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  • Shell Financial Data Bloomberg

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    - Shell PLC's key financial metrics from FY 2017 to FY 2023 including revenue, net income, EPS, EBITDA, margins, cash flow. Revenue grew from $305B in FY 2017 to a projected $381B in FY 2022 before declining. - Net income varied significantly over the period from $16B in FY 2017 to a loss of $22B in FY 2020, recovering to a projected $41B in FY 2022. - EPS and EBITDA followed a similar trend to net income. Cash from operations remained stable between $30-50B annually except for growth to $66B projected for FY 2022.

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    - Shell PLC's key financial metrics from FY 2017 to FY 2023 including revenue, net income, EPS, EBITDA, margins, cash flow. Revenue grew from $305B in FY 2017 to a projected $381B in FY 2022 before declining. - Net income varied significantly over the period from $16B in FY 2017 to a loss of $22B in FY 2020, recovering to a projected $41B in FY 2022. - EPS and EBITDA followed a similar trend to net income. Cash from operations remained stable between $30-50B annually except for growth to $66B projected for FY 2022.

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    47 views48 pages

    Shell Financial Data Bloomberg

    Uploaded by

    Shardul Mude
    - Shell PLC's key financial metrics from FY 2017 to FY 2023 including revenue, net income, EPS, EBITDA, margins, cash flow. Revenue grew from $305B in FY 2017 to a projected $381B in FY 2022 before declining. - Net income varied significantly over the period from $16B in FY 2017 to a loss of $22B in FY 2020, recovering to a projected $41B in FY 2022. - EPS and EBITDA followed a similar trend to net income. Cash from operations remained stable between $30-50B annually except for growth to $66B projected for FY 2022.

    Copyright:

    © All Rights Reserved
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    of 48

    Shell PLC (SHEL LN) - Adj Highlights

    In Millions of USD FY 2017 FY 2018 FY 2019 FY 2020 FY 2021


    12 Months Ending 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021
    Market Capitalization 279,200.5 240,899.2 232,912.3 137,882.6 168,134.9
    - Cash & Equivalents 20,312.0 26,741.0 18,055.0 31,830.0 36,970.0
    + Preferred & Other 3,456.0 3,888.0 3,987.0 3,227.0 3,360.0
    + Total Debt 85,665.0 76,824.0 96,424.0 108,014.0 89,086.0
    Enterprise Value 348,009.5 294,870.2 315,268.3 217,293.6 223,610.9

    Revenue, Adj 305,179.0 388,379.0 344,877.0 180,543.0 261,504.0


    Growth %, YoY 30.6 27.3 -11.2 -47.7 44.8
    Gross Profit, Adj 55,080.0 67,010.0 65,456.0 39,449.0 62,770.0
    Margin % 18.0 17.3 19.0 21.9 24.0
    EBITDA, Adj 46,606.4 50,235.0 53,491.0 58,791.0 47,678.0
    Margin % 15.3 12.9 15.5 32.6 18.2
    Net Income, Adj 16,359.0 20,923.0 17,034.0 3,087.0 22,317.0
    Margin % 5.4 5.4 4.9 1.7 8.5
    EPS, Adj 1.97 2.51 2.10 0.40 2.85
    Growth %, YoY 88.7 27.5 -16.4 -81.1 618.8

    Cash from Operations 32,824.0 50,334.0 38,440.0 30,532.0 41,513.0


    Capital Expenditures -20,845.0 -23,011.0 -22,971.0 -16,585.0 -19,000.0
    Free Cash Flow 11,979.0 27,323.0 15,469.0 13,947.0 22,513.0
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2022 FY 2023 Current/LTM FY 2024 Est FY 2025 Est
    12/31/2022 12/31/2023 12/31/2023 12/31/2024 12/31/2025
    196,279.1 214,121.6 204,380.7
    40,246.0 38,774.0 38,774.0
    2,125.0 1,755.0 1,755.0
    83,795.0 81,541.0 81,541.0
    241,953.1 258,643.6 248,806.0

    381,314.0 316,620.0 316,619.0 314,842.0 301,705.7


    45.8 -17.0 -17.0 -0.6 -4.2
    97,308.0 78,497.0 78,496.0
    25.5 24.8 24.8
    81,324.0 62,741.0 62,571.0 63,021.2 62,714.8
    21.3 19.8 19.8 20.0 20.8
    41,065.0 27,601.0 27,967.0 24,455.8 24,341.7
    10.8 8.7 8.8 7.8 8.1
    5.54 4.06 4.12 4.06 4.15
    94.2 -26.7 -25.4 0.0 2.3

    65,643.0 51,874.0 51,879.0


    -22,600.0 -22,993.0 -22,994.0 -23,458.8 -23,534.6
    43,043.0 28,881.0 28,885.0 26,966.0 27,176.6
    Shell PLC (SHEL LN) - GAAP Highlights
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    Total Revenues 421,105.0 264,960.0 233,591.0 305,179.0
    Operating Income 19,879.0 -3,261.0 2,367.0 15,481.0
    Net Income to Common 14,874.0 1,939.0 4,575.0 12,977.0
    Basic EPS, GAAP 2.36 0.31 0.58 1.58
    Diluted EPS, GAAP 2.36 0.30 0.58 1.56
    Basic Weighted Avg Shares 6,311.5 6,320.3 7,833.7 8,223.4
    Diluted Weighted Avg Shares 6,311.6 6,393.8 7,891.7 8,299.0

    Cash and Equivalents 21,607.0 31,752.0 19,130.0 20,312.0


    Total Current Assets 99,778.0 93,358.0 86,569.0 95,404.0
    Total Assets 353,116.0 340,157.0 411,275.0 407,097.0
    Total Current Liabilities 86,212.0 70,948.0 73,825.0 79,767.0
    Total Liabilities 180,330.0 176,036.0 222,764.0 209,285.0
    Total Equity 172,786.0 164,121.0 188,511.0 197,812.0
    Shares Out on Balance Sheet 6,311.6 7,469.4 8,155.1 8,324.5

    Cash From Operations 43,738.0 28,356.0 18,147.0 32,824.0


    Cash From Investing -19,831.0 -22,695.0 -31,433.0 -8,753.0
    Cash From Financing -11,996.0 4,484.0 664.0 -22,889.0
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
    388,379.0 344,877.0 180,543.0 261,504.0 381,314.0 316,620.0
    31,189.0 22,946.0 -25,530.0 22,283.0 63,109.0 30,738.0
    23,352.0 15,842.0 -21,680.0 20,101.0 42,309.0 19,360.0
    2.82 1.97 -2.78 2.59 5.76 2.88
    2.80 1.95 -2.78 2.57 5.71 2.85
    8,282.8 8,058.3 7,795.6 7,761.7 7,347.5 6,733.5
    8,348.7 8,112.5 7,795.6 7,806.8 7,410.5 6,799.8

    26,741.0 18,055.0 31,830.0 36,970.0 40,246.0 38,774.0


    97,482.0 92,689.0 90,695.0 128,765.0 165,938.0 134,115.0
    399,194.0 404,336.0 379,268.0 404,379.0 443,024.0 406,269.0
    77,813.0 79,624.0 73,951.0 95,547.0 121,311.0 95,467.0
    196,660.0 213,873.0 220,731.0 229,053.0 250,427.0 217,908.0
    202,534.0 190,463.0 158,537.0 175,326.0 192,597.0 188,361.0
    8,190.7 7,857.3 7,782.8 7,659.5 6,975.1 6,524.1

    50,334.0 38,440.0 30,532.0 41,513.0 65,643.0 51,874.0


    -14,482.0 -16,690.0 -13,810.0 -5,184.0 -23,354.0 -19,858.0
    -29,423.0 -30,436.0 -2,947.0 -31,189.0 -39,013.0 -33,487.0
    orted for all values)
    Shell PLC (SHEL LN) - Earnings
    In Millions of USD except Per Share FY 2016 FY 2017 FY 2018 FY 2019
    12 Months Ending 12/31/2016 12/31/2017 12/31/2018 12/31/2019
    Revenue
    Consensus Estimate 237,806.6 293,916.1 376,690.2 354,497.8
    Comparable Actual 233,591.0 305,179.0 388,379.0 344,877.0
    Revenue Surprise % -1.8 3.8 3.1 -2.7
    GAAP Actual 233,591.0 305,179.0 388,379.0 344,877.0
    Adjusted Actual 233,591.0 305,179.0 388,379.0 344,877.0

    Earnings Per Share


    Consensus Estimate 1.03 1.87 2.58 2.14
    Comparable Actual 0.92 1.92 2.58 2.04
    EPS Surprise % -11.0 2.7 0.0 -4.6
    GAAP Actual 0.58 1.56 2.80 1.95
    Adjusted Actual 1.04 1.97 2.51 2.10

    EBIT
    Consensus Estimate 9,593.0 18,949.9 24,986.7 23,885.0
    Comparable Actual 11,419.0 17,441.0 23,741.0 20,380.0
    EBIT Surprise % 19.0 -8.0 -5.0 -14.7
    GAAP Actual 2,367.0 15,481.0 31,189.0 22,946.0
    Adjusted Actual 4,720.8 20,383.4 28,100.0 24,790.0

    EBITDA
    Consensus Estimate 34,883.8 47,639.0 59,206.0 56,076.6
    Comparable Actual 36,412.0 48,395.0 61,501.0 58,877.0
    EBITDA Surprise % 4.4 1.6 3.9 5.0
    GAAP Actual 27,360.0 41,704.0 53,324.0 51,647.0
    Adjusted Actual 28,115.6 46,606.4 50,235.0 53,491.0

