Our businesses and organisation
Overall highlights in 2018
Projects
Financial data
Changes to proved oil and gas reserves
The tables present oil and gas reserves on a net basis, which means that they include the reserves relating to: (i) the Shell subsidiaries including the reserves attributable to non-controlling interest holders in our subsidiaries; and (ii) the Shell share of joint ventures and associates.
Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A] (at December 31) |
Million |
||||||
|---|---|---|---|---|---|---|---|
|
2018 |
2017 |
2016 |
2015 |
2014 |
||
|
|||||||
Revisions and reclassifications |
517 |
612 |
284 |
(252) |
62 |
||
Improved recovery |
41 |
76 |
24 |
4 |
9 |
||
Extensions and discoveries |
347 |
375 |
127 |
48 |
68 |
||
Purchases of minerals in place |
3 |
666 |
1,207 |
2 |
– |
||
Sales of minerals in place |
(76) |
(2,058) |
(12) |
(76) |
(86) |
||
Total additions |
832 |
(329) |
1,630 |
(274) |
53 |
||
Production |
(658) |
(667) |
(675) |
(553) |
(544) |
||
Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A][B] (at December 31) |
Thousand |
||||||||
|---|---|---|---|---|---|---|---|---|---|
|
2018 |
2017 |
2016 |
2015 |
2014 |
||||
|
|||||||||
Revisions and reclassifications |
(800) |
1,938 |
(765) |
114 |
1,767 |
||||
Improved recovery |
7 |
141 |
10 |
7 |
– |
||||
Extensions and discoveries |
841 |
1,936 |
586 |
249 |
762 |
||||
Purchases of minerals in place |
14 |
277 |
7,537 |
86 |
287 |
||||
Sales of minerals in place |
(650) |
(248) |
(77) |
(139) |
(1,375) |
||||
Total additions |
(587) |
4,044 |
7,291 |
317 |
1,441 |
||||
Production |
(4,230) |
(4,153) |
(4,125) |
(3,258) |
(3,598) |
||||
Total proved oil and gas reserves changes [A][B] (at December 31) |
Million boe |
||||||||
|---|---|---|---|---|---|---|---|---|---|
|
2018 |
2017 |
2016 |
2015 |
2014 |
||||
|
|||||||||
Revisions and reclassifications |
380 |
946 |
152 |
(232) |
367 |
||||
Improved recovery |
42 |
100 |
26 |
5 |
9 |
||||
Extensions and discoveries |
493 |
709 |
228 |
91 |
199 |
||||
Purchases of minerals in place |
5 |
714 |
2,506 |
16 |
49 |
||||
Sales of minerals in place |
(186) |
(2,101) |
(25) |
(100) |
(323) |
||||
Total additions |
733 |
368 |
2,887 |
(220) |
301 |
||||
Production |
(1,388) |
(1,383) |
(1,386) |
(1,114) |
(1,164) |
||||
Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A] (at December 31, 2018) |
Million |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
North America |
South America |
|
|||||
|
Europe |
Asia |
Oceania |
Africa |
USA |
|
|
Canada |
Total |
|||
|
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Synthetic crude oil |
Bitumen |
Oil and NGL |
All products |
||
|
||||||||||||
Revisions and reclassifications |
92 |
225 |
14 |
18 |
81 |
7 |
32 |
|
48 |
517 |
||
Improved recovery |
– |
27 |
– |
– |
– |
– |
– |
|
14 |
41 |
||
Extensions and discoveries |
2 |
21 |
– |
– |
179 |
6 |
– |
|
139 |
347 |
||
Purchases of minerals in place |
– |
– |
– |
– |
– |
– |
– |
|
3 |
3 |
||
Sales of minerals in place |
(14) |
(52) |
(8) |
– |
(2) |
– |
– |
|
– |
(76) |
||
Total additions |
80 |
221 |
6 |
18 |
258 |
13 |
32 |
|
204 |
832 |
||
Production |
(71) |
(222) |
(9) |
(61) |
(140) |
(13) |
(20) |
|
(122) |
(658) |
||
Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A][B] (at December 31, 2018) |
Thousand |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
North America |
South America |
|
|||||
|
Europe |
Asia |
Oceania |
Africa |
USA |
Canada |
Total |
|||||
|
||||||||||||
Revisions and reclassifications |
(2,470) |
(421) |
1,463 |
896 |
(296) |
(153) |
181 |
(800) |
||||
Improved recovery |
– |
– |
– |
– |
– |
– |
7 |
7 |
||||
Extensions and discoveries |
3 |
359 |
– |
– |
283 |
131 |
65 |
841 |
||||
Purchases of minerals in place |
– |
– |
– |
– |
– |
– |
14 |
14 |
||||
Sales of minerals in place |
(229) |
(157) |
(232) |
– |
(32) |
– |
– |
(650) |
||||
Total additions |
(2,696) |
(219) |
1,231 |
896 |
(45) |
(22) |
267 |
(587) |
||||
Production |
(767) |
(1,356) |
(777) |
(434) |
(377) |
(261) |
(258) |
(4,230) |
||||
Total proved reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A] (at December 31, 2018) |
Million boe |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
North America |
South America |
|
|||||
|
Europe |
Asia |
Oceania |
Africa |
USA |
|
|
Canada |
Total |
|||
|
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Synthetic crude oil |
Bitumen |
Oil and NGL |
All products |
||
|
||||||||||||
Revisions and reclassifications |
(334) |
152 |
266 |
172 |
30 |
(19) |
32 |
– |
79 |
380 |
||
Improved recovery |
– |
27 |
– |
– |
– |
– |
– |
– |
15 |
42 |
||
Extensions and discoveries |
3 |
83 |
– |
– |
228 |
29 |
– |
– |
150 |
493 |
||
Purchases of minerals in place |
– |
– |
– |
– |
– |
– |
– |
– |
5 |
5 |
||
Sales of minerals in place |
(53) |
(79) |
(48) |
– |
(8) |
– |
– |
– |
– |
(186) |
||
Total additions |
(385) |
183 |
218 |
172 |
250 |
9 |
32 |
– |
250 |
733 |
||
Production |
(203) |
(456) |
(143) |
(136) |
(205) |
(58) |
(20) |
– |
(166) |
(1,388) |
||