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 37.42%, down 14.73 percentage points year-over-year; for FY2025, it came in at 39.11%, down 5.68 percentage points from FY2024.
- Tax Rate carries a four-year change of +8.27 percentage points (FY2021 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.
- The Q2 2026 figure represents the lowest quarterly Tax Rate since Q2 2021.
- Year-over-year, Tax Rate increased in 1 of the last four quarters, with an average year-over-year change of -3.41 percentage points.
- The fastest year-over-year change in Tax Rate over five years came in Q1 2025 (a gain of 12.94 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 | 686.62 Bn | 644.76 Bn | - | 24.55% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 26.42% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | - |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | - |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 35.37% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | 26.09% |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 20.67% |
| 10 | Suncor Energy | 83.77 Bn | 64.46 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% |
| Dec 31, 2019 | 18.96% |
| 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% |
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();