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The future of energy

Aviation has always powered progress. As we all move into recovery and get ready to take to the skies again, the industry will surely resume its role in expanding horizons and broadening opportunities to live, learn and work for people all around the world.

Our future growth will enable even more individuals, communities and businesses to enjoy the benefits that aviation brings. However, we must look to grow responsibly, and this means tackling emissions today, along with a clear, long-term approach to sustainability.

As we aim to become a net-zero emissions energy business by 2050, we also make it our mission to develop our portfolio of products and services to help fulfil our customers’ requirements in a way that will enable them to achieve their own decarbonization ambitions.

Our pathway to net-zero

Aviation is recognised as a sector where emissions are hard to abate. No single solution or player can deliver the decarbonization for the industry that is needed. All parties that benefit from flying must come together, using all available measures to tackle emissions today, for a sustainable tomorrow.

Shell NBS Peruvian Rainforest Imagery view directly upwards from undergrowth

Offsetting emissions

And finally by offsetting emissions, in the short to medium-term. Until avoid and reduce measures are in place to create impact at scale, the use of carbon credits will play a vital role. Used alongside other measures like SAF, high-quality offsets, such as nature-based solutions, can help aviation tackle net emissions today, ensuring the industry continues to support growth and prosperity, as it builds towards a truly sustainable future.

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A sustainable future

Inspired by the Paris Agreement, our drive to help customers towards a sustainable future is grounded in Shell’s own ambition to become a Net-Zero energy Net-Zero energy business by 2050 or sooner, in step with society.

Work together towards a lower carbon future

Shell Aviation is fully committed to collaborating with all players in the aviation community, to work together towards a lower carbon future. We aim to play our part in full; as a supplier of renewable and conventional fuel, as a technology and innovation partner, and as a strong advocate for solutions that will work today and tomorrow.

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Find out more below about how we are collaborating to help reduce emissions and transition to a more sustainable future.

Unleaded Avgas

Remarkably, most fuel consumed by piston aircraft is still leaded. Shell is carrying on its tradition of innovation by developing and testing a safe unleaded fuel for piston aircraft.

Shell employee developing and testing a safe unleaded fuel

Aviation’s window of opportunity - how can we fly and emit less?

Aviation’s window of opportunity - how can we fly and emit less?

Read the transcript

VOICE-OVER

How can we fly more and emit less?

Since the first flights, visionaries turned to Shell to help tackle challenges and so enable progress.

Now the aviation industry faces one of its greatest challenges, we all need to work together to avoid, reduce and offset emissions.

Airports play a visible role in reducing emissions. Shell are working with them to achieve this.

In ground operations, Shell electric pump refuellers save fuel and avoid emissions during refuelling.

Around the world, more initatives are being undertaken to increase the supply of Sustainable Aviation Fuel:

At San Francisco International Airport, SkyNRG, World Energy and Shell provide leading airlines with a secure supply.

In the Netherlands, Shell’s partners supply the biofuel to the Dutch Airforce, supported by Shell and SkyNRG.

Together, we also provide Swedavia and seven Swedish airports with their necessary supply.

But supply of Sustainable Aviation Fuel must increase significantly if it’s to maximise its role in reducing emissions.

In a dedicated test facility in Bangalore, Shell are investing in state-of-the-art IH2 technology, to create fuel from waste.

And, in the UK, Velocys, British Airways and Shell are collaborating to develop a waste-to- renewable-jet fuel plant.

Shell plan to invest $300 million over the next 3 years in nature-based solutions helping to protect and regenerate natural ecosystems, preserving nature’s ability to absorb CO2.

Nature has potential to provide more than a third of the climate solution by 2030*.

Nature-based solutions provide verified carbon credits to compensate for emissions, can the aviation industry afford not to use nature-based carbon credits to tackle its emissions while viable alternatives are secured?

The aviation industry has a window of opportunity to plan for sustainable growth. If you’d like to see how Shell can help you develop the right carbon management strategy for your business... our door is open.

