Shell SHEL
NYSE SHEL
$90.91 +0.21 (+0.23%)
At close: Aug 28, 2026 · 4:00 PM EDT

Shell (SHEL) EBITDA Margin (2009 - 2026)

Shell's (SHEL) quarterly EBITDA Margin came in at 28.64% in Q2 2026, up 2941.0% YoY from 0.94% in Q2 2025, and up 2317.82% on a QoQ basis from 1.29% in Q1 2026.

Analysis

Shell (SHEL) EBITDA Margin (2009 - 2026) Analysis & Trends

Shell (SHEL) has 18 years of EBITDA Margin data on file, last reported at 28.64% in Q2 2026.

  • Quarterly EBITDA Margin rose 2941.0% year-over-year to 28.64% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 8.43% (up 915.0% YoY) and the FY2025 annual result came in at 30.23%, up 8497.0% from the prior year.
  • EBITDA Margin improved to 28.64% in Q2 2026, from 1.29% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 28.64% in Q2 2026 to a low of 43.5% in Q2 2022.
  • A 5-year average of 1.64% and a median of 0.57% in 2024 frame the typical range for EBITDA Margin.
  • Annual changes were most pronounced in 2022 — EBITDA Margin slumped 4284 bps — and 2023, when it jumped 4386 bps.
  • Tracing SHEL's EBITDA Margin over 5 years: stood at 0.02% in 2022, then surged by 1537 bps to 0.36% in 2023, then slumped by 259 bps to 0.57% in 2024, then slumped by 33 bps to 0.76% in 2025, then soared by 3847 bps to 28.64% in 2026.
  • The last three EBITDA Margin figures came in at 28.64% (Q2 2026), 1.29% (Q1 2026), and 0.76% (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Shell 517.27 Bn 477.40 Bn - 17.49%
2 Chevron 398.83 Bn 395.97 Bn 33.45 Bn -28.44%
3 TotalEnergies SE 190.54 Bn 161.37 Bn 23.46 Bn 10.68%
4 Eni Spa 166.18 Bn 156.34 Bn - 5.19%
5 Equinor Asa 103.49 Bn 94.23 Bn - 32.64%
6 Suncor Energy 78.09 Bn 74.21 Bn -8.45 Bn 132.01%
7 Imperial Oil 63.17 Bn 61.11 Bn - 17.89%
8 Cenovus Energy 59.48 Bn 57.00 Bn - 25.71%
9 Gas Transporter Of The South 21.19 Bn -3,019.86 Bn - -
10 Ypf Sociedad Anonima 19.74 Bn 17.54 Bn 2.97 Bn 27.58%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 17.49%
Mar 31, 2026 -1.29%
Jun 30, 2025 -0.76%
Mar 31, 2025 -0.72%
Dec 31, 2024 -0.57%
Jun 30, 2024 -2.28%
Mar 31, 2024 -0.51%
Jun 30, 2023 0.36%
Mar 31, 2023 0.09%
Sep 30, 2022 0.00%
Jun 30, 2022 26.70%
Mar 31, 2022 -0.65%
Jun 30, 2021 -0.66%
Mar 31, 2021 -1.20%
Jun 30, 2020 1.20%
Mar 31, 2020 -0.40%
Dec 31, 2019 -0.62%
Sep 30, 2019 -0.09%
Jun 30, 2019 -0.43%
Mar 31, 2019 -0.82%