Shell (SHEL) Retained Earnings (2009 - 2025)
Shell (SHEL) reported Retained Earnings of $153.5 billion for Q4 2025, up 676.73% on a YoY basis from $19.8 billion in Q4 2024, and up 676.73% quarter-over-quarter from $19.8 billion in Q4 2024.
Shell (SHEL) Retained Earnings (2009 - 2025) Analysis & Trends
Shell has reported Retained Earnings for 17 years, with the latest figure at $153.5 billion in Q4 2025.
- For the quarter ending Q4 2025, Retained Earnings rose 676.73% year-over-year to $153.5 billion; the trailing twelve-month figure through Dec 2025 stood at $153.5 billion (up 676.73% YoY), and the FY2025 full-year result was $153.5 billion, up 676.73% from the prior year.
- Retained Earnings for Q4 2025 stood at $153.5 billion, up from $19.8 billion in the prior quarter.
- The five-year high for Retained Earnings was $153.5 billion in Q4 2025, with the low at -$17.7 billion in Q4 2022.
- Historically, Retained Earnings has averaged $39.1 billion across 5 years, with a median of $19.8 billion in 2024.
- Annual changes were most pronounced in 2022 — Retained Earnings sank 193.37% — and 2025, when it soared 676.73%.
- Shell's Retained Earnings stood at $18.9 billion in 2021, then slumped by 193.37% to -$17.7 billion in 2022, then surged by 219.76% to $21.1 billion in 2023, then slipped by 6.52% to $19.8 billion in 2024, then soared by 676.73% to $153.5 billion in 2025.
- The last three Retained Earnings figures came in at $153.5 billion (Q4 2025), $19.8 billion (Q4 2024), and $21.1 billion (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 72.60 Bn |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | -11.10 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | - |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | -2.59 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | - |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 8.92 Bn |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 15.61 Bn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 94.80 Mn |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 15.96 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 153.53 Bn |
| Dec 31, 2024 | 19.77 Bn |
| Dec 31, 2023 | 21.15 Bn |
| Dec 31, 2022 | -17.66 Bn |
| Dec 31, 2021 | 18.91 Bn |
| Dec 31, 2020 | 37.30 Bn |
| Dec 31, 2019 | 37.30 Bn |
| Dec 31, 2018 | 1.10 Bn |
| Dec 31, 2017 | 84.00 Mn |
| Mar 31, 2017 | 1.22 Bn |
| Dec 31, 2016 | 84.00 Mn |
| Sep 30, 2016 | 302.00 Mn |
| Mar 31, 2016 | 2.32 Bn |
| Dec 31, 2015 | 154.00 Mn |
| Sep 30, 2015 | -5.87 Bn |
| Jun 30, 2015 | 1.67 Bn |
| Mar 31, 2015 | -4.20 Bn |
| Dec 31, 2014 | 3.41 Bn |
| Sep 30, 2014 | -2.96 Bn |
| Jun 30, 2014 | 591.00 Mn |