Shell (SHEL) Free Cash Flow (2009 - 2026)
Shell (SHEL) recorded Free Cash Flow of $21.04 billion in Q3 2026, up 72.4% from $12.21 billion a year earlier.
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Analysis
Shell (SHEL) Free Cash Flow (2009 - 2026) Analysis & Trends
On a TTM basis, Shell's Free Cash Flow came in at -$83.43 billion as of Sep 30, 2026; for FY2025, it was $42.86 billion.
- Across earlier years, Free Cash Flow came in at -$204.42 billion in FY2024, -$236.37 billion in FY2023, -$252.97 billion in FY2022 and -$197.72 billion in FY2021.
- The Q3 2026 figure is the highest quarterly Free Cash Flow since Q4 2017.
- On a year-over-year basis, Free Cash Flow rose in two of the last four quarters, with growth averaging 8.0%.
- Per Business Quant, the preceding three quarters came in at -$59.17 billion (Q2 2026), -$54.74 billion (Q1 2026) and $9.44 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 18.47 Bn |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 12.00 Bn |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 21.04 Bn |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 19.84 Bn |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 5.01 Bn |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 4.41 Bn |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 10.42 Bn |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | 6.34 Bn |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 6.60 Bn |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | 7.71 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 21.04 Bn |
| Jun 30, 2026 | -59.17 Bn |
| Mar 31, 2026 | -54.74 Bn |
| Dec 31, 2025 | 9.44 Bn |
| Sep 30, 2025 | 12.21 Bn |
| Jun 30, 2025 | -48.53 Bn |
| Mar 31, 2025 | -51.91 Bn |
| Dec 31, 2024 | 13.16 Bn |
| Sep 30, 2024 | 14.68 Bn |
| Jun 30, 2024 | -54.15 Bn |
| Mar 31, 2024 | -50.33 Bn |
| Dec 31, 2023 | 12.58 Bn |
| Sep 30, 2023 | 12.33 Bn |
| Jun 30, 2023 | -55.54 Bn |
| Mar 31, 2023 | -60.51 Bn |
| Sep 30, 2022 | 12.54 Bn |
| Jun 30, 2022 | -58.27 Bn |
| Mar 31, 2022 | -57.57 Bn |
| Dec 31, 2021 | 8.17 Bn |
| Sep 30, 2021 | 16.03 Bn |
API Access
Shell Free Cash Flow 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=free-cash-flow&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();