During the period of extreme market volatility, additional oversight has been provided by a dedicated 'Liquidity Forum', chaired by senior executives in our trading organisation. The process safety and HSSE & SP assurance team provides assurance on the effectiveness of HSSE & SP controls to the Board. Any violation of anti-bribery, tax-evasion or anti-money laundering laws, including those potential violations associated with Shell Nigeria Exploration and Production Company Limited's investment in Nigerian oil block OPL 245 and the 2011 settlement of litigation pertaining to that block, could harm our reputation or have a material adverse effect on our earnings, cash flows and financial condition. The Boards responsibility for identifying, evaluating and managing our significant risks is discussed in Other Regulatory and Statutory Information on pages 182-189. Shell Trading and Supply, View In the crude oil, natural gas, Oil Products and Chemicals businesses we seek to differentiate our products, but many of them are competing in commodity-type markets. Our strategy: Powering Progress, View We are prepared to exit a country if we believe we can no longer operate there in accordance with our standards and applicable law, and we have done so in the past. The US sanctions primarily target the government of Venezuela and the oil industry. Shell for suppliers, Purchase order general terms and conditions, Shell invoicing channels and invoice requirements, Electronic signature data privacy statement, View In 2020, many governments ran deficits to deal with the economic impacts of the COVID-19 pandemic. News and filings, View In preparing these financial statements, the Directors have also elected to comply with IFRS as issued by the International Accounting Standards Board (IASB). When we participate in joint ventures in Nigeria, we require that they operate to internationally accepted business standards. We continue to develop and maintain a trade compliance programme with adequate resources, a comprehensive governance structure and established reporting lines. The companies in which Shell plc directly and indirectly owns investments are separate legal entities. Higher prices can also lead to more capacity being built, potentially resulting in an oversupply of products that can negatively affect our LNG and Chemicals businesses. Shell Fleet Solutions, View As seen in recent years, these risks can manifest themselves in the countries where we operate and elsewhere. Forward-looking statements are statements of future expectations that are based on managements current expectations and assumptions 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. The energy future, Transforming low-carbon energy supply and demand across sectors, View Electricity, View The effectiveness of the trade compliance programme is assessed annually (or more frequently if necessary). Annual General Meeting, Shell plc 2022 Annual General Meeting webcast, View Transparency and sustainability reporting, Voluntary reporting standards and ESG ratings, View Business customers, View If the breaches are not detected early and responded to effectively, they could harm our reputation and have a material adverse effect on our earnings, cash flows and financial condition. Shells Technology organisation and the relevant business lines work together to determine the content, scope and budget for developing new technology that supports our activities. The use of the term Shells Net Carbon Footprint is for convenience only and not intended to suggest these emissions are those of Shell or its subsidiaries. The role technology plays, View Page numbers and section cross-references in the Appendix below refer to pages and sections in the 2020 Annual Report and Accounts. Liabilities associated with defined benefit pension plans are significant, and the cash funding requirement of such plans can also involve significant liabilities. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Readers should not place undue reliance on forward-looking statements. People and communities, View For example, the use of external derivative instruments is confined to specialist trading organisations that have the appropriate skills, experience, supervision, control and reporting systems. Our portfolio of cash investments is diversified to avoid concentrating risk in any one instrument, country or counterparty. 2013 Annual Report (PDF, 1.9 MB) 2013 SEC Form 20-F, March 13, 2014. Tensions between nation states can also affect our business. It is also now common for persons or corporations allegedly injured by antitrust violations to sue for damages. Investors, View Downward adjustments could indicate lower future production volumes and could also lead to impairment of assets. Annual General Meeting, View Shell Sulphur Solutions, View Shell Commercial Fuels, View Shell Plc 10,000+ Employees Based in London, UK Most Recent Responsibility Report MOST RECENT 2021 Sustainability Report Report Locked. This could negatively affect our brand, reputation and licence to operate, which could limit our ability to deliver our strategy, reduce consumer demand for our branded and non-branded products, harm our ability to secure new resources and contracts, and restrict our ability to access capital markets or attract staff. Shell Fleet Solutions, View Find out how to contact our Media Relations team across the world. See Our people on pages 108, Other Regulatory and Statutory Information on page 182 and Note 25 to the Consolidated Financial Statements on pages 260. Shell for suppliers, Purchase order general terms