Welcome to our dedicated page for SHELL PLC SEC filings (Ticker: SHEL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Shell plc filings document the U.S. reporting record of a foreign issuer whose American depositary shares each represent two ordinary shares. Form 6-K reports furnish dividend announcements, share buyback disclosures, AGM notices, director and PDMR shareholding notifications, and operating updates for Integrated Gas, Upstream, Marketing, and Chemicals and Products.
The filings also connect Shell’s current reports to registration statements for Shell plc, Shell Finance US Inc., and Shell International Finance B.V., reflecting equity plan and shelf-registration disclosure. A Form 25 records the removal from NYSE listing and Section 12(b) registration of 2.875% Guaranteed Notes due 2026 for which Shell plc is guarantor.
Shell plc reported 2025 results that combine strong cash generation, heavy shareholder returns and faster progress on climate targets, despite a weaker price environment. Income attributable to shareholders was $17.8 billion, while Adjusted Earnings were $18.5 billion, down from $23.7 billion in 2024 as liquids and LNG prices, trading and Chemicals margins softened.
Cash flow from operating activities was $42.9 billion and free cash flow was $26.1 billion. Shell returned 52% of cash flow from operations to investors, with total shareholder distributions of $22.4 billion, including $13.9 billion of share buybacks and $8.5 billion of dividends, while keeping cash capital expenditure at $20.9 billion.
The company delivered structural cost reductions of $5.1 billion versus 2022, already meeting the lower end of its $5–7 billion savings target by 2028. Net debt rose to $45.7 billion, lifting gearing to 20.7%. Operationally, oil and gas production available for sale averaged 2,800 thousand boe per day and LNG sales grew, supported by projects such as LNG Canada and deep-water developments in Brazil and the Gulf of America.
On climate, Shell reports it has achieved around 70% of its target to halve Scope 1 and 2 emissions by 2030 versus 2016, with 2025 operational emissions at 53 million tonnes CO2e. Net carbon intensity of energy products sold is 71 gCO2e/MJ, about 9% below 2016, and customer emissions from use of oil products have fallen 18% versus 2021 as the company pursues its goal of delivering “more value with less emissions.”
Shell plc reported 2025 results that combine strong cash generation, heavy shareholder returns and faster progress on climate targets, despite a weaker price environment. Income attributable to shareholders was $17.8 billion, while Adjusted Earnings were $18.5 billion, down from $23.7 billion in 2024 as liquids and LNG prices, trading and Chemicals margins softened.
Cash flow from operating activities was $42.9 billion and free cash flow was $26.1 billion. Shell returned 52% of cash flow from operations to investors, with total shareholder distributions of $22.4 billion, including $13.9 billion of share buybacks and $8.5 billion of dividends, while keeping cash capital expenditure at $20.9 billion.
The company delivered structural cost reductions of $5.1 billion versus 2022, already meeting the lower end of its $5–7 billion savings target by 2028. Net debt rose to $45.7 billion, lifting gearing to 20.7%. Operationally, oil and gas production available for sale averaged 2,800 thousand boe per day and LNG sales grew, supported by projects such as LNG Canada and deep-water developments in Brazil and the Gulf of America.
On climate, Shell reports it has achieved around 70% of its target to halve Scope 1 and 2 emissions by 2030 versus 2016, with 2025 operational emissions at 53 million tonnes CO2e. Net carbon intensity of energy products sold is 71 gCO2e/MJ, about 9% below 2016, and customer emissions from use of oil products have fallen 18% versus 2021 as the company pursues its goal of delivering “more value with less emissions.”
Shell plc reported 2025 results that combine strong cash generation, heavy shareholder returns and faster progress on climate targets, despite a weaker price environment. Income attributable to shareholders was $17.8 billion, while Adjusted Earnings were $18.5 billion, down from $23.7 billion in 2024 as liquids and LNG prices, trading and Chemicals margins softened.
Cash flow from operating activities was $42.9 billion and free cash flow was $26.1 billion. Shell returned 52% of cash flow from operations to investors, with total shareholder distributions of $22.4 billion, including $13.9 billion of share buybacks and $8.5 billion of dividends, while keeping cash capital expenditure at $20.9 billion.
