Consolidated Statement of Changes in Equity

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$ million

Equity attributable to Shell plc shareholders

Share capital
(see Note 26)

Shares held in trust

Other
reserves
(see Note 28)

Retained earnings

Total

Non-controlling interest

Total equity

At January 1, 2022

641

(610)

18,909

153,026

171,966

3,360

175,326

Comprehensive income for the period

–

–

2,024

42,309

44,333

621

44,954

Transfer from other comprehensive income

–

–

(34)

34

–

–

–

Dividends (see Note 29) [A]

–

–

–

(7,283)

(7,283)

(206)

(7,489)

Repurchases of shares [B]

(57)

–

57

(18,547)

(18,547)

–

(18,547)

Share-based compensation

–

(116)

176

131

191

–

191

Other changes

–

–

–

(188)

(188)

(1,650) [C]

(1,838)

At December 31, 2022

584

(726)

21,132

169,482

190,472

2,125

192,597

At January 1, 2021

651

(709)

12,752

142,616

155,310

3,227

158,537

Comprehensive income for the period

–

–

6,134

20,101

26,235

468

26,703

Transfer from other comprehensive income

–

–

(45)

45

–

–

–

Dividends (see Note 29) [A]

–

–

–

(6,321)

(6,321)

(348)

(6,669)

Repurchases of shares

(10)

–

10

(3,513)

(3,513)

–

(3,513)

Share-based compensation

–

99

58

93

250

–

250

Other changes

–

–

–

5

5

13

18

December 31, 2021

641

(610)

18,909

153,026

171,966

3,360

175,326

At January 1, 2020

657

(1,063)

14,451

172,431

186,476

3,987

190,463

Comprehensive (loss)/income for the period

–

–

(1,832)

(21,397)

(23,229)

136

(23,093)

Transfer from other comprehensive income

–

–

270

(270)

–

–

–

Dividends (see Note 29) [A]

–

–

–

(7,270)

(7,270)

(311)

(7,581)

Repurchases of shares

(6)

–

6

(1,214)

(1,214)

–

(1,214)

Share-based compensation

–

354

(143)

(230)

(19)

–

(19)

Other changes

–

–

–

566

566

(585)

(19)

At December 31, 2020

651

(709)

12,752

142,616

155,310

3,227

158,537

[A]	The amount charged to retained earnings is based on prevailing exchange rates on payment date.
[B]	Includes shares committed to repurchase under irrevocable contracts and repurchases subject to settlement at the end of the year. (See Note 26)
[C]	The decrease in the non-controlling interest is mainly attributable to the acquisition of the non-controlling interest in Shell Midstream Partners, L.P.