Shell (RYDAF) Operating Expenses (2009 - 2026)
Shell's (RYDAF) quarterly Operating Expenses came in at $3.0 billion in Q2 2026, down 63.6% on a YoY basis from $8.3 billion in Q2 2025, and down 65.28% quarter-over-quarter from $8.7 billion in Q1 2026.
Powered by 
Analysis
Shell (RYDAF) Operating Expenses (2009 - 2026) Analysis & Trends
Shell (RYDAF) has reported Operating Expenses for 18 consecutive years, with $3.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 63.6% year-over-year to $3.0 billion; the trailing twelve-month figure through Jun 2026 stood at $30.6 billion (down 14.76% YoY), and the FY2025 full-year result was $35.7 billion, down 86.23% from the prior year.
- Operating Expenses declined to $3.0 billion in Q2 2026 per RYDAF's latest filing, from $8.7 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $149.3 billion in Q2 2022 and bottomed at $3.0 billion in Q2 2026.
- Historically, Operating Expenses has averaged $27.9 billion across 5 years, with a median of $9.6 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 3982.38% in 2022, then tumbled 87.26% in 2024.
- Over 5 years, Operating Expenses stood at $11.1 billion in 2022, then fell by 1.95% to $10.9 billion in 2023, then declined by 13.74% to $9.4 billion in 2024, then increased by 1.69% to $9.6 billion in 2025, then sank by 68.4% to $3.0 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.0 billion, $8.7 billion, and $9.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 53.37 Bn |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn | 3.02 Bn |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn | 46.44 Bn |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - | 22.08 Mn |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn | 2.43 Bn |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | -22.18 Bn |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | 47.07 Bn |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn | 114.95 Mn |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn | 17.00 Mn |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | 5.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.02 Bn |
| Mar 31, 2026 | 8.70 Bn |
| Dec 31, 2025 | 9.56 Bn |
| Sep 30, 2025 | 9.30 Bn |
| Jun 30, 2025 | 8.30 Bn |
| Mar 31, 2025 | 8.58 Bn |
| Dec 31, 2024 | 9.40 Bn |
| Sep 30, 2024 | 9.60 Bn |
| Jun 30, 2024 | 9.00 Bn |
| Mar 31, 2024 | 63.66 Bn |
| Dec 31, 2023 | 10.90 Bn |
| Sep 30, 2023 | 10.10 Bn |
| Jun 30, 2023 | 70.67 Bn |
| Mar 31, 2023 | 9.31 Bn |
| Dec 31, 2022 | 11.11 Bn |
| Sep 30, 2022 | 28.42 Bn |
| Jun 30, 2022 | 149.31 Bn |
| Mar 31, 2022 | 72.39 Bn |
| Dec 31, 2021 | -889.00 Mn |
| Sep 30, 2021 | -732.00 Mn |
API Access
Shell Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RYDAF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RYDAF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RYDAF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();