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Oil and gas exploration and production activities earnings

Shell subsidiaries

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2011

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[B]

Total

[A]

Includes cash paid royalties to governments outside North America.

[B]

Comprises Canada and Greenland.

Revenue

 

 

 

 

 

 

 

 

Third parties

5,038

4,227

1,823

3,143

3,369

342

96

18,038

Sales between businesses

10,379

14,495

1,160

10,986

4,016

6,710

1,570

49,316

Total

15,417

18,722

2,983

14,129

7,385

7,052

1,666

67,354

Production costs excluding taxes

2,243

1,301

386

1,453

2,005

2,979

250

10,617

Taxes other than income tax [A]

390

588

300

1,499

59

180

3,016

Exploration expense

288

326

178

493

745

110

126

2,266

Depreciation, depletion
  and amortisation

1,473

1,008

351

1,181

2,427

1,575

352

8,367

Other income/(costs)

(1,670)

(3,242)

(331)

1,071

797

(2,080)

504

(4,951)

Earnings before taxation

9,353

12,257

1,437

10,574

2,946

308

1,262

38,137

Taxation charge/(credit)

6,048

9,748

(15)

6,511

714

165

471

23,642

Earnings after taxation

3,305

2,509

1,452

4,063

2,232

143

791

14,495

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

83.64

99.60

65.91

82.19

65.91

78.54

82.99

83.01

Production costs excluding taxes

12.17

6.92

8.53

8.45

17.89

33.18

12.45

13.08

Taxes other than income tax [A]

2.12

3.13

6.63

8.72

0.53

8.97

3.72

Exploration expense

1.56

1.73

3.93

2.87

6.65

1.23

6.28

2.79

Depreciation, depletion
  and amortisation

7.99

5.36

7.76

6.87

21.66

17.54

17.53

10.31

Other income/(costs)

(9.06)

(17.25)

(7.31)

6.23

7.11

(23.17)

25.11

(6.10)

Earnings before taxation

50.74

65.21

31.75

61.51

26.29

3.43

62.86

47.00

Taxation charge/(credit)

32.81

51.86

(0.33)

37.87

6.37

1.84

23.46

29.14

Earnings after taxation

17.93

13.35

32.08

23.63

19.92

1.59

39.40

17.86

  Download XLS

2010

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[B]

Total

[A]

Includes cash paid royalties to governments outside North America.

[B]

Comprises Canada and Greenland.

Revenue

 

 

 

 

 

 

 

 

Third parties

4,100

2,755

1,674

2,215

3,547

487

121

14,899

Sales between businesses

8,572

10,672

980

8,225

3,153

4,101

1,356

37,059

Total

12,672

13,427

2,654

10,440

6,700

4,588

1,477

51,958

Production costs excluding taxes

2,186

1,106

287

1,244

1,700

2,257

209

8,989

Taxes other than income tax [A]

303

333

284

1,019

100

154

2,193

Exploration expense

335

275

110

294

730

167

125

2,036

Depreciation, depletion
  and amortisation

2,690

748

436

1,192

1,858

3,178

636

10,738

Other income/(costs)

(1,144)

(2,748)

2,479

497

(528)

(1,324)

72

(2,696)

Earnings before taxation

6,014

8,217

4,016

7,188

1,784

(2,338)

425

25,306

Taxation charge/(credit)

2,915

6,752

524

4,564

542

(614)

132

14,815

Earnings after taxation

3,099

1,465

3,492

2,624

1,242

(1,724)

293

10,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

58.55

73.72

53.86

59.47

50.85

60.72

62.26

60.81

Production costs excluding taxes

10.10

6.07

5.82

7.09

12.90

29.87

8.81

10.52

Taxes other than income tax [A]

1.40

1.83

5.76

5.80

0.76

6.49

2.57

Exploration expense

1.55

1.51

2.23

1.67

5.54

2.21

5.27

2.38

Depreciation, depletion
  and amortisation

12.43

4.11

8.85

6.79

14.10

42.06

26.81

12.57

Other income/(costs)

(5.28)

(15.09)

50.30

2.82

(4.01)

(17.52)

3.03

(3.15)

Earnings before taxation

27.79

45.11

81.50

40.94

13.54

(30.94)

17.91

29.62

Taxation charge/(credit)

13.47

37.07

10.63

25.99

4.11

(8.12)

5.56

17.34

Earnings after taxation

14.32

8.04

70.87

14.95

9.43

(22.82)

12.35

12.28

  Download XLS

2009

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[B]

Total

[A]

Includes cash paid royalties to governments outside North America.

[B]

Comprises Canada and Greenland.

Revenue

 

 

 

 

 

 

 

 

Third parties

2,945

2,449

1,001

1,613

3,055

348

119

11,530

Sales between businesses

8,271

8,170

877

5,524

2,774

3,334

486

29,436

Total

11,216

10,619

1,878

7,137

5,829

3,682

605

40,966

Production costs excluding taxes

2,729

1,113

177

1,285

1,666

1,963

184

9,117

Taxes other than income tax [A]

322

185

172

465

56

68

1,268

Exploration expense

273

208

196

532

610

177

182

2,178

Depreciation, depletion
  and amortisation

2,730

937

307

1,233

2,440

1,999

124

9,770

Other income/(costs)

(1,064)

(2,458)

(463)

(444)

(653)

(1,075)

(72)

(6,229)

Earnings before taxation

4,098

5,718

563

3,178

404

(1,532)

(25)

12,404

Taxation charge/(credit)

2,886

4,744

69

2,370

(458)

(572)

(126)

8,913

Earnings after taxation

1,212

974

494

808

862

(960)

101

3,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

48.96

55.94

38.51

53.95

42.37

47.95

42.54

49.44

Production costs excluding taxes

11.91

5.86

3.63

9.71

12.11

25.56

12.94

11.00

Taxes other than income tax [A]

1.41

0.97

3.53

3.51

0.41

4.78

1.53

Exploration expense

1.19

1.10

4.02

4.02

4.43

2.31

12.80

2.63

Depreciation, depletion
  and amortisation

11.92

4.94

6.29

9.32

17.74

26.03

8.72

11.79

Other income/(costs)

(4.64)

(12.95)

(9.50)

(3.37)

(4.74)

(14.00)

(5.06)

(7.52)

Earnings before taxation

17.89

30.12

11.54

24.02

2.94

(19.95)

(1.76)

14.97

Taxation charge/(credit)

12.60

24.99

1.41

17.91

(3.33)

(7.45)

(8.86)

10.76

Earnings after taxation

5.29

5.13

10.13

6.11

6.27

(12.50)

7.10

4.21

  Download XLS

2008

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[B]

Total

[A]

Includes cash paid royalties to governments outside North America.

[B]

Comprises Canada and Greenland.

Revenue

 

 

 

 

 

 

 

 

Third parties

6,210

3,764

170

3,104

5,219

1,131

479

20,077

Sales between businesses

13,771

13,001

1,440

8,429

5,235

1,573

371

43,820

Total

19,981

16,765

1,610

11,533

10,454

2,704

850

63,897

Production costs excluding taxes

2,383

1,331

157

1,207

1,294

750

161

7,283

Taxes other than income tax [A]

501

639

258

882

101

90

2,471

Exploration expense

414

131

143

300

680

180

147

1,995

Depreciation, depletion
  and amortisation

3,102

1,299

220

1,595

2,166

880

74

9,336

Other income/(costs)

(440)

(2,107)

8

(20)

(76)

(330)

(41)

(3,006)

Earnings before taxation

13,141

11,258

840

7,529

6,137

564

337

39,806

Taxation charge/(credit)

8,391

9,098

205

4,505

2,044

11

287

24,541

Earnings after taxation

4,750

2,160

635

3,024

4,093

553

50

15,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

77.53

88.66

34.99

71.91

77.05

63.69

56.79

75.50

Production costs excluding taxes

9.25

7.01

3.41

7.53

9.54

17.67

10.76

8.61

Taxes other than income tax [A]

