SKU: 40995
Author: Wood Mackenzie

Company Report 31 July 2025

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Shell reported solid, if unspectacular Q2 results. Earnings were down 24% on Q1 2025, and down 32% on the same period last year, reflecting lower realised prices and a weaker contribution from trading, partly offset by a stronger performance in Marketing and reduced operating expenses. Shell announced another US$3.5 billion of share buybacks. Total shareholder distributions over the last four quarters are equivalent to 46% of CFFO. Shell shares closed up 1.2% on the day (vs BP -0.1%).

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Financials
Shareholder distributions
Investment and costs
Portfolio
Headline financials
Shareholder distributions
Messaging and guidance
Financials
Investment and costs
Shareholder distributions
What next?
Headline financials
163 more item(s)...

Tables and charts

This report includes the following images and tables:

Shell slide on cost reductions (Q2 2025 results presentation)
Key quarterly data

Key quarterly data
1) Shell annual shareholder distributions as % of CFFO; 2) Shell quarterly dividend
Key quarterly data
Key quarterly data
Key Quarterly Data
Key quarterly data
1) Shell annual shareholder distributions as % of CFFO; 2) Shell quarterly dividend evolution
Key quarterly data
Key quarterly data
36 more item(s)...