Shell (SHEL) Tax Rate (2015 - 2025)
Shell (SHEL) reported Tax Rate of 39.03% for Q2 2025, down 1167.0% on a YoY basis from 3.66% in Q2 2024, and down 14.36% quarter-over-quarter from 45.57% in Q1 2025.
Shell (SHEL) Tax Rate (2015 - 2025) Analysis & Trends
Shell has reported Tax Rate for 11 years, with the latest figure at 39.03% in Q2 2025.
- For the quarter ending Q2 2025, Tax Rate fell 1167.0% year-over-year to 39.03%; the trailing twelve-month figure through Jun 2025 stood at 52.15% (up 391.0% YoY), and the FY2025 full-year result was 39.11%, down 568.0% from the prior year.
- Tax Rate for Q2 2025 stood at 39.03%, down from 45.57% in the prior quarter.
- The five-year high for Tax Rate was 50.7% in Q2 2024, with the low at 22086.14% in Q4 2022.
- Historically, Tax Rate has averaged 3590.57% across 5 years, with a median of 32.36% in 2022.
- Annual changes were most pronounced in 2021 — Tax Rate plunged 7391 bps — and 2022, when it soared 1646 bps.
- Shell's Tax Rate stood at 13.83% in 2021, then tumbled by 159847 bps to 22086.14% in 2022, then soared by 100 bps to 41.04% in 2023, then advanced by 24 bps to 50.7% in 2024, then fell by 23 bps to 39.03% in 2025.
- The last three Tax Rate figures came in at 39.03% (Q2 2025), 45.57% (Q1 2025), and 50.7% (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | - |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 35.81% |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | -14.16% |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 43.59% |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 24.66% |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 42.81% |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | - |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 23.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | 39.03% |
| Jun 30, 2025 | 39.03% |
| Mar 31, 2025 | 45.57% |
| Mar 31, 2025 | 45.57% |
| Jun 30, 2024 | 50.70% |
| Jun 30, 2024 | 50.70% |
| Mar 31, 2024 | 32.63% |
| Mar 31, 2024 | 32.63% |
| Jun 30, 2023 | 41.04% |
| Jun 30, 2023 | 41.04% |
| Mar 31, 2023 | 38.89% |
| Mar 31, 2023 | 38.89% |
| Dec 31, 2022 | -22,086.14% |
| Dec 31, 2022 | -22,086.14% |
| Sep 30, 2022 | -21,354.55% |
| Sep 30, 2022 | -21,354.55% |
| Jun 30, 2022 | 30.28% |
| Jun 30, 2022 | 30.28% |
| Mar 31, 2022 | 32.08% |
| Mar 31, 2022 | 32.08% |