Shell PLC 4% 2046 bond (US822582BQ44)
As of 2026-10-27 · rebuilt daily
https://bondscovery.com/bond/US822582BQ44
Shell PLC's 4% USD bond maturing 2046-05-10 (US822582BQ44) yields 6.03% to worst as of 2026-10-27. That is 71 bp over the US Treasury curve at the same maturity and 51 bp below the fitted Netherlands Investment Grade Corporate Bond (USD) curve.
Against its curves
Each curve's fitted yield at this bond's maturity (at its call date, where it is priced to call), and the bond's spread to it.
| Curve | Curve yield | Spread |
|---|---|---|
| US Treasury Yields | 5.32% | +71 bp |
| Netherlands Investment Grade Corporate Bond Yields (USD) | 6.54% | -51 bp |
| US AAA–AA Oil & Gas Corporate Bond Yields (USD) | 6.06% | -3 bp |
| US Investment Grade Oil & Gas Corporate Bond Yields (USD) | 6.31% | -28 bp |
| US AAA–AA Corporate Bond Yields (USD) | 6.02% | +0 bp |
| US Investment Grade Corporate Bond Yields (USD) | 6.41% | -38 bp |
The bond
| ISIN | US822582BQ44 |
|---|---|
| Issuer | Shell PLC |
| Issuer type | Corporate |
| Country | Netherlands |
| Sector | Oil & Gas |
| Currency | USD |
| Coupon | 4% |
| Coupon frequency | Semiannual |
| Maturity | 2046-05-10 |
| Rating band | AAA–AA (Investment Grade) |
| Yield to worst | 6.03% |