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| Date | Value |
|---|---|
| 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 |