At December 31. Including proved developed and undeveloped reserves. Natural gas volumes are converted to oil equivalent using a factor of 5,800 scf per barrel.
This statistic was assembled using several editions of the report.
Shell reported 9.6 billion barrels of oil equivalent oil and gas reserves as of December 31, 2024. Most were listed under subsidiaries, at 8.16 billion barrels. The figure included both proved and undeveloped reserves. In the period of consideration, the record low was in 2020, at 9.1 billion barrels of oil equivalent.
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Shell. (March 25, 2025). Oil and gas reserves of Shell from 2010 to 2024 (in million barrels of oil equivalent) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/260332/shells-oil-and-gas-reserves/
Shell. "Oil and gas reserves of Shell from 2010 to 2024 (in million barrels of oil equivalent)." Chart. March 25, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/260332/shells-oil-and-gas-reserves/
Shell. (2025). Oil and gas reserves of Shell from 2010 to 2024 (in million barrels of oil equivalent). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/260332/shells-oil-and-gas-reserves/
Shell. "Oil and Gas Reserves of Shell from 2010 to 2024 (in Million Barrels of Oil Equivalent)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 25 Mar 2025, /statistics/260332/shells-oil-and-gas-reserves/
Shell, Oil and gas reserves of Shell from 2010 to 2024 (in million barrels of oil equivalent) ÌÇÐÄÆƽâ°æ, /statistics/260332/shells-oil-and-gas-reserves/ (last visited July 20, 2026)
Oil and gas reserves of Shell from 2010 to 2024 (in million barrels of oil equivalent) [Graph], Shell, March 25, 2025. [Online]. Available: /statistics/260332/shells-oil-and-gas-reserves/
