Shell (SHEL) FCF Payout Ratio (2017 - 2026)
Shell's (SHEL) quarterly FCF Payout Ratio came in at 2.74 in Q2 2026, up 48.99% YoY from 1.84 in Q2 2025, and up 21.78% on a QoQ basis from 2.25 in Q1 2026.
Powered by 
Analysis
Shell (SHEL) FCF Payout Ratio (2017 - 2026) Analysis & Trends
Shell (SHEL) has 18 years of FCF Payout Ratio data on file, last reported at 2.74 in Q2 2026.
- Quarterly FCF Payout Ratio rose 48.99% year-over-year to 2.74 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 1.72 (changed 0.31% YoY) and the FY2022 annual result came in at 0.16, down 36.02% from the prior year.
- FCF Payout Ratio advanced to 2.74 in Q2 2026, from 2.25 in the prior quarter.
- In the past five years, FCF Payout Ratio ranged from a high of 2.74 in Q2 2026 to a low of 0.91 in Q4 2022.
- A 5-year average of 1.9 and a median of 2.03 in 2023 frame the typical range for FCF Payout Ratio.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio declined 28.81% — and 2026, when it surged 48.99%.
- Tracing SHEL's FCF Payout Ratio over 5 years: stood at 0.91 in 2022, then rose by 21.53% to 1.1 in 2023, then fell by 1.55% to 1.08 in 2024, then fell by 3.48% to 1.05 in 2025, then jumped by 161.93% to 2.74 in 2026.
- The last three FCF Payout Ratio figures came in at 2.74 (Q2 2026), 2.25 (Q1 2026), and 1.05 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 0.19 |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 0.19 |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 0.49 |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | -0.18 |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | -0.15 |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | -0.10 |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 0.19 |
| 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 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.19 |
| Mar 31, 2026 | 0.20 |
| Jun 30, 2025 | 0.12 |
| Mar 31, 2025 | 0.16 |
| Jun 30, 2024 | 0.12 |
| Mar 31, 2024 | 0.12 |
| Jun 30, 2023 | 0.10 |
| Mar 31, 2023 | 0.10 |
| Jun 30, 2022 | 0.07 |
| Mar 31, 2022 | 0.10 |
| Jun 30, 2021 | 0.08 |
| Mar 31, 2021 | 0.11 |
| Jun 30, 2020 | 0.23 |
| Mar 31, 2020 | 0.18 |
| Jun 30, 2019 | 0.24 |
| Mar 31, 2019 | 0.28 |
| Dec 31, 2018 | 0.09 |
| Sep 30, 2018 | 0.22 |
| Jun 30, 2018 | 0.26 |
| Dec 31, 2017 | 0.10 |