Shell (SHEL) Capital Expenditures (2014 - 2026)
Shell's Capital Expenditures came in at $80.6 billion for Q2 2026, up 33.3% from $60.47 billion a year earlier and up 32.6% from the prior quarter.
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Analysis
Shell (SHEL) Capital Expenditures (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Shell reported Capital Expenditures of $263.07 billion, up 4.0% year-over-year; for FY2024, it came in at $259.11 billion, down 10.8% from FY2023.
- Capital Expenditures carries a five-year compound annual growth rate of -4.5% (FY2019 to FY2024).
- Going back by year, Capital Expenditures was $290.56 billion in FY2023 (-9.6%), $321.39 billion in FY2022 (+32.4%), $242.83 billion in FY2021 (+15.5%) and $210.16 billion in FY2020 (-35.7%).
- The Q2 2026 figure represents the highest quarterly Capital Expenditures since Q2 2019.
- Year-over-year, Capital Expenditures increased in 1 of the last four quarters, with growth averaging 4.5%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q1 2022 (growth of 42.3%), and the weakest in Q1 2024 (a decline of 14.7%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 7.18 Bn |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 4.01 Bn |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | -4.45 Bn |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | - |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 3.02 Bn |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | -2.87 Bn |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | -1.34 Bn |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 680.00 Mn |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | -1.51 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 |
| Dec 31, 2019 | 82.28 Bn |
| Sep 30, 2019 | 81.17 Bn |
| Jun 30, 2019 | 86.92 Bn |
| Mar 31, 2019 | 76.26 Bn |
| Dec 31, 2018 | 96.72 Bn |
| Sep 30, 2018 | 91.81 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();