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
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
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