Shell (SHEL) Net of Acquisitions & Divestments (2012 - 2026)
Shell's Net of Acquisitions & Divestments came in at $74 million for Q3 2026, down 92.8% from $1.02 billion a year earlier but up 4.2% from the prior quarter.
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Analysis
Shell (SHEL) Net of Acquisitions & Divestments (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Shell reported Net of Acquisitions & Divestments of $335 million, down 75.4% year-over-year; for FY2025, it came in at $1.21 billion, up 104.2% from FY2024.
- Net of Acquisitions & Divestments carries a five-year compound annual growth rate of -0.6% (FY2020 to FY2025).
- Going back by year, Net of Acquisitions & Divestments was $590 million in FY2024 (+24.5%), $474 million in FY2023 (-7.2%), $511 million in FY2022 (-12.5%) and $584 million in FY2021 (-52.9%).
- The five-year range for quarterly Net of Acquisitions & Divestments is $1 million (Q2 2025) to $1.02 billion (Q3 2025).
- Year-over-year, Net of Acquisitions & Divestments increased in three of the last seven quarters, with growth averaging 174.3%.
- The fastest year-over-year change in Net of Acquisitions & Divestments over five years came in Q3 2025 (growth of 988.3%), and the weakest in Q2 2025 (a decline of 98.2%).
- Business Quant data shows SHEL's Net of Acquisitions & Divestments at $71 million (Q2 2026), $42 million (Q1 2026) and $148 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Acquisitions (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 808.00 Mn |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | - |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 74.00 Mn |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 180.00 Mn |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | -231.24 Mn |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | - |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 47.00 Mn |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | - |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | -3.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 74.00 Mn |
| Jun 30, 2026 | 71.00 Mn |
| Mar 31, 2026 | 42.00 Mn |
| Dec 31, 2025 | 148.00 Mn |
| Sep 30, 2025 | 1.02 Bn |
| Jun 30, 2025 | 1.00 Mn |
| Mar 31, 2025 | 33.00 Mn |
| Dec 31, 2024 | 305.00 Mn |
| Sep 30, 2024 | 94.00 Mn |
| Jun 30, 2024 | 57.00 Mn |
| Mar 31, 2024 | 133.00 Mn |
| Dec 31, 2023 | 49.00 Mn |
| Sep 30, 2023 | 68.00 Mn |
| Jun 30, 2023 | 100.00 Mn |
| Mar 31, 2023 | 257.00 Mn |
| Sep 30, 2022 | 203.00 Mn |
| Jun 30, 2022 | 51.00 Mn |
| Mar 31, 2022 | 138.00 Mn |
| Dec 31, 2021 | 137.00 Mn |
| Sep 30, 2021 | 168.00 Mn |
API Access
Shell Net of Acquisitions & Divestments 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=net-of-acquisitions-and-divestments&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-of-acquisitions-and-divestments", "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=net-of-acquisitions-and-divestments&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();