and conditions, Shell invoicing channels and invoice requirements, Electronic signature data privacy statement, View Shell Liquefied Petroleum Gas (LPG), View Mobility, Explore Shells Energy Transformation Scenarios, Share your idea and transform the energy industry, View 10-Mar-2022. They are dependent on key contractors supporting the delivery of IT services. No assurance is provided that future dividend payments will match or exceed previous dividend payments. The Directors are also responsible for safeguarding the assets of Shell and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Careers FAQs, View We use trade compliance as an umbrella term for various national and international laws designed to regulate the movement of items across national boundaries and restrict or prohibit trade and other dealings with certain parties. Shell has had Binding Corporate Rules in place for the last 10 years. See Other Regulatory and Statutory Information on page 182. The transaction includes the PANOLIN brand, ECL product formulations, intellectual property, technical expertise and technology, international customer base and portfolio of products for hydraulics, gears, universal tractor transmission oils, biodegradable engine oils (HDEO), turbine oils, chainsaw oils and greases for machine lubrication, including leading OEM-approved products. We use multiple future scenarios to assess the resilience of our strategy. In summary, rising climate change concerns and effects of the energy transition have led and could lead to a decrease in demand and potentially affect prices for fossil fuels. Many of our major projects and operations are conducted in joint arrangements or with associates. Shell Liquefied Petroleum Gas (LPG), View For example, we improved our global web content filtering capability in response to the challenge of increased remote working in 2020. Debt information, View Challenges include: uncertain geology; frontier conditions; the existence and availability of necessary technology and engineering resources; the availability of skilled labour; the existence of transportation infrastructure; project delays; the expiration of licences; delays in obtaining required permits; potential cost overruns; and technical, fiscal, regulatory, political and other conditions. Certain governments have also adopted laws and regulations that could potentially conflict with other countries laws and regulations, potentially subjecting us to both criminal and civil sanctions. Dividend information, View In the future, as society moves towards net-zero emissions, we expect Shells operating plans, outlooks, budgets and pricing assumptions to reflect this movement. Dividend information, View Mobility, View Overall, mitigation of the risk is addressed through our strategy to accelerate the transition to net-zero emissions, purposefully and profitably. Shell Commercial Fuels, View Evenwhere hedging is in place, it may not function as expected. Mobility, View Environment, Plastic waste management and initiatives at Shell, View ECLs are biodegradable lubricants and can help contribute to a more sustainable future, offering greater protection for wildlife and ecosystems in the event that they come into contact with the environment, in comparison to conventional lubricants. This means subsequent downward adjustments are possible. The full, comprehensive operational and financial report for the year ended Dec 31, 2019. Debt information. A risk committee supports the forum in reviewing the results of assurance processes with respect to pension risks. Marine, View Violation of data protection laws is a criminal offence in some countries, and individuals can be imprisoned or fined. Aviation, Flightpath: exploring the future of aviation, View Tue 18 May 2021 12.46 EDT Last modified on Wed 25 Aug 2021 09.43 EDT Shell has faced a significant shareholder rebellion on a vote calling for the oil company to set firm targets to wind down . Shell plc will also file its Form 20-F for the year ended December 31, 2021, with the US Securities and Exchange Commission today. Entrepreneurs and Start-ups, View These include compensating for damage caused by the earthquakes and paying to strengthen houses where this is required for safety considerations. Shell Fleet Solutions, Health, Security, Safety and the Environment, Accelerate to Zero | Shell Fleet Solutions & Consultancy, View Dividend information, View Shell Fleet Solutions, View Aviation, View Our response to the evolving risk landscape requires transparency and clarity around our plans and actions to achieve our climate target. Aviation, Flightpath: exploring the future of aviation, View Careers at Shell, View Globally the COVID-19 pandemic and geopolitical tensions have altered the IT threat landscape, increasing the frequency and ingenuity of malware attacks and increasing the temptation to attack targets for financial gain. Shell Catalysts & Technologies, Subscribe to Shell Catalysts & Technologies, View If we move much faster than society, we risk investing in technologies, markets or low-carbon products that are unsuccessful because there is limited demand for them. Our business exposes us to risks of social instability, criminality, civil unrest, terrorism, piracy, cyber-disruption and acts of war that could have a material adverse effect on our operations. Natural gas, View The Annual Report and Accounts will be submitted to the Annual General Meeting to be held on May 24, 2022. Candidate Resource Centre, 4 tips to excel in a Shell face-to-face interview, 7 tips to prepare Students & Graduates for an online