Shell plc
Close on Nov 2, 2026Market cap $298.55BP/E –Yield –
Shell Shell Indicative Refining Margin by Year
Shell Indicative Refining Margin ($/bbl, incl. Q3 2026 Actual $42/bbl) ($)
Shell Shell Indicative Refining Margin: $20.60 in FY2026, up 103.2% from a year earlier.
Where the FY2026 figure comes from
Source: Shell Q2 2026 Quarterly Databook (Excel) ↗
Shell Indicative Refining Margin ($/bbl). Q3 2026 ($42/bbl) was officially announced by Shell prior to the quarterly report in Form 6-K 3Q26 Update Note on 07/10/2026.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Shell Indicative Refining Margin ($/bbl, incl. Q3 2026 Actual $42/bbl) ($) | Year on year | Source |
|---|---|---|---|---|
| FY2026 | Dec 31, 2026 | 20.60 | +103.2% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2025 | Dec 31, 2025 | 10.14 | +31.0% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2024 | Dec 31, 2024 | 7.74 | -37.8% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2023 | Dec 31, 2023 | 12.45 | -30.9% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2022 | Dec 31, 2022 | 18.03 | +276.4% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2021 | Dec 31, 2021 | 4.79 | – | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
Breakdown
What makes up shell Indicative Refining Margin
Cite this data
StockData. (2026). Shell Shell Indicative Refining Margin ($), annual FY2021–FY2026 [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.