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 Gearing Ratio (Net Debt / Total Capital) by Year
Gearing Ratio (Net Debt / Total Capital) (%) (%)
Shell Gearing Ratio (Net Debt / Total Capital): 18.7% in FY2026, down 2.0 pts from a year earlier.
Latest, FY2026
18.7%
Period ended Dec 31, 2026
Change on a year earlier
-2.0 pts
20.7% in FY2025
History
10 years
Since FY2017
Sources
2
Documents cited below
Where the FY2026 figure comes from
Source: Shell Q2 2026 Quarterly Databook (Excel) ↗
Reported in Shell Quarterly Databook (Q1 2017 – Q2 2026).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Gearing Ratio (Net Debt / Total Capital) (%) (%) | Year on year | Source |
|---|---|---|---|---|
| FY2026 | Dec 31, 2026 | 18.7% | -2.0 pts | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2025 | Dec 31, 2025 | 20.7% | +3.0 pts | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2024 | Dec 31, 2024 | 17.7% | -1.1 pts | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2023 | Dec 31, 2023 | 18.8% | -0.1 pts | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2022 | Dec 31, 2022 | 18.9% | -4.2 pts | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2021 | Dec 31, 2021 | 23.1% | -9.1 pts | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2020 | Dec 31, 2020 | 32.2% | +2.9 pts | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
| FY2019 | Dec 31, 2019 | 29.3% | +9.0 pts | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
| FY2018 | Dec 31, 2018 | 20.3% | -4.7 pts | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
| FY2017 | Dec 31, 2017 | 25.0% | – | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
Cite this data
StockData. (2026). Shell Gearing Ratio (Net Debt / Total Capital) (%), annual FY2017–FY2026 [Data set]. Compiled from Shell SEC filings and investor materials. https://stockdatahq.com/stocks/shel/kpis/shell-gearing-pct
See every metric in the Shell KPI table. Data updated Oct 25, 2026.