Jump to section: What is our strategy?

What is our strategy?

Our strategy seeks to reinforce our position as a leader in the oil and gas industry. We focus on a series of strategic themes, each requiring distinctive technologies and risk management.

Downstream engine

Our Downstream organisation is made up of a number of different business activities, part of an integrated value chain, that collectively turn crude oil into a range of refined products, which are moved and marketed around the world for domestic, industrial and transport use.

Read more about our Downstream activities

Upstream engine

Our Upstream businesses explore for and extract crude oil and natural gas, often in joint arrangements with international and national oil and gas companies. This includes the extraction of bitumen from mined oil sands which we convert into synthetic crude oil.

Read more about our Upstream businesses

Integrated gas

We liquefy natural gas by cooling it and transport the liquefied natural gas (LNG) to customers around the world. We also convert natural gas to liquids (GTL) to provide high-quality fuels and other products.

View where our LNG and GTL plants are located

Deep water

Shell is one of the industry's pioneers in the deep-water oil and gas business. We work to develop new oil and gas supplies from major fields. For example, in 2014 we began production projects in Malaysia, the USA and Nigeria.

Read more about our deep-water projects

Resources plays

Resource plays, such as shale oil and gas, are a potentially significant opportunity for the oil and gas industry globally. We are looking carefully where we can add value to this part of the industry.

Read more about our longer-term strategic themes

Future opportunities

This strategic theme covers the Arctic, Iraq, Kazakhstan, Nigeria onshore and heavy oil plays. In these areas, Shell has access to large resources positions – typically in oil – but there are issues that can slow the pace of development.

Read more about our longer-term strategic themes
Jump to section: What is happening in our markets?

What is happening in our markets?

  • Chart
  • Table

Oil and gas average industry prices*

Chart for development of oil and gas prices from 2012 to 2014 Legend to the chart: Brent, West Texas Intermediate, Henry Hub, Japan Customs-cleared Crude
Main oil and gas price markers 2014 2013 2012
Brent ($/b) 99 109 112
West Texas Intermediate ($/b) 93 98 94
Henry Hub ($/MMBtu) 4.3 3.7 2.8
UK National Balancing Point (pence/therm) 50 68 60
Japan Customs-cleared Crude ($/b) 108 110 115
Yearly average prices are based on daily spot prices. The 2014 average price for Japan Customs-cleared Crude excludes December data.

The chart provides an overview of the main crude oil and natural gas price markers Shell is exposed to. We expect oil and gas prices to remain volatile.

Read more about our market overview
Jump to section: Who are our people?

Who are our people?

In 2014, Shell employed an average of 94,000 people in more than 70 countries. We have a culture that embraces diversity and fosters inclusion.

Graph 70+ countries - our employee mix: North America 34.0% South America 4.3% Europe 26.6% Oceania 2.1% Africa 3.2% Asia 29.8% Read more about our people
Jump to section: How do we collaborate with partners?

How do we collaborate with partners?

We have a long track record of building partnerships with environmental and development organisations to bring insights to our work. Collaborations help us to address a specific need in communities where we operate and also to raise operational practices within our business.

Read more about our partners Read more about our collaborations
Jump to section: How do we engage and share benefits with the communities near us?

How do we engage and share benefits with the communities near us?

Community engagement helps us to find better solutions, build people‘s trust and is the basis for operating responsibly.

Social performance indicators

Our social performance indicators monitor the progress of our community engagement and where we share benefits with communities where we operate. The indicators include:

  • community complaints based on the category of complaint, acknowledgment of the issue, resolution time and whether a resolution was achieved;
  • disruption of operations from community unrest;
  • local spending on goods and services for use within our operations, particularly in lower-income countries;
  • the amount spent on voluntary social investment; and
  • number of people from the country who are employed on the project.

We continue to work on indicators to help us better assess the effectiveness of our community engagements.

Read more about our communities
Jump to section: What are our main projects?

What are our main projects?

Key projects under construction

1 Carmon Creek

The Carmon Creek project, which began construction in 2013, is an in-situ heavy oil project that is expected to produce about 80,000 barrels per day (b/d) of bitumen using enhanced oil recovery methods.

2 Corrib

The Corrib natural gas field lies about 83 kilometres off the north west coast of Ireland, about 3,000 metres under the seabed and in waters 350 metres deep. First gas is expected to flow from Corrib in 2015.

3 Bonga Main Phase 3

The Bonga field, which began producing oil and gas in 2005, was Nigeria’s first deep-water development in depths of more than 1,000 metres.

4 Prelude FLNG

The floating production, processing and storage facility will be moored over the Prelude gas field, located more than 200 kilometres off the coast of Western Australia, where it will produce, liquefy and store gas for shipment.

Read more about our projects