You are here:

Oil and gas exploration and production activities earnings

Shell subsidiaries

  Download XLS

2013

 

 

 

 

 

 

 

$ MILLION

 

Europe[A]

Asia[B]

Oceania

Africa

North America

South America

 

 

USA[B]

Canada

Total

[A]

Includes Greenland.

[B]

As a result of the adoption of IFRS 11 Joint Arrangements, the earnings of certain entities in Asia and the USA, which were previously presented under the Shell share of joint ventures and associates, are presented under Shell subsidiaries with effect from 2013.

[C]

Includes cash paid royalties to governments outside North America.

Revenue

 

 

 

 

 

 

 

 

Third parties

4,116

5,535

1,982

2,690

3,416

52

64

17,855

Sales between businesses

8,420

17,538

1,038

6,873

7,232

7,354

684

49,139

Total

12,536

23,073

3,020

9,563

10,648

7,406

748

66,994

Production costs excluding taxes

2,656

1,762

481

1,753

3,336

3,124

378

13,490

Taxes other than income tax [C]

328

1,254

231

963

223

85

3,084

Exploration

627

1,082

396

354

1,790

312

717

5,278

Depreciation, depletion and amortisation

1,400

2,268

423

1,276

7,858

2,366

160

15,751

Other (costs)/income

(1,052)

(3,713)

(40)

(419)

(1,395)

(2,308)

(124)

(9,051)

Earnings before taxation

6,473

12,994

1,449

4,798

(3,954)

(704)

(716)

20,340

Taxation charge/(credit)

4,843

10,251

486

3,093

(1,461)

(231)

71

17,052

Earnings after taxation

1,630

2,743

963

1,705

(2,493)

(473)

(787)

3,288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

83.56

85.54

72.58

78.68

68.97

73.78

73.19

79.01

Production costs excluding taxes

17.70

6.53

11.56

14.42

21.61

31.12

36.99

15.91

Taxes other than income tax [C]

2.19

4.65

5.55

7.92

1.44

–-

8.32

3.64

Exploration

4.18

4.01

9.52

2.91

11.59

3.11

70.16

6.22

Depreciation, depletion and amortisation

9.33

8.41

10.17

10.50

50.90

23.57

15.66

18.58

Other (costs)/income

(7.01)

(13.77)

(0.96)

(3.45)

(9.04)

(22.99)

(12.13)

(10.67)

Earnings before taxation

43.15

48.17

34.82

39.48

(25.61)

(7.01)

(70.06)

23.99

Taxation charge/(credit)

32.28

38.00

11.68

25.45

(9.46)

(2.30)

6.95

20.11

Earnings after taxation

10.87

10.17

23.14

14.03

(16.15)

(4.71)

(77.01)

3.88

  Download XLS

2012 [A]

 

 

 

 

 

 

 

$ MILLION

 

Europe[B]

Asia

Oceania

Africa

North America

South America

 

 

USA

Canada

Total

[A]

Restated for the retrospective application of Revised IAS 19 Employee Benefits, adopted with effect from January 1, 2013.

[B]

Includes Greenland, reclassified from North America.

[C]

Includes cash paid royalties to governments outside North America.

Revenue

 

 

 

 

 

 

 

 

Third parties

4,705

3,981

1,941

2,807

3,573

207

23

17,237

Sales between businesses

10,275

16,450

1,129

10,364

3,906

6,443

1,431

49,998

Total

14,980

20,431

3,070

13,171

7,479

6,650

1,454

67,235

Production costs excluding taxes

2,516

1,582

395

1,540

2,486

2,986

255

11,760

Taxes other than income tax [C]

350

410

322

1,248

39

145

2,514

Exploration

398

461

175

699

801

372

198

3,104

Depreciation, depletion and amortisation

1,531

1,222

304

1,261

3,837

2,037

315

10,507

Other (costs)/income

(1,420)

(3,157)

1,769

322

(421)

(2,107)

(63)

(5,077)

Earnings before taxation

8,765

13,599

3,643

8,745

(105)

(852)

478

34,273

Taxation charge/(credit)

6,310

10,733

1,104

5,358

(65)

(413)

137

23,164

Earnings after taxation

2,455

2,866

2,539

3,387

(40)

(439)

341

11,109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

86.58

97.52

70.68

81.64

60.62

68.49

92.64

81.65

Production costs excluding taxes

14.54

7.55

9.09

9.55

20.15

30.75

16.25

14.28

Taxes other than income tax [C]

