Shell (RYDAF) Research & Development (2009 - 2026)
Shell's (RYDAF) quarterly Research & Development came in at $110.0 million in Q2 2026, down 69.44% on a YoY basis from $360.0 million in Q2 2025, and up 12.24% quarter-over-quarter from $98.0 million in Q1 2026.
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Analysis
Shell (RYDAF) Research & Development (2009 - 2026) Analysis & Trends
Shell (RYDAF) has reported Research & Development for 18 consecutive years, with $110.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 69.44% year-over-year to $110.0 million; the trailing twelve-month figure through Jun 2026 stood at $906.0 million (down 20.87% YoY), and the FY2025 full-year result was $1.3 billion, down 46.62% from the prior year.
- Research & Development grew to $110.0 million in Q2 2026 per RYDAF's latest filing, from $98.0 million in the prior quarter.
- Across five years, Research & Development topped out at $750.0 million in Q1 2024 and bottomed at $98.0 million in Q1 2026.
- Historically, Research & Development has averaged $372.9 million across 5 years, with a median of $330.0 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Research & Development soared 196.44% in 2024, then slumped 75.33% in 2025.
- Over 5 years, Research & Development stood at $403.0 million in 2022, then climbed by 16.38% to $469.0 million in 2023, then sank by 36.03% to $300.0 million in 2024, then dropped by 0.67% to $298.0 million in 2025, then sank by 63.09% to $110.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $110.0 million, $98.0 million, and $298.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn | 256.00 Mn |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn | 110.00 Mn |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn | -95.00 Mn |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - | - |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn | 75.00 Mn |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - | -189.00 Mn |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn | - |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn | 17.00 Mn |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - | 47.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 110.00 Mn |
| Mar 31, 2026 | 98.00 Mn |
| Dec 31, 2025 | 298.00 Mn |
| Sep 30, 2025 | 400.00 Mn |
| Jun 30, 2025 | 360.00 Mn |
| Mar 31, 2025 | 185.00 Mn |
| Dec 31, 2024 | 300.00 Mn |
| Sep 30, 2024 | 300.00 Mn |
| Jun 30, 2024 | 496.00 Mn |
| Mar 31, 2024 | 750.00 Mn |
| Dec 31, 2023 | 469.00 Mn |
| Sep 30, 2023 | 267.00 Mn |
| Jun 30, 2023 | 444.00 Mn |
| Mar 31, 2023 | 253.00 Mn |
| Dec 31, 2022 | 403.00 Mn |
| Sep 30, 2022 | 672.00 Mn |
| Jun 30, 2022 | 639.00 Mn |
| Mar 31, 2022 | 269.00 Mn |
| Jun 30, 2021 | 332.00 Mn |
| Mar 31, 2021 | 285.00 Mn |
API Access
Shell Research & Development 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=research-and-development&ticker=RYDAF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=RYDAF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();