Upstream

-1 Upstream Shell Investors’ Handbook 2014-2018

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

Moneyflow (icon)
$22.7 billion

Production

Three barrels oil (icon)
2,709

59% oil and 41% gas

Countries

Globe with a marker (icon)
32

where we operate in

Exploration

Globe with a magnifier (icon)
3

notable discoveries

Capital investment

Sheet with money sign (icon)
$12.5 billion

FIDS taken

Handshake (icon)
>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

Inside Upstream

Tools

With around 260,000 net acres in the prime Delaware Basin, Shell’s Permian asset leads the way for the rest of the Shales portfolio. We are on a path to deliver free cash flow in 2019 to our Shales business in one of the most active exploration and produc (photo)

Featured

In Focus: Permian

With around 260,000 net acres in the prime Delaware Basin, Shell’s Permian asset leads the way for the rest of the Shales portfolio. We are on a path to deliver free cash flow in 2019 to our Shales business in one of the most active exploration and production plays in the world.
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