Shell plcSHELNYSE
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Operating Expenses Over TimeContracting
Percentile Rank36
3Y CAGR-4.1%
5Y CAGR+2.0%
Studio
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
-4.1%/yr
vs +3.4%/yr prior
5Y CAGR
+2.0%/yr
Recent deceleration
Acceleration
-7.6pp
Decelerating
Percentile
P36
Within normal range
vs 5Y Ago
1.1x
Modest growth
Streak
2 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$13.81B-13.4%
2024$15.95B-3.2%
2023$16.47B+5.1%
2022$15.67B+15.5%
2021$13.57B+8.2%
2020$12.54B-9.2%
2019$13.81B+0.9%
2018$13.69B+2.3%
2017$13.38B-12.1%
2016$15.22B-