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| Date | Value |
|---|---|
| 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 |