R&D expense · 2015–2025
Shell R&D expense
$1.2B+6.5% · FY2025
Shell (SHEL) reported $1.2B in R&D expense for fiscal 2025, +6.5% year on year.
| Fiscal year | R&D expense | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $1.2B | +6.5% | Open → |
| FY20242024-12-31 | $1.1B | −14.6% | Open → |
| FY20232023-12-31 | $1.3B | +19.7% | Open → |
| FY20222022-12-31 | $1.1B | +31.9% | Open → |
| FY20212021-12-31 | $815M | −10.1% | Open → |
| FY20202020-12-31 | $907M | −5.7% | Open → |
| FY20192019-12-31 | $962M | −2.4% | Open → |
| FY20182018-12-31 | $986M | +6.9% | Open → |
| FY20172017-12-31 | $922M | −9.1% | Open → |
| FY20162016-12-31 | $1.0B | −7.2% | Open → |
| FY20152015-12-31 | $1.1B | — | Open → |
R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2015–2025 compound annual growth +0.7%
Figures are reported under IFRS, in US dollars.
R&D expense at companies of similar size
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Shell R&D expense |url=https://companiesranked.com/en/company/shell/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Shell R&D expense. CompaniesRanked. https://companiesranked.com/en/company/shell/research-and-development-expenseBibTeX
@misc{companiesranked-en-company-shell-research-and-development-expense-2026,
author = {{CompaniesRanked}},
title = {{Shell R\&D expense}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/shell/research-and-development-expense}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 20-F · 0001628280-26-017024 · March 12, 2026
{{cite web |title=Shell R&D expense — 20-F (0001628280-26-017024) |url=https://www.sec.gov/Archives/edgar/data/1306965/000162828026017024/shel-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-03-12}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.