v3.25.2
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of cash flows [abstract]      
Income before taxation for the period $ 32,627 $ 64,815 $ 29,829
Adjustment for:      
Interest expense (net) 2,360 2,135 3,096
Depreciation, depletion and amortisation 31,290 18,529 26,921
Exploration well write-offs 868 881 639
Net gains on sale and revaluation of non-current assets and businesses (246) (642) (5,995)
Share of profit of joint ventures and associates (3,725) (3,972) (4,097)
Dividends received from joint ventures and associates 3,674 4,398 3,929
Decrease/(increase) in inventories 6,325 (8,360) (7,319)
Decrease/(increase) in current receivables 12,401 (8,989) (20,567)
(Decrease)/increase in current payables (10,888) 11,915 17,519
Derivative financial instruments (5,723) (2,619) 5,882
Retirement benefits (37) 417 16
Decommissioning and other provisions (473) 35 (76)
Other (550) 2,991 803
Tax paid (13,712) (13,120) (5,476)
Cash flow from operating activities 54,191 68,414 45,104
Capital expenditure (22,993) (22,600) (19,000)
Investments in joint ventures and associates (1,202) (1,973) (479)
Investment in equity securities (197) (260) (218)
Proceeds from sale of property, plant and equipment and businesses 2,565 1,431 14,233
Proceeds from joint ventures and associates from sale, capital reduction and repayment of long-term loans 474 511 584
Proceeds from sale of equity securities 51 117 296
Interest received 2,124 906 423
Other investing cash inflows 4,269 2,060 2,928
Other investing cash outflows (2,825) (2,640) (3,528)
Cash flow from investing activities (17,734) (22,448) (4,761)
Net (decrease)/increase in debt with maturity period within three months (211) 318 14
Other debt:      
New borrowings 1,029 269 1,791
Repayments (10,650) (8,459) (21,534)
Interest paid (4,441) (3,677) (4,014)
Derivative financial instruments 723 (1,799) (1,165)
Change in non-controlling interest (22) (1,965) 19
Cash dividends paid to:      
Shell plc shareholders (8,393) (7,405) (6,253)
Non-controlling interest (764) (206) (348)
Repurchases of shares (14,617) (18,437) (2,889)
Shares held in trust: net purchases and dividends received (889) (593) (285)
Cash flow from financing activities (38,235) (41,954) (34,664)
Effects of exchange rate changes on cash and cash equivalents 306 (736) (539)
(Decrease)/increase in cash and cash equivalents (1,472) 3,276 5,140
Cash and cash equivalents at beginning of year 40,246 36,970 31,830
Cash and cash equivalents at end of year $ 38,774 $ 40,246 $ 36,970