    Gross Margin %
    Consensus Estimate 15.63 23.70 18.20 17.90
    Comparable Actual — 18.0 17.3 19.0
    Gross Margin Surprise % — -23.9 -5.2 6.0
    GAAP Actual 18.2 18.0 17.3 19.0
    Adjusted Actual 18.2 18.0 17.3 19.0

    Pretax Income (Loss)


    Consensus Estimate 10,086.0 20,494.7 35,104.1 28,074.0
    Comparable Actual 8,216.0 20,877.0 33,650.0 26,050.0
    Pretax Income (Loss) Surprise % -18.5 1.9 -4.1 -7.2
    GAAP Actual 5,606.0 18,130.0 35,621.0 25,485.0
    Adjusted Actual 8,498.3 21,795.0 32,532.0 27,329.0

    Net Income
    Consensus Estimate 8,120.1 15,951.3 21,329.9 16,738.4
    Comparable Actual 7,185.0 15,764.0 21,404.0 16,462.0
    Net Income Surprise % -11.5 -1.2 0.3 -1.7
    GAAP Actual 4,575.0 12,977.0 23,352.0 15,842.0
    Adjusted Actual 8,227.0 16,359.0 20,923.0 17,034.0
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Est FY 2025 Est
    12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025

    212,386.7 275,914.6 378,652.6 321,233.1 314,842.0 301,705.7


    180,543.0 261,504.0 381,314.0 316,620.0
    -15.0 -5.2 0.7 -1.4
    180,543.0 261,504.0 381,314.0 316,620.0
    180,543.0 261,504.0 381,314.0 316,620.0

    0.63 2.45 5.17 4.05 4.06 4.15


    0.62 2.49 5.43 4.20
    -1.0 1.5 5.0 3.8
    -2.78 2.57 5.71 2.85
    0.40 2.85 5.54 4.06

    10,033.3 26,533.3 59,744.1 30,565.3 37,378.5 36,530.4


    8,478.0 19,699.0 65,760.0 37,248.0
    -15.5 -25.8 10.1 21.9
    -25,530.0 22,283.0 63,109.0 30,738.0
    6,347.0 24,608.0 58,931.0 39,635.0

    32,911.1 52,419.2 83,569.2 68,026.6 63,021.2 62,714.8


    29,567.0 60,356.0 84,289.0 68,538.0
    -10.2 15.1 0.9 0.8
    26,914.0 49,204.0 81,638.0 62,028.0
    58,791.0 47,678.0 81,324.0 62,741.0

    — 19.50 19.60 —
    21.9 24.0 25.3 24.8
    — 23.1 28.8 —
    21.9 24.0 25.5 24.8
    21.9 24.0 25.5 24.8

    9,322.8 23,919.9 60,498.7 39,081.9 35,551.4 35,754.3


    10,279.0 28,488.0 64,814.0 32,628.0
    10.3 19.1 7.1 -16.5
    -26,967.0 29,829.0 64,815.0 32,628.0
    4,910.0 32,154.0 60,637.0 41,525.0

    5,045.8 18,320.8 38,698.8 27,231.3 24,455.8 24,341.7


    4,846.0 19,289.0 39,870.0 28,250.0
    -4.0 5.3 3.0 3.7
    -21,680.0 20,101.0 42,309.0 19,360.0
    3,087.0 22,317.0 41,065.0 27,601.0
    orted for all values)
    Shell PLC (SHEL LN) - Enterprise Value
    In Millions of USD except Per Share FY 2017 FY 2018 FY 2019 FY 2020
    12 Months Ending 12/31/2017 12/31/2018 12/31/2019 12/31/2020
    Market Capitalization 279,200.5 240,899.2 232,912.3 137,882.6
    - Cash & Equivalents 20,312.0 26,741.0 18,055.0 31,830.0
    + Preferred Equity 0.0 0.0 0.0 0.0
    + Minority Interest 3,456.0 3,888.0 3,987.0 3,227.0
    + Total Debt 85,665.0 76,824.0 96,424.0 108,014.0
    Enterprise Value 348,009.5 294,870.2 315,268.3 217,293.6

    Total Capital 283,477.0 279,358.0 286,887.0 266,551.0


    Total Debt/Total Capital 30.22 27.50 33.61 40.52
    Total Debt/EV 0.25 0.26 0.31 0.50

    EV/Sales 1.14 0.76 0.91 1.20


    EV/EBITDA 8.34 5.53 6.10 8.07
    EV/EBIT 22.48 9.45 13.74 —
    EV/Cash Flow to Firm 9.97 5.66 7.71 —
    EV/Free Cash Flow to Firm 24.73 10.13 17.57 —

    Diluted Market Cap 278,344.5 245,546.9 240,477.3 138,109.0


    Diluted Enterprise Value 350,576.3 296,786.8 316,834.9 217,520.0
    EV per Share 41.81 36.00 40.12 27.92

    Reference Items
    Trailing 12 Month Values for Ratios
    IFRS 16/ASC 842 Adoption No No Yes Yes
    Sales 305,179.0 388,379.0 344,877.0 180,543.0
    EBITDA 41,704.0 53,324.0 51,647.0 26,914.0
    EBIT 15,481.0 31,189.0 22,946.0 -25,530.0
    Cash Flow To Firm 34,918.2 52,128.6 40,915.9 —
    Free Cash Flow To Firm 14,073.2 29,117.6 17,944.9 —
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2021 FY 2022 FY 2023 Current FY 2024 Est FY 2025 Est
    12/31/2021 12/31/2022 12/31/2023 02/24/2024 12/31/2024 12/31/2025
    168,134.9 196,279.1 214,121.6 204,380.7
    36,970.0 40,246.0 38,774.0 38,774.0
    0.0 0.0 0.0 0.0
    3,360.0 2,125.0 1,755.0 1,755.0
    89,086.0 83,795.0 81,541.0 81,541.0
    223,610.9 241,953.1 258,643.6 248,806.0

    264,412.0 276,392.0 269,902.0 269,902.0


    33.69 30.32 30.21 30.21
    0.40 0.35 0.32 0.33

    0.86 0.63 0.82 0.79 0.79 0.82


    4.54 2.96 4.17 4.01 3.95 3.97
    10.04 3.83 8.41 8.09 6.66 6.81
    5.28 3.65 4.73 4.74
    9.59 5.53 8.16 8.44

    171,367.5 208,531.1 223,169.8 209,569.1


    224,587.8 243,636.0 260,751.9 252,998.5
    29.19 34.69 39.64 39.64

    Yes Yes Yes Yes


    261,504.0 381,314.0 316,620.0 316,619.0 314,842.0 301,705.7
    49,204.0 81,638.0 62,028.0 62,027.0 63,021.2 62,714.8
    22,283.0 63,109.0 30,738.0 30,738.0 37,378.5 36,530.4
    42,321.5 66,318.4 54,686.4 54,691.6
    23,321.5 43,718.4 31,693.4 31,697.6
    orted for all values)
    Shell PLC (SHEL LN) - EV Ex Operating Leases
    In Millions of USD except Per Share FY 2017 FY 2018 FY 2019 FY 2020
    12 Months Ending 12/31/2017 12/31/2018 12/31/2019 12/31/2020
    Market Capitalization 279,200.5 240,899.2 232,912.3 137,882.6
    - Cash & Equivalents 20,312.0 26,741.0 18,055.0 31,830.0
    + Preferred Equity 0.0 0.0 0.0 0.0
    + Minority Interest 3,456.0 3,888.0 3,987.0 3,227.0
    + Total Debt 85,665.0 76,824.0 65,887.0 79,594.0
    Enterprise Value 348,009.5 294,870.2 284,731.3 188,873.6

    Total Capital 283,477.0 279,358.0 256,350.0 238,131.0


    Total Debt/Total Capital 30.22 27.50 25.70 33.42
    Total Debt/EV 0.25 0.26 0.23 0.42

    EV/Sales 1.14 0.76 0.83 1.05


    EV/EBITDA 8.34 5.53 5.64 7.30
    EV/EBIT 22.48 9.45 13.06 —
    EV/Cash Flow to Firm 9.97 5.66 7.09 —
    EV/Free Cash Flow to Firm 24.73 10.13 16.54 —

    Diluted Market Cap 278,344.5 245,546.9 240,477.3 138,109.0


    Diluted Enterprise Value 350,576.3 296,786.8 286,297.9 189,100.0
    EV per Share 41.81 36.00 36.24 24.27

    Reference Items
    Trailing 12 Month Values for Ratios
    IFRS 16/ASC 842 Adoption No No Yes Yes
    Sales 305,179.0 388,379.0 344,877.0 180,543.0
    EBITDA 41,704.0 53,324.0 50,510.0 25,883.0
    EBIT 15,481.0 31,189.0 21,809.0 -26,561.0
    Cash Flow To Firm 34,918.2 52,128.6 40,182.8 —
    Free Cash Flow To Firm 14,073.2 29,117.6 17,211.8 —
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2021 FY 2022 FY 2023 Current FY 2024 Est FY 2025 Est
    12/31/2021 12/31/2022 12/31/2023 02/24/2024 12/31/2024 12/31/2025
    168,134.9 196,279.1 214,121.6 204,380.7
    36,970.0 40,246.0 38,774.0 38,774.0
    0.0 0.0 0.0 0.0
    3,360.0 2,125.0 1,755.0 1,755.0
    61,579.0 56,152.0 53,832.0 53,832.0
    196,103.9 214,310.1 230,934.6 221,097.0

    236,905.0 248,749.0 242,193.0 242,193.0


    25.99 22.57 22.23 22.23
    0.31 0.26 0.23 0.24

    0.75 0.56 0.73 0.70 0.70 0.73


    4.15 2.68 3.72 3.56 3.51 3.53
    9.66 3.49 7.51 7.19 5.92 6.05
    4.79 3.29 — 3.39
    8.94 5.03 7.29 6.98

