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 | 694.97 Bn | 658.18 Bn | - | 42.37 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 65.60 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 401.00 Mn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 62.71 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 36.67 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 23.29 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 20.57 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 24.43 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 12.56 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 9.85 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.60 Bn |
| Mar 31, 2026 | 75.65 Bn |
| Dec 31, 2025 | 67.62 Bn |
| Sep 30, 2025 | 51.23 Bn |
| Jun 30, 2025 | 75.68 Bn |
| Mar 31, 2025 | 52.91 Bn |
| Dec 31, 2024 | 67.63 Bn |
| Sep 30, 2024 | 47.25 Bn |
| Jun 30, 2024 | 75.47 Bn |
| Mar 31, 2024 | 51.56 Bn |
| Dec 31, 2023 | 81.54 Bn |
| Sep 30, 2023 | 50.59 Bn |
| Jun 30, 2023 | 84.37 Bn |
| Mar 31, 2023 | 53.27 Bn |
| Dec 31, 2022 | 83.80 Bn |
| Sep 30, 2022 | 56.39 Bn |
| Jun 30, 2022 | 52.88 Bn |
| Mar 31, 2022 | 55.52 Bn |
| Dec 31, 2021 | 81.76 Bn |
| Sep 30, 2021 | 68.18 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();