Shell reported nearly 9.8 billion barrels of oil equivalent oil and gas reserves as of December 31, 2023. Most were listed under subsidiaries, at 8.3 billion barrels. The figure included both proved and undeveloped reserves. In the period of consideration, the record low was in 2020, at 9.1 billion barrels of oil equivalent.
Oil and gas reserves of Shell from 2010 to 2023
(in million barrels of oil equivalent)
At December 31. Including proved developed and undeveloped reserves. Natural gas volumes are converted to oil equivalent using a factor of 5,800 scf per barrel.
This statistic was assembled using several editions of the report.
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Shell. (March 15, 2024). Oil and gas reserves of Shell from 2010 to 2023 (in million barrels of oil equivalent) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/260332/shells-oil-and-gas-reserves/
Shell. "Oil and gas reserves of Shell from 2010 to 2023 (in million barrels of oil equivalent)." Chart. March 15, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/260332/shells-oil-and-gas-reserves/
Shell. (2024). Oil and gas reserves of Shell from 2010 to 2023 (in million barrels of oil equivalent). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/260332/shells-oil-and-gas-reserves/
Shell. "Oil and Gas Reserves of Shell from 2010 to 2023 (in Million Barrels of Oil Equivalent)." Statista, Statista Inc., 15 Mar 2024, https://www.statista.com/statistics/260332/shells-oil-and-gas-reserves/
Shell, Oil and gas reserves of Shell from 2010 to 2023 (in million barrels of oil equivalent) Statista, https://www.statista.com/statistics/260332/shells-oil-and-gas-reserves/ (last visited December 21, 2024)
Oil and gas reserves of Shell from 2010 to 2023 (in million barrels of oil equivalent) [Graph], Shell, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/260332/shells-oil-and-gas-reserves/