    171,367.5 208,531.1 223,169.8 209,569.1


    197,080.8 215,993.0 233,042.9 233,311.4
    25.60 30.73 35.40 33.89

    Yes Yes Yes Yes


    261,504.0 381,314.0 316,620.0 316,619.0 314,842.0 301,705.7
    47,217.0 79,914.0 62,028.0 62,027.0 63,021.2 62,714.8
    20,296.0 61,385.0 30,738.0 30,738.0 37,378.5 36,530.4
    40,947.3 65,178.0 —
    21,947.3 42,578.0 31,693.4 31,697.6
    orted for all values)
    Shell PLC (SHEL LN) - Multiples
    In Millions of USD except Per Share FY 2017 FY 2018 FY 2019 FY 2020
    12 Months Ending 12/31/2017 12/31/2018 12/31/2019 12/31/2020
    P/E 21.23 10.43 15.05 —
    Average 48.44 20.83 10.81 8.97
    High 57.06 23.35 15.05 15.42
    Low 21.23 10.43 9.77 5.74

    P/Book 1.44 1.21 1.25 0.89


    Average 1.23 1.41 1.26 0.75
    High 1.45 1.58 1.37 1.28
    Low 1.11 1.21 1.14 0.48

    P/Tangible Book 1.64 1.38 1.43 1.04


    Average 1.41 1.61 1.42 0.85
    High 1.66 1.80 1.55 1.46
    Low 1.27 1.38 1.29 0.54

    P/Sales 0.90 0.63 0.69 0.77


    Average 0.94 0.89 0.65 0.41
    High 1.11 1.00 0.71 0.77
    Low 0.83 0.62 0.58 0.26

    P/Cash Flow 8.40 4.84 6.21 4.52


    Average 12.14 8.25 5.02 3.71
    High 14.29 9.24 6.21 6.37
    Low 8.40 4.84 4.53 2.37

    P/Free Cash Flow 23.02 8.92 15.44 9.90


    Average 23.02 22.58 9.25 9.21
    High 23.02 25.33 15.44 15.83
    Low 23.02 8.92 8.35 5.89

    EV/Sales 1.14 0.76 0.91 1.20


    Average 1.34 1.13 0.77 0.63
    High 1.54 1.25 0.92 1.20
    Low 1.15 0.77 0.70 0.46

    EV/EBITDA 8.34 5.53 6.10 8.07


    Average 11.43 8.26 5.62 4.20
    High 13.13 9.12 6.12 8.02
    Low 8.39 5.57 5.09 3.07
    EV/EBIT 22.48 9.45 13.74 —
    Average 131.87 22.22 9.63 9.43
    High 151.80 24.57 13.78 14.00
    Low 22.61 9.53 8.70 6.90

    Price/Share 33.54 29.41 29.64 17.72


    High 33.55 37.01 33.32 30.77
    Low 24.78 28.11 27.37 10.93

    Enterprise Value 348,009.5 294,870.2 315,268.3 217,293.6


    Average 313,304.3 344,550.7 299,864.9 216,297.0
    High 359,318.9 380,394.0 322,446.4 321,197.9
    Low 286,138.4 297,206.9 271,443.2 158,339.3
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2021 FY 2022 FY 2023 Current FY 2024 Est FY 2025 Est
    12/31/2021 12/31/2022 12/31/2023 02/24/2024 12/31/2024 12/31/2025
    8.48 4.89 11.40 11.09 7.79 7.61
    8.48 10.32 5.32
    8.48 11.82 11.40
    8.48 4.89 4.64

    0.98 1.03 1.15 1.10 1.05 0.99


    1.03 1.19 1.12
    1.24 1.36 1.24
    0.89 1.02 0.98

    1.14 1.19 1.34 1.29


    1.21 1.39 1.29
    1.45 1.59 1.43
    1.04 1.19 1.13

    0.65 0.54 0.70 0.67 0.65 0.68


    0.89 0.79 0.59
    1.07 0.91 0.70
    0.65 0.54 0.50

    4.10 3.15 4.26 4.11 3.77 3.60


    5.24 5.00 3.42
    6.31 5.72 4.26
    4.10 3.15 2.99

    7.57 4.80 7.65 7.39


    11.47 9.22 5.22
    13.81 10.56 7.65
    7.57 4.80 4.56

    0.86 0.63 0.82 0.79 0.79 0.82


    1.32 0.95 0.66
    1.51 1.07 0.82
    0.86 0.64 0.60

    4.54 2.96 4.17 4.01 3.95 3.97


    8.83 5.03 3.10
    10.12 5.66 4.17
    4.55 2.97 2.82
    10.04 3.83 8.41 8.09 6.66 6.81
    10.06 11.10 4.03
    10.06 12.51 8.41
    10.06 3.85 3.64

    21.95 28.14 32.82 31.62


    24.82 30.77 34.30 31.92
    17.57 22.41 26.19 31.30

    223,610.9 241,953.1 258,643.6 248,806.0


    238,161.7 247,858.8 253,000.0
    272,431.4 278,683.4 269,724.2
    214,647.6 213,429.7 229,962.9
    orted for all values)
    Shell PLC (SHEL LN) - Per Share
    In Millions of USD except Per Share FY 2017 FY 2018 FY 2019 FY 2020
    12 Months Ending 12/31/2017 12/31/2018 12/31/2019 12/31/2020
    Basic Shares Outstanding 8,324.5 8,190.7 7,857.3 7,782.8
    Diluted Weighted Avg Shares 8,299.0 8,348.7 8,112.5 7,795.6
    Basic Weighted Avg Shares 8,223.4 8,282.8 8,058.3 7,795.6

    Per Share Data Items


    Revenue 37.11 46.89 42.80 23.16
    EBITDA 5.07 6.44 6.41 3.45
    Operating Income 1.88 3.77 2.85 -3.27
    Net Income to Common - Basic 1.58 2.82 1.97 -2.78
    Net Income before XO - Basic 1.58 2.82 1.97 -2.78
    Normalized Net Income - Basic 1.99 2.53 2.12 0.40
    Net Income to Common - Diluted 1.56 2.80 1.95 -2.78
    Net Income before XO - Diluted 1.56 2.80 1.95 -2.78
    Normalized Net Income - Diluted 1.97 2.51 2.10 0.40
    Dividends 1.88 1.88 1.88 0.65

    Cash Flow 3.99 6.08 4.77 3.92


    Free Cash Flow 1.46 3.30 1.92 1.79
    Funds From Operations - Basic — — — —
    Funds From Operations - Diluted — — — —

    Cash & Equivalents 2.44 3.26 2.30 4.09


    Book Value 23.35 24.25 23.73 19.96
    Tangible Book Value 20.44 21.37 20.74 17.02
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2021 FY 2022 FY 2023 Last 12M FY 2024 Est FY 2025 Est
    12/31/2021 12/31/2022 12/31/2023 12/31/2023 12/31/2024 12/31/2025
    7,659.5 6,975.1 6,524.1 6,524.1
    7,806.8 7,410.5 6,799.8 6,631.1
    7,761.7 7,347.5 6,733.5 6,558.3

    33.69 51.90 47.02 47.00


    6.34 11.11 9.21 9.19
    2.87 8.59 4.56 4.53
    2.59 5.76 2.88 2.85 4.21 4.17
    2.59 5.76 2.88 2.85 4.21 4.17
    2.88 5.59 4.10 4.15 4.06 4.15
    2.57 5.71 2.85 2.83 4.21 4.17
    2.57 5.71 2.85 2.83 4.21 4.17
    2.85 5.54 4.06 4.12 4.06 4.15
    0.89 1.04 1.29 1.29 1.38 1.46

    5.35 8.93 7.70 7.69 8.40 8.77


    2.90 5.86 4.29 4.28
    — — — 12.75 12.79
    — — — 12.75 12.79

    4.83 5.77 5.94 5.94


    22.45 27.31 28.60 28.60 30.25 32.01
    19.23 23.62 24.48 24.48
    orted for all values)
    Shell PLC (SHEL LN) - Stock Value
    In Millions of USD except Per Share FY 2015 FY 2016 FY 2017 FY 2018
    12 Months Ending 12/31/2015 12/31/2016 12/31/2017 12/31/2018
    Last Price 22.48 27.68 33.54 29.41
    Period-over-Period % Change -32.99 23.13 21.15 -12.31
    Open Price 33.38 22.72 27.50 33.62
    High Price 33.69 28.30 33.55 37.01
    Low Price 21.42 17.84 24.78 28.11

    Market Capitalization 167,942.0 225,762.8 279,200.5 240,899.2


    Current Shares Outstanding 3,990.92 4,428.90 4,597.14 4,471.88
    Equity Float 3,730.60 4,428.90 4,329.29 4,471.63
    Market Cap (Listed Shares) — — — —
    Listed Shares Outstanding — — — —
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Current
    12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 02/24/2024
    29.64 17.72 21.95 28.14 32.82 31.62
    0.79 -40.23 23.90 28.19 16.63
    28.72 29.38 17.86 22.45 28.43 31.73
    33.32 30.77 24.82 30.77 34.30 31.92
    27.37 10.93 17.57 22.41 26.19 31.30

