Shell (SHEL) Market Capitalization (2010 - 2026)
Shell (SHEL) recorded Market Capitalization of $270.38 billion in Q3 2026, up 24.3% from $217.6 billion a year earlier and up 22.6% from the prior quarter.
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Analysis
Shell (SHEL) Market Capitalization (2010 - 2026) Analysis & Trends
For FY2025, Shell reported Market Capitalization of $209.05 billion, up 9.7% from FY2024.
- Annual Market Capitalization has a five-year compound annual growth rate of 8.8% (FY2020 to FY2025).
- Across earlier years, Market Capitalization came in at $190.59 billion in FY2024 (-10.7%), $213.4 billion in FY2023 (+7.5%), $198.49 billion in FY2022 (+17.8%) and $168.43 billion in FY2021 (+23.0%).
- The Q3 2026 figure is the highest quarterly Market Capitalization since Q4 2019.
- On a year-over-year basis, Market Capitalization has increased for five consecutive quarters, with growth averaging 5.1% over the last eight quarters.
- Peak year-over-year performance for Market Capitalization in the last five years was growth of 39.5% in Q1 2022, against a decline of 10.7% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $220.6 billion (Q2 2026), $264.58 billion (Q1 2026) and $209.05 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 678.46 Bn | 636.61 Bn | - |
| 2 | Shell | 572.35 Bn | 454.96 Bn | - |
| 3 | Chevron | 410.31 Bn | 377.35 Bn | 31.26 Bn |
| 4 | TotalEnergies SE | 190.98 Bn | 74.26 Bn | - |
| 5 | Eni Spa | 166.41 Bn | 117.77 Bn | - |
| 6 | Conocophillips | 163.94 Bn | 136.65 Bn | 12.81 Bn |
| 7 | Equinor Asa | 104.52 Bn | 35.38 Bn | 12.28 Bn |
| 8 | Canadian Natural Resources | 100.46 Bn | 98.53 Bn | - |
| 9 | Phillips 66 | 99.08 Bn | 82.87 Bn | 10.69 Bn |
| 10 | Suncor Energy | 82.03 Bn | 74.17 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 270.38 Bn |
| Jun 30, 2026 | 220.60 Bn |
| Mar 31, 2026 | 264.58 Bn |
| Dec 31, 2025 | 209.05 Bn |
| Sep 30, 2025 | 217.60 Bn |
| Jun 30, 2025 | 214.20 Bn |
| Mar 31, 2025 | 222.93 Bn |
| Dec 31, 2024 | 190.59 Bn |
| Sep 30, 2024 | 213.89 Bn |
| Jun 30, 2024 | 234.09 Bn |
| Mar 31, 2024 | 217.42 Bn |
| Dec 31, 2023 | 213.40 Bn |
| Sep 30, 2023 | 224.39 Bn |
| Jun 30, 2023 | 210.45 Bn |
| Mar 31, 2023 | 200.55 Bn |
| Dec 31, 2022 | 198.49 Bn |
| Sep 30, 2022 | 193.11 Bn |
| Jun 30, 2022 | 202.93 Bn |
| Mar 31, 2022 | 213.18 Bn |
| Dec 31, 2021 | 168.43 Bn |
API Access
Shell Market Capitalization 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=market-capitalization&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();