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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | -6,572.32 Bn |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | -1.82 Bn |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 329.00 Mn |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | -9.84 Bn |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | -39.87 Bn |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | -9.26 Bn |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | -2.39 Bn |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | -750.35 Mn |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | -31.72 Bn |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | -1.69 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -39.87 Bn |
| Mar 31, 2026 | -33.19 Bn |
| Dec 31, 2025 | -38.40 Bn |
| Sep 30, 2025 | 25.95 Bn |
| Jun 30, 2025 | 25.19 Bn |
| Mar 31, 2025 | 28.52 Bn |
| Dec 31, 2024 | -46.92 Bn |
| Sep 30, 2024 | 33.88 Bn |
| Jun 30, 2024 | -48.09 Bn |
| Mar 31, 2024 | -50.94 Bn |
| Dec 31, 2023 | -52.12 Bn |
| Sep 30, 2023 | 30.05 Bn |
| Jun 30, 2023 | -59.08 Bn |
| Mar 31, 2023 | -58.01 Bn |
| Dec 31, 2022 | -62.56 Bn |
| Sep 30, 2022 | 7.68 Bn |
| Jun 30, 2022 | -64.05 Bn |
| Mar 31, 2022 | -61.32 Bn |
| Dec 31, 2021 | -44.98 Bn |
| Sep 30, 2021 | 15.25 Bn |