Shell (RYDAF) Operating Expenses (2009 - 2025)

Shell has reported Operating Expenses for 17 years, with the latest figure at $3.1 billion in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 0.64% year-over-year to $3.1 billion; the trailing twelve-month figure through Mar 2026 stood at $9.3 billion (down 7.94% YoY), and the FY2025 full-year result was $13.2 billion, down 94.91% from the prior year.
• Operating Expenses for Q4 2025 stood at $3.1 billion, down from $3.3 billion in the prior quarter.
• The five-year high for Operating Expenses was $11.1 billion in Q4 2022, with the low at -$889.0 million in Q4 2021.
• Historically, Operating Expenses has averaged $5.3 billion across 5 years, with a median of $3.2 billion in 2022.
• Annual changes were most pronounced in 2021 — Operating Expenses slumped 109.21% — and 2022, when it jumped 4116.74%.
• Shell's Operating Expenses stood at -$889.0 million in 2021, then soared by 1350.17% to $11.1 billion in 2022, then dropped by 1.95% to $10.9 billion in 2023, then slumped by 71.37% to $3.1 billion in 2024, then declined by 0.64% to $3.1 billion in 2025.
• The last three Operating Expenses figures came in at $3.1 billion (Q4 2025), $3.3 billion (Q3 2025), and $2.9 billion (Q2 2025), per Business Quant data.