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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 27,549.63 Bn |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 47.66 Bn |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 32.83 Bn |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 28.58 Bn |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | - |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 21.59 Bn |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 7.37 Bn |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 2.91 Bn |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 62.71 Bn |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 8.53 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.71 Bn |
| Dec 31, 2025 | 84.77 Bn |
| Sep 30, 2025 | 84.00 Bn |
| Jun 30, 2025 | 86.13 Bn |
| Mar 31, 2025 | 87.90 Bn |
| Dec 31, 2024 | 77.08 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 | 92.27 Bn |
| Jun 30, 2023 | 84.37 Bn |
| Mar 31, 2023 | 94.19 Bn |
| Dec 31, 2022 | 83.80 Bn |
| Sep 30, 2022 | 90.04 Bn |
| Jun 30, 2022 | 90.26 Bn |
| Mar 31, 2022 | 93.08 Bn |
| Dec 31, 2021 | 89.09 Bn |
| Sep 30, 2021 | 106.08 Bn |
| Jun 30, 2021 | 113.12 Bn |