• Shell average price to free cash flow ratio for 2024 was 6.57, a 23.5% decline from 2023.
• Shell average price to free cash flow ratio for 2023 was 5.32, a 19.02% increase from 2022.
• Shell average price to free cash flow ratio for 2022 was 4.47, a 28.71% increase from 2021.

Price to free cash flow ratio can be defined as