Shell (SHEL) Total Debt (2009 - 2026)

Shell (SHEL) reported Total Debt of $75.6 billion for Q1 2026, down 1.13% on a YoY basis from $76.5 billion in Q1 2025, and little changed quarter-over-quarter from $75.6 billion in Q4 2025.

Shell (SHEL) Total Debt (2009 - 2026) Analysis & Trends

Shell has reported Total Debt for 15 years, with the latest figure at $75.6 billion in Q1 2026.

  • For the quarter ending Q1 2026, Total Debt fell 1.13% year-over-year to $75.6 billion; the trailing twelve-month figure through Mar 2026 stood at $75.6 billion (down 1.13% YoY), and the FY2025 full-year result was $75.6 billion, down 1.86% from the prior year.
  • Total Debt for Q1 2026 stood at $75.6 billion, roughly flat from $75.6 billion in the prior quarter.
  • The five-year high for Total Debt was $86.0 billion in Q1 2022, with the low at $74.0 billion in Q3 2025.
  • Historically, Total Debt has averaged $79.7 billion across 5 years, with a median of $79.9 billion in 2024.
  • Annual changes were most pronounced in 2022 — Total Debt retreated 16.32% — and 2023, when it rose 0.75%.
  • Shell's Total Debt stood at $83.8 billion in 2022, then slipped by 2.69% to $81.5 billion in 2023, then slipped by 5.47% to $77.1 billion in 2024, then slipped by 1.86% to $75.6 billion in 2025, then climbed by 0.0% to $75.6 billion in 2026.
  • The last three Total Debt figures came in at $75.6 billion (Q1 2026), $75.6 billion (Q4 2025), and $74.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (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 - 47.66 Bn
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 64,008.00
4 Shell 546.31 Bn 505.07 Bn - 75.65 Bn
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn 5.83 Bn
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn 7.75 Bn
7 Eni Spa 252.26 Bn 242.70 Bn - 28.58 Bn
8 Bp 196.12 Bn 159.56 Bn - 52.20 Bn
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn 7.37 Bn
10 Imperial Oil 42.92 Bn 42.17 Bn - 2.91 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 75.65 Bn
Dec 31, 2025 75.64 Bn
Sep 30, 2025 73.98 Bn
Jun 30, 2025 75.68 Bn
Mar 31, 2025 76.51 Bn
Dec 31, 2024 77.08 Bn
Sep 30, 2024 76.61 Bn
Jun 30, 2024 75.47 Bn
Mar 31, 2024 79.93 Bn
Dec 31, 2023 81.54 Bn
Sep 30, 2023 82.15 Bn
Jun 30, 2023 84.37 Bn
Mar 31, 2023 85.14 Bn
Dec 31, 2022 83.80 Bn
Sep 30, 2022 81.99 Bn
Jun 30, 2022 83.74 Bn
Mar 31, 2022 86.05 Bn
Dec 31, 2021 89.09 Bn
Sep 30, 2021 95.39 Bn
Jun 30, 2021 100.08 Bn