Shell plcSHELNYSE
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R&D Expenses Over TimeStable
Percentile Rank71
3Y CAGR+2.9%
5Y CAGR+5.3%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+2.9%/yr
vs +2.2%/yr prior
5Y CAGR
+5.3%/yr
Consistent
Acceleration
+0.8pp
Accelerating
Percentile
P71
Within normal range
vs 5Y Ago
1.3x
Solid growth
Streak
1 yr
Consecutive growthStable
PeriodValueYoY Change
2025$1.17B+6.7%
2024$1.10B-14.6%
2023$1.29B+19.7%
2022$1.07B+31.9%
2021$815.00M-10.1%
2020$907.00M-5.7%
2019$962.00M-2.4%
2018$986.00M+6.9%
2017$922.00M-9.1%
2016$1.01B-