Our 2015 highlights

What do we do?

Key facts for 2015: Countries where we operated: +70 , Average number of people we employed: 93,000 , Income for the period: $2.2 bn , Cash flow from operating activities: $30 bn , Our daily production in barrels of oil equivalent: 3 million , Spent on R&D: $1.1 bn

Shell is one of the world's largest independent oil and gas companies in terms of market capitalisation, operating cash flow and production.

  • Countries where we operated: +70
  • Average number of people we employed: 93,000
  • Income for the period: $2.2 bn
  • Cash flow from operating activities: $30 bn
  • Our daily production in barrels of oil equivalent: 3 million
  • Spent on R&D: $1.1 bn

Find out more in the Annual Report and Form 20-F:

Business overview

 

What is our strategy?

Strategic theme icons. Top row from left to right: oil products, chemicals, conventional oil and gas. Bottom row from left to right: Deep water, integrated gas, heavy oil.

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.

  • Our Downstream businesses in oil products and chemicals are strongly cash-generative with high returns.
  • Our conventional oil and gas business has strong cash flow and returns potential, typically in mature hydrocarbon provinces.
  • In deep water, we have leading positions in the Gulf of Mexico, Brazil, Nigeria and Malaysia.
  • In integrated gas, covering LNG worldwide, and in GTL in Qatar and Malaysia, we have leadership positions in profitable and growing markets.
  • We have substantial positions in both heavy oil and oil and gas plays.

Find out more in the Annual Report and Form 20-F:

Downstream

Upstream

LNG and GTL plants

Upstream Investment and Portfolio

Strategy and outlook  

What happened in our markets?

World oil market, data in million barrels per day. Demand in 2014: 92.8, supply 93.7, surplus 0.9. Demand in 2015 94.5, supply 96.3, surplus 1.8 (+100%)
World oil market: demand and supply per year in million barrels per day

Global oil demand rose by 1.8% (1.7 million barrels per day (b/d)) in 2015, according to the International Energy Agency's (IEA) January 2016 Oil Market Report.

As in 2014, oil supply continued to grow faster than demand. Crude oil prices remained low and ended the year at around $36/b for Brent compared with $54/b at the start of the year.

Find out more in the Annual Report and Form 20-F:

Market overview

How are we performing?

Bar charts showing our upstream earnings, downstream earnings, corporate earnings and income for the period. An accessible version is available at the summary of results link left of this image.

It was a highly challenging year for the industry, but our integrated business and improved operational performance helped soften the impact of lower energy prices.

Earnings on a current cost of supplies basis attributable to Royal Dutch Shell plc shareholders were $3.8 billion in 2015, compared with $19.0 billion in 2014.

Find out more in the Annual Report and Form 20-F:

Summary of results

CEO video comment on 2015 results

Who are our people?

Circle chart showing employees by geographical area. Bar chart showing gender diversity data. An accessible version is available at the our people link left of this image.

We recruit, train and recompense people according to a strategy that aims to maintain a productive organisation, deploying talent across the business effectively; accelerating development of our people; growing and strengthening our leadership capabilities; and enhancing employee performance through strong engagement.

Find out more in the Annual Report and Form 20-F:

Our people

Sustainability in activities?

When we plan or develop new activities, or make changes to existing ones, we apply a staged project development process and seek to be consistent around the world.

 

Action per project development stage
 
Identify and assess
 
Select
 
Define

Execute
 
Operate
 
Decommission
and restore
 
Identify people who may be interested in or affected by the project. X X X X X X
Engage with stakeholders (e.g. communities, host governments and NGOs) and feed responses into our risk analyses and decision making process. X
X X X X X
Conduct baseline studies of the local environment (e.g. water, biodiversity, social livelihoods) and consider how the project may affect it.
X X
Based on assessment of potential impacts and stakeholder engagement, identify mitigation and enhancement measures, e.g. change a pipeline route or reduce water used. X X X
Implement mitigation plan through project development and construction and then in ongoing operations.   X X X

 

Find out more in the Sustainability Report:

Embedding sustainability into projects

Role in the energy transition?

We believe that our capacity to innovate and to take a long-term view on investment, along with our experience, can help us to make an important contribution to the energy transition.

Icons representing natural gas, carbon capture and storage, biofuels, hydrogen, seismic surveying and carbon pricing

 

  • Bringing lower-carbon natural gas to a wider market

  • Investment in lower-carbon technologies such as hydrogen and wind

  • Industry leader in carbon capture and storage

  • Continued investment in oil and gas to meet growing demand

  • A biofuels business

  • Advocating government-led carbon-pricing mechanisms


Find out more in the Sustainability Report:

The energy future

Addressing climate change

How do we work with others?

Many of our operations are located close to communities. We work with communities to understand their priorities and concerns. This is essential to our being a responsible company.

Graph showing voluntary social investment in 2015 - proportion of spend
Voluntary social investment in 2015 - proportion of spend

 

  • Enterprise development - 12%

  • Energy access - 9%

  • Road safety - 3%

  • Community development - 21 %

  • Education - 31%

  • Biodiversity - 13%

  • Other - 11 %
Graph showing voluntary social investment in 2015 - split by region
Voluntary social investment in 2015 - split by region

 

  • MENA - 23%

  • Africa - 17%

  • Americas - 29%

  • Asia - 10%

  • Global (various regions incl. Shell Foundation) - 8%

  • Europe - 8%

  • Asia Pacific - 3%

  • Russia and CIS - 2%

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