    232,912.3 137,882.6 168,134.9 196,279.1 214,121.6 204,380.7


    4,148.87 4,101.24 4,101.24 7,002.32 6,521.83 6,463.87
    4,148.50 4,100.43 4,100.52 7,002.28 6,521.79 6,463.84
    — — — 207,042.7 —
    — — — 7,553.86 —
    orted for all values)
    Shell PLC (SHEL LN) - Standardized
    In Millions of USD except Per Share FY 2015 FY 2016 FY 2017 FY 2018
    12 Months Ending 12/31/2015 12/31/2016 12/31/2017 12/31/2018
    Cash from Operating Activities
    + Net Income 1,939.0 4,575.0 12,977.0 23,352.0
    + Depreciation & Amortization 26,714.0 24,993.0 26,223.0 22,135.0
    + Non-Cash Items -5,818.0 -5,132.0 -3,218.0 1,405.0
    + Deferred Income Taxes — — — —
    + Other Non-Cash Adj -5,818.0 -5,132.0 -3,218.0 1,405.0
    + Chg in Non-Cash Work Cap 5,521.0 -6,289.0 -3,158.0 3,442.0
    + (Inc) Dec in Accts Receiv 9,852.0 2,038.0 -1,686.0 1,955.0
    + (Inc) Dec in Inventories 2,827.0 -5,658.0 -2,079.0 2,823.0
    + Inc (Dec) in Accts Payable — — — —
    + Inc (Dec) in Other -7,158.0 -2,669.0 607.0 -1,336.0
    + Net Cash From Disc Ops 0.0 0.0 0.0 0.0
    Cash from Operating Activities 28,356.0 18,147.0 32,824.0 50,334.0

    Cash from Investing Activities


    + Change in Fixed & Intang -21,411.0 -20,044.0 -12,037.0 -18,645.0
    + Disp in Fixed & Intang 4,720.0 2,072.0 8,808.0 4,366.0
    + Disp of Fixed Prod Assets 4,720.0 2,072.0 8,808.0 4,366.0
    + Disp of Intangible Assets 0.0 0.0 0.0 0.0
    + Acq of Fixed & Intang -26,131.0 -22,116.0 -20,845.0 -23,011.0
    + Acq of Fixed Prod Assets -26,131.0 -22,116.0 -20,845.0 -23,011.0
    + Acq of Intangible Assets 0.0 0.0 0.0 0.0
    + Net Change in LT Investment 0.0 0.0 0.0 0.0
    + Dec in LT Investment 0.0 0.0 0.0 0.0
    + Inc in LT Investment 0.0 0.0 0.0 0.0
    + Net Cash From Acq & Div -620.0 -11,186.0 1,582.0 714.0
    + Cash from Divestitures 276.0 1,565.0 2,177.0 1,594.0
    + Cash for Acq of Subs 0.0 -11,421.0 0.0 0.0
    + Cash for JVs -896.0 -1,330.0 -595.0 -880.0
    + Other Investing Activities -664.0 -203.0 1,702.0 3,449.0
    + Net Cash From Disc Ops 0.0 0.0 0.0 0.0
    Cash from Investing Activities -22,695.0 -31,433.0 -8,753.0 -14,482.0

    Cash from Financing Activities


    + Dividends Paid -9,370.0 -9,677.0 -10,877.0 -15,675.0
    + Cash From (Repayment) Debt 14,891.0 11,074.0 -11,829.0 -8,331.0
    + Cash From (Repay) ST Debt -586.0 -360.0 -869.0 -396.0
    + Cash From LT Debt 21,500.0 18,144.0 760.0 3,977.0
    + Repayments of LT Debt -6,023.0 -6,710.0 -11,720.0 -11,912.0
    + Cash (Repurchase) of Equity -409.0 0.0 0.0 -3,947.0
    + Increase in Capital Stock 0.0 0.0 0.0 0.0
    + Decrease in Capital Stock -409.0 0.0 0.0 -3,947.0
    + Other Financing Activities 442.0 770.0 -830.0 -1,021.0
    + Net Cash From Disc Ops 0.0 0.0 0.0 0.0
    Cash from Financing Activities 5,554.0 2,167.0 -23,536.0 -28,974.0

    Effect of Foreign Exchange Rates -1,070.0 -1,503.0 647.0 -449.0

    Net Changes in Cash 10,145.0 -12,622.0 1,182.0 6,429.0

    Cash Paid for Taxes 7,673.0 4,434.0 6,307.0 9,671.0


    Cash Paid for Interest 1,742.0 2,938.0 3,550.0 3,574.0

    Reference Items
    EBITDA 23,453.0 27,360.0 41,704.0 53,324.0
    Trailing 12M EBITDA Margin 8.85 11.71 13.67 13.73
    Interest Received 288.0 470.0 724.0 823.0
    Net Cash Paid for Acquisitions — 12,986.0 — —
    Free Cash Flow 2,225.0 -3,969.0 11,979.0 27,323.0
    Free Cash Flow to Firm — -2,258.8 14,073.2 29,117.6
    Free Cash Flow to Equity 21,836.0 9,177.0 8,958.0 23,358.0
    Free Cash Flow per Basic Share 0.35 -0.51 1.46 3.30
    Price to Free Cash Flow 63.87 — 23.02 8.92
    Cash Flow to Net Income 14.62 3.97 2.53 2.16
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Last 12M
    12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2023

    15,842.0 -21,680.0 20,101.0 42,309.0 19,360.0 19,361.0


    28,701.0 52,444.0 26,921.0 18,529.0 31,290.0 31,289.0
    -1,324.0 -4,840.0 4,858.0 10,239.0 -6,614.0 -6,611.0
    — — — — —
    -1,324.0 -4,840.0 4,858.0 10,239.0 -6,614.0 -6,611.0
    -4,779.0 4,608.0 -10,367.0 -5,434.0 7,838.0 7,840.0
    -921.0 9,625.0 -20,567.0 -8,989.0 12,401.0 12,402.0
    -2,635.0 4,477.0 -7,319.0 -8,360.0 6,325.0 6,325.0
    — — — — —
    -1,223.0 -9,494.0 17,519.0 11,915.0 -10,888.0 -10,887.0
    0.0 0.0 0.0 0.0 0.0 0.0
    38,440.0 30,532.0 41,513.0 65,643.0 51,874.0 51,879.0

    -18,168.0 -14,096.0 -4,767.0 -21,169.0 -20,428.0 -20,429.0


    4,803.0 2,489.0 14,233.0 1,431.0 2,565.0 2,565.0
    4,803.0 2,489.0 14,233.0 1,431.0 2,565.0 2,565.0
    0.0 0.0 0.0 0.0 0.0 0.0
    -22,971.0 -16,585.0 -19,000.0 -22,600.0 -22,993.0 -22,994.0
    -22,971.0 -16,585.0 -19,000.0 -22,600.0 -22,993.0 -22,994.0
    0.0 0.0 0.0 0.0 0.0 0.0
    0.0 0.0 0.0 0.0 0.0 0.0
    0.0 0.0 0.0 0.0 0.0 0.0
    0.0 0.0 0.0 0.0 0.0 0.0
    2,120.0 279.0 183.0 -1,605.0 -874.0 -874.0
    3,068.0 1,521.0 880.0 628.0 525.0 525.0
    0.0 0.0 0.0 0.0 0.0 0.0
    -948.0 -1,242.0 -697.0 -2,233.0 -1,399.0 -1,399.0
    -642.0 7.0 -600.0 -580.0 1,444.0 1,443.0
    0.0 0.0 0.0 0.0 0.0 0.0
    -16,690.0 -13,810.0 -5,184.0 -23,354.0 -19,858.0 -19,860.0

    -15,198.0 -7,424.0 -6,253.0 -7,405.0 -8,393.0 -8,392.0


    -3,415.0 5,585.0 -19,729.0 -7,872.0 -9,832.0 -9,832.0
    -308.0 -63.0 14.0 318.0 -211.0 -211.0
    11,185.0 23,033.0 1,791.0 269.0 1,029.0 1,028.0
    -14,292.0 -17,385.0 -21,534.0 -8,459.0 -10,650.0 -10,649.0
    -10,188.0 -1,702.0 -2,889.0 -18,437.0 -14,617.0 -14,617.0
    0.0 0.0 0.0 0.0 0.0 0.0
    -10,188.0 -1,702.0 -2,889.0 -18,437.0 -14,617.0 -14,617.0
    -1,759.0 422.0 -1,779.0 -4,563.0 -952.0 -952.0
    0.0 0.0 0.0 0.0 0.0 0.0
    -30,560.0 -3,119.0 -30,650.0 -38,277.0 -33,794.0 -33,793.0

