Upstream

Our Upstream business explores for and extracts crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas, and operates the infrastructure necessary to deliver them to market. The Upstream business spans all three of Shell’s strategic-theme timescales. Conventional Oil and Gas is one of Shell’s cash engines, Deep water is one of our company’s growth priorities and our Shales business is themed as an emerging opportunity.

Cash flow from operations

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$22.7 billion

Production

Three barrels oil (icon)
2,709

59% oil and 41% gas

Countries

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32

where we operate in

Exploration

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3

notable discoveries

Capital investment

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$12.5 billion

FIDS taken

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>20
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
View complete glossary
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
View complete glossary