The company delivered structural cost reductions of $5.1 billion versus 2022, already meeting the lower end of its $5–7 billion savings target by 2028. Net debt rose to $45.7 billion, lifting gearing to 20.7%. Operationally, oil and gas production available for sale averaged 2,800 thousand boe per day and LNG sales grew, supported by projects such as LNG Canada and deep-water developments in Brazil and the Gulf of America.
On climate, Shell reports it has achieved around 70% of its target to halve Scope 1 and 2 emissions by 2030 versus 2016, with 2025 operational emissions at 53 million tonnes CO2e. Net carbon intensity of energy products sold is 71 gCO2e/MJ, about 9% below 2016, and customer emissions from use of oil products have fallen 18% versus 2021 as the company pursues its goal of delivering “more value with less emissions.”
Shell plc uses this report to detail daily share repurchases carried out in February 2026 under its previously announced on- and off-market buy-back programme. On multiple trading days from 5 to 27 February 2026, the company bought ordinary shares for cancellation across several European venues.
Purchases were executed on the LSE, Chi-X (CXE), BATS (BXE), Euronext Amsterdam (XAMS), CBOE DXE and TQEX, with prices generally ranging from about GBP 27–30 per share in London and EUR 32–35 per share in Amsterdam and related platforms. Morgan Stanley & Co. International plc is mandated to make trading decisions independently for this programme between 5 February and 1 May 2026.
The company states that the buy-backs are conducted under its general authorities to repurchase shares on- and off-market and are structured to comply with UK Listing Rules, EU and UK versions of the Market Abuse Regulation, and the associated delegated regulations governing issuer buy-back activity.
Shell plc reports that several senior executives have received part of their annual bonuses in company shares. A portion of each bonus is paid in cash and a portion in shares, which are subject to a three-year holding period that continues even after employment ends.
Recipients include the Chief Executive Officer Wael Sawan, who acquired 23,980 SHEL shares at GBP 30.11, and Chief Financial Officer Sinead Gorman, who acquired 15,841 shares at the same price. Other business leaders across upstream, trading, integrated gas, downstream, renewables, and projects also received ordinary shares of €0.07 each, delivered outside a trading venue as bonus share awards.
Shell plc reports that several senior executives have received part of their annual bonuses in company shares. A portion of each bonus is paid in cash and a portion in shares, which are subject to a three-year holding period that continues even after employment ends.
Recipients include the Chief Executive Officer Wael Sawan, who acquired 23,980 SHEL shares at GBP 30.11, and Chief Financial Officer Sinead Gorman, who acquired 15,841 shares at the same price. Other business leaders across upstream, trading, integrated gas, downstream, renewables, and projects also received ordinary shares of €0.07 each, delivered outside a trading venue as bonus share awards.
Shell plc reports that several senior executives have received part of their annual bonuses in company shares. A portion of each bonus is paid in cash and a portion in shares, which are subject to a three-year holding period that continues even after employment ends.
Recipients include the Chief Executive Officer Wael Sawan, who acquired 23,980 SHEL shares at GBP 30.11, and Chief Financial Officer Sinead Gorman, who acquired 15,841 shares at the same price. Other business leaders across upstream, trading, integrated gas, downstream, renewables, and projects also received ordinary shares of €0.07 each, delivered outside a trading venue as bonus share awards.
Shell plc reports that several senior executives received conditional awards of performance shares under the Shell Share Plan 2023 on 6 February 2026. These are share-based incentive grants, not market purchases or sales.
Chief Executive Officer Wael Sawan received a conditional award of 165,975 ordinary shares at a reference price of 27.745 per share, with a total value of 4,604,976.38 in GBP terms. Chief Financial Officer Sinead Gorman was awarded 98,677 shares at the same reference price, totalling 2,737,793.37. Other PDMRs, including leaders of Projects & Technology, Upstream, Integrated Gas, Downstream, Trading and Supply, and HR, received conditional awards ranging from 35,338 to 52,443 shares each, some referenced in EUR at 32.09 per share.
Shell plc announced a fourth quarter 2025 interim dividend of US$ 0.372 per ordinary share, with a corresponding US$ 0.744 per ADS since each ADS represents two ordinary shares. Shareholders can receive the dividend in US dollars, euros or pounds sterling, with currency elections closing at 11:00am GMT on March 6, 2026. The ex-dividend dates are February 19, 2026 for ordinary shares and February 20, 2026 for ADSs, the record date is February 20, 2026, and payment is scheduled for March 30, 2026.
