Shell SHEL
NYSE SHEL
$90.91 +0.21 (+0.23%)
At close: Aug 28, 2026 · 4:00 PM EDT

Shell (SHEL) FCF Margin (2009 - 2026)

Shell's (SHEL) quarterly FCF Margin came in at 12.08% in Q2 2026, down 1506.0% YoY from 0.86% in Q2 2025, and down 17.95% on a QoQ basis from 14.73% in Q1 2026.

Analysis

Shell (SHEL) FCF Margin (2009 - 2026) Analysis & Trends

Shell (SHEL) has 18 years of FCF Margin data on file, last reported at 12.08% in Q2 2026.

  • Quarterly FCF Margin fell 1506.0% year-over-year to 12.08% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 23.42% (down 813.0% YoY) and the FY2025 annual result came in at 8.74%, down 340.0% from the prior year.
  • FCF Margin fell to 12.08% in Q2 2026, from 14.73% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 54.39% in Q4 2024 to a low of 9.69% in Q3 2022.
  • A 5-year average of 21.35% and a median of 23.76% in 2023 frame the typical range for FCF Margin.
  • Annual changes were most pronounced in 2022 — FCF Margin plunged 141769 bps — and 2025, when it surged 267 bps.
  • Tracing SHEL's FCF Margin over 5 years: stood at 11.51% in 2022, then jumped by 136 bps to 27.17% in 2023, then soared by 100 bps to 54.39% in 2024, then tumbled by 50 bps to 27.14% in 2025, then slumped by 55 bps to 12.08% in 2026.
  • The last three FCF Margin figures came in at 12.08% (Q2 2026), 14.73% (Q1 2026), and 27.14% (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Shell 517.27 Bn 477.40 Bn - 12.08%
2 Chevron 398.83 Bn 395.97 Bn 33.45 Bn 25.83%
3 TotalEnergies SE 190.54 Bn 161.37 Bn 23.46 Bn 6.85%
4 Eni Spa 166.18 Bn 156.34 Bn - 18.84%
5 Equinor Asa 103.49 Bn 94.23 Bn - 18.76%
6 Suncor Energy 78.09 Bn 74.21 Bn -8.45 Bn -68.88%
7 Imperial Oil 63.17 Bn 61.11 Bn - 13.54%
8 Cenovus Energy 59.48 Bn 57.00 Bn - -
9 Gas Transporter Of The South 21.19 Bn -3,019.86 Bn - -
10 Ypf Sociedad Anonima 19.74 Bn 17.54 Bn 2.97 Bn 53.22%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 12.08%
Mar 31, 2026 14.73%
Jun 30, 2025 27.14%
Mar 31, 2025 19.44%
Jun 30, 2024 24.48%
Mar 31, 2024 24.59%
Jun 30, 2023 27.17%
Mar 31, 2023 23.76%
Sep 30, 2022 0.00%
Jun 30, 2022 25.32%
Mar 31, 2022 22.63%
Jun 30, 2021 27.84%
Mar 31, 2021 21.88%
Jun 30, 2020 18.46%
Mar 31, 2020 31.84%
Dec 31, 2019 25.54%
Sep 30, 2019 21.07%
Jun 30, 2019 17.87%
Mar 31, 2019 16.42%
Dec 31, 2018 22.57%