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How we create value

We aim to meet the world’s growing need for more and sustainable 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.

Brand value

Value of Shell brand ($ billion) [F]: 48

2021: 50

How we create value

Energy use

Overview of our business activities showing the cycle of the use of our Assets and capabilities to deliver integrated energy solutions to our Customer sectors: Mobility, Residential, Marine, Aviation, Agriculture and forestry, Commercial road transport, Industrial and Commercial.  (graph)

Our inputs [A]

Financial capital

190 ($ billion)

Equity attributable to Shell plc shareholders [B]

2021: 172 ($ billion)

75 ($ billion)

Non-current debt [B]

2021: 81 ($ billion)

45 ($ billion)

Net debt [B][C]

2021: 53 ($ billion)

270 ($ billion)

Average capital employed [B]

2021: 265 ($ billion)

25 ($ billion)

Cash capital expenditure [C]

2021: 20 ($ billion)

Operations

96%

Refining and chemicals availability

2021: 96%

2,864 (kboe/d)

Oil & gas production available for sale

2021: 3,237 (kboe/d)

30 (million tonnes)

LNG liquefaction volumes

2021: 31 (million tonnes)

People

93,000

Number of employees [B][D]

2021: 83,000

266,000

Number of training days

2021: 271,000

Customers, joint arrangements, government relations, suppliers.

>70

Operating countries [B]

2021: >70

1,075 ($ million)

Research and development expenses

2021: 815 ($ million)

10,788

Number of patents [B][E]

2021: 8,532

Natural resources

9,578 (million boe)

Proved oil and gas reserves [B]

2021: 9,365 (million boe)

199 (million MWh)

Energy consumed

2021: 233 (million MWh)

PeopleValue enhanced bytrading and optimisationCarbon offsetsTechnology andoperational excellenceFuelsMobilityResidentialMarineAviationAgricultureand forestryCommercialroad transportIndustrialCommercialLubricantsChemicalsBiofuelsElectricityHydrogenNatural gasLiquefied natural gasGas-to-liquidsEnergy SolutionsAssets and capabilitiesEnergy and chemicals parksLNG and GTLTransportPowerRenewablesOilGasBiomassSupporting the delivery of integrated energy solutionsCustomer sectorsPeopleValue enhanced bytrading and optimisationCarbon offsetsTechnology andoperational excellenceEnergy and chemicals parksLNG and GTLTransportPowerRenewablesOilGasBiomassFuelsLubricantsChemicalsBiofuelsElectricityHydrogenNatural gasLiquefied Gas-to-liquidsCustomer sectorsMobilityResidentialMarineAviationAgricultureand forestryCommercialroad transportIndustrialCommercialEnergy SolutionsAssets and capabilitiesSupporting the delivery of integrated energy solutionsFuelsLubricantsChemicalsElectricityLiquefied natural gasEnergy and chemicals parksLNG and GTLTransportPowerRenewablesOilGasBiomassBiofuelsHydrogenNatural gasGas-to-liquidsCustomer sectorsMobilityResidentialMarineAviationAgricultureand forestryCommercialroad transportIndustrialCommercialPeopleValue enhanced by trading and optimisationCarbon offsetsTechnology and operational excellenceEnergy SolutionsSupporting the delivery of integrated energy solutionsAssets and capabilities

Our outcomes and impacts [A]

Generating Shareholder Value

68 ($ billion)

Cash flow from operating activities

2021: 45 ($ billion)

40 ($ billion)

Adjusted earnings [C]

2021: 19 ($ billion)

26 ($ billion)

Shareholder distributions [C]

2021: 9 ($ billion)

Achieving Net-Zero Emissions

58

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

2021: 68
2016: 83

76

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

2021: 77
2016: 79

0.05%

Methane emissions intensity for operated facilities with marketing gas

2021: 0.06%

Powering Lives

30%

Women in senior leadership positions [B]

2021: 30%

68 ($ billion)

Taxes paid and collected

2021: 59 ($ billion)

42 ($ billion)

Total spend on goods and services

2021: 38 ($ billion)

Respecting Nature

18 (million m3)

Fresh water consumed by four major facilities in high water-stressed areas

2021: 22 (million m3)
2018: 25 (million m3)

2 (million tonnes)

Total waste disposed

2021: 2 (million tonnes)

0.06 (thousand tonnes)

Operational spills of more than 100 kilograms

2021: 0.05 (thousand tonnes)

  • [A] In 2022 unless stated otherwise.
  • [B] At December 31.
  • [C] See Non-GAAP measures reconciliations.
  • [D] Employee numbers, including comparatives, have been updated from Full Time Equivalents (FTE) to Headcount.
  • [E] Includes patents granted and pending patent applications.
  • [F] Source: Brand Finance Global 500 (years 2023 and 2022).