Shell (SHEL) Capital Expenditures (2015 - 2026)
Shell's Capital Expenditures came in at -$4.24 billion for Q2 2026, compared with -$5.82 billion a year earlier.
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Analysis
Shell (SHEL) Capital Expenditures (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Shell reported Capital Expenditures of -$19.36 billion; for FY2025, it came in at -$20.92 billion.
- Going back by year, Capital Expenditures was $2.55 trillion in FY2024 (-4.9%), $2.68 trillion in FY2023 (-94.8%), $51.79 trillion in FY2022 and -$19 billion in FY2021.
- The five-year range for quarterly Capital Expenditures is -$19 billion (Q4 2021) to -$4.18 billion (Q1 2025).
- Business Quant data shows SHEL's Capital Expenditures at -$4.2 billion (Q1 2026), -$6.02 billion (Q4 2025) and -$4.91 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 6.53 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 80.60 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 4.54 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | -4.23 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 3.02 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 726.00 Mn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 2.87 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 2.41 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | -1.35 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.60 Bn |
| Mar 31, 2026 | 60.81 Bn |
| Jun 30, 2025 | 60.47 Bn |
| Mar 31, 2025 | 61.19 Bn |
| Jun 30, 2024 | 67.65 Bn |
| Mar 31, 2024 | 63.66 Bn |
| Jun 30, 2023 | 70.67 Bn |
| Mar 31, 2023 | 74.67 Bn |
| Jun 30, 2022 | 76.92 Bn |
| Mar 31, 2022 | 72.39 Bn |
| Jun 30, 2021 | 57.63 Bn |
| Mar 31, 2021 | 50.88 Bn |
| Jun 30, 2020 | 56.40 Bn |
| Mar 31, 2020 | 60.34 Bn |
| Jun 30, 2019 | 86.92 Bn |
| Mar 31, 2019 | 76.26 Bn |
| Dec 31, 2018 | 96.72 Bn |
| Sep 30, 2018 | 67.16 Bn |
| Jun 30, 2018 | 89.66 Bn |
| Mar 31, 2018 | 82.75 Bn |
API Access
Shell Capital Expenditures 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=capital-expenditures&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "SHEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();