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Friday 6 November 2026 Export SHEL’s income statement to Excel — free account

Shell PLC Unsponsored ADR

SHEL Energy Oil & Gas Integrated

Shell PLC Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $273.7 billion, down 5.29% from fiscal 2024.

Revenue
+35.4%
EPS
+137.7%
Free cash flow
+89.6%
Total debt
+2.84%

Quarter to September 2026, against a year earlier

100.32 1.54 −1.51%
Market cap
$284.5B
P/E
8.6×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
2.37
Beneish M
−2.79
Dividend safety
61/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Shell PLC Unsponsored ADR (SHEL) Debt to equity

Alert me on Debt to equity

Shell PLC Unsponsored ADR's debt to equity at the end of the quarter to 30 September 2026 was 0.4×, down 0.1× from fiscal 2025 (0.4×). Over the past ten years it has ranged from 0.4× (fiscal 2015) to 0.7× (fiscal 2020); the current reading is higher than 36% of that period. That is below the Oil & Gas Integrated industry median of 0.5× and below the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.4× 0.86%
FY2024 0.4× (1.18%)
FY2023 0.4× (0.51%)
FY2022 0.4× (14.37%)
FY2021 0.5× (25.42%)
FY2020 0.7× 34.56%
FY2019 0.5× 33.48%
FY2018 0.4× (12.42%)
FY2017 0.4× (11.72%)
FY2016 0.5× 37.93%

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.4× (5.15%)
Jun 2026 0.4× (7.20%)
Mar 2026 0.4× 0.39%
Dec 2025 0.4× 3.73%
43 more quarters

Against its own ten years

Low 0.4× High 0.7×
Ten-year median 0.4×
Current reading's percentile 36

Debt to equity against peers

Company Debt to equity
XOM ExxonMobil Holdings Corporation compare 0.1×
CVX Chevron Corporation compare 0.2×
CVE Cenovus Energy Inc compare 0.3×
SHEL Shell PLC Unsponsored ADR 0.4×
TTE TotalEnergies SE Sponsored ADR compare 0.5×
EQNR Equinor ASA compare 0.5×
E Eni SpA compare 0.6×
PBR Petroleo Brasileiro S.A.- Petrobras compare 0.7×
BP BP p.l.c. compare 0.7×
Oil & Gas Integrated industry median 0.5×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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