Shell (SHEL) Beginning Cash Balance (2009 - 2026)
Shell's (SHEL) quarterly Beginning Cash Balance came in at $23.1 billion in Q2 2026, down 35.07% YoY from $35.6 billion in Q2 2025, and down 23.49% on a QoQ basis from $30.2 billion in Q1 2026.
Analysis
Shell (SHEL) Beginning Cash Balance (2009 - 2026) Analysis & Trends
Shell (SHEL) has 18 years of Beginning Cash Balance data on file, last reported at $23.1 billion in Q2 2026.
- Quarterly Beginning Cash Balance fell 35.07% year-over-year to $23.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $125.1 billion (down 19.33% YoY) and the FY2025 annual result came in at $39.1 billion, up 0.87% from the prior year.
- Beginning Cash Balance eased to $23.1 billion in Q2 2026, from $30.2 billion in the prior quarter.
- In the past five years, Beginning Cash Balance ranged from a high of $45.1 billion in Q3 2023 to a low of $23.1 billion in Q2 2026.
- A 5-year average of $37.8 billion and a median of $38.9 billion in 2022 frame the typical range for Beginning Cash Balance.
- Annual changes were most pronounced in 2022 — Beginning Cash Balance gained 23.8% — and 2026, when it plunged 35.07%.
- Tracing SHEL's Beginning Cash Balance over 5 years: stood at $36.0 billion in 2022, then increased by 19.6% to $43.0 billion in 2023, then slipped by 1.81% to $42.3 billion in 2024, then decreased by 7.44% to $39.1 billion in 2025, then tumbled by 40.89% to $23.1 billion in 2026.
- The last three Beginning Cash Balance figures came in at $23.1 billion (Q2 2026), $30.2 billion (Q1 2026), and $39.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.12 Bn |
| Jun 30, 2026 | 23.12 Bn |
| Mar 31, 2026 | 30.22 Bn |
| Mar 31, 2026 | 30.22 Bn |
| Dec 31, 2025 | 39.11 Bn |
| Dec 31, 2025 | 39.11 Bn |
| Sep 30, 2025 | 32.68 Bn |
| Sep 30, 2025 | 32.68 Bn |
| Jun 30, 2025 | 35.60 Bn |
| Jun 30, 2025 | 35.60 Bn |
| Mar 31, 2025 | 39.11 Bn |
| Mar 31, 2025 | 39.11 Bn |
| Dec 31, 2024 | 42.25 Bn |
| Dec 31, 2024 | 42.25 Bn |
| Sep 30, 2024 | 38.15 Bn |
| Sep 30, 2024 | 38.15 Bn |
| Jun 30, 2024 | 39.95 Bn |
| Jun 30, 2024 | 39.95 Bn |
| Mar 31, 2024 | 38.77 Bn |
| Mar 31, 2024 | 38.77 Bn |