Shell (SHEL) Payout Ratio (2018 - 2026)
Shell's Payout Ratio came in at 0.40 for Q2 2026, down 42.6% from 0.70 a year earlier and down 34.0% from the prior quarter.
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Analysis
Shell (SHEL) Payout Ratio (2018 - 2026) Analysis & Trends
For FY2025, Shell's Payout Ratio was 0.48, down 13.4% from FY2024.
- Going back by year, Payout Ratio was 0.56 in FY2024 (+18.0%), 0.47 in FY2023 (+167.1%), 0.18 in FY2022 (-46.6%) and 0.33 in FY2021.
- The Q2 2026 figure represents the lowest quarterly Payout Ratio since Q2 2023.
- Year-over-year, Payout Ratio increased in two of the last four quarters, with growth averaging 10.9%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.35 |
| Mar 31, 2026 | 0.47 |
| Jun 30, 2025 | 0.45 |
| Mar 31, 2025 | 0.45 |
| Jun 30, 2024 | 0.34 |
| Mar 31, 2024 | 0.33 |
| Jun 30, 2023 | 0.28 |
| Mar 31, 2023 | 0.19 |
| Jun 30, 2022 | 0.22 |
| Mar 31, 2022 | 0.28 |
| Jun 30, 2021 | 0.93 |
| Jun 30, 2019 | 0.83 |
| Mar 31, 2019 | 0.72 |
| Dec 31, 2018 | 0.73 |
| Sep 30, 2018 | 0.74 |
API Access
Shell Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payout-ratio&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "ticker": "SHEL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payout-ratio&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();