video Interview, 10 employees share their first week at Shell, 9 ways to help you find the right career path, View Shell Brand Licensing, View Most of the countries we operate in have data protection laws and regulations. Shell Trading and Supply, View [C] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel. Carbon Capture and Storage, View Volatility in capital markets or government policies could affect investment performance and interest rates, causing significant changes to the funding level of future liabilities. These policies include detailed credit analysis and monitoring of customers against counterparty credit limits. Integrating sustainability into our activities, Producing oil and gas responsibly and efficiently, Embedding sustainability into our major projects, Investing in access to energy for communities, View Failure to replace proved reserves could result in an accelerated decrease of future production, potentially having a material adverse effect on our earnings, cash flows and financial condition. Additionally, breaches can lead to data privacy issues. Such insurance would not provide any material coverage in the event of a large-scale safety or environmental incident. Investors; View Investors . Marine, View 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. We monitor trading positions against limits every day. Societal expectations of businesses are increasing, with a focus on business ethics, quality of products, contribution to society, safety and minimising damage to the environment. We are exposed to macroeconomic risks including fluctuating prices of crude oil, natural gas, oil products and chemicals. We have established several dedicated climate change and GHG-related forums at different levels of the organisation. Careers at Shell, View Safety, View View A significant proportion of Shells technology contributes to Shells New Energies portfolio and Net Carbon Footprint target, and is built around key relationships with leading academic research institutes and universities. Candidate Resource Centre, 4 tips to excel in a Shell face-to-face interview, 7 tips to prepare Students & Graduates for an online video Interview, 10 employees share their first week at Shell, 9 ways to help you find the right career path, View Dividend information, View Specific remediations within the agreed scope of responsibilities are planned. Careers at Shell, View View PDF View HTML. ESG information hub, View Financial reports and articles of association Shell International Finance B.V. Corporate governance and socially responsible investors, Third quarter 2022 results October 27, 2022, View These forums seek to address, monitor and review climate change issues. Shell Trading and Supply, View Anti-bribery, tax-evasion and anti-money laundering laws apply to Shell, its joint arrangements and associates in all countries where we do business. The energy future, Transforming low-carbon energy supply and demand across sectors, View Royal Dutch Shell plc is not incorporating by reference into those extracts or the 2020 Annual Report and Accounts any information posted onwww.shell.comor in the Shell Sustainability Report. Shell Commercial Fuels, Shell Commercial Fuels Industrial Fuel Solutions, Shell Fuel Oil Plus and Shell Fuel Oil Extra, Shell Electronic Vendor Managed Inventory, View Shell Commercial Road Transport, View Energy and innovation, View Shell plc (SHEL) Ordinary EUR0.07. Our treasury operations are highly centralised and seek to manage credit exposures associated with our substantial cash, foreign exchange and interest rate positions. Mobility, View However, Shells operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. The extracts from the 2020 Annual Report and Accounts included in this announcement may contain forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell plc. The full, comprehensive operational and financial report for the year ended December 31, 2012. We have substantial pension commitments, the funding of which is subject to capital market risks and other factors. We have standards and a clear governance structure to help manage HSSE risks and avoid potential adverse effects. The role technology plays, View Our IT systems are increasingly concentrated in terms of geography and number of systems. Results and reporting, View Business customers, View Furthermore, the 2021 Annual Report and Accounts are available at www.shell.com/annualreport. The full, comprehensive operational and financial report for the year ended December 31, 2011. The term Shell Lubricants collectively refers to Shell Group companies engaged in the lubricants business. We are affected by the global macroeconomic environment and the conditions of financial and commodity markets. The Directors are responsible for preparing the Annual Report, including the financial statements, in accordance with applicable laws and regulations. Integrating sustainability into our activities, Producing oil and gas responsibly and efficiently, Embedding sustainability into our major projects, Investing in access to energy for communities, View The use of the term Shells Net Carbon Footprint or Net Carbon Intensity are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries. On Thursday July 28 th 2022 at 07:00 BST (08:00 CEST and 02:00 EDT) Shell plc released its second quarter results and second quarter interim dividend announcement for 2022. The full, comprehensive operational and financial report for the year ended December 31, 2008. Senior Management regularly reviews mandated trading limits. