Treasury

Key figures in 2019

Support

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200+

full-time employees in 4 service centres

Treasury centres

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2

in London and Singapore

Transacting in

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80+

currencies

Availability

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24/7

through 1 global banking system

Payments and receipts

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$1 trillion

of payments and receipts per year

Global cash management

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60+

countries

Daily treasury operations include management of foreign exchange for the different currencies that are needed by Shell around the world. Treasury also advises and finances subsidiaries and joint ventures, and manages surplus funds and Shell’s bank accounts.

Financing oil and gas projects, which can take years to develop, requires significant capital. Our operating companies require a balance between equity and long-term loan funding. To provide loan financing we have capitalised lending entities in the Netherlands, Singapore and the UK. We ended our Swiss and Bermudan lending activities in 2019 and mid-2020 respectively.

Treasury reviews the funding needs of Shell’s operating companies on a case-by-case basis. Loans are made and interest is due on those loans in the same way as if those loans had been provided by an independent bank or financial institution. The loan offer and acceptance are made by the boards of the Shell lending and borrowing companies respectively.