Shell plc (SHEL) - Net Assets

Latest as of December 2025: GBX175.38 Billion GBX ≈ $21.34 Million USD

Based on the latest financial reports, Shell plc (SHEL) has net assets worth GBX175.38 Billion GBX (≈ $21.34 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX370.49 Billion ≈ $45.08 Million USD) and total liabilities (GBX195.10 Billion ≈ $23.74 Million 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 Shell plc liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX175.38 Billion
% of Total Assets 47.34%
Annual Growth Rate 4.21%
5-Year Change 0.03%
10-Year Change -6.96%
Growth Volatility 7.97

Shell plc - Net Assets Trend (1998–2025)

This chart illustrates how Shell plc's net assets have evolved over time, based on quarterly financial data. Also explore Shell plc total assets for the complete picture of this company's asset base.

Annual Net Assets for Shell plc (1998–2025)

The table below shows the annual net assets of Shell plc from 1998 to 2025. For live valuation and market cap data, see Shell plc market cap and net worth.

Year Net Assets Change
2025-12-31 GBX175.38 Billion
≈ $21.34 Million		 -2.66%
2024-12-31 GBX180.17 Billion
≈ $21.92 Million		 -4.35%
2023-12-31 GBX188.36 Billion
≈ $22.92 Million		 -2.20%
2022-12-31 GBX192.60 Billion
≈ $23.43 Million		 +9.85%
2021-12-31 GBX175.33 Billion
≈ $21.33 Million		 +10.59%
2020-12-31 GBX158.54 Billion
≈ $19.29 Million		 -16.76%
2019-12-31 GBX190.46 Billion
≈ $23.17 Million		 -5.96%
2018-12-31 GBX202.53 Billion
≈ $24.64 Million		 +2.39%
2017-12-31 GBX197.81 Billion
≈ $24.07 Million		 +4.93%
2016-12-31 GBX188.51 Billion
≈ $22.94 Million		 +14.86%
2015-12-31 GBX164.12 Billion
≈ $19.97 Million		 -5.01%
2014-12-31 GBX172.79 Billion
≈ $21.02 Million		 -4.62%
2013-12-31 GBX181.15 Billion
≈ $22.04 Million		 +2.82%
2012-12-31 GBX176.18 Billion
≈ $21.44 Million		 +3.03%
2011-12-31 GBX171.00 Billion
≈ $20.81 Million		 +14.17%
2010-12-31 GBX149.78 Billion
≈ $18.22 Million		 +8.43%
2009-12-31 GBX138.13 Billion
≈ $16.81 Million		 +7.19%
2008-12-31 GBX128.87 Billion
≈ $15.68 Million		 +2.30%
2007-12-31 GBX125.97 Billion
≈ $15.33 Million		 +9.59%
2006-12-31 GBX114.94 Billion
≈ $13.99 Million		 +17.38%
2005-12-31 GBX97.92 Billion
≈ $11.91 Million		 +7.16%
2004-12-31 GBX91.38 Billion
≈ $11.12 Million		 +14.65%
2003-12-31 GBX79.70 Billion
≈ $9.70 Million		 +17.89%
2002-12-31 GBX67.61 Billion
≈ $8.23 Million		 +7.12%
2001-12-31 GBX63.11 Billion
≈ $7.68 Million		 +5.25%
2000-12-31 GBX59.97 Billion
≈ $7.30 Million		 +1.62%
1999-12-31 GBX59.01 Billion
≈ $7.18 Million		 +2.34%
1998-12-31 GBX57.66 Billion
≈ $7.02 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Shell plc'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 19089551800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings GBX190.90 Billion 109.42%
Common Stock GBX477.17 Million 0.27%
Other Comprehensive Income GBX-16.22 Billion -9.30%
Total Equity GBX174.46 Billion 100.00%

Shell plc Competitors by Market Cap

The table below lists competitors of Shell plc ranked by their market capitalization.

Company Market Cap
Zai Lab Ltd
NASDAQ:ZLAB
 $2.24 Billion
Polibeli Group Ltd Class A Ordinary Shares
NASDAQ:PLBL
 $2.25 Billion
BW LPG Limited
F:BW9
 $2.25 Billion
Wuhan PS Information Tech
SHE:300184
 $2.25 Billion
Comet Holding AG
SW:COTN
 $2.24 Billion
EMEIS SA
PA:EMEIS
 $2.24 Billion
Chengzhi Shareholding Co Ltd
SHE:000990
 $2.24 Billion
Suzhou K-Hiragawa Electronic Technology Co. Ltd. A
SHG:603052
 $2.24 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shell plc'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 174,455,531,000, a change of -3,851,469,000 (-2.2%).
  • Net income of 18,212,247,000 contributed positively to equity growth.
  • Dividend payments of 8,648,724,000 reduced retained earnings.
  • Share repurchases of 15,497,460,000 reduced equity.
  • Other comprehensive income decreased equity by 35,032,908,000.
  • Other factors increased equity by 38,415,376,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX18.21 Billion +10.44%
Dividends Paid GBX8.65 Billion -4.96%
Share Repurchases GBX15.50 Billion -8.88%
Other Comprehensive Income GBX-35.03 Billion -20.08%
Other Changes GBX38.42 Billion +22.02%
Total Change GBX- -2.16%

