Shell (MEX:SHEL N) Total Liabilities: MXN3,714,682 Mil (As of Mar. 2026)

What is Shell Total Liabilities?

Shell MEX:SHEL N 70 Total Liabilities is MXN3,714,682 Mil as of Mar. 2026. GuruFocus rates MEX:SHEL N with a GF Score™ of 70/100 and a GF Value™ of MXN659.94 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Shell's Total Liabilities for the quarter that ended in Mar. 2026 was MXN3,714,682 Mil.

Shell's quarterly Total Liabilities declined from Sep. 2025 (MXN3,667,280.74 Mil) to Dec. 2025 (MXN3,511,669.68 Mil) but then increased from Dec. 2025 (MXN3,511,669.68 Mil) to Mar. 2026 (MXN3,714,682.11 Mil).

Shell's annual Total Liabilities increased from Dec. 2023 (MXN3,698,824.43 Mil) to Dec. 2024 (MXN4,326,327.26 Mil) but then declined from Dec. 2024 (MXN4,326,327.26 Mil) to Dec. 2025 (MXN3,511,669.68 Mil).

Shell Total Liabilities Related Terms

Shell Total Liabilities Historical Data

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The historical data trend for Shell's Total Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shell Total Liabilities Chart

Shell Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Total Liabilities

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4,698,813.76

4,882,324.80

3,698,824.43

4,326,327.26

3,511,669.68

Shell Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Total Liabilities	Get a 7-Day Free Trial															4,267,089.53	3,856,841.53	3,667,280.74	3,511,669.68	3,714,682.11

70GF Score

Shell PLC MEX:SHEL N

Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.

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Shell Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Shell's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1483939.766	+	(1197649.136	+	621232.663
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	0	+	128488.675	+	80359.439)
	=	3,511,670

Total Liabilities	=	Total Assets (A: Dec. 2025 )	-	Total Equity (A: Dec. 2025 )
	=	6668410.999	-	3156741.32
	=	3,511,670

Shell's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1685570.568	+	(1182656.598	+	630152.703
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit	+	NonCurrent Deferred Income Tax)
	+	0	+	123992.845	+	80359.439)
	=	3,714,682

Total Liabilities	=	Total Assets (Q: Mar. 2026 )	-	Total Equity (Q: Mar. 2026 )
	=	6863209.56	-	3148527.455
	=	3,714,682

Frequently Asked Questions Learn more about Total Liabilities →

What does a Total Liabilities of MXN3,714,682 Mil mean?

Shell (MEX:SHEL N) has a Total Liabilities of MXN3,714,682 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Shell and its competitors.

Is Shell's Total Liabilities too high?

Shell's current Total Liabilities is MXN3,714,682 Mil. Overall, Shell has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Shell's Total Liabilities compare to XOM and CVX?

Shell's Total Liabilities of MXN3,714,682 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Total Liabilities for an Oil & Gas company?

A good Total Liabilities depends on the Oil & Gas industry context. However, Total Liabilities should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Total Liabilities mean?

A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Shell and its competitors. Shell's current Total Liabilities is MXN3,714,682 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shell stock overvalued right now?

Based on GuruFocus' analysis, Shell (MEX:SHEL N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN659.94, compared to a current price of MXN718.72 — trading 8.9% above its estimated fair value. The current Total Liabilities is MXN3,714,682 Mil. Shell's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Total Liabilities calculated?

Total Liabilities is calculated from a company's financial statements. For Shell (MEX:SHEL N), the current Total Liabilities is MXN3,714,682 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shell (MEX:SHEL N) Overvalued in 2026?

Based on GuruFocus' analysis, Shell stock appears to be overvalued. The current stock price of MXN718.72 is trading 8.9% above its estimated GF Value™ of MXN659.94. GuruFocus considers Shell to be Significantly Overvalued.

Key valuation signals for MEX:SHEL N:

Total Liabilities: MXN3,714,682 Mil
GF Value™: MXN659.94 vs. price of MXN718.72 (8.9% above fair value)
GF Score™: 70/100 with 2 warning signs

No single metric tells the full story. See the MEX:SHEL N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shell Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:BP.LSE:CASP LSE:QED LSE:NOG SAU:2222 XOM CVX SHSE:601857 XPAR:TTE BSP:PETR3 OSL:EQNR HKSE:00386 ADX:ADNOCGAS MIL:ENI TSX:SU TSX:IMO TSX:CVE WAR:PKN BOM:500312 BKK:PTT

Other Exchanges RYDAF:USA SHEL:USA SHELL:Netherlands SHEL1 N:Mexico SHELl:UK SHEL:UK R6C0:Germany SHELL:Czech Republic R6C0:Bulgaria SHEL:Argentina

Address Shell Centre, London, GBR, SE1 7NA

Website https://www.shell.com

Shell is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2025, it produced 1.5 million barrels of liquids and 7.3 billion cubic feet of natural gas per day. At year-end 2025, reserves stood at 8.1 billion barrels of oil equivalent, 44% of which consisted of liquids. Its production and reserves are in Europe, Asia, Oceania, Africa, and North and South America. The company operates refineries with a capacity of 1.4 mmb/d located in the Americas, Asia, and Europe, and sells about 9 million tons per year of chemicals. Its largest chemical plants, often integrated with its local refineries, are in Northwestern Europe, China, and North America.

70GF Score

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MXN718.72

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MXN659.94

GF Value

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