Investments in securities | | | Investments in securities |
| | | | | | | | | | $ million | | Dec 31, 2025 | Dec 31, 2024 | | Equity securities: | 1,079 | 1,104 | | Equity securities at fair value through other comprehensive income | 1,079 | 1,104 | | | | | Debt securities: | 478 | 1,151 | | Debt securities at amortised cost | 39 | 37 | | Debt securities at fair value through other comprehensive income | 399 | 1,017 | | Debt securities at fair value through profit or loss | 40 | 97 | | Total | 1,557 | 2,255 | | At fair value | | | | Measured by reference to prices in active markets for identical assets | 580 | 1,197 | | Measured by reference to other observable inputs | 70 | 95 | Measured using more than an insignificant proportion of unobservable inputs | 868 | 926 | | Total | 1,518 | 2,218 | | At cost | 39 | 37 | | Total | 1,557 | 2,255 |
As at December 31, 2025, investments included equity securities comprising interests in which Shell has no significant influence and debt securities, principally comprising assets held in escrow in relation to the Group's UK pension arrangements. | | | Investments in securities measured using more than an insignificant proportion of unobservable inputs [A] |
| | | | | | | | | | $ million | | 2025 | 2024 | | At January 1 | 926 | 1,143 | Losses recognised in other comprehensive income | (63) | (16) | | Purchases | 80 | 63 | | Sales | (49) | (260) | | Other movements | (26) | (4) | | At December 31 | 868 | 926 |
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