Corporate segment

Share buybacks

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$4 billion

bought back in 2018

Credit rating

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S&P long-term rating

Business service centers

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with more than 15,000 employees


The holdings and treasury organisation manages many of the Corporate entities and is the point of contact between Shell and the external capital markets. Its daily operations include liquidity and foreign exchange management, advising and financing subsidiaries and joint ventures, investing surplus funds and managing Shell’s bank account infrastructure.

The treasury organisation’s activities also include maintaining Shell’s credit ratings and debt platforms, issuing short- and long-term capital- market instruments and executing the Royal Dutch Shell dividend, scrip and share-buyback programmes.

Risk and insurance

We use robust methodologies and processes to assess, mitigate and manage risk in order to drive down our total cost. This includes the valuation of risk so that it can be properly taken into account in decision-making. Risk and Insurance also requires the causes of losses to be analysed and understood so that losses can be reduced in the future. To support this, our insurable risks are mainly aggregated and retained within insurance subsidiaries, which means that we self-insure most of our risk exposure.

The insurance subsidiaries form a key part of our approach to risk management. They provide insurance coverage to Shell entities, usually limited to Shell’s percentage interest in the relevant entity. We seek to ensure that the capital held to support the self-insurance obligations is at a level at least equivalent to what would be held in the third-party insurance market.

Headquarters and central functions

Headquarters and central functions provide business support in the areas of communications, finance, health, human resources, information technology, legal services, real estate and security. They also provide support for the shareholder-related activities of the Company.

The central functions are supported by business service centres located around the world, which process transactions, manage data and produce statutory returns, among other services.

The majority of the headquarters and central-function costs are recovered from the business segments. Those costs that are not recovered are retained in Corporate.

Royal Dutch Shell Headquarters, The Hague, the Netherlands (photo)

Royal Dutch Shell Headquarters, The Hague, the Netherlands

For further information on the Corporate segment, please see the Annual Report and Form 20-F for the year ended December 31, 2018.