Shell (SHEL) Return on Equity [ROE] (2009 - 2026)
Shell (SHEL) posted Return on Equity [ROE] of 14.68% for Q2 2026, up 7.01 percentage points from 7.67% a year earlier and up 3.82 percentage points from the prior quarter.
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Analysis
Shell (SHEL) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Shell's Return on Equity [ROE] came in at 5.31%, down 3.70 percentage points from FY2024.
- Annual Return on Equity [ROE] has declined for three consecutive years, with a four-year change of -7.05 percentage points (FY2021 to FY2025).
- In prior years, Shell's Return on Equity [ROE] was 9.01% in FY2024 (-1.41 pp), 10.41% in FY2023 (-11.87 pp), 22.29% in FY2022 (+9.93 pp) and 12.36% in FY2021.
- The Q2 2026 figure stands as the highest quarterly Return on Equity [ROE] since Q3 2023.
- On a year-over-year basis, Return on Equity [ROE] has increased in each of the last three quarters, with an average year-over-year change of -0.17 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q4 2021, with a gain of 25.57 percentage points; the weakest was Q1 2024, with a drop of 26.44 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 10.86% (Q1 2026), 10.26% (Q4 2025) and 8.30% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 735.56 Bn | 692.05 Bn | - | 12.80% |
| 2 | Chevron | 442.85 Bn | 414.97 Bn | 33.45 Bn | 10.89% |
| 3 | Shell | 309.24 Bn | 238.98 Bn | 30.13 Bn | 10.09% |
| 4 | TotalEnergies SE | 197.64 Bn | 78.23 Bn | 61.77 Bn | 8.91% |
| 5 | Conocophillips | 176.01 Bn | 148.72 Bn | 12.81 Bn | 14.29% |
| 6 | Equinor Asa | 119.06 Bn | 33.51 Bn | - | 20.89% |
| 7 | Phillips 66 | 113.68 Bn | 101.47 Bn | 8.38 Bn | 23.06% |
| 8 | Canadian Natural Resources | 112.16 Bn | 109.16 Bn | 8.84 Bn | - |
| 9 | Suncor Energy | 94.30 Bn | 80.05 Bn | - | 29.14% |
| 10 | Eni Spa | 88.99 Bn | 33.54 Bn | - | 10.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.09% |
| Mar 31, 2026 | 6.16% |
| Dec 31, 2025 | 5.59% |
| Sep 30, 2025 | 2.78% |
| Jun 30, 2025 | 2.48% |
| Mar 31, 2025 | 2.50% |
| Dec 31, 2024 | 3.83% |
| Sep 30, 2024 | 1.62% |
| Jun 30, 2024 | 8.34% |
| Mar 31, 2024 | 8.05% |
| Dec 31, 2023 | 8.69% |
| Sep 30, 2023 | 6.87% |
| Jun 30, 2023 | 0.98% |
| Mar 31, 2023 | 8.84% |
| Dec 31, 2022 | 8.23% |
| Sep 30, 2022 | 22.22% |
| Jun 30, 2022 | 23.48% |
| Mar 31, 2022 | 16.29% |
| Dec 31, 2021 | 15.83% |
| Sep 30, 2021 | 3.93% |
API Access
Shell Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();