Shell (SHEL) Income from Non-Controlling Interests (2009 - 2026)
Shell (SHEL) reported Income from Non-Controlling Interests of -$16 million for Q2 2026, compared with $43 million a year earlier.
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Analysis
Shell (SHEL) Income from Non-Controlling Interests (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Shell's Income from Non-Controlling Interests came in at $298 million, down 20.5% year-over-year; for FY2025, it came in at $423 million, down 0.9% from FY2024.
- Income from Non-Controlling Interests has a five-year compound annual growth rate of 23.7% (FY2020 to FY2025).
- By year, Income from Non-Controlling Interests came in at $427 million in FY2024 (+54.2%), $277 million in FY2023 (-51.0%), $565 million in FY2022 (+6.8%) and $529 million in FY2021 (+262.3%).
- The Q2 2026 figure ranks as the lowest quarterly Income from Non-Controlling Interests since Q1 2016.
- Year over year, Income from Non-Controlling Interests gained in three of the last seven quarters, with growth averaging 23.0%.
- The high point for year-over-year Income from Non-Controlling Interests in five years was Q2 2024 (growth of 565.0%); the low point was Q2 2025 (a decline of 67.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $64 million (Q1 2026), $110 million (Q4 2025) and $140 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inc. Minority (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 356.00 Mn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | -16.00 Mn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 142.00 Mn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 37.00 |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 66.25 Mn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | - |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 32.00 Mn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | -12.00 Mn |
| 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 | -16.00 Mn |
| Mar 31, 2026 | 64.00 Mn |
| Dec 31, 2025 | 51.00 Mn |
| Sep 30, 2025 | 98.00 Mn |
| Jun 30, 2025 | 43.00 Mn |
| Mar 31, 2025 | 95.00 Mn |
| Dec 31, 2024 | 113.00 Mn |
| Sep 30, 2024 | 126.00 Mn |
| Jun 30, 2024 | 133.00 Mn |
| Mar 31, 2024 | 70.00 Mn |
| Dec 31, 2023 | -11.00 Mn |
| Sep 30, 2023 | 77.00 Mn |
| Jun 30, 2023 | 20.00 Mn |
| Mar 31, 2023 | 64.00 Mn |
| Dec 31, 2022 | 73.00 Mn |
| Sep 30, 2022 | 165.00 Mn |
| Jun 30, 2022 | 198.00 Mn |
| Mar 31, 2022 | -114.00 Mn |
| Dec 31, 2021 | -117.00 Mn |
| Sep 30, 2021 | -112.00 Mn |
API Access
Shell Income from Non-Controlling Interests 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=income-from-non-controlling-interests&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-from-non-controlling-interests", "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=income-from-non-controlling-interests&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();