Shell (SHEL) Enterprise Value (2009 - 2026)
Shell's (SHEL) quarterly Enterprise Value came in at -$39.9 billion in Q2 2026, down 258.26% YoY from $25.2 billion in Q2 2025, and down 20.13% on a QoQ basis from -$33.2 billion in Q1 2026.
Analysis
Shell (SHEL) Enterprise Value (2009 - 2026) Analysis & Trends
Shell (SHEL) has 18 years of Enterprise Value data on file, last reported at -$39.9 billion in Q2 2026.
- Quarterly Enterprise Value fell 258.26% year-over-year to -$39.9 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$39.9 billion (down 258.26% YoY) and the FY2025 annual result came in at -$38.4 billion, up 18.16% from the prior year.
- Enterprise Value declined to -$39.9 billion in Q2 2026, from -$33.2 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of $33.9 billion in Q3 2024 to a low of -$64.1 billion in Q2 2022.
- A 5-year average of -$25.7 billion and a median of -$43.4 billion in 2024 frame the typical range for Enterprise Value.
- Annual changes were most pronounced in 2023 — Enterprise Value surged 291.2% — and 2026, when it sank 258.26%.
- Tracing SHEL's Enterprise Value over 5 years: stood at -$62.6 billion in 2022, then advanced by 16.69% to -$52.1 billion in 2023, then climbed by 9.97% to -$46.9 billion in 2024, then rose by 18.16% to -$38.4 billion in 2025, then declined by 3.81% to -$39.9 billion in 2026.
- The last three Enterprise Value figures came in at -$39.9 billion (Q2 2026), -$33.2 billion (Q1 2026), and -$38.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | -39.87 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | -2.86 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | -29.17 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | -9.85 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | -9.26 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | -3.88 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | -2.05 Bn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | -2.48 Bn |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | -3,041.05 Bn |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | -2.21 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -39.87 Bn |
| Mar 31, 2026 | -33.19 Bn |
| Dec 31, 2025 | -25.21 Bn |
| Sep 30, 2025 | 25.95 Bn |
| Jun 30, 2025 | -40.17 Bn |
| Mar 31, 2025 | -42.69 Bn |
| Dec 31, 2024 | -30.68 Bn |
| Sep 30, 2024 | 33.88 Bn |
| Jun 30, 2024 | -48.09 Bn |
| Mar 31, 2024 | -50.94 Bn |
| Dec 31, 2023 | -33.93 Bn |
| Sep 30, 2023 | -56.01 Bn |
| Jun 30, 2023 | -59.08 Bn |
| Mar 31, 2023 | -58.01 Bn |
| Dec 31, 2022 | -41.10 Bn |
| Sep 30, 2022 | -64.27 Bn |
| Jun 30, 2022 | -64.05 Bn |
| Mar 31, 2022 | -61.32 Bn |
| Dec 31, 2021 | -36.37 Bn |
| Sep 30, 2021 | -60.90 Bn |