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Shell Acronyms

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SRC, FAC, CMD - what do these acronyms mean? Find out here.

 

 

AcronymMeaning
AGOAutomotive Gas Oil (Diesel)
APAccounts Payable
APIAmerican Petroleum Institute
ARAccounts Receivable
ATRACCProvider of Cross-border accounting
AVGASAviation Gasoline
Avtur

Aviation Turbine Fuel

bbl/d

barrels per day

B2BBusiness to Business
bbdbarrels per day
BBLBarrel
BCCPBusiness Continuity and Contigency Plan
BICBest in Class
BRFBusiness Results Factor
BUBusiness Unit
CAPEX Capital Expenditure
CCHCountry Chairman
Central OfficesThe Shell offices in London (Shell Centre) and the Hague
CFPCoaching for Performance
CIFCost, Insurance, Freight
CMDThe Committee of Managing Directors-the executive board of the Royal Dutch Shell Group of Companies
COBClass of Business
CODCash on Delivery
CPContracting & Procurement
CPPMContracting Policies and Procedures Manual
CSCCustomer Service Centre
e-BusinessBusiness done electronically, often via the Internet
EPExploration & Production
FACFirst Aid Cases
FAQFrequently Asked Question
FirewallA security barrier that controls the flow of information
FOBFree on Board
FOREXForeign Exchange
GAMEGlobal Asset Management Excellence
GBGlobal Business
GIGlobal Infrastructure
GIDGroup Infrastructure Desktop
GMGross Margin
GMGGross Margin Growth
GPGas & Power
GSAPGlobal SAP System
HRHuman Resources
HRAHealth Risk Assessment
HS&EHealth Safety & Environment
HSE-MSHealth, Safety and Environment - Management System
HSFOHigh Sulphur Fuel Oil
HSSEHealth, Safety, Security & Environment
HVIHigh Viscosity Index
IOCIntenational Oil Companies
IPInternet protocol
IPInstitute of Petroleum
IPEInternational Petroleum Exchange
IPFIdividual Performance Factor
ISOInternational Standards Organisation
ITInformation Technology
JGJob Group
JSAJob Safety Assessment
kb/d or kbdthousand barrels per day
KPI

Key Performance Indicators

LIFOLast in First out
LNGLiquified Natural Gas
LOBPLubricant Oil Blending Plant
LPGLiquefied Petroleum Gas
LSCLubricant Supply Chain
LSFOLow Sulphur Fuel Oil
LSDRLocal Senior Shell Downstream Representative
LTALost Time Accident
LTILost Time Injury
LTIFLost Time Injury Frequency
MDManaging Director
MOAManual of Authority
MoGasMotor Gasoline Products
MOMMinutes of Meeting
MOUMemorandum of Understanding
MSManagement System
MSDManufacturing, Supply & Distribution
MSDSMaterial Safety Data Sheets
MSTManufacturing, Supply, Trading
MTCMedical Treatment Case
NACRANational Association of Corporate Reporting Awards
NAFMANational Award for Management Accounting Best Practices
NGONon-Governmental Organisation
NIATNet Income After Tax
NIBIATNet Income Before Interest and After Tax
NIBTNet Income Before Tax
OHSASOccupational Health and Safety Assessment Series
OPOil Products
Open ResourcingPutting Shell jobs up for application within the Group
OPEXOperational Expenditure
OPLMOil Products Leadership Meeting
OROpen Resourcing
OUOperating Unit
P&LProfit and Loss
PEFSProcess Engineering Flow Scheme
PIProductivity Index
PIRPost Implementation Review
POPurchase Order
PPMPersonnel Policy Manual
PTWPermit to Work
PTWSPermit to Work System
PWC

Price Waterhouse Coopers

QHSSEQuality, Health, Safety, Security, Environment
R&DResearch and Developement
RBIRisk Basesd Inspection
RMMRefinery Managers Meeting
RONResearch Octane Number
SAPSystems Applications and Products in Data Processing
SARService Availability Request
SCSupply Chain
SCMSupply Chain Management
ScorecardThe matrix of measurements to define business performance
SEPLShell Eastern Petroleum Limited
SGSalary Group
SGBPShell General Business Principles
Shell GSShell Global Solutions
Shell WebThe Intranet SWW, used for internal communications within the Shell Group
SIEPShell International Exploration and Production B.V
SIETCOShell International Eastern Trading Company
SIPMShell Internationale Petroleum Maatschappij B. V
SITIShell Information Technology International
SLAService Level Agreement
SLCShell Leadership Challenge
SMARTSpecific, Measurable, Achievable, Relevant; Time-Bound
SMDSShell Middle Distillation Synthesis
SMTSBShell Malaysia Trading Sdn Bhd
SOHLshell Overseas Holding Limited
SOX404Sarbanes Oxley section 404
SRCShell Refining Company (Federation of Malaya) Berhad
STASCOShell International Trading and Shipping Company
STSBShell Timur Sdn Bhd 
SWWShell Wide Web
T&CTerms and Conditions
T&RTargets and Resources
TEAMSTotal Engineering and Asset Management Services
TORTerms of Reference
TRCTotal Reportable Cases
TRCFTotal Reportable Case Frequency
V-PowerDifferentiated fuel proposition offering improved power and acceleration
WLBWork Life Balance
Y2KYear 2000
YTDYear To Date

 

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