Shell plc (SHEL) operating KPIs
SHELNYSECrude Petroleum & Natural GasFiscal year ends December 31Also trades as RYDAF
$108.69+1.02 (+0.95%)
Close on Oct 30, 2026Market cap $309.22BP/E –Yield –
Shell net Debt (Incl. Lease Liabilities) ($M) ($M)
Shell Quarterly Databook (Q1 2017 – Q2 2026)
Latest, FY2026
41,754
Period ended Dec 31, 2026
Change on a year earlier
-8.6%
45,687 in FY2025
History
10 years
Since FY2017
Sources
2
Documents cited below
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Net Debt (Incl. Lease Liabilities) ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2026 | Dec 31, 2026 | 41,754 | -8.6% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2025 | Dec 31, 2025 | 45,687 | +17.7% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2024 | Dec 31, 2024 | 38,809 | -10.9% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2023 | Dec 31, 2023 | 43,542 | -2.9% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2022 | Dec 31, 2022 | 44,837 | -14.7% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2021 | Dec 31, 2021 | 52,556 | -30.3% | Shell Q2 2026 Quarterly Databook (Excel) ↗ |
| FY2020 | Dec 31, 2020 | 75,386 | -4.7% | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
| FY2019 | Dec 31, 2019 | 79,093 | +53.8% | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
| FY2018 | Dec 31, 2018 | 51,428 | -22.0% | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
| FY2017 | Dec 31, 2017 | 65,944 | – | Shell Q4 2020 Quarterly Databook (Excel) ↗ |
Breakdown
What makes up net debt (incl. lease liabilities) ($m)
- Net Debt Excluding Lease Liabilities ($M, Form 20-F)16,754 · FY2025
- Total Debt ($M)73,076 · FY2026
- Of which: Lease Liabilities ($M)29,627 · FY2026
- Total Capital (Net Debt + Total Equity) ($M)223,534 · FY2026
- Gearing Ratio (Net Debt / Total Capital) (%)18.7% · FY2026
- ROACE on an Adjusted Earnings plus NCI Basis (%)12.4% · FY2026
- Total Capital Employed — Closing ($M)223,483 · FY2026
Cite this data
StockData. (2026). Shell Net Debt (Incl. Lease Liabilities) ($M) ($M), annual FY2017–FY2026 [Data set]. Compiled from Shell SEC filings and investor materials. https://stockdatahq.com/stocks/shel/kpis/shell_net_debt
See every metric in the Shell KPI table. Data updated Oct 25, 2026.