Shell (SHEL) Return on Equity [ROE] (2009 - 2026)
Shell (SHEL) posted Return on Equity [ROE] of 8.83% for Q3 2026, up 6.06 percentage points from 2.78% a year earlier but down 1.26 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 10.27%, up 1.22 percentage points from FY2024.
- Annual Return on Equity [ROE] shows a five-year change of +22.88 percentage points (FY2020 to FY2025).
- In prior years, Shell's Return on Equity [ROE] was 9.05% in FY2024 (-1.36 pp), 10.41% in FY2023 (-12.09 pp), 22.51% in FY2022 (+9.90 pp) and 12.61% in FY2021 (+25.21 pp).
- Quarterly Return on Equity [ROE] has run from a low of 0.98% in Q2 2023 to a high of 16.29% in Q1 2022 over five years.
- On a year-over-year basis, Return on Equity [ROE] has increased in each of the last five quarters, with an average year-over-year change of +0.50 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 29.54 percentage points; the weakest was Q4 2022, with a drop of 7.60 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was 10.09% (Q2 2026), 6.16% (Q1 2026) and 5.59% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 15.59% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 13.85% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | 8.83% |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | 8.52% |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | 14.72% |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 14.29% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | 26.83% |
| 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 | 37.13% |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | 33.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.83% |
| 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% |
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();