Shell plc (SHEL) — Capital Reinvestment Ratio
Latest as of December 2025:
0.60x
Shell plc (SHEL) has a Capital Reinvestment Ratio of 0.60x as of December 2025, meaning it reinvests 1% of its operating cash flow (GBX8.80 Billion) in capital expenditures (GBX5.32 Billion). See SHEL equity to assets ratio to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
0.60x
Capex / Operating Cash Flow
Operating Cash Flow
GBX8.80 Billion
GBX
Capital Expenditures
GBX5.32 Billion
GBX
Data as of
Dec 2025
Most recent filing
Shell plc Capital Reinvestment Ratio (1998–2025)
This chart tracks Shell plc's Capital Reinvestment Ratio across 28 annual periods. Check SHEL cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Shell plc (1998–2025)
Year-by-year Capital Reinvestment Ratio for Shell plc from 1998 to 2025. For live market cap and broader valuation context, see Shell plc stock valuation.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.47x | GBX41.57 Billion | GBX19.34 Billion | ▲ +29.8% |
| 2024 | 0.36x | GBX54.69 Billion | GBX19.60 Billion | ▼ -15.5% |
| 2023 | 0.42x | GBX54.19 Billion | GBX22.99 Billion | ▲ +28.4% |
| 2022 | 0.33x | GBX68.41 Billion | GBX22.60 Billion | ▼ -21.6% |
| 2021 | 0.42x | GBX45.10 Billion | GBX19.00 Billion | ▼ -13.4% |
| 2020 | 0.49x | GBX34.10 Billion | GBX16.59 Billion | ▼ -10.7% |
| 2019 | 0.54x | GBX42.18 Billion | GBX22.97 Billion | ▲ +25.6% |
| 2018 | 0.43x | GBX53.09 Billion | GBX23.01 Billion | ▼ -25.9% |
| 2017 | 0.58x | GBX35.65 Billion | GBX20.84 Billion | ▼ -45.5% |
| 2016 | 1.07x | GBX20.61 Billion | GBX22.12 Billion | ▲ +22.4% |
| 2015 | 0.88x | GBX29.81 Billion | GBX26.13 Billion | ▲ +24.0% |
| 2014 | 0.71x | GBX45.04 Billion | GBX31.85 Billion | ▼ -28.8% |
| 2013 | 0.99x | GBX40.44 Billion | GBX40.15 Billion | ▲ +40.6% |
| 2012 | 0.71x | GBX46.14 Billion | GBX32.58 Billion | ▼ -1.3% |
| 2011 | 0.72x | GBX36.77 Billion | GBX26.30 Billion | ▼ -27.4% |
| 2010 | 0.99x | GBX27.35 Billion | GBX26.94 Billion | ▼ -20.2% |
| 2009 | 1.23x | GBX21.49 Billion | GBX26.52 Billion | ▲ +16.6% |
| 2008 | 1.06x | GBX33.15 Billion | GBX35.06 Billion | ▲ +43.7% |
| 2007 | 0.74x | GBX33.38 Billion | GBX24.58 Billion | ▼ -1.8% |
| 2006 | 0.75x | GBX30.58 Billion | GBX22.92 Billion | ▲ +35.5% |
| 2005 | 0.55x | GBX28.74 Billion | GBX15.90 Billion | ▼ -12.3% |
| 2004 | 0.63x | GBX21.50 Billion | GBX13.57 Billion | ▲ +11.9% |
| 2003 | 0.56x | GBX21.72 Billion | GBX12.25 Billion | ▼ -24.1% |
| 2002 | 0.74x | GBX16.28 Billion | GBX12.10 Billion | ▲ +30.7% |
| 2001 | 0.57x | GBX16.93 Billion | GBX9.63 Billion | ▲ +68.1% |
| 2000 | 0.34x | GBX18.36 Billion | GBX6.21 Billion | ▼ -49.5% |
| 1999 | 0.67x | GBX11.06 Billion | GBX7.41 Billion | ▼ -23.3% |
| 1998 | 0.87x | GBX14.73 Billion | GBX12.86 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow