Shell plc Files 2023 Annual Report and Accounts

Ticker: RYDAF · Form: 6-K · Filed: Mar 14, 2024 · CIK: 1306965

Shell PLC 6-K Filing Summary
FieldDetail
CompanyShell PLC (RYDAF)
Form Type6-K
Filed DateMar 14, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$54 billion, $20 billion, $28 billion, $23 billion, $15 billion
Sentimentneutral

Sentiment: neutral

Topics: annual-report, financials, disclosure

TL;DR

Shell plc dropped its 2023 annual report & accounts on 3/14/24. Check it for the latest financials.

AI Summary

Shell plc filed its Form 6-K on March 14, 2024, reporting its Annual Report and Accounts for the period ending December 31, 2023. The filing, made under the 1934 Securities Exchange Act, provides an update on the company's financial and operational status. Shell plc is incorporated in England and Wales and its principal executive office is located in London.

Why It Matters

This filing provides investors with the official annual financial statements and disclosures for Shell plc, crucial for understanding the company's performance and future outlook.

Risk Assessment

Risk Level: low — This is a routine annual report filing, not indicating any immediate new risks or significant changes.

Key Players & Entities

  • Shell plc (company) — Registrant
  • 0001306965-24-000028 (filing_id) — Accession Number
  • March 14, 2024 (date) — Filing Date
  • December 31, 2023 (date) — Reporting Period End Date
  • 1-32575 (commission_file_number) — SEC File Number

FAQ

What is the primary purpose of this Form 6-K filing?

The primary purpose of this Form 6-K filing is to report Shell plc's Annual Report and Accounts for the period ending December 31, 2023.

When was this Form 6-K filed with the SEC?

This Form 6-K was filed with the SEC on March 14, 2024.

Under which act is this report filed?

This report is filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.

What is Shell plc's jurisdiction of incorporation?

Shell plc's jurisdiction of incorporation is England and Wales.

What is the SEC file number for Shell plc?

Shell plc's SEC file number is 1-32575.

Filing Stats: 4,686 words · 19 min read · ~16 pages · Grade level 15.6 · Accepted 2024-03-14 07:47:23

Key Financial Figures

  • $54 billion — flow from operations for 2023 of around $54 billion was the second-highest in our history,
  • $20 billion — ghest in our history, income was around $20 billion and Adjusted Earnings* around $28 billi
  • $28 billion — 0 billion and Adjusted Earnings* around $28 billion. Our performance enabled us to return $
  • $23 billion — n. Our performance enabled us to return $23 billion to shareholders* through $15 billion in
  • $15 billion — rn $23 billion to shareholders* through $15 billion in share buybacks and $8 billion in div
  • $8 billion — rough $15 billion in share buybacks and $8 billion in dividends. This is 42%* of cash flow
  • $24 billion — . In 2023, cash capital expenditure* of $24 billion was at the lower end of our $23-27 bill
  • $23 — $24 billion was at the lower end of our $23-27 billion range. * Non-GAAP measure (s
  • $40 billion — 2023 and 2025, we plan to invest around $40 billion in oil and gas. An example of more valu
  • $1 billion — the end of 2023, we had achieved around $1 billion of structural cost reductions*, positio
  • $2 — tions*, positioning us well to save the $2-3 billion we said we would by the end o
  • $35 billion — en 2023 and 2025, we will invest around $35 billion in Downstream and Renewables and Energy
  • $5.6 billion — Energy Solutions. In 2023, we invested $5.6 billion in low-carbon energy, including the acq
  • $35 b — les and Energy Solutions will be around $35 billion, of which $10-15 billion will be
  • $10 — ns will be around $35 billion, of which $10-15 billion will be in low-carbon energy

Filing Documents

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Shell plc (Registrant) By s Caroline J.M. Omloo Name Caroline J.M. Omloo Title Company Secretary Date March 14, 2024 Contents Introduction iii Terms and abbreviations Strategic Report 2 Chair's message 4 Chief Executive Officer's review 6 Powering Progress strategy 6 Who we are 7 Our strategy 10 How we create value 12 Progress against our longer-term business targets 13 Outlook for 2024 and beyond 14 Risk factors 29 Performance in the year 29 Performance indicators 31 Generating shareholder value 32 Group results 34 Financial framework 38 Market overview 41 Integrated Gas 47 Upstream 55 Oil and gas information 63 Marketing 68 Chemicals and Products 75 Renewables and Energy Solutions 79 Corporate 81 Other central activities 82 Our journey to net zero 83 Introduction 85 Governance of climate-related risks and opportunities 89 Energy transition strategy 100 Climate risk management 103 Climate-related metrics and targets 114 Other regulatory disclosures 116 Respecting nature 124 Powering lives 125 Contribution to society 128 Our people 133 Safety 137 Living by our values 141 Principal decisions & stakeholders (Section 172(1) statement) Governance 147 The Board of Shell plc 155 Executive Committee 157 Introduction from the Chair 159 Statement of compliance with the UK Corporate Governance Code 160 Governance framework 162 Board activities 166 Board evaluation 167 Understanding and engaging with our stakeholders 170 Workforce engagement 172 Nomination and Succession Committee 177 Sustainability Committee 179 Audit and Risk Committee Report 191 Directors' Remuneration Report 194 Annual Report on Remuneration 211 Directors' Remuneration Policy 219 Other regulatory and statutory information Financial Statements and Supplements 229 Independent Auditor's Report related to

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