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Shell plc

SHELNYSECrude Petroleum & Natural GasFiscal year ends December 31Also trades as RYDAF
Financials through Q2 FY2026, quarter ended Jun 30, 2026Score 5/30
$104.94−3.75 (-3.45%)

Close on Nov 2, 2026Market cap $298.55BP/E –Yield –

Shell Shell Indicative Refining Margin by Quarter

Shell Indicative Refining Margin ($/bbl, incl. Q3 2026 Actual $42/bbl) ($)

QuarterlyAnnual

Shell Shell Indicative Refining Margin: $42 in Q3 2026, up 262.1% from a year earlier. That is the highest of the 23 quarters on record here.

Latest, Q3 2026
42
Period ended Sep 30, 2026
Change on a year earlier
+262.1%
11.60 in Q3 2025
History
23 quarters
Since Q1 2021
Sources
7
Documents cited below

Where the Q3 2026 figure comes from

Source: SEC Form 6-K (3Q26 Update Note) ↗

Shell Indicative Refining Margin ($/bbl). Q3 2026 ($42/bbl) was officially announced by Shell prior to the quarterly report in Form 6-K 3Q26 Update Note on 07/10/2026.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedShell Indicative Refining Margin ($/bbl, incl. Q3 2026 Actual $42/bbl) ($)Year on yearSource
Q3 2026Sep 30, 202642+262.1%SEC Form 6-K (3Q26 Update Note) ↗
Q2 2026Jun 30, 202624+169.7%SEC Form 6-K (3Q26 Update Note) ↗
Q1 2026Mar 31, 202617+174.2%SEC Form 6-K (1Q26 Update Note) ↗
Q4 2025Dec 31, 202514+152.7%SEC Form 6-K (4Q25 Update Note) ↗
Q3 2025Sep 30, 202511.60+109.8%SEC Form 6-K (3Q25 Update Note) ↗
Q2 2025Jun 30, 20258.90+15.3%SEC Form 6-K (2Q25 Update Note) ↗
Q1 2025Mar 31, 20256.20-49.3%SEC Form 6-K (1Q25 Update Note) ↗
Q4 2024Dec 31, 20245.54-45.6%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q3 2024Sep 30, 20245.53-64.8%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q2 2024Jun 30, 20247.72-14.3%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q1 2024Mar 31, 202412.24-18.5%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q4 2023Dec 31, 202310.18-45.7%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q3 2023Sep 30, 202315.72+4.6%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q2 2023Jun 30, 20239.01-67.9%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q1 2023Mar 31, 202315.01+46.7%Shell Q2 2026 Quarterly Databook (Excel) ↗
Q4 2022Dec 31, 202218.74+186.1%Shell Q2 2026 Quarterly Databook (Excel) ↗

Breakdown

What makes up shell Indicative Refining Margin

Cite this data

StockData. (2026). Shell Shell Indicative Refining Margin ($), quarterly Q1 2021–Q3 2026 [Data set]. Compiled from Shell SEC filings and investor materials. https://stockdatahq.com/stocks/shel/kpis/prod-indicative-refining-margin

See every metric in the Shell KPI table. Data updated Oct 25, 2026.