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
DateValue
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