Shell SHEL
NYSE SHEL
$90.91 +0.21 (+0.23%)
At close: Aug 28, 2026 · 4:00 PM EDT

Shell (SHEL) Return on Capital Employed (2009 - 2026)

Shell's (SHEL) quarterly Return on Capital Employed came in at 21.46% in Q2 2026, up 6.0% YoY from 20.24% in Q2 2025, and up 31.05% on a QoQ basis from 16.37% in Q4 2025.

Analysis

Shell (SHEL) Return on Capital Employed (2009 - 2026) Analysis & Trends

Shell (SHEL) has 18 years of Return on Capital Employed data on file, last reported at 21.46% in Q2 2026.

  • Quarterly Return on Capital Employed rose 6.0% year-over-year to 21.46% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 21.46% (up 6.0% YoY) and the FY2025 annual result came in at 27.91%, up 8031.0% from the prior year.
  • Return on Capital Employed grew to 21.46% in Q2 2026, from 16.37% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 62.38% in Q2 2023 to a low of 9.55% in Q2 2022.
  • A 5-year average of 21.3% and a median of 18.23% in 2023 frame the typical range for Return on Capital Employed.
  • Annual changes were most pronounced in 2023 — Return on Capital Employed jumped 7193 bps — and 2024, when it slumped 5497 bps.
  • Tracing SHEL's Return on Capital Employed over 5 years: stood at 43.72% in 2022, then tumbled by 58 bps to 18.23% in 2023, then sank by 44 bps to 10.29% in 2024, then soared by 59 bps to 16.37% in 2025, then soared by 31 bps to 21.46% in 2026.
  • The last three Return on Capital Employed figures came in at 21.46% (Q2 2026), 16.37% (Q4 2025), and 21.39% (Q2 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Shell 517.27 Bn 477.40 Bn - 33.86%
2 Chevron 398.83 Bn 395.97 Bn 33.45 Bn -29.93%
3 TotalEnergies SE 190.54 Bn 161.37 Bn 23.46 Bn 21.77%
4 Eni Spa 166.18 Bn 156.34 Bn - 3.03%
5 Equinor Asa 103.49 Bn 94.23 Bn - 31.72%
6 Suncor Energy 78.09 Bn 74.21 Bn -8.45 Bn 26.78%
7 Imperial Oil 63.17 Bn 61.11 Bn - 14.89%
8 Cenovus Energy 59.48 Bn 57.00 Bn - 23.03%
9 Gas Transporter Of The South 21.19 Bn -3,019.86 Bn - -
10 Ypf Sociedad Anonima 19.74 Bn 17.54 Bn 2.97 Bn 16.25%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 33.86%
Dec 31, 2025 60.38%
Jun 30, 2025 50.59%
Dec 31, 2024 34.35%
Jun 30, 2024 24.22%
Dec 31, 2023 45.25%
Jun 30, 2023 143,549.08%
Dec 31, 2022 192,617.31%
Jun 30, 2022 16.88%
Dec 31, 2021 8.40%
Jun 30, 2021 -4.16%
Dec 31, 2020 3.09%
Jun 30, 2020 16.82%
Sep 30, 2019 12.63%
Jun 30, 2019 13.09%
Mar 31, 2019 38.05%
Dec 31, 2018 39.70%
Sep 30, 2018 12.30%
Jun 30, 2018 10.72%
Mar 31, 2018 8.57%