    124.0 172.0 -539.0 -736.0 307.0 308.0

    -8,686.0 13,775.0 5,140.0 3,276.0 -1,471.0 -1,466.0

    7,605.0 3,290.0 5,476.0 13,120.0 13,712.0 13,712.0


    4,649.0 4,105.0 4,014.0 3,677.0 4,441.0 4,442.0

    51,647.0 26,914.0 49,204.0 81,638.0 62,028.0 62,027.0


    14.98 14.91 18.82 21.41 19.59 19.59
    911.0 532.0 423.0 906.0 2,124.0 2,124.0
    — 0.0 0.0 0.0 —
    15,469.0 13,947.0 22,513.0 43,043.0 28,881.0 28,885.0
    17,944.9 — 23,321.5 43,718.4 31,693.4 31,412.2
    16,857.0 22,021.0 17,017.0 36,602.0 21,614.0 21,618.0
    1.92 1.79 2.90 5.86 4.29 4.28
    15.44 9.90 7.57 4.80 7.65 7.39
    2.43 — 2.07 1.55 2.68 24.84
    orted for all values)
    Shell PLC (SHEL LN) - As Reported
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    Cash Flow
    Cash From Operating Activities
    Depreciation And Amortization - CF 24,499.0 26,714.0 24,993.0 26,223.0
    Deferred Income Taxes - CF — — — —
    Disposal/Sale of Assets -3,212.0 -3,460.0 -2,141.0 -1,640.0
    Other Non-Cash Items 780.0 -3,179.0 -2,049.0 -3,632.0
    Change in Inventories 7,958.0 2,827.0 -5,658.0 -2,079.0
    Change in Accounts Payable -12.0 — — —
    Change in Accounts Receivable -1,541.0 9,852.0 2,038.0 -1,686.0
    Equity In Earnings Of Affiliates/JV-CF -6,116.0 -3,527.0 -3,545.0 -4,225.0
    Net Change In Working Capital — — -6,289.0 -3,158.0
    Cash Paid For Taxes -14,299.0 -7,673.0 -4,434.0 -6,307.0
    Total Cash Flows From Operations 59,343.0 29,810.0 20,615.0 35,650.0
    Change In Trade Payables & Other Current — -7,158.0 -2,669.0 607.0
    Dividends Received From Equity Affiliates 6,902.0 4,627.0 3,820.0 4,998.0
    Income Tax Expense 13,757.0 7,058.0 2,731.0 6,591.0
    Interest Income - CF 174.0 — — —
    Net Interest Expense 1,598.0 1,529.0 2,752.0 3,365.0
    Operating Profit 14,730.0 2,200.0 4,777.0 13,435.0
    Net Cash From Operating Activities 45,044.0 37,483.0 — —
    Cash From Investing Activities
    Disposal of Fixed Assets 9,873.0 4,720.0 2,072.0 8,808.0
    Capital Expenditures -31,854.0 -26,131.0 -22,116.0 -20,845.0
    Sales (Purchases) of ST Investments - Net -587.0 — — —
    Proceeds From Investments 4,163.0 — — —
    Other Investing Activities — -664.0 -203.0 1,702.0
    Divestiture of Business — 276.0 1,565.0 2,177.0
    Purchase Of Associates/Joint Ventures -1,426.0 -896.0 -1,330.0 -595.0
    Proceeds From Sale Of Subs (Net Of Cash — — — —
    Investments In Equity Affiliates & Other Sec — — — —
    Interest Received From Investing Activities — 288.0 470.0 724.0
    Acquisition Of Business Net Of Cash — 0.0 -11,421.0 0.0
    Total Cash Flows From Investing -19,657.0 -22,407.0 -30,963.0 -8,029.0
    Cash from Financing Activities
    Dividends Paid -9,444.0 -9,370.0 -9,677.0 -10,877.0
    Decrease In St Borrowings -3,332.0 -586.0 -360.0 -869.0
    Increase In Long-Term Borrowings 7,778.0 21,500.0 18,144.0 760.0
    Decrease In Long-Term Borrowings -4,089.0 -6,023.0 -6,710.0 -11,720.0
    Repurchase of Common Stock -3,328.0 -409.0 0.0 0.0
    Effect of Exchange Rates On Cash -686.0 -1,070.0 -1,503.0 647.0
    Other Financing Activities 1,221.0 559.0 950.0 -424.0
    Net Change In Cash 11,911.0 10,145.0 -12,622.0 1,182.0
    Cash and Cash Equivalents (End of Period) 21,607.0 31,752.0 19,130.0 20,312.0
    Cash and Cash Equivalents (Beg of Period) 9,696.0 21,607.0 31,752.0 19,130.0
    Dividends Paid To Outside Equity Interests -116.0 -117.0 -180.0 -406.0
    Interest Paid From Financing Activities -1,480.0 -1,742.0 -2,938.0 -3,550.0
    Total Cash Flows From Financing -12,790.0 3,812.0 -771.0 -27,086.0
    Reference Items
    ARDR Free Cash Flow — 7,403.0 -10,348.0 27,621.0
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023

    22,135.0 28,701.0 52,444.0 26,921.0 18,529.0 31,290.0


    — — — — — —
    -3,265.0 -2,519.0 -286.0 -5,995.0 -642.0 -246.0
    2,388.0 -1,345.0 3,472.0 7,264.0 1,705.0 -5,916.0
    2,823.0 -2,635.0 4,477.0 -7,319.0 -8,360.0 6,325.0
    — — — — — —
    1,955.0 -921.0 9,625.0 -20,567.0 -8,989.0 12,401.0
    -4,106.0 -3,604.0 -1,783.0 -4,097.0 -3,972.0 -3,725.0
    — — — — — —
    -9,671.0 -7,605.0 -3,290.0 -5,476.0 -13,120.0 -13,712.0
    53,085.0 42,178.0 34,105.0 45,104.0 68,414.0 54,196.0
    -1,336.0 -1,223.0 -9,494.0 17,519.0 11,915.0 -10,888.0
    4,903.0 4,139.0 2,591.0 3,929.0 4,398.0 3,674.0
    10,475.0 — — — — —
    — — — — — —
    2,878.0 3,705.0 3,316.0 3,096.0 2,135.0 2,360.0
    23,906.0 25,485.0 -26,967.0 29,829.0 64,815.0 32,628.0
    — — — — — —

    4,366.0 4,803.0 2,489.0 14,233.0 1,431.0 2,565.0


    -23,011.0 -22,971.0 -16,585.0 -19,000.0 -22,600.0 -22,993.0
    — — — — — —
    — — — — — —
    3,449.0 -642.0 7.0 -600.0 -580.0 1,444.0
    1,594.0 2,599.0 1,240.0 584.0 511.0 474.0
    -880.0 -743.0 -1,024.0 -479.0 -1,973.0 -1,202.0
    — 469.0 281.0 296.0 117.0 51.0
    — -205.0 -218.0 -218.0 -260.0 -197.0
    823.0 911.0 532.0 423.0 906.0 2,124.0
    0.0 — — — — —
    -13,659.0 -15,779.0 -13,278.0 -4,761.0 -22,448.0 -17,737.0

    -15,675.0 -15,198.0 -7,424.0 -6,253.0 -7,405.0 -8,393.0


    -396.0 -308.0 -63.0 14.0 318.0 -211.0
    3,977.0 11,185.0 23,033.0 1,791.0 269.0 1,029.0
    -11,912.0 -14,292.0 -17,385.0 -21,534.0 -8,459.0 -10,650.0
    -3,947.0 -10,188.0 -1,702.0 -2,889.0 -18,437.0 -14,617.0
    -449.0 124.0 172.0 -539.0 -736.0 307.0
    -437.0 -1,222.0 733.0 -1,431.0 -4,357.0 -188.0
    6,429.0 -8,686.0 13,775.0 5,140.0 3,276.0 -1,471.0
    26,741.0 18,055.0 31,830.0 36,970.0 40,246.0 38,774.0
    20,312.0 26,741.0 18,055.0 31,830.0 36,970.0 40,246.0
    -584.0 -537.0 -311.0 -348.0 -206.0 -764.0
    -3,574.0 -4,649.0 -4,105.0 -4,014.0 -3,677.0 -4,441.0
    -32,548.0 -35,209.0 -7,224.0 -34,664.0 -41,954.0 -38,238.0

    39,426.0 26,399.0 20,828.0 40,343.0 45,965.0 36,460.0


    orted for all values)
    Shell PLC (SHEL LN) - Profitability
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    Returns
    Return on Common Equity 8.45 1.16 2.62 6.81
    Return on Assets 4.19 0.56 1.22 3.17
    Return on Capital 6.81 1.73 2.58 5.50
    Return on Invested Capital 4.78 -2.34 1.01 4.06

    Margins
    Gross Margin 15.15 15.93 18.23 18.05
    EBITDA Margin 10.54 8.85 11.71 13.67
    Operating Margin 4.72 -1.23 1.01 5.07
    Incremental Operating Margin -23.20 -14.82 — 18.32
    Pretax Margin 6.72 0.77 2.40 5.94
    Income before XO Margin 3.50 0.83 2.05 4.40
    Net Income Margin 3.53 0.73 1.96 4.25
    Net Income to Common Margin 3.53 0.73 1.96 4.25

    Additional
    Effective Tax Rate 47.98 — 14.79 25.90
    Dvd Payout Ratio 79.78 724.21 335.12 120.60
    Sustainable Growth Rate 1.71 -7.23 -6.16 -1.40
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023

    11.88 8.23 -12.69 12.28 23.35 10.27


    5.79 3.94 -5.53 5.13 9.99 4.56
    9.13 6.68 -6.87 8.08 16.11 8.22
    7.36 5.23 -7.12 5.82 15.03 6.43

    17.25 18.98 21.85 24.00 25.52 24.79


    13.73 14.98 14.91 18.82 21.41 19.59
    8.03 6.65 -14.14 8.52 16.55 9.71
    18.88 -18.95 -29.50 59.06 34.08 -50.04
    9.17 7.39 -14.94 11.41 17.00 10.31
    6.16 4.76 -11.93 7.89 11.24 6.20
    6.01 4.59 -12.01 7.69 11.10 6.11
    6.01 4.59 -12.01 7.69 11.10 6.11

    32.89 35.52 — 30.84 33.85 39.82


    65.94 93.24 — 34.05 17.10 43.59
    4.05 0.56 — 8.10 19.35 5.79
    orted for all values)
    Shell PLC (SHEL LN) - Growth
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    1 Year Growth
    Revenue -6.68 -37.08 -11.84 30.65
    EBITDA -8.27 -47.15 16.66 52.43
    Operating Income -26.02 — — 554.03
    Net Income to Common -9.14 -86.96 135.95 183.65
    EPS Diluted -9.23 -87.29 93.33 168.97
    EPS Diluted before XO -9.23 -87.29 93.33 168.97
    EPS Diluted before Abnormal -3.91 -53.09 -23.82 88.68
    Dividend per Share 4.44 0.00 0.00 0.00

