Shell (SHEL) Capital Expenditures (2009 - 2026)

Shell has reported Capital Expenditures for 18 years, with the latest figure at -$3.8 billion in Q1 2026.

• For the quarter ending Q1 2026, Capital Expenditures changed 0.24% year-over-year to -$3.8 billion; the trailing twelve-month figure through Mar 2026 stood at $46.9 billion (up 342.16% YoY), and the FY2025 full-year result was $18.9 billion, down 3.34% from the prior year.
• Capital Expenditures for Q1 2026 stood at -$3.8 billion, up from -$5.2 billion in the prior quarter.
• The five-year high for Capital Expenditures was $76.9 billion in Q2 2022, with the low at -$7.0 billion in Q4 2023.
• Historically, Capital Expenditures has averaged $7.6 billion across 5 years, with a median of -$4.6 billion in 2023.
• Annual changes were most pronounced in 2022 — Capital Expenditures tumbled 108.33% — and 2025, when it soared 1460.36%.
• Shell's Capital Expenditures stood at -$6.4 billion in 2022, then fell by 8.46% to -$7.0 billion in 2023, then grew by 6.81% to -$6.5 billion in 2024, then increased by 19.06% to -$5.2 billion in 2025, then rose by 28.44% to -$3.8 billion in 2026.
• The last three Capital Expenditures figures came in at -$3.8 billion (Q1 2026), -$5.2 billion (Q4 2025), and -$4.6 billion (Q3 2025), per Business Quant data.