Shell

Shell is a global group of energy and petrochemical companies headquartered in London, UK. Shell is involved in the exploration, production, refining and marketing of oil, gas, and petrochemicals.

Shell is one of the six oil and gas "supermajors". As of September 2022, Shell had 71.3 billion barrels of oil equivalent of proved reserves. Shell operates 40 refineries globally with a total refining capacity of 3.7 million barrels per day. Adjusted Earnings of $6.2 billion are declared in Q3 of 2023, reflecting robust operational performance and higher oil prices and refining margins.

Shell has set ambitious targets to reduce carbon emissions and transition to low-carbon energy. By 2030, Shell aims to reduce its net carbon intensity by 50% compared to 2016 levels. By 2050, Shell targets to be a net-zero emissions energy business. To support this transition, Shell is increasing investments in low-carbon energy solutions such as biofuels, hydrogen, wind, and solar power.