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Shell (SHEL) Research & Development (2016 - 2026)

Shell filings provide 18 years of Research & Development readings, the most recent being $167.0 million for Q1 2026.

  • On a quarterly basis, Research & Development fell 9.73% to $167.0 million in Q1 2026 year-over-year; TTM through Mar 2026 was $1.2 billion, a 7.36% increase, with the full-year FY2025 number at $1.2 billion, down 51.47% from a year prior.
  • Research & Development hit $167.0 million in Q1 2026 for Shell, down from $298.0 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $469.0 million in Q4 2023 to a low of $167.0 million in Q1 2026.
  • Median Research & Development over the past 5 years was $267.0 million (2023), compared with a mean of $283.2 million.
  • Biggest five-year swings in Research & Development: skyrocketed 51.72% in 2022 and later dropped 29.42% in 2024.
  • Shell's Research & Development stood at $403.0 million in 2022, then rose by 16.38% to $469.0 million in 2023, then dropped by 29.42% to $331.0 million in 2024, then dropped by 9.97% to $298.0 million in 2025, then tumbled by 43.96% to $167.0 million in 2026.
  • The last three reported values for Research & Development were $167.0 million (Q1 2026), $298.0 million (Q4 2025), and $409.0 million (Q3 2025) per Business Quant data.