Shell plc (SHEL) balance sheet
NYSE · Energy · Oil & Gas Integrated · 84,000 employees · CEO Wael Sawan
- Price
- $108.69 +0.95%
- Market cap
- $309B
- Enterprise value
- $347B
- Last report
- Q3 '26 filed 2026-09-30
- Next report
- 2027-02-04 EPS est. $3.41
At the end of Q3 '26 Shell plc (SHEL) held $36.4B in cash and short-term investments against $76.1B of debt incl. leases. Total assets $421B, total liabilities $221B, shareholders' equity $198B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $38.8B | $39.9B | $38.1B | $42.3B | $39.1B | $35.6B | $32.7B | $33.1B | $30.2B | $23.1B | $31.4B | $36.4B | |
| Receivables | $36.5B | $53.2B | $50.6B | $46.8B | $31.2B | $48.2B | $45.6B | $45.3B | $44.6B | $53.9B | $52.9B | $58.9B | |
| Inventory | $26B | $26.5B | $26.4B | $24.1B | $23.4B | $23B | $23.3B | $22.9B | $22.2B | $28.7B | $26.6B | $29.8B | |
| Other current assets | $26.7B | $13.5B | $13.4B | $12.4B | $28.4B | $19.8B | $20.1B | $19.9B | $10.1B | $13.5B | $11.9B | $16.7B | |
| Current assets | $134B | $133B | $129B | $126B | $128B | $127B | $122B | $121B | $107B | $119B | $123B | $142B | |
| Property, plant & equipment (net) | $195B | $192B | $190B | $192B | $185B | $184B | $186B | $184B | $185B | $186B | $182B | $203B | |
| Long-term investments | $27.7B | $28.1B | $28.1B | $28.8B | $25.7B | $26.5B | $33.7B | $33.5B | $29.3B | $37B | $29.5B | $37.8B | |
| Goodwill | $16.7B | $16.6B | $16.5B | $16.6B | $16B | $16.1B | $16.3B | $16B | $15.7B | $15.2B | $15B | $16.1B | |
| Intangible assets | $10.3B | $10B | $9.39B | $8.19B | $9.48B | $11.4B | $11.3B | $9.55B | $11B | $10.9B | $10.4B | $10.3B | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $7.52B | $8.09B | $8.17B | $7.47B | $6.61B | $5.57B | |
| Other non-current assets | $22.7B | $22.3B | $22.5B | $24.1B | $23.3B | $24.9B | $11B | $5.53B | $13.9B | $5.19B | $13.9B | $5.74B | |
| Non-current assets | $272B | $269B | $266B | $269B | $260B | $263B | $266B | $257B | $263B | $261B | $258B | $279B | |
| Total assets | $406B | $402B | $395B | $395B | $388B | $389B | $388B | $378B | $370B | $381B | $381B | $421B | |
| Liabilities | |||||||||||||
| Accounts payable | $34.6B | $66B | $63.9B | $61.1B | $29.8B | $60.9B | $58.4B | $56.8B | $57.8B | $64.3B | $60.7B | $70.9B | |
| Accrued expenses | $16.6B | $0 | $0 | $0 | $14.9B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Short-term debt | $5.37B | $11B | $10.8B | $12B | $6.94B | $11.4B | $10.5B | $10B | $9.13B | $10.1B | $8.54B | $8.94B | |
| Taxes payable | $6.53B | $3.94B | $4.09B | $4.29B | $8.09B | $4.34B | $3.64B | $0 | $3.15B | $0 | $4.35B | $0 | |
| Other current liabilities | $34.3B | $12.9B | $12.6B | $12.2B | $38.7B | $19.5B | $19.5B | $19.3B | $15.5B | $15.2B | $12B | $17.3B | |
| Current liabilities | $95.5B | $93.9B | $91.5B | $89.6B | $95B | $96.1B | $92B | $89.6B | $82.4B | $93.5B | $85.6B | $103B | |
| Long-term debt | $48.6B | $42B | $39B | $39B | $41.5B | $36.6B | $36.3B | $35.4B | $66.5B | $40.4B | $34.9B | $40B | |
| Lease obligations (non-current) | $23.1B | $26.9B | $25.6B | $25.6B | $24B | $28.5B | $29B | $28.6B | $28.9B | $25.2B | $29.6B | $27.2B | |
| Deferred revenue (non-current) | $235M | $0 | $0 | $0 | $233M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $15.3B | $15.2B | $15.3B | $15.5B | $13.5B | $13.3B | $12.9B | $12B | $12B | $11.9B | $11.8B | $14.8B | |
| Other non-current liabilities | $35.2B | $36.1B | $36.2B | $35.7B | $33.2B | $34.1B | $34.7B | $34.4B | $5.19B | $35.1B | $36.8B | $36.1B | |
| Non-current liabilities | $122B | $120B | $116B | $116B | $112B | $112B | $113B | $110B | $113B | $113B | $113B | $118B | |
| Total liabilities | $218B | $214B | $208B | $205B | $207B | $209B | $205B | $200B | $195B | $206B | $199B | $221B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $544M | $537M | $528M | $519M | $510M | $502M | $493M | $485M | $477M | $471M | $465M | $478M | |
| Retained earnings | $166B | $167B | $165B | $163B | $159B | $158B | $155B | $192B | $191B | $191B | $161B | $205B | |
| Accumulated other comprehensive income | $20B | $18.8B | $20B | $24B | $18.8B | $20.6B | $25B | -$16.8B | -$16.2B | -$17.6B | $19.6B | -$17B | |
