SHELL PLC WI ADR/2 (L3H) - Net Assets
Based on the latest financial reports, SHELL PLC WI ADR/2 (L3H) has net assets worth €175.32 Billion EUR (≈ $204.97 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€370.35 Billion ≈ $432.98 Billion USD) and total liabilities (€195.03 Billion ≈ $228.01 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check L3H tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €175.32 Billion |
| % of Total Assets | 47.34% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.66 |
SHELL PLC WI ADR/2 - Net Assets Trend (2021–2025)
This chart illustrates how SHELL PLC WI ADR/2's net assets have evolved over time, based on quarterly financial data. See L3H defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SHELL PLC WI ADR/2 (2021–2025)
The table below shows the annual net assets of SHELL PLC WI ADR/2 from 2021 to 2025. For live valuation and market cap data, see L3H company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €175.32 Billion ≈ $204.97 Billion |
-2.69% |
| 2024-12-31 | €180.17 Billion ≈ $210.64 Billion |
-4.35% |
| 2023-12-31 | €188.36 Billion ≈ $220.21 Billion |
-2.20% |
| 2022-12-31 | €192.60 Billion ≈ $225.17 Billion |
+9.85% |
| 2021-12-31 | €175.32 Billion ≈ $204.97 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to SHELL PLC WI ADR/2's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 0.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €153.53 Billion | 88.04% |
| Other Components | €20.86 Billion | 11.96% |
| Total Equity | €174.39 Billion | 100.00% |
SHELL PLC WI ADR/2 Competitors by Market Cap
The table below lists competitors of SHELL PLC WI ADR/2 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verizon Communications Inc
NYSE:VZ
|
$191.16 Billion |
|
Commonwealth Bank of Australia
AU:CBA
|
$191.53 Billion |
|
T-Mobile US Inc
NASDAQ:TMUS
|
$193.10 Billion |
|
Reliance Industries Limited
NSE:RELIANCE
|
$194.47 Billion |
|
LOréal S.A.
PA:OR
|
$188.75 Billion |
|
Amgen Inc
NASDAQ:AMGN
|
$187.49 Billion |
|
Seagate Technology PLC
NASDAQ:STX
|
$187.01 Billion |
|
Siemens Aktiengesellschaft
XETRA:SIE
|
$184.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SHELL PLC WI ADR/2's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 178,307,000,000 to 174,392,000,000, a change of -3,915,000,000 (-2.2%).
- Net income of 17,837,000,000 contributed positively to equity growth.
- Dividend payments of 8,472,000,000 reduced retained earnings.
- Share repurchases of 13,879,000,000 reduced equity.
- Other factors increased equity by 1,899,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €17.84 Billion | +10.23% |
| Dividends Paid | €8.47 Billion | -4.86% |
| Share Repurchases | €13.88 Billion | -7.96% |
| Other Changes | €1.90 Billion | +1.09% |
| Total Change | €- | -2.20% |
Book Value vs Market Value Analysis
This analysis compares SHELL PLC WI ADR/2's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.51x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.44x to 2.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €22.38 | €77.00 | x |
| 2022-12-31 | €27.20 | €77.00 | x |
| 2023-12-31 | €28.60 | €77.00 | x |
| 2024-12-31 | €29.31 | €77.00 | x |
| 2025-12-31 | €30.66 | €77.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SHELL PLC WI ADR/2 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.68%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.12x
- Recent ROE (10.23%) is below the historical average (12.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 11.69% | 7.69% | 0.65x | 2.35x | €2.90 Billion |
| 2022 | 22.21% | 11.10% | 0.86x | 2.33x | €23.26 Billion |
| 2023 | 10.37% | 6.11% | 0.78x | 2.18x | €698.30 Million |
| 2024 | 9.03% | 5.66% | 0.73x | 2.17x | €-1.74 Billion |
| 2025 | 10.23% | 6.68% | 0.72x | 2.12x | €397.80 Million |
Industry Comparison
This section compares SHELL PLC WI ADR/2's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $5,964,639,259,143
- Average return on equity (ROE) among peers: 3.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SHELL PLC WI ADR/2 (L3H) | €175.32 Billion | 11.69% | 1.11x | $190.34 Billion |
| BP PLC (BPE) | $78.32 Billion | 0.49% | 2.60x | $45.35K |
| China Petroleum & Chemical Corporation (CHU) | $788.16 Billion | 4.13% | 0.84x | $12.92 Billion |
| Equinor ASA (DNQA) | $33.89 Billion | -16.26% | 2.60x | $77.48 Billion |
| Ecopetrol S.A (ECHA) | $48.22 Trillion | 14.89% | 1.44x | $26.40 Billion |
| Eni S.p.A (ENI1) | $51.07 Billion | 8.08% | 1.32x | $68.82 Billion |
| PTT Public Company Limited (NVA3) | $1.47 Trillion | 7.36% | 1.09x | $26.62 Billion |
| OMV AG ADR 1 (OMVI) | $22.57 Billion | 4.77% | 1.05x | $18.00 Billion |
| PetroChina Company Limited (PC6) | $1.37 Trillion | 1.39% | 0.82x | $26.34 Billion |
| PTT Public Company Limited (PTOG) | $1.65 Trillion | 5.46% | 0.98x | $10.31K |
About SHELL PLC WI ADR/2
Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and other Americas. It operates through Integrated Gas; Upstream; Marketing; Chemicals and Products; and Renewables and Energy Solutions segments. The company explores for and extracts natural gas to produce liquefied natural gas or convert into gas-to-liquids products; explores for and ext… Read more