Sheet 1: Index

	
	

		
Index – Shell plc Annual Report and Accounts 2021
	
	

		
Risk factors – Oil and gas production available for sale
	
	

		
Risk factors – Proved developed and undeveloped oil and gas reserves
	
	

		
Summary of results – Key statistics
	
	

		
Oil and gas production available for sale
	
	

		
Capitalisation table
	
	

		
Cash flow information
	
	

		
Divestment proceeds
	
	

		
Cash capital expenditure
	
	

		
Contractual obligations
	
	

		
Purchases of equity securities by issuer and affiliated purchasers in 2021
	
	

		
Oil and gas average industry prices
	
	

		
Refining marker average industry gross margins
	
	

		
Cracker industry margins
	
	

		
Integrated Gas – Key statistics
	
	

		
Integrated Gas – LNG liquefaction volumes
	
	

		
Integrated Gas – LNG liquefaction plants in operation
	
	

		
Integrated Gas – LNG liquefaction plants under construction
	
	

		
Integrated Gas – GTL plants in operation
	
	

		
Integrated Gas – LNG regasification terminals
	
	

		
Integrated Gas – Renewable power capacity in operation and in development
	
	

		
Upstream – Key statistics
	
	

		
Upstream – Proved developed and undeveloped reserves of Shell subsidiaries and Shell share of joint ventures and associates
	
	

		
Upstream – Summary of proved oil and gas reserves of Shell subsidiaries and Shell share of joint ventures and associates
	
	

		
Upstream – Oil and gas production – Crude oil and natural gas liquids
	
	

		
Upstream – Oil and gas production – Synthetic crude oil
	
	

		
Upstream – Oil and gas production – Natural gas
	
	

		
Upstream – Average realised price by geographical area – Crude oil and natural gas liquids
	
	

		
Upstream – Average realised price by geographical area – Synthetic crude oil
	
	

		
Upstream – Average realised price by geographical area – Natural gas
	
	

		
Upstream – Average production cost by geographical area – Crude oil, natural gas liquids and natural gas
	
	

		
Upstream – Average production cost by geographical area – Synthetic crude oil
	
	

		
Downstream – Key statistics
	
	

		
Downstream – Oil Products sales volumes
	
	

		
Downstream – Branded Retail Sites
	
	

		
Downstream – Oil products - cost of crude oil processed or consumed
	
	

		
Downstream – Crude distillation capacity
	
	

		
Downstream – Oil products - crude oil processed
	
	

		
Downstream – Refinery processing intake
	
	

		
Downstream – Refinery processing outturn
	
	

		
Downstream – Refineries in operation
	
	

		
Downstream – Chemicals – Key statistics
	
	

		
Downstream – Chemicals – Ethylene capacity
	
	

		
Downstream – Chemicals sales volumes
	
	

		
Downstream – Major chemical plants in operation
	
	

		
Corporate – Earnings
	
	

		
Our NCF performance
	
	

		
Performance – absolute emissions
	
	

		
2021 equity control Basis
	
	

		
Growing a material power business
	
	

		
2021 Scorecard: Scope 1 and 2 GHG intensity targets – operational control
	
	

		
2021 scorecard: Scope 1 sustained emission reductions – operational control
	
	

		
Greenhouse gas emissions in million tonnes of CO₂ equivalent
	
	

		
Inputs used for calculating the GHG emissions intensity ratio
	
	

		
Energy consumption in billion kilowatt-hours
	
	

		
Actual number of employees by geographical area
	
	

		
Gender diversity data
	
	

		
Local national coverage
	
	

		
Nomination and Succession Committee – Committee membership and attendance
	
	

		
Safety, Environment and Sustainability Committee – Committee membership and attendance
	
	

		
Members and meeting attendance of the AC
	
	

		
REMCO meeting attendance
	
	

		
Single total figure of remuneration for Non-executive Directors (audited)
	
	

		
Single total figure of remuneration for Executive Directors (audited)
	
	

		
Scheme interests awarded to Executive Directors in 2021 (audited)
	
	

