Shell (SHEL) Goodwill (2011 - 2026)
Shell (SHEL) recorded Goodwill of $14.97 billion in Q2 2026, down 8.3% from $16.33 billion a year earlier and down 1.4% from the prior quarter.
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Analysis
Shell (SHEL) Goodwill (2011 - 2026) Analysis & Trends
At the end of FY2025, Shell reported Goodwill of $15.66 billion, down 2.3% from FY2024.
- Annual Goodwill has a five-year compound annual growth rate of 2.2% (FY2020 to FY2025).
- Across earlier years, Goodwill came in at $16.03 billion in FY2024 (-4.0%), $16.7 billion in FY2023 (+4.1%), $16.04 billion in FY2022 (+7.5%) and $14.92 billion in FY2021 (+6.3%).
- The Q2 2026 figure is the lowest quarterly Goodwill since Q1 2023.
- On a year-over-year basis, Goodwill has declined for nine consecutive quarters, with an average decline of 4.0% over the last eight quarters.
- Peak year-over-year performance for Goodwill in the last five years was growth of 7.5% in Q4 2022, against a decline of 8.3% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $15.19 billion (Q1 2026), $15.66 billion (Q4 2025) and $16.03 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.97 Bn |
| Mar 31, 2026 | 15.19 Bn |
| Dec 31, 2025 | 15.66 Bn |
| Sep 30, 2025 | 16.03 Bn |
| Jun 30, 2025 | 16.33 Bn |
| Mar 31, 2025 | 16.07 Bn |
| Dec 31, 2024 | 16.03 Bn |
| Sep 30, 2024 | 16.60 Bn |
| Jun 30, 2024 | 16.54 Bn |
| Mar 31, 2024 | 16.55 Bn |
| Dec 31, 2023 | 16.70 Bn |
| Sep 30, 2023 | 17.35 Bn |
| Jun 30, 2023 | 17.66 Bn |
| Mar 31, 2023 | 1.46 Bn |
| Dec 31, 2022 | 16.04 Bn |
| Dec 31, 2021 | 14.92 Bn |
| Dec 31, 2020 | 14.04 Bn |
| Dec 31, 2019 | 5.97 Bn |
| Dec 31, 2018 | 6.01 Bn |
| Dec 31, 2017 | 6.01 Bn |
API Access
Shell Goodwill 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=goodwill&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();