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Shell plc (SHEL) operating KPIs

SHELNYSECrude Petroleum & Natural GasFiscal year ends December 31Also trades as RYDAF
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Mar 12, 2026Score 5/30
$108.69+1.02 (+0.95%)

Close on Oct 30, 2026Market cap $309.22BP/E –Yield –

Shell gearing Ratio (Net Debt / Total Capital) (%) (%)

Shell Quarterly Databook (Q1 2017 – Q2 2026)

Latest, Q2 2026
18.7%
Period ended Jun 30, 2026
Change on a year earlier
-0.4 pts
19.1% in Q2 2025
History
38 quarters
Since Q1 2017
Sources
2
Documents cited below

Quarterly history

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

PeriodEndedGearing Ratio (Net Debt / Total Capital) (%) (%)Year on yearSource
Q2 2026Jun 30, 202618.7%-0.4 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q1 2026Mar 31, 202623.2%+4.5 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q4 2025Dec 31, 202520.7%+3.0 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q3 2025Sep 30, 202518.8%+3.1 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q2 2025Jun 30, 202519.1%+2.1 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q1 2025Mar 31, 202518.7%+1.0 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q4 2024Dec 31, 202417.7%-1.1 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q3 2024Sep 30, 202415.7%-1.6 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q2 2024Jun 30, 202417.0%-0.3 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q1 2024Mar 31, 202417.7%-0.7 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q4 2023Dec 31, 202318.8%-0.1 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q3 2023Sep 30, 202317.3%-3.0 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q2 2023Jun 30, 202317.3%-2.0 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q1 2023Mar 31, 202318.4%-2.9 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q4 2022Dec 31, 202218.9%-4.2 ptsShell Q2 2026 Quarterly Databook (Excel) ↗
Q3 2022Sep 30, 202220.3%-5.3 ptsShell Q2 2026 Quarterly Databook (Excel) ↗

Cite this data

StockData. (2026). Shell Gearing Ratio (Net Debt / Total Capital) (%) (%), quarterly Q1 2017–Q2 2026 [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.