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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 35,952.51 Bn |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 2.24 Bn |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -1.55 Bn |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 1.67 Bn |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 11.44 Bn |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 12.34 Bn |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 2.59 Bn |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 204.91 Mn |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 6.63 Bn |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 1.87 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.44 Bn |
| Jun 30, 2026 | 11.44 Bn |
| Mar 31, 2026 | 10.26 Bn |
| Mar 31, 2026 | 10.26 Bn |
| Dec 31, 2025 | 31.21 Bn |
| Dec 31, 2025 | 31.21 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 |
| Dec 31, 2024 | 36.05 Bn |
| Dec 31, 2024 | 36.05 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 |