2.02

1.96

7.41

7.74

0.32

9.24

3.05

Exploration

2.30

2.20

4.03

4.33

6.49

3.83

12.62

3.77

Depreciation, depletion and amortisation

8.85

5.83

7.00

7.82

31.10

20.98

20.07

12.76

Other (costs)/income

(8.21)

(15.07)

40.73

2.00

(3.41)

(21.70)

(4.01)

(6.17)

Earnings before taxation

50.66

64.91

83.87

54.21

(0.85)

(8.78)

30.46

41.62

Taxation charge/(credit)

36.47

51.23

25.42

33.21

(0.53)

(4.25)

8.73

28.13

Earnings after taxation

14.19

13.68

58.46

20.99

(0.32)

(4.52)

21.73

13.49

  Download XLS

2011 [A]

 

 

 

 

 

 

 

$ MILLION

 

Europe[B]

Asia

Oceania

Africa

North America

South America

 

 

USA

Canada

Total

[A]

Restated for the retrospective application of Revised IAS 19 Employee Benefits, adopted with effect from January 1, 2013.

[B]

Includes Greenland, reclassified from North America.

[C]

Includes cash paid royalties to governments outside North America.

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 [C]

390

588

300

1,499

59

180

3,016

Exploration

313

326

178

493

745

85

126

2,266

Depreciation, depletion and amortisation

1,473

1,008

351

1,181

2,427

1,575

352

8,367

Other income/(costs)

(1,726)

(3,243)

(331)

1,071

842

(2,046)

504

(4,929)

Earnings before taxation

9,272

12,256

1,437

10,574

2,991

367

1,262

38,159

Taxation charge/(credit)

6,034

9,748

(15)

6,511

731

174

471

23,654

Earnings after taxation

3,238

2,508

1,452

4,063

2,260

193

791

14,505

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/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 [C]

2.12

3.13

6.63

8.72

0.53

8.97

3.72

Exploration

1.70

1.73

3.93

2.87

6.65

0.95

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)

(9.36)

(17.25)

(7.31)

6.23

7.51

(22.79)

25.11

(6.07)

Earnings before taxation

50.30

65.20

31.75

61.51

26.69

4.09

62.86

47.03

Taxation charge/(credit)

32.74

51.86

(0.33)

37.87

6.52

1.94

23.46

29.15

Earnings after taxation

17.57

13.34

32.08

23.63

20.17

2.15

39.40

17.88

  Download XLS

2010

 

 

 

 

 

 

 

$ MILLION

 

Europe[A]

Asia

Oceania

Africa

North America

South America

 

 

USA

Canada

Total

[A]

Includes Greenland, reclassified from North America.

[B]

Includes cash paid royalties to governments outside North America.

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 [B]

303

333

284

1,019

100

154

2,193

Exploration

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 [B]

1.40

1.83

5.76

5.80

0.76

6.49

2.57

Exploration

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[A]

Asia

Oceania

Africa

North America

South America

 

 

USA

Canada

Total

[A]

Includes Greenland, reclassified from North America.

[B]

Includes cash paid royalties to governments outside North America.

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 [B]

322

185

172

465

56

68

1,268

Exploration

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 [B]

1.41

0.97

3.53

3.51

0.41

4.78

1.53

Exploration

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

Shell share of joint-venture investments

  Download XLS

2013–2009

 

 

 

 

 

 

$ MILLION

 

Europe

Asia[A]

Oceania[B]

Africa

North America

South America

Total

2013

USA[A]

Canada

[A]

As a result of the adoption of IFRS 11 Joint Arrangements, the earnings of certain entities in Asia and the USA, which were previously presented under the Shell share of joint ventures and associates, are presented under Shell subsidiaries with effect from 2013.

[B]

Includes Shell’s ownership of 23% of Woodside Petroleum Ltd as from April 2012 (previously: 24% as from November 2010; 34% before that date), a publicly listed company on the Australian Securities Exchange. We have limited access to data; accordingly, the numbers are estimated.

[C]

Includes cash-paid royalties to governments outside North America.

Third -party revenue

6,825

11,040

1,334

313

19,512

Production costs excluding taxes

451

958

291

58

1,758

Taxes other than income tax [C]

3,989

3,907

58

86

8,040

Exploration

16

162

165

13

356

Depreciation, depletion and amortisation

188

1,335

578

37

2,138

Other (costs)/income

151

(694)

(310)

(40)

(893)

Earnings before taxation

2,332

3,984

(68)

79

6,327

Taxation

879

1,655

(185)

93

2,442

Earnings after taxation

1,453

2,329

117

(14)

3,885

2012

1,658

2,979

412

1,155

(137)

6,067

2011

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