From 1907 until 2005, Royal Dutch Petroleum Company and The “Shell” Transport and Trading Company, p.l.c. were the two public parent companies of a group of companies known collectively as the “Royal Dutch/Shell Group”. Operating activities were conducted through the subsidiaries of these parent companies. In 2005, Royal Dutch Shell plc became the single parent company of Royal Dutch Petroleum Company and of The “Shell” Transport and Trading Company, p.l.c., now The Shell Transport and Trading Company Limited.
Royal Dutch Shell plc (the Company) is a public limited company registered in England and Wales and headquartered in The Hague, the Netherlands.
Operations are divided into their businesses: Upstream, Integrated Gas and New Energies, Downstream. The Projects & Technology organisation manages the delivery of Shell’s major projects and drives the company's research and innovation.
The Upstream organisation manages the exploration for and extraction of crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas, and operates the infrastructure necessary to deliver them to market.
Shell's Integrated Gas organisation manages their liquefied natural gas (LNG) activities and the production of gas-to-liquids (GTL) fuels and other products. It includes natural gas exploration and extraction, and the operation of the upstream and midstream infrastructure necessary to deliver gas to market. It markets and trades natural gas, LNG, crude oil, electricity, carbon-emission rights and also markets and sells LNG as a fuel for heavy-duty vehicles and marine vessels.
In New Energies, Shell are exploring emerging opportunities and investing in those where they believe sufficient commercial value is available. The company focus on new fuels for transport, such as advanced biofuels, hydrogen and charging for battery-electric vehicles. Shell also focus on power from low-carbon sources such as wind and solar as well as natural gas.
The company's Downstream organisation manages different Oil Products and Chemicals activities as part of an integrated value chain that trades and refines crude oil and other feedstocks into a range of products which are moved and marketed around the world for domestic, industrial and transport use.
Reserves and production
Shell reported that SEC proved oil and gas reserves reductions in 2020 before taking into account production of approximately 0.7 billion boe, and estimated 2020 production of 1.3 billion boe.
The proved Reserves Replacement Ratio on an SEC basis is expected to be -53% for the year and 23% for the 3-year average. Excluding the impact of acquisitions and divestments, the proved Reserves Replacement Ratio is expected to be -46% for the year and 34% for the 3-year average.
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