Shell (SHEL) Return on Assets [ROA] (2009 - 2026)
Shell's Return on Assets [ROA] was 6.87% in Q2 2026, up 3.28 percentage points from 3.59% a year earlier and up 1.81 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 2.49%, down 1.67 percentage points from FY2024.
- Return on Assets [ROA] has now declined for three consecutive years, with a four-year change of -2.77 percentage points (FY2021 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.
- The Q2 2026 figure marks the highest quarterly Return on Assets [ROA] since Q3 2023.
- Compared with a year earlier, Return on Assets [ROA] has increased for three straight quarters, with an average year-over-year change of -0.06 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 10.75 percentage points); the worst was Q1 2024 (a drop of 11.50 percentage points).
- Per Business Quant data, SHEL's Return on Assets [ROA] in the three quarters before Q2 2026 was 5.06% (Q1 2026), 4.84% (Q4 2025) and 3.91% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 7.26% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 4.70% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 6.36% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 3.63% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 3.83% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 7.52% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 8.67% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 658.73% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | - |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 11.66% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.70% |
| Mar 31, 2026 | 2.86% |
| Dec 31, 2025 | 1.11% |
| Sep 30, 2025 | -0.18% |
| Jun 30, 2025 | -0.31% |
| Mar 31, 2025 | -0.31% |
| 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% |
| Sep 30, 2021 | -4.07% |
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();