Shell (SHEL) Shares Outstanding (2010 - 2026)
Shell (SHEL) recorded Shares Outstanding of 5.89 billion in Q2 2026, down 6.5% from 6.3 billion a year earlier and unchanged from the prior quarter.
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Analysis
Shell (SHEL) Shares Outstanding (2010 - 2026) Analysis & Trends
Starting with Q1 2009, Shell's Shares Outstanding history includes 68 quarters.
- Annual Shares Outstanding has declined for seven straight years, with a five-year compound annual growth rate of -5.4% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 6.3 billion in FY2024 (-6.4%), 6.73 billion in FY2023 (-8.4%), 7.35 billion in FY2022 (-5.3%) and 7.76 billion in FY2021 (-0.4%).
- Quarterly Shares Outstanding has ranged from 5.89 billion in Q4 2025 to 7.8 billion in Q3 2021 over the past five years.
- On a year-over-year basis, Shares Outstanding has declined for 11 consecutive quarters, with an average decline of 6.7% over the last eight quarters.
- Over the past five years, the year-over-year decline in Shares Outstanding ranged from 0.4% (Q1 2022) to 8.4% (Q4 2023).
- Per Business Quant, the preceding three quarters came in at 5.89 billion (Q1 2026), 5.89 billion (Q4 2025) and 6.3 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 4.17 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 5.89 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 1.97 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 2.19 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 3.02 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 1.21 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 400.95 Mn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 2.59 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 2.09 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 1.22 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.89 Bn |
| Mar 31, 2026 | 5.89 Bn |
| Dec 31, 2025 | 5.89 Bn |
| Sep 30, 2025 | 6.30 Bn |
| Jun 30, 2025 | 6.30 Bn |
| Mar 31, 2025 | 6.30 Bn |
| Dec 31, 2024 | 6.30 Bn |
| Sep 30, 2024 | 6.73 Bn |
| Jun 30, 2024 | 6.73 Bn |
| Mar 31, 2024 | 6.73 Bn |
| Dec 31, 2023 | 6.73 Bn |
| Sep 30, 2023 | 7.35 Bn |
| Jun 30, 2023 | 7.35 Bn |
| Mar 31, 2023 | 7.35 Bn |
| Dec 31, 2022 | 7.35 Bn |
| Sep 30, 2022 | 7.76 Bn |
| Jun 30, 2022 | 7.76 Bn |
| Mar 31, 2022 | 7.76 Bn |
| Dec 31, 2021 | 7.76 Bn |
| Sep 30, 2021 | 7.80 Bn |
API Access
Shell Shares Outstanding 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=shares-outstanding&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();