Shell plc (SHEL) — Cash Flow Reinvestment Rate
Shell plc (SHEL) has a Cash Flow Reinvestment Rate of 0.19x as of June 2026, reinvesting GBX4.04 Billion (capex GBX4.03 Billion plus investments GBX11.00 Million) from operating cash flow of GBX21.43 Billion. See SHEL free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Shell plc Cash Flow Reinvestment Rate (1998–2025)
Historical reinvestment intensity for Shell plc across 28 annual periods. For the full cash flow conversion analysis, see Shell plc (SHEL) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for Shell plc (1998–2025)
Year-by-year capital reinvestment analysis for Shell plc. See SHEL financial flexibility index to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (GBX) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.47x | GBX19.39 Billion | GBX41.57 Billion | GBX19.34 Billion | ▼ -26.6% |
| 2024 | 0.64x | GBX34.76 Billion | GBX54.69 Billion | GBX19.60 Billion | ▼ -15.4% |
| 2023 | 0.75x | GBX40.73 Billion | GBX54.19 Billion | GBX22.99 Billion | ▲ +14.1% |
| 2022 | 0.66x | GBX45.05 Billion | GBX68.41 Billion | GBX22.60 Billion | ▲ +54.8% |
| 2021 | 0.43x | GBX19.18 Billion | GBX45.10 Billion | GBX19.00 Billion | ▼ -14.0% |
| 2020 | 0.49x | GBX16.86 Billion | GBX34.10 Billion | GBX16.59 Billion | ▼ -16.9% |
| 2019 | 0.59x | GBX25.09 Billion | GBX42.18 Billion | GBX22.97 Billion | ▲ +12.6% |
| 2018 | 0.53x | GBX28.04 Billion | GBX53.09 Billion | GBX23.01 Billion | ▼ -24.6% |
| 2017 | 0.70x | GBX24.97 Billion | GBX35.65 Billion | GBX20.84 Billion | ▼ -72.8% |
| 2016 | 2.57x | GBX53.08 Billion | GBX20.61 Billion | GBX22.12 Billion | ▲ +186.9% |
| 2015 | 0.90x | GBX26.75 Billion | GBX29.81 Billion | GBX26.13 Billion | ▲ +16.9% |
| 2014 | 0.77x | GBX34.59 Billion | GBX45.04 Billion | GBX31.85 Billion | ▼ -22.6% |
| 2013 | 0.99x | GBX40.15 Billion | GBX40.44 Billion | GBX40.15 Billion | ▲ +40.6% |
| 2012 | 0.71x | GBX32.58 Billion | GBX46.14 Billion | GBX32.58 Billion | ▼ -1.3% |
| 2011 | 0.72x | GBX26.30 Billion | GBX36.77 Billion | GBX26.30 Billion | ▼ -27.4% |
| 2010 | 0.99x | GBX26.94 Billion | GBX27.35 Billion | GBX26.94 Billion | ▼ -20.2% |
| 2009 | 1.23x | GBX26.52 Billion | GBX21.49 Billion | GBX26.52 Billion | ▲ +16.6% |
| 2008 | 1.06x | GBX35.06 Billion | GBX33.15 Billion | GBX35.06 Billion | ▲ +43.7% |
| 2007 | 0.74x | GBX24.58 Billion | GBX33.38 Billion | GBX24.58 Billion | ▼ -1.8% |
| 2006 | 0.75x | GBX22.92 Billion | GBX30.58 Billion | GBX22.92 Billion | ▲ +35.5% |
| 2005 | 0.55x | GBX15.90 Billion | GBX28.74 Billion | GBX15.90 Billion | ▼ -12.3% |
| 2004 | 0.63x | GBX13.57 Billion | GBX21.50 Billion | GBX13.57 Billion | ▲ +11.9% |
| 2003 | 0.56x | GBX12.25 Billion | GBX21.72 Billion | GBX12.25 Billion | ▼ -24.1% |
| 2002 | 0.74x | GBX12.10 Billion | GBX16.28 Billion | GBX12.10 Billion | ▲ +30.7% |
| 2001 | 0.57x | GBX9.63 Billion | GBX16.93 Billion | GBX9.63 Billion | ▲ +68.1% |
| 2000 | 0.34x | GBX6.21 Billion | GBX18.36 Billion | GBX6.21 Billion | ▼ -49.5% |
| 1999 | 0.67x | GBX7.41 Billion | GBX11.06 Billion | GBX7.41 Billion | ▼ -23.3% |
| 1998 | 0.87x | GBX12.86 Billion | GBX14.73 Billion | GBX12.86 Billion | — |