Shell annual return on equity
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Shell Return on Equity (ROE) Growth & History (SHEL)
Shell's return on equity was 10.27% for fiscal 2025.
View full Shell company overviewShell annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 10.27% | +1.22 pp |
| 2024 | 2024-12-31 | 9.05% | −1.36 pp |
| 2023 | 2023-12-31 | 10.41% | −13.24 pp |
| 2022 | 2022-12-31 | 23.66% | +11.05 pp |
| 2021 | 2021-12-31 | 12.61% | +25.21 pp |
| 2020 | 2020-12-31 | −12.60% | −21.13 pp |
| 2019 | 2019-12-31 | 8.53% | −3.63 pp |
| 2018 | 2018-12-31 | 12.17% | +5.11 pp |
| 2017 | 2017-12-31 | 7.05% | +4.33 pp |
| 2016 | 2016-12-31 | 2.72% | — |
Shell quarterly return on equity
Q3.18
Q2.19
Q2.20
Q2.21
Q2.22
Q2.23
Q2.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 6.11% | +4.08 pp |
| Q1 2026 | 2026-03-31 | 3.27% | — |
| Q4 2025 | 2025-12-31 | 2.36% | — |
| Q3 2025 | 2025-09-30 | 2.98% | — |
| Q2 2025 | 2025-06-30 | 2.03% | +0.07 pp |
| Q2 2024 | 2024-06-30 | 1.96% | +0.31 pp |
| Q2 2023 | 2023-06-30 | 1.66% | −8.41 pp |
| Q2 2022 | 2022-06-30 | 10.06% | +7.86 pp |
| Q2 2021 | 2021-06-30 | 2.20% | +12.74 pp |
| Q2 2020 | 2020-06-30 | −10.54% | −12.15 pp |
| Q2 2019 | 2019-06-30 | 1.62% | — |
| Q3 2018 | 2018-09-30 | 3.08% | — |
Shell return on equity trends
Over the last five fiscal years, Shell's return on equity increased from −12.60% to 10.27%, a change of +22.88 percentage points. The latest reported quarter, Q2 2026, shows 6.11%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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