Shell (SHEL) Total Debt (2009 - 2026)
Shell (SHEL) posted Total Debt of $65.6 billion for Q2 2026, down 13.3% from $75.68 billion a year earlier and down 13.3% from the prior quarter.
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Analysis
Shell (SHEL) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Shell's Total Debt came in at $67.62 billion, unchanged from FY2024.
- Annual Total Debt shows a five-year compound annual growth rate of -5.9% (FY2020 to FY2025).
- In prior years, Shell's Total Debt was $67.63 billion in FY2024 (-17.1%), $81.54 billion in FY2023 (-2.7%), $83.8 billion in FY2022 (+2.5%) and $81.76 billion in FY2021 (-10.7%).
- Quarterly Total Debt has run from a low of $47.25 billion in Q3 2024 to a high of $84.37 billion in Q2 2023 over five years.
- On a year-over-year basis, Total Debt increased in four of the last eight quarters, with growth averaging 2.2%.
- The strongest year-over-year quarter for Total Debt in the past five years was Q1 2026, with growth of 43.0%; the weakest was Q1 2022, with a decline of 35.3%.
- According to Business Quant data, Total Debt for the three prior quarters was $75.65 billion (Q1 2026), $67.62 billion (Q4 2025) and $51.23 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 42.37 Bn |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | 37.08 Bn |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | 67.13 Bn |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | 62.99 Bn |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 23.29 Bn |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 24.40 Bn |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | 12.07 Bn |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 18.53 Bn |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | 9.85 Bn |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | 38.88 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 67.13 Bn |
| Jun 30, 2026 | 73.08 Bn |
| 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 |
API Access
Shell Total Debt 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=total-debt&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();