Alternative

At San Francisco International Airport, SkyNRG, World Energy and Shell provide leading airlines with a secure supply of Sustainable Aviation Fuel.

In the Netherlands, Shell’s partners supply Sustainable Aviation Fuel to the Dutch Airforce, supported by Shell and SkyNRG.

Together, we also supply Swedavia and seven Swedish airports with Sustainable Aviation Fuel.

Flight path

The aviation industry is on its way to returning to the skies, and part of that return must include reducing its contribution to climate change. The current options are limited and complex, but with urgent action and collaboration from multiple stakeholders and consumer demand for sustainable aviation still strong, significant reductions in aviation emissions are possible.

Find out more

Latest news and highlights

Shell becomes one of the first aviation lubricants suppliers to tackle lifecycle carbon emissions across its product portfolio

Shell Aviation (“Shell”) has introduced a new lifecycle sustainability approach for its AeroShell aviation lubricants to avoid, reduce and then compensate for lifecycle carbon emissions, improving aircraft performance while helping customers meet their net-zero greenhouse gas or carbon emissions ambitions.

Etihad Airways boosts its carbon offset programme in collaboration with Shell

The nature-based offsets, purchased from Shell, make Etihad’s efforts geographically diverse in the promotion of climate action.

Setting a flightpath to net-zero emissions in turbulent conditions

As the aviation sector plots a course for recovery from the Covid-19 pandemic, it must renew its focus on reducing emissions.

Shell to supply DHL Express with sustainable aviation fuel at Schiphol Airport

DHL Express to fly on sustainable aviation fuel (SAF) for the first time from Schiphol Amsterdam Airport.

That is why Shell Aviation now offers a solution to help your business compensate for carbon emissions today. With the pressing call to address climate change, our latest product offering serves to help comply with industry regulations and keep flying.

*CO₂ compensation is not a substitute for switching to lower emission energy solutions or reducing the use of fossil fuels. Carbon credits are purchased and retired to compensate the calculated lifecycle CO₂e emissions of the product. Although these carbon credits have been generated in accordance with international carbon standards, the compensation may not be exact.

We recognise the aviation industry’s need to reduce emissions urgently. While electric and hydrogen technologies as well as sustainable aviation fuels (SAF) are still in development and being scaled, we need immediate solutions to help bridge the gap and start decarbonising.

That is why Shell Aviation now offers a solution to help your business compensate for carbon emissions today. With the pressing call to address climate change, our latest product offering serves to help comply with industry regulations and keep flying.

*CO₂ compensation is not a substitute for switching to lower emission energy solutions or reducing the use of fossil fuels. Carbon credits are purchased and retired to compensate the calculated lifecycle CO₂e emissions of the product. Although these carbon credits have been generated in accordance with international carbon standards, the compensation may not be exact.

Disclaimer

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this content “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this content refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking statements

This content contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions, including (without limitation) those concerning Shell’s strategy and operating plans, macroeconomic conditions, future energy demand, supply and product mix, commodity prices, demand for Shell’s products, production results and reserve estimates, development, execution and management of projects, energy transition and climate change, management of safety and environmental risks, costs, cash capital expenditures, technology advancements, legislative, judicial, fiscal and regulatory developments, regional conflicts and trading conditions, and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this content, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this content are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov

). These risk factors also expressly qualify all forward-looking statements contained in this content and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this content. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this content.

Shell’s net carbon intensity and net-zero emissions target

In this content we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

The information provided above regarding Shell’s NCI and net zero emissions target are not intended, nor should they be construed as introducing, suggesting or making any claim, target or representation thereof other than what is included in the content.

Forward-Looking non-GAAP measures

This content may contain certain forward-looking non-GAAP measures such as free cash flow and underlying operating expenses. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.  These forward-looking non-GAAP measures are provided to assist readers in understanding management’s use and expectations of such measures and may not be appropriate for other purposes.

The contents of websites referred to in this content do not form part of this content.

We may have used certain terms, such as resources, in this content that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov

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