Shell (SHEL) Total Debt (2009 - 2026)
Shell (SHEL) posted Total Debt of $67.13 billion for Q3 2026, down 9.3% from $73.98 billion a year earlier and down 8.1% 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 $75.64 billion, down 1.9% from FY2024.
- Annual Total Debt has declined for five consecutive years, with a five-year compound annual growth rate of -6.9% (FY2020 to FY2025).
- In prior years, Shell's Total Debt was $77.08 billion in FY2024 (-5.5%), $81.54 billion in FY2023 (-2.7%), $83.8 billion in FY2022 (-5.9%) and $89.09 billion in FY2021 (-17.5%).
- The Q3 2026 figure stands as the lowest quarterly Total Debt since Q4 2015.
- On a year-over-year basis, Total Debt has declined in each of the last five quarters, with an average decline of 3.6% over the last eight quarters.
- The strongest year-over-year quarter for Total Debt in the past five years was Q2 2025, with growth of 0.3%; the weakest was Q4 2021, with a decline of 17.5%.
- According to Business Quant data, Total Debt for the three prior quarters was $73.08 billion (Q2 2026), $75.65 billion (Q1 2026) and $75.64 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 699.37 Bn | 657.51 Bn | - | 34.25 Bn |
| 2 | Chevron | 426.27 Bn | 398.39 Bn | 33.45 Bn | 37.08 Bn |
| 3 | Shell | 298.80 Bn | 159.06 Bn | - | 68.39 Bn |
| 4 | TotalEnergies SE | 198.19 Bn | 69.27 Bn | 31,614.00 | 62.99 Bn |
| 5 | Conocophillips | 165.22 Bn | 137.93 Bn | 12.81 Bn | 23.29 Bn |
| 6 | Equinor Asa | 110.77 Bn | 23.62 Bn | 4.49 Bn | 24.40 Bn |
| 7 | Canadian Natural Resources | 104.82 Bn | 101.82 Bn | 8.84 Bn | 12.07 Bn |
| 8 | Phillips 66 | 101.54 Bn | 85.33 Bn | 10.69 Bn | 18.53 Bn |
| 9 | Suncor Energy | 87.72 Bn | 73.47 Bn | - | 9.85 Bn |
| 10 | Eni Spa | 85.56 Bn | 25.19 Bn | - | 38.88 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.39 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();