Shell plc (SHEL) — Capital Reinvestment Ratio
Latest as of March 2026:
0.70x
Shell plc (SHEL) has a Capital Reinvestment Ratio of 0.70x as of March 2026, meaning it reinvests 1% of its operating cash flow (GBX5.27 Billion) in capital expenditures (GBX3.68 Billion). See SHEL free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.70x
Capex / Operating Cash Flow
Operating Cash Flow
GBX5.27 Billion
GBX
Capital Expenditures
GBX3.68 Billion
GBX
Data as of
Mar 2026
Most recent filing
Shell plc Capital Reinvestment Ratio (1998–2025)
This chart tracks Shell plc's Capital Reinvestment Ratio across 28 annual periods.
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 SHEL company net worth.
| 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