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How we create value

We aim to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible. Our Powering Progress strategy is designed to create value for our shareholders, customers and wider society.

Energy use

 (graph)

Our inputs [A]

Financial capital

$172 billion

Equity attributable to Shell plc shareholders [B]

2020: $155 billion

$81 billion

Non-current debt [B]

2020: $91 billion

$53 billion

Net debt [B][C]

2020: $75 billion

$265 billion

Average capital employed [B]

2020: $277 billion

$20 billion

Cash capital expenditure [C]

2020: $18 billion

Operations

96%

Refining and chemicals availability

2020: 96%

3,237 (kboe/d)

Oil & gas production available for sale

2020: 3,386 (kboe/d)

31 (million tonnes)

LNG liquefaction volumes

2020: 33 (million tonnes)

People

82,000

Number of employees [B]

2020: 87,000

271,000

Number of training days

2020: 234,000

Customers, joint arrangements, Government relations, suppliers.

>70

Operating countries [B]

2020: >70

815 ($ million)

Research and development expenses

2020: 907 ($ million)

8,532

Number of patents [B]

2020: 8,480

Natural resources

9,365 (million boe)

Proved oil and gas reserves [B]

2020: 9,124 (million boe)

223 (million MWh)

Energy consumed

2020: 241 (million MWh)

People Value enhanced bytrading and optimisation Carbon offsets Technology andoperational excellence Fuels Mobility Residential Marine Aviation Agricultureand forestry Commercialroad transport Industrial Commercial Lubricants Chemicals Biofuels Electricity Hydrogen Natural gas Liquefied natural gas Gas-to-liquids Energy Solutions Assets and capabilities Energy and chemicals parks LNG and GTL Transport Power Renewables Oil Gas Biomass Supporting the delivery of integrated energy solutions Customer sectors People Value enhanced bytrading and optimisation Carbon offsets Technology andoperational excellence Energy and chemicals parks LNG and GTL Transport Power Renewables Oil Gas Biomass Fuels Lubricants Chemicals Biofuels Electricity Hydrogen Natural gas Liquefied natural gas Gas-to-liquids Customer sectors Mobility Residential Marine Aviation Agricultureand forestry Commercialroad transport Industrial Commercial Energy Solutions Assets and capabilities Supporting the delivery of integrated energy solutions Energy and chemicals parks LNG and GTL Transport Power Renewables Oil Gas Biomass Fuels Lubricants Chemicals Biofuels Electricity Hydrogen Natural gas Liquefied natural gas Gas-to-liquids Customer sectors Mobility Residential Marine Aviation Agricultureand forestry Commercialroad transport Industrial Commercial People Value enhanced by trading and optimisation Carbon offsets Technology and operational excellence Energy Solutions Supporting the delivery of integrated energy solutions Assets and capabilities

Our outcomes and impacts [A]

Generating Shareholder Value

45 ($ billion)

Cash flow from operating activities

2020: 34 ($ billion)

19 ($ billion)

Adjusted earnings [C]

2020: 5 ($ billion)

55 ($ billion)

Adjusted EBITDA (CCS basis) [C]

2020: 37 ($ billion)

9 ($ billion)

Shareholder distributions [C]

2020: 9 ($ billion)

Achieving Net-Zero Emissions

68

Absolute emissions
(Scope 1 and 2 – million tonnes of CO2 equivalent)

2020: 72
2016: 83

77

Net carbon intensity
(Scope 1, 2 and 3 – grams of CO2 equivalent per megajoule)

2020: 75
2016: 79

Powering Lives

30%

Women in senior leadership positions [B]

2020: 28%

59 ($ billion)

Taxes paid and collected

2020: 47 ($ billion)

38 ($ billion)

Total spend on goods and services

2020: 39 ($ billion)

Respecting Nature

22 (million m3)

Fresh water consumed in our facilities

2020: 22 (million m3)
2018: 25 (million m3)

2 (million tonnes)

Waste disposed

2020: 2 (million tonnes)