Shell Quarterly Balance Sheet
NYSE: SHELEnergyOil & Gas ProductionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Shell financial position
As of Dec 31, 2025, Shell reported total assets of $370.35 billion, down 8.4% from a year earlier against total liabilities of $195.03 billion. Shareholders' equity stood at $174.39 billion, or 47.1% of assets. The company held $30.22 billion in cash and equivalents against $75.64 billion of debt, a net debt position of $45.43 billion.
The current ratio (current assets divided by current liabilities) was 1.30, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.43.
Summary generated from market data by MetaCap's automated system. Methodology
Shell balance sheet (quarterly)
| Quarter (USD) | Q4 20252025-12-31 | Q4 20242024-12-31 | Q4 20232023-12-31 | Q4 20222022-12-31 | Q4 20212021-12-31 | Q4 20202020-12-31 | Q4 20192019-12-31 | Q4 20182018-12-31 | Q4 20172017-12-31 | Q4 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 30.22B | 39.11B | 38.77B | 40.25B | 36.97B | 31.83B | 18.05B | 26.74B | 20.31B | 19.13B |
| Receivables | 44.60B | 45.86B | 53.27B | 66.51B | 53.21B | 33.63B | 43.41B | 42.43B | 44.56B | 45.66B |
| Inventory | 22.22B | 23.43B | 26.02B | 31.89B | 25.26B | 19.46B | 24.07B | 21.12B | 25.22B | 21.77B |
| Total Current Assets | 107.17B | 127.93B | 134.12B | 165.94B | 128.76B | 91.95B | 92.69B | 97.48B | 95.40B | 86.57B |
| Property, Plant & Equipment | — | — | — | 198.64B | 194.93B | 209.70B | 238.35B | 223.18B | 226.38B | 236.10B |
| Goodwill | 15.66B | 16.03B | 16.66B | 16.04B | 14.92B | — | — | — | — | — |
| Intangible Assets | 11.01B | 9.48B | 10.25B | 9.66B | 9.77B | — | — | — | — | — |
| Total Assets | 370.35B | 387.61B | 406.27B | 443.02B | 404.38B | 379.27B | 404.34B | 399.19B | 407.10B | 411.27B |
| Accounts Payable | 57.77B | 60.69B | 68.24B | 79.36B | 63.17B | 44.57B | 49.21B | 48.89B | 51.41B | 53.42B |
| Short-Term Debt | 9.13B | 11.63B | 9.93B | 9.00B | 8.22B | 16.90B | 15.06B | 10.13B | 11.79B | 9.48B |
| Total Current Liabilities | 82.42B | 95.03B | 95.47B | 121.31B | 95.55B | 73.71B | 79.62B | 77.81B | 79.77B | 73.83B |
| Long-Term Debt | 66.52B | 65.45B | 71.61B | 74.79B | 80.87B | 91.11B | 81.36B | 66.69B | 73.87B | 82.99B |
| Total Liabilities | 195.03B | 207.44B | 217.91B | 250.43B | 229.05B | 220.73B | 213.87B | 196.66B | 209.28B | 222.76B |
| Shareholders' Equity | 174.39B | 178.31B | 186.61B | 190.47B | 171.97B | 155.31B | 186.48B | 198.65B | 194.36B | 186.65B |
| Retained Earnings | 153.53B | 158.83B | 165.91B | 169.48B | 153.03B | 142.62B | 172.43B | 182.61B | 177.65B | 175.57B |
| Total Debt | 75.64B | 77.08B | 81.54B | 83.80B | 89.09B | 108.01B | 96.42B | 76.82B | 85.67B | 92.48B |
| Net Cash (Debt) | -45.43B | -37.97B | -42.77B | -43.55B | -52.12B | -76.18B | -78.37B | -50.08B | -65.35B | -73.35B |
This table shows 10 quarterly periods of Shell's balance sheet, from Q4 2025 back to Q4 2016, across 17 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow SHEL's reporting calendar. What is a balance sheet?