Abbreviations

A

acre

approximately 0.004 square kilometres

ADS

American Depositary Share

AI

artificial-intelligence
B

B2B

business to business

bbl

barrel of 42-gallon of oil

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

CO2

carbon dioxide
D

DES

Delivered Ex Ship
E

EOR

enhanced oil recovery

EV

electric vehicles
F

FCF

free cash flow

FID

final investment decision

FLNG

floating liquefied natural gas

FPSO

floating production, storage and offloading
G

GAAP

generally accepted accounting principles

GTL

gas to liquids

GW

gigawatts
H

HSSE

health, safety, security and environment
I

IEA

International Energy Agency

IFRS

International Financial Reporting Standard(s)

IMO

International Maritime Organisation

IOCs

international oil companies
J

JCC

Japan Customs-cleared Crude

JKM

Japan Korea Marker

JV&A

Shell share of joint ventures and associates
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
M

megajoule

a unit of energy equal to one million joules

MMBtu

million British thermal units

mtpa

million tonnes per annum

MW

megawatts
N

NBP

National Balancing Point

NGL

natural gas liquids
O

OML

oil mining lease

OPL

oil prospecting licence
P

per day

volumes are converted into a daily basis using a calendar year

PSC

production-sharing contract

P&T

Projects & Technology
R

R&D

research and development

RNG

renewable natural gas

ROACE

return on average capital employed
S

scf(/d)

standard cubic feet (per day)

SEC

US Securities and Exchange Commission

SMPO

styrene monomer and propylene oxide

SUBS

Shell subsidiaries
T

TCFD

Task Force on Climate related Financial Disclosures

TSR

total shareholder return
U

UDC

unit development cost
W

WCS

Western Canadian Select

WTI

West Texas Intermediate