Shell plc announced a fourth quarter 2025 interim dividend of US$ 0.372 per ordinary share, with a corresponding US$ 0.744 per ADS since each ADS represents two ordinary shares. Shareholders can receive the dividend in US dollars, euros or pounds sterling, with currency elections closing at 11:00am GMT on March 6, 2026. The ex-dividend dates are February 19, 2026 for ordinary shares and February 20, 2026 for ADSs, the record date is February 20, 2026, and payment is scheduled for March 30, 2026.
Shell plc announced a fourth quarter 2025 interim dividend of US$ 0.372 per ordinary share, with a corresponding US$ 0.744 per ADS since each ADS represents two ordinary shares. Shareholders can receive the dividend in US dollars, euros or pounds sterling, with currency elections closing at 11:00am GMT on March 6, 2026. The ex-dividend dates are February 19, 2026 for ordinary shares and February 20, 2026 for ADSs, the record date is February 20, 2026, and payment is scheduled for March 30, 2026.
Shell plc announced a fourth quarter 2025 interim dividend of US$ 0.372 per ordinary share, with a corresponding US$ 0.744 per ADS since each ADS represents two ordinary shares. Shareholders can receive the dividend in US dollars, euros or pounds sterling, with currency elections closing at 11:00am GMT on March 6, 2026. The ex-dividend dates are February 19, 2026 for ordinary shares and February 20, 2026 for ADSs, the record date is February 20, 2026, and payment is scheduled for March 30, 2026.
Shell plc announced a fourth quarter 2025 interim dividend of US$ 0.372 per ordinary share, with a corresponding US$ 0.744 per ADS since each ADS represents two ordinary shares. Shareholders can receive the dividend in US dollars, euros or pounds sterling, with currency elections closing at 11:00am GMT on March 6, 2026. The ex-dividend dates are February 19, 2026 for ordinary shares and February 20, 2026 for ADSs, the record date is February 20, 2026, and payment is scheduled for March 30, 2026.
Shell plc uses this Form 6-K to report daily repurchases of its own shares for cancellation during January 2026. On multiple trading days from 02 January to 30 January 2026, the company bought shares on the London Stock Exchange in GBP and on Euronext Amsterdam in EUR.
Each block of transactions forms part of the on- and off‑market limbs of Shell’s existing share buy-back programme first announced on 30 October 2025. Merrill Lynch International is mandated to make trading decisions independently of Shell between 30 October 2025 and 30 January 2026, with all activity carried out under preset parameters and in line with UK and EU market abuse and listing rules.
Shell plc provides an outlook for its fourth quarter 2025 performance across all segments. Integrated Gas production is expected between 930 and 970 kboe/d with LNG liquefaction volumes of 7.5 to 7.9 MT, and trading and optimisation is expected to be in line with Q3 2025. Upstream production is guided to 1,840 to 1,940 kboe/d, including the impact of the incorporated Adura joint venture.
Marketing sales volumes are expected to be seasonally lower at 2,650 to 2,750 kb/d and Marketing adjusted earnings are expected to be below Q4 2024 due to a non-cash deferred tax adjustment in a joint venture. In Chemicals and Products, indicative refining margins improve to $14/bbl while indicative chemicals margins ease to $140/tonne, and segment adjusted earnings are expected to be below break-even with a significant loss in the Chemicals sub-segment from a non-cash deferred tax adjustment.
Group cash flow from operations excluding working capital is expected to include an approximately $1.5 billion outflow tied to timing of German BEHG emissions certificate payments, while working capital will reflect a typical approximately $1.2 billion German Mineral Oil Tax payment. Renewables and Energy Solutions adjusted earnings are guided in a range from a loss of $0.2 billion to a profit of $0.2 billion, and Corporate adjusted earnings are expected between a loss of $0.6 billion and $0.4 billion. Final Q4 2025 results are scheduled for publication on February 5, 2026.
Shell plc provides an outlook for its fourth quarter 2025 performance across all segments. Integrated Gas production is expected between 930 and 970 kboe/d with LNG liquefaction volumes of 7.5 to 7.9 MT, and trading and optimisation is expected to be in line with Q3 2025. Upstream production is guided to 1,840 to 1,940 kboe/d, including the impact of the incorporated Adura joint venture.
