Shell (SHEL) Total Debt (2009 - 2026)
Shell's (SHEL) quarterly Total Debt came in at $85.7 billion in Q1 2026, down 2.5% YoY from $87.9 billion in Q1 2025, and up 1.1% on a QoQ basis from $84.8 billion in Q4 2025.
Analysis
Shell (SHEL) Total Debt (2009 - 2026) Analysis & Trends
Shell (SHEL) has 15 years of Total Debt data on file, last reported at $85.7 billion in Q1 2026.
- Quarterly Total Debt fell 2.5% year-over-year to $85.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $85.7 billion (down 2.5% YoY) and the FY2025 annual result came in at $84.8 billion, up 9.98% from the prior year.
- Total Debt grew to $85.7 billion in Q1 2026, from $84.8 billion in the prior quarter.
- In the past five years, Total Debt ranged from a high of $94.2 billion in Q1 2023 to a low of $75.5 billion in Q2 2024.
- A 5-year average of $86.5 billion and a median of $86.1 billion in 2025 frame the typical range for Total Debt.
- Annual changes were most pronounced in 2022 — Total Debt decreased 20.39% — and 2025, when it increased 14.13%.
- Tracing SHEL's Total Debt over 5 years: 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 gained by 9.98% to $84.8 billion in 2025, then climbed by 1.1% to $85.7 billion in 2026.
- The last three Total Debt figures came in at $85.7 billion (Q1 2026), $84.8 billion (Q4 2025), and $84.0 billion (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 73.08 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 25.00 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 62.71 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 30.47 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 24.43 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 7.12 Bn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 2.88 Bn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 6.19 Bn |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 8.52 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 73.08 Bn |
| Mar 31, 2026 | 75.65 Bn |
| Sep 30, 2025 | 84.00 Bn |
| Jun 30, 2025 | 75.68 Bn |
| Mar 31, 2025 | 87.90 Bn |
| Sep 30, 2024 | 88.63 Bn |
| Jun 30, 2024 | 75.47 Bn |
| Mar 31, 2024 | 90.98 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 |
| Sep 30, 2022 | 81.99 Bn |
| Jun 30, 2022 | 83.74 Bn |
| Mar 31, 2022 | 86.05 Bn |
| Sep 30, 2021 | 95.39 Bn |
| Jun 30, 2021 | 100.08 Bn |
| Mar 31, 2021 | 102.37 Bn |
| Sep 30, 2020 | 109.06 Bn |
| Jun 30, 2020 | 104.99 Bn |