Shell (SHEL) Common Equity (2009 - 2026)
Shell (SHEL) posted Common Equity of $181.78 billion for Q2 2026, down 0.7% from $183.09 billion a year earlier but up 4.1% from the prior quarter.
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Analysis
Shell (SHEL) Common Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Shell's Common Equity came in at $175.32 billion, down 2.7% from FY2024.
- Annual Common Equity has declined for three consecutive years, though with a five-year compound annual growth rate of 2.0% (FY2020 to FY2025).
- In prior years, Shell's Common Equity was $180.17 billion in FY2024 (-3.5%), $186.61 billion in FY2023 (-2.0%), $190.47 billion in FY2022 (+8.6%) and $175.33 billion in FY2021 (+10.6%).
- Quarterly Common Equity has run from a low of $166.68 billion in Q3 2021 to a high of $195.53 billion in Q1 2023 over five years.
- On a year-over-year basis, Common Equity has declined in each of the last 11 quarters, with an average decline of 3.1% over the last eight quarters.
- The strongest year-over-year quarter for Common Equity in the past five years was Q4 2021, with growth of 10.6%; the weakest was Q3 2025, with a decline of 6.2%.
- According to Business Quant data, Common Equity for the three prior quarters was $174.6 billion (Q1 2026), $175.32 billion (Q4 2025) and $177.82 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 779.83 Bn | 736.31 Bn | - | 266.11 Bn |
| 2 | Chevron | 463.69 Bn | 435.81 Bn | 33.45 Bn | 195.56 Bn |
| 3 | Shell | 319.66 Bn | 179.93 Bn | - | 198.44 Bn |
| 4 | TotalEnergies SE | 208.05 Bn | 79.13 Bn | 31,614.00 | 136.97 Bn |
| 5 | Conocophillips | 186.47 Bn | 159.17 Bn | 12.81 Bn | 65.35 Bn |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 44.91 Bn |
| 7 | Canadian Natural Resources | 117.10 Bn | 114.11 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 111.73 Bn | 95.51 Bn | 10.69 Bn | 35.50 Bn |
| 9 | Suncor Energy | 96.42 Bn | 82.16 Bn | - | 48.16 Bn |
| 10 | Eni Spa | 91.57 Bn | 31.21 Bn | - | 65.37 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 198.44 Bn |
| Jun 30, 2026 | 180.79 Bn |
| Mar 31, 2026 | 173.58 Bn |
| Dec 31, 2025 | 174.39 Bn |
| Sep 30, 2025 | 177.82 Bn |
| Jun 30, 2025 | 181.14 Bn |
| Mar 31, 2025 | 180.67 Bn |
| Dec 31, 2024 | 178.31 Bn |
| Sep 30, 2024 | 189.54 Bn |
| Jun 30, 2024 | 185.41 Bn |
| Mar 31, 2024 | 188.30 Bn |
| Dec 31, 2023 | 186.61 Bn |
| Sep 30, 2023 | 191.20 Bn |
| Jun 30, 2023 | 190.46 Bn |
| Mar 31, 2023 | 193.32 Bn |
| Dec 31, 2022 | 190.47 Bn |
| Sep 30, 2022 | 186.52 Bn |
| Jun 30, 2022 | 190.50 Bn |
| Mar 31, 2022 | 176.00 Bn |
| Dec 31, 2021 | 171.97 Bn |
API Access
Shell Common Equity 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=common-equity&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();