Shell Debt to Equity Ratio 2012-2026 | SHEL

Current and historical debt to equity ratio values for Shell (SHEL) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Shell debt/equity for the three months ending March 31, 2026 was 0.38.
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Shell Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2026-03-31 $206.00B $174.60B 1.18
2025-12-31 $195.03B $175.32B 1.11
2025-09-30 $199.92B $177.82B 1.12
2025-06-30 $204.83B $183.09B 1.12
2025-03-31 $208.58B $180.67B 1.15
2024-12-31 $207.44B $180.17B 1.15
2024-09-30 $205.41B $189.54B 1.08
2024-06-30 $207.59B $187.19B 1.11
2024-03-31 $213.74B $188.30B 1.14
2023-12-31 $217.91B $188.36B 1.16
2023-09-30 $220.56B $192.94B 1.14
2023-06-30 $222.94B $192.09B 1.16
2023-03-31 $233.62B $195.53B 1.20
2022-12-31 $250.43B $192.60B 1.30
2022-09-30 $247.12B $190.24B 1.30
2022-06-30 $253.60B $194.30B 1.31
2022-03-31 $245.45B $179.53B 1.37
2021-12-31 $229.05B $175.33B 1.31
2021-09-30 $242.09B $166.68B 1.45
2021-06-30 $226.61B $171.24B 1.32
2021-03-31 $218.45B $166.95B 1.31
2020-12-31 $220.73B $158.54B 1.39
2020-09-30 $218.91B $160.34B 1.37
2020-06-30 $214.65B $160.45B 1.34
2020-03-31 $210.58B $183.38B 1.15
2019-12-31 $213.87B $190.46B 1.12
2019-09-30 $203.19B $192.58B 1.06
2019-06-30 $212.64B $196.25B 1.08
2019-03-31 $211.57B $200.26B 1.06
2018-12-31 $196.66B $202.53B 0.97
2018-09-30 $206.50B $201.49B 1.03
2018-06-30 $205.99B $201.24B 1.02
2018-03-31 $209.41B $201.31B 1.04
2017-12-31 $209.29B $197.81B 1.06
2017-09-30 $214.55B $198.53B 1.08
2017-06-30 $214.53B $196.26B 1.09
2017-03-31 $218.20B $192.75B 1.13
2016-12-31 $222.76B $188.51B 1.18
2016-09-30 $230.92B $188.73B 1.22
2016-06-30 $224.94B $192.51B 1.17
2016-03-31 $218.29B $198.01B 1.10
2015-12-31 $176.04B $164.12B 1.07
2015-09-30 $181.22B $162.48B 1.12
2015-06-30 $178.32B $178.01B 1.00
2015-03-31 $173.01B $168.82B 1.03
2014-12-31 $180.33B $172.79B 1.04
2014-09-30 $178.42B $180.99B 0.99
2014-06-30 $184.60B $186.11B 0.99
2014-03-31 $183.46B $183.13B 1.00
2013-12-31 $176.36B $181.15B 0.97
2013-09-30 $174.21B $180.41B 0.97
2013-06-30 $167.29B $178.22B 0.94
2013-03-31 $175.76B $181.24B 0.97
2012-12-31 $174.11B $176.18B 0.99
2012-09-30 $175.17B $185.18B 0.95
2012-06-30 $167.76B $178.08B 0.94
2012-03-31 $183.43B $167.88B 1.09
2011-12-31 $174.25B $171.00B 1.02
2011-09-30 $181.28B $166.20B 1.09
2011-06-30 $183.51B $167.32B 1.10
2011-03-31 $183.64B $159.68B 1.15
2010-12-31 $172.78B $149.78B 1.15
2010-09-30 $166.21B $144.45B 1.15
2010-06-30 $158.09B $139.16B 1.14
2010-03-31 $157.47B $139.74B 1.13
2009-12-31 $154.05B $138.14B 1.12
2009-09-30 $158.74B $138.51B 1.15
2009-06-30 $156.62B $135.12B 1.16
2009-03-31 $153.38B $127.94B 1.20
2008-12-31 $153.54B $128.87B 1.19
2008-09-30 $161.71B $140.38B 1.15
