Shell (SHEL) Return on Invested Capital [ROIC] (2009 - 2026)
Shell (SHEL) recorded Return on Invested Capital [ROIC] of 17.88% in Q2 2026, up 15.96 percentage points from 1.92% a year earlier and up 1.22 percentage points from the prior quarter.
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Analysis
Shell (SHEL) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Shell reported Return on Invested Capital [ROIC] of -52.32%, down 17.46 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a four-year change of -9.71 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -34.87% in FY2024 (+6.59 pp), -41.46% in FY2023 (+8.92 pp), -50.38% in FY2022 (-7.76 pp) and -42.61% in FY2021.
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q1 2018.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 34.07 percentage points in Q1 2026, against a drop of 20.52 percentage points in Q1 2024 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 11.12% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 28.91% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | -30.32% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 44.06% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 6.74% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 22.50% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | -181.46% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 51.62% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 220.98% |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 2.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.91% |
| Mar 31, 2026 | 9.75% |
| Jun 30, 2025 | 12.52% |
| Mar 31, 2025 | 14.35% |
| Jun 30, 2024 | -0.09% |
| Mar 31, 2024 | -1.92% |
| Jun 30, 2023 | -5.58% |
| Mar 31, 2023 | 11.92% |
| Jun 30, 2022 | 7.15% |
| Mar 31, 2022 | -14.92% |
| Jun 30, 2021 | -13.07% |
| Mar 31, 2021 | -16.99% |
| Jun 30, 2019 | -65.01% |
| Mar 31, 2019 | -78.62% |
| Dec 31, 2018 | -35.54% |
| Sep 30, 2018 | -26.03% |
| Jun 30, 2018 | -6.77% |
| Mar 31, 2018 | 12.94% |
| Dec 31, 2017 | 10.57% |
| Sep 30, 2017 | 8.82% |
API Access
Shell Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();