Shell plc (SHEL) — Cash Flow Reinvestment Rate
Shell plc (SHEL) has a Cash Flow Reinvestment Rate of 0.61x as of December 2025, reinvesting GBX5.36 Billion (capex GBX5.32 Billion plus investments GBX-36.00 Million) from operating cash flow of GBX8.80 Billion. Explore SHEL capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore how large is Shell plc's balance sheet for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Shell plc (1998–2025)
Year-by-year capital reinvestment analysis for Shell plc. For live market cap and broader valuation context, see SHEL stock market capitalisation.
| 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 | — |