Shell (SHEL) Invested Capital (2009 - 2026)
Shell (SHEL) reported Invested Capital of $184.7 billion for Q1 2026, down 3.85% on a YoY basis from $192.1 billion in Q1 2025, and down 36.55% quarter-over-quarter from $291.0 billion in Q4 2025.
Shell (SHEL) Invested Capital (2009 - 2026) Analysis & Trends
Shell has reported Invested Capital for 18 years, with the latest figure at $184.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital fell 3.85% year-over-year to $184.7 billion; the trailing twelve-month figure through Mar 2026 stood at $184.7 billion (down 3.85% YoY), and the FY2025 full-year result was $291.0 billion, up 13.96% from the prior year.
- Invested Capital for Q1 2026 stood at $184.7 billion, down from $291.0 billion in the prior quarter.
- The five-year high for Invested Capital was $291.0 billion in Q4 2025, with the low at $184.7 billion in Q1 2026.
- Historically, Invested Capital has averaged $214.3 billion across 5 years, with a median of $200.8 billion in 2022.
- The largest YoY upside for Invested Capital was 13.96% in 2025 against a maximum downside of 6.8% in 2025.
- Shell's Invested Capital stood at $274.3 billion in 2022, then decreased by 2.23% to $268.1 billion in 2023, then retreated by 4.76% to $255.4 billion in 2024, then gained by 13.96% to $291.0 billion in 2025, then slumped by 36.55% to $184.7 billion in 2026.
- The last three Invested Capital figures came in at $184.7 billion (Q1 2026), $291.0 billion (Q4 2025), and $187.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | - |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 268.91 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 12,582.00 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | 184.66 Bn |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 228.97 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 23.71 Bn |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 3.13 Bn |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | - |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 713.89 Mn |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 16.60 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 184.66 Bn |
| Dec 31, 2025 | 291.03 Bn |
| Sep 30, 2025 | 187.84 Bn |
| Jun 30, 2025 | 193.55 Bn |
| Mar 31, 2025 | 192.06 Bn |
| Dec 31, 2024 | 255.39 Bn |
| Sep 30, 2024 | 201.55 Bn |
| Jun 30, 2024 | 198.04 Bn |
| Mar 31, 2024 | 199.35 Bn |
| Dec 31, 2023 | 268.15 Bn |
| Sep 30, 2023 | 203.06 Bn |
| Jun 30, 2023 | 204.21 Bn |
| Mar 31, 2023 | 204.57 Bn |
| Dec 31, 2022 | 274.27 Bn |
| Sep 30, 2022 | 198.28 Bn |
| Jun 30, 2022 | 200.82 Bn |
| Mar 31, 2022 | 186.56 Bn |
| Dec 31, 2021 | 261.05 Bn |
| Sep 30, 2021 | 177.37 Bn |
| Jun 30, 2021 | 184.29 Bn |