Shell (SHEL) Change in Inventory (2016 - 2026)
Shell's Change in Inventory was $3.74 billion in Q2 2026, compared with -$27 million a year earlier.
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Analysis
Shell (SHEL) Change in Inventory (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shell's Change in Inventory was -$1.86 billion through Jun 30, 2026; for FY2025, it came in at $1.92 billion.
- Change in Inventory shows a five-year compound annual growth rate of -20.1% (FY2020 to FY2025).
- In earlier years, Change in Inventory was -$1.56 billion in FY2024, $6.33 billion in FY2023, -$11.75 billion in FY2022 and -$7.32 billion in FY2021.
- The Q2 2026 figure marks the highest quarterly Change in Inventory since Q4 2023.
- Per Business Quant data, SHEL's Change in Inventory in the three quarters before Q2 2026 was -$6.69 billion (Q1 2026), $738 million (Q4 2025) and $352 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | - |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 3.74 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | - |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | - |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | -1.39 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | -20.00 Mn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | -800.00 Mn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | - |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | - |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.74 Bn |
| Mar 31, 2026 | -6.69 Bn |
| Dec 31, 2025 | 738.00 Mn |
| Sep 30, 2025 | 352.00 Mn |
| Jun 30, 2025 | -27.00 Mn |
| Mar 31, 2025 | 854.00 Mn |
| Dec 31, 2024 | 131.00 Mn |
| Sep 30, 2024 | 2.71 Bn |
| Jun 30, 2024 | -954.00 Mn |
| Mar 31, 2024 | -608.00 Mn |
| Dec 31, 2023 | 6.33 Bn |
| Sep 30, 2023 | -3.15 Bn |
| Jun 30, 2023 | 1.17 Bn |
| Mar 31, 2023 | 4.22 Bn |
| Dec 31, 2022 | -8.36 Bn |
| Sep 30, 2022 | 484.00 Mn |
| Jun 30, 2022 | -6.83 Bn |
| Mar 31, 2022 | -4.91 Bn |
| Dec 31, 2021 | -7.32 Bn |
| Sep 30, 2021 | -538.00 Mn |
API Access
Shell Change in Inventory 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=change-in-inventory&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();