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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | - |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 212.60 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | - |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 38.78 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | - |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | - |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 17.11 Bn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | 420.86 Bn |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | -211.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 100.80 Bn |
| Dec 31, 2024 | 103.87 Bn |
| Dec 31, 2023 | 108.01 Bn |
| Dec 31, 2022 | 111.35 Bn |
| Dec 31, 2021 | 111.48 Bn |
| Dec 31, 2020 | 104.24 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 | 170.22 Bn |
| Dec 31, 2012 | 187.15 Bn |
| Dec 31, 2011 | 164.70 Bn |
| Dec 31, 2010 | 138.44 Bn |
| Dec 31, 2009 | 116.01 Bn |