Shell (SHEL) Total Liabilities (2009 - 2026)
Shell (SHEL) recorded Total Liabilities of $198.73 billion in Q2 2026, down 3.0% from $204.83 billion a year earlier and down 3.5% from the prior quarter.
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Analysis
Shell (SHEL) Total Liabilities (2009 - 2026) Analysis & Trends
At the end of FY2025, Shell reported Total Liabilities of $195.03 billion, down 6.0% from FY2024.
- Annual Total Liabilities has declined for three straight years, with a five-year compound annual growth rate of -2.4% (FY2020 to FY2025).
- Across earlier years, Total Liabilities came in at $207.44 billion in FY2024 (-5.6%), $219.66 billion in FY2023 (-13.0%), $252.55 billion in FY2022 (+10.3%) and $229.05 billion in FY2021 (+3.8%).
- Quarterly Total Liabilities has ranged from $195.03 billion in Q4 2025 to $252.55 billion in Q4 2022 over the past five years.
- On a year-over-year basis, Total Liabilities has declined for 11 consecutive quarters, with an average decline of 3.6% over the last eight quarters.
- Peak year-over-year performance for Total Liabilities in the last five years was growth of 12.4% in Q1 2022, against a decline of 13.0% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $206 billion (Q1 2026), $195.03 billion (Q4 2025) and $199.92 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 198.37 Bn |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | 134.58 Bn |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | 222.14 Bn |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | 204.96 Bn |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 58.91 Bn |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | -43.46 Bn |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 50.45 Bn |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | 46.59 Bn |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | 109.37 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 222.14 Bn |
| Jun 30, 2026 | 199.73 Bn |
| Mar 31, 2026 | 207.02 Bn |
| Dec 31, 2025 | 195.96 Bn |
| Sep 30, 2025 | 199.92 Bn |
| Jun 30, 2025 | 206.78 Bn |
| Mar 31, 2025 | 208.58 Bn |
| Dec 31, 2024 | 209.30 Bn |
| Sep 30, 2024 | 205.41 Bn |
| Jun 30, 2024 | 209.38 Bn |
| Mar 31, 2024 | 213.74 Bn |
| Dec 31, 2023 | 219.66 Bn |
| Sep 30, 2023 | 222.30 Bn |
| Jun 30, 2023 | 224.57 Bn |
| Mar 31, 2023 | 235.84 Bn |
| Dec 31, 2022 | 252.55 Bn |
| Sep 30, 2022 | 250.84 Bn |
| Jun 30, 2022 | 257.40 Bn |
| Mar 31, 2022 | 248.99 Bn |
| Dec 31, 2021 | 232.41 Bn |
API Access
Shell Total Liabilities 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-liabilities&ticker=SHEL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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-liabilities&ticker=SHEL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();