Abbreviations

 

Currencies

$/USD

US dollar

€/EUR

euro

£/GBP

sterling

Units of measurement

acre

approximately 0.004 square kilometres

b(/d)

barrels (per day)

boe(/d)

barrels of oil equivalent (per day); natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel

kboe(/d)

thousand barrels of oil equivalent (per day)

km

kilometres

mboe(/d)

million barrels of oil equivalent (per day)

MMBtu

million British thermal units

mtpa

million tonnes per annum

MT

million tonnes

MW

megawatts

per day

volumes are converted to a daily basis using a calendar year

scf(/d)

standard cubic feet (per day)

Products

GTL

gas to liquids

LNG

liquefied natural gas

LPG

liquefied petroleum gas

NGL

natural gas liquids

 

Miscellaneous

ADS

American Depositary Share

CCS

carbon capture and storage

CCS earnings

earnings on a current cost of supplies basis

CO2

carbon dioxide

EOR

enhanced oil recovery

FCF

Free cash flow

FID

final investment decision

FLNG

floating liquefied natural gas

FPSO

floating production, storage and offloading

IFRS

International Financial Reporting Standard(s)

JV&A

Shell share of joint ventures and associates

LRS

liquids-rich shale

OML

oil mining lease

P&T

Projects & Technology

PSC

production-sharing contract

R&D

research and development

ROACE

return on average capital employed

SEC

US Securities and Exchange Commission

SUBS

Shell subsidiaries

TSR

total shareholder return

WTI

West Texas Intermediate