Shell (SHEL) Depreciation & Amortization (CF) (2009 - 2026)
Shell (SHEL) posted Depreciation & Amortization (CF) of $6.41 billion for Q3 2026, down 3.0% from $6.61 billion a year earlier but up 3.7% from the prior quarter.
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Analysis
Shell (SHEL) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Depreciation & Amortization (CF) at Shell was $24.92 billion, down 5.0% year-over-year; for FY2025, it was $25.3 billion, down 5.9% from FY2024.
- Annual Depreciation & Amortization (CF) shows a five-year compound annual growth rate of -13.6% (FY2020 to FY2025).
- In prior years, Shell's Depreciation & Amortization (CF) was $26.87 billion in FY2024 (-14.1%), $31.29 billion in FY2023 (+68.9%), $18.53 billion in FY2022 (-31.2%) and $26.92 billion in FY2021 (-48.7%).
- Quarterly Depreciation & Amortization (CF) has run from a low of $5.44 billion in Q1 2025 to a high of $11.22 billion in Q4 2023 over five years.
- On a year-over-year basis, Depreciation & Amortization (CF) increased in two of the last eight quarters, with an average decline of 7.2%.
- The strongest year-over-year quarter for Depreciation & Amortization (CF) in the past five years was Q3 2025, with growth of 11.7%; the weakest was Q4 2024, with a decline of 33.0%.
- According to Business Quant data, Depreciation & Amortization (CF) for the three prior quarters was $6.18 billion (Q2 2026), $5.74 billion (Q1 2026) and $6.58 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 6.80 Bn |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 6.27 Bn |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 6.41 Bn |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 4.34 Bn |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 1.79 Bn |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 2.98 Bn |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 3.11 Bn |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | 1.46 Bn |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 591.00 Mn |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | 2.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.41 Bn |
| Jun 30, 2026 | 6.18 Bn |
| Mar 31, 2026 | 5.74 Bn |
| Dec 31, 2025 | 6.58 Bn |
| Sep 30, 2025 | 6.61 Bn |
| Jun 30, 2025 | 6.67 Bn |
| Mar 31, 2025 | 5.44 Bn |
| Dec 31, 2024 | 7.52 Bn |
| Sep 30, 2024 | 5.92 Bn |
| Jun 30, 2024 | 7.56 Bn |
| Mar 31, 2024 | 5.88 Bn |
| Dec 31, 2023 | 11.22 Bn |
| Sep 30, 2023 | 5.91 Bn |
| Jun 30, 2023 | 7.87 Bn |
| Mar 31, 2023 | 6.29 Bn |
| Sep 30, 2022 | 6.12 Bn |
| Jun 30, 2022 | -348.00 Mn |
| Mar 31, 2022 | 6.30 Bn |
| Dec 31, 2021 | 6.44 Bn |
| Sep 30, 2021 | 6.36 Bn |
API Access
Shell Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();