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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 31.41% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 26.95% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 14.08% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | -32.93% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | -62.89% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 26.47% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 23.43% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 27.19% |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | -32.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |