Demonstrating robust cash flow generation and strategic advancement despite a challenging global economic landscape. The energy major announced earnings of $4.3 billion and significant cash flow from operations (CFFO) of $11.9 billion.
Shell plc said today in its reported second-quarter 2025 financial results,
Wael Sawan, Shell plc Chief Executive Officer, underscored the company’s resilience, stating, “Shell generated robust cash flows reflecting strong operational performance in a less favourable macro environment.”
He highlighted key strategic achievements, including the enhancement of Shell’s deep-water portfolio in Nigeria and Brazil and the historic first cargo shipment from the LNG Canada facility, which fortifies Shell’s position as a leading global LNG player.
The company’s delivered $0.8 billion in structural cost reductions during the first half of 2025, contributing to a cumulative $3.9 billion in reductions since 2022. This ongoing focus on efficiency aligns with their 2025 cash capital expenditure outlook, which remains unchanged at $20 – $22 billion.
Financial Performance and Shareholder Returns:
While adjusted earnings for Q2 2025 were $4.3 billion, they were down from $5.6 billion in the previous quarter, largely attributed to lower trading and optimization contributions and weaker commodity prices.
Brent crude prices averaged $71.7/bbl in the first half of 2025, compared to $84.1/bbl in the same period of 2024, reflecting broader industry pressures.
Income attributable to Shell shareholders for Q2 2025 totaled $3.6 billion, with Adjusted EBITDA reaching $13.3 billion. Free cash flow for the quarter stood at $6.5 billion.
However, Shell has initiated another $3.5 billion share buyback program for the next three months, marking the 15th consecutive quarter of buybacks at or above the 3 billion threshold.
Total distributions paid to shareholders over the last four quarters accounted for 46% of CFFO. The company also declared an interim dividend of US0.358 per ordinary share for the second quarter of 2025.
