Shell plc (SHEL) — Free Cash Flow Generation Index
Latest as of June 2026:
0.81x
Shell plc (SHEL) has a Free Cash Flow Generation Index of 0.81x as of June 2026. Free cash flow of GBX17.40 Billion represents 1% of operating cash flow (GBX21.43 Billion). Explore Shell plc (SHEL) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
0.81x
Free Cash Flow / Operating CF
Free Cash Flow
GBX17.40 Billion
GBX
Operating Cash Flow
GBX21.43 Billion
GBX
Capital Expenditures
GBX4.03 Billion
GBX
Shell plc Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Shell plc across 28 annual periods. For the full cash flow conversion analysis, see Shell plc cash flow conversion.
Annual Free Cash Flow Generation for Shell plc (1998–2025)
Year-by-year Free Cash Flow Generation Index for Shell plc. Check SHEL total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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).