Shell plc Q2 2025 Financial Results

SEC Filing 6-K (0001306965-25-000031)

Shell plc released its unaudited condensed interim financial report for the second quarter of 2025. The report highlights a decrease in income attributable to Shell plc shareholders to $3.6 billion, down from $4.8 billion in the previous quarter. Adjusted earnings were $4.3 billion, a 30% decrease compared to the same period in 2024. Cash flow from operating activities was $11.9 billion, driven by adjusted EBITDA. The company also reported a net debt of $43.2 billion, reflecting free cash flow of $6.5 billion, which was offset by share buybacks and dividends. Shell announced a $3.5 billion share buyback program expected to be completed by the third quarter of 2025. The report also details segment performance, with Integrated Gas, Upstream, and Marketing segments showing mixed results. The company expects cash capital expenditure for 2025 to be within the range of $20-22 billion.