Definitions
a
-
acre
approximately 0.004 square kilometres
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Act
UK Companies Act 2006
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ADS
American Depositary Share
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AGM
Annual General Meeting
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API
American Petroleum Institute
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APM
Alternative performance measure
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ARC
Audit and Risk Committee
b
-
b(/d)
barrels (per day)
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bbl
barrel
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boe(/d)
barrels of oil equivalent (per day); natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel
c
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CCS
carbon capture and storage
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CCS earnings
earnings on a current cost of supplies basis
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CFFO
cash flow from operating activities
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CISO
Chief Information Security Officer
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CMD
Capital Markets Day
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CMF
carbon management framework
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CO2
carbon dioxide
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CO2e
carbon dioxide equivalent
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COP28
28th meeting of the Conference of the Parties to the United Nations Climate Change Conferences
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CRC
Carbon Reporting Committee
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CRT
Commercial Road Transport
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CSRD
Corporate Sustainability Reporting Directive
d
-
DE&I
Diversity, equity, and inclusion
e
-
EC
Executive Committee
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EMTN
Euro medium-term note
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EPS
earnings per share
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EPSA
exploration and production sharing agreement
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EPTB
Environmental Products Trading Business
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ETS24
Energy Transition Strategy 2024
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EV
Electric vehicle
f
-
FCF
free cash flow
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FID
final investment decision
g
-
GAAP
generally accepted accounting principles
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GHG
greenhouse gas
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GJ
gigajoule
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GTL
gas-to-liquids
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GW
gigawatt
h
-
HSSE
health, safety, security and environment'
i
-
IAS
International Accounting Standards
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IEA
International Energy Agency
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IFRS
International Financial Reporting Standard(s)
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IOGP
International Association of Oil & Gas Producers
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IPCC
Intergovernmental Panel on Climate Change
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IPIECA
International Petroleum Industry Environmental Conservation Association
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IRM
Information Risk Management
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ISO
International Organisation for Standardisation
k
-
kboe(/d)
thousand barrels of oil equivalent (per day); natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel
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KPI
Key performance indicator
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kWh
kilowatt-hours
l
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LGBT+
Lesbian, gay, bisexual and transgender
-
LNG
liquefied natural gas
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LPG
liquefied petroleum gas
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LTIP
Long-term Incentive Plan
m
-
mb/d
million barrels per day
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megajoule
a unit of energy equal to one million joules
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MMBtu
million British thermal units
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mtpa
million tonnes per annum
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MW
megawatt
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MWh
megawatt hours
n
-
NBS
Nature-Based Solutions
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NCF
Net Carbon Footprint
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NCI
net carbon intensity
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NGL
natural gas liquids
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NGO
Non-governmental organisation
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NM3
normal cubic metre
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NOMCO
Nomination and Succession Committee
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NZE
Net zero emissions
o
-
OECD
Organisation for Economic Co-operation and Development
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OFCF
organic free cash flow
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OGCI
Oil and gas climate initiative
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OML
oil mining lease
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OPEC
Organization of the Petroleum Exporting Countries
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OPEC+
12 members of the OPEC and 11 other non-OPEC members
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OPL
oil prospecting licence
p
-
per day
volumes are converted into a daily basis using a calendar year
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PSC
production-sharing contract
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PSP
Performance Share Plan
q
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QRA
Quarterly Results Announcement
r
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R&D
Research and development
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REMCO
Remuneration Committee
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RNG
Renewable natural gas
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RT
real terms
s
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scf(/d)
standard cubic feet (per day)
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SEAM
Safety, Environment and Asset Management
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SEC
US Securities and Exchange Commission
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SGBP
Shell General Business Principles
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SIAI
Shell Internal Audit and Investigations
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SP
social performance
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SUSCO
Sustainability Committee
t
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TCFD
Task Force on Climate-related Financial Disclosures
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TRCF
total recordable case frequency
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TSR
total shareholder return
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TWh
terawatt hours
w
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WACC
weighted average cost of capital
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WTI
West Texas Intermediate