Shell plc (SHEL) — Net Asset Quality Index
Shell plc (SHEL) has a Net Asset Quality Index of 48.0% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of GBX382.49 Billion minus total liabilities of GBX198.73 Billion yields net assets of GBX183.76 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read SHEL total liabilities for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Shell plc Net Asset Quality Index Over Time (1998–2025)
This chart shows how Shell plc's Net Asset Quality Index has evolved across 28 annual periods from 1998 to 2025. As of June 2026, the index stands at 48.0%, representing net assets of GBX183.76 Billion against total assets of GBX382.49 Billion GBX. For live market cap and overall valuation, see market value of Shell plc.
Annual Net Asset Quality Index for Shell plc (1998–2025)
The table below presents the year-by-year Net Asset Quality Index for Shell plc from 1998 to 2025, covering 28 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check asset allocation strategy of Shell plc to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (GBX) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 47.3% | GBX175.38 Billion | GBX370.49 Billion | GBX195.10 Billion | ▲ +0.9 pp |
| 2024 | 46.5% | GBX180.17 Billion | GBX387.61 Billion | GBX207.44 Billion | ▲ +0.1 pp |
| 2023 | 46.4% | GBX188.36 Billion | GBX406.27 Billion | GBX217.91 Billion | ▲ +2.9 pp |
| 2022 | 43.5% | GBX192.60 Billion | GBX443.02 Billion | GBX250.43 Billion | ▲ +0.1 pp |
| 2021 | 43.4% | GBX175.33 Billion | GBX404.38 Billion | GBX229.05 Billion | ▲ +1.6 pp |
| 2020 | 41.8% | GBX158.54 Billion | GBX379.27 Billion | GBX220.73 Billion | ▼ -5.3 pp |
| 2019 | 47.1% | GBX190.46 Billion | GBX404.34 Billion | GBX213.87 Billion | ▼ -3.6 pp |
| 2018 | 50.7% | GBX202.53 Billion | GBX399.19 Billion | GBX196.66 Billion | ▲ +2.1 pp |
| 2017 | 48.6% | GBX197.81 Billion | GBX407.10 Billion | GBX209.28 Billion | ▲ +2.8 pp |
| 2016 | 45.8% | GBX188.51 Billion | GBX411.27 Billion | GBX222.76 Billion | ▼ -2.4 pp |
| 2015 | 48.2% | GBX164.12 Billion | GBX340.16 Billion | GBX176.04 Billion | ▼ -0.7 pp |
| 2014 | 48.9% | GBX172.79 Billion | GBX353.12 Billion | GBX180.33 Billion | ▼ -1.7 pp |
| 2013 | 50.7% | GBX181.15 Billion | GBX357.51 Billion | GBX176.36 Billion | ▲ +0.4 pp |
| 2012 | 50.3% | GBX176.18 Billion | GBX350.29 Billion | GBX174.11 Billion | ▲ +0.8 pp |
| 2011 | 49.5% | GBX171.00 Billion | GBX345.26 Billion | GBX174.25 Billion | ▲ +3.1 pp |
| 2010 | 46.4% | GBX149.78 Billion | GBX322.56 Billion | GBX172.78 Billion | ▼ -0.8 pp |
| 2009 | 47.3% | GBX138.13 Billion | GBX292.18 Billion | GBX154.05 Billion | ▲ +1.6 pp |
| 2008 | 45.6% | GBX128.87 Billion | GBX282.40 Billion | GBX153.53 Billion | ▼ -1.1 pp |
| 2007 | 46.7% | GBX125.97 Billion | GBX269.47 Billion | GBX143.50 Billion | ▼ -2.1 pp |
| 2006 | 48.9% | GBX114.94 Billion | GBX235.28 Billion | GBX120.33 Billion | ▲ +4.2 pp |
| 2005 | 44.6% | GBX97.92 Billion | GBX219.52 Billion | GBX121.59 Billion | ▼ -4.1 pp |
| 2004 | 48.8% | GBX91.38 Billion | GBX187.45 Billion | GBX96.06 Billion | ▲ +1.3 pp |
| 2003 | 47.4% | GBX79.70 Billion | GBX168.09 Billion | GBX88.39 Billion | ▲ +3.4 pp |
| 2002 | 44.1% | GBX67.61 Billion | GBX153.46 Billion | GBX85.85 Billion | ▼ -12.5 pp |
| 2001 | 56.6% | GBX63.11 Billion | GBX111.54 Billion | GBX48.43 Billion | ▲ +7.6 pp |
| 2000 | 49.0% | GBX59.97 Billion | GBX122.50 Billion | GBX62.53 Billion | ▼ -2.9 pp |
| 1999 | 51.8% | GBX59.01 Billion | GBX113.88 Billion | GBX54.87 Billion | ▼ -0.6 pp |
| 1998 | 52.4% | GBX57.66 Billion | GBX110.07 Billion | GBX52.41 Billion | — |