Shell (SHEL) Tax Rate (2009 - 2026)

Shell's (SHEL) quarterly Tax Rate came in at 31.41% in Q2 2026, down 762.0% YoY from 4.75% in Q2 2025, and down 17.92% on a QoQ basis from 38.27% in Q1 2026.

Shell (SHEL) Tax Rate (2009 - 2026) Analysis & Trends

Shell (SHEL) has 18 years of Tax Rate data on file, last reported at 31.41% in Q2 2026.

  • Quarterly Tax Rate fell 762.0% year-over-year to 31.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 31.15% (up 1571.0% YoY) and the FY2025 annual result came in at 39.11%, down 568.0% from the prior year.
  • Tax Rate retreated to 31.41% in Q2 2026, from 38.27% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 50.7% in Q2 2024 to a low of 3.79% in Q3 2022.
  • A 5-year average of 19.56% and a median of 18.31% in 2022 frame the typical range for Tax Rate.
  • Annual changes were most pronounced in 2022 — Tax Rate tumbled 1569 bps — and 2024, when it soared 3382 bps.
  • Tracing SHEL's Tax Rate over 5 years: stood at 3.19% in 2022, then tumbled by 142 bps to 1.36% in 2023, then jumped by 109 bps to 0.12% in 2024, then jumped by 31203 bps to 39.03% in 2025, then fell by 20 bps to 31.41% in 2026.
  • The last three Tax Rate figures came in at 31.41% (Q2 2026), 38.27% (Q1 2026), and 39.03% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn -33.32%
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - 35.81%
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn 43.08%
4 Eni Spa 205.81 Bn 195.97 Bn - -96.99%
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn 31.41%
6 Equinor Asa 98.30 Bn 89.04 Bn - -62.89%
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn -27.49%
8 Imperial Oil 61.22 Bn 60.47 Bn - 23.70%
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn 56.49%
10 Ypf Sociedad Anonima 20.09 Bn 18.40 Bn 1.76 Bn -37.27%

Historic Data

Download Data
DateValue
Jun 30, 2026 31.41%
Jun 30, 2026 31.41%
Jun 30, 2026 31.41%
Mar 31, 2026 38.27%
Mar 31, 2026 38.27%
Mar 31, 2026 38.27%
Jun 30, 2025 39.03%
Jun 30, 2025 39.03%
Jun 30, 2025 39.03%
Mar 31, 2025 45.57%
Mar 31, 2025 45.57%
Mar 31, 2025 45.57%
Dec 31, 2024 0.12%
Dec 31, 2024 0.12%
Dec 31, 2024 0.12%
Sep 30, 2024 -2.23%
Sep 30, 2024 -2.23%
Sep 30, 2024 -2.23%
Jun 30, 2024 50.70%
Jun 30, 2024 50.70%