Shell (SHEL) Change in Working Capital (2009 - 2026)
Shell's (SHEL) quarterly Change in Working Capital came in at -$11.2 billion in Q1 2026, down 319.79% YoY from $5.1 billion in Q1 2025, and down 976.78% on a QoQ basis from $1.3 billion in Q4 2025.
Shell (SHEL) Change in Working Capital (2009 - 2026) Analysis & Trends
Shell (SHEL) has 17 years of Change in Working Capital data on file, last reported at -$11.2 billion in Q1 2026.
- Quarterly Change in Working Capital fell 319.79% year-over-year to -$11.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$10.3 billion (down 579.68% YoY) and the FY2025 annual result came in at -$1.8 billion, down 187.44% from the prior year.
- Change in Working Capital declined to -$11.2 billion in Q1 2026, from $1.3 billion in the prior quarter.
- In the past five years, Change in Working Capital ranged from a high of $10.4 billion in Q4 2022 to a low of -$11.2 billion in Q1 2026.
- A 5-year average of -$544.5 million and a median of -$258.0 million in 2024 frame the typical range for Change in Working Capital.
- The widest YoY moves for Change in Working Capital: up 1105.88% in 2024, down 326.01% in 2024.
- Tracing SHEL's Change in Working Capital over 5 years: stood at $10.4 billion in 2022, then tumbled by 74.18% to $2.7 billion in 2023, then decreased by 10.29% to $2.4 billion in 2024, then tumbled by 47.03% to $1.3 billion in 2025, then sank by 976.78% to -$11.2 billion in 2026.
- The last three Change in Working Capital figures came in at -$11.2 billion (Q1 2026), $1.3 billion (Q4 2025), and -$28.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | -1.87 Bn |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 1.76 Bn |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | - |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 3.51 Mn |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | - |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 1.79 Bn |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 43.75 Mn |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | - |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | -1.66 Bn |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 24.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.18 Bn |
| Mar 31, 2026 | -11.18 Bn |
| Dec 31, 2025 | 1.28 Bn |
| Dec 31, 2025 | 1.28 Bn |
| Sep 30, 2025 | -28.00 Mn |
| Sep 30, 2025 | -28.00 Mn |
| Jun 30, 2025 | -386.00 Mn |
| Jun 30, 2025 | -386.00 Mn |
| Mar 31, 2025 | -2.66 Bn |
| Mar 31, 2025 | -2.66 Bn |
| Dec 31, 2024 | 2.41 Bn |
| Dec 31, 2024 | 2.41 Bn |
| Sep 30, 2024 | 2.67 Bn |
| Sep 30, 2024 | 2.67 Bn |
| Jun 30, 2024 | -258.00 Mn |
| Jun 30, 2024 | -258.00 Mn |
| Mar 31, 2024 | -2.75 Bn |
| Mar 31, 2024 | -2.75 Bn |
| Dec 31, 2023 | 2.68 Bn |
| Dec 31, 2023 | 2.68 Bn |