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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. Through our business activities we create value for our shareholders, customers and wider society.

Business activities

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

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)

People Value enhanced by trading and optimisation Carbon removals and offsets Technology and operational excellence Fuels Mobility Marine Aviation Commercial road transport Industrial Commercial Lubricants Chemicals Biofuels Electricity Hydrogen Natural gas Liquefied natural gas Gas-to-liquids Energy solutions Assets and capabilities Energy and chemicals parks LNG and GTL Transport Power Renewables Oil Gas Biomass Supporting the delivery of integrated energy solutions Customer sectors 008-create-value Commercial road transport Liquefied natural gas People Value enhanced by trading and optimisation Technology and operational excellence Energy and chemicals parks LNG and GTL Transport Power Renewables Oil Gas Biomass Fuels Lubricants Chemicals Biofuels Electricity Hydrogen Natural gas Gas-to-liquids Customer sectors Mobility Marine Aviation Industrial Commercial Energy solutions Assets and capabilities Supporting the delivery of integrated energy solutions Carbon removals and offsets 008-create-value-tablet