Shell - statistics & facts
Shell is a public oil and gas company involved along all supply chain verticals and one of the largest companies in the world. It was formed in the early 20th century out of a merger between a British and a Dutch petroleum producer to stave off U.S. companies’ market dominance. Since then, Shell has become the leading oil and gas company by brand value and is often ranked among the top oil and gas companies based on revenue.
Since 2020, Shell’s oil and gas reserves have increased in every year. This was particularly true for reserves held within joint ventures and by associates. Most of Shell’s oil and gas liquids production is located in Asia. Subsidiaries and joint ventures in the region added around 182 million barrels to the company’s total output in 2023. Its activities were responsible for some 37 metric tons of petroleum, gas, and petroleum products being spilled that same year, with an additional 1,400 metric tons lost through sabotage acts.
Company financials
2023 was a slightly less profitable year for Shell than 2022, when record oil and gas prices led to greater sales revenues and profits. In its 2023 fiscal year, Shell’s revenue stood at some 345 billion U.S. dollars. The majority of Shell’s revenue is generated by its Chemicals and Products segment, particularly through its refining business and the sale of oil products.Becoming an integrated energy company
The company has announced its efforts to reach 2050 net-zero targets by becoming a more integrated energy company and has accordingly widened its renewables coverage. It hopes to achieve net-zero targets alongside continued investment in oil and gas exploration.Since 2020, Shell’s oil and gas reserves have increased in every year. This was particularly true for reserves held within joint ventures and by associates. Most of Shell’s oil and gas liquids production is located in Asia. Subsidiaries and joint ventures in the region added around 182 million barrels to the company’s total output in 2023. Its activities were responsible for some 37 metric tons of petroleum, gas, and petroleum products being spilled that same year, with an additional 1,400 metric tons lost through sabotage acts.
