Shell (SHEL) Debt to Equity (2009 - 2026)

Shell has reported Debt to Equity for 15 years, with the latest figure at $0.43 in Q1 2026.

• For the quarter ending Q1 2026, Debt to Equity rose 2.3% year-over-year to $0.43; the trailing twelve-month figure through Mar 2026 stood at $0.43 (up 2.3% YoY), and the FY2025 full-year result was $0.43, changed 0.19% from the prior year.
• Debt to Equity for Q1 2026 stood at $0.43, roughly flat from $0.43 in the prior quarter.
• The five-year high for Debt to Equity was $0.48 in Q1 2022, with the low at $0.4 in Q2 2024.
• Historically, Debt to Equity has averaged $0.43 across 5 years, with a median of $0.43 in 2022.
• Annual changes were most pronounced in 2022 — Debt to Equity decreased 26.25% — and 2025, when it climbed 2.92%.
• Shell's Debt to Equity stood at $0.44 in 2022, then decreased by 0.67% to $0.44 in 2023, then dropped by 1.07% to $0.43 in 2024, then declined by 0.19% to $0.43 in 2025, then grew by 0.41% to $0.43 in 2026.
• The last three Debt to Equity figures came in at $0.43 (Q1 2026), $0.43 (Q4 2025), and $0.42 (Q3 2025), per Business Quant data.