Shell (SHEL) Enterprise Value (2010 - 2026)
Shell (SHEL) posted Enterprise Value of $235.04 billion for Q3 2026, down 7.0% from $252.65 billion a year earlier but up 30.0% from the prior quarter.
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Analysis
Shell (SHEL) Enterprise Value (2010 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Enterprise Value at Shell was $131.73 billion, up 4.4% year-over-year; for FY2025, it was $170.64 billion, up 18.8% from FY2024.
- Annual Enterprise Value shows a five-year compound annual growth rate of 9.5% (FY2020 to FY2025).
- In prior years, Shell's Enterprise Value was $143.67 billion in FY2024 (-18.5%), $176.38 billion in FY2023 (+10.0%), $160.37 billion in FY2022 (+19.0%) and $134.82 billion in FY2021 (+24.4%).
- Quarterly Enterprise Value has run from a low of $134.82 billion in Q4 2021 to a high of $258 billion in Q3 2024 over five years.
- On a year-over-year basis, Enterprise Value increased in four of the last eight quarters, with growth averaging 2.1%.
- The strongest year-over-year quarter for Enterprise Value in the past five years was Q1 2022, with growth of 42.6%; the weakest was Q4 2024, with a decline of 18.5%.
- According to Business Quant data, Enterprise Value for the three prior quarters was $180.73 billion (Q2 2026), $242.48 billion (Q1 2026) and $170.64 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 682.73 Bn | 640.87 Bn | - |
| 2 | Chevron | 412.78 Bn | 379.83 Bn | 31.26 Bn |
| 3 | Shell | 290.86 Bn | 151.13 Bn | - |
| 4 | TotalEnergies SE | 192.45 Bn | 63.53 Bn | 31,614.00 |
| 5 | Eni Spa | 168.57 Bn | 108.20 Bn | - |
| 6 | Conocophillips | 163.59 Bn | 136.29 Bn | 12.81 Bn |
| 7 | Equinor Asa | 106.61 Bn | 19.46 Bn | 4.49 Bn |
| 8 | Canadian Natural Resources | 100.53 Bn | 94.43 Bn | 9.35 Bn |
| 9 | Phillips 66 | 100.43 Bn | 84.22 Bn | 10.69 Bn |
| 10 | Suncor Energy | 82.15 Bn | 62.84 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 235.04 Bn |
| Jun 30, 2026 | 180.73 Bn |
| Mar 31, 2026 | 242.48 Bn |
| Dec 31, 2025 | 170.64 Bn |
| Sep 30, 2025 | 252.65 Bn |
| Jun 30, 2025 | 174.02 Bn |
| Mar 31, 2025 | 189.18 Bn |
| Dec 31, 2024 | 143.67 Bn |
| Sep 30, 2024 | 258.00 Bn |
| Jun 30, 2024 | 197.73 Bn |
| Mar 31, 2024 | 179.21 Bn |
| Dec 31, 2023 | 176.38 Bn |
| Sep 30, 2023 | 183.10 Bn |
| Jun 30, 2023 | 166.99 Bn |
| Mar 31, 2023 | 160.69 Bn |
| Dec 31, 2022 | 160.37 Bn |
| Sep 30, 2022 | 160.85 Bn |
| Jun 30, 2022 | 167.76 Bn |
| Mar 31, 2022 | 178.35 Bn |
| Dec 31, 2021 | 134.82 Bn |
API Access
Shell Enterprise Value 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=enterprise-value&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();