Annual Report and Accounts
Sustainability Report
Energy Transition Strategy
Tax Contribution Report
Other reports and topics

Annual Report and Accounts 2023

Read the full, comprehensive operational and financial report for the year ended December 31, 2023.

Purpose:

The Annual Report provides a comprehensive account of Shell’s operational and financial activities for the year to December 31.

It outlines Shell’s business strategy, summarises financial results, and explains how the component parts of Shell plc and its subsidiaries operate.

It also outlines the social and environmental challenges we face, including our approach to tackling climate change, and provides detail on the steps we are taking to provide the energy the world needs, now and in the future.

It gives details of how our Chief Executive Officer and Chief Financial Officer are paid, and serves as Shell’s Annual Report and Accounts in accordance with UK law.

Key contents:

Powering progress strategy; Generating Shareholder value including Group Results, Risk factors; Market overview; Integrated Gas; Upstream; Oil and gas information; Marketing, Chemicals and Products, Renewables and Energy Solutions, Our Journey to net zero, Respecting nature, Powering lives, Governance including Directors’ Remuneration Report; Financial Statements; Independent Auditors’ Reports.

Readership:

The report is intended to provide key information to investors and potential investors, as well as being of interest to anyone who wants to understand Shell’s activities.

Read the full Report

Read more about our progress

Sustainability Report 2023

Read the public record of our progress in contributing to sustainable development, online.

Purpose:

The Sustainability Report details Shell’s social, safety and environmental performance for the year to December 31.

It outlines the key sustainability challenges Shell faces and the many ways the company is responding.

To help inform our decisions about the report’s content, we consider the views of various groups including non-governmental organisations, customers and investors, to understand concerns about Shell’s impact.

The report provides a detailed account of Shell’s performance, taking into account the concerns raised.

It also explains how Shell supports global efforts to tackle climate change, and the role we are playing in the energy transition to a lower carbon world.

It includes an introduction from Shell’s Chief Executive Officer and an evaluation of the report’s content by a review panel of independent experts.

The Sustainability Report is an online-only publication.

Key contents:

Contents vary from year to year, but can include: Business strategy; Human rights; Climate change and energy transition; Net Carbon Footprint; Managing greenhouse gas emissions; Lower-carbon energy; Tax and transparency; Social performance; Working with partners; Environmental data; Safety data; Social data.

Readership:

The report’s intended audiences are investors, non-governmental organisations, academics and anyone who would like to understand Shell’s social and environmental challenges and the steps we take to respond to them.

Read the full Report

Read more about our progress

Tax Contribution Report 2022

Read detailed information on Shell’s taxes for 2022.

Purpose:

The Tax Contribution Report provides details of the corporate income tax we have paid in countries and locations in which we have a taxable presence, across all our businesses.

This voluntary disclosure represents an important move for Shell towards greater transparency around our approach to paying taxes.

We have focused on corporate income tax because this is what has attracted the most questions from investors, non-governmental organisations and wider society.

The Tax Contribution Report complements the information in Shell’s Payments to Governments Report, which details payments we make to governments in relation to our Upstream activities.

Shell is committed to compliance. We seek to comply with the applicable tax laws in all the countries and locations in which we have a taxable presence.

We aim to be transparent about our approach to tax, and open to a wider discussion with governments, businesses, investors and civil society.

Key contents:

Our approach to tax; country sections detailing: total revenue, profit before tax, tax paid, tax accrued, and Shell’s business activities.

Readership:

Anyone who wants to understand Shell’s approach to tax, the amount of tax we pay and where.

Read the full Report

Read more about our progress

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