Marketing sales volumes are expected to be seasonally lower at 2,650 to 2,750 kb/d and Marketing adjusted earnings are expected to be below Q4 2024 due to a non-cash deferred tax adjustment in a joint venture. In Chemicals and Products, indicative refining margins improve to $14/bbl while indicative chemicals margins ease to $140/tonne, and segment adjusted earnings are expected to be below break-even with a significant loss in the Chemicals sub-segment from a non-cash deferred tax adjustment.
Group cash flow from operations excluding working capital is expected to include an approximately $1.5 billion outflow tied to timing of German BEHG emissions certificate payments, while working capital will reflect a typical approximately $1.2 billion German Mineral Oil Tax payment. Renewables and Energy Solutions adjusted earnings are guided in a range from a loss of $0.2 billion to a profit of $0.2 billion, and Corporate adjusted earnings are expected between a loss of $0.6 billion and $0.4 billion. Final Q4 2025 results are scheduled for publication on February 5, 2026.
Shell plc reports a series of share repurchases for cancellation carried out on multiple trading days between 1 and 31 December 2025. On each day, the company bought back ordinary shares across venues including the London Stock Exchange in GBP and Euronext Amsterdam (XAMS) in EUR, at volume-weighted average prices typically around the high-20s in GBP and low-30s in EUR. For example, on 16 December 2025 Shell repurchased 1,200,077 shares on the LSE at a volume-weighted average price of 26.3093 GBP and 1,193,642 shares on XAMS at 30.0803 EUR.
All these purchases form part of Shell’s existing on- and off‑market share buy-back programme that was previously announced on 30 October 2025. Merrill Lynch International is making trading decisions independently of Shell for this programme from 30 October 2025 up to and including 30 January 2026. The buy-backs are being conducted under the company’s shareholder authorities and in accordance with Chapter 9 of the UK Listing Rules and the EU and UK versions of the Market Abuse Regulation governing buy-back programmes.
Shell plc reports that several senior executives received additional shares through dividend reinvestment following the interim dividend paid on December 18, 2025 for the third quarter of 2025. On December 22, 2025, Persons Discharging Managerial Responsibilities acquired dividend shares tied to stock previously delivered under annual bonus plans or vested employee share plans and held in a Share Plan Account. Chief Executive Officer Wael Sawan acquired 3,054.9554 ordinary shares listed in Amsterdam at EUR 31.0198 and 656.18285 shares listed in London at GBP 27.05954. Chief Financial Officer Sinead Gorman acquired 2,145.9574 London-listed shares at GBP 27.05954, while other business leaders, including the heads of Upstream, Integrated Gas, Downstream, Projects and Technology, Trading and Supply, Legal, and Human Resources, also received smaller dividend share allocations across Amsterdam, London, and New York.
Shell plc reports upcoming changes to its Board and key committees. Non-Executive Directors Catherine Hughes, Chair of the Sustainability Committee, and Neil Carson will not stand for re-election at the 2026 Annual General Meeting after around nine and seven years of service respectively.
Shell has appointed Holly Koeppel and Clare Scherrer as Non-Executive Directors, effective January 1, 2026. Holly will join the Audit and Risk Committee and the Sustainability Committee, while Clare will join the Audit and Risk Committee and the Remuneration Committee. After the 2026 AGM, Sir Andrew Mackenzie will chair the Sustainability Committee, and the memberships of the Audit and Risk, Nomination and Succession, Remuneration and Sustainability Committees will be updated to reflect these changes. Each appointment is subject to shareholder reappointment at the 2026 AGM.
Shell plc reports upcoming changes to its Board and key committees. Non-Executive Directors Catherine Hughes, Chair of the Sustainability Committee, and Neil Carson will not stand for re-election at the 2026 Annual General Meeting after around nine and seven years of service respectively.
Shell has appointed Holly Koeppel and Clare Scherrer as Non-Executive Directors, effective January 1, 2026. Holly will join the Audit and Risk Committee and the Sustainability Committee, while Clare will join the Audit and Risk Committee and the Remuneration Committee. After the 2026 AGM, Sir Andrew Mackenzie will chair the Sustainability Committee, and the memberships of the Audit and Risk, Nomination and Succession, Remuneration and Sustainability Committees will be updated to reflect these changes. Each appointment is subject to shareholder reappointment at the 2026 AGM.