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Oil and gas exploration and production activities earnings

Shell subsidiaries

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2012

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[A]

Total

[A]

Comprises Canada and Greenland.

[B]

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 [B]

350

410

322

1,248

39

145

2,514

Exploration

347

461

175

699

801

423

198

3,104

Depreciation, depletion
  and amortisation

1,531

1,222

304

1,261

3,837

2,037

315

10,507

Other (costs)/income

(1,331)

(3,157)

1,769

322

(563)

(2,175)

(63)

(5,198)

Earnings before taxation

8,905

13,599

3,643

8,745

(247)

(971)

478

34,152

Taxation charge/(credit)

6,327

10,742

1,104

5,358

(127)

(428)

137

23,113

Earnings after taxation

2,578

2,857

2,539

3,387

(120)

(543)

341

11,039

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$/BOE

Revenue

86.35

97.25

70.49

81.42

60.46

68.31

92.39

81.43

Production costs excluding taxes

14.50

7.53

9.07

9.52

20.10

30.67

16.20

14.24

Taxes other than income tax [B]

2.02

1.95

7.39

7.71

0.32

9.21

3.04

Exploration

2.00

2.19

4.02

4.32

6.47

4.34

12.58

3.76

Depreciation, depletion
  and amortisation

8.83

5.82

6.98

7.79

31.02

20.92

20.02

12.73

Other (costs)/income

(7.67)

(15.03)

40.62

1.99

(4.55)

(22.34)

(4.00)

(6.30)

Earnings before taxation

51.33

64.73

83.64

54.06

(2.00)

(9.97)

30.37

41.36

Taxation charge/(credit)

36.47

51.13

25.35

33.12

(1.03)

(4.40)

8.71

27.99

Earnings after taxation

14.86

13.60

58.30

20.94

(0.97)

(5.58)

21.67

13.37

  Download XLS

2011

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[A]

Total

[A]

Comprises Canada and Greenland.

[B]

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 [B]

390

588

300

1,499

59

180

3,016

Exploration

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 [B]

2.12

3.13

6.63

8.72

0.53

8.97

3.72

Exploration

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[A]

Total

[A]

Comprises Canada and Greenland.

[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

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[A]

Total

[A]

Comprises Canada and Greenland.

[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

  Download XLS

2008

 

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania

Africa

North America

South America

 

 

USA

Other[A]

Total

[A]

Comprises Canada and Greenland.

[B]

Includes cash paid royalties to governments outside North America.

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 [B]

501

639

258

882

101

90

2,471

Exploration

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 [B]

1.94

3.38

5.61

5.50

0.74

6.01

2.92

Exploration

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

Shell share of equity-accounted investments

  Download XLS

2012–2008

 

 

 

 

 

 

$ MILLION

 

Europe

Asia

Oceania[A]

Africa

North America

South America

Total

2012

USA

Other

[A]

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.

[B]

Includes cash paid royalties to governments outside North America.

Third party revenue

6,448

12,592

1,441

2,715

341

23,537

Production costs excluding taxes

411

952

372

453

41

2,229

Taxes other than income tax [B]

3,574

4,861

111

157

118

8,821

Exploration

17

391

155

10

573

Depreciation, depletion
  and amortisation

209

1,310

335

269

41

2,164

Other (costs)/income

390

(128)

80

(13)

(252)

77

Earnings before taxation

2,627

4,950

548

1,813

(111)

9,827

Taxation

969

1,971

136

658

26

3,760

Earnings after taxation

1,658

2,979

412

1,155

(137)

6,067

2011

1,504

2,408

300

1342

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