| Shareholders' equity | $187B | $187B | $185B | $188B | $178B | $179B | $181B | $176B | $174B | $174B | $181B | $198B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $81.6B | $79.9B | $75.5B | $76.6B | $77.1B | $76.5B | $75.7B | $74B | $105B | $75.6B | $73.1B | $76.1B | |
| Net debt (debt - cash) | $42.9B | $40B | $37.3B | $34.4B | $38B | $40.9B | $43B | $40.9B | $74.4B | $52.5B | $41.7B | $39.7B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $19.1B | $20.3B | $26.7B | $18.1B | $31.8B | $37B | $40.2B | $38.8B | $39.1B | $30.2B | |
| Receivables | $25.8B | $30.7B | $27.5B | $30.4B | $22B | $34.9B | $39.5B | $36.5B | $31.2B | $44.6B | |
| Inventory | $21.8B | $25.2B | $21.1B | $24.1B | $19.5B | $25.3B | $31.9B | $26B | $23.4B | $22.2B | |
| Other current assets | $15.7B | $15.2B | $16.7B | $15.9B | $15B | $22.6B | $39.7B | $26.7B | $28.4B | $10.1B | |
| Current assets | $86.6B | $95.4B | $97.5B | $92.7B | $92B | $129B | $166B | $134B | $128B | $107B | |
| Property, plant & equipment (net) | $236B | $226B | $223B | $238B | $210B | $195B | $199B | $195B | $185B | $185B | |
| Long-term investments | $39.2B | $35.1B | $28.4B | $25.8B | $25.7B | $27.2B | $27.2B | $27.7B | $25.7B | $29.3B | |
| Goodwill | $13B | $13.7B | $13.7B | $14.2B | $14B | $14.9B | $16B | $16.7B | $16B | $15.7B | |
| Intangible assets | $11B | $10.5B | $9.87B | $9.28B | $8.67B | $9.77B | $9.66B | $10.3B | $9.48B | $11B | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.17B | |
| Other non-current assets | $25.4B | $26B | $26.5B | $24B | $29.2B | $28.8B | $25.5B | $22.7B | $23.3B | $13.9B | |
| Non-current assets | $325B | $312B | $302B | $312B | $287B | $276B | $277B | $272B | $260B | $263B | |
| Total assets | $411B | $407B | $399B | $404B | $379B | $404B | $443B | $406B | $388B | $370B | |
| Liabilities | |||||||||||
| Accounts payable | $28.1B | $33.2B | $30.4B | $29.5B | $22.7B | $34.1B | $42.6B | $34.6B | $29.8B | $57.8B | |
| Accrued expenses | $15B | $14.2B | $14.3B | $13.9B | $12B | $15B | $18.5B | $16.6B | $14.9B | $0 | |
| Short-term debt | $8.36B | $10.7B | $9.11B | $10.1B | $12.8B | $4.08B | $4.62B | $5.37B | $6.94B | $9.13B | |
| Taxes payable | $6.69B | $7.25B | $7.5B | $6.69B | $6.01B | $3.25B | $4.87B | $6.53B | $8.09B | $3.15B | |
| Other current liabilities | $21.3B | $20.6B | $23B | $21.1B | $22.2B | $38.2B | $51.1B | $34.3B | $38.7B | $15.5B | |
| Current liabilities | $73.8B | $79.8B | $77.8B | $79.6B | $73.7B | $95.5B | $121B | $95.5B | $95B | $82.4B | |
| Long-term debt | $69.3B | $59.4B | $53.7B | $55.8B | $66.8B | $57.5B | $51.5B | $48.6B | $41.5B | $66.5B | |
| Lease obligations (non-current) | $13.7B | $14.4B | $13B | $25.6B | $24.3B | $23.4B | $23.3B | $23.1B | $24B | $28.9B | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $253M | $235M | $233M | $0 | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $10.5B | $0 | $16.2B | $15.3B | $13.5B | $12B | |
| Other non-current liabilities | $65.9B | $55.6B | $52.2B | $52.9B | $45.4B | $52.6B | $37.9B | $35.2B | $33.2B | $5.19B | |
| Non-current liabilities | $149B | $130B | $119B | $134B | $147B | $134B | $129B | $122B | $112B | $113B | |
| Total liabilities | $223B | $209B | $197B | $214B | $221B | $229B | $250B | $218B | $207B | $195B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $683M | $696M | $685M | $657M | $651M | $641M | $584M | $544M | $510M | $477M | |
| Retained earnings | $176B | $178B | $183B | $172B | $143B | $153B | $169B | $166B | $159B | $191B | |
| Accumulated other comprehensive income | $10.2B | $15.9B | $15.2B | $13.2B | $11.9B | $18.1B | $20.3B | $20B | $18.8B | -$16.2B | |
| Shareholders' equity | $187B | $194B | $199B | $186B | $155B | $172B | $190B | $187B | $178B | $174B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $92.5B | $85.7B | $76.8B | $96.4B | $108B | $89.1B | $83.8B | $81.6B | $77.1B | $105B | |
| Net debt (debt - cash) | $73.3B | $65.4B | $50.1B | $78.4B | $76.2B | $52.1B | $43.5B | $42.9B | $38B | $74.4B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-01