Shell plc (SHEL) — Cash Flow Quality Index

Latest as of June 2026: 1.36x

Shell plc (SHEL) has a Cash Flow Quality Index of 1.36x as of June 2026. Operating cash flow of GBX21.43 Billion exceeds net income of GBX15.75 Billion, indicating high earnings quality where cash backs reported profits. Explore Shell plc (SHEL) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

1.36x
Operating CF / Net Income

Operating Cash Flow

GBX21.43 Billion
GBX

Net Income

GBX15.75 Billion
GBX

Data as of

Jun 2026
Most recent filing

Shell plc Cash Flow Quality Index (1998–2025)

Historical Cash Flow Quality Index for Shell plc across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Shell plc.

Annual Cash Flow Quality Index for Shell plc (1998–2025)

Year-by-year earnings quality comparison for Shell plc.

Year Quality Index Operating CF (GBX) Net Income YoY Change
2025 2.28x GBX41.57 Billion GBX18.21 Billion ▼ -32.8%
2024 3.40x GBX54.69 Billion GBX16.09 Billion ▲ +21.4%
2023 2.80x GBX54.19 Billion GBX19.36 Billion ▲ +165.2%
2022 1.06x GBX68.41 Billion GBX64.81 Billion ▼ -53.0%
2021 2.24x GBX45.10 Billion GBX20.10 Billion ▼ -15.7%
2019 2.66x GBX42.18 Billion GBX15.84 Billion ▲ +17.1%
2018 2.27x GBX53.09 Billion GBX23.35 Billion ▼ -14.3%
2017 2.65x GBX35.65 Billion GBX13.44 Billion ▼ -41.1%
2016 4.51x GBX20.61 Billion GBX4.58 Billion ▼ -70.7%
2015 15.37x GBX29.81 Billion GBX1.94 Billion ▲ +407.7%
2014 3.03x GBX45.04 Billion GBX14.87 Billion ▲ +23.8%
2013 2.45x GBX40.44 Billion GBX16.53 Billion ▲ +42.3%
2012 1.72x GBX46.14 Billion GBX26.84 Billion ▲ +45.8%
2011 1.18x GBX36.77 Billion GBX31.18 Billion ▼ -11.7%
2010 1.34x GBX27.35 Billion GBX20.47 Billion ▼ -20.9%
2009 1.69x GBX21.49 Billion GBX12.72 Billion ▲ +138.9%
2008 0.71x GBX33.15 Billion GBX46.87 Billion ▼ -13.7%
2007 0.82x GBX33.38 Billion GBX40.75 Billion ▲ +0.9%
2006 0.81x GBX30.58 Billion GBX37.68 Billion ▲ +25.9%
2005 0.64x GBX28.74 Billion GBX44.57 Billion ▼ -22.1%
2004 0.83x GBX21.50 Billion GBX25.99 Billion ▼ -52.4%
2003 1.74x GBX21.72 Billion GBX12.50 Billion ▲ +3.8%
2002 1.67x GBX16.28 Billion GBX9.72 Billion ▲ +7.3%
2001 1.56x GBX16.93 Billion GBX10.85 Billion ▲ +8.1%
2000 1.44x GBX18.36 Billion GBX12.72 Billion ▲ +12.0%
1999 1.29x GBX11.06 Billion GBX8.58 Billion ▼ -96.9%
1998 42.08x GBX14.73 Billion GBX350.00 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.