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

Shell (SHEL) has 18 years of Research & Development data on file, last reported at $110.0 million in Q2 2026.

• Quarterly Research & Development fell 69.44% year-over-year to $110.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $908.0 million (down 22.39% YoY) and the FY2025 annual result came in at $1.2 billion, down 51.47% from the prior year.
• Research & Development climbed to $110.0 million in Q2 2026, from $98.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $750.0 million in Q1 2024 to a low of $98.0 million in Q1 2026.
• A 5-year average of $334.4 million and a median of $300.0 million in 2024 frame the typical range for Research & Development.
• Annual changes were most pronounced in 2024 — Research & Development surged 196.44% — and 2025, when it sank 72.0%.
• Tracing SHEL's Research & Development over 5 years: stood at $403.0 million in 2022, then gained by 16.38% to $469.0 million in 2023, then tumbled by 36.03% to $300.0 million in 2024, then changed by 0.0% to $300.0 million in 2025, then plunged by 63.33% to $110.0 million in 2026.
• The last three Research & Development figures came in at $110.0 million (Q2 2026), $98.0 million (Q1 2026), and $300.0 million (Q4 2025), per Business Quant data.