Shell (SHEL) Retained Earnings (2009 - 2025)
Shell (SHEL) recorded Retained Earnings of $153.53 billion in Q4 2025, down 3.3% from $158.83 billion a year earlier.
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Analysis
Shell (SHEL) Retained Earnings (2009 - 2025) Analysis & Trends
Starting with Q4 2009, Shell's Retained Earnings history includes 20 quarters.
- Annual Retained Earnings has declined for three straight years, though with a five-year compound annual growth rate of 1.5% (FY2020 to FY2025).
- Across earlier years, Retained Earnings came in at $158.83 billion in FY2024 (-4.3%), $165.92 billion in FY2023 (-2.1%), $169.48 billion in FY2022 (+10.8%) and $153.03 billion in FY2021 (+7.3%).
- The Q4 2025 figure is the lowest quarterly Retained Earnings since Q4 2021.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 492.57 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | - |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 212.60 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | - |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 38.78 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 72.92 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 36.27 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | - |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 25.07 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 153.53 Bn |
| Dec 31, 2024 | 158.83 Bn |
| Dec 31, 2023 | 165.92 Bn |
| Dec 31, 2022 | 169.48 Bn |
| Dec 31, 2021 | 153.03 Bn |
| Dec 31, 2020 | 142.62 Bn |
| Dec 31, 2019 | 172.43 Bn |
| Dec 31, 2018 | 182.61 Bn |
| Dec 31, 2017 | 177.65 Bn |
| Dec 31, 2016 | 175.57 Bn |
| Dec 31, 2015 | 180.10 Bn |
| Dec 31, 2014 | 186.98 Bn |
| Dec 31, 2013 | 183.47 Bn |
| Dec 31, 2012 | 187.15 Bn |
| Sep 30, 2012 | 175.01 Bn |
| Jun 30, 2012 | 171.91 Bn |
| Mar 31, 2012 | 169.06 Bn |
| Dec 31, 2011 | 23.65 Bn |
| Dec 31, 2010 | 140.18 Bn |
| Dec 31, 2009 | 127.63 Bn |
API Access
Shell Retained Earnings 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=retained-earnings&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();