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)

20212020
Total Revenue261.5B180.54B
Gross Profit62.77B39.45B
Operating Income24.81B-18.22B
Income Before Tax29.83B-26.97B
Net Income20.1B-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)

20212020
Cash36.97B31.83B
Total Assets404.38B 379.27B
Long Term Debt57.5B66.84B
Total Liabilities229.05B 220.73B
Total Shareholder Equity171.97B155.31B
Net Tangible Assets147.27B132.6B

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)

20212020
Net Income20.1B-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 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue261.5B180.54B344.88B388.38B
Cost Of Revenue198.73B141.09B279.42B321.37B
Gross Profit62.77B39.45B65.46B67.01B
Research Development815M907M962M986M
Selling General Administrative11.33B9.88B10.49B11.36B
Non Recurring----
Other Operating Expenses----
Total Operating Expenses236.69B198.76B321.32B356.56B
Operating Income24.81B-18.22B23.55B31.82B
Total Other Income Expense Net5.01B-8.74B1.93B3.8B
Ebit24.81B-18.22B23.55B31.82B
Interest Expense-3.61B-4.09B-4.69B-3.75B
Income Before Tax29.83B-26.97B25.48B35.62B
Income Tax Expense9.2B-5.43B9.05B11.71B
Minority Interest3.36B3.23B3.99B3.89B
Net Income From Continuing Ops20.63B-21.53B16.43B23.91B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income20.1B-21.68B15.84B23.35B
Net Income Applicable To Common Shares20.1B-21.68B15.84B23.35B

Balance Sheet Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash36.97B31.83B18.05B26.74B
Net Receivables44.23B29.94B39.13B37.08B
Inventory25.26B19.46B24.07B21.12B
Other Current Assets13.33B7.04B7.15B7.19B
Total Current Assets128.76B91.95B92.69B97.48B
Long Term Investments27.21B25.67B25.8B28.4B
Property Plant Equipment194.93B209.7B238.35B223.18B
Good Will14.92B14.04B14.21B13.72B
Intangible Assets9.77B8.67B9.28B9.87B
Other Assets28.78B29.23B24.02B26.55B
Deferred Long Term Asset Charges12.43B16.31B10.52B12.1B
Total Assets404.38B379.27B404.34B399.19B
Accounts Payable34.14B22.66B29.5B30.35B
Short Long Term Debt3.56B5.22B6.15B8.42B
Other Current Liab38.23B22.19B21.12B23.02B
Long Term Debt57.5B66.84B55.78B53.69B
Other Liab52.64B55.91B52.89B52.16B
Minority Interest3.36B3.23B3.99B3.89B
Total Current Liabilities95.55B73.71B79.62B77.81B
Total Liab229.05B220.73B213.87B196.66B
Common Stock641M651M657M685M
Retained Earnings153.03B142.62B172.43B182.61B
Treasury Stock18.14B11.89B13.23B15.2B
Capital Surplus154M154M154M154M
Other Stockholder Equity18.14B11.89B13.23B15.2B
Total Stockholder Equity171.97B155.31B186.48B198.65B
Net Tangible Assets147.27B132.6B162.99B175.06B

Cash Flow Statement

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

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income20.1B-21.68B15.84B23.35B
Depreciation25.03B45.95B29.45B21.5B
Change To Netincome10.34B5.23B1.66B4.79B
Change To Account Receivables-20.57B9.62B-921M1.96B
Change To Liabilities17.52B-9.49B-1.22B-1.34B
Change To Inventory-7.32B4.48B-2.63B2.82B
Total Cash From Operating Activities45.1B34.1B42.18B53.09B
Capital Expenditures-19B-16.59B-22.97B-23.01B
Investments183M279M2.12B5.03B
Other Cashflows From Investing Activities-177M539M269M-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-19.73B5.58B-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-539M172M124M-449M
Change In Cash5.14B13.78B-8.69B6.43B
Repurchase Of Stock-3.17B-2.08B-11.36B-5.06B