year; the trailing twelve-month figure through Mar 2026 was $60.6 billion (up 191.33% YoY), and the FY2025 annual result was $23.9 billion, down 31.84% from the prior year.
• Free Cash Flow was $10.3 billion for Q1 2026 at Shell, down from $15.5 billion in the prior quarter.
• Over five years, Free Cash Flow peaked at $28.8 billion in Q4 2022 and troughed at -$60.5 billion in Q1 2023.
• Average Free Cash Flow over 5 years is -$3.5 billion, with a median of $17.8 billion recorded in 2025.
• Year-over-year, Free Cash Flow plunged 572.72% in 2022 and surged 134.77% in 2023.
• Over 5 years, Free Cash Flow stood at $28.8 billion in 2022, then slumped by 31.69% to $19.7 billion in 2023, then rose by 2.02% to $20.1 billion in 2024, then decreased by 23.07% to $15.5 billion in 2025, then slumped by 33.58% to $10.3 billion in 2026.
• Per Business Quant data, the three most recent Free Cash Flow figures were $10.3 billion in Q1 2026, $15.5 billion in Q4 2025, and $17.1 billion in Q3 2025.