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.
Analysis
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 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 |
|---|---|
| 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 |
| Mar 31, 2024 | 26.89 Bn |
| Dec 31, 2023 | 27.71 Bn |
| Jun 30, 2019 | 1.40 Bn |
| Dec 31, 2018 | 16.00 Bn |