2008-06-30 $200.77B $141.91B 1.42
2008-03-31 $162.26B $133.16B 1.22
2007-12-31 $143.50B $125.97B 1.14
2007-09-30 $131.55B $120.03B 1.10
2007-06-30 $127.20B $114.34B 1.11
2007-03-31 $127.62B $113.51B 1.12
2006-12-31 $120.33B $114.95B 1.05
2006-09-30 $123.15B $110.29B 1.12
2006-06-30 $122.32B $108.23B 1.13
2006-03-31 $117.06B $102.97B 1.14
2005-12-31 $121.59B $97.92B 1.24
2005-09-30 $141.43B $99.81B 1.42
2005-06-30 $108.43B $94.07B 1.15
2005-03-31 $106.16B $89.34B 1.19
2004-12-31 $96.06B $91.38B 1.05
2004-09-30 $102.48B $81.72B 1.25
2004-06-30 $96.98B $76.09B 1.28
2004-03-31 $94.35B $75.48B 1.25
2003-12-31 $95.18B $63.44B 1.50
2003-09-30 $89.49B $64.38B 1.39
2003-06-30 $88.36B $69.40B 1.27
2003-03-31 $93.10B $66.02B 1.41
2002-12-31 $92.63B $60.06B 1.54
2002-09-30 $83.01B $54.98B 1.51
2002-06-30 $0.00B 0.00
2002-03-31 $0.00B 0.00
2001-12-31 $55.38B $48.44B 1.14
2001-09-30 $52.40B $53.90B 0.97
2001-06-30 $0.00B 0.00
2001-03-31 $0.00B 0.00
2000-12-31 $65.41B $57.09B 1.15
2000-09-30 $0.00B 0.00
2000-06-30 $0.00B 0.00
2000-03-31 $0.00B 0.00
1999-12-31 $57.71B $56.17B 1.03
1999-09-30 $56.49B $57.69B 0.98
1999-06-30 $55.05B $49.60B 1.11
1999-03-31 $48.85B $56.02B 0.87
1998-12-31 $55.11B $54.96B 1.00
1998-09-30 $0.00B 0.00
1998-06-30 $0.00B 0.00
1998-03-31 $0.00B 0.00
1997-12-31 $32.64B $35.43B 0.92
1997-09-30 $0.00B 0.00
1997-06-30 $0.00B 0.00
1997-03-31 $0.00B 0.00
1996-12-31 $35.77B $36.87B 0.97
1996-09-30 $0.00B 0.00
1996-06-30 $0.00B 0.00
1996-03-31 $0.00B 0.00
1995-12-31 $35.29B $35.27B 1.00
1995-09-30 $0.00B 0.00
1995-06-30 $0.00B 0.00
1995-03-31 $0.00B 0.00
1994-12-31 $55.79B $60.57B 0.92
1994-09-30 $0.00B 0.00
1994-06-30 $0.00B 0.00
1994-03-31 $0.00B 0.00
1993-12-31 $0.00B 0.00
1993-09-30 $0.00B 0.00
1993-06-30 $0.00B 0.00
1993-03-31 $0.00B 0.00
1992-12-31 $0.00B 0.00
1992-09-30 $0.00B 0.00
1992-06-30 $0.00B 0.00
1992-03-31 $0.00B 0.00
Sector Industry Market Cap Revenue
Oils/Energy Oil & Gas - International Integrated $261.128B $273.731B
Shell plc operates as an energy and petrochemical company. It explores for and extracts crude oil, natural gas and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products. Shell plc, formerly known as Royal Dutch Shell plc, is based in The Hague, the Netherlands.
Stock Name Country Market Cap PE Ratio
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OMV AG (OMVKY) Austria $22.739B 2.55
YPF Sociedad Anonima (YPF) Argentina $16.893B 0.00
Sasol (SSL) South Africa $8.280B 0.00
Vista Energy, S.A.B De C.V - (VIST) Mexico $6.889B 19.96
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Teekay (TK) Bermuda $1.061B 10.91
Tamboran Resources (TBN) Australia $0.813B 0.00
New Fortress Energy LLC (NFE) United States $0.200B 0.00
Delixy Holdings (DLXY) Singapore $0.008B 0.00