    Accounts Receivable -27.37 -27.42 25.04 19.23


    Inventory -34.35 -19.69 37.62 15.83
    Fixed Assets 0.30 -5.01 29.13 -4.12
    Total Assets -1.23 -3.67 20.91 -1.02
    Modified Working Capital -41.26 -20.85 54.12 16.82
    Working Capital 34.52 65.19 -43.13 22.70
    Employees 2.17 -1.06 -1.08 -6.52
    Accounts Payable -23.36 -25.94 17.96 18.27
    Short-Term Debt -13.61 -23.28 71.50 24.37
    Total Debt 2.19 28.19 58.41 -7.37
    Total Equity -4.62 -5.01 14.86 4.93
    Capital -3.27 1.91 26.29 0.89
    Book Value per Share -4.39 -19.97 4.96 2.01

    Cash From Operations 11.27 -35.17 -36.00 80.88


    Capital Expenditures -20.65 -17.97 -15.36 -5.75
    Net Change In Cash — -14.83 — —
    Free Cash Flow — -81.28 — —
    Cash Flow to Firm 11.48 — — 75.85
    Free Cash Flow to Firm — — — —

    5 Year Growth
    Revenue 8.65 -6.36 -13.06 -8.16
    EBITDA 10.22 -10.93 -13.33 -4.44
    Operating Income 6.34 — -43.93 -16.32
    Net Income to Common 3.51 -37.37 -31.76 -13.44
    EPS Diluted 2.96 -38.02 -34.93 -18.20
    EPS Diluted before XO 2.96 -38.02 -34.93 -18.20
    EPS Diluted before Abnormal 4.94 -16.78 -26.39 -15.70
    Dividend per Share 2.52 2.28 2.28 1.79
    Accounts Receivable -1.01 -11.25 -11.81 -5.24
    Inventory -6.39 -11.62 -5.55 -3.90
    Fixed Assets 7.90 5.08 9.20 5.61
    Total Assets 3.86 1.07 3.56 3.05
    Modified Working Capital -10.57 -17.12 -9.70 -4.44
    Working Capital 3.06 12.67 -5.73 -2.51
    Employees -1.43 -0.84 0.44 -0.23
    Accounts Payable 1.81 -7.15 -8.94 -4.80
    Short-Term Debt 11.56 -11.09 7.16 8.53
    Total Debt 5.39 5.66 19.99 17.81
    Total Equity 4.58 1.85 1.97 2.34
    Total Capital 5 Year Growth 4.74 2.77 6.18 5.79
    Book Value per Share 4.22 -1.84 -3.33 -3.29

    Cash From Operations 15.84 1.61 -12.46 -6.08


    Net Change In Cash — — — —
    Free Cash Flow — — — —
    Cash Flow to Firm 15.69 — — —

    Sequential Growth
    Revenue -6.68 -37.08 -11.84 30.65
    EBITDA -8.27 -47.15 16.66 52.43
    Operating Income -26.02 -116.40 — 554.03
    Net Income to Common -9.14 -86.96 135.95 183.65
    EPS Diluted -9.23 -87.29 93.33 168.97
    EPS Diluted before XO -9.23 -87.29 93.33 168.97
    EPS Diluted before Abnormal -3.91 -53.09 -23.82 88.68
    Dividend per Share 4.44 0.00 0.00 0.00

    Accounts Receivable -27.37 -27.42 25.04 19.23


    Inventory -34.35 -19.69 37.62 15.83
    Fixed Assets 0.30 -5.01 29.13 -4.12
    Total Assets -1.23 -3.67 20.91 -1.02
    Modified Working Capital -41.26 -20.85 54.12 16.82
    Working Capital 34.52 65.19 -43.13 22.70
    Employees 2.17 -1.06 -1.08 -6.52
    Accounts Payable -23.36 -25.94 17.96 18.27
    Short-Term Debt -13.61 -23.28 71.50 24.37
    Total Debt 2.19 28.19 58.41 -7.37
    Total Equity -4.62 -5.01 14.86 4.93
    Capital -3.27 1.91 26.29 0.89
    Book Value per Share -4.39 -19.97 4.96 2.01

    Cash From Operations 11.27 -35.17 -36.00 80.88


    Capital Expenditures -20.65 -17.97 -15.36 -5.75
    Net Change In Cash — -14.83 -224.42 —
    Free Cash Flow — -81.28 -278.38 —
    Cash Flow to Firm 11.48 — — 75.85
    Free Cash Flow to Firm — — — —
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023

    27.26 -11.20 -47.65 44.84 45.82 -16.97


    27.86 -3.14 -47.89 82.82 65.92 -24.02
    101.47 -26.43 — — 183.22 -51.29
    79.95 -32.16 — — 110.48 -54.24
    79.49 -30.36 — — 122.18 -50.09
    79.49 -30.36 — — 122.18 -50.09
    27.52 -16.43 -81.07 618.77 94.20 -26.71
    0.00 0.00 -65.43 37.46 16.12 24.67

    -10.35 9.71 -27.92 59.39 13.30 —


    -16.28 13.99 -19.17 29.81 26.27 -18.42
    -1.42 6.80 -11.54 -7.55 1.90 -1.92
    -1.94 1.29 -6.20 6.62 9.56 -8.30
    -19.52 35.41 -25.07 39.11 10.67 —
    25.79 -33.58 28.16 98.39 34.35 -13.40
    -5.81 2.47 4.82 -5.75 6.10 —
    -8.57 -2.81 -23.17 50.62 24.89 60.06
    -14.08 48.65 12.18 -51.37 9.53 10.33
    -10.32 25.51 12.02 -17.52 -5.94 -2.69
    2.39 -5.96 -16.76 10.59 9.85 -2.20
    -1.45 2.70 -7.09 -0.80 4.53 -2.35
    3.88 -2.14 -15.92 12.51 21.63 4.74

    53.35 -23.63 -20.57 35.97 58.13 -20.98


    10.39 -0.17 -27.80 14.56 18.95 1.74
    443.91 — — -62.69 -36.26 —
    128.09 -43.38 -9.84 61.42 91.19 -32.90
    49.29 -21.51 — — 56.70 -17.54
    106.90 -38.37 — — 87.46 -27.51

    -2.96 -3.92 -7.39 2.28 4.56 -4.00


    1.97 3.08 2.79 12.45 14.38 3.07
    3.03 2.91 — 56.59 32.45 -0.29
    7.36 1.27 — 34.45 26.66 -3.68
    1.49 -3.74 — 34.68 29.63 0.35
    1.49 -3.74 — 34.68 29.63 0.35
    -3.75 -6.39 -21.93 22.31 23.01 10.11
    0.87 0.00 -19.14 -13.82 -11.21 -7.21
    -6.77 1.25 1.11 6.14 5.07 —
    -6.79 4.09 4.22 3.01 4.81 4.26
    3.07 4.37 2.89 -3.76 -2.58 -2.68
    2.23 2.75 2.20 -0.34 1.71 0.35
    -7.60 9.20 8.01 5.82 4.68 —
    14.29 -0.75 -5.66 21.12 23.34 14.46
    -2.51 -2.46 -1.33 -2.28 0.23 —
    -6.26 -1.70 -0.97 3.99 5.13 17.59
    3.96 15.88 25.03 -2.82 -5.26 -0.40
    11.51 16.19 13.10 -0.74 -0.44 1.20
    2.26 1.97 -0.69 -1.44 -0.53 -1.44
    4.36 5.61 3.68 -1.21 -0.50 -0.69
    -3.17 -2.72 -1.76 -0.38 3.18 3.35

    5.07 -2.55 1.49 18.00 14.87 0.60


    — — — — 22.62 —
    — 5.41 44.35 — 29.15 1.12
    — — — — — —

    27.26 -11.20 -47.65 44.84 45.82 -16.97


    27.86 -3.14 -47.89 82.82 65.92 -24.02
    101.47 -26.43 -211.26 — 183.22 -51.29
    79.95 -32.16 -236.85 — 110.48 -54.24
    79.49 -30.36 -242.56 — 122.18 -50.09
    79.49 -30.36 -242.56 — 122.18 -50.09
    27.52 -16.43 -81.07 618.77 94.20 -26.71
    0.00 0.00 -65.43 37.46 16.12 24.67

    -10.35 9.71 -27.92 59.39 13.30 —


    -16.28 13.99 -19.17 29.81 26.27 -18.42
    -1.42 6.80 -11.54 -7.55 1.90 -1.92
    -1.94 1.29 -6.20 6.62 9.56 -8.30
    -19.52 35.41 -25.07 39.11 10.67 —
    25.79 -33.58 28.16 98.39 34.35 -13.40
    -5.81 2.47 4.82 -5.75 6.10 —
    -8.57 -2.81 -23.17 50.62 24.89 60.06
    -14.08 48.65 12.18 -51.37 9.53 10.33
    -10.32 25.51 12.02 -17.52 -5.94 -2.69
    2.39 -5.96 -16.76 10.59 9.85 -2.20
    -1.45 2.70 -7.09 -0.80 4.53 -2.35
    3.88 -2.14 -15.92 12.51 21.63 4.74

    53.35 -23.63 -20.57 35.97 58.13 -20.98


    10.39 -0.17 -27.80 14.56 18.95 1.74
    443.91 -235.11 — -62.69 -36.26 -144.90
    128.09 -43.38 -9.84 61.42 91.19 -32.90
    49.29 -21.51 — — 56.70 -17.54
    106.90 -38.37 — — 87.46 -27.51
    orted for all values)
    Shell PLC (SHEL LN) - Credit
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    IFRS 16/ASC 842 Adoption No No No No

    Total Debt 45,540.0 58,379.0 92,476.0 85,665.0


    Short-Term Debt 7,208.0 5,530.0 9,484.0 11,795.0
    Long Term Debt 38,332.0 52,849.0 82,992.0 73,870.0