1.94

3.38

5.61

5.50

0.74

6.01

2.92

Exploration expense

1.61

0.69

3.11

1.87

5.01

4.24

9.82

2.36

Depreciation, depletion
  and amortisation

12.04

6.87

4.78

9.95

15.96

20.73

4.94

11.03

Other income/(costs)

(1.70)

(11.17)

0.17

(0.11)

(0.57)

(7.77)

(2.75)

(3.54)

Earnings before taxation

50.99

59.54

18.25

46.95

45.23

13.28

22.51

47.04

Taxation charge/(credit)

32.56

48.12

4.45

28.09

15.06

0.25

19.17

29.00

Earnings after taxation

18.43

11.42

13.80

18.86

30.17

13.03

3.34

18.04

  Download XLS

2007

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[B]

Total

[A]

Includes cash paid royalties to governments outside North America.

[B]

Comprises Canada and Greenland.

Revenue

 

 

 

 

 

 

 

 

Third parties

3,750

2,961

226

1,108

3,099

1,322

192

12,658

Sales between businesses

11,654

9,097

1,352

8,955

5,765

1,021

501

38,345

Total

15,404

12,058

1,578

10,063

8,864

2,343

693

51,003

Production costs excluding taxes

2,433

1,313

131

1,312

1,242

655

158

7,244

Taxes other than income tax [A]

401

342

165

829

74

67

1,878

Exploration expense

178

141

183

345

675

246

54

1,822

Depreciation, depletion
  and amortisation

3,311

893

350

2,168

2,183

514

13

9,432

Other income/(costs)

107

(1,529)

90

(1,670)

(398)

(708)

(44)

(4,152)

Earnings before taxation

9,188

7,840

839

3,739

4,292

220

357

26,475

Taxation charge/(credit)

4,961

6,499

139

2,332

1,488

(66)

19

15,372

Earnings after taxation

4,227

1,341

700

1,407

2,804

286

338

11,103

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

57.84

66.12

31.76

58.47

56.24

55.19

48.64

57.65

Production costs excluding taxes

9.15

7.20

2.64

7.62

7.88

15.43

11.09

8.19

Taxes other than income tax [A]

1.51

1.88

3.32

4.82

0.47

4.70

2.12

Exploration expense

0.67

0.77

3.68

2.00

4.28

5.79

3.79

2.06

Depreciation, depletion
  and amortisation

12.43

4.90

7.05

12.60

13.85

12.11

0.91

10.66

Other income/(costs)

0.42

(8.38)

1.82

(9.70)

(2.53)

(16.68)

(3.09)

(4.70)

Earnings before taxation

34.50

42.99

16.89

21.73

27.23

5.18

25.06

29.92

Taxation charge/(credit)

18.63

35.64

2.80

13.55

9.44

(1.56)

1.34

17.37

Earnings after taxation

15.87

7.35

14.09

8.18

17.79

6.74

23.72

12.55

Shell share of equity-accounted investments

  Download XLS

2011–2007

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania[B]

Africa

North America

South America

Total

2011

USA

Canada

[A]

Includes cash paid royalties to governments outside North America.

[B]

Includes Shell’s ownership of Woodside Petroleum Ltd (24% from November 2010, previously 34%), a publicly listed company on the Australian Securities Exchange. We have limited access to data; accordingly the numbers are estimated.

Third party revenue

5,688

11,021

1,271

2,807

318

21,105

Production costs excluding taxes

353

932

247

457

41

2,030

Taxes other than income tax [A]

2,990

4,358

74

127

89

7,638

Exploration expense

13

60

89

8

170

Depreciation, depletion
  and amortisation

237

1,250

246

211

35

1,979

Other income/(costs)

349

(30)

(141)

103

(108)

173

Earnings before taxation

2,444

4,391

474

2,107

45

9,461

Taxation

940

1,983

174

765

45

3,907

Earnings after taxation

1,504

2,408

300

1,342

5,554

2010

1,394

1,085

518

818

3,815

2009

1,509

552

283

767

(203)

2,908

2008

2,519

467

535

1,281

3

165

4,970

2007

1,667

597

238

929

7

145

3,583