Shell (SHEL) Minority Interest (2009 - 2026)
Shell's Minority Interest was $995 million in Q2 2026, down 49.0% from $1.95 billion a year earlier and down 2.3% from the prior quarter.
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Analysis
Shell (SHEL) Minority Interest (2009 - 2026) Analysis & Trends
At the end of FY2025, Minority Interest at Shell came in at $927 million, down 50.2% from FY2024.
- Minority Interest shows a five-year compound annual growth rate of -22.1% (FY2020 to FY2025).
- In earlier years, Minority Interest was $1.86 billion in FY2024 (+6.0%), $1.76 billion in FY2023 (-17.4%), $2.13 billion in FY2022 (-36.8%) and $3.36 billion in FY2021 (+4.1%).
- Quarterly Minority Interest has moved between $927 million (Q4 2025) and $3.54 billion (Q1 2022) over five years.
- Compared with a year earlier, Minority Interest has declined for three straight quarters, with an average decline of 13.5% over the last eight quarters.
- The best year-over-year quarter for Minority Interest over five years was Q2 2025 (growth of 9.4%); the worst was Q4 2025 (a decline of 50.2%).
- Per Business Quant data, SHEL's Minority Interest in the three quarters before Q2 2026 was $1.02 billion (Q1 2026), $927 million (Q4 2025) and $2 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - |
| 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 | 995.00 Mn |
| Mar 31, 2026 | 1.02 Bn |
| Dec 31, 2025 | 927.00 Mn |
| Sep 30, 2025 | 2.00 Bn |
| Jun 30, 2025 | 1.95 Bn |
| Mar 31, 2025 | 1.86 Bn |
| Dec 31, 2024 | 1.86 Bn |
| Sep 30, 2024 | 1.87 Bn |
| Jun 30, 2024 | 1.78 Bn |
| Mar 31, 2024 | 1.74 Bn |
| Dec 31, 2023 | 1.76 Bn |
| Sep 30, 2023 | 1.75 Bn |
| Jun 30, 2023 | 1.63 Bn |
| Mar 31, 2023 | 2.21 Bn |
| Dec 31, 2022 | 2.13 Bn |
| Sep 30, 2022 | 3.72 Bn |
| Jun 30, 2022 | 3.80 Bn |
| Mar 31, 2022 | 3.54 Bn |
| Dec 31, 2021 | 3.36 Bn |
| Sep 30, 2021 | 3.29 Bn |
API Access
Shell Minority Interest 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=minority-interest&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "minority-interest", "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=minority-interest&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();