Shell (SHEL) Inventory (2009 - 2026)
Shell's Inventory was $26.64 billion in Q2 2026, up 14.4% from $23.28 billion a year earlier but down 7.2% from the prior quarter.
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Analysis
Shell (SHEL) Inventory (2009 - 2026) Analysis & Trends
At the end of FY2025, Inventory at Shell came in at $22.22 billion, down 5.2% from FY2024.
- Inventory has now declined for three consecutive years, though with a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- In earlier years, Inventory was $23.43 billion in FY2024 (-10.0%), $26.02 billion in FY2023 (-18.4%), $31.89 billion in FY2022 (+26.3%) and $25.26 billion in FY2021 (+29.8%).
- Quarterly Inventory has moved between $22.22 billion (Q4 2025) and $31.89 billion (Q4 2022) over five years.
- Compared with a year earlier, Inventory was higher in two of the last eight quarters, with an average decline of 3.3%.
- The best year-over-year quarter for Inventory over five years was Q3 2021 (growth of 42.1%); the worst was Q3 2024 (a decline of 20.1%).
- Per Business Quant data, SHEL's Inventory in the three quarters before Q2 2026 was $28.7 billion (Q1 2026), $22.22 billion (Q4 2025) and $22.91 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 22.36 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 26.64 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 10.52 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 21.37 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 7.45 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 1.88 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 5.92 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 2.92 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 2.02 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 6.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.64 Bn |
| Mar 31, 2026 | 28.70 Bn |
| Dec 31, 2025 | 22.22 Bn |
| Sep 30, 2025 | 22.91 Bn |
| Jun 30, 2025 | 23.28 Bn |
| Mar 31, 2025 | 22.98 Bn |
| Dec 31, 2024 | 23.43 Bn |
| Sep 30, 2024 | 24.14 Bn |
| Jun 30, 2024 | 26.45 Bn |
| Mar 31, 2024 | 26.47 Bn |
| Dec 31, 2023 | 26.02 Bn |
| Sep 30, 2023 | 30.23 Bn |
| Jun 30, 2023 | 26.98 Bn |
| Mar 31, 2023 | 28.58 Bn |
| Dec 31, 2022 | 31.89 Bn |
| Sep 30, 2022 | 34.72 Bn |
| Jun 30, 2022 | 36.09 Bn |
| Mar 31, 2022 | 30.01 Bn |
| Dec 31, 2021 | 25.26 Bn |
| Sep 30, 2021 | 24.60 Bn |
API Access
Shell Inventory 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=inventory&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "inventory", "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=inventory&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();