Shell (SHEL) Non-cash Items (2012 - 2026)
Shell (SHEL) reported Non-cash Items of $17.24 billion for Q1 2026, up 44.3% from $11.94 billion a year earlier and up 111.2% from the prior quarter.
Powered by 
Analysis
Shell (SHEL) Non-cash Items (2012 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Shell's Non-cash Items came in at $49.96 billion, up 3.1% year-over-year; for FY2025, it was $44.67 billion, down 15.1% from FY2024.
- Non-cash Items has a five-year compound annual growth rate of 8.7% (FY2020 to FY2025).
- By year, Non-cash Items came in at $52.63 billion in FY2024 (+13.5%), $46.36 billion in FY2023 (-37.2%), $73.85 billion in FY2022 (+33.1%) and $55.47 billion in FY2021 (+88.1%).
- The Q1 2026 figure ranks as the highest quarterly Non-cash Items since Q4 2023.
- Year over year, Non-cash Items gained in three of the last eight quarters, with an average decline of 7.3%.
- The high point for year-over-year Non-cash Items in five years was Q4 2022 (growth of 559.2%); the low point was Q4 2024 (a decline of 77.1%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $8.16 billion (Q4 2025), $12.24 billion (Q3 2025) and $12.32 billion (Q2 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 |
|---|---|
| Mar 31, 2026 | 17.24 Bn |
| Dec 31, 2025 | 8.16 Bn |
| Sep 30, 2025 | 12.24 Bn |
| Jun 30, 2025 | 12.32 Bn |
| Mar 31, 2025 | 11.94 Bn |
| Dec 31, 2024 | 10.76 Bn |
| Sep 30, 2024 | 12.02 Bn |
| Jun 30, 2024 | 13.77 Bn |
| Mar 31, 2024 | 16.08 Bn |
| Dec 31, 2023 | 47.05 Bn |
| Sep 30, 2023 | 12.11 Bn |
| Jun 30, 2023 | 10.29 Bn |
| Mar 31, 2023 | 14.81 Bn |
| Dec 31, 2022 | 73.43 Bn |
| Sep 30, 2022 | 16.70 Bn |
| Jun 30, 2022 | 22.90 Bn |
| Mar 31, 2022 | 22.24 Bn |
| Dec 31, 2021 | 11.14 Bn |
| Sep 30, 2021 | 17.47 Bn |
| Jun 30, 2021 | 14.18 Bn |
API Access
Shell Non-cash Items 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=non-cash-items&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-cash-items", "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=non-cash-items&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();