Shell (SHEL) Interest Expenses (2009 - 2026)
Shell's Interest Expenses was $799 million in Q2 2026, up 55.1% from $515 million a year earlier but down 27.5% from the prior quarter.
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Analysis
Shell (SHEL) Interest Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Shell's Interest Expenses was $3.46 billion through Jun 30, 2026, up 46.2% year-over-year; for FY2025, it was $2.71 billion, up 12.4% from FY2024.
- Interest Expenses has now increased for three consecutive years, though with a five-year compound annual growth rate of -3.9% (FY2020 to FY2025).
- In earlier years, Interest Expenses was $2.42 billion in FY2024 (+2.3%), $2.36 billion in FY2023 (+10.5%), $2.14 billion in FY2022 (-31.0%) and $3.1 billion in FY2021 (-6.6%).
- Quarterly Interest Expenses has moved between $513 million (Q3 2023) and $1.1 billion (Q1 2026) over five years.
- Compared with a year earlier, Interest Expenses has increased for four straight quarters, with growth averaging 25.8% over the last eight quarters.
- The best year-over-year quarter for Interest Expenses over five years was Q1 2026 (growth of 73.3%); the worst was Q4 2022 (a decline of 27.2%).
- Per Business Quant data, SHEL's Interest Expenses in the three quarters before Q2 2026 was $1.1 billion (Q1 2026), $741 million (Q4 2025) and $822 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 227.00 Mn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 1.11 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 352.00 Mn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | -572.00 |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | -2.40 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 182.00 Mn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 314.00 Mn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | - |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 172.06 Mn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.11 Bn |
| Mar 31, 2026 | 1.47 Bn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | 1.12 Bn |
| Jun 30, 2024 | 1.24 Bn |
| Mar 31, 2024 | 1.16 Bn |
| Jun 30, 2023 | 1.21 Bn |
| Mar 31, 2023 | 1.17 Bn |
| Jun 30, 2022 | 695.00 Mn |
| Mar 31, 2022 | 711.00 Mn |
| Jun 30, 2021 | 893.00 Mn |
| Mar 31, 2021 | 892.00 Mn |
| Jun 30, 2020 | 1.07 Bn |
| Mar 31, 2020 | 1.12 Bn |
| Jun 30, 2019 | 1.25 Bn |
| Mar 31, 2019 | 1.16 Bn |
| Dec 31, 2018 | 971.00 Mn |
| Sep 30, 2018 | 664.94 Mn |
| Jun 30, 2018 | 929.00 Mn |
| Mar 31, 2018 | 936.00 Mn |
API Access
Shell Interest Expenses 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=interest-expenses&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();