Shell plc (SHEL) — Free Cash Flow Generation Index
Latest as of March 2026:
0.30x
Shell plc (SHEL) has a Free Cash Flow Generation Index of 0.30x as of March 2026. Free cash flow of GBX1.60 Billion represents 0% of operating cash flow (GBX5.27 Billion). Read Shell plc total liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
0.30x
Free Cash Flow / Operating CF
Free Cash Flow
GBX1.60 Billion
GBX
Operating Cash Flow
GBX5.27 Billion
GBX
Capital Expenditures
GBX3.68 Billion
GBX
Shell plc Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Shell plc across 28 annual periods. Explore reinvestment intensity of Shell plc to see what proportion of operating cash flow is directed to capital expenditures.
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 market value of Shell plc.
| 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).