Shell (SHEL) FCF Payout Ratio (2009 - 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.
Shell (SHEL) FCF Payout Ratio (2009 - 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 0.00 |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 1.94 |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -0.10 |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | -0.54 |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 2.74 |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | -0.08 |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | -0.20 |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 1.25 |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 0.32 |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.74 |
| Mar 31, 2026 | 2.25 |
| Dec 31, 2025 | 1.05 |
| Sep 30, 2025 | 1.93 |
| Jun 30, 2025 | 1.84 |
| Mar 31, 2025 | 2.65 |
| Dec 31, 2024 | 1.08 |
| Sep 30, 2024 | 2.15 |
| Jun 30, 2024 | 2.09 |
| Mar 31, 2024 | 2.24 |
| Dec 31, 2023 | 1.10 |
| Sep 30, 2023 | 2.39 |
| Jun 30, 2023 | 2.23 |
| Mar 31, 2023 | 2.04 |
| Dec 31, 2022 | 0.91 |
| Sep 30, 2022 | 2.02 |
| Jun 30, 2022 | 1.54 |
| Mar 31, 2022 | 2.01 |
| Dec 31, 2021 | 1.27 |
| Sep 30, 2021 | 1.84 |