    Total Debt/T12M EBITDA 1.03 2.49 3.38 2.05


    Net Debt/EBITDA 0.54 1.14 2.68 1.57

    Total Debt/EBIT 2.29 — 39.07 5.53


    Net Debt/EBIT 1.20 — 30.99 4.22

    EBITDA to Interest Expense 58.39 23.62 13.63 14.76


    EBITDA-CapEx/Interest Expense 8.26 -1.46 1.92 6.05
    EBIT to Interest Expense 26.16 -3.28 1.18 5.48

    EBITDA/Cash Interest Paid 29.99 13.46 9.31 11.75


    EBITDA-CapEx/Cash Interest Paid 8.46 -1.54 1.78 5.88
    EBIT/Cash Interest Paid 13.43 -1.87 0.81 4.36

    Cash Interest Paid 1,480.0 1,742.0 2,938.0 3,550.0


    Interest Expense 760.0 993.0 2,007.0 2,826.0

    Common Equity/Total Assets 48.70 47.88 45.38 47.74


    Long-Term Debt/Equity 22.18 32.20 44.03 37.34
    Long-Term Debt/Capital 17.56 23.75 29.54 26.06
    Long-Term Debt/Total Assets 10.86 15.54 20.18 18.15

    Total Debt/Equity 26.36 35.57 49.06 43.31


    Total Debt/Capital 20.86 26.24 32.91 30.22
    Total Debt/Total Assets 12.90 17.16 22.49 21.04

    Net Debt/Equity 13.85 16.22 38.91 33.04


    Net Debt/Capital 12.17 13.96 28.01 24.83

    EBITDA 44,378.0 23,453.0 27,360.0 41,704.0


    EBITDA-CapEx 12,524.0 -2,678.0 5,244.0 20,859.0
    EBIT 19,879.0 -3,261.0 2,367.0 15,481.0
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
    No Yes Yes Yes Yes Yes

    76,824.0 96,424.0 108,014.0 89,086.0 83,795.0 81,541.0


    10,134.0 15,064.0 16,899.0 8,218.0 9,001.0 9,931.0
    66,690.0 81,360.0 91,115.0 80,868.0 74,794.0 71,610.0

    1.44 1.87 4.01 1.81 1.03 1.31


    0.94 1.52 2.83 1.06 0.53 0.69

    2.46 4.20 — 4.00 1.33 2.65


    1.61 3.42 — 2.34 0.69 1.39

    19.94 13.45 7.56 42.09 79.96 13.27


    8.54 6.24 2.37 14.48 29.95 8.35
    11.66 5.98 -7.17 19.06 61.81 6.58

    14.92 11.11 6.56 12.26 22.20 13.97


    8.48 6.17 2.52 7.52 16.06 8.79
    8.73 4.94 -6.22 5.55 17.16 6.92

    3,574.0 4,649.0 4,105.0 4,014.0 3,677.0 4,441.0


    2,674.0 3,840.0 3,560.0 1,169.0 1,021.0 —

    49.76 46.12 40.95 42.53 42.99 45.93


    32.93 42.72 57.47 46.12 38.83 38.02
    23.87 28.36 34.18 30.58 27.06 26.53
    16.71 20.12 24.02 20.00 16.88 17.63

    37.93 50.63 68.13 50.81 43.51 43.29


    27.50 33.61 40.52 33.69 30.32 30.21
    19.24 23.85 28.48 22.03 18.91 20.07

    24.73 41.15 48.05 29.73 22.61 22.70


    19.83 29.15 32.46 22.91 18.44 18.50

    53,324.0 51,647.0 26,914.0 49,204.0 81,638.0 62,028.0


    30,313.0 28,676.0 10,329.0 30,204.0 59,038.0 39,035.0
    31,189.0 22,946.0 -25,530.0 22,283.0 63,109.0 30,738.0
    orted for all values)
    Shell PLC (SHEL LN) - Credit Ex Operating Leases
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    IFRS 16/ASC 842 Adoption No No No No

    Total Debt 45,540.0 58,379.0 92,476.0 85,665.0


    Short-Term Debt 7,208.0 5,530.0 9,484.0 11,795.0
    Long Term Debt 38,332.0 52,849.0 82,992.0 73,870.0

    Total Debt/T12M EBITDA 1.03 2.49 3.38 2.05


    Net Debt/EBITDA 0.54 1.14 2.68 1.57

    Total Debt/EBIT 2.29 — 39.07 5.53


    Net Debt/EBIT 1.20 — 30.99 4.22

    EBITDA to Interest Expense 58.39 23.62 13.63 14.76


    EBITDA-CapEx/Interest Expense 8.26 -1.46 1.92 6.05
    EBIT to Interest Expense 26.16 -3.28 1.18 5.48

    EBITDA/Cash Interest Paid 29.99 13.46 9.31 11.75


    EBITDA-CapEx/Cash Interest Paid 8.46 -1.54 1.78 5.88
    EBIT/Cash Interest Paid 13.43 -1.87 0.81 4.36

    Cash Interest Paid 1,480.0 1,742.0 2,938.0 3,550.0


    Interest Expense 760.0 993.0 2,007.0 2,826.0

    Common Equity/Total Assets 48.70 47.88 45.38 47.74


    Long-Term Debt/Equity 22.18 32.20 44.03 37.34
    Long-Term Debt/Capital 17.56 23.75 29.54 26.06
    Long-Term Debt/Total Assets 10.86 15.54 20.18 18.15

    Total Debt/Equity 26.36 35.57 49.06 43.31


    Total Debt/Capital 20.86 26.24 32.91 30.22
    Total Debt/Total Assets 12.90 17.16 22.49 21.04

    Net Debt/Equity 13.85 16.22 38.91 33.04


    Net Debt/Capital 12.17 13.96 28.01 24.83

    EBITDA 44,378.0 23,453.0 27,360.0 41,704.0


    EBITDA-CapEx 12,524.0 -2,678.0 5,244.0 20,859.0
    EBIT 19,879.0 -3,261.0 2,367.0 15,481.0
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
    No Yes Yes Yes Yes Yes

    76,824.0 65,887.0 79,594.0 61,579.0 56,152.0 53,832.0


    10,134.0 10,108.0 12,756.0 4,080.0 4,620.0 9,931.0
    66,690.0 55,779.0 66,838.0 57,499.0 51,532.0 43,901.0

    1.44 1.30 3.08 1.30 0.70 0.87


    0.94 0.95 1.85 0.52 0.20 0.24

    2.46 3.02 — 3.03 0.91 1.75


    1.61 2.19 — 1.21 0.26 0.49

    19.94 18.69 10.23 -57.72 -113.68 13.27


    8.54 7.97 2.79 285.02 232.04 8.35
    11.66 8.07 -10.50 -24.81 -87.32 6.58

    14.92 10.86 6.31 11.76 21.73 13.97


    8.48 5.92 2.27 7.03 15.59 8.79
    8.73 4.69 -6.47 5.06 16.69 6.92

    3,574.0 4,649.0 4,105.0 4,014.0 3,677.0 4,441.0


    2,674.0 2,703.0 2,529.0 -818.0 -703.0 —

    49.76 49.12 43.54 44.97 45.36 45.93


    32.93 29.29 42.16 32.80 26.76 23.31
    23.87 21.76 28.07 24.27 20.72 18.13
    16.71 14.69 18.74 15.04 12.27 10.81

    37.93 34.59 50.21 35.12 29.16 28.58


    27.50 25.70 33.42 25.99 22.57 22.23
    19.24 17.35 22.31 16.10 13.37 13.25

    24.73 25.11 30.13 14.04 8.26 7.99


    19.83 20.07 23.15 12.31 7.63 7.40

    53,324.0 50,510.0 25,883.0 47,217.0 79,914.0 62,028.0


    30,313.0 27,539.0 9,298.0 28,217.0 57,314.0 39,035.0
    31,189.0 21,809.0 -26,561.0 20,296.0 61,385.0 30,738.0
    orted for all values)
    Shell PLC (SHEL LN) - Liquidity
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    Cash Ratio 0.25 0.45 0.26 0.25
    Current Ratio 1.16 1.32 1.17 1.20
    Quick Ratio 0.58 0.74 0.61 0.64
    CFO/Avg Current Liab 0.49 0.36 0.25 0.43
    Common Equity/Total Assets 48.70 47.88 45.38 47.74

    Long-Term Debt/Equity 22.18 32.20 44.03 37.34


    Long-Term Debt/Capital 17.56 23.75 29.54 26.06
    Long-Term Debt/Total Assets 10.86 15.54 20.18 18.15

    Total Debt/Equity 26.36 35.57 49.06 43.31


    Total Debt/Capital 20.86 26.24 32.91 30.22
    Total Debt/Total Assets 12.90 17.16 22.49 21.04

    CFO/Total Liabilities 24.25 16.11 8.15 15.68


    CFO/CapEx 1.37 1.09 0.82 1.57
    Altman's Z-Score 2.93 2.09 1.92 2.44

    Total Line of Credit 11,240.0 12,132.0 11,315.0 11,909.0


    Total Available Line Of Credit 11,240.0 12,132.0 11,315.0 11,909.0
    Total Credit Lines Drawn 0.0 0.0 0.0 0.0

    Total Commercial Paper Outstanding — — 1,018.0 341.0


    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
    0.34 0.23 0.43 0.39 0.33 0.41
    1.25 1.16 1.23 1.35 1.37 1.40
    0.70 0.61 0.73 0.75 0.66 0.41
    0.64 0.49 0.40 0.49 0.61 0.48
    49.76 46.12 40.95 42.53 42.99 45.93