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Our Government Relations department engages with governments in countries where we operate to understand and influence local policies and to advocate Shells position on topics relevant to our industry. Shell for suppliers, View Carbon Capture and Storage, View (L-R) - Parminder Kohli (SVP Shell Lubricants (Europe, ME & Africa)) and Christian Lmmle (Chairman PANOLIN Holding AG), Parminder Kohli (SVP Shell Lubricants (Europe, ME & Africa)) centre with members of the Lmmle family and Lorenz Burkart (Shell Switzerland Country Chair) (far right), Industrial Lubricants and Oils for Business, Sectoral decarbonisation: transportation and industrial customers, Transparency and sustainability reporting, Integrating sustainability into our activities, View Digitalisation in Energy, View Groups are also putting pressure on commercial and investment banks to stop financing fossil fuel companies. View In our Shell GameChanger programme, we help companies to mature early-stage technologies. This could result in a material adverse effect on our earnings, cash flows and financial condition. These plans are appraised regularly throughout the year, especially during periods of significant price and demand volatility as experienced in 2020. In effecting commodity trades and derivative contracts, the company operates within procedures and policies designed to ensure that risks are managed within authorised limits. In our Nigerian operations, we face various risks and adverse conditions. This may also lead to additional legal and/or regulatory measures which could result in project delays or cancellations, potential litigation, operational restrictions and additional compliance obligations. Negotiations with the state are being conducted to determine how to manage the accelerated close-down. ESG information hub, View Digitalisation in Energy, Digital Transformation in Energy Industry, Digitalisation accelerating the energy transition, View The estimation of proved oil and gas reserves involves subjective judgements and determinations based on available geological, technical, contractual and economic information. Aviation, View Mobility, View Media Q&A session Analyst Q&A session. We continually assess the safety performance of our operations and make risk mitigation recommendations, where relevant, to keep the risk of an accident as low as possible. We have revised the requirements for incident management that are set out in our Binding Corporate Rules, in order to comply with GDPR reporting requirements. Sectoral decarbonisation: transportation and industrial customers, Shell builds a winning consortium to accelerate the electrification of off-road mining vehicles, View All PANOLIN staff who currently support the ECL business in Switzerland, the UK, US and Sweden are expected to join Shell. View Shell Construction and Road, View Our ability to achieve our strategic objectives depends on how we react to competitive forces. Shell Liquefied Petroleum Gas (LPG), View Yours to Make. Industrial Lubricants and Oils for Business, View View Information for shareholders, View Shale Oil and Gas, View Entities over which Shell has significant influence but neither control nor joint control are referred to as associates. Aviation, View Debt . Shell plc published its Annual Report and Accounts for the year ended December 31, 2021. We monitor these liabilities closely and make appropriate provisions for them. These challenges are particularly relevant in certain developing and emerging-market countries, in frontier areas and in deep-water fields, such as off the coast of Mexico. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. View Shells operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. Accordingly, where we have limited influence, we are exposed to operational risks that could have a material adverse effect on our earnings, cash flows and financial condition. We are exposed to treasury and trading risks, including liquidity risk, interest rate risk, foreign exchange risk and credit risk. In response to the COVID-19 pandemic, trader monitoring tools have been upgraded. Royal Dutch Shell plc published its Annual Report and Accounts for the year ended December 31, 2020. From time to time, social and political factors play a role in unprecedented and unanticipated judicial outcomes that could adversely affect Shell. As consideration for the assets and the elimination of incentive distribution rights, Shell received 160 million newly issued SHLX common units, plus $1.2 billion of Series A perpetual convertible preferred units at a price of $23.63 per unit. Shell Catalysts & Technologies, View The full, comprehensive operational and financial report for the year ended Dec 31, 2013. We test the economic and operational resilience of our Nigerian projects against a wide range of assumptions and scenarios. The expansion of sanctions, the frequent additions of prohibited parties, the number of markets in which we operate and the large number of transactions we process, make compliance with all sanctions complex and sometimes challenging. LINDA M. COULTER Company Secretary March 10, 2021, LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70 Classification: Annual financial and audit reports, International: +44 20 7934 5550 Americas: +1 713 241 4544. Candidate Resource Centre, 4 tips to excel in a Shell face-to-face interview, 7 tips to prepare Students & Graduates for an online video Interview, 10 employees share their first week at Shell, 9 ways to help you find the right career path, View
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