Shell (SHEL) Return on Assets [ROA] (2009 - 2026)
Shell's Return on Assets [ROA] was 4.18% in Q3 2026, up 2.88 percentage points from 1.30% a year earlier but down 0.52 percentage points from the prior quarter.
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Analysis
Shell (SHEL) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Return on Assets [ROA] at Shell came in at 4.78%, up 0.62 percentage points from FY2024.
- Return on Assets [ROA] shows a five-year change of +10.28 percentage points (FY2020 to FY2025).
- In earlier years, Return on Assets [ROA] was 4.16% in FY2024 (-0.46 pp), 4.62% in FY2023 (-5.00 pp), 9.62% in FY2022 (+4.36 pp) and 5.27% in FY2021 (+10.76 pp).
- Quarterly Return on Assets [ROA] has moved between 0.45% (Q2 2023) and 6.83% (Q1 2022) over five years.
- Compared with a year earlier, Return on Assets [ROA] has increased for five straight quarters, with an average year-over-year change of +0.24 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Assets [ROA] over five years was Q4 2021 (a gain of 12.30 percentage points); the worst was Q4 2022 (a drop of 3.07 percentage points).
- Per Business Quant data, SHEL's Return on Assets [ROA] in the three quarters before Q3 2026 was 4.70% (Q2 2026), 2.86% (Q1 2026) and 2.63% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 8.98% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 8.25% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 4.18% |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 3.48% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 5.60% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 7.52% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 834.81% |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 15.10% |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | 17.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.18% |
| Jun 30, 2026 | 4.70% |
| Mar 31, 2026 | 2.86% |
| Dec 31, 2025 | 2.63% |
| Sep 30, 2025 | 1.30% |
| Jun 30, 2025 | 1.15% |
| Mar 31, 2025 | 1.16% |
| Dec 31, 2024 | 1.80% |
| Sep 30, 2024 | 0.77% |
| Jun 30, 2024 | 3.91% |
| Mar 31, 2024 | 3.73% |
| Dec 31, 2023 | 4.01% |
| Sep 30, 2023 | 3.17% |
| Jun 30, 2023 | 0.45% |
| Mar 31, 2023 | 3.89% |
| Dec 31, 2022 | 3.52% |
| Sep 30, 2022 | 9.46% |
| Jun 30, 2022 | 9.86% |
| Mar 31, 2022 | 6.83% |
| Dec 31, 2021 | 6.59% |
API Access
Shell Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();