Shell plc (SHEL): return on equity, 10 filed years
ROE at Shell plc was 10.2% in FY2025, the newest filed year. Across the 10 computed years from FY2016 it ranged from -14.0% (FY2020) to 22.2% (FY2022), with a median of 9.6%.
Tonight's figure on the company page: 10.2%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | ROE | Read from |
|---|---|---|
| FY2016 | 2.5% | 20-F, filed 2018-03-15 |
| FY2017 | 6.7% | 20-F, filed 2018-03-15 |
| FY2018 | 11.8% | 20-F, filed 2019-03-14 |
| FY2019 | 8.5% | 20-F, filed 2020-03-12 |
| FY2020 | -14.0% | 20-F, filed 2021-03-11 |
| FY2021 | 11.7% | 20-F, filed 2022-03-10 |
| FY2022 | 22.2% | 20-F, filed 2023-03-09 |
| FY2023 | 10.4% | 20-F, filed 2024-03-14 |
| FY2024 | 9.0% | 20-F, filed 2025-03-25 |
| FY2025 | 10.2% | 20-F, filed 2026-03-12 |
How each year is computed
Net income / shareholders equity x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.