Quick Answer
Shell plc reported R&D Expense of $1.17 billion for fiscal year 2025.
Shell plc R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.17B | +6.5% |
| 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 | -7.2% |
| 2015 | $1.09B | — |
- Shell plc showed an increase of +6.5% in R&D Expense compared to the prior fiscal year.
- Over the 2015–2025 period, Shell plc’s r&d expense has grown by 7.0% (from $1.09 billion to $1.17 billion).
- The most recent figure is from Shell plc’s fiscal year 2025 report (Form 20-F), filed with the SEC on March 12, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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