ENB vs. SHEL: Enbridge vs. Shell Stock Comparison

July 23, 2026

How do Enbridge (ENB) and Shell (SHEL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Enbridge (ENB) and Shell (SHEL) both belong to the Oil, Gas & Consumable Fuels industry, though ENB is classified under Oil & Gas Storage & Transportation while SHEL falls under Integrated Oil & Gas.

Enbridge (ENB) trades as ordinary local shares, while Shell (SHEL) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Enbridge (ENB) and Shell (SHEL)
Profile Item	ENB	SHEL
Name	Enbridge Inc.	Shell plc
Country/Region	Canada	United Kingdom
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Storage & Transportation	Integrated Oil & Gas
Market Capitalization	121.11 billion USD	241.28 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 15, 1984	March 12, 1984
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

ENB

SHEL

GSPC

Enbridge (ENB) vs. Shell (SHEL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Enbridge (ENB) and Shell (SHEL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Enbridge (ENB) and Shell (SHEL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
Total Return (1Y)	29.48%	28.77%
Total Return (3Y, Annualized)	21.00%	16.02%
Total Return (5Y, Annualized)	14.30%	22.29%

Risk Profile

Drawdown History

ENB

SHEL

GSPC

Enbridge (ENB) vs. Shell (SHEL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Enbridge (ENB) and Shell (SHEL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
Volatility (1Y, Annualized)	16.67%	21.85%
Beta (5Y)	0.59	0.06
Max Drawdown (5Y)	-28.31%	-25.04%
Avg. Volume (3M)	4.13M	7.23M

Risk-Adjusted Performance

Risk-Return Positioning

ENB and SHEL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
Sharpe Ratio (1Y)	1.53	1.13
Sortino Ratio (1Y)	2.35	1.65

Profitability

ROE (TTM)

Both Enbridge (ENB) at 10.13% and Shell (SHEL) at 10.70% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ENB

Energy industry group

10.13%

Max: 37.23%
Q3: 15.97%
ENB: 10.13%
Median: 9.26%
Q1: -1.11%
Min: -20.70%

SHEL

Energy industry group

10.70%

Max: 37.23%
Q3: 15.97%
SHEL: 10.70%
Median: 9.26%
Q1: -1.11%
Min: -20.70%

Enbridge (ENB) vs. Shell (SHEL): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Enbridge (ENB) at 10.00% and Shell (SHEL) at 7.01% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ENB

Energy industry group

10.00%

Max: 46.37%
Q3: 18.84%
ENB: 10.00%
Median: 6.23%
Q1: 0.00%
Min: -27.23%

SHEL

Energy industry group

7.01%

Max: 46.37%
Q3: 18.84%
SHEL: 7.01%
Median: 6.23%
Q1: 0.00%
Min: -27.23%

Enbridge (ENB) vs. Shell (SHEL): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Enbridge (ENB) at 14.73% and Shell (SHEL) at 14.87% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ENB

Energy industry group

14.73%

Max: 68.02%
Q3: 29.22%
ENB: 14.73%
Median: 12.12%
Q1: 0.00%
Min: -41.46%

SHEL

Energy industry group

14.87%

Max: 68.02%
Q3: 29.22%
SHEL: 14.87%
Median: 12.12%
Q1: 0.00%
Min: -41.46%

Enbridge (ENB) vs. Shell (SHEL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
ROE (TTM)	10.13%	10.70%
ROA (TTM)	3.17%	4.99%
Net Margin (TTM)	10.00%	7.01%
Operating Margin (TTM)	14.73%	14.87%
Gross Margin (TTM)	38.86%	25.86%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% sits in the top revenue growth quartile, while Shell (SHEL) at -6.13% is closer to the peer norm — faster top-line expansion for ENB.

Enbridge (ENB) vs. Shell (SHEL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Enbridge (ENB) at 37.61% sits in the top EPS growth quartile, while Shell (SHEL) at 18.58% is closer to the peer norm — faster per-share earnings growth for ENB.

Enbridge (ENB) vs. Shell (SHEL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
Revenue Growth (YoY)	21.92%	-6.13%
Revenue Growth (3Y CAGR)	6.94%	-11.21%
EPS Growth (YoY)	37.61%	18.58%
EPS Growth (3Y CAGR)	36.00%	-19.31%

Financial Strength

Current Ratio (MRQ)

Shell (SHEL) at 1.28 keeps current ratio within its industry’s typical mid-range, while Enbridge (ENB) at 0.81 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ENB.

