Filing Flows › Shell (SHEL) › Q4 2024
Shell (SHEL) Q4 2024 earnings results (fourth quarter 2024)
6-K filed Jan 30, 2025
Shell (SHEL) reported revenue of $66.3B for the fourth quarter 2024 (Q4 2024), -16% from a year earlier and -7% from the quarter before. Operating margin was 6.3%, net earnings $928M (1.4% of revenue).
Shell, Q4 2024: revenue $66.3B (-16% year over year), operating margin 6.3%, net earnings $928M, operating cash flow $13.2B. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.3B | -7% | -16% |
| Operating profit | $4.2B | -42% | +157% |
| Net earnings | $928M | -78% | +96% |
| Operating cash flow | $13.2B | -10% | +5% |
What changed
Revenue was $66.3B in Q4 2024, down 16% year over year and down 7% from the previous quarter.
Operating profit was $4.2B, a 6.3% margin (up 4.3 points year over year). Total costs fell 19% while revenue fell 16%. Net earnings were $0.93B, up 96% year over year. The effective tax rate was 75.2%.
Operating cash flow was $13.2B (up 5% year over year), 1264% of net income including minority interests. Working capital and other items added $12.1B.
Questions
What was Shell's revenue in the fourth quarter 2024?
Shell (SHEL) reported revenue of $66.3B for the fourth quarter 2024 (Q4 2024), -16% from a year earlier and -7% from the quarter before.
Was Shell profitable in the fourth quarter 2024?
Operating profit was $4.2B (6.3% of revenue) and net earnings $928M.
Source: Shell 6-K on SEC EDGAR.