Shell plc (SHEL) Research & Development (2009 - 2026)

Shell (SHEL) has reported Research & Development for 18 consecutive years, with $110.0 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Research & Development fell 69.44% year-over-year to $110.0 million; the trailing twelve-month figure through Jun 2026 stood at $906.0 million (down 20.87% YoY), and the FY2025 full-year result was $1.3 billion, down 46.62% from the prior year.
• Research & Development grew to $110.0 million in Q2 2026 per SHEL's latest filing, from $98.0 million in the prior quarter.
• Across five years, Research & Development topped out at $750.0 million in Q1 2024 and bottomed at $98.0 million in Q1 2026.
• Historically, Research & Development has averaged $372.9 million across 5 years, with a median of $330.0 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Research & Development soared 196.44% in 2024, then slumped 75.33% in 2025.
• Over 5 years, Research & Development stood at $403.0 million in 2022, then climbed by 16.38% to $469.0 million in 2023, then sank by 36.03% to $300.0 million in 2024, then dropped by 0.67% to $298.0 million in 2025, then sank by 63.09% to $110.0 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $110.0 million, $98.0 million, and $298.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.