Shell (SHEL) Net Margin (2009 - 2026)
Shell's (SHEL) quarterly Net Margin came in at 2.53% in Q2 2026, down 1445.0% YoY from 0.19% in Q2 2025, and down 135.04% on a QoQ basis from 7.23% in Q1 2026.
Shell (SHEL) Net Margin (2009 - 2026) Analysis & Trends
Shell (SHEL) has 18 years of Net Margin data on file, last reported at 2.53% in Q2 2026.
- Quarterly Net Margin fell 1445.0% year-over-year to 2.53% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 2.48% (down 933.0% YoY) and the FY2025 annual result came in at 7.05%, up 208.0% from the prior year.
- Net Margin fell to 2.53% in Q2 2026, from 7.23% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 255.38% in Q2 2023 to a low of 101.48% in Q3 2022.
- A 5-year average of 64.49% and a median of 9.75% in 2025 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 19885 bps in 2022, down 58683 bps in 2022.
- Tracing SHEL's Net Margin over 5 years: stood at 6.52% in 2022, then jumped by 3816 bps to 255.38% in 2023, then sank by 94 bps to 15.66% in 2024, then fell by 24 bps to 11.91% in 2025, then slumped by 121 bps to 2.53% in 2026.
- The last three Net Margin figures came in at 2.53% (Q2 2026), 7.23% (Q1 2026), and 11.91% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 26.34% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 5.25% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 4.62% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 5.34% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | -2.53% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 9.17% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 23.36% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 7.55% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 9.52% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 18.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -2.53% |
| Mar 31, 2026 | 7.23% |
| Jun 30, 2025 | 11.91% |
| Mar 31, 2025 | 9.75% |
| Dec 31, 2024 | 15.66% |
| Jun 30, 2024 | 5.97% |
| Mar 31, 2024 | 8.19% |
| Jun 30, 2023 | 255.38% |
| Mar 31, 2023 | 222.31% |
| Dec 31, 2022 | 6.52% |
| Sep 30, 2022 | -101.48% |
| Jun 30, 2022 | 190.39% |
| Mar 31, 2022 | 209.01% |
| Dec 31, 2021 | 593.35% |
| Sep 30, 2021 | -28.72% |
| Jun 30, 2021 | 5.66% |
| Mar 31, 2021 | 10.17% |
| Dec 31, 2020 | -2,321.61% |
| Sep 30, 2020 | 14.07% |
| Jun 30, 2020 | 55.78% |