Definitions

a

• acre

  approximately 0.004 square kilometres

• ADS

  American Depositary Share

• AGM

  Annual General Meeting

• API

  American Petroleum Institute

b

• 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

c

• CCS

  carbon capture and storage

• CCS earnings

  earnings on a current cost of supplies basis

• CO₂

  carbon dioxide

e

• EMTN

  Euro medium-term note

• EPS

  earnings per share

f

• FCF

  free cash flow

• FID

  final investment decision

g

• GAAP

  generally accepted accounting principles

• GHG

  greenhouse gas

• GTL

  gas-to-liquids

h

• HSSE

  health, safety, security and environment

i

• IAS

  International Accounting Standards

• IEA

  International Energy Agency

• IFRS

  International Financial Reporting Standard(s)

• IOGP

  International Association of Oil & Gas Producers

• IPIECA

  International Petroleum Industry Environmental Conservation Association

k

• kboe(/d)

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

l

• LNG

  liquefied natural gas

• LPG

  liquefied petroleum gas

• LTIP

  Long-term Incentive Plan

m

• megajoule

  a unit of energy equal to one million joules

• MMBtu

  million British thermal units

• mtpa

  million tonnes per annum

n

• NGL

  natural gas liquids

• NGO

  non-governmental organisation

• NYSE

  New York Stock Exchange

o

• OECD

  Organisation for Economic Co-operation and Development

• OECD

  Organisation for Economic Co-operation and Development

• OML

  oil mining lease

• OML

  oil mining lease

• OPEC

  Organization of the Petroleum Exporting Countries

• OPEC

  Organization of the Petroleum Exporting Countries

• OPL

  oil prospecting licence

• OPL

  oil prospecting license

p

• per day

  volumes are converted into a daily basis using a calendar year

• per day

  volumes are converted into a daily basis using a calendar year

• PSC

  production-sharing contract

• PSC

  production-sharing contract

• PSP

  Performance Share Plan

• PSP

  Performance Share Plan

• PUD

  proved undeveloped reserves

r

• R&D

  research and development

• REMCO

  Remuneration Committee

• REMCO

  Remuneration Committee

• ROACE

  return on average capital employed

s

• scf(/d)

  standard cubic feet (per day)

• scf(/d)

  standard cubic feet (per day)

• SEC

  US Securities and Exchange Commission

• SEC

  US Securities and Exchange Commission

• SPDC

  Shell Petroleum Development Company of Nigeria Limited

t

• TRCF

  total recordable case frequency

• TRCF

  total recordable case frequency

• TSR

  total shareholder return

• TSR

  total shareholder return

w

• WTI

  West Texas Intermediate