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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 152,761.90% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 2.63% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -3.19% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 7.11% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 12.08% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 35.09% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 23.03% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 2.26% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 11.60% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 37.71% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.08% |
| Mar 31, 2026 | 14.73% |
| Jun 30, 2025 | 27.14% |
| Mar 31, 2025 | 19.44% |
| Dec 31, 2024 | 54.39% |
| Jun 30, 2024 | 24.48% |
| Mar 31, 2024 | 24.59% |
| Jun 30, 2023 | 27.17% |
| Mar 31, 2023 | 23.76% |
| Dec 31, 2022 | 11.51% |
| Sep 30, 2022 | -9.69% |
| Jun 30, 2022 | 25.32% |
| Mar 31, 2022 | 22.63% |
| Dec 31, 2021 | 1,429.20% |
| Sep 30, 2021 | 633.75% |
| Jun 30, 2021 | 27.84% |
| Mar 31, 2021 | 21.88% |
| Dec 31, 2020 | 3,211.51% |
| Sep 30, 2020 | 405.12% |
| Jun 30, 2020 | 18.46% |