Shell plc (SHEL) — Free Cash Flow Generation Index
Latest as of December 2025:
0.40x
Shell plc (SHEL) has a Free Cash Flow Generation Index of 0.40x as of December 2025. Free cash flow of GBX3.48 Billion represents 0% of operating cash flow (GBX8.80 Billion). See SHEL net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.40x
Free Cash Flow / Operating CF
Free Cash Flow
GBX3.48 Billion
GBX
Operating Cash Flow
GBX8.80 Billion
GBX
Capital Expenditures
GBX5.32 Billion
GBX
Shell plc Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Shell plc across 28 annual periods. Explore Shell plc (SHEL) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Shell plc (1998–2025)
Year-by-year Free Cash Flow Generation Index for Shell plc. For the full company profile including market capitalisation, see SHEL company net worth.
| Year | FCG Index | Free Cash Flow (GBX) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.53x | GBX22.22 Billion | GBX41.57 Billion | GBX19.34 Billion | ▼ -16.7% |
| 2024 | 0.64x | GBX35.09 Billion | GBX54.69 Billion | GBX19.60 Billion | ▲ +11.4% |
| 2023 | 0.58x | GBX31.20 Billion | GBX54.19 Billion | GBX22.99 Billion | ▼ -14.0% |
| 2022 | 0.67x | GBX45.81 Billion | GBX68.41 Billion | GBX22.60 Billion | ▲ +15.7% |
| 2021 | 0.58x | GBX26.11 Billion | GBX45.10 Billion | GBX19.00 Billion | ▲ +12.7% |
| 2020 | 0.51x | GBX17.52 Billion | GBX34.10 Billion | GBX16.59 Billion | ▲ +12.8% |
| 2019 | 0.46x | GBX19.21 Billion | GBX42.18 Billion | GBX22.97 Billion | ▼ -19.6% |
| 2018 | 0.57x | GBX30.07 Billion | GBX53.09 Billion | GBX23.01 Billion | ▲ +36.4% |
| 2017 | 0.42x | GBX14.80 Billion | GBX35.65 Billion | GBX20.84 Billion | ▲ +670.4% |
| 2016 | -0.07x | GBX-1.50 Billion | GBX20.61 Billion | GBX22.12 Billion | ▼ -159.0% |
| 2015 | 0.12x | GBX3.68 Billion | GBX29.81 Billion | GBX26.13 Billion | ▼ -57.9% |
| 2014 | 0.29x | GBX13.19 Billion | GBX45.04 Billion | GBX31.85 Billion | ▲ +3914.2% |
| 2013 | 0.01x | GBX295.00 Million | GBX40.44 Billion | GBX40.15 Billion | ▼ -97.5% |
| 2012 | 0.29x | GBX13.56 Billion | GBX46.14 Billion | GBX32.58 Billion | ▲ +3.2% |
| 2011 | 0.28x | GBX10.47 Billion | GBX36.77 Billion | GBX26.30 Billion | ▲ +1799.4% |
| 2010 | 0.01x | GBX410.00 Million | GBX27.35 Billion | GBX26.94 Billion | ▲ +106.4% |
| 2009 | -0.23x | GBX-5.03 Billion | GBX21.49 Billion | GBX26.52 Billion | ▼ -303.9% |
| 2008 | -0.06x | GBX-1.92 Billion | GBX33.15 Billion | GBX35.06 Billion | ▼ -122.0% |
| 2007 | 0.26x | GBX8.81 Billion | GBX33.38 Billion | GBX24.58 Billion | ▲ +5.4% |
| 2006 | 0.25x | GBX7.66 Billion | GBX30.58 Billion | GBX22.92 Billion | ▼ -43.9% |
| 2005 | 0.45x | GBX12.84 Billion | GBX28.74 Billion | GBX15.90 Billion | ▲ +21.0% |
| 2004 | 0.37x | GBX7.93 Billion | GBX21.50 Billion | GBX13.57 Billion | ▼ -15.4% |
| 2003 | 0.44x | GBX9.47 Billion | GBX21.72 Billion | GBX12.25 Billion | ▲ +69.8% |
| 2002 | 0.26x | GBX4.18 Billion | GBX16.28 Billion | GBX12.10 Billion | ▼ -40.5% |
| 2001 | 0.43x | GBX7.31 Billion | GBX16.93 Billion | GBX9.63 Billion | ▼ -34.8% |
| 2000 | 0.66x | GBX12.15 Billion | GBX18.36 Billion | GBX6.21 Billion | ▲ +100.5% |
| 1999 | 0.33x | GBX3.65 Billion | GBX11.06 Billion | GBX7.41 Billion | ▲ +160.0% |
| 1998 | 0.13x | GBX1.87 Billion | GBX14.73 Billion | GBX12.86 Billion | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).