SHELShell plc

$91.11

Is it safe?

Can SHEL take a bad year?

Shell plc carries $43.0B of net debt at 0.55× EBITDA: a load its earnings can carry.

$43.0B

Net debt · as at Q2 2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
0.55×

Net debt / EBITDA · 0.55× a year ago · the load is coming down

Interest cover
11.5×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
23%

Annualised volatility · about as steady as the market itself

Details
Total debtQ2 2025
$75.7B
Cash and short-term investments
$32.7B
Net debt
$43.0B
EBITDA, trailing twelve months
$78.3B
Operating profit, trailing twelve months
$52.8B
Debt / equity
0.42×
Total debt / EBITDA
0.97×
Annualised volatilitytwo years of daily moves
23%
Worst drawdown on file
−67%
Below its 52-week high
−2.7%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.