Our businesses and organisation
Financial data
Projects
Outlook
Glossary
A
acre
approximately 0.004 square kilometres
ADS
American Depositary Share
AGM
Annual General Meeting
API
American Petroleum Institute
B
b(/d)
barrels (per day)
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
CCS
carbon capture and storage
CCS earnings
earnings on a current cost of supplies basis
CEO
Chief Executive Officer
CFO
Chief Financial Officer
CO2
carbon dioxide
CP
commercial paper
D
DBP
Deferred Bonus Plan
E
EMTN
euro medium-term note
EOR
enhanced oil recovery
EPS
earnings per share
F
FCF
free cash flow
FID
final investment decision
FLNG
Floating Liquefied Natural Gas
FPSO
floating production, storage and offloading facilities
G
GAAP
generally accepted accounting principles
GATE
Gas Access to Europe
GHG
greenhouse gas
GTL
gas to liquids
H
HSSE&SP
health, safety, security, environment and social performance
I
IAS
International Accounting Standard
IEA
International Energy Agency
IFRS
International Financial Reporting Standard(s)
IOGP
International Association of Oil & Gas Producers
IPIECA
International Petroleum Industry Environmental Conservation Association (global oil and gas industry association for environmental and social issues)
J
JVA
Joint Venture Agreement
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
L
LNG
liquefied natural gas
LPG
liquefied petroleum gas
LTIP
Long-term Incentive Plan
M
MMBtu
million British thermal units
mtpa
million tonnes per annum
N
NCTL
Nembe Creek Trunkline
NED
Non-executive Directors
NGL
natural gas liquids
NGO
non-governmental organisation
NYSE
New York Stock Exchange
O
OECD
Organisation for Economic Co-operation and Development
OML
oil mining lease
OPEC
Organization of the Petroleum Exporting Countries
OPL
oil prospecting license
P
per day
volumes are converted into a daily basis using a calendar year
PSC
production-sharing contract
PSP
Performance Share Plan
PUD
proved undeveloped reserves
R
R&D
research and development
REMCO
Remuneration Committee
ROACE
return on average capital employed
S
scf(/d)
standard cubic feet (per day)
SEC
US Securities and Exchange Commission
SPDC
Shell Petroleum Development Company of Nigeria Limited
T
TRCF
total recordable case frequency
TSR
total shareholder return
W
WTI
West Texas Intermediate