You are here:
of
LNG installation in Canada. (photo)

HIGHLIGHTS

  • Inaugurated the expansion of our joint-venture refinery in Port Arthur, Texas, more than doubling crude oil distillation capacity there to 620 thousand b/d. It is flexible, able to process many types of crude oil and vary the mix of final products based on demand.
  • In Australia, the Clyde refinery was converted to a terminal.
  • Optimised ethylene delivery in Supply and distribution, resulting in a 20% increase in throughput capacity and improved operating flexibility.
  • Continued to demonstrate innovation in fuels technology and superior customer experience in Retail with the first launch of Shell V-Power Nitro+, which is now available in six countries. In China we also had the first launch of Shell V-Power in Tianjin province and signed an agreement with China Union Pay to enable faster and more convenient payment options.
  • Making good progress with the Raízen biofuels joint venture in Brazil, which has a 35 thousand b/d ethanol production capacity. In its first full year of operations, Raízen contributed more than 10% to our 2012 Oil products earnings.
  • Bought the remaining shares in Gasnor, a Norwegian supplier of LNG for shipping and trucking. It gives us a foothold in a growing market for cleaner-burning gas as a transport fuel.
  • Entered into an agreement with joint venture partners to purchase assets at the Coryton refinery in Essex and worked with our partners to develop a state-of-the-art import and distribution terminal. This investment will support growth in our UK retail business, which acquired 253 retail sites in 2011.
  • Agreed to acquire Neste Oil Corporation’s network of 105 retail sites in Poland. These sites are unmanned and located in major cities throughout the country.
  • Progressed the proposed world-scale petrochemicals project in Ras Laffan Industrial City in Qatar by awarding, with venture partner Qatar Petroleum, the front-end engineering and design contract.
  • Agreed with our partner SABIC to expand Sadaf, our long-standing Chemicals joint venture in Saudi Arabia – including proposed construction of new derivative units.
  Download XLS

KEY STATISTICS

 

2012

2011

2010

2009

2008

[A]

With effect from 2010, Downstream segment earnings are presented on a current cost of supplies (CCS) basis. Comparative information is consistently presented.

[B]

Excludes working capital movements.

Downstream CCS earnings ($ million)

 

 

 

 

 

Oil products

3,959

2,235

1,439

(58)

5,153

Chemicals

1,391

2,054

1,511

316

156

Total Downstream earnings ($ million) [A]

5,350

4,289

2,950

258

5,309

Total Downstream earnings excluding identified items
  ($ million)

5,311

4,274

3,873

1,940

5,744

Downstream cash flow from operations ($ million) [B]

8,028

8,746

8,138

5,839

1,750

Oil products sales volumes (thousand b/d)

6,235

6,196

6,460

6,156

6,568

Chemicals sales volumes (thousand tonnes)

18,669

18,831

20,653

18,311

20,327

Refinery processing intake (thousand b/d)

2,819

2,845

3,197

3,067

3,388

Refinery availability (%)

93

92

92

93

91

Chemical plant availability (%)

91

89

94

92

94

Downstream net capital investment ($ million)

4,275

4,342

2,358

6,232

3,104

Downstream capital employed ($ million)

71,889

71,976

67,287

62,632

54,050

Downstream employees (thousands)

48

51

59

62

64


DOWNSTREAM CCS EARNINGS [A]$ billion
Downstream CCS earnings ($ billion) for Oil products and Chemicals – development from 2008 to 2012 (bar chart)

[A]
Excluding identified items.

DOWNSTREAM ORGANIC CAPITAL INVESTMENT$ billion
Downstream organic capital investment ($ billion) for Base and Growth – development 2012-2013 (bar chart)