Shell (SHEL) Dividend Coverage Ratio (2015 - 2025)
Shell's (SHEL) Dividend Coverage Ratio was 4.55 for Q2 2026, up 168.1% from 1.70 a year earlier and up 67.8% from the prior quarter.
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Analysis
Shell (SHEL) Dividend Coverage Ratio (2015 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shell's Dividend Coverage Ratio came in at 2.85, up 35.1% year-over-year; for FY2025, it was 2.07, up 15.4% from FY2024.
- By year, Dividend Coverage Ratio came in at 1.79 in FY2024 (-15.2%), 2.12 in FY2023 (-60.3%), 5.32 in FY2022 (+76.6%) and 3.01 in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Dividend Coverage Ratio in data going back to Q3 2017.
- Year over year, Dividend Coverage Ratio gained in three of the last four quarters, with growth averaging 40.7%.
- The high point for year-over-year Dividend Coverage Ratio in five years was Q2 2026 (growth of 168.1%); the low point was Q1 2025 (a decline of 34.1%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Yr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 703.82 Bn | 661.96 Bn | - | 1.67 |
| 2 | Chevron | 428.90 Bn | 401.02 Bn | 33.45 Bn | 0.96 |
| 3 | Shell | 299.49 Bn | 159.76 Bn | - | 2.07 |
| 4 | TotalEnergies SE | 197.55 Bn | 68.63 Bn | 31,614.00 | 1.55 |
| 5 | Eni Spa | 171.17 Bn | 110.80 Bn | - | 0.85 |
| 6 | Conocophillips | 166.55 Bn | 139.25 Bn | 12.81 Bn | 2.00 |
| 7 | Equinor Asa | 111.97 Bn | 24.82 Bn | 4.49 Bn | 1.05 |
| 8 | Canadian Natural Resources | 103.54 Bn | 100.55 Bn | 8.84 Bn | 2.22 |
| 9 | Phillips 66 | 100.98 Bn | 84.77 Bn | 10.69 Bn | 2.29 |
| 10 | Suncor Energy | 86.65 Bn | 67.34 Bn | - | 2.25 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 2.07 |
| Dec 31, 2024 | 1.79 |
| Dec 31, 2023 | 2.12 |
| Dec 31, 2022 | 5.32 |
| Jun 30, 2022 | 6.62 |
| Dec 31, 2021 | 3.01 |
| Dec 31, 2020 | -2.86 |
| Dec 31, 2019 | 1.01 |
| Dec 31, 2018 | 1.44 |
| Dec 31, 2017 | 0.81 |
| Dec 31, 2016 | -0.31 |
| Dec 31, 2015 | 0.70 |
API Access
Shell Dividend Coverage 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=dividend-coverage-ratio-annual&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio-annual", "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=dividend-coverage-ratio-annual&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();