Shell (RYDAF) Operating Expenses (2009 - 2025)

Shell (RYDAF) posted Operating Expenses of $9.6 billion for Q4 2025, up 3.23% quarter-over-quarter from $9.3 billion in Q3 2025, and up 2.13% year-on-year from $9.4 billion in Q4 2024.

Shell (RYDAF) Operating Expenses (2009 - 2025) Analysis & Trends

Shell (RYDAF) has reported Operating Expenses for 17 consecutive years, with $9.6 billion the latest figure, recorded in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $9.6 billion, up 2.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $27.2 billion (down 25.68% YoY), and the FY2025 annual result was $9.6 billion, down 96.29% from the prior year.
  • Operating Expenses was $9.6 billion for Q4 2025 at Shell, up from $9.3 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $13.0 billion in Q4 2022 and troughed at -$6.4 billion in Q3 2022.
  • Average Operating Expenses over 5 years is $6.2 billion, with a median of $8.8 billion recorded in 2024.
  • Year-over-year, Operating Expenses plunged 5129.41% in 2021 and surged 1560.85% in 2022.
  • Over 5 years, Operating Expenses stood at -$889.0 million in 2021, then soared by 1560.85% to $13.0 billion in 2022, then decreased by 16.07% to $10.9 billion in 2023, then dropped by 13.76% to $9.4 billion in 2024, then rose by 2.13% to $9.6 billion in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were $9.6 billion in Q4 2025, $9.3 billion in Q3 2025, and $8.3 billion in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Exxon Mobil 6,326.01 Bn 6,324.19 Bn - 78.17 Bn
2 Petrobras - Petroleo Brasileiro 3,284.86 Bn 3,284.86 Bn 11.34 Bn -3.49 Bn
3 Bp 558.99 Bn 524.30 Bn 51.83 Bn 44.00 Mn
4 TotalEnergies SE 523.98 Bn 523.98 Bn 26,816.00 -5,222.00
5 Chevron 328.11 Bn 333.77 Bn 20.34 Bn 7.68 Bn
6 Equinor Asa 77.88 Bn 70.78 Bn - -19.06 Bn
7 National Fuel Gas 7.37 Bn 7.34 Bn 650.52 Mn 511.24 Mn
8 Diversified Energy 1.02 Bn 860.11 Mn -3.35 Mn 277.71 Mn
9 Stabilis Solutions 74.76 Mn 64.12 Mn 367,000.00 14.66 Mn
10 Shell - - - -

Historic Data

Download Data
DateValue
Dec 31, 2025 9.60 Bn
Sep 30, 2025 9.30 Bn
Jun 30, 2025 8.30 Bn
Mar 31, 2025 8.60 Bn
Dec 31, 2024 9.40 Bn
Sep 30, 2024 9.60 Bn
Jun 30, 2024 9.00 Bn
Mar 31, 2024 9.00 Bn
Dec 31, 2023 10.90 Bn
Sep 30, 2023 10.10 Bn
Jun 30, 2023 9.70 Bn
Mar 31, 2023 3.30 Bn
Dec 31, 2022 12.99 Bn
Sep 30, 2022 -6.37 Bn
Jun 30, 2022 3.19 Bn
Mar 31, 2022 3.43 Bn
Dec 31, 2021 -228.00 Mn
Sep 30, 2021 -233.00 Mn
Jun 30, 2021 3.10 Bn
Dec 31, 2020 -17.00 Mn