荷兰皇家壳牌Royal Dutch Shell （SHEL）2025年第二季度未审核业绩报告「NYSE」（英文版）（42页）.pdf

1、SHELL PLC 2nd QUARTER 2025 AND HALF YEAR UNAUDITED RESULTS SUMMARY OF UNAUDITED RESULTS Quarters$million Half year Q2 2025 Q1 2025 Q2 2024%Reference 2025 2024%3,601 4,780 3,517-25 Income/(loss)attributable to Shell plc shareholders 8,381 10,874-23 4,264 5,577 6,293-24 Adjusted Earnings A 9,841 14,02

2、7-30 13,313 15,250 16,806-13 Adjusted EBITDA A 28,563 35,517-20 11,937 9,281 13,508+29 Cash flow from operating activities 21,218 26,838-21(5,406)(3,959)(3,338)Cash flow from investing activities(9,365)(6,866)6,531 5,322 10,170 Free cash flow G 11,853 19,972 5,817 4,175 4,719 Cash capital expenditur

3、e C 9,993 9,211 8,265 8,575 8,950-4 Operating expenses F 16,840 17,947-6 8,145 8,453 8,651-4 Underlying operating expenses F 16,598 17,704-6 9.4%10.4%12.8%ROACE D 9.4%12.8%75,675 76,511 75,468 Total debt E 75,675 75,468 43,216 41,521 38,314 Net debt E 43,216 38,314 19.1%18.7%17.0%Gearing E 19.1%17.0

4、%2,682 2,838 2,817-5 Oil and gas production available for sale(thousand boe/d)2,760 2,864-4 0.61 0.79 0.55-23 Basic earnings per share($)1.40 1.70-18 0.72 0.92 0.99-22 Adjusted Earnings per share($)B 1.64 2.19-25 0.3580 0.3580 0.3440 Dividend per share($)0.7160 0.6880+4 1.Q2 on Q1 change Quarter Ana

5、lysis1 Income attributable to Shell plc shareholders,compared with the first quarter 2025,reflected lower trading and optimisation margins and lower realised liquids and gas prices,partly offset by higher Marketing margins and lower operating expenses.Second quarter 2025 income attributable to Shell

6、 plc shareholders also included impairment charges,gains on disposal of assets and favourable movements due to the fair value accounting of commodity derivatives.These items are included in identified items amounting to a net loss of$0.3 billion in the quarter.This compares with identified items in