ENB

Energy industry group

0.81

Max: 3.33
Q3: 2.11
Median: 1.30
Q1: 0.83
ENB: 0.81
Min: 0.08

SHEL

Energy industry group

1.28

Max: 3.33
Q3: 2.11
Median: 1.30
SHEL: 1.28
Q1: 0.83
Min: 0.08

Enbridge (ENB) vs. Shell (SHEL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Shell (SHEL) at 0.43 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.60 uses more debt funding than most peers.

ENB

Energy industry group

1.60

Max: 2.02
ENB: 1.60
Q3: 1.01
Median: 0.61
Q1: 0.31
Min: 0.00

SHEL

Energy industry group

0.43

Max: 2.02
Q3: 1.01
Median: 0.61
SHEL: 0.43
Q1: 0.31
Min: 0.00

Enbridge (ENB) vs. Shell (SHEL): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
Current Ratio (MRQ)	0.81	1.28
Debt / Equity (MRQ)	1.60	0.43
Net Debt / EBITDA	6.33	1.07

Dividends

Dividend Yield (TTM)

Enbridge (ENB) at 6.82% delivers top-quartile income for its industry, while Shell (SHEL) at 1.72% pays a more typical yield — both are credible income propositions, ENB the richer one.

ENB

Energy industry group

6.82%

Max: 8.32%
ENB: 6.82%
Q3: 3.37%
Median: 1.41%
Q1: 0.00%
Min: 0.00%

SHEL

Energy industry group

1.72%

Max: 8.32%
Q3: 3.37%
SHEL: 1.72%
Median: 1.41%
Q1: 0.00%
Min: 0.00%

Enbridge (ENB) vs. Shell (SHEL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 128.73%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Shell (SHEL) reports 45.05%, ranking against industry peers normally.

ENB

Energy industry group

128.73%

Max: 139.86%
ENB: 128.73%
Q3: 62.17%
Median: 31.82%
Q1: 0.00%
Min: 0.00%

SHEL

Energy industry group

45.05%

Max: 139.86%
Q3: 62.17%
SHEL: 45.05%
Median: 31.82%
Q1: 0.00%
Min: 0.00%

Enbridge (ENB) vs. Shell (SHEL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
Dividend Yield (TTM)	6.82%	1.72%
Dividend Payout Ratio (TTM)	128.73%	45.05%

Valuation

P/E Ratio (TTM)

Both Enbridge (ENB) at 26.79 and Shell (SHEL) at 13.58 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ENB

Energy industry group

26.79

Max: 56.89
Q3: 30.88
ENB: 26.79
Median: 17.62
Q1: 11.21
Min: 1.65

SHEL

Energy industry group

13.58

Max: 56.89
Q3: 30.88
Median: 17.62
SHEL: 13.58
Q1: 11.21
Min: 1.65

Enbridge (ENB) vs. Shell (SHEL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Shell (SHEL) at 0.90 sits in the cheaper P/S ratio quartile while Enbridge (ENB) at 1.75 prices around its industry’s middle — SHEL costs less per dollar of sales, though read it alongside growth and margins.

ENB

Energy industry group

1.75

Max: 5.86
Q3: 3.19
Median: 1.90
ENB: 1.75
Q1: 1.00
Min: 0.00

SHEL

Energy industry group

0.90

Max: 5.86
Q3: 3.19
Median: 1.90
Q1: 1.00
SHEL: 0.90
Min: 0.00

Enbridge (ENB) vs. Shell (SHEL): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Shell (SHEL) at 1.42 is valued about in line with its industry on P/B ratio, while Enbridge (ENB) at 2.93 carries an above-peer premium to book — ENB is pricier on assets.

ENB

Energy industry group

2.93

Max: 5.02
ENB: 2.93
Q3: 2.85
Median: 1.76
Q1: 1.21
Min: 0.01

SHEL

Energy industry group

1.42

Max: 5.02
Q3: 2.85
Median: 1.76
SHEL: 1.42
Q1: 1.21
Min: 0.01

Enbridge (ENB) vs. Shell (SHEL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Enbridge (ENB) and Shell (SHEL)
Metric	ENB	SHEL
P/E Ratio (TTM)	26.79	13.58
P/S Ratio (TTM)	1.75	0.90
P/B Ratio (MRQ)	2.93	1.42
Free Cash Flow Yield (TTM)	-1.18%	6.48%