Marketing
Marketing comprises Mobility, Lubricants, and Sectors and Decarbonisation activities. Mobility operates Shell’s retail network, including electric vehicle charging services. Lubricants produces, markets and sells lubricants for road transport, and for machinery used in manufacturing, mining, power generation, agriculture and construction. Sectors and Decarbonisation sells fuels, and speciality products and services, including energy solutions that help customers reduce emissions in the aviation, marine, commercial road transport and agricultural sectors, among others.
($ billion) 2.1 2021: 3.5
($ billion) 2.8 2021: 3.5
($ billion) 2.4 2021: 5.0
(thousand b/d) 2,503 2021: (2,433)
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|
$ million, except where indicated |
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|---|---|---|---|---|---|---|---|---|---|
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2022 |
2021 |
2020 |
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Segment earnings [B] |
2,133 |
3,535 |
4,081 |
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Including: |
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|
|
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Revenue (including inter-segment sales) |
121,243 |
83,748 |
55,997 |
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Share of profit of joint ventures and associates |
237 |
385 |
491 |
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Interest and other income |
(104) |
278 |
143 |
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Operating expenses [C] |
8,384 |
7,501 |
6,305 |
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Underlying operating expenses [C] |
8,281 |
7,366 |
6,161 |
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Depreciation, depletion and amortisation |
1,900 |
1,700 |
1,499 |
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Taxation charge/(credit) |
903 |
903 |
846 |
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Identified Items [C] |
(622) |
68 |
13 |
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Adjusted Earnings [C] |
2,754 |
3,468 |
4,068 |
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Adjusted EBITDA (CCS basis) [C] |
5,324 |
6,021 |
6,455 |
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Capital expenditure |
4,527 |
2,122 |
1,684 |
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Cash capital expenditure [C] |
4,831 |
2,273 |
1,774 |
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Marketing sales volumes (thousand b/d) |
2,503 |
2,433 |
2,276 |
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Business conditions
For the business conditions relevant to Marketing, see “Market overview”.
Marketing sales
In 2022, Marketing sales volumes were 2,503 thousand barrels of oil per day (TBL/day), which was 3% higher than 2021 sales volumes of 2,433 TBL/day, mainly as a result of demand recovery in aviation (within Sectors and Decarbonisation).