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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 sectors