Shell (SHEL) Change in Inventory (2010 - 2026)
Shell's (SHEL) quarterly Change in Inventory came in at $3.7 billion in Q2 2026, up 13948.15% YoY from N/an in Q2 2025, and up 155.92% on a QoQ basis from -$6.7 billion in Q1 2026.
Analysis
Shell (SHEL) Change in Inventory (2010 - 2026) Analysis & Trends
Shell (SHEL) has 11 years of Change in Inventory data on file, last reported at $3.7 billion in Q2 2026.
- Quarterly Change in Inventory rose 13948.15% year-over-year to $3.7 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$1.8 billion (down 189.75% YoY) and the FY2025 annual result came in at $1.9 billion, up 50.51% from the prior year.
- Change in Inventory rose to $3.7 billion in Q2 2026, from -$6.7 billion in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $5.4 billion in Q4 2023 to a low of -$11.7 billion in Q4 2022.
- A 5-year average of -$930.2 million and a median of $162.5 million in 2025 frame the typical range for Change in Inventory.
- The widest YoY moves for Change in Inventory: up 13948.15% in 2026, down 882.9% in 2026.
- Tracing SHEL's Change in Inventory over 5 years: stood at -$11.7 billion in 2022, then surged by 145.88% to $5.4 billion in 2023, then plunged by 128.98% to -$1.6 billion in 2024, then surged by 152.94% to $827.0 million in 2025, then jumped by 352.12% to $3.7 billion in 2026.
- The last three Change in Inventory figures came in at $3.7 billion (Q2 2026), -$6.7 billion (Q1 2026), and $827.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 3.74 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 | - | -1.39 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 | -200.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.74 Bn |
| Jun 30, 2026 | 3.74 Bn |
| Mar 31, 2026 | -6.69 Bn |
| Mar 31, 2026 | -6.69 Bn |
| Dec 31, 2025 | 827.00 Mn |
| Dec 31, 2025 | 827.00 Mn |
| Sep 30, 2025 | 352.00 Mn |
| Sep 30, 2025 | 352.00 Mn |
| Jun 30, 2025 | -27.00 Mn |
| Jun 30, 2025 | -27.00 Mn |
| Mar 31, 2025 | 854.00 Mn |
| Mar 31, 2025 | 854.00 Mn |
| Dec 31, 2024 | -1.56 Bn |
| Dec 31, 2024 | -1.56 Bn |
| Sep 30, 2024 | 2.71 Bn |
| Sep 30, 2024 | 2.71 Bn |
| Jun 30, 2024 | -954.00 Mn |
| Jun 30, 2024 | -954.00 Mn |
| Mar 31, 2024 | -608.00 Mn |
| Mar 31, 2024 | -608.00 Mn |