EQNR vs. SHEL
Compare and contrast key facts about Equinor ASA (EQNR) and Shell plc (SHEL).
Performance
EQNR vs. SHEL - Performance Comparison
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EQNR vs. SHEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EQNR Equinor ASA | 73.21% | 7.70% | -15.98% | -0.78% | 40.77% | 64.55% | -13.57% | -0.99% | -21.06% |
SHEL Shell plc | 26.42% | 22.16% | -0.87% | 20.19% | 36.18% | 34.27% | -41.08% | 6.38% | -17.76% |
Fundamentals
EQNR:
$1.94
SHEL:
$4.90
EQNR:
20.77
SHEL:
18.77
EQNR:
0.65
SHEL:
0.81
EQNR:
0.99
SHEL:
1.02
EQNR:
$105.80B
SHEL:
$268.66B
EQNR:
$28.50B
SHEL:
$40.60B
EQNR:
$36.46B
SHEL:
$53.98B
Returns By Period
In the year-to-date period, EQNR achieves a 73.21% return, which is significantly higher than SHEL's 26.42% return.
EQNR
- 1D
- -4.29%
- 1M
- 25.94%
- YTD
- 73.21%
- 6M
- 69.08%
- 1Y
- 59.26%
- 3Y*
- 23.93%
- 5Y*
- 24.45%
- 10Y*
- —
SHEL
- 1D
- -1.04%
- 1M
- 9.27%
- YTD
- 26.42%
- 6M
- 29.47%
- 1Y
- 31.04%
- 3Y*
- 21.74%
- 5Y*
- 24.51%
- 10Y*
- 11.63%
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Return for Risk
EQNR vs. SHEL — Risk / Return Rank
EQNR
SHEL
EQNR vs. SHEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinor ASA (EQNR) and Shell plc (SHEL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EQNR | SHEL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.28 | +0.47 |
Sortino ratioReturn per unit of downside risk | 2.32 | 1.72 | +0.60 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.42 | 1.68 | +1.74 |
Martin ratioReturn relative to average drawdown | 5.68 | 6.02 | -0.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQNR | SHEL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.28 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.97 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.23 | +0.10 |
Correlation
The correlation between EQNR and SHEL is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EQNR vs. SHEL - Dividend Comparison
EQNR's dividend yield for the trailing twelve months is around 3.66%, more than SHEL's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQNR Equinor ASA | 3.66% | 7.66% | 12.66% | 11.38% | 3.30% | 2.13% | 4.32% | 5.07% | 3.26% | 0.00% | 0.00% | 0.00% |
SHEL Shell plc | 3.14% | 3.90% | 4.39% | 3.76% | 3.48% | 3.78% | 5.69% | 6.27% | 6.27% | 2.75% | 6.49% | 8.17% |
Drawdowns
EQNR vs. SHEL - Drawdown Comparison
The maximum EQNR drawdown since its inception was -66.77%, smaller than the maximum SHEL drawdown of -71.57%. Use the drawdown chart below to compare losses from any high point for EQNR and SHEL.
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Drawdown Indicators
| EQNR | SHEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.77% | -71.57% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.72% | -17.84% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.50% | -25.04% | -10.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.57% | — |
Current DrawdownCurrent decline from peak | -4.74% | -1.04% | -3.70% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -16.83% | -4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.94% | 5.08% | +5.86% |
Volatility
EQNR vs. SHEL - Volatility Comparison
Equinor ASA (EQNR) has a higher volatility of 13.08% compared to Shell plc (SHEL) at 4.68%. This indicates that EQNR's price experiences larger fluctuations and is considered to be riskier than SHEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQNR | SHEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 4.68% | +8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 24.42% | 15.81% | +8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.02% | 24.36% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.09% | 25.30% | +7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.98% | 30.85% | +5.13% |
Financials
EQNR vs. SHEL - Financials Comparison
This section allows you to compare key financial metrics between Equinor ASA and Shell plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EQNR vs. SHEL - Profitability Comparison
EQNR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Equinor ASA reported a gross profit of -907.93M and revenue of 25.26B. Therefore, the gross margin over that period was -3.6%.
SHEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Shell plc reported a gross profit of 11.33B and revenue of 67.74B. Therefore, the gross margin over that period was 16.7%.
EQNR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Equinor ASA reported an operating income of 7.42B and revenue of 25.26B, resulting in an operating margin of 29.4%.
SHEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Shell plc reported an operating income of 7.82B and revenue of 67.74B, resulting in an operating margin of 11.5%.
EQNR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Equinor ASA reported a net income of 1.31B and revenue of 25.26B, resulting in a net margin of 5.2%.
SHEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Shell plc reported a net income of 5.29B and revenue of 67.74B, resulting in a net margin of 7.8%.