Shell (SHEL) Operating Leases (2018 - 2026)

Shell's (SHEL) quarterly Operating Leases came in at $30.6 billion in Q1 2026, up 7.39% YoY from $28.5 billion in Q1 2025, and up 5.74% on a QoQ basis from $28.9 billion in Q4 2025.

Shell (SHEL) Operating Leases (2018 - 2026) Analysis & Trends

Shell (SHEL) has 9 years of Operating Leases data on file, last reported at $30.6 billion in Q1 2026.

  • Quarterly Operating Leases rose 7.39% year-over-year to $30.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $30.6 billion (up 7.39% YoY) and the FY2025 annual result came in at $28.9 billion, up 0.8% from the prior year.
  • Operating Leases climbed to $30.6 billion in Q1 2026, from $28.9 billion in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $30.6 billion in Q1 2026 to a low of $25.6 billion in Q3 2024.
  • A 5-year average of $27.7 billion and a median of $27.7 billion in 2023 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2024 — Operating Leases declined 8.13% — and 2025, when it grew 13.11%.
  • Tracing SHEL's Operating Leases over 5 years: stood at $27.6 billion in 2022, then climbed by 0.24% to $27.7 billion in 2023, then increased by 3.58% to $28.7 billion in 2024, then gained by 0.8% to $28.9 billion in 2025, then increased by 5.74% to $30.6 billion in 2026.
  • The last three Operating Leases figures came in at $30.6 billion (Q1 2026), $28.9 billion (Q4 2025), and $28.6 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn -
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn
4 Eni Spa 205.81 Bn 195.97 Bn -
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn
6 Equinor Asa 98.30 Bn 89.04 Bn -
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn
8 Imperial Oil 61.22 Bn 60.47 Bn -
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn
10 Ypf Sociedad Anonima 20.09 Bn 18.40 Bn 1.76 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 30.59 Bn
Dec 31, 2025 28.93 Bn
Sep 30, 2025 28.57 Bn
Jun 30, 2025 28.96 Bn
Mar 31, 2025 28.49 Bn
Dec 31, 2024 28.70 Bn
Sep 30, 2024 25.59 Bn
Jun 30, 2024 25.60 Bn
Mar 31, 2024 26.89 Bn
Dec 31, 2023 27.71 Bn
Sep 30, 2023 27.85 Bn
Jun 30, 2023 27.59 Bn
Mar 31, 2023 27.80 Bn
Dec 31, 2022 27.64 Bn
Sep 30, 2022 26.56 Bn
Jun 30, 2022 27.03 Bn
Mar 31, 2022 26.82 Bn
Dec 31, 2021 27.51 Bn
Sep 30, 2021 27.97 Bn
Jun 30, 2021 28.34 Bn