Shell plc (SHEL) Operating Expenses (2009 - 2026)

Shell (SHEL) has reported Operating Expenses for 18 consecutive years, with $3.0 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses fell 63.6% year-over-year to $3.0 billion; the trailing twelve-month figure through Jun 2026 stood at $30.6 billion (down 14.76% YoY), and the FY2025 full-year result was $35.7 billion, down 86.23% from the prior year.
• Operating Expenses declined to $3.0 billion in Q2 2026 per SHEL's latest filing, from $8.7 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $149.3 billion in Q2 2022 and bottomed at $3.0 billion in Q2 2026.
• Historically, Operating Expenses has averaged $27.9 billion across 5 years, with a median of $9.6 billion in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 3982.38% in 2022, then tumbled 87.26% in 2024.
• Over 5 years, Operating Expenses stood at $11.1 billion in 2022, then fell by 1.95% to $10.9 billion in 2023, then declined by 13.74% to $9.4 billion in 2024, then increased by 1.69% to $9.6 billion in 2025, then sank by 68.4% to $3.0 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $3.0 billion, $8.7 billion, and $9.6 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.