- CEO
- Wael Sawan
- Full Time Employees
- 96,000
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- Shell Centre, 2 York Road London United Kingdom SE1 7NA
- IPO Date
- Jun 25, 2008
- Business
- Shell plc operates as a global energy and petrochemicals enterprise, extending its reach across Europe, Asia, Oceania, Africa, and the Americas. The company structures its extensive operations through several key business segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions. Within its Integrated Gas segment, Shell engages in the exploration and extraction of natural gas, converting it into liquefied natural gas (LNG) and gas-to-liquids (GTL) products, and facilitating their market delivery. The Upstream division focuses on discovering and extracting crude oil, natural gas, and associated liquids. In Marketing, the company provides fuels and lubricants for various industries, manages electric vehicle charging infrastructure, and offers convenience retail services. The Chemicals and Products segment handles the refining of crude oil and other feedstocks into a diverse array of oil products and petrochemicals, encompassing base chemicals like ethylene, propylene, and aromatics, as well as intermediate chemicals such as styrene monomer and propylene oxide. This segment also includes global trading activities and oil sands operations. In line with the evolving energy landscape, the Renewables and Energy Solutions segment develops and operates renewable power generation from wind and solar sources, produces and markets hydrogen, provides electric vehicle charging services, and advances commercial carbon capture and storage (CCS) initiatives, alongside offering carbon credits and nature-based solutions. Shell has notably committed to investing between $10 billion and $15 billion in low-carbon energy solutions from 2023 to the end of 2025. The company is targeting net-zero emissions by 2050, having achieved over 60% of its goal to halve Scope 1 and 2 emissions from its operations by 2030, compared to 2016 levels. Recent developments include signing power purchase agreements to supply renewable electricity to its REFHYNE 2 hydrogen electrolyzer in Germany, slated for operation in 2027. The company was originally known as Royal Dutch Shell plc and officially changed its name to Shell plc in January 2022. Founded in 1907, Shell plc maintains its corporate headquarters in London, United Kingdom.