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. Through our business activities we create value for our shareholders, customers and wider society.
Business activities
Energy use
Our inputs [A]
Financial capital
187 ($ billion)
Equity attributable to Shell plc shareholders [B]
2022: 190 ($ billion)
82 ($ billion)
Total debt [B]
2022: 84 ($ billion)
44 ($ billion)
Net debt* [B]
2022: 45 ($ billion)
273 ($ billion)
Average capital employed [B]
2022: 270 ($ billion)
24 ($ billion)
Cash capital expenditure*
2022: 25 ($ billion)
Operations
91%
Refining and chemicals availability
2022: 96%
2,791 (kboe/d)
Oil & gas production available for sale
2022: 2,864 (kboe/d)
28 (million tonnes)
LNG liquefaction volumes
2022: 30 (million tonnes)
Human capital
103 (thousands)
Number of employees [B]
2022: 93 (thousands)
295 (thousands)
Number of training days
2022: 266 (thousands)
Relationships & Intellectual capital
1
Ranking in the Global 500 list most valuable oil & gas company [C]
2022: 1
>70 Operating countries
Customers, joint arrangements, government relations, suppliers [B]
2022: >70 Operating countries
1,287 ($ million)
Research and development expenses
2022: 1,075 ($ million)
8,829
Number of patents [B][D]
2022: 8,647
Natural resources
9,787 (million boe)
Proved oil and gas reserves [B]
2022: 9,578 (million boe)
205 (million MWh)
Energy consumed [E]
2021: 209 (million MWh)
Our outcomes and impacts for our stakeholders [A]
Generating
Shareholder Value
54 ($ billion)
Cash flow from operating activities
2022: 68 ($ billion)
36 ($ billion)
Free cash flow*
2022: 46 ($ billion)
23 ($ billion)
Shareholder distributions*
2022: 26 ($ billion)
28 ($ billion)
Adjusted Earnings*
2022: 40 ($ billion)
Achieving
Net-Zero Emissions
57
Absolute emissions
(Scope 1 and 2 – million tonnes of CO2 equivalent)
2022: 58
2016: 83
74
Net carbon intensity (grams of CO2 equivalent per megajoule)
2022: 76
2016: 79
0.05%
Methane emissions intensity
2022: 0.05%
Powering
Lives
32%
Women employees in senior leadership positions [B]
2022: 30%
67 ($ billion)
Taxes paid and collected*
2022: 68 ($ billion)
49 ($ billion)
Total spend on goods and services* [F]
2022: 48 ($ billion)
Respecting
Nature
17 (million m3)
Fresh water consumed by four major facilities in high water-stressed areas
2022: 18 (million m3)
2018: 25 (million m3)
2 (million tonnes)
Total waste disposed
2022: 2 (million tonnes)
0.37 (thousand tonnes)
Operational spills of more than 100 kilograms
2022: 0.06 (thousand tonnes)
- * Non-GAAP measure (see Non-GAAP measures reconciliations).
- [A] In 2023 unless stated otherwise.
- [B] At December 31.
- [C] Source: Brand Finance Global 500.
- [D] Includes patents granted and pending patent applications. Number of patents in 2022 has been revised.
- [E] 2022 figure restated, following the review of data.
- [F] 2022 comparative has been revised following a new reporting methodology.
