Shell plc (LSE:SHEL) Annual Report 2021



The latest annual report of Shell plc (SHEL) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - SHEL Annual Results

Amounts in USD

Total Revenue
261.5B
Gross Profit
62.77B
EBIT
24.81B
Net Tangible Assets
147.27B
Net Income
20.1B
Capital Expenditures
-19B

SHEL Income Statement 2021 Annual Report

As per the latest Income Statement of SHEL, the Net revenue increased by $80.961B (45%) compared to the previous period. The operating income in 2021 increased by $43.036B (236%). The net income as per the annual report was 20.1B which increased by $41.781B (193%) compared to previous year.

Income Statement Report (2021/2020)

2021 2020
Total Revenue 261.5B 180.54B
Gross Profit 62.77B 39.45B
Operating Income 24.81B -18.22B
Income Before Tax 29.83B -26.97B
Net Income 20.1B -21.68B

Balance Sheet - SHEL 2021 Annual Report

Read further: SHEL Balance Sheet Detailed Analysis

The latest balance sheet from annual result of Shell plc showed the company increased the cash on balance sheet by $5.14B (16%). The Net tangible assets of SHEL on the balance sheet were at 147.27B which is $14.673B (11%) more than previous annual report. The total stockholder equity also increased by $16.656B (11%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

2021 2020
Cash 36.97B 31.83B
Total Assets 404.38B 379.27B
Long Term Debt 57.5B 66.84B
Total Liabilities 229.05B 220.73B
Total Shareholder Equity 171.97B 155.31B
Net Tangible Assets 147.27B 132.6B

Cash Flow Statement - SHEL 2021 Annual Report

The 2021 annual cash flow statement of Shell plc showed that the net income increased by $41.781B (193%) compared to previous reporting period. Also the capital expenditure of SHEL decreased by $-2.415B (-15%).

As of 2021, the total cash from investing activities was -4.76B and total cash from financing activities was -34.66B.

Cash Flow Statement Report (2021/2020)

2021 2020
Net Income 20.1B -21.68B
Capital Expenditures -19B -16.59B
Dividends Paid -6.25B -7.42B
Total Cash From From Investing Activities -4.76B -13.28B
Total Cash From From Financing Activities -34.66B -7.22B

Shell plc Annual Report History

Income Statement

Income Statement history of Shell plc (LSE:SHEL)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Total Revenue 261.5B 180.54B 344.88B 388.38B
Cost Of Revenue 198.73B 141.09B 279.42B 321.37B
Gross Profit 62.77B 39.45B 65.46B 67.01B
Research Development 815M 907M 962M 986M
Selling General Administrative 11.33B 9.88B 10.49B 11.36B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 236.69B 198.76B 321.32B 356.56B
Operating Income 24.81B -18.22B 23.55B 31.82B
Total Other Income Expense Net 5.01B -8.74B 1.93B 3.8B
Ebit 24.81B -18.22B 23.55B 31.82B
Interest Expense -3.61B -4.09B -4.69B -3.75B
Income Before Tax 29.83B -26.97B 25.48B 35.62B
Income Tax Expense 9.2B -5.43B 9.05B 11.71B
Minority Interest 3.36B 3.23B 3.99B 3.89B
Net Income From Continuing Ops 20.63B -21.53B 16.43B 23.91B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 20.1B -21.68B 15.84B 23.35B
Net Income Applicable To Common Shares 20.1B -21.68B 15.84B 23.35B

Balance Sheet Statement

Balance Sheet Statement history of Shell plc (LSE:SHEL)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 36.97B 31.83B 18.05B 26.74B
Net Receivables 44.23B 29.94B 39.13B 37.08B
Inventory 25.26B 19.46B 24.07B 21.12B
Other Current Assets 13.33B 7.04B 7.15B 7.19B
Total Current Assets 128.76B 91.95B 92.69B 97.48B
Long Term Investments 27.21B 25.67B 25.8B 28.4B
Property Plant Equipment 194.93B 209.7B 238.35B 223.18B
Good Will 14.92B 14.04B 14.21B 13.72B
Intangible Assets 9.77B 8.67B 9.28B 9.87B
Other Assets 28.78B 29.23B 24.02B 26.55B
Deferred Long Term Asset Charges 12.43B 16.31B 10.52B 12.1B
Total Assets 404.38B 379.27B 404.34B 399.19B
Accounts Payable 34.14B 22.66B 29.5B 30.35B
Short Long Term Debt 3.56B 5.22B 6.15B 8.42B
Other Current Liab 38.23B 22.19B 21.12B 23.02B
Long Term Debt 57.5B 66.84B 55.78B 53.69B
Other Liab 52.64B 55.91B 52.89B 52.16B
Minority Interest 3.36B 3.23B 3.99B 3.89B
Total Current Liabilities 95.55B 73.71B 79.62B 77.81B
Total Liab 229.05B 220.73B 213.87B 196.66B
Common Stock 641M 651M 657M 685M
Retained Earnings 153.03B 142.62B 172.43B 182.61B
Treasury Stock 18.14B 11.89B 13.23B 15.2B
Capital Surplus 154M 154M 154M 154M
Other Stockholder Equity 18.14B 11.89B 13.23B 15.2B
Total Stockholder Equity 171.97B 155.31B 186.48B 198.65B
Net Tangible Assets 147.27B 132.6B 162.99B 175.06B

Cash Flow Statement

Cash Flow Statement history of Shell plc (LSE:SHEL)

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Net Income 20.1B -21.68B 15.84B 23.35B
Depreciation 25.03B 45.95B 29.45B 21.5B
Change To Netincome 10.34B 5.23B 1.66B 4.79B
Change To Account Receivables -20.57B 9.62B -921M 1.96B
Change To Liabilities 17.52B -9.49B -1.22B -1.34B
Change To Inventory -7.32B 4.48B -2.63B 2.82B
Total Cash From Operating Activities 45.1B 34.1B 42.18B 53.09B
Capital Expenditures -19B -16.59B -22.97B -23.01B
Investments 183M 279M 2.12B 5.03B
Other Cashflows From Investing Activities -177M 539M 269M -46M
Total Cashflows From Investing Activities -4.76B -13.28B -15.78B -13.66B
Dividends Paid -6.25B -7.42B -15.2B -15.68B
Net Borrowings -19.73B 5.58B -3.42B -8.33B
Other Cashflows From Financing Activities -5.51B -3.3B -5.23B -3.48B
Total Cash From Financing Activities -34.66B -7.22B -35.21B -32.55B
Effect Of Exchange Rate -539M 172M 124M -449M
Change In Cash 5.14B 13.78B -8.69B 6.43B
Repurchase Of Stock -3.17B -2.08B -11.36B -5.06B