Shell (SHEL) Shares Outstanding (2012 - 2026)
Shell's (SHEL) quarterly Shares Outstanding (Entity) came in at $1.1 billion in Q4 2025, up 18.74% YoY from $944.9 million in Q4 2024, and up 25.77% on a QoQ basis from $892.2 million in Q2 2025.
Analysis
Shell (SHEL) Shares Outstanding (2012 - 2026) Analysis & Trends
Shell (SHEL) has 13 years of Shares Outstanding (Entity) data on file, last reported at $1.1 billion in Q4 2025.
- Quarterly Shares Outstanding (Entity) rose 18.74% year-over-year to $1.1 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.1 billion (up 18.74% YoY) and the FY2025 annual result came in at $1.1 billion, up 18.74% from the prior year.
- Shares Outstanding (Entity) improved to $1.1 billion in Q4 2025, from $892.2 million in the prior quarter.
- In the past five years, Shares Outstanding (Entity) ranged from a high of $1.2 billion in Q4 2022 to a low of $488.0 in Q1 2021.
- A 5-year average of $983.7 million and a median of $1.1 billion in 2025 frame the typical range for Shares Outstanding (Entity).
- Annual changes were most pronounced in 2024 — Shares Outstanding (Entity) fell 20.48% — and 2025, when it grew 18.74%.
- Tracing SHEL's Shares Outstanding (Entity) over 5 years: stood at $488.0 in 2021, then surged by 250939107.58% to $1.2 billion in 2022, then fell by 2.97% to $1.2 billion in 2023, then slipped by 20.48% to $944.9 million in 2024, then rose by 18.74% to $1.1 billion in 2025.
- The last three Shares Outstanding (Entity) figures came in at $1.1 billion (Q4 2025), $892.2 million (Q2 2025), and $905.0 million (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 5.89 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 1.97 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 2.19 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 3.02 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 2.59 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 1.22 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 483.60 Mn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 1.81 Bn |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | 752.76 Mn |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 391.95 Mn |
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 |