    32.93 42.72 57.47 46.12 38.83 38.02


    23.87 28.36 34.18 30.58 27.06 26.53
    16.71 20.12 24.02 20.00 16.88 17.63

    37.93 50.63 68.13 50.81 43.51 43.29


    27.50 33.61 40.52 33.69 30.32 30.21
    19.24 23.85 28.48 22.03 18.91 20.07

    25.59 17.97 13.83 18.12 26.21 23.81


    2.19 1.67 1.84 2.18 2.90 2.26
    2.79 2.44 1.26 1.99 2.58 2.43

    11,875.0 12,784.0 25,766.0 9,920.0 9,920.0 —


    11,875.0 12,784.0 25,766.0 9,920.0 9,920.0 —
    0.0 0.0 0.0 0.0 0.0 —

    — — — — — —
    orted for all values)
    Shell PLC (SHEL LN) - Working Capital
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    Accounts Receivable Turnover 12.48 10.81 10.07 10.81
    Days Sales Outstanding 29.25 33.75 36.33 33.78
    Inventory Turnover 14.38 12.54 10.16 10.64
    Days Inventory Outstanding 25.39 29.11 36.02 34.30
    Accounts Payable Turnover 9.37 7.83 7.60 8.28
    Accounts Payable Turnover Days 38.95 46.63 48.19 44.10

    Cash Conversion Cycle 15.69 16.22 24.16 23.98


    Inventory to Cash Days 54.64 62.86 72.35 68.07

    Total Inventory 19,701.0 15,822.0 21,775.0 25,223.0


    Inventory Raw Materials 1,859.0 1,745.0 2,122.0 2,261.0
    Inventory In Progress 0.0 0.0 0.0 0.0
    Inventory Finished Goods 17,842.0 14,077.0 19,653.0 22,962.0
    Other Inventory 0.0 0.0 0.0 0.0
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
    13.33 11.94 6.94 9.26 10.30 —
    27.38 30.56 52.70 39.43 35.44 —
    13.87 12.37 6.48 8.89 9.94 8.22
    26.32 29.51 56.46 41.06 36.73 44.39
    9.99 9.44 5.23 7.20 7.57 4.19
    36.55 38.68 69.94 50.68 48.20 87.12

    17.14 21.40 39.22 29.81 23.96 —


    53.69 60.08 109.16 80.49 72.17 —

    21,117.0 24,071.0 19,457.0 25,258.0 31,894.0 26,019.0


    1,601.0 2,418.0 2,508.0 1,386.0 1,514.0 —
    0.0 0.0 0.0 0.0 0.0 —
    19,516.0 21,653.0 16,949.0 22,145.0 27,823.0 —
    0.0 0.0 0.0 1,727.0 2,557.0 —
    orted for all values)
    Shell PLC (SHEL LN) - Yield Analysis
    In Millions of USD except Per Share FY 2016 FY 2017 FY 2018 FY 2019
    12 Months Ending 12/31/2016 12/31/2017 12/31/2018 12/31/2019
    T12 Cash Flows to Equity
    + Cash From Operations 18,147.0 32,824.0 50,334.0 38,440.0
    + Capital Expenditures -22,116.0 -20,845.0 -23,011.0 -22,971.0
    Free Cash Flow -3,969.0 11,979.0 27,323.0 15,469.0
    Market Capitalization 225,762.8 279,200.5 240,899.2 232,912.3
    Free Cash Flow Yield -1.83 4.34 11.22 6.48

    Dividends Paid -9,677.0 -10,877.0 -15,675.0 -15,198.0


    Net Share Repurchases 0.0 0.0 -3,947.0 -10,188.0
    Net ST Debt Repayments -360.0 -869.0 -396.0 -308.0
    Net LT Debt Repayments 11,434.0 -10,960.0 -7,935.0 -3,107.0
    Other Financing Activities -733.0 -183.0 -1,470.0 -1,635.0
    T12 Cash to Suppliers of Capital 664.0 -22,889.0 -29,423.0 -30,436.0
    Market Capitalization 225,762.8 279,200.5 240,899.2 232,912.3
    T12 Shareholder Yield -0.29 8.20 12.21 13.07

    - Dividends Paid -9,677.0 -10,877.0 -15,675.0 -15,198.0


    - Net Share Repurchases 0.0 0.0 -3,947.0 -10,188.0
    T12 Cash to Shareholders 9,677.0 10,877.0 19,622.0 25,386.0
    Market Capitalization 225,762.8 279,200.5 240,899.2 232,912.3
    T12 Shareholder Yield, Ex Debt 4.29 3.90 8.15 10.90

    T12 Cash Flows to the Firm


    + Cash From Operations 18,147.0 32,824.0 50,334.0 38,440.0
    + Capital Expenditures -22,116.0 -20,845.0 -23,011.0 -22,971.0
    + After-Tax Interest Expense 1,710.2 2,094.2 1,794.6 2,475.9
    Trailing 12M Free Cash Flow To Firm -2,258.8 14,073.2 29,117.6 17,944.9
    Periodic Enterprise Value 300,973.8 348,009.5 294,870.2 315,268.3
    T12 FCFF Yield -0.75 4.04 9.87 5.69

    - Dividends Paid -9,677.0 -10,877.0 -15,675.0 -15,198.0


    - Net Share Repurchases 0.0 0.0 -3,947.0 -10,188.0
    - Net ST Debt Repayments -360.0 -869.0 -396.0 -308.0
    - Net LT Debt Repayments 11,434.0 -10,960.0 -7,935.0 -3,107.0
    - Other Financing Activities -733.0 -183.0 -1,470.0 -1,635.0
    T12 Cash to Suppliers of Capital 664.0 -22,889.0 -29,423.0 -30,436.0
    Periodic Enterprise Value 300,973.8 348,009.5 294,870.2 315,268.3
    T12 Capital Yield -0.22 6.58 9.98 9.65
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Est FY 2025 Est
    12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025

    30,532.0 41,513.0 65,643.0 51,874.0 56,527.7 59,059.5


    -16,585.0 -19,000.0 -22,600.0 -22,993.0
    13,947.0 22,513.0 43,043.0 28,881.0 33,069.0 35,525.0
    137,882.6 168,134.9 196,279.1 214,121.6
    10.10 13.21 20.82 13.07

    -7,424.0 -6,253.0 -7,405.0 -8,393.0


    -1,702.0 -2,889.0 -18,437.0 -14,617.0
    -63.0 14.0 318.0 -211.0
    5,648.0 -19,743.0 -8,190.0 -9,621.0
    594.0 -2,318.0 -5,299.0 -645.0
    -2,947.0 -31,189.0 -39,013.0 -33,487.0
    137,882.6 168,134.9 196,279.1 214,121.6
    2.14 18.55 19.88 15.64

    -7,424.0 -6,253.0 -7,405.0 -8,393.0


    -1,702.0 -2,889.0 -18,437.0 -14,617.0
    9,126.0 9,142.0 25,842.0 23,010.0
    137,882.6 168,134.9 196,279.1 214,121.6
    6.62 5.44 13.17 10.75

    30,532.0 41,513.0 65,643.0 51,874.0 56,527.7 59,059.5


    -16,585.0 -19,000.0 -22,600.0 -22,993.0
    — 808.5 675.4 —
    — 23,321.5 43,718.4 31,693.4
    217,293.6 223,610.9 241,953.1 258,643.6
    — 10.43 18.07 12.25

    -7,424.0 -6,253.0 -7,405.0 -8,393.0


    -1,702.0 -2,889.0 -18,437.0 -14,617.0
    -63.0 14.0 318.0 -211.0
    5,648.0 -19,743.0 -8,190.0 -9,621.0
    594.0 -2,318.0 -5,299.0 -645.0
    -2,947.0 -31,189.0 -39,013.0 -33,487.0
    217,293.6 223,610.9 241,953.1 258,643.6
    1.36 13.95 16.12 12.95
    orted for all values)
    Shell PLC (SHEL LN) - DuPont Analysis
    In Millions of USD except Per Share FY 2014 FY 2015 FY 2016 FY 2017
    12 Months Ending 12/31/2014 12/31/2015 12/31/2016 12/31/2017
    Tax Burden
    Net Inc to Comn/Pre-Tax Profit % 52.53 94.72 81.61 71.58
    Adjustment Factor
    Normlzd Net Inc/Net Inc to Cmn 1.24 4.52 1.80 1.26
    Interest Burden
    Pre-Tax Profit/EBIT % 97.39 67.34 73.64 86.51
    Operating Margin
    EBIT/Revenue % 6.90 1.15 3.26 6.87
    Asset Turnover
    Revenue/Avg Assets 1.19 0.76 0.62 0.75
    Leverage Ratio
    Avg Assets/Avg Equity 2.02 2.07 2.15 2.15

    Adjusted Return on Equity 10.45 5.24 4.71 8.59

    5 Year Average Adj ROE 14.35 12.44 9.60 7.95


    Payout Ratio 79.78 724.21 335.12 120.60
    Sustainable Growth Rate 1.71 -7.23 -6.16 -1.40
    Source: Bloomberg Right click to show data transparency (not supported for all values)
    FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023
    12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023

    65.56 62.16 80.39 67.39 65.28 59.34

    0.90 1.08 — 1.11 0.97 1.43

    93.02 86.91 115.21 96.23 98.45 87.47

    9.86 8.50 -12.96 11.85 17.27 11.78

    0.96 0.86 0.46 0.67 0.90 0.75

    2.05 2.09 2.29 2.39 2.34 2.25

    10.65 8.85 1.81 13.64 22.66 14.64

    7.93 7.61 6.92 8.71 11.52 12.32


    65.94 93.24 — 34.05 17.10 43.59
    4.05 0.56 — 8.10 19.35 5.79
    orted for all values)

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