Shell (SHEL) Retained Earnings (2009 - 2025)

Shell's (SHEL) quarterly Retained Earnings came in at $153.5 billion in Q4 2025, down 3.34% YoY from $158.8 billion in Q4 2024, and down 3.34% on a QoQ basis from $158.8 billion in Q4 2024.

Shell (SHEL) Retained Earnings (2009 - 2025) Analysis & Trends

Shell (SHEL) has 17 years of Retained Earnings data on file, last reported at $153.5 billion in Q4 2025.

  • Quarterly Retained Earnings fell 3.34% year-over-year to $153.5 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $153.5 billion (down 3.34% YoY) and the FY2025 annual result came in at $153.5 billion, down 3.34% from the prior year.
  • Retained Earnings fell to $153.5 billion in Q4 2025, from $158.8 billion in the prior quarter.
  • In the past five years, Retained Earnings ranged from a high of $158.8 billion in Q4 2024 to a low of $37.3 billion in Q4 2021.
  • A 5-year average of $84.9 billion and a median of $37.3 billion in 2021 frame the typical range for Retained Earnings.
  • Annual changes were most pronounced in 2024 — Retained Earnings surged 325.85% — and 2025, when it retreated 3.34%.
  • Tracing SHEL's Retained Earnings over 5 years: stood at $37.3 billion in 2021, then changed by 0.0% to $37.3 billion in 2022, then changed by 0.0% to $37.3 billion in 2023, then surged by 325.85% to $158.8 billion in 2024, then declined by 3.34% to $153.5 billion in 2025.
  • The last three Retained Earnings figures came in at $153.5 billion (Q4 2025), $158.8 billion (Q4 2024), and $37.3 billion (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn 30.07 Bn
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - 482.34 Bn
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn -2.59 Bn
4 Eni Spa 205.81 Bn 195.97 Bn - 40.66 Bn
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn -
6 Equinor Asa 98.30 Bn 89.04 Bn - -
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn -
8 Imperial Oil 61.22 Bn 60.47 Bn - 15.96 Bn
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn -
10 Ypf Sociedad Anonima 20.09 Bn 18.40 Bn 1.76 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2025 153.53 Bn
Dec 31, 2024 158.83 Bn
Dec 31, 2023 37.30 Bn
Dec 31, 2022 37.30 Bn
Dec 31, 2021 37.30 Bn
Dec 31, 2020 37.30 Bn
Dec 31, 2019 37.30 Bn
Dec 31, 2018 37.30 Bn
Dec 31, 2017 37.30 Bn
Dec 31, 2016 37.31 Bn
Dec 31, 2015 -22.48 Bn
Dec 31, 2014 -19.73 Bn
Dec 31, 2013 -1.89 Bn
Dec 31, 2012 3.90 Bn
Dec 31, 2011 1.98 Bn
Dec 31, 2010 9.97 Bn
Dec 31, 2009 9.07 Bn