Upstream (illustration)

Upstream

Our Upstream business explores for and extracts crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas, and operates the infrastructure necessary to deliver them to market. As an important pillar of Shell’s strategy, Core Upstream themes comprise Deep Water, Shales and Conventional Oil and Gas. These themes are central to Shell and we will sustain their strong cash generation through the coming decades.

Cash flow from operations

Moneyflow (icon)
$19.5 billion

Production

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2,743kboe/d

Cash capital expenditure

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$10.3 billion

New acres

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~9 million

net undeveloped acres addition

GHG emissions 

1.9 million tonnes

lower vs. 2018, direct GHG emissions (scope 1)

FIDs taken

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Transocean Deepwater Poseidon, Gulf of Mexico Vito project (photo)

In Focus: Replication and standardisation

Shell has long been recognised as a pioneer in the deep-water oil and gas industry, with more than 40 years' experience of designing, building and operating some of the world’s best offshore facilities. The next generation of our deep-water projects focuses not only on the technically possible, but also on what is profitable for the long term.

Read In Focus: Replication and standardisation
The Shearwater platform and the Noble Hans Deul jackup alongside each other in the UK North Sea (photo)

In Focus: UK North Sea

In 2018, Shell UK marked 50 years of North Sea oil and gas production which began with the start-up of the Southern North Sea Leman gas field back in August 1968. Today, we are one of the region’s biggest producers.

Read In Focus: UK North Sea

Inside Upstream

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