Shell (SHEL) Notes Payables (2009 - 2026)

Shell (SHEL) reported Notes Payables of $65.6 billion for Q1 2026, up 57.96% on a YoY basis from $41.5 billion in Q1 2025, and down 1.4% quarter-over-quarter from $66.5 billion in Q4 2025.

Shell (SHEL) Notes Payables (2009 - 2026) Analysis & Trends

Shell has reported Notes Payables for 18 years, with the latest figure at $65.6 billion in Q1 2026.

  • For the quarter ending Q1 2026, Notes Payables rose 57.96% year-over-year to $65.6 billion; the trailing twelve-month figure through Mar 2026 stood at $65.6 billion (up 57.96% YoY), and the FY2025 full-year result was $66.5 billion, up 1.63% from the prior year.
  • Notes Payables for Q1 2026 stood at $65.6 billion, down from $66.5 billion in the prior quarter.
  • The five-year high for Notes Payables was $74.8 billion in Q4 2022, with the low at $35.2 billion in Q3 2024.
  • Historically, Notes Payables has averaged $50.1 billion across 5 years, with a median of $44.2 billion in 2023.
  • Annual changes were most pronounced in 2022 — Notes Payables tumbled 31.95% — and 2026, when it soared 57.96%.
  • Shell's Notes Payables stood at $74.8 billion in 2022, then fell by 4.26% to $71.6 billion in 2023, then declined by 8.6% to $65.4 billion in 2024, then gained by 1.63% to $66.5 billion in 2025, then declined by 1.4% to $65.6 billion in 2026.
  • The last three Notes Payables figures came in at $65.6 billion (Q1 2026), $66.5 billion (Q4 2025), and $41.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Petrobras - Petroleo Brasileiro 1,901.04 Bn 1,894.28 Bn 11.34 Bn
2 Exxon Mobil 629.96 Bn 628.14 Bn -
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00
4 Shell 546.31 Bn 505.07 Bn -
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn
7 Eni Spa 252.26 Bn 242.70 Bn -
8 Bp 196.12 Bn 159.56 Bn -
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn
10 Imperial Oil 42.92 Bn 42.17 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 65.59 Bn
Dec 31, 2025 66.52 Bn
Sep 30, 2025 41.20 Bn
Jun 30, 2025 43.22 Bn
Mar 31, 2025 41.52 Bn
Dec 31, 2024 65.45 Bn
Sep 30, 2024 35.23 Bn
Jun 30, 2024 38.31 Bn
Mar 31, 2024 40.51 Bn
Dec 31, 2023 71.61 Bn
Sep 30, 2023 40.47 Bn
Jun 30, 2023 40.31 Bn
Mar 31, 2023 44.22 Bn
Dec 31, 2022 74.79 Bn
Sep 30, 2022 48.34 Bn
Jun 30, 2022 46.36 Bn
Mar 31, 2022 48.49 Bn
Dec 31, 2021 80.87 Bn
Sep 30, 2021 57.49 Bn
Jun 30, 2021 65.74 Bn