		
Executive Directors’ shareholding (audited)
	
	

		
Directors’ share interests (audited)
	
	

		
Directors’ scheme interests (audited)
	
	

		
CEO pay outcomes
	
	

		
Percentage change in remuneration of Directors and employees
	
	

		
Relative importance of spend on pay
	
	

		
Accrued pension (audited)
	
	

		
Approval of Directors’ Remuneration Report
	
	

		
Approval of Directors’ Remuneration Policy
	
	

		
CEO pay ratio
	
	

		
Non-executive Directors’ fees 2022
	
	

		
Share capital percentage
	
	

		
What we have audited
	
	

		
Adjusted Earnings 
	
	

		
Scope of work
	
	

		
Operating units selected, together with the ranges of materiality
	
	

		
Consolidated Statement of Income
	
	

		
Consolidated Statement of Comprehensive Income
	
	

		
Consolidated Balance Sheet
	
	

		
Consolidated Statement of Changes in Equity
	
	

		
Consolidated Statement of Cash Flows
	
	

		
Sensitivity + 10% to the mid-price outlook
	
	

		
Sensitivity - 10% to the mid-price outlook
	
	

		
Average prices from four 1.5-2 degrees Celsius external climate change scenarios
	
	

		
Sensitivity Hybrid Shell Plan + IEA NZE50
	
	

		
Income information by business segment 2021
	
	

		
Income information by business segment 2020
	
	

		
Income information by business segment 2019
	
	

		
Reconciliation of CCS earnings to income for the period
	
	

		
Information by geographical area 2021
	
	

		
Information by geographical area 2020
	
	

		
Information by geographical area 2019
	
	

		
Interest and other income
	
	

		
Interest expense
	
	

		
Intangible assets 2021
	
	

		
Intangible assets 2020
	
	

		
Property, plant and equipment 2021
	
	

		
Property, plant and equipment 2020
	
	

		
Property, plant and equipment – Right-of-use assets – relate to leases 2021
	
	

		
Property, plant and equipment – Right-of-use assets – relate to leases 2020
	
	

		
Property, plant and equipment – Impairments
	
	

		
Commodity price assumptions
	
	

		
Capitalised exploration drilling costs
	
	

		
Exploration drilling costs capitalised for periods greater than one year
	
	

		
Shell share of comprehensive income of joint ventures and associates
	
	

		
Carrying amount of interests in joint ventures and associates
	
	

		
Transactions with joint ventures and associates
	
	

		
Other arrangements in respect of joint ventures and associates
	
	

		
Investments in securities
	
	

		
Investments in securities measured using predominantly unobservable inputs
	
	

		
Trade and other receivables
	
	

		
Finance lease
	
	

		
Inventories
	
	

		
Cash and cash equivalents
	
	

		
Debt and lease arrangements – Debt
	
	

		
Debt and lease arrangements – Net debt
	
	

		
Debt and lease arrangements – Gearing
	
	

		
Borrowing facilities and amounts undrawn
	
	

		
Debt (excluding lease liabilities) 2021
	
	

		
Debt (excluding lease liabilities) 2020
	
	

		
Lease expenses not included in the measurement of lease liability
	
	

		
Lease arrangements 2021
	
	

		
Lease arrangements 2020
	
	

		
Trade and other payables
	
	

		
Taxation charge
	
	

		
Reconciliation of applicable tax charge at statutory tax rates to taxation charge
	
	

		
Deferred tax 2021
	
	

		
Deferred tax 2020
	
	

		
Retirement Benefits – Financial position
	
	

		
Retirement benefit expense
	
	

		
Remeasurements
	
	

		
Defined benefit plan obligations 2021
	
	

		
Defined benefit plan obligations 2020
	
	

		
Defined benefit plan assets 2021
	
	

		
Defined benefit plan assets 2020
	
	

		
Type of pension assets
	
	

		
Weighted averages for assumptions and related sensitivity information
	
	

		
Decommissioning and other provisions
	
	

		
Pre-tax effects of currency appreciation
	
	

