Shell (SHEL) Tax Rate (2009 - 2026)
Shell's Tax Rate came in at 31.41% for Q2 2026, down 7.62 percentage points from 39.03% a year earlier and down 6.86 percentage points from the prior quarter.
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Analysis
Shell (SHEL) Tax Rate (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Shell reported Tax Rate of 37.32%, up 18.52 percentage points year-over-year; for FY2025, it came in at 39.11%, down 5.68 percentage points from FY2024.
- Tax Rate carries a five-year change of +18.96 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 44.79% in FY2024 (+4.97 pp), 39.82% in FY2023 (+5.96 pp), 33.85% in FY2022 (+3.01 pp) and 30.84% in FY2021 (+10.69 pp).
- The Q2 2026 figure represents the lowest quarterly Tax Rate since Q1 2024.
- Year-over-year, Tax Rate increased in 1 of the last four quarters, with an average year-over-year change of +4.56 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q2 2024 (a gain of 52.50 percentage points), and the weakest in Q2 2025 (a drop of 11.67 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 23.39% |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | 26.95% |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | - |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | - |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | - |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | 18.22% |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 20.67% |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | - |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.41% |
| Mar 31, 2026 | 38.27% |
| Jun 30, 2025 | 39.03% |
| Mar 31, 2025 | 45.57% |
| Jun 30, 2024 | 50.70% |
| Mar 31, 2024 | 32.63% |
| Jun 30, 2023 | 41.04% |
| Mar 31, 2023 | 38.89% |
| Jun 30, 2022 | 30.28% |
| Mar 31, 2022 | 32.08% |
| Jun 30, 2021 | 13.83% |
| Mar 31, 2021 | 29.78% |
| Mar 31, 2020 | 103.69% |
| Jun 30, 2019 | 35.69% |
| Mar 31, 2019 | 34.53% |
| Dec 31, 2018 | 28.59% |
| Sep 30, 2018 | 37.96% |
| Jun 30, 2018 | 35.61% |
| Mar 31, 2018 | 27.92% |
| Dec 31, 2017 | 39.91% |
API Access
Shell Tax Rate 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=tax-rate&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();