Book Value vs Market Value Analysis

This analysis compares Shell plc'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: 112.18x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 351.47x to 112.18x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 GBX9.36 GBX3290.00 x
1999-12-31 GBX9.57 GBX3290.00 x
2000-12-31 GBX9.72 GBX3290.00 x
2001-12-31 GBX10.16 GBX3290.00 x
2002-12-31 GBX9.53 GBX3290.00 x
2003-12-31 GBX11.35 GBX3290.00 x
2004-12-31 GBX14.61 GBX3290.00 x
2005-12-31 GBX13.51 GBX3290.00 x
2006-12-31 GBX16.42 GBX3290.00 x
2007-12-31 GBX19.73 GBX3290.00 x
2008-12-31 GBX20.62 GBX3290.00 x
2009-12-31 GBX22.26 GBX3290.00 x
2010-12-31 GBX24.11 GBX3290.00 x
2011-12-31 GBX27.25 GBX3290.00 x
2012-12-31 GBX27.88 GBX3290.00 x
2013-12-31 GBX28.61 GBX3290.00 x
2014-12-31 GBX136.23 GBX3290.00 x
2015-12-31 GBX127.37 GBX3290.00 x
2016-12-31 GBX118.25 GBX3290.00 x
2017-12-31 GBX117.10 GBX3290.00 x
2018-12-31 GBX118.97 GBX3290.00 x
2019-12-31 GBX114.93 GBX3290.00 x
2020-12-31 GBX99.61 GBX3290.00 x
2021-12-31 GBX110.30 GBX3290.00 x
2022-12-31 GBX25.70 GBX3290.00 x
2023-12-31 GBX27.44 GBX3290.00 x
2024-12-31 GBX28.02 GBX3290.00 x
2025-12-31 GBX29.33 GBX3290.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shell plc 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): 10.44%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.68%
  • • Asset Turnover: 0.74x
  • • Equity Multiplier: 2.12x
  • Recent ROE (10.44%) is below the historical average (12.91%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 0.64% 0.37% 0.85x 2.00x GBX-5.15 Billion
1999 15.28% 8.15% 0.93x 2.03x GBX2.97 Billion
2000 22.28% 8.53% 1.22x 2.15x GBX7.01 Billion
2001 18.20% 8.03% 1.21x 1.87x GBX4.89 Billion
2002 15.18% 5.42% 1.17x 2.40x GBX3.32 Billion
2003 16.14% 6.21% 1.18x 2.20x GBX4.69 Billion
2004 21.54% 6.96% 1.42x 2.18x GBX9.93 Billion
2005 27.84% 8.25% 1.40x 2.41x GBX16.22 Billion
2006 24.06% 7.98% 1.36x 2.23x GBX14.87 Billion
2007 25.28% 8.81% 1.32x 2.17x GBX18.93 Billion
2008 20.64% 5.64% 1.65x 2.22x GBX13.55 Billion
2009 9.18% 4.39% 0.98x 2.14x GBX-1.13 Billion
2010 13.60% 5.47% 1.14x 2.18x GBX5.33 Billion
2011 18.18% 6.56% 1.36x 2.04x GBX13.87 Billion
2012 15.29% 5.72% 1.33x 2.00x GBX9.24 Billion
2013 9.09% 3.63% 1.26x 1.99x GBX-1.63 Billion
2014 8.65% 3.53% 1.19x 2.05x GBX-2.32 Billion
2015 1.19% 0.73% 0.78x 2.09x GBX-14.35 Billion
2016 2.45% 1.96% 0.57x 2.20x GBX-14.09 Billion
2017 6.68% 4.25% 0.75x 2.09x GBX-6.46 Billion
2018 11.76% 6.01% 0.97x 2.01x GBX3.49 Billion
2019 8.50% 4.59% 0.85x 2.17x GBX-2.81 Billion
2020 -13.96% -12.01% 0.48x 2.44x GBX-37.21 Billion
2021 11.69% 7.69% 0.65x 2.35x GBX2.90 Billion
2022 22.21% 11.10% 0.86x 2.33x GBX23.26 Billion
2023 10.37% 6.11% 0.78x 2.18x GBX698.30 Million
2024 9.03% 5.66% 0.73x 2.17x GBX-1.74 Billion
2025 10.44% 6.68% 0.74x 2.12x GBX766.69 Million

Industry Comparison

This section compares Shell plc's net assets metrics with peer companies in the Oil & Gas Integrated industry.

Industry Context

  • Industry: Oil & Gas Integrated
  • Average net assets among peers: $25,092,822,429
  • Average return on equity (ROE) among peers: 21.06%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shell plc (SHEL) GBX175.38 Billion 0.64% 1.11x $2.24 Billion
BP PLC (BP) $42.86 Billion 7.61% 0.97x $1.07 Billion
BP p.l.c (BP-A) $85.57 Billion -25.17% 2.13x $354.18 Million
BP p.l.c (BP-B) $45.18 Billion 9.97% 1.16x $390.70 Million
Caspian Sunrise plc (CASP) $47.12 Million -7.60% 0.81x $644.48K
Diversified Energy Company PLC (DEC) $-8.82 Million 0.00% 0.00x $11.00 Million
Nostrum Oil & Gas PLC (NOG) $28.19 Million 46.01% 4.93x $65.23K
John Wood Group PLC (WG) $1.97 Billion 116.60% 0.97x $2.47 Million

About Shell plc

LSE:SHEL UK Oil & Gas Integrated
Market Cap
$2.24 Billion
GBX18.44 Trillion GBX
Market Cap Rank
#5850 Global
#12 in UK
Share Price
GBX3290.00
Change (1 day)
-1.08%
52-Week Range
GBX2420.00 - GBX3583.00
All Time High
GBX3583.00
Categories
Companies in UK Oil & Gas Integrated
About

Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company explores for and extracts natural gas to produce liquefied natural gas or convert it into gas-to-liqu… Read more