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Consolidated Statement of Changes in Equity

for the year ended December 31, 2023

 

 

 

 

 

 

 

$ 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, 2023

584

(726)

21,132

169,482

190,472

2,125

192,597

Comprehensive income for the period

(83)

19,359

19,276

312

19,588

Transfer from other comprehensive income

(112)

112

Dividends (see Note 29) [A]

(8,389)

(8,389)

(764)

(9,153)

Repurchases of shares [B]

(40)

40

(14,571)

(14,571)

(14,571)

Share-based compensation

(271)

168

(85)

(188)

(188)

Other changes

7

7

82

89

At December 31, 2023

544

(997)

21,145

165,915

186,607

1,755

188,362

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

(57)

57

(18,547)

(18,547)

(18,547)

Share-based compensation

(116)

176

131

191

191

Other changes

(188)

(188)

(1,650)

(1,838)

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

At December 31, 2021

641

(610)

18,909

153,026

171,966

3,360

175,326

[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)