Shell (SHEL) Shares Outstanding (Diluted Average) (2009 - 2025)

Shell has reported Shares Outstanding (Diluted Average) for 16 years, with the latest figure at $5.9 billion in Q4 2025.

• For the quarter ending Q4 2025, Shares Outstanding (Diluted Average) fell 6.52% year-over-year to $5.9 billion; the trailing twelve-month figure through Dec 2025 stood at $5.9 billion (down 6.52% YoY), and the FY2025 full-year result was $5.9 billion, down 6.52% from the prior year.
• Shares Outstanding (Diluted Average) for Q4 2025 stood at $5.9 billion, up from $5.9 billion in the prior quarter.
• The five-year high for Shares Outstanding (Diluted Average) was $6.4 billion in Q3 2024, with the low at $720000.0 in Q1 2021.
• Historically, Shares Outstanding (Diluted Average) has averaged $2.2 billion across 5 years, with a median of $1.7 million in 2023.
• Annual changes were most pronounced in 2021 — Shares Outstanding (Diluted Average) sank 50.21% — and 2025, when it surged 357322.62%.
• Shell's Shares Outstanding (Diluted Average) stood at $1.2 million in 2021, then soared by 185.34% to $3.3 million in 2022, then slumped by 48.34% to $1.7 million in 2023, then soared by 372046.2% to $6.4 billion in 2024, then retreated by 6.52% to $5.9 billion in 2025.
• The last three Shares Outstanding (Diluted Average) figures came in at $5.9 billion (Q4 2025), $5.9 billion (Q3 2025), and $6.0 billion (Q2 2025), per Business Quant data.