		
Value-at-risk (pre-tax)
	
	

		
Net and gross assets and liabilities 2021
	
	

		
Net and gross assets and liabilities 2020
	
	

		
IBOR exposures disaggregated by tenure
	
	

		
Derivative contracts 2021
	
	

		
Derivative contracts 2020
	
	

		
Contractual maturities of derivative liabilities 2021
	
	

		
Contractual maturities of derivative liabilities 2020
	
	

		
Net carrying amounts of derivative contracts 2021
	
	

		
Net carrying amounts of derivative contracts 2020
	
	

		
Net carrying amounts of derivative contracts measured using predominantly unobservable inputs
	
	

		
Unrecognised gain on derivative contracts
	
	

		
Share capital – Issued and fully paid ordinary shares of €0.07 each
	
	

		
Share-based compensation expense
	
	

		
Share awards
	
	

		
Other reserves attributable to Shell plc shareholders
	
	

		
Accumulated other comprehensive income attributable to Shell plc shareholders
	
	

		
Interim dividends
	
	

		
Note – Earnings per share
	
	

		
Employee costs
	
	

		
Average employee numbers
	
	

		
Remuneration of Directors of the Company
	
	

		
Directors and Senior Management expense
	
	

		
Auditor’s remuneration
	
	

		
Assets held for sale
	
	

		
Cost of emission schemes and related environmental programmes recognised in the Consolidated Statement of Income
	
	

		
Purchased environmental certificates (presented under Other Intangible assets, see Note 8) [A]
	
	

		
Obligation (presented under Other payables, see Note 16) 
	
	

		
Royal Dutch Shell plc – Listing information
	
	

		
Share capital 2021
	
	

		
Share capital 2022
	
	

		
Notification of major shareholdings – Investor
	
	

		
Dividends – A and B shares (Dollar)
	
	

		
Dividends – A shares (Euro)
	
	

		
Dividends – B shares (Pence)
	
	

		
Dividends – A and B ADSs (Dollar)
	
	

		
Capital gains tax
	
	

		
Reconciliation of income for the period to CCS earnings
	
	

		
Adjusted Earnings
	
	

		
Adjusted EBITDA
	
	

		
Identified Items
	
	

		
Cash capital expenditure
	
	

		
Operating expenses and underlying operating expenses
	
	

		
Calculation of return on average capital employed
	
	

		
Free cash flow and Organic free cash flow
	
	

		
Calculation of shareholder distribution
	
	

		
Calculation of Divestment proceeds
	



Sheet 2: sr-production-afs

	
	
	

		
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Shell plc Annual Report and Accounts 2021
		
	

		
Risk factors – Oil and gas production available for sale
		
	

		


		


		


		


	
	

		


		


		


		
Million boe [A]
	
	

		


		
2021
		
2020
		
2019
	
	

		
Shell subsidiaries
		
1,047
		
1,104
		
1,182
	
	

		
Shell share of joint ventures and associates
		
134
		
135
		
156
	
	

		
Total
		
1,181
		
1,239
		
1,338
	
	

		
[A] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.
		



Sheet 3: sr-reserves

	
	
	

		
Back to index
		
	

		
Shell plc Annual Report and Accounts 2021
		
	

		
Risk factors – Proved developed and undeveloped oil and gas reserves
		
	

		


		


		


		


	
	

		


		


		


		
Million boe [C]
	
	

		


		
Dec 31, 2021
		
Dec 31, 2020
		
Dec 31, 2019
	
	

		
Shell subsidiaries
		
8,456
		
8,222
		
9,980
	
	

		
Shell share of joint ventures and associates
		
909
		
902
		
1,116
	
	

		
Total
		
9,365
		
9,124
		
11,096
	
	

		
Attributable to non-controlling interest of Shell subsidiaries
		
267
		
322
		
304
	
	

		
[A] We manage our total proved reserves base without distinguishing between proved reserves from subsidiaries and those from joint ventures and associates.
		
	

		
[B] Includes proved reserves associated with future production that will be consumed in operations.
		
	

		
[C] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.