Shell plc (LSE:SHEL) Annual Report 2022

The latest annual report of Shell plc (SHEL) was published on 31 Dec 2022. 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
Gross Profit
Net Tangible Assets
Net Income
Capital Expenditures

SHEL Income Statement 2022 Annual Report

As per the latest Income Statement of SHEL, the Net revenue increased by $119.81B (46%) compared to the previous period. The operating income in 2022 increased by $39.589B (160%). The net income as per the annual report was 42.31B which increased by $22.208B (110%) compared to previous year.

Income Statement Report (2022/2021)

2022 2021
Total Revenue 381.31B 261.5B
Gross Profit 97.31B 62.77B
Operating Income 64.4B 24.81B
Income Before Tax 64.81B 29.83B
Net Income 42.31B 20.1B

Balance Sheet - SHEL 2022 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 $3.276B (9%). The Net tangible assets of SHEL on the balance sheet were at 164.77B which is $17.498B (12%) more than previous annual report. The total stockholder equity also increased by $18.506B (11%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

2022 2021
Cash 40.25B 36.97B
Total Assets 443.02B 404.38B
Long Term Debt 51.53B 57.5B
Total Liabilities 250.43B 229.05B
Total Shareholder Equity 190.47B 171.97B
Net Tangible Assets 164.77B 147.27B

Cash Flow Statement - SHEL 2022 Annual Report

The 2022 annual cash flow statement of Shell plc showed that the net income increased by $22.208B (110%) compared to previous reporting period. Also the capital expenditure of SHEL decreased by $-3.6B (-19%).

As of 2022, the total cash from investing activities was -22.45B and total cash from financing activities was -41.95B.

Cash Flow Statement Report (2022/2021)

2022 2021
Net Income 42.31B 20.1B
Capital Expenditures -22.6B -19B
Dividends Paid -7.41B -6.25B
Total Cash From From Investing Activities -22.45B -4.76B
Total Cash From From Financing Activities -41.95B -34.66B

Shell plc Annual Report History

Income Statement

Income Statement history of Shell plc (LSE:SHEL)

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Total Revenue 381.31B 261.5B 180.54B 344.88B
Cost Of Revenue 284.01B 198.73B 141.09B 279.42B
Gross Profit 97.31B 62.77B 39.45B 65.46B
Research Development 1.07B 815M 907M 962M
Selling General Administrative 12.88B 11.33B 9.88B 10.49B
Non Recurring - - - -
Other Operating Expenses - - - -
Total Operating Expenses 316.91B 236.69B 198.76B 321.32B
Operating Income 64.4B 24.81B -18.22B 23.55B
Total Other Income Expense Net 412M 5.01B -8.74B 1.93B
Ebit 64.4B 24.81B -18.22B 23.55B
Interest Expense -3.18B -3.61B -4.09B -4.69B
Income Before Tax 64.81B 29.83B -26.97B 25.48B
Income Tax Expense 21.94B 9.2B -5.43B 9.05B
Minority Interest 2.12B 3.36B 3.23B 3.99B
Net Income From Continuing Ops 42.87B 20.63B -21.53B 16.43B
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Charges - - - -
Other Items - - - -
Net Income 42.31B 20.1B -21.68B 15.84B
Net Income Applicable To Common Shares 42.31B 20.1B -21.68B 15.84B

Balance Sheet Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Cash 40.25B 36.97B 31.83B 18.05B
Net Receivables 52B 44.23B 29.94B 39.13B
Inventory 31.89B 25.26B 19.46B 24.07B
Other Current Assets 27.29B 13.33B 7.04B 7.15B
Total Current Assets 165.94B 128.76B 91.95B 92.69B
Long Term Investments 27.23B 27.21B 25.67B 25.8B
Property Plant Equipment 198.64B 194.93B 209.7B 238.35B
Good Will 16.04B 14.92B 14.04B 14.21B
Intangible Assets 9.66B 9.77B 8.67B 9.28B
Other Assets 25.52B 28.78B 29.23B 24.02B
Deferred Long Term Asset Charges 7.82B 12.43B 16.31B 10.52B
Total Assets 443.02B 404.38B 379.27B 404.34B
Accounts Payable 42.63B 34.14B 22.66B 29.5B
Short Long Term Debt 3.59B 3.56B 5.22B 6.15B
Other Current Liab 51.13B 38.23B 22.19B 21.12B
Long Term Debt 51.53B 57.5B 66.84B 55.78B
Other Liab 54.32B 52.64B 55.91B 52.89B
Minority Interest 2.12B 3.36B 3.23B 3.99B
Total Current Liabilities 121.31B 95.55B 73.71B 79.62B
Total Liab 250.43B 229.05B 220.73B 213.87B
Common Stock 584M 641M 651M 657M
Retained Earnings 169.48B 153.03B 142.62B 172.43B
Treasury Stock 20.25B 18.14B 11.89B 13.23B
Capital Surplus 154M 154M 154M 154M
Other Stockholder Equity 20.25B 18.14B 11.89B 13.23B
Total Stockholder Equity 190.47B 171.97B 155.31B 186.48B
Net Tangible Assets 164.77B 147.27B 132.6B 162.99B

Cash Flow Statement

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

31 Dec 2022 31 Dec 2021 31 Dec 2020 31 Dec 2019
Net Income 42.31B 20.1B -21.68B 15.84B
Depreciation 18.12B 25.03B 46.74B 29.45B
Change To Netincome 13.42B 10.34B 4.44B 1.66B
Change To Account Receivables -8.99B -20.57B 9.62B -921M
Change To Liabilities 11.91B 17.52B -9.49B -1.22B
Change To Inventory -8.36B -7.32B 4.48B -2.63B
Total Cash From Operating Activities 68.41B 45.1B 34.1B 42.18B
Capital Expenditures -22.6B -19B -16.59B -22.97B
Investments -1.6B 183M 279M 2.12B
Other Cashflows From Investing Activities 326M -177M 539M 269M
Total Cashflows From Investing Activities -22.45B -4.76B -13.28B -15.78B
Dividends Paid -7.41B -6.25B -7.42B -15.2B
Net Borrowings -7.87B -19.73B 5.58B -3.42B
Other Cashflows From Financing Activities -7.65B -5.51B -3.3B -5.23B
Total Cash From Financing Activities -41.95B -34.66B -7.22B -35.21B
Effect Of Exchange Rate -736M -539M 172M 124M
Change In Cash 3.28B 5.14B 13.78B -8.69B
Repurchase Of Stock -19.03B -3.17B -2.08B -11.36B