Shell (SHEL) EBT Margin (2009 - 2026)
Shell's EBT Margin was 16.64% in Q2 2026, up 7.51 percentage points from 9.14% a year earlier and up 3.26 percentage points from the prior quarter.
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Analysis
Shell (SHEL) EBT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shell's EBT Margin was 13.38% through Jun 30, 2026, up 1.53 percentage points year-over-year; for FY2025, it was 1469.43%, up 1458.91 percentage points from FY2024.
- EBT Margin shows a five-year change of +1484.37 percentage points (FY2020 to FY2025).
- In earlier years, EBT Margin was 10.52% in FY2024 (+0.22 pp), 10.30% in FY2023 (-6.69 pp), 17.00% in FY2022 (+5.59 pp) and 11.41% in FY2021 (+26.34 pp).
- The Q2 2026 figure marks the highest quarterly EBT Margin in data going back to Q1 2009.
- Compared with a year earlier, EBT Margin was higher in two of the last four quarters, with an average year-over-year change of +1.21 percentage points.
- The best year-over-year quarter for EBT Margin over five years was Q2 2026 (a gain of 7.51 percentage points); the worst was Q1 2025 (a drop of 2.30 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 16.74% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 16.64% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 23.84% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 24.82% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 17.58% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 31.15% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 9.55% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 37.04% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 24.73% |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 26.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.64% |
| Mar 31, 2026 | 13.38% |
| Jun 30, 2025 | 9.14% |
| Mar 31, 2025 | 12.94% |
| Dec 31, 2024 | 6.34% |
| Jun 30, 2024 | 9.94% |
| Mar 31, 2024 | 15.24% |
| Jun 30, 2023 | 7.17% |
| Mar 31, 2023 | 16.51% |
| Jun 30, 2022 | 26.14% |
| Mar 31, 2022 | 12.80% |
| Jun 30, 2021 | 6.82% |
| Mar 31, 2021 | 14.80% |
| Jun 30, 2020 | -73.55% |
| Mar 31, 2020 | 1.04% |
| Jun 30, 2019 | -72.40% |
| Mar 31, 2019 | -63.49% |
| Dec 31, 2018 | 6.72% |
| Sep 30, 2018 | 9.72% |
| Jun 30, 2018 | 9.93% |
API Access
Shell EBT Margin 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=ebt-margin&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();