Shell (SHEL) Non-cash Items (2009 - 2026)
Shell's (SHEL) quarterly Non-cash Items came in at $17.2 billion in Q1 2026, up 44.35% YoY from $11.9 billion in Q1 2025, and up 111.18% on a QoQ basis from $8.2 billion in Q4 2025.
Analysis
Shell (SHEL) Non-cash Items (2009 - 2026) Analysis & Trends
Shell (SHEL) has 18 years of Non-cash Items data on file, last reported at $17.2 billion in Q1 2026.
- Quarterly Non-cash Items rose 44.35% year-over-year to $17.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $50.0 billion (up 3.05% YoY) and the FY2025 annual result came in at $44.7 billion, down 15.12% from the prior year.
- Non-cash Items rose to $17.2 billion in Q1 2026, from $8.2 billion in the prior quarter.
- In the past five years, Non-cash Items ranged from a high of $22.9 billion in Q2 2022 to a low of $8.2 billion in Q4 2025.
- A 5-year average of $13.9 billion and a median of $12.2 billion in 2025 frame the typical range for Non-cash Items.
- Annual changes were most pronounced in 2022 — Non-cash Items surged 75.35% — and 2023, when it plunged 55.06%.
- Tracing SHEL's Non-cash Items over 5 years: stood at $12.0 billion in 2022, then dropped by 17.67% to $9.9 billion in 2023, then climbed by 8.74% to $10.8 billion in 2024, then fell by 24.09% to $8.2 billion in 2025, then surged by 111.18% to $17.2 billion in 2026.
- The last three Non-cash Items figures came in at $17.2 billion (Q1 2026), $8.2 billion (Q4 2025), and $12.2 billion (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.17 Bn |
| Jun 30, 2026 | -1.17 Bn |
| Mar 31, 2026 | -1.04 Bn |
| Mar 31, 2026 | -1.04 Bn |
| Dec 31, 2025 | -2.06 Bn |
| Dec 31, 2025 | -2.06 Bn |
| Sep 30, 2025 | -848.00 Mn |
| Sep 30, 2025 | -848.00 Mn |
| Jun 30, 2025 | -1.21 Bn |
| Jun 30, 2025 | -1.21 Bn |
| Mar 31, 2025 | -846.00 Mn |
| Mar 31, 2025 | -846.00 Mn |
| Dec 31, 2024 | -2.20 Bn |
| Dec 31, 2024 | -2.20 Bn |
| Sep 30, 2024 | -979.00 Mn |
| Sep 30, 2024 | -979.00 Mn |
| Jun 30, 2024 | -1.29 Bn |
| Jun 30, 2024 | -1.29 Bn |
| Mar 31, 2024 | -911.00 Mn |
| Mar 31, 2024 | -911.00 Mn |