Shell (SHEL) Debt Ratio (2009 - 2026)
Shell's (SHEL) Debt Ratio stood at 0.17 in Q2 2026, down 11.6% from 0.20 a year earlier and down 13.3% from the prior quarter.
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Analysis
Shell (SHEL) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Shell's Debt Ratio came in at 0.18, up 4.6% from FY2024.
- Across earlier years, Debt Ratio came in at 0.17 in FY2024 (-13.1%), 0.20 in FY2023 (+6.1%), 0.19 in FY2022 (-6.4%) and 0.20 in FY2021 (-16.2%).
- Quarterly Debt Ratio has ranged from 0.12 in Q3 2024 to 0.20 in Q2 2023 over the past five years.
- On a year-over-year basis, Debt Ratio rose in five of the last eight quarters, with growth averaging 5.7%.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 46.2% in Q1 2026, against a decline of 41.3% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.20 (Q1 2026), 0.18 (Q4 2025) and 0.14 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 0.09 |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 0.17 |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 0.00 |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 0.20 |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 0.21 |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 0.19 |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 0.25 |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 17.84 |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | - |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 0.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.17 |
| Mar 31, 2026 | 0.20 |
| Dec 31, 2025 | 0.18 |
| Sep 30, 2025 | 0.14 |
| Jun 30, 2025 | 0.20 |
| Mar 31, 2025 | 0.14 |
| Dec 31, 2024 | 0.17 |
| Sep 30, 2024 | 0.12 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.13 |
| Dec 31, 2023 | 0.20 |
| Sep 30, 2023 | 0.12 |
| Jun 30, 2023 | 0.20 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | 0.19 |
| Sep 30, 2022 | 0.13 |
| Jun 30, 2022 | 0.12 |
| Mar 31, 2022 | 0.13 |
| Dec 31, 2021 | 0.20 |
| Sep 30, 2021 | 0.17 |
API Access
Shell Debt Ratio 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=debt-ratio&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "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=debt-ratio&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();