Shell (SHEL) EBITDA (2009 - 2026)
Shell (SHEL) reported EBITDA of $3.5 billion for Q1 2026, up 89.62% on a YoY basis from $1.9 billion in Q1 2025, and up 120.95% quarter-over-quarter from $1.6 billion in Q4 2025.
Shell (SHEL) EBITDA (2009 - 2026) Analysis & Trends
Shell has reported EBITDA for 18 years, with the latest figure at $3.5 billion in Q1 2026.
- For the quarter ending Q1 2026, EBITDA rose 89.62% year-over-year to $3.5 billion; the trailing twelve-month figure through Mar 2026 stood at $73.9 billion (up 7.54% YoY), and the FY2025 full-year result was $1.6 billion, up 101.01% from the prior year.
- EBITDA for Q1 2026 stood at $3.5 billion, up from $1.6 billion in the prior quarter.
- The five-year high for EBITDA was $368.5 billion in Q4 2022, with the low at -$10.7 billion in Q3 2022.
- Historically, EBITDA has averaged $46.9 billion across 5 years, with a median of $23.4 billion in 2024.
- The largest YoY upside for EBITDA was 49835.23% in 2022 against a maximum downside of 4359.44% in 2022.
- Shell's EBITDA stood at $368.5 billion in 2022, then tumbled by 99.4% to $2.2 billion in 2023, then soared by 1515.46% to $35.6 billion in 2024, then plunged by 95.5% to $1.6 billion in 2025, then jumped by 120.95% to $3.5 billion in 2026.
- The last three EBITDA figures came in at $3.5 billion (Q1 2026), $1.6 billion (Q4 2025), and $8.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 11.35 Bn |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 7.26 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 12.55 Bn |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | 3.54 Bn |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 12.67 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 1.33 Bn |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 825.38 Mn |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 8.49 Bn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 1.63 Bn |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 906.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.54 Bn |
| Dec 31, 2025 | 1.60 Bn |
| Sep 30, 2025 | 8.75 Bn |
| Jun 30, 2025 | 60.01 Bn |
| Mar 31, 2025 | 1.87 Bn |
| Dec 31, 2024 | 35.64 Bn |
| Sep 30, 2024 | 7.82 Bn |
| Jun 30, 2024 | 23.39 Bn |
| Mar 31, 2024 | 33.44 Bn |
| Dec 31, 2023 | 2.21 Bn |
| Sep 30, 2023 | 11.80 Bn |
| Jun 30, 2023 | 63.51 Bn |
| Mar 31, 2023 | 77.00 Bn |
| Dec 31, 2022 | 368.52 Bn |
| Sep 30, 2022 | -10.69 Bn |
| Jun 30, 2022 | 30.21 Bn |
| Mar 31, 2022 | 78.53 Bn |
| Dec 31, 2021 | 738.00 Mn |
| Sep 30, 2021 | 251.00 Mn |
| Jun 30, 2021 | -41.59 Bn |