diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml index 2d63b0e..18cd8f6 100644 --- a/.pre-commit-config.yaml +++ b/.pre-commit-config.yaml @@ -20,15 +20,15 @@ repos: # - id: pre-commit-update # args: [--dry-run] - - repo: local - hooks: - - id: tomllint - name: "Script: scripts/tomllint.sh" - language: script - # pass_filenames: false - files: \^*.toml - types: [file] - entry: scripts/tomllint.sh . + # - repo: local + # hooks: + # - id: tomllint + # name: "Script: scripts/tomllint.sh" + # language: script + # # pass_filenames: false + # files: \^*.toml + # types: [file] + # entry: scripts/tomllint.sh . - repo: https://github.com/pre-commit/pre-commit-hooks rev: v4.5.0 @@ -59,12 +59,12 @@ repos: - id: trailing-whitespace # Autoformat: YAML, JSON, Markdown, etc. - - repo: https://github.com/prettier/pre-commit - rev: v2.2.0 - hooks: - - id: prettier - args: - ['--ignore-unknown'] +# - repo: https://github.com/prettier/pre-commit +# rev: v2.2.0 +# hooks: +# - id: prettier +# args: +# ['--ignore-unknown'] # Lint: Markdown - repo: https://github.com/igorshubovych/markdownlint-cli @@ -124,11 +124,11 @@ repos: - id: isort args: ["--profile", "black"] - - repo: https://github.com/adrienverge/yamllint.git - rev: v1.33.0 - hooks: - - id: yamllint - args: [--strict] + # - repo: https://github.com/adrienverge/yamllint.git + # rev: v1.33.0 + # hooks: + # - id: yamllint + # args: ['--strict --proxy={{env:HTTP_PROXY}}'] - repo: https://github.com/Mateusz-Grzelinski/actionlint-py rev: v1.6.26.11 diff --git a/pdm.lock b/pdm.lock index 4bb9fe4..9bb1d15 100644 --- a/pdm.lock +++ b/pdm.lock @@ -5,4 +5,1539 @@ groups = ["default"] strategy = ["cross_platform"] lock_version = "4.4.1" -content_hash = "sha256:cd6775215a7b7b0d7e0dc3d9c2c48515d9fb2e36d96c9185d5f9e0c76b8ff089" +content_hash = "sha256:c69d75e662ff4310ec9bd51252fd37ed51ab5bd7d5125a69d970d3638b5bb137" + +[[package]] +name = "appnope" +version = "0.1.4" +requires_python = ">=3.6" +summary = "Disable App Nap on macOS >= 10.9" +files = [ + {file = "appnope-0.1.4-py2.py3-none-any.whl", hash = "sha256:502575ee11cd7a28c0205f379b525beefebab9d161b7c964670864014ed7213c"}, + {file = "appnope-0.1.4.tar.gz", hash = "sha256:1de3860566df9caf38f01f86f65e0e13e379af54f9e4bee1e66b48f2efffd1ee"}, +] + +[[package]] +name = "asttokens" +version = "2.4.1" +summary = "Annotate AST trees with source code positions" +dependencies = [ + "six>=1.12.0", +] +files = [ + {file = "asttokens-2.4.1-py2.py3-none-any.whl", hash = "sha256:051ed49c3dcae8913ea7cd08e46a606dba30b79993209636c4875bc1d637bc24"}, + {file = "asttokens-2.4.1.tar.gz", hash = "sha256:b03869718ba9a6eb027e134bfdf69f38a236d681c83c160d510768af11254ba0"}, +] + +[[package]] +name = "certifi" +version = "2024.2.2" +requires_python = ">=3.6" +summary = "Python package for providing Mozilla's CA Bundle." +files = [ + {file = "certifi-2024.2.2-py3-none-any.whl", hash = "sha256:dc383c07b76109f368f6106eee2b593b04a011ea4d55f652c6ca24a754d1cdd1"}, + {file = "certifi-2024.2.2.tar.gz", hash = "sha256:0569859f95fc761b18b45ef421b1290a0f65f147e92a1e5eb3e635f9a5e4e66f"}, +] + +[[package]] +name = "cffi" +version = "1.16.0" +requires_python = ">=3.8" +summary = "Foreign Function Interface for Python calling C code." +dependencies = [ + "pycparser", +] +files = [ + {file = "cffi-1.16.0-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:6b3d6606d369fc1da4fd8c357d026317fbb9c9b75d36dc16e90e84c26854b088"}, + {file = "cffi-1.16.0-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:ac0f5edd2360eea2f1daa9e26a41db02dd4b0451b48f7c318e217ee092a213e9"}, + {file = "cffi-1.16.0-cp310-cp310-manylinux_2_12_i686.manylinux2010_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:7e61e3e4fa664a8588aa25c883eab612a188c725755afff6289454d6362b9673"}, + {file = "cffi-1.16.0-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:a72e8961a86d19bdb45851d8f1f08b041ea37d2bd8d4fd19903bc3083d80c896"}, + {file = "cffi-1.16.0-cp310-cp310-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:5b50bf3f55561dac5438f8e70bfcdfd74543fd60df5fa5f62d94e5867deca684"}, + {file = "cffi-1.16.0-cp310-cp310-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:7651c50c8c5ef7bdb41108b7b8c5a83013bfaa8a935590c5d74627c047a583c7"}, + {file = "cffi-1.16.0-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:e4108df7fe9b707191e55f33efbcb2d81928e10cea45527879a4749cbe472614"}, + {file = "cffi-1.16.0-cp310-cp310-musllinux_1_1_i686.whl", hash = "sha256:32c68ef735dbe5857c810328cb2481e24722a59a2003018885514d4c09af9743"}, + {file = "cffi-1.16.0-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:673739cb539f8cdaa07d92d02efa93c9ccf87e345b9a0b556e3ecc666718468d"}, + {file = "cffi-1.16.0-cp310-cp310-win32.whl", hash = "sha256:9f90389693731ff1f659e55c7d1640e2ec43ff725cc61b04b2f9c6d8d017df6a"}, + {file = "cffi-1.16.0-cp310-cp310-win_amd64.whl", hash = "sha256:e6024675e67af929088fda399b2094574609396b1decb609c55fa58b028a32a1"}, + {file = "cffi-1.16.0-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:b84834d0cf97e7d27dd5b7f3aca7b6e9263c56308ab9dc8aae9784abb774d404"}, + {file = "cffi-1.16.0-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:1b8ebc27c014c59692bb2664c7d13ce7a6e9a629be20e54e7271fa696ff2b417"}, + {file = "cffi-1.16.0-cp311-cp311-manylinux_2_12_i686.manylinux2010_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:ee07e47c12890ef248766a6e55bd38ebfb2bb8edd4142d56db91b21ea68b7627"}, + {file = "cffi-1.16.0-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:d8a9d3ebe49f084ad71f9269834ceccbf398253c9fac910c4fd7053ff1386936"}, + {file = "cffi-1.16.0-cp311-cp311-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:e70f54f1796669ef691ca07d046cd81a29cb4deb1e5f942003f401c0c4a2695d"}, + {file = "cffi-1.16.0-cp311-cp311-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:5bf44d66cdf9e893637896c7faa22298baebcd18d1ddb6d2626a6e39793a1d56"}, + {file = "cffi-1.16.0-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:7b78010e7b97fef4bee1e896df8a4bbb6712b7f05b7ef630f9d1da00f6444d2e"}, + {file = "cffi-1.16.0-cp311-cp311-musllinux_1_1_i686.whl", hash = "sha256:c6a164aa47843fb1b01e941d385aab7215563bb8816d80ff3a363a9f8448a8dc"}, + {file = "cffi-1.16.0-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:e09f3ff613345df5e8c3667da1d918f9149bd623cd9070c983c013792a9a62eb"}, + {file = "cffi-1.16.0-cp311-cp311-win32.whl", hash = "sha256:2c56b361916f390cd758a57f2e16233eb4f64bcbeee88a4881ea90fca14dc6ab"}, + {file = "cffi-1.16.0-cp311-cp311-win_amd64.whl", hash = "sha256:db8e577c19c0fda0beb7e0d4e09e0ba74b1e4c092e0e40bfa12fe05b6f6d75ba"}, + {file = "cffi-1.16.0-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:fa3a0128b152627161ce47201262d3140edb5a5c3da88d73a1b790a959126956"}, + {file = "cffi-1.16.0-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:68e7c44931cc171c54ccb702482e9fc723192e88d25a0e133edd7aff8fcd1f6e"}, + {file = "cffi-1.16.0-cp312-cp312-manylinux_2_12_i686.manylinux2010_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:abd808f9c129ba2beda4cfc53bde801e5bcf9d6e0f22f095e45327c038bfe68e"}, + {file = "cffi-1.16.0-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:88e2b3c14bdb32e440be531ade29d3c50a1a59cd4e51b1dd8b0865c54ea5d2e2"}, + {file = "cffi-1.16.0-cp312-cp312-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:fcc8eb6d5902bb1cf6dc4f187ee3ea80a1eba0a89aba40a5cb20a5087d961357"}, + {file = "cffi-1.16.0-cp312-cp312-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:b7be2d771cdba2942e13215c4e340bfd76398e9227ad10402a8767ab1865d2e6"}, + {file = "cffi-1.16.0-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:e715596e683d2ce000574bae5d07bd522c781a822866c20495e52520564f0969"}, + {file = "cffi-1.16.0-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:2d92b25dbf6cae33f65005baf472d2c245c050b1ce709cc4588cdcdd5495b520"}, + {file = "cffi-1.16.0-cp312-cp312-win32.whl", hash = "sha256:b2ca4e77f9f47c55c194982e10f058db063937845bb2b7a86c84a6cfe0aefa8b"}, + {file = "cffi-1.16.0-cp312-cp312-win_amd64.whl", hash = "sha256:68678abf380b42ce21a5f2abde8efee05c114c2fdb2e9eef2efdb0257fba1235"}, + {file = "cffi-1.16.0-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:582215a0e9adbe0e379761260553ba11c58943e4bbe9c36430c4ca6ac74b15ed"}, + {file = "cffi-1.16.0-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:b29ebffcf550f9da55bec9e02ad430c992a87e5f512cd63388abb76f1036d8d2"}, + {file = "cffi-1.16.0-cp39-cp39-manylinux_2_12_i686.manylinux2010_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:dc9b18bf40cc75f66f40a7379f6a9513244fe33c0e8aa72e2d56b0196a7ef872"}, + {file = "cffi-1.16.0-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:9cb4a35b3642fc5c005a6755a5d17c6c8b6bcb6981baf81cea8bfbc8903e8ba8"}, + {file = "cffi-1.16.0-cp39-cp39-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:b86851a328eedc692acf81fb05444bdf1891747c25af7529e39ddafaf68a4f3f"}, + {file = "cffi-1.16.0-cp39-cp39-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:c0f31130ebc2d37cdd8e44605fb5fa7ad59049298b3f745c74fa74c62fbfcfc4"}, + {file = "cffi-1.16.0-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:8f8e709127c6c77446a8c0a8c8bf3c8ee706a06cd44b1e827c3e6a2ee6b8c098"}, + {file = "cffi-1.16.0-cp39-cp39-musllinux_1_1_i686.whl", hash = "sha256:748dcd1e3d3d7cd5443ef03ce8685043294ad6bd7c02a38d1bd367cfd968e000"}, + {file = "cffi-1.16.0-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:8895613bcc094d4a1b2dbe179d88d7fb4a15cee43c052e8885783fac397d91fe"}, + {file = "cffi-1.16.0-cp39-cp39-win32.whl", hash = "sha256:ed86a35631f7bfbb28e108dd96773b9d5a6ce4811cf6ea468bb6a359b256b1e4"}, + {file = "cffi-1.16.0-cp39-cp39-win_amd64.whl", hash = "sha256:3686dffb02459559c74dd3d81748269ffb0eb027c39a6fc99502de37d501faa8"}, + {file = "cffi-1.16.0.tar.gz", hash = "sha256:bcb3ef43e58665bbda2fb198698fcae6776483e0c4a631aa5647806c25e02cc0"}, +] + +[[package]] +name = "cfgv" +version = "3.4.0" +requires_python = ">=3.8" +summary = "Validate configuration and produce human readable error messages." +files = [ + {file = "cfgv-3.4.0-py2.py3-none-any.whl", hash = "sha256:b7265b1f29fd3316bfcd2b330d63d024f2bfd8bcb8b0272f8e19a504856c48f9"}, + {file = "cfgv-3.4.0.tar.gz", hash = "sha256:e52591d4c5f5dead8e0f673fb16db7949d2cfb3f7da4582893288f0ded8fe560"}, +] + +[[package]] +name = "charset-normalizer" +version = "3.3.2" +requires_python = ">=3.7.0" +summary = "The Real First Universal Charset Detector. Open, modern and actively maintained alternative to Chardet." +files = [ + {file = "charset-normalizer-3.3.2.tar.gz", hash = "sha256:f30c3cb33b24454a82faecaf01b19c18562b1e89558fb6c56de4d9118a032fd5"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-macosx_10_9_universal2.whl", hash = "sha256:25baf083bf6f6b341f4121c2f3c548875ee6f5339300e08be3f2b2ba1721cdd3"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:06435b539f889b1f6f4ac1758871aae42dc3a8c0e24ac9e60c2384973ad73027"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:9063e24fdb1e498ab71cb7419e24622516c4a04476b17a2dab57e8baa30d6e03"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:6897af51655e3691ff853668779c7bad41579facacf5fd7253b0133308cf000d"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:1d3193f4a680c64b4b6a9115943538edb896edc190f0b222e73761716519268e"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:cd70574b12bb8a4d2aaa0094515df2463cb429d8536cfb6c7ce983246983e5a6"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:8465322196c8b4d7ab6d1e049e4c5cb460d0394da4a27d23cc242fbf0034b6b5"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:a9a8e9031d613fd2009c182b69c7b2c1ef8239a0efb1df3f7c8da66d5dd3d537"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:beb58fe5cdb101e3a055192ac291b7a21e3b7ef4f67fa1d74e331a7f2124341c"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-musllinux_1_1_i686.whl", hash = "sha256:e06ed3eb3218bc64786f7db41917d4e686cc4856944f53d5bdf83a6884432e12"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-musllinux_1_1_ppc64le.whl", hash = "sha256:2e81c7b9c8979ce92ed306c249d46894776a909505d8f5a4ba55b14206e3222f"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-musllinux_1_1_s390x.whl", hash = "sha256:572c3763a264ba47b3cf708a44ce965d98555f618ca42c926a9c1616d8f34269"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:fd1abc0d89e30cc4e02e4064dc67fcc51bd941eb395c502aac3ec19fab46b519"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-win32.whl", hash = "sha256:3d47fa203a7bd9c5b6cee4736ee84ca03b8ef23193c0d1ca99b5089f72645c73"}, + {file = "charset_normalizer-3.3.2-cp310-cp310-win_amd64.whl", hash = "sha256:10955842570876604d404661fbccbc9c7e684caf432c09c715ec38fbae45ae09"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-macosx_10_9_universal2.whl", hash = "sha256:802fe99cca7457642125a8a88a084cef28ff0cf9407060f7b93dca5aa25480db"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:573f6eac48f4769d667c4442081b1794f52919e7edada77495aaed9236d13a96"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:549a3a73da901d5bc3ce8d24e0600d1fa85524c10287f6004fbab87672bf3e1e"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:f27273b60488abe721a075bcca6d7f3964f9f6f067c8c4c605743023d7d3944f"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:1ceae2f17a9c33cb48e3263960dc5fc8005351ee19db217e9b1bb15d28c02574"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:65f6f63034100ead094b8744b3b97965785388f308a64cf8d7c34f2f2e5be0c4"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:753f10e867343b4511128c6ed8c82f7bec3bd026875576dfd88483c5c73b2fd8"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:4a78b2b446bd7c934f5dcedc588903fb2f5eec172f3d29e52a9096a43722adfc"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:e537484df0d8f426ce2afb2d0f8e1c3d0b114b83f8850e5f2fbea0e797bd82ae"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-musllinux_1_1_i686.whl", hash = "sha256:eb6904c354526e758fda7167b33005998fb68c46fbc10e013ca97f21ca5c8887"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-musllinux_1_1_ppc64le.whl", hash = "sha256:deb6be0ac38ece9ba87dea880e438f25ca3eddfac8b002a2ec3d9183a454e8ae"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-musllinux_1_1_s390x.whl", hash = "sha256:4ab2fe47fae9e0f9dee8c04187ce5d09f48eabe611be8259444906793ab7cbce"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:80402cd6ee291dcb72644d6eac93785fe2c8b9cb30893c1af5b8fdd753b9d40f"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-win32.whl", hash = "sha256:7cd13a2e3ddeed6913a65e66e94b51d80a041145a026c27e6bb76c31a853c6ab"}, + {file = "charset_normalizer-3.3.2-cp311-cp311-win_amd64.whl", hash = "sha256:663946639d296df6a2bb2aa51b60a2454ca1cb29835324c640dafb5ff2131a77"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-macosx_10_9_universal2.whl", hash = "sha256:0b2b64d2bb6d3fb9112bafa732def486049e63de9618b5843bcdd081d8144cd8"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:ddbb2551d7e0102e7252db79ba445cdab71b26640817ab1e3e3648dad515003b"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:55086ee1064215781fff39a1af09518bc9255b50d6333f2e4c74ca09fac6a8f6"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:8f4a014bc36d3c57402e2977dada34f9c12300af536839dc38c0beab8878f38a"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:a10af20b82360ab00827f916a6058451b723b4e65030c5a18577c8b2de5b3389"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:8d756e44e94489e49571086ef83b2bb8ce311e730092d2c34ca8f7d925cb20aa"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:90d558489962fd4918143277a773316e56c72da56ec7aa3dc3dbbe20fdfed15b"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:6ac7ffc7ad6d040517be39eb591cac5ff87416c2537df6ba3cba3bae290c0fed"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:7ed9e526742851e8d5cc9e6cf41427dfc6068d4f5a3bb03659444b4cabf6bc26"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-musllinux_1_1_i686.whl", hash = "sha256:8bdb58ff7ba23002a4c5808d608e4e6c687175724f54a5dade5fa8c67b604e4d"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-musllinux_1_1_ppc64le.whl", hash = "sha256:6b3251890fff30ee142c44144871185dbe13b11bab478a88887a639655be1068"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-musllinux_1_1_s390x.whl", hash = "sha256:b4a23f61ce87adf89be746c8a8974fe1c823c891d8f86eb218bb957c924bb143"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:efcb3f6676480691518c177e3b465bcddf57cea040302f9f4e6e191af91174d4"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-win32.whl", hash = "sha256:d965bba47ddeec8cd560687584e88cf699fd28f192ceb452d1d7ee807c5597b7"}, + {file = "charset_normalizer-3.3.2-cp312-cp312-win_amd64.whl", hash = "sha256:96b02a3dc4381e5494fad39be677abcb5e6634bf7b4fa83a6dd3112607547001"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-macosx_10_9_universal2.whl", hash = "sha256:c235ebd9baae02f1b77bcea61bce332cb4331dc3617d254df3323aa01ab47bd4"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:5b4c145409bef602a690e7cfad0a15a55c13320ff7a3ad7ca59c13bb8ba4d45d"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:68d1f8a9e9e37c1223b656399be5d6b448dea850bed7d0f87a8311f1ff3dabb0"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:22afcb9f253dac0696b5a4be4a1c0f8762f8239e21b99680099abd9b2b1b2269"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:e27ad930a842b4c5eb8ac0016b0a54f5aebbe679340c26101df33424142c143c"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:1f79682fbe303db92bc2b1136016a38a42e835d932bab5b3b1bfcfbf0640e519"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:b261ccdec7821281dade748d088bb6e9b69e6d15b30652b74cbbac25e280b796"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:122c7fa62b130ed55f8f285bfd56d5f4b4a5b503609d181f9ad85e55c89f4185"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:d0eccceffcb53201b5bfebb52600a5fb483a20b61da9dbc885f8b103cbe7598c"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-musllinux_1_1_i686.whl", hash = "sha256:9f96df6923e21816da7e0ad3fd47dd8f94b2a5ce594e00677c0013018b813458"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-musllinux_1_1_ppc64le.whl", hash = "sha256:7f04c839ed0b6b98b1a7501a002144b76c18fb1c1850c8b98d458ac269e26ed2"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-musllinux_1_1_s390x.whl", hash = "sha256:34d1c8da1e78d2e001f363791c98a272bb734000fcef47a491c1e3b0505657a8"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:ff8fa367d09b717b2a17a052544193ad76cd49979c805768879cb63d9ca50561"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-win32.whl", hash = "sha256:aed38f6e4fb3f5d6bf81bfa990a07806be9d83cf7bacef998ab1a9bd660a581f"}, + {file = "charset_normalizer-3.3.2-cp39-cp39-win_amd64.whl", hash = "sha256:b01b88d45a6fcb69667cd6d2f7a9aeb4bf53760d7fc536bf679ec94fe9f3ff3d"}, + {file = "charset_normalizer-3.3.2-py3-none-any.whl", hash = "sha256:3e4d1f6587322d2788836a99c69062fbb091331ec940e02d12d179c1d53e25fc"}, +] + +[[package]] +name = "colorama" +version = "0.4.6" +requires_python = "!=3.0.*,!=3.1.*,!=3.2.*,!=3.3.*,!=3.4.*,!=3.5.*,!=3.6.*,>=2.7" +summary = "Cross-platform colored terminal text." +files = [ + {file = "colorama-0.4.6-py2.py3-none-any.whl", hash = "sha256:4f1d9991f5acc0ca119f9d443620b77f9d6b33703e51011c16baf57afb285fc6"}, + {file = "colorama-0.4.6.tar.gz", hash = "sha256:08695f5cb7ed6e0531a20572697297273c47b8cae5a63ffc6d6ed5c201be6e44"}, +] + +[[package]] +name = "comm" +version = "0.2.2" +requires_python = ">=3.8" +summary = "Jupyter Python Comm implementation, for usage in ipykernel, xeus-python etc." +dependencies = [ + "traitlets>=4", +] +files = [ + {file = "comm-0.2.2-py3-none-any.whl", hash = "sha256:e6fb86cb70ff661ee8c9c14e7d36d6de3b4066f1441be4063df9c5009f0a64d3"}, + {file = "comm-0.2.2.tar.gz", hash = "sha256:3fd7a84065306e07bea1773df6eb8282de51ba82f77c72f9c85716ab11fe980e"}, +] + +[[package]] +name = "debugpy" +version = "1.8.1" +requires_python = ">=3.8" +summary = "An implementation of the Debug Adapter Protocol for Python" +files = [ + {file = "debugpy-1.8.1-cp310-cp310-macosx_11_0_x86_64.whl", hash = "sha256:3bda0f1e943d386cc7a0e71bfa59f4137909e2ed947fb3946c506e113000f741"}, + {file = "debugpy-1.8.1-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:dda73bf69ea479c8577a0448f8c707691152e6c4de7f0c4dec5a4bc11dee516e"}, + {file = "debugpy-1.8.1-cp310-cp310-win32.whl", hash = "sha256:3a79c6f62adef994b2dbe9fc2cc9cc3864a23575b6e387339ab739873bea53d0"}, + {file = "debugpy-1.8.1-cp310-cp310-win_amd64.whl", hash = "sha256:7eb7bd2b56ea3bedb009616d9e2f64aab8fc7000d481faec3cd26c98a964bcdd"}, + {file = "debugpy-1.8.1-cp311-cp311-macosx_11_0_universal2.whl", hash = "sha256:016a9fcfc2c6b57f939673c874310d8581d51a0fe0858e7fac4e240c5eb743cb"}, + {file = "debugpy-1.8.1-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:fd97ed11a4c7f6d042d320ce03d83b20c3fb40da892f994bc041bbc415d7a099"}, + {file = "debugpy-1.8.1-cp311-cp311-win32.whl", hash = "sha256:0de56aba8249c28a300bdb0672a9b94785074eb82eb672db66c8144fff673146"}, + {file = "debugpy-1.8.1-cp311-cp311-win_amd64.whl", hash = "sha256:1a9fe0829c2b854757b4fd0a338d93bc17249a3bf69ecf765c61d4c522bb92a8"}, + {file = "debugpy-1.8.1-cp312-cp312-macosx_11_0_universal2.whl", hash = "sha256:3ebb70ba1a6524d19fa7bb122f44b74170c447d5746a503e36adc244a20ac539"}, + {file = "debugpy-1.8.1-cp312-cp312-manylinux_2_5_x86_64.manylinux1_x86_64.manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:a2e658a9630f27534e63922ebf655a6ab60c370f4d2fc5c02a5b19baf4410ace"}, + {file = "debugpy-1.8.1-cp312-cp312-win32.whl", hash = "sha256:caad2846e21188797a1f17fc09c31b84c7c3c23baf2516fed5b40b378515bbf0"}, + {file = "debugpy-1.8.1-cp312-cp312-win_amd64.whl", hash = "sha256:edcc9f58ec0fd121a25bc950d4578df47428d72e1a0d66c07403b04eb93bcf98"}, + {file = "debugpy-1.8.1-cp39-cp39-macosx_11_0_x86_64.whl", hash = "sha256:bfb20cb57486c8e4793d41996652e5a6a885b4d9175dd369045dad59eaacea42"}, + {file = "debugpy-1.8.1-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:efd3fdd3f67a7e576dd869c184c5dd71d9aaa36ded271939da352880c012e703"}, + {file = "debugpy-1.8.1-cp39-cp39-win32.whl", hash = "sha256:58911e8521ca0c785ac7a0539f1e77e0ce2df753f786188f382229278b4cdf23"}, + {file = "debugpy-1.8.1-cp39-cp39-win_amd64.whl", hash = "sha256:6df9aa9599eb05ca179fb0b810282255202a66835c6efb1d112d21ecb830ddd3"}, + {file = "debugpy-1.8.1-py2.py3-none-any.whl", hash = "sha256:28acbe2241222b87e255260c76741e1fbf04fdc3b6d094fcf57b6c6f75ce1242"}, + {file = "debugpy-1.8.1.zip", hash = "sha256:f696d6be15be87aef621917585f9bb94b1dc9e8aced570db1b8a6fc14e8f9b42"}, +] + +[[package]] +name = "decorator" +version = "5.1.1" +requires_python = ">=3.5" +summary = "Decorators for Humans" +files = [ + {file = "decorator-5.1.1-py3-none-any.whl", hash = "sha256:b8c3f85900b9dc423225913c5aace94729fe1fa9763b38939a95226f02d37186"}, + {file = "decorator-5.1.1.tar.gz", hash = "sha256:637996211036b6385ef91435e4fae22989472f9d571faba8927ba8253acbc330"}, +] + +[[package]] +name = "distlib" +version = "0.3.8" +summary = "Distribution utilities" +files = [ + {file = "distlib-0.3.8-py2.py3-none-any.whl", hash = "sha256:034db59a0b96f8ca18035f36290806a9a6e6bd9d1ff91e45a7f172eb17e51784"}, + {file = "distlib-0.3.8.tar.gz", hash = "sha256:1530ea13e350031b6312d8580ddb6b27a104275a31106523b8f123787f494f64"}, +] + +[[package]] +name = "exceptiongroup" +version = "1.2.1" +requires_python = ">=3.7" +summary = "Backport of PEP 654 (exception groups)" +files = [ + {file = "exceptiongroup-1.2.1-py3-none-any.whl", hash = "sha256:5258b9ed329c5bbdd31a309f53cbfb0b155341807f6ff7606a1e801a891b29ad"}, + {file = "exceptiongroup-1.2.1.tar.gz", hash = "sha256:a4785e48b045528f5bfe627b6ad554ff32def154f42372786903b7abcfe1aa16"}, +] + +[[package]] +name = "executing" +version = "2.0.1" +requires_python = ">=3.5" +summary = "Get the currently executing AST node of a frame, and other information" +files = [ + {file = "executing-2.0.1-py2.py3-none-any.whl", hash = "sha256:eac49ca94516ccc753f9fb5ce82603156e590b27525a8bc32cce8ae302eb61bc"}, + {file = "executing-2.0.1.tar.gz", hash = "sha256:35afe2ce3affba8ee97f2d69927fa823b08b472b7b994e36a52a964b93d16147"}, +] + +[[package]] +name = "filelock" +version = "3.13.4" +requires_python = ">=3.8" +summary = "A platform independent file lock." +files = [ + {file = "filelock-3.13.4-py3-none-any.whl", hash = "sha256:404e5e9253aa60ad457cae1be07c0f0ca90a63931200a47d9b6a6af84fd7b45f"}, + {file = "filelock-3.13.4.tar.gz", hash = "sha256:d13f466618bfde72bd2c18255e269f72542c6e70e7bac83a0232d6b1cc5c8cf4"}, +] + +[[package]] +name = "fsspec" +version = "2024.3.1" +requires_python = ">=3.8" +summary = "File-system specification" +files = [ + {file = "fsspec-2024.3.1-py3-none-any.whl", hash = "sha256:918d18d41bf73f0e2b261824baeb1b124bcf771767e3a26425cd7dec3332f512"}, + {file = "fsspec-2024.3.1.tar.gz", hash = "sha256:f39780e282d7d117ffb42bb96992f8a90795e4d0fb0f661a70ca39fe9c43ded9"}, +] + +[[package]] +name = "huggingface-hub" +version = "0.22.2" +requires_python = ">=3.8.0" +summary = "Client library to download and publish models, datasets and other repos on the huggingface.co hub" +dependencies = [ + "filelock", + "fsspec>=2023.5.0", + "packaging>=20.9", + "pyyaml>=5.1", + "requests", + "tqdm>=4.42.1", + "typing-extensions>=3.7.4.3", +] +files = [ + {file = "huggingface_hub-0.22.2-py3-none-any.whl", hash = "sha256:3429e25f38ccb834d310804a3b711e7e4953db5a9e420cc147a5e194ca90fd17"}, + {file = "huggingface_hub-0.22.2.tar.gz", hash = "sha256:32e9a9a6843c92f253ff9ca16b9985def4d80a93fb357af5353f770ef74a81be"}, +] + +[[package]] +name = "identify" +version = "2.5.36" +requires_python = ">=3.8" +summary = "File identification library for Python" +files = [ + {file = "identify-2.5.36-py2.py3-none-any.whl", hash = "sha256:37d93f380f4de590500d9dba7db359d0d3da95ffe7f9de1753faa159e71e7dfa"}, + {file = "identify-2.5.36.tar.gz", hash = "sha256:e5e00f54165f9047fbebeb4a560f9acfb8af4c88232be60a488e9b68d122745d"}, +] + +[[package]] +name = "idna" +version = "3.7" +requires_python = ">=3.5" +summary = "Internationalized Domain Names in Applications (IDNA)" +files = [ + {file = "idna-3.7-py3-none-any.whl", hash = "sha256:82fee1fc78add43492d3a1898bfa6d8a904cc97d8427f683ed8e798d07761aa0"}, + {file = "idna-3.7.tar.gz", hash = "sha256:028ff3aadf0609c1fd278d8ea3089299412a7a8b9bd005dd08b9f8285bcb5cfc"}, +] + +[[package]] +name = "importlib-metadata" +version = "7.1.0" +requires_python = ">=3.8" +summary = "Read metadata from Python packages" +dependencies = [ + "zipp>=0.5", +] +files = [ + {file = "importlib_metadata-7.1.0-py3-none-any.whl", hash = "sha256:30962b96c0c223483ed6cc7280e7f0199feb01a0e40cfae4d4450fc6fab1f570"}, + {file = "importlib_metadata-7.1.0.tar.gz", hash = "sha256:b78938b926ee8d5f020fc4772d487045805a55ddbad2ecf21c6d60938dc7fcd2"}, +] + +[[package]] +name = "ipykernel" +version = "6.29.4" +requires_python = ">=3.8" +summary = "IPython Kernel for Jupyter" +dependencies = [ + "appnope; platform_system == \"Darwin\"", + "comm>=0.1.1", + "debugpy>=1.6.5", + "ipython>=7.23.1", + "jupyter-client>=6.1.12", + "jupyter-core!=5.0.*,>=4.12", + "matplotlib-inline>=0.1", + "nest-asyncio", + "packaging", + "psutil", + "pyzmq>=24", + "tornado>=6.1", + "traitlets>=5.4.0", +] +files = [ + {file = "ipykernel-6.29.4-py3-none-any.whl", hash = "sha256:1181e653d95c6808039c509ef8e67c4126b3b3af7781496c7cbfb5ed938a27da"}, + {file = "ipykernel-6.29.4.tar.gz", hash = "sha256:3d44070060f9475ac2092b760123fadf105d2e2493c24848b6691a7c4f42af5c"}, +] + +[[package]] +name = "ipython" +version = "8.18.1" +requires_python = ">=3.9" +summary = "IPython: Productive Interactive Computing" +dependencies = [ + "colorama; sys_platform == \"win32\"", + "decorator", + "exceptiongroup; python_version < \"3.11\"", + "jedi>=0.16", + "matplotlib-inline", + "pexpect>4.3; sys_platform != \"win32\"", + "prompt-toolkit<3.1.0,>=3.0.41", + "pygments>=2.4.0", + "stack-data", + "traitlets>=5", + "typing-extensions; python_version < \"3.10\"", +] +files = [ + {file = "ipython-8.18.1-py3-none-any.whl", hash = "sha256:e8267419d72d81955ec1177f8a29aaa90ac80ad647499201119e2f05e99aa397"}, + {file = "ipython-8.18.1.tar.gz", hash = "sha256:ca6f079bb33457c66e233e4580ebfc4128855b4cf6370dddd73842a9563e8a27"}, +] + +[[package]] +name = "jedi" +version = "0.19.1" +requires_python = ">=3.6" +summary = "An autocompletion tool for Python that can be used for text editors." +dependencies = [ + "parso<0.9.0,>=0.8.3", +] +files = [ + {file = "jedi-0.19.1-py2.py3-none-any.whl", hash = "sha256:e983c654fe5c02867aef4cdfce5a2fbb4a50adc0af145f70504238f18ef5e7e0"}, + {file = "jedi-0.19.1.tar.gz", hash = "sha256:cf0496f3651bc65d7174ac1b7d043eff454892c708a87d1b683e57b569927ffd"}, +] + +[[package]] +name = "jinja2" +version = "3.1.3" +requires_python = ">=3.7" +summary = "A very fast and expressive template engine." +dependencies = [ + "MarkupSafe>=2.0", +] +files = [ + {file = "Jinja2-3.1.3-py3-none-any.whl", hash = "sha256:7d6d50dd97d52cbc355597bd845fabfbac3f551e1f99619e39a35ce8c370b5fa"}, + {file = "Jinja2-3.1.3.tar.gz", hash = "sha256:ac8bd6544d4bb2c9792bf3a159e80bba8fda7f07e81bc3aed565432d5925ba90"}, +] + +[[package]] +name = "jupyter-client" +version = "8.6.1" +requires_python = ">=3.8" +summary = "Jupyter protocol implementation and client libraries" +dependencies = [ + "importlib-metadata>=4.8.3; python_version < \"3.10\"", + "jupyter-core!=5.0.*,>=4.12", + "python-dateutil>=2.8.2", + "pyzmq>=23.0", + "tornado>=6.2", + "traitlets>=5.3", +] +files = [ + {file = "jupyter_client-8.6.1-py3-none-any.whl", hash = "sha256:3b7bd22f058434e3b9a7ea4b1500ed47de2713872288c0d511d19926f99b459f"}, + {file = "jupyter_client-8.6.1.tar.gz", hash = "sha256:e842515e2bab8e19186d89fdfea7abd15e39dd581f94e399f00e2af5a1652d3f"}, +] + +[[package]] +name = "jupyter-core" +version = "5.7.2" +requires_python = ">=3.8" +summary = "Jupyter core package. A base package on which Jupyter projects rely." +dependencies = [ + "platformdirs>=2.5", + "pywin32>=300; sys_platform == \"win32\" and platform_python_implementation != \"PyPy\"", + "traitlets>=5.3", +] +files = [ + {file = "jupyter_core-5.7.2-py3-none-any.whl", hash = "sha256:4f7315d2f6b4bcf2e3e7cb6e46772eba760ae459cd1f59d29eb57b0a01bd7409"}, + {file = "jupyter_core-5.7.2.tar.gz", hash = "sha256:aa5f8d32bbf6b431ac830496da7392035d6f61b4f54872f15c4bd2a9c3f536d9"}, +] + +[[package]] +name = "markupsafe" +version = "2.1.5" +requires_python = ">=3.7" +summary = "Safely add untrusted strings to HTML/XML markup." +files = [ + {file = "MarkupSafe-2.1.5-cp310-cp310-macosx_10_9_universal2.whl", hash = "sha256:a17a92de5231666cfbe003f0e4b9b3a7ae3afb1ec2845aadc2bacc93ff85febc"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:72b6be590cc35924b02c78ef34b467da4ba07e4e0f0454a2c5907f473fc50ce5"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:e61659ba32cf2cf1481e575d0462554625196a1f2fc06a1c777d3f48e8865d46"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:2174c595a0d73a3080ca3257b40096db99799265e1c27cc5a610743acd86d62f"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:ae2ad8ae6ebee9d2d94b17fb62763125f3f374c25618198f40cbb8b525411900"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:075202fa5b72c86ad32dc7d0b56024ebdbcf2048c0ba09f1cde31bfdd57bcfff"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-musllinux_1_1_i686.whl", hash = "sha256:598e3276b64aff0e7b3451b72e94fa3c238d452e7ddcd893c3ab324717456bad"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:fce659a462a1be54d2ffcacea5e3ba2d74daa74f30f5f143fe0c58636e355fdd"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-win32.whl", hash = "sha256:d9fad5155d72433c921b782e58892377c44bd6252b5af2f67f16b194987338a4"}, + {file = "MarkupSafe-2.1.5-cp310-cp310-win_amd64.whl", hash = "sha256:bf50cd79a75d181c9181df03572cdce0fbb75cc353bc350712073108cba98de5"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-macosx_10_9_universal2.whl", hash = "sha256:629ddd2ca402ae6dbedfceeba9c46d5f7b2a61d9749597d4307f943ef198fc1f"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:5b7b716f97b52c5a14bffdf688f971b2d5ef4029127f1ad7a513973cfd818df2"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:6ec585f69cec0aa07d945b20805be741395e28ac1627333b1c5b0105962ffced"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:b91c037585eba9095565a3556f611e3cbfaa42ca1e865f7b8015fe5c7336d5a5"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:7502934a33b54030eaf1194c21c692a534196063db72176b0c4028e140f8f32c"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:0e397ac966fdf721b2c528cf028494e86172b4feba51d65f81ffd65c63798f3f"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-musllinux_1_1_i686.whl", hash = "sha256:c061bb86a71b42465156a3ee7bd58c8c2ceacdbeb95d05a99893e08b8467359a"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:3a57fdd7ce31c7ff06cdfbf31dafa96cc533c21e443d57f5b1ecc6cdc668ec7f"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-win32.whl", hash = "sha256:397081c1a0bfb5124355710fe79478cdbeb39626492b15d399526ae53422b906"}, + {file = "MarkupSafe-2.1.5-cp311-cp311-win_amd64.whl", hash = "sha256:2b7c57a4dfc4f16f7142221afe5ba4e093e09e728ca65c51f5620c9aaeb9a617"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-macosx_10_9_universal2.whl", hash = "sha256:8dec4936e9c3100156f8a2dc89c4b88d5c435175ff03413b443469c7c8c5f4d1"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:3c6b973f22eb18a789b1460b4b91bf04ae3f0c4234a0a6aa6b0a92f6f7b951d4"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:ac07bad82163452a6884fe8fa0963fb98c2346ba78d779ec06bd7a6262132aee"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:f5dfb42c4604dddc8e4305050aa6deb084540643ed5804d7455b5df8fe16f5e5"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:ea3d8a3d18833cf4304cd2fc9cbb1efe188ca9b5efef2bdac7adc20594a0e46b"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:d050b3361367a06d752db6ead6e7edeb0009be66bc3bae0ee9d97fb326badc2a"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-musllinux_1_1_i686.whl", hash = "sha256:bec0a414d016ac1a18862a519e54b2fd0fc8bbfd6890376898a6c0891dd82e9f"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:58c98fee265677f63a4385256a6d7683ab1832f3ddd1e66fe948d5880c21a169"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-win32.whl", hash = "sha256:8590b4ae07a35970728874632fed7bd57b26b0102df2d2b233b6d9d82f6c62ad"}, + {file = "MarkupSafe-2.1.5-cp312-cp312-win_amd64.whl", hash = "sha256:823b65d8706e32ad2df51ed89496147a42a2a6e01c13cfb6ffb8b1e92bc910bb"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-macosx_10_9_universal2.whl", hash = "sha256:7a68b554d356a91cce1236aa7682dc01df0edba8d043fd1ce607c49dd3c1edcf"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:db0b55e0f3cc0be60c1f19efdde9a637c32740486004f20d1cff53c3c0ece4d2"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:3e53af139f8579a6d5f7b76549125f0d94d7e630761a2111bc431fd820e163b8"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:17b950fccb810b3293638215058e432159d2b71005c74371d784862b7e4683f3"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:4c31f53cdae6ecfa91a77820e8b151dba54ab528ba65dfd235c80b086d68a465"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:bff1b4290a66b490a2f4719358c0cdcd9bafb6b8f061e45c7a2460866bf50c2e"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-musllinux_1_1_i686.whl", hash = "sha256:bc1667f8b83f48511b94671e0e441401371dfd0f0a795c7daa4a3cd1dde55bea"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:5049256f536511ee3f7e1b3f87d1d1209d327e818e6ae1365e8653d7e3abb6a6"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-win32.whl", hash = "sha256:00e046b6dd71aa03a41079792f8473dc494d564611a8f89bbbd7cb93295ebdcf"}, + {file = "MarkupSafe-2.1.5-cp39-cp39-win_amd64.whl", hash = "sha256:fa173ec60341d6bb97a89f5ea19c85c5643c1e7dedebc22f5181eb73573142c5"}, + {file = "MarkupSafe-2.1.5.tar.gz", hash = "sha256:d283d37a890ba4c1ae73ffadf8046435c76e7bc2247bbb63c00bd1a709c6544b"}, +] + +[[package]] +name = "matplotlib-inline" +version = "0.1.7" +requires_python = ">=3.8" +summary = "Inline Matplotlib backend for Jupyter" +dependencies = [ + "traitlets", +] +files = [ + {file = "matplotlib_inline-0.1.7-py3-none-any.whl", hash = "sha256:df192d39a4ff8f21b1895d72e6a13f5fcc5099f00fa84384e0ea28c2cc0653ca"}, + {file = "matplotlib_inline-0.1.7.tar.gz", hash = "sha256:8423b23ec666be3d16e16b60bdd8ac4e86e840ebd1dd11a30b9f117f2fa0ab90"}, +] + +[[package]] +name = "mpmath" +version = "1.3.0" +summary = "Python library for arbitrary-precision floating-point arithmetic" +files = [ + {file = "mpmath-1.3.0-py3-none-any.whl", hash = "sha256:a0b2b9fe80bbcd81a6647ff13108738cfb482d481d826cc0e02f5b35e5c88d2c"}, + {file = "mpmath-1.3.0.tar.gz", hash = "sha256:7a28eb2a9774d00c7bc92411c19a89209d5da7c4c9a9e227be8330a23a25b91f"}, +] + +[[package]] +name = "nest-asyncio" +version = "1.6.0" +requires_python = ">=3.5" +summary = "Patch asyncio to allow nested event loops" +files = [ + {file = "nest_asyncio-1.6.0-py3-none-any.whl", hash = "sha256:87af6efd6b5e897c81050477ef65c62e2b2f35d51703cae01aff2905b1852e1c"}, + {file = "nest_asyncio-1.6.0.tar.gz", hash = "sha256:6f172d5449aca15afd6c646851f4e31e02c598d553a667e38cafa997cfec55fe"}, +] + +[[package]] +name = "networkx" +version = "3.2.1" +requires_python = ">=3.9" +summary = "Python package for creating and manipulating graphs and networks" +files = [ + {file = "networkx-3.2.1-py3-none-any.whl", hash = "sha256:f18c69adc97877c42332c170849c96cefa91881c99a7cb3e95b7c659ebdc1ec2"}, + {file = "networkx-3.2.1.tar.gz", hash = "sha256:9f1bb5cf3409bf324e0a722c20bdb4c20ee39bf1c30ce8ae499c8502b0b5e0c6"}, +] + +[[package]] +name = "nodeenv" +version = "1.8.0" +requires_python = ">=2.7,!=3.0.*,!=3.1.*,!=3.2.*,!=3.3.*,!=3.4.*,!=3.5.*,!=3.6.*" +summary = "Node.js virtual environment builder" +dependencies = [ + "setuptools", +] +files = [ + {file = "nodeenv-1.8.0-py2.py3-none-any.whl", hash = "sha256:df865724bb3c3adc86b3876fa209771517b0cfe596beff01a92700e0e8be4cec"}, + {file = "nodeenv-1.8.0.tar.gz", hash = "sha256:d51e0c37e64fbf47d017feac3145cdbb58836d7eee8c6f6d3b6880c5456227d2"}, +] + +[[package]] +name = "numpy" +version = "1.26.4" +requires_python = ">=3.9" +summary = "Fundamental package for array computing in Python" +files = [ + {file = "numpy-1.26.4-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:9ff0f4f29c51e2803569d7a51c2304de5554655a60c5d776e35b4a41413830d0"}, + {file = "numpy-1.26.4-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:2e4ee3380d6de9c9ec04745830fd9e2eccb3e6cf790d39d7b98ffd19b0dd754a"}, + {file = "numpy-1.26.4-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:d209d8969599b27ad20994c8e41936ee0964e6da07478d6c35016bc386b66ad4"}, + {file = "numpy-1.26.4-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:ffa75af20b44f8dba823498024771d5ac50620e6915abac414251bd971b4529f"}, + {file = "numpy-1.26.4-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:62b8e4b1e28009ef2846b4c7852046736bab361f7aeadeb6a5b89ebec3c7055a"}, + {file = "numpy-1.26.4-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:a4abb4f9001ad2858e7ac189089c42178fcce737e4169dc61321660f1a96c7d2"}, + {file = "numpy-1.26.4-cp310-cp310-win32.whl", hash = "sha256:bfe25acf8b437eb2a8b2d49d443800a5f18508cd811fea3181723922a8a82b07"}, + {file = "numpy-1.26.4-cp310-cp310-win_amd64.whl", hash = "sha256:b97fe8060236edf3662adfc2c633f56a08ae30560c56310562cb4f95500022d5"}, + {file = "numpy-1.26.4-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:4c66707fabe114439db9068ee468c26bbdf909cac0fb58686a42a24de1760c71"}, + {file = "numpy-1.26.4-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:edd8b5fe47dab091176d21bb6de568acdd906d1887a4584a15a9a96a1dca06ef"}, + {file = "numpy-1.26.4-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:7ab55401287bfec946ced39700c053796e7cc0e3acbef09993a9ad2adba6ca6e"}, + {file = "numpy-1.26.4-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:666dbfb6ec68962c033a450943ded891bed2d54e6755e35e5835d63f4f6931d5"}, + {file = "numpy-1.26.4-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:96ff0b2ad353d8f990b63294c8986f1ec3cb19d749234014f4e7eb0112ceba5a"}, + {file = "numpy-1.26.4-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:60dedbb91afcbfdc9bc0b1f3f402804070deed7392c23eb7a7f07fa857868e8a"}, + {file = "numpy-1.26.4-cp311-cp311-win32.whl", hash = "sha256:1af303d6b2210eb850fcf03064d364652b7120803a0b872f5211f5234b399f20"}, + {file = "numpy-1.26.4-cp311-cp311-win_amd64.whl", hash = "sha256:cd25bcecc4974d09257ffcd1f098ee778f7834c3ad767fe5db785be9a4aa9cb2"}, + {file = "numpy-1.26.4-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:b3ce300f3644fb06443ee2222c2201dd3a89ea6040541412b8fa189341847218"}, + {file = "numpy-1.26.4-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:03a8c78d01d9781b28a6989f6fa1bb2c4f2d51201cf99d3dd875df6fbd96b23b"}, + {file = "numpy-1.26.4-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:9fad7dcb1aac3c7f0584a5a8133e3a43eeb2fe127f47e3632d43d677c66c102b"}, + {file = "numpy-1.26.4-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:675d61ffbfa78604709862923189bad94014bef562cc35cf61d3a07bba02a7ed"}, + {file = "numpy-1.26.4-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:ab47dbe5cc8210f55aa58e4805fe224dac469cde56b9f731a4c098b91917159a"}, + {file = "numpy-1.26.4-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:1dda2e7b4ec9dd512f84935c5f126c8bd8b9f2fc001e9f54af255e8c5f16b0e0"}, + {file = "numpy-1.26.4-cp312-cp312-win32.whl", hash = "sha256:50193e430acfc1346175fcbdaa28ffec49947a06918b7b92130744e81e640110"}, + {file = "numpy-1.26.4-cp312-cp312-win_amd64.whl", hash = "sha256:08beddf13648eb95f8d867350f6a018a4be2e5ad54c8d8caed89ebca558b2818"}, + {file = "numpy-1.26.4-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:7349ab0fa0c429c82442a27a9673fc802ffdb7c7775fad780226cb234965e53c"}, + {file = "numpy-1.26.4-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:52b8b60467cd7dd1e9ed082188b4e6bb35aa5cdd01777621a1658910745b90be"}, + {file = "numpy-1.26.4-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:d5241e0a80d808d70546c697135da2c613f30e28251ff8307eb72ba696945764"}, + {file = "numpy-1.26.4-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:f870204a840a60da0b12273ef34f7051e98c3b5961b61b0c2c1be6dfd64fbcd3"}, + {file = "numpy-1.26.4-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:679b0076f67ecc0138fd2ede3a8fd196dddc2ad3254069bcb9faf9a79b1cebcd"}, + {file = "numpy-1.26.4-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:47711010ad8555514b434df65f7d7b076bb8261df1ca9bb78f53d3b2db02e95c"}, + {file = "numpy-1.26.4-cp39-cp39-win32.whl", hash = "sha256:a354325ee03388678242a4d7ebcd08b5c727033fcff3b2f536aea978e15ee9e6"}, + {file = "numpy-1.26.4-cp39-cp39-win_amd64.whl", hash = "sha256:3373d5d70a5fe74a2c1bb6d2cfd9609ecf686d47a2d7b1d37a8f3b6bf6003aea"}, + {file = "numpy-1.26.4-pp39-pypy39_pp73-macosx_10_9_x86_64.whl", hash = "sha256:afedb719a9dcfc7eaf2287b839d8198e06dcd4cb5d276a3df279231138e83d30"}, + {file = "numpy-1.26.4-pp39-pypy39_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:95a7476c59002f2f6c590b9b7b998306fba6a5aa646b1e22ddfeaf8f78c3a29c"}, + {file = "numpy-1.26.4-pp39-pypy39_pp73-win_amd64.whl", hash = "sha256:7e50d0a0cc3189f9cb0aeb3a6a6af18c16f59f004b866cd2be1c14b36134a4a0"}, + {file = "numpy-1.26.4.tar.gz", hash = "sha256:2a02aba9ed12e4ac4eb3ea9421c420301a0c6460d9830d74a9df87efa4912010"}, +] + +[[package]] +name = "nvidia-cublas-cu12" +version = "12.1.3.1" +requires_python = ">=3" +summary = "CUBLAS native runtime libraries" +files = [ + {file = "nvidia_cublas_cu12-12.1.3.1-py3-none-manylinux1_x86_64.whl", hash = "sha256:ee53ccca76a6fc08fb9701aa95b6ceb242cdaab118c3bb152af4e579af792728"}, + {file = "nvidia_cublas_cu12-12.1.3.1-py3-none-win_amd64.whl", hash = "sha256:2b964d60e8cf11b5e1073d179d85fa340c120e99b3067558f3cf98dd69d02906"}, +] + +[[package]] +name = "nvidia-cuda-cupti-cu12" +version = "12.1.105" +requires_python = ">=3" +summary = "CUDA profiling tools runtime libs." +files = [ + {file = "nvidia_cuda_cupti_cu12-12.1.105-py3-none-manylinux1_x86_64.whl", hash = "sha256:e54fde3983165c624cb79254ae9818a456eb6e87a7fd4d56a2352c24ee542d7e"}, + {file = "nvidia_cuda_cupti_cu12-12.1.105-py3-none-win_amd64.whl", hash = "sha256:bea8236d13a0ac7190bd2919c3e8e6ce1e402104276e6f9694479e48bb0eb2a4"}, +] + +[[package]] +name = "nvidia-cuda-nvrtc-cu12" +version = "12.1.105" +requires_python = ">=3" +summary = "NVRTC native runtime libraries" +files = [ + {file = "nvidia_cuda_nvrtc_cu12-12.1.105-py3-none-manylinux1_x86_64.whl", hash = "sha256:339b385f50c309763ca65456ec75e17bbefcbbf2893f462cb8b90584cd27a1c2"}, + {file = "nvidia_cuda_nvrtc_cu12-12.1.105-py3-none-win_amd64.whl", hash = "sha256:0a98a522d9ff138b96c010a65e145dc1b4850e9ecb75a0172371793752fd46ed"}, +] + +[[package]] +name = "nvidia-cuda-runtime-cu12" +version = "12.1.105" +requires_python = ">=3" +summary = "CUDA Runtime native Libraries" +files = [ + {file = "nvidia_cuda_runtime_cu12-12.1.105-py3-none-manylinux1_x86_64.whl", hash = "sha256:6e258468ddf5796e25f1dc591a31029fa317d97a0a94ed93468fc86301d61e40"}, + {file = "nvidia_cuda_runtime_cu12-12.1.105-py3-none-win_amd64.whl", hash = "sha256:dfb46ef84d73fababab44cf03e3b83f80700d27ca300e537f85f636fac474344"}, +] + +[[package]] +name = "nvidia-cudnn-cu12" +version = "8.9.2.26" +requires_python = ">=3" +summary = "cuDNN runtime libraries" +dependencies = [ + "nvidia-cublas-cu12", +] +files = [ + {file = "nvidia_cudnn_cu12-8.9.2.26-py3-none-manylinux1_x86_64.whl", hash = "sha256:5ccb288774fdfb07a7e7025ffec286971c06d8d7b4fb162525334616d7629ff9"}, +] + +[[package]] +name = "nvidia-cufft-cu12" +version = "11.0.2.54" +requires_python = ">=3" +summary = "CUFFT native runtime libraries" +files = [ + {file = "nvidia_cufft_cu12-11.0.2.54-py3-none-manylinux1_x86_64.whl", hash = "sha256:794e3948a1aa71fd817c3775866943936774d1c14e7628c74f6f7417224cdf56"}, + {file = "nvidia_cufft_cu12-11.0.2.54-py3-none-win_amd64.whl", hash = "sha256:d9ac353f78ff89951da4af698f80870b1534ed69993f10a4cf1d96f21357e253"}, +] + +[[package]] +name = "nvidia-curand-cu12" +version = "10.3.2.106" +requires_python = ">=3" +summary = "CURAND native runtime libraries" +files = [ + {file = "nvidia_curand_cu12-10.3.2.106-py3-none-manylinux1_x86_64.whl", hash = "sha256:9d264c5036dde4e64f1de8c50ae753237c12e0b1348738169cd0f8a536c0e1e0"}, + {file = "nvidia_curand_cu12-10.3.2.106-py3-none-win_amd64.whl", hash = "sha256:75b6b0c574c0037839121317e17fd01f8a69fd2ef8e25853d826fec30bdba74a"}, +] + +[[package]] +name = "nvidia-cusolver-cu12" +version = "11.4.5.107" +requires_python = ">=3" +summary = "CUDA solver native runtime libraries" +dependencies = [ + "nvidia-cublas-cu12", + "nvidia-cusparse-cu12", + "nvidia-nvjitlink-cu12", +] +files = [ + {file = "nvidia_cusolver_cu12-11.4.5.107-py3-none-manylinux1_x86_64.whl", hash = "sha256:8a7ec542f0412294b15072fa7dab71d31334014a69f953004ea7a118206fe0dd"}, + {file = "nvidia_cusolver_cu12-11.4.5.107-py3-none-win_amd64.whl", hash = "sha256:74e0c3a24c78612192a74fcd90dd117f1cf21dea4822e66d89e8ea80e3cd2da5"}, +] + +[[package]] +name = "nvidia-cusparse-cu12" +version = "12.1.0.106" +requires_python = ">=3" +summary = "CUSPARSE native runtime libraries" +dependencies = [ + "nvidia-nvjitlink-cu12", +] +files = [ + {file = "nvidia_cusparse_cu12-12.1.0.106-py3-none-manylinux1_x86_64.whl", hash = "sha256:f3b50f42cf363f86ab21f720998517a659a48131e8d538dc02f8768237bd884c"}, + {file = "nvidia_cusparse_cu12-12.1.0.106-py3-none-win_amd64.whl", hash = "sha256:b798237e81b9719373e8fae8d4f091b70a0cf09d9d85c95a557e11df2d8e9a5a"}, +] + +[[package]] +name = "nvidia-nccl-cu12" +version = "2.19.3" +requires_python = ">=3" +summary = "NVIDIA Collective Communication Library (NCCL) Runtime" +files = [ + {file = "nvidia_nccl_cu12-2.19.3-py3-none-manylinux1_x86_64.whl", hash = "sha256:a9734707a2c96443331c1e48c717024aa6678a0e2a4cb66b2c364d18cee6b48d"}, +] + +[[package]] +name = "nvidia-nvjitlink-cu12" +version = "12.4.127" +requires_python = ">=3" +summary = "Nvidia JIT LTO Library" +files = [ + {file = "nvidia_nvjitlink_cu12-12.4.127-py3-none-manylinux2014_x86_64.whl", hash = "sha256:06b3b9b25bf3f8af351d664978ca26a16d2c5127dbd53c0497e28d1fb9611d57"}, + {file = "nvidia_nvjitlink_cu12-12.4.127-py3-none-win_amd64.whl", hash = "sha256:fd9020c501d27d135f983c6d3e244b197a7ccad769e34df53a42e276b0e25fa1"}, +] + +[[package]] +name = "nvidia-nvtx-cu12" +version = "12.1.105" +requires_python = ">=3" +summary = "NVIDIA Tools Extension" +files = [ + {file = "nvidia_nvtx_cu12-12.1.105-py3-none-manylinux1_x86_64.whl", hash = "sha256:dc21cf308ca5691e7c04d962e213f8a4aa9bbfa23d95412f452254c2caeb09e5"}, + {file = "nvidia_nvtx_cu12-12.1.105-py3-none-win_amd64.whl", hash = "sha256:65f4d98982b31b60026e0e6de73fbdfc09d08a96f4656dd3665ca616a11e1e82"}, +] + +[[package]] +name = "packaging" +version = "24.0" +requires_python = ">=3.7" +summary = "Core utilities for Python packages" +files = [ + {file = "packaging-24.0-py3-none-any.whl", hash = "sha256:2ddfb553fdf02fb784c234c7ba6ccc288296ceabec964ad2eae3777778130bc5"}, + {file = "packaging-24.0.tar.gz", hash = "sha256:eb82c5e3e56209074766e6885bb04b8c38a0c015d0a30036ebe7ece34c9989e9"}, +] + +[[package]] +name = "pandas" +version = "2.2.2" +requires_python = ">=3.9" +summary = "Powerful data structures for data analysis, time series, and statistics" +dependencies = [ + "numpy>=1.22.4; python_version < \"3.11\"", + "numpy>=1.23.2; python_version == \"3.11\"", + "numpy>=1.26.0; python_version >= \"3.12\"", + "python-dateutil>=2.8.2", + "pytz>=2020.1", + "tzdata>=2022.7", +] +files = [ + {file = "pandas-2.2.2-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:90c6fca2acf139569e74e8781709dccb6fe25940488755716d1d354d6bc58bce"}, + {file = "pandas-2.2.2-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:c7adfc142dac335d8c1e0dcbd37eb8617eac386596eb9e1a1b77791cf2498238"}, + {file = "pandas-2.2.2-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:4abfe0be0d7221be4f12552995e58723c7422c80a659da13ca382697de830c08"}, + {file = "pandas-2.2.2-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:8635c16bf3d99040fdf3ca3db669a7250ddf49c55dc4aa8fe0ae0fa8d6dcc1f0"}, + {file = "pandas-2.2.2-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:40ae1dffb3967a52203105a077415a86044a2bea011b5f321c6aa64b379a3f51"}, + {file = "pandas-2.2.2-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:8e5a0b00e1e56a842f922e7fae8ae4077aee4af0acb5ae3622bd4b4c30aedf99"}, + {file = "pandas-2.2.2-cp310-cp310-win_amd64.whl", hash = "sha256:ddf818e4e6c7c6f4f7c8a12709696d193976b591cc7dc50588d3d1a6b5dc8772"}, + {file = "pandas-2.2.2-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:696039430f7a562b74fa45f540aca068ea85fa34c244d0deee539cb6d70aa288"}, + {file = "pandas-2.2.2-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:8e90497254aacacbc4ea6ae5e7a8cd75629d6ad2b30025a4a8b09aa4faf55151"}, + {file = "pandas-2.2.2-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:58b84b91b0b9f4bafac2a0ac55002280c094dfc6402402332c0913a59654ab2b"}, + {file = "pandas-2.2.2-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:6d2123dc9ad6a814bcdea0f099885276b31b24f7edf40f6cdbc0912672e22eee"}, + {file = "pandas-2.2.2-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:2925720037f06e89af896c70bca73459d7e6a4be96f9de79e2d440bd499fe0db"}, + {file = "pandas-2.2.2-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:0cace394b6ea70c01ca1595f839cf193df35d1575986e484ad35c4aeae7266c1"}, + {file = "pandas-2.2.2-cp311-cp311-win_amd64.whl", hash = "sha256:873d13d177501a28b2756375d59816c365e42ed8417b41665f346289adc68d24"}, + {file = "pandas-2.2.2-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:9dfde2a0ddef507a631dc9dc4af6a9489d5e2e740e226ad426a05cabfbd7c8ef"}, + {file = "pandas-2.2.2-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:e9b79011ff7a0f4b1d6da6a61aa1aa604fb312d6647de5bad20013682d1429ce"}, + {file = "pandas-2.2.2-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:1cb51fe389360f3b5a4d57dbd2848a5f033350336ca3b340d1c53a1fad33bcad"}, + {file = "pandas-2.2.2-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:eee3a87076c0756de40b05c5e9a6069c035ba43e8dd71c379e68cab2c20f16ad"}, + {file = "pandas-2.2.2-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:3e374f59e440d4ab45ca2fffde54b81ac3834cf5ae2cdfa69c90bc03bde04d76"}, + {file = "pandas-2.2.2-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:43498c0bdb43d55cb162cdc8c06fac328ccb5d2eabe3cadeb3529ae6f0517c32"}, + {file = "pandas-2.2.2-cp312-cp312-win_amd64.whl", hash = "sha256:d187d355ecec3629624fccb01d104da7d7f391db0311145817525281e2804d23"}, + {file = "pandas-2.2.2-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:0ca6377b8fca51815f382bd0b697a0814c8bda55115678cbc94c30aacbb6eff2"}, + {file = "pandas-2.2.2-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:9057e6aa78a584bc93a13f0a9bf7e753a5e9770a30b4d758b8d5f2a62a9433cd"}, + {file = "pandas-2.2.2-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:001910ad31abc7bf06f49dcc903755d2f7f3a9186c0c040b827e522e9cef0863"}, + {file = "pandas-2.2.2-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:66b479b0bd07204e37583c191535505410daa8df638fd8e75ae1b383851fe921"}, + {file = "pandas-2.2.2-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:a77e9d1c386196879aa5eb712e77461aaee433e54c68cf253053a73b7e49c33a"}, + {file = "pandas-2.2.2-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:92fd6b027924a7e178ac202cfbe25e53368db90d56872d20ffae94b96c7acc57"}, + {file = "pandas-2.2.2-cp39-cp39-win_amd64.whl", hash = "sha256:640cef9aa381b60e296db324337a554aeeb883ead99dc8f6c18e81a93942f5f4"}, + {file = "pandas-2.2.2.tar.gz", hash = "sha256:9e79019aba43cb4fda9e4d983f8e88ca0373adbb697ae9c6c43093218de28b54"}, +] + +[[package]] +name = "parso" +version = "0.8.4" +requires_python = ">=3.6" +summary = "A Python Parser" +files = [ + {file = "parso-0.8.4-py2.py3-none-any.whl", hash = "sha256:a418670a20291dacd2dddc80c377c5c3791378ee1e8d12bffc35420643d43f18"}, + {file = "parso-0.8.4.tar.gz", hash = "sha256:eb3a7b58240fb99099a345571deecc0f9540ea5f4dd2fe14c2a99d6b281ab92d"}, +] + +[[package]] +name = "pexpect" +version = "4.9.0" +summary = "Pexpect allows easy control of interactive console applications." +dependencies = [ + "ptyprocess>=0.5", +] +files = [ + {file = "pexpect-4.9.0-py2.py3-none-any.whl", hash = "sha256:7236d1e080e4936be2dc3e326cec0af72acf9212a7e1d060210e70a47e253523"}, + {file = "pexpect-4.9.0.tar.gz", hash = "sha256:ee7d41123f3c9911050ea2c2dac107568dc43b2d3b0c7557a33212c398ead30f"}, +] + +[[package]] +name = "platformdirs" +version = "4.2.0" +requires_python = ">=3.8" +summary = "A small Python package for determining appropriate platform-specific dirs, e.g. a \"user data dir\"." +files = [ + {file = "platformdirs-4.2.0-py3-none-any.whl", hash = "sha256:0614df2a2f37e1a662acbd8e2b25b92ccf8632929bc6d43467e17fe89c75e068"}, + {file = "platformdirs-4.2.0.tar.gz", hash = "sha256:ef0cc731df711022c174543cb70a9b5bd22e5a9337c8624ef2c2ceb8ddad8768"}, +] + +[[package]] +name = "pre-commit" +version = "3.7.0" +requires_python = ">=3.9" +summary = "A framework for managing and maintaining multi-language pre-commit hooks." +dependencies = [ + "cfgv>=2.0.0", + "identify>=1.0.0", + "nodeenv>=0.11.1", + "pyyaml>=5.1", + "virtualenv>=20.10.0", +] +files = [ + {file = "pre_commit-3.7.0-py2.py3-none-any.whl", hash = "sha256:5eae9e10c2b5ac51577c3452ec0a490455c45a0533f7960f993a0d01e59decab"}, + {file = "pre_commit-3.7.0.tar.gz", hash = "sha256:e209d61b8acdcf742404408531f0c37d49d2c734fd7cff2d6076083d191cb060"}, +] + +[[package]] +name = "prompt-toolkit" +version = "3.0.43" +requires_python = ">=3.7.0" +summary = "Library for building powerful interactive command lines in Python" +dependencies = [ + "wcwidth", +] +files = [ + {file = "prompt_toolkit-3.0.43-py3-none-any.whl", hash = "sha256:a11a29cb3bf0a28a387fe5122cdb649816a957cd9261dcedf8c9f1fef33eacf6"}, + {file = "prompt_toolkit-3.0.43.tar.gz", hash = "sha256:3527b7af26106cbc65a040bcc84839a3566ec1b051bb0bfe953631e704b0ff7d"}, +] + +[[package]] +name = "psutil" +version = "5.9.8" +requires_python = ">=2.7, !=3.0.*, !=3.1.*, !=3.2.*, !=3.3.*, !=3.4.*, !=3.5.*" +summary = "Cross-platform lib for process and system monitoring in Python." +files = [ + {file = "psutil-5.9.8-cp36-abi3-macosx_10_9_x86_64.whl", hash = "sha256:aee678c8720623dc456fa20659af736241f575d79429a0e5e9cf88ae0605cc81"}, + {file = "psutil-5.9.8-cp36-abi3-manylinux_2_12_i686.manylinux2010_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:8cb6403ce6d8e047495a701dc7c5bd788add903f8986d523e3e20b98b733e421"}, + {file = "psutil-5.9.8-cp36-abi3-manylinux_2_12_x86_64.manylinux2010_x86_64.manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:d06016f7f8625a1825ba3732081d77c94589dca78b7a3fc072194851e88461a4"}, + {file = "psutil-5.9.8-cp37-abi3-win32.whl", hash = "sha256:bc56c2a1b0d15aa3eaa5a60c9f3f8e3e565303b465dbf57a1b730e7a2b9844e0"}, + {file = "psutil-5.9.8-cp37-abi3-win_amd64.whl", hash = "sha256:8db4c1b57507eef143a15a6884ca10f7c73876cdf5d51e713151c1236a0e68cf"}, + {file = "psutil-5.9.8-cp38-abi3-macosx_11_0_arm64.whl", hash = "sha256:d16bbddf0693323b8c6123dd804100241da461e41d6e332fb0ba6058f630f8c8"}, + {file = "psutil-5.9.8.tar.gz", hash = "sha256:6be126e3225486dff286a8fb9a06246a5253f4c7c53b475ea5f5ac934e64194c"}, +] + +[[package]] +name = "ptyprocess" +version = "0.7.0" +summary = "Run a subprocess in a pseudo terminal" +files = [ + {file = "ptyprocess-0.7.0-py2.py3-none-any.whl", hash = "sha256:4b41f3967fce3af57cc7e94b888626c18bf37a083e3651ca8feeb66d492fef35"}, + {file = "ptyprocess-0.7.0.tar.gz", hash = "sha256:5c5d0a3b48ceee0b48485e0c26037c0acd7d29765ca3fbb5cb3831d347423220"}, +] + +[[package]] +name = "pure-eval" +version = "0.2.2" +summary = "Safely evaluate AST nodes without side effects" +files = [ + {file = "pure_eval-0.2.2-py3-none-any.whl", hash = "sha256:01eaab343580944bc56080ebe0a674b39ec44a945e6d09ba7db3cb8cec289350"}, + {file = "pure_eval-0.2.2.tar.gz", hash = "sha256:2b45320af6dfaa1750f543d714b6d1c520a1688dec6fd24d339063ce0aaa9ac3"}, +] + +[[package]] +name = "pycparser" +version = "2.22" +requires_python = ">=3.8" +summary = "C parser in Python" +files = [ + {file = "pycparser-2.22-py3-none-any.whl", hash = "sha256:c3702b6d3dd8c7abc1afa565d7e63d53a1d0bd86cdc24edd75470f4de499cfcc"}, + {file = "pycparser-2.22.tar.gz", hash = "sha256:491c8be9c040f5390f5bf44a5b07752bd07f56edf992381b05c701439eec10f6"}, +] + +[[package]] +name = "pygments" +version = "2.17.2" +requires_python = ">=3.7" +summary = "Pygments is a syntax highlighting package written in Python." +files = [ + {file = "pygments-2.17.2-py3-none-any.whl", hash = "sha256:b27c2826c47d0f3219f29554824c30c5e8945175d888647acd804ddd04af846c"}, + {file = "pygments-2.17.2.tar.gz", hash = "sha256:da46cec9fd2de5be3a8a784f434e4c4ab670b4ff54d605c4c2717e9d49c4c367"}, +] + +[[package]] +name = "python-dateutil" +version = "2.9.0.post0" +requires_python = "!=3.0.*,!=3.1.*,!=3.2.*,>=2.7" +summary = "Extensions to the standard Python datetime module" +dependencies = [ + "six>=1.5", +] +files = [ + {file = "python-dateutil-2.9.0.post0.tar.gz", hash = "sha256:37dd54208da7e1cd875388217d5e00ebd4179249f90fb72437e91a35459a0ad3"}, + {file = "python_dateutil-2.9.0.post0-py2.py3-none-any.whl", hash = "sha256:a8b2bc7bffae282281c8140a97d3aa9c14da0b136dfe83f850eea9a5f7470427"}, +] + +[[package]] +name = "pytz" +version = "2024.1" +summary = "World timezone definitions, modern and historical" +files = [ + {file = "pytz-2024.1-py2.py3-none-any.whl", hash = "sha256:328171f4e3623139da4983451950b28e95ac706e13f3f2630a879749e7a8b319"}, + {file = "pytz-2024.1.tar.gz", hash = "sha256:2a29735ea9c18baf14b448846bde5a48030ed267578472d8955cd0e7443a9812"}, +] + +[[package]] +name = "pywin32" +version = "306" +summary = "Python for Window Extensions" +files = [ + {file = "pywin32-306-cp310-cp310-win32.whl", hash = "sha256:06d3420a5155ba65f0b72f2699b5bacf3109f36acbe8923765c22938a69dfc8d"}, + {file = "pywin32-306-cp310-cp310-win_amd64.whl", hash = "sha256:84f4471dbca1887ea3803d8848a1616429ac94a4a8d05f4bc9c5dcfd42ca99c8"}, + {file = "pywin32-306-cp311-cp311-win32.whl", hash = "sha256:e65028133d15b64d2ed8f06dd9fbc268352478d4f9289e69c190ecd6818b6407"}, + {file = "pywin32-306-cp311-cp311-win_amd64.whl", hash = "sha256:a7639f51c184c0272e93f244eb24dafca9b1855707d94c192d4a0b4c01e1100e"}, + {file = "pywin32-306-cp311-cp311-win_arm64.whl", hash = "sha256:70dba0c913d19f942a2db25217d9a1b726c278f483a919f1abfed79c9cf64d3a"}, + {file = "pywin32-306-cp312-cp312-win32.whl", hash = "sha256:383229d515657f4e3ed1343da8be101000562bf514591ff383ae940cad65458b"}, + {file = "pywin32-306-cp312-cp312-win_amd64.whl", hash = "sha256:37257794c1ad39ee9be652da0462dc2e394c8159dfd913a8a4e8eb6fd346da0e"}, + {file = "pywin32-306-cp312-cp312-win_arm64.whl", hash = "sha256:5821ec52f6d321aa59e2db7e0a35b997de60c201943557d108af9d4ae1ec7040"}, + {file = "pywin32-306-cp39-cp39-win32.whl", hash = "sha256:e25fd5b485b55ac9c057f67d94bc203f3f6595078d1fb3b458c9c28b7153a802"}, + {file = "pywin32-306-cp39-cp39-win_amd64.whl", hash = "sha256:39b61c15272833b5c329a2989999dcae836b1eed650252ab1b7bfbe1d59f30f4"}, +] + +[[package]] +name = "pyyaml" +version = "6.0.1" +requires_python = ">=3.6" +summary = "YAML parser and emitter for Python" +files = [ + {file = "PyYAML-6.0.1-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:d858aa552c999bc8a8d57426ed01e40bef403cd8ccdd0fc5f6f04a00414cac2a"}, + {file = "PyYAML-6.0.1-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:fd66fc5d0da6d9815ba2cebeb4205f95818ff4b79c3ebe268e75d961704af52f"}, + {file = "PyYAML-6.0.1-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:69b023b2b4daa7548bcfbd4aa3da05b3a74b772db9e23b982788168117739938"}, + {file = "PyYAML-6.0.1-cp310-cp310-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:81e0b275a9ecc9c0c0c07b4b90ba548307583c125f54d5b6946cfee6360c733d"}, + {file = "PyYAML-6.0.1-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:ba336e390cd8e4d1739f42dfe9bb83a3cc2e80f567d8805e11b46f4a943f5515"}, + {file = "PyYAML-6.0.1-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:326c013efe8048858a6d312ddd31d56e468118ad4cdeda36c719bf5bb6192290"}, + {file = "PyYAML-6.0.1-cp310-cp310-win32.whl", hash = "sha256:bd4af7373a854424dabd882decdc5579653d7868b8fb26dc7d0e99f823aa5924"}, + {file = "PyYAML-6.0.1-cp310-cp310-win_amd64.whl", hash = "sha256:fd1592b3fdf65fff2ad0004b5e363300ef59ced41c2e6b3a99d4089fa8c5435d"}, + {file = "PyYAML-6.0.1-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:6965a7bc3cf88e5a1c3bd2e0b5c22f8d677dc88a455344035f03399034eb3007"}, + {file = "PyYAML-6.0.1-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:f003ed9ad21d6a4713f0a9b5a7a0a79e08dd0f221aff4525a2be4c346ee60aab"}, + {file = "PyYAML-6.0.1-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:42f8152b8dbc4fe7d96729ec2b99c7097d656dc1213a3229ca5383f973a5ed6d"}, + {file = "PyYAML-6.0.1-cp311-cp311-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:062582fca9fabdd2c8b54a3ef1c978d786e0f6b3a1510e0ac93ef59e0ddae2bc"}, + {file = "PyYAML-6.0.1-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:d2b04aac4d386b172d5b9692e2d2da8de7bfb6c387fa4f801fbf6fb2e6ba4673"}, + {file = "PyYAML-6.0.1-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:e7d73685e87afe9f3b36c799222440d6cf362062f78be1013661b00c5c6f678b"}, + {file = "PyYAML-6.0.1-cp311-cp311-win32.whl", hash = "sha256:1635fd110e8d85d55237ab316b5b011de701ea0f29d07611174a1b42f1444741"}, + {file = "PyYAML-6.0.1-cp311-cp311-win_amd64.whl", hash = "sha256:bf07ee2fef7014951eeb99f56f39c9bb4af143d8aa3c21b1677805985307da34"}, + {file = "PyYAML-6.0.1-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:855fb52b0dc35af121542a76b9a84f8d1cd886ea97c84703eaa6d88e37a2ad28"}, + {file = "PyYAML-6.0.1-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:40df9b996c2b73138957fe23a16a4f0ba614f4c0efce1e9406a184b6d07fa3a9"}, + {file = "PyYAML-6.0.1-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:a08c6f0fe150303c1c6b71ebcd7213c2858041a7e01975da3a99aed1e7a378ef"}, + {file = "PyYAML-6.0.1-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:6c22bec3fbe2524cde73d7ada88f6566758a8f7227bfbf93a408a9d86bcc12a0"}, + {file = "PyYAML-6.0.1-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:8d4e9c88387b0f5c7d5f281e55304de64cf7f9c0021a3525bd3b1c542da3b0e4"}, + {file = "PyYAML-6.0.1-cp312-cp312-win32.whl", hash = "sha256:d483d2cdf104e7c9fa60c544d92981f12ad66a457afae824d146093b8c294c54"}, + {file = "PyYAML-6.0.1-cp312-cp312-win_amd64.whl", hash = "sha256:0d3304d8c0adc42be59c5f8a4d9e3d7379e6955ad754aa9d6ab7a398b59dd1df"}, + {file = "PyYAML-6.0.1-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:9eb6caa9a297fc2c2fb8862bc5370d0303ddba53ba97e71f08023b6cd73d16a8"}, + {file = "PyYAML-6.0.1-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:c8098ddcc2a85b61647b2590f825f3db38891662cfc2fc776415143f599bb859"}, + {file = "PyYAML-6.0.1-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:5773183b6446b2c99bb77e77595dd486303b4faab2b086e7b17bc6bef28865f6"}, + {file = "PyYAML-6.0.1-cp39-cp39-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:b786eecbdf8499b9ca1d697215862083bd6d2a99965554781d0d8d1ad31e13a0"}, + {file = "PyYAML-6.0.1-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:bc1bf2925a1ecd43da378f4db9e4f799775d6367bdb94671027b73b393a7c42c"}, + {file = "PyYAML-6.0.1-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:04ac92ad1925b2cff1db0cfebffb6ffc43457495c9b3c39d3fcae417d7125dc5"}, + {file = "PyYAML-6.0.1-cp39-cp39-win32.whl", hash = "sha256:faca3bdcf85b2fc05d06ff3fbc1f83e1391b3e724afa3feba7d13eeab355484c"}, + {file = "PyYAML-6.0.1-cp39-cp39-win_amd64.whl", hash = "sha256:510c9deebc5c0225e8c96813043e62b680ba2f9c50a08d3724c7f28a747d1486"}, + {file = "PyYAML-6.0.1.tar.gz", hash = "sha256:bfdf460b1736c775f2ba9f6a92bca30bc2095067b8a9d77876d1fad6cc3b4a43"}, +] + +[[package]] +name = "pyzmq" +version = "26.0.2" +requires_python = ">=3.7" +summary = "Python bindings for 0MQ" +dependencies = [ + "cffi; implementation_name == \"pypy\"", +] +files = [ + {file = "pyzmq-26.0.2-cp310-cp310-macosx_10_15_universal2.whl", hash = "sha256:1a60a03b01e8c9c58932ec0cca15b1712d911c2800eb82d4281bc1ae5b6dad50"}, + {file = "pyzmq-26.0.2-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:949067079e14ea1973bd740255e0840118c163d4bce8837f539d749f145cf5c3"}, + {file = "pyzmq-26.0.2-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:37e7edfa6cf96d036a403775c96afa25058d1bb940a79786a9a2fc94a783abe3"}, + {file = "pyzmq-26.0.2-cp310-cp310-manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:903cc7a84a7d4326b43755c368780800e035aa3d711deae84a533fdffa8755b0"}, + {file = "pyzmq-26.0.2-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:6cb2e41af165e5f327d06fbdd79a42a4e930267fade4e9f92d17f3ccce03f3a7"}, + {file = "pyzmq-26.0.2-cp310-cp310-manylinux_2_28_x86_64.whl", hash = "sha256:55353b8189adcfc4c125fc4ce59d477744118e9c0ec379dd0999c5fa120ac4f5"}, + {file = "pyzmq-26.0.2-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:f961423ff6236a752ced80057a20e623044df95924ed1009f844cde8b3a595f9"}, + {file = "pyzmq-26.0.2-cp310-cp310-musllinux_1_1_i686.whl", hash = "sha256:ba77fe84fe4f5f3dc0ef681a6d366685c8ffe1c8439c1d7530997b05ac06a04b"}, + {file = "pyzmq-26.0.2-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:52589f0a745ef61b9c75c872cf91f8c1f7c0668eb3dd99d7abd639d8c0fb9ca7"}, + {file = "pyzmq-26.0.2-cp310-cp310-win32.whl", hash = "sha256:b7b6d2a46c7afe2ad03ec8faf9967090c8ceae85c4d8934d17d7cae6f9062b64"}, + {file = "pyzmq-26.0.2-cp310-cp310-win_amd64.whl", hash = "sha256:86531e20de249d9204cc6d8b13d5a30537748c78820215161d8a3b9ea58ca111"}, + {file = "pyzmq-26.0.2-cp310-cp310-win_arm64.whl", hash = "sha256:f26a05029ecd2bd306b941ff8cb80f7620b7901421052bc429d238305b1cbf2f"}, + {file = "pyzmq-26.0.2-cp311-cp311-macosx_10_15_universal2.whl", hash = "sha256:70770e296a9cb03d955540c99360aab861cbb3cba29516abbd106a15dbd91268"}, + {file = "pyzmq-26.0.2-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:2740fd7161b39e178554ebf21aa5667a1c9ef0cd2cb74298fd4ef017dae7aec4"}, + {file = "pyzmq-26.0.2-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:f5e3706c32dea077faa42b1c92d825b7f86c866f72532d342e0be5e64d14d858"}, + {file = "pyzmq-26.0.2-cp311-cp311-manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:0fa1416876194927f7723d6b7171b95e1115602967fc6bfccbc0d2d51d8ebae1"}, + {file = "pyzmq-26.0.2-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:4ef9a79a48794099c57dc2df00340b5d47c5caa1792f9ddb8c7a26b1280bd575"}, + {file = "pyzmq-26.0.2-cp311-cp311-manylinux_2_28_x86_64.whl", hash = "sha256:1c60fcdfa3229aeee4291c5d60faed3a813b18bdadb86299c4bf49e8e51e8605"}, + {file = "pyzmq-26.0.2-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:e943c39c206b04df2eb5d71305761d7c3ca75fd49452115ea92db1b5b98dbdef"}, + {file = "pyzmq-26.0.2-cp311-cp311-musllinux_1_1_i686.whl", hash = "sha256:8da0ed8a598693731c76659880a668f4748b59158f26ed283a93f7f04d47447e"}, + {file = "pyzmq-26.0.2-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:7bf51970b11d67096bede97cdbad0f4333f7664f4708b9b2acb352bf4faa3140"}, + {file = "pyzmq-26.0.2-cp311-cp311-win32.whl", hash = "sha256:6f8e6bd5d066be605faa9fe5ec10aa1a46ad9f18fc8646f2b9aaefc8fb575742"}, + {file = "pyzmq-26.0.2-cp311-cp311-win_amd64.whl", hash = "sha256:6d03da3a0ae691b361edcb39530075461202f699ce05adbb15055a0e1c9bcaa4"}, + {file = "pyzmq-26.0.2-cp311-cp311-win_arm64.whl", hash = "sha256:f84e33321b68ff00b60e9dbd1a483e31ab6022c577c8de525b8e771bd274ce68"}, + {file = "pyzmq-26.0.2-cp312-cp312-macosx_10_15_universal2.whl", hash = "sha256:44c33ebd1c62a01db7fbc24e18bdda569d6639217d13d5929e986a2b0f69070d"}, + {file = "pyzmq-26.0.2-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:ac04f904b4fce4afea9cdccbb78e24d468cb610a839d5a698853e14e2a3f9ecf"}, + {file = "pyzmq-26.0.2-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:f2133de5ba9adc5f481884ccb699eac9ce789708292945c05746880f95b241c0"}, + {file = "pyzmq-26.0.2-cp312-cp312-manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:7753c67c570d7fc80c2dc59b90ca1196f1224e0e2e29a548980c95fe0fe27fc1"}, + {file = "pyzmq-26.0.2-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:8d4e51632e6b12e65e8d9d7612446ecda2eda637a868afa7bce16270194650dd"}, + {file = "pyzmq-26.0.2-cp312-cp312-manylinux_2_28_x86_64.whl", hash = "sha256:d6c38806f6ecd0acf3104b8d7e76a206bcf56dadd6ce03720d2fa9d9157d5718"}, + {file = "pyzmq-26.0.2-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:48f496bbe14686b51cec15406323ae6942851e14022efd7fc0e2ecd092c5982c"}, + {file = "pyzmq-26.0.2-cp312-cp312-musllinux_1_1_i686.whl", hash = "sha256:e84a3161149c75bb7a7dc8646384186c34033e286a67fec1ad1bdedea165e7f4"}, + {file = "pyzmq-26.0.2-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:dabf796c67aa9f5a4fcc956d47f0d48b5c1ed288d628cf53aa1cf08e88654343"}, + {file = "pyzmq-26.0.2-cp312-cp312-win32.whl", hash = "sha256:3eee4c676af1b109f708d80ef0cf57ecb8aaa5900d1edaf90406aea7e0e20e37"}, + {file = "pyzmq-26.0.2-cp312-cp312-win_amd64.whl", hash = "sha256:26721fec65846b3e4450dad050d67d31b017f97e67f7e0647b5f98aa47f828cf"}, + {file = "pyzmq-26.0.2-cp312-cp312-win_arm64.whl", hash = "sha256:653955c6c233e90de128a1b8e882abc7216f41f44218056bd519969c8c413a15"}, + {file = "pyzmq-26.0.2-cp39-cp39-macosx_10_15_universal2.whl", hash = "sha256:c770a7545b3deca2db185b59175e710a820dd4ed43619f4c02e90b0e227c6252"}, + {file = "pyzmq-26.0.2-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:d47175f0a380bfd051726bc5c0054036ae4a5d8caf922c62c8a172ccd95c1a2a"}, + {file = "pyzmq-26.0.2-cp39-cp39-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:9bce298c1ce077837e110367c321285dc4246b531cde1abfc27e4a5bbe2bed4d"}, + {file = "pyzmq-26.0.2-cp39-cp39-manylinux_2_12_x86_64.manylinux2010_x86_64.whl", hash = "sha256:c40b09b7e184d6e3e1be1c8af2cc320c0f9f610d8a5df3dd866e6e6e4e32b235"}, + {file = "pyzmq-26.0.2-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:d420d856bf728713874cefb911398efe69e1577835851dd297a308a78c14c249"}, + {file = "pyzmq-26.0.2-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:d792d3cab987058451e55c70c5926e93e2ceb68ca5a2334863bb903eb860c9cb"}, + {file = "pyzmq-26.0.2-cp39-cp39-musllinux_1_1_i686.whl", hash = "sha256:83ec17729cf6d3464dab98a11e98294fcd50e6b17eaabd3d841515c23f6dbd3a"}, + {file = "pyzmq-26.0.2-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:47c17d5ebfa88ae90f08960c97b49917098665b8cd8be31f2c24e177bcf37a0f"}, + {file = "pyzmq-26.0.2-cp39-cp39-win32.whl", hash = "sha256:d509685d1cd1d018705a811c5f9d5bc237790936ead6d06f6558b77e16cc7235"}, + {file = "pyzmq-26.0.2-cp39-cp39-win_amd64.whl", hash = "sha256:c7cc8cc009e8f6989a6d86c96f87dae5f5fb07d6c96916cdc7719d546152c7db"}, + {file = "pyzmq-26.0.2-cp39-cp39-win_arm64.whl", hash = "sha256:3ada31cb879cd7532f4a85b501f4255c747d4813ab76b35c49ed510ce4865b45"}, + {file = "pyzmq-26.0.2-pp310-pypy310_pp73-macosx_10_9_x86_64.whl", hash = "sha256:0a6ceaddc830dd3ca86cb8451cf373d1f05215368e11834538c2902ed5205139"}, + {file = "pyzmq-26.0.2-pp310-pypy310_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:6a967681463aa7a99eb9a62bb18229b653b45c10ff0947b31cc0837a83dfb86f"}, + {file = "pyzmq-26.0.2-pp310-pypy310_pp73-manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:6472a73bc115bc40a2076609a90894775abe6faf19a78375675a2f889a613071"}, + {file = "pyzmq-26.0.2-pp310-pypy310_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:5d6aea92bcccfe5e5524d3c70a6f16ffdae548390ddad26f4207d55c55a40593"}, + {file = "pyzmq-26.0.2-pp310-pypy310_pp73-win_amd64.whl", hash = "sha256:e025f6351e49d48a5aa2f5a09293aa769b0ee7369c25bed551647234b7fa0c75"}, + {file = "pyzmq-26.0.2-pp37-pypy37_pp73-macosx_10_9_x86_64.whl", hash = "sha256:40bd7ebe4dbb37d27f0c56e2a844f360239343a99be422085e13e97da13f73f9"}, + {file = "pyzmq-26.0.2-pp37-pypy37_pp73-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:1dd40d586ad6f53764104df6e01810fe1b4e88fd353774629a5e6fe253813f79"}, + {file = "pyzmq-26.0.2-pp37-pypy37_pp73-manylinux_2_12_x86_64.manylinux2010_x86_64.whl", hash = "sha256:f2aca15e9ad8c8657b5b3d7ae3d1724dc8c1c1059c06b4b674c3aa36305f4930"}, + {file = "pyzmq-26.0.2-pp37-pypy37_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:450ec234736732eb0ebeffdb95a352450d4592f12c3e087e2a9183386d22c8bf"}, + {file = "pyzmq-26.0.2-pp37-pypy37_pp73-win_amd64.whl", hash = "sha256:f43be2bebbd09360a2f23af83b243dc25ffe7b583ea8c722e6df03e03a55f02f"}, + {file = "pyzmq-26.0.2-pp38-pypy38_pp73-macosx_10_9_x86_64.whl", hash = "sha256:867f55e54aff254940bcec5eec068e7c0ac1e6bf360ab91479394a8bf356b0e6"}, + {file = "pyzmq-26.0.2-pp38-pypy38_pp73-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:b4dbc033c5ad46f8c429bf238c25a889b8c1d86bfe23a74e1031a991cb3f0000"}, + {file = "pyzmq-26.0.2-pp38-pypy38_pp73-manylinux_2_12_x86_64.manylinux2010_x86_64.whl", hash = "sha256:6e8dd2961462e337e21092ec2da0c69d814dcb1b6e892955a37444a425e9cfb8"}, + {file = "pyzmq-26.0.2-pp38-pypy38_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:35391e72df6c14a09b697c7b94384947c1dd326aca883ff98ff137acdf586c33"}, + {file = "pyzmq-26.0.2-pp38-pypy38_pp73-win_amd64.whl", hash = "sha256:1c3d3c92fa54eda94ab369ca5b8d35059987c326ba5e55326eb068862f64b1fc"}, + {file = "pyzmq-26.0.2-pp39-pypy39_pp73-macosx_10_9_x86_64.whl", hash = "sha256:e7aa61a9cc4f0523373e31fc9255bf4567185a099f85ca3598e64de484da3ab2"}, + {file = "pyzmq-26.0.2-pp39-pypy39_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:ee53a8191271f144cc20b12c19daa9f1546adc84a2f33839e3338039b55c373c"}, + {file = "pyzmq-26.0.2-pp39-pypy39_pp73-manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:ac60a980f07fa988983f7bfe6404ef3f1e4303f5288a01713bc1266df6d18783"}, + {file = "pyzmq-26.0.2-pp39-pypy39_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:88896b1b4817d7b2fe1ec7205c4bbe07bf5d92fb249bf2d226ddea8761996068"}, + {file = "pyzmq-26.0.2-pp39-pypy39_pp73-manylinux_2_28_x86_64.whl", hash = "sha256:18dfffe23751edee917764ffa133d5d3fef28dfd1cf3adebef8c90bc854c74c4"}, + {file = "pyzmq-26.0.2-pp39-pypy39_pp73-win_amd64.whl", hash = "sha256:6926dd14cfe6967d3322640b6d5c3c3039db71716a5e43cca6e3b474e73e0b36"}, + {file = "pyzmq-26.0.2.tar.gz", hash = "sha256:f0f9bb370449158359bb72a3e12c658327670c0ffe6fbcd1af083152b64f9df0"}, +] + +[[package]] +name = "regex" +version = "2024.4.16" +requires_python = ">=3.7" +summary = "Alternative regular expression module, to replace re." +files = [ + {file = "regex-2024.4.16-cp310-cp310-macosx_10_9_universal2.whl", hash = "sha256:fb83cc090eac63c006871fd24db5e30a1f282faa46328572661c0a24a2323a08"}, + {file = "regex-2024.4.16-cp310-cp310-macosx_10_9_x86_64.whl", hash = "sha256:8c91e1763696c0eb66340c4df98623c2d4e77d0746b8f8f2bee2c6883fd1fe18"}, + {file = "regex-2024.4.16-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:10188fe732dec829c7acca7422cdd1bf57d853c7199d5a9e96bb4d40db239c73"}, + {file = "regex-2024.4.16-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:956b58d692f235cfbf5b4f3abd6d99bf102f161ccfe20d2fd0904f51c72c4c66"}, + {file = "regex-2024.4.16-cp310-cp310-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:a70b51f55fd954d1f194271695821dd62054d949efd6368d8be64edd37f55c86"}, + {file = "regex-2024.4.16-cp310-cp310-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:5c02fcd2bf45162280613d2e4a1ca3ac558ff921ae4e308ecb307650d3a6ee51"}, + {file = "regex-2024.4.16-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:c4ed75ea6892a56896d78f11006161eea52c45a14994794bcfa1654430984b22"}, + {file = "regex-2024.4.16-cp310-cp310-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:bd727ad276bb91928879f3aa6396c9a1d34e5e180dce40578421a691eeb77f47"}, + {file = "regex-2024.4.16-cp310-cp310-manylinux_2_5_x86_64.manylinux1_x86_64.manylinux_2_12_x86_64.manylinux2010_x86_64.whl", hash = "sha256:7cbc5d9e8a1781e7be17da67b92580d6ce4dcef5819c1b1b89f49d9678cc278c"}, + {file = "regex-2024.4.16-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:78fddb22b9ef810b63ef341c9fcf6455232d97cfe03938cbc29e2672c436670e"}, + {file = "regex-2024.4.16-cp310-cp310-musllinux_1_1_i686.whl", hash = "sha256:445ca8d3c5a01309633a0c9db57150312a181146315693273e35d936472df912"}, + {file = "regex-2024.4.16-cp310-cp310-musllinux_1_1_ppc64le.whl", hash = "sha256:95399831a206211d6bc40224af1c635cb8790ddd5c7493e0bd03b85711076a53"}, + {file = "regex-2024.4.16-cp310-cp310-musllinux_1_1_s390x.whl", hash = "sha256:7731728b6568fc286d86745f27f07266de49603a6fdc4d19c87e8c247be452af"}, + {file = "regex-2024.4.16-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:4facc913e10bdba42ec0aee76d029aedda628161a7ce4116b16680a0413f658a"}, + {file = "regex-2024.4.16-cp310-cp310-win32.whl", hash = "sha256:911742856ce98d879acbea33fcc03c1d8dc1106234c5e7d068932c945db209c0"}, + {file = "regex-2024.4.16-cp310-cp310-win_amd64.whl", hash = "sha256:e0a2df336d1135a0b3a67f3bbf78a75f69562c1199ed9935372b82215cddd6e2"}, + {file = "regex-2024.4.16-cp311-cp311-macosx_10_9_universal2.whl", hash = "sha256:1210365faba7c2150451eb78ec5687871c796b0f1fa701bfd2a4a25420482d26"}, + {file = "regex-2024.4.16-cp311-cp311-macosx_10_9_x86_64.whl", hash = "sha256:9ab40412f8cd6f615bfedea40c8bf0407d41bf83b96f6fc9ff34976d6b7037fd"}, + {file = "regex-2024.4.16-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:fd80d1280d473500d8086d104962a82d77bfbf2b118053824b7be28cd5a79ea5"}, + {file = "regex-2024.4.16-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:7bb966fdd9217e53abf824f437a5a2d643a38d4fd5fd0ca711b9da683d452969"}, + {file = "regex-2024.4.16-cp311-cp311-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:20b7a68444f536365af42a75ccecb7ab41a896a04acf58432db9e206f4e525d6"}, + {file = "regex-2024.4.16-cp311-cp311-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:b74586dd0b039c62416034f811d7ee62810174bb70dffcca6439f5236249eb09"}, + {file = "regex-2024.4.16-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:0c8290b44d8b0af4e77048646c10c6e3aa583c1ca67f3b5ffb6e06cf0c6f0f89"}, + {file = "regex-2024.4.16-cp311-cp311-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:f2d80a6749724b37853ece57988b39c4e79d2b5fe2869a86e8aeae3bbeef9eb0"}, + {file = "regex-2024.4.16-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:3a1018e97aeb24e4f939afcd88211ace472ba566efc5bdf53fd8fd7f41fa7170"}, + {file = "regex-2024.4.16-cp311-cp311-musllinux_1_1_i686.whl", hash = "sha256:8d015604ee6204e76569d2f44e5a210728fa917115bef0d102f4107e622b08d5"}, + {file = "regex-2024.4.16-cp311-cp311-musllinux_1_1_ppc64le.whl", hash = "sha256:3d5ac5234fb5053850d79dd8eb1015cb0d7d9ed951fa37aa9e6249a19aa4f336"}, + {file = "regex-2024.4.16-cp311-cp311-musllinux_1_1_s390x.whl", hash = "sha256:0a38d151e2cdd66d16dab550c22f9521ba79761423b87c01dae0a6e9add79c0d"}, + {file = "regex-2024.4.16-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:159dc4e59a159cb8e4e8f8961eb1fa5d58f93cb1acd1701d8aff38d45e1a84a6"}, + {file = "regex-2024.4.16-cp311-cp311-win32.whl", hash = "sha256:ba2336d6548dee3117520545cfe44dc28a250aa091f8281d28804aa8d707d93d"}, + {file = "regex-2024.4.16-cp311-cp311-win_amd64.whl", hash = "sha256:8f83b6fd3dc3ba94d2b22717f9c8b8512354fd95221ac661784df2769ea9bba9"}, + {file = "regex-2024.4.16-cp312-cp312-macosx_10_9_universal2.whl", hash = "sha256:80b696e8972b81edf0af2a259e1b2a4a661f818fae22e5fa4fa1a995fb4a40fd"}, + {file = "regex-2024.4.16-cp312-cp312-macosx_10_9_x86_64.whl", hash = "sha256:d61ae114d2a2311f61d90c2ef1358518e8f05eafda76eaf9c772a077e0b465ec"}, + {file = "regex-2024.4.16-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:8ba6745440b9a27336443b0c285d705ce73adb9ec90e2f2004c64d95ab5a7598"}, + {file = "regex-2024.4.16-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:6295004b2dd37b0835ea5c14a33e00e8cfa3c4add4d587b77287825f3418d310"}, + {file = "regex-2024.4.16-cp312-cp312-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:4aba818dcc7263852aabb172ec27b71d2abca02a593b95fa79351b2774eb1d2b"}, + {file = "regex-2024.4.16-cp312-cp312-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:d0800631e565c47520aaa04ae38b96abc5196fe8b4aa9bd864445bd2b5848a7a"}, + {file = "regex-2024.4.16-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:08dea89f859c3df48a440dbdcd7b7155bc675f2fa2ec8c521d02dc69e877db70"}, + {file = "regex-2024.4.16-cp312-cp312-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:eeaa0b5328b785abc344acc6241cffde50dc394a0644a968add75fcefe15b9d4"}, + {file = "regex-2024.4.16-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:4e819a806420bc010489f4e741b3036071aba209f2e0989d4750b08b12a9343f"}, + {file = "regex-2024.4.16-cp312-cp312-musllinux_1_1_i686.whl", hash = "sha256:c2d0e7cbb6341e830adcbfa2479fdeebbfbb328f11edd6b5675674e7a1e37730"}, + {file = "regex-2024.4.16-cp312-cp312-musllinux_1_1_ppc64le.whl", hash = "sha256:91797b98f5e34b6a49f54be33f72e2fb658018ae532be2f79f7c63b4ae225145"}, + {file = "regex-2024.4.16-cp312-cp312-musllinux_1_1_s390x.whl", hash = "sha256:d2da13568eff02b30fd54fccd1e042a70fe920d816616fda4bf54ec705668d81"}, + {file = "regex-2024.4.16-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:370c68dc5570b394cbaadff50e64d705f64debed30573e5c313c360689b6aadc"}, + {file = "regex-2024.4.16-cp312-cp312-win32.whl", hash = "sha256:904c883cf10a975b02ab3478bce652f0f5346a2c28d0a8521d97bb23c323cc8b"}, + {file = "regex-2024.4.16-cp312-cp312-win_amd64.whl", hash = "sha256:785c071c982dce54d44ea0b79cd6dfafddeccdd98cfa5f7b86ef69b381b457d9"}, + {file = "regex-2024.4.16-cp39-cp39-macosx_10_9_universal2.whl", hash = "sha256:a7ccdd1c4a3472a7533b0a7aa9ee34c9a2bef859ba86deec07aff2ad7e0c3b94"}, + {file = "regex-2024.4.16-cp39-cp39-macosx_10_9_x86_64.whl", hash = "sha256:6f2f017c5be19984fbbf55f8af6caba25e62c71293213f044da3ada7091a4455"}, + {file = "regex-2024.4.16-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:803b8905b52de78b173d3c1e83df0efb929621e7b7c5766c0843704d5332682f"}, + {file = "regex-2024.4.16-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:684008ec44ad275832a5a152f6e764bbe1914bea10968017b6feaecdad5736e0"}, + {file = "regex-2024.4.16-cp39-cp39-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:65436dce9fdc0aeeb0a0effe0839cb3d6a05f45aa45a4d9f9c60989beca78b9c"}, + {file = "regex-2024.4.16-cp39-cp39-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:ea355eb43b11764cf799dda62c658c4d2fdb16af41f59bb1ccfec517b60bcb07"}, + {file = "regex-2024.4.16-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:98c1165f3809ce7774f05cb74e5408cd3aa93ee8573ae959a97a53db3ca3180d"}, + {file = "regex-2024.4.16-cp39-cp39-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:cccc79a9be9b64c881f18305a7c715ba199e471a3973faeb7ba84172abb3f317"}, + {file = "regex-2024.4.16-cp39-cp39-manylinux_2_5_x86_64.manylinux1_x86_64.manylinux_2_12_x86_64.manylinux2010_x86_64.whl", hash = "sha256:00169caa125f35d1bca6045d65a662af0202704489fada95346cfa092ec23f39"}, + {file = "regex-2024.4.16-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:6cc38067209354e16c5609b66285af17a2863a47585bcf75285cab33d4c3b8df"}, + {file = "regex-2024.4.16-cp39-cp39-musllinux_1_1_i686.whl", hash = "sha256:23cff1b267038501b179ccbbd74a821ac4a7192a1852d1d558e562b507d46013"}, + {file = "regex-2024.4.16-cp39-cp39-musllinux_1_1_ppc64le.whl", hash = "sha256:b9d320b3bf82a39f248769fc7f188e00f93526cc0fe739cfa197868633d44701"}, + {file = "regex-2024.4.16-cp39-cp39-musllinux_1_1_s390x.whl", hash = "sha256:89ec7f2c08937421bbbb8b48c54096fa4f88347946d4747021ad85f1b3021b3c"}, + {file = "regex-2024.4.16-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:4918fd5f8b43aa7ec031e0fef1ee02deb80b6afd49c85f0790be1dc4ce34cb50"}, + {file = "regex-2024.4.16-cp39-cp39-win32.whl", hash = "sha256:684e52023aec43bdf0250e843e1fdd6febbe831bd9d52da72333fa201aaa2335"}, + {file = "regex-2024.4.16-cp39-cp39-win_amd64.whl", hash = "sha256:e697e1c0238133589e00c244a8b676bc2cfc3ab4961318d902040d099fec7483"}, + {file = "regex-2024.4.16.tar.gz", hash = "sha256:fa454d26f2e87ad661c4f0c5a5fe4cf6aab1e307d1b94f16ffdfcb089ba685c0"}, +] + +[[package]] +name = "requests" +version = "2.31.0" +requires_python = ">=3.7" +summary = "Python HTTP for Humans." +dependencies = [ + "certifi>=2017.4.17", + "charset-normalizer<4,>=2", + "idna<4,>=2.5", + "urllib3<3,>=1.21.1", +] +files = [ + {file = "requests-2.31.0-py3-none-any.whl", hash = "sha256:58cd2187c01e70e6e26505bca751777aa9f2ee0b7f4300988b709f44e013003f"}, + {file = "requests-2.31.0.tar.gz", hash = "sha256:942c5a758f98d790eaed1a29cb6eefc7ffb0d1cf7af05c3d2791656dbd6ad1e1"}, +] + +[[package]] +name = "safetensors" +version = "0.4.3" +requires_python = ">=3.7" +summary = "" +files = [ + {file = "safetensors-0.4.3-cp310-cp310-macosx_10_12_x86_64.whl", hash = "sha256:dcf5705cab159ce0130cd56057f5f3425023c407e170bca60b4868048bae64fd"}, + {file = "safetensors-0.4.3-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:bb4f8c5d0358a31e9a08daeebb68f5e161cdd4018855426d3f0c23bb51087055"}, + {file = "safetensors-0.4.3-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:70a5319ef409e7f88686a46607cbc3c428271069d8b770076feaf913664a07ac"}, + {file = "safetensors-0.4.3-cp310-cp310-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:fb9c65bd82f9ef3ce4970dc19ee86be5f6f93d032159acf35e663c6bea02b237"}, + {file = "safetensors-0.4.3-cp310-cp310-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:edb5698a7bc282089f64c96c477846950358a46ede85a1c040e0230344fdde10"}, + {file = "safetensors-0.4.3-cp310-cp310-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:efcc860be094b8d19ac61b452ec635c7acb9afa77beb218b1d7784c6d41fe8ad"}, + {file = "safetensors-0.4.3-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:d88b33980222085dd6001ae2cad87c6068e0991d4f5ccf44975d216db3b57376"}, + {file = "safetensors-0.4.3-cp310-cp310-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:5fc6775529fb9f0ce2266edd3e5d3f10aab068e49f765e11f6f2a63b5367021d"}, + {file = "safetensors-0.4.3-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:9c6ad011c1b4e3acff058d6b090f1da8e55a332fbf84695cf3100c649cc452d1"}, + {file = "safetensors-0.4.3-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:8c496c5401c1b9c46d41a7688e8ff5b0310a3b9bae31ce0f0ae870e1ea2b8caf"}, + {file = "safetensors-0.4.3-cp310-none-win32.whl", hash = "sha256:38e2a8666178224a51cca61d3cb4c88704f696eac8f72a49a598a93bbd8a4af9"}, + {file = "safetensors-0.4.3-cp310-none-win_amd64.whl", hash = "sha256:393e6e391467d1b2b829c77e47d726f3b9b93630e6a045b1d1fca67dc78bf632"}, + {file = "safetensors-0.4.3-cp311-cp311-macosx_10_12_x86_64.whl", hash = "sha256:22f3b5d65e440cec0de8edaa672efa888030802e11c09b3d6203bff60ebff05a"}, + {file = "safetensors-0.4.3-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:7c4fa560ebd4522adddb71dcd25d09bf211b5634003f015a4b815b7647d62ebe"}, + {file = "safetensors-0.4.3-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:e9afd5358719f1b2cf425fad638fc3c887997d6782da317096877e5b15b2ce93"}, + {file = "safetensors-0.4.3-cp311-cp311-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:d8c5093206ef4b198600ae484230402af6713dab1bd5b8e231905d754022bec7"}, + {file = "safetensors-0.4.3-cp311-cp311-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:e0b2104df1579d6ba9052c0ae0e3137c9698b2d85b0645507e6fd1813b70931a"}, + {file = "safetensors-0.4.3-cp311-cp311-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:8cf18888606dad030455d18f6c381720e57fc6a4170ee1966adb7ebc98d4d6a3"}, + {file = "safetensors-0.4.3-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:0bf4f9d6323d9f86eef5567eabd88f070691cf031d4c0df27a40d3b4aaee755b"}, + {file = "safetensors-0.4.3-cp311-cp311-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:585c9ae13a205807b63bef8a37994f30c917ff800ab8a1ca9c9b5d73024f97ee"}, + {file = "safetensors-0.4.3-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:faefeb3b81bdfb4e5a55b9bbdf3d8d8753f65506e1d67d03f5c851a6c87150e9"}, + {file = "safetensors-0.4.3-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:befdf0167ad626f22f6aac6163477fcefa342224a22f11fdd05abb3995c1783c"}, + {file = "safetensors-0.4.3-cp311-none-win32.whl", hash = "sha256:a7cef55929dcbef24af3eb40bedec35d82c3c2fa46338bb13ecf3c5720af8a61"}, + {file = "safetensors-0.4.3-cp311-none-win_amd64.whl", hash = "sha256:840b7ac0eff5633e1d053cc9db12fdf56b566e9403b4950b2dc85393d9b88d67"}, + {file = "safetensors-0.4.3-cp312-cp312-macosx_10_12_x86_64.whl", hash = "sha256:22d21760dc6ebae42e9c058d75aa9907d9f35e38f896e3c69ba0e7b213033856"}, + {file = "safetensors-0.4.3-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:8d22c1a10dff3f64d0d68abb8298a3fd88ccff79f408a3e15b3e7f637ef5c980"}, + {file = "safetensors-0.4.3-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:b1648568667f820b8c48317c7006221dc40aced1869908c187f493838a1362bc"}, + {file = "safetensors-0.4.3-cp312-cp312-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:446e9fe52c051aeab12aac63d1017e0f68a02a92a027b901c4f8e931b24e5397"}, + {file = "safetensors-0.4.3-cp312-cp312-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:fef5d70683643618244a4f5221053567ca3e77c2531e42ad48ae05fae909f542"}, + {file = "safetensors-0.4.3-cp312-cp312-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:2a1f4430cc0c9d6afa01214a4b3919d0a029637df8e09675ceef1ca3f0dfa0df"}, + {file = "safetensors-0.4.3-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:2d603846a8585b9432a0fd415db1d4c57c0f860eb4aea21f92559ff9902bae4d"}, + {file = "safetensors-0.4.3-cp312-cp312-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:a844cdb5d7cbc22f5f16c7e2a0271170750763c4db08381b7f696dbd2c78a361"}, + {file = "safetensors-0.4.3-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:88887f69f7a00cf02b954cdc3034ffb383b2303bc0ab481d4716e2da51ddc10e"}, + {file = "safetensors-0.4.3-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:ee463219d9ec6c2be1d331ab13a8e0cd50d2f32240a81d498266d77d07b7e71e"}, + {file = "safetensors-0.4.3-cp312-none-win32.whl", hash = "sha256:d0dd4a1db09db2dba0f94d15addc7e7cd3a7b0d393aa4c7518c39ae7374623c3"}, + {file = "safetensors-0.4.3-cp312-none-win_amd64.whl", hash = "sha256:d14d30c25897b2bf19b6fb5ff7e26cc40006ad53fd4a88244fdf26517d852dd7"}, + {file = "safetensors-0.4.3-cp39-cp39-macosx_10_12_x86_64.whl", hash = "sha256:8651c7299cbd8b4161a36cd6a322fa07d39cd23535b144d02f1c1972d0c62f3c"}, + {file = "safetensors-0.4.3-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:e375d975159ac534c7161269de24ddcd490df2157b55c1a6eeace6cbb56903f0"}, + {file = "safetensors-0.4.3-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:084fc436e317f83f7071fc6a62ca1c513b2103db325cd09952914b50f51cf78f"}, + {file = "safetensors-0.4.3-cp39-cp39-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:41a727a7f5e6ad9f1db6951adee21bbdadc632363d79dc434876369a17de6ad6"}, + {file = "safetensors-0.4.3-cp39-cp39-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:e7dbbde64b6c534548696808a0e01276d28ea5773bc9a2dfb97a88cd3dffe3df"}, + {file = "safetensors-0.4.3-cp39-cp39-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:bbae3b4b9d997971431c346edbfe6e41e98424a097860ee872721e176040a893"}, + {file = "safetensors-0.4.3-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:01e4b22e3284cd866edeabe4f4d896229495da457229408d2e1e4810c5187121"}, + {file = "safetensors-0.4.3-cp39-cp39-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:0dd37306546b58d3043eb044c8103a02792cc024b51d1dd16bd3dd1f334cb3ed"}, + {file = "safetensors-0.4.3-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:d8815b5e1dac85fc534a97fd339e12404db557878c090f90442247e87c8aeaea"}, + {file = "safetensors-0.4.3-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:e011cc162503c19f4b1fd63dfcddf73739c7a243a17dac09b78e57a00983ab35"}, + {file = "safetensors-0.4.3-cp39-none-win32.whl", hash = "sha256:01feb3089e5932d7e662eda77c3ecc389f97c0883c4a12b5cfdc32b589a811c3"}, + {file = "safetensors-0.4.3-cp39-none-win_amd64.whl", hash = "sha256:3f9cdca09052f585e62328c1c2923c70f46814715c795be65f0b93f57ec98a02"}, + {file = "safetensors-0.4.3-pp310-pypy310_pp73-macosx_10_12_x86_64.whl", hash = "sha256:1b89381517891a7bb7d1405d828b2bf5d75528299f8231e9346b8eba092227f9"}, + {file = "safetensors-0.4.3-pp310-pypy310_pp73-macosx_11_0_arm64.whl", hash = "sha256:cd6fff9e56df398abc5866b19a32124815b656613c1c5ec0f9350906fd798aac"}, + {file = "safetensors-0.4.3-pp310-pypy310_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:840caf38d86aa7014fe37ade5d0d84e23dcfbc798b8078015831996ecbc206a3"}, + {file = "safetensors-0.4.3-pp310-pypy310_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:f9650713b2cfa9537a2baf7dd9fee458b24a0aaaa6cafcea8bdd5fb2b8efdc34"}, + {file = "safetensors-0.4.3-pp310-pypy310_pp73-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:e4119532cd10dba04b423e0f86aecb96cfa5a602238c0aa012f70c3a40c44b50"}, + {file = "safetensors-0.4.3-pp310-pypy310_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:e066e8861eef6387b7c772344d1fe1f9a72800e04ee9a54239d460c400c72aab"}, + {file = "safetensors-0.4.3-pp310-pypy310_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:90964917f5b0fa0fa07e9a051fbef100250c04d150b7026ccbf87a34a54012e0"}, + {file = "safetensors-0.4.3-pp37-pypy37_pp73-macosx_10_12_x86_64.whl", hash = "sha256:c41e1893d1206aa7054029681778d9a58b3529d4c807002c156d58426c225173"}, + {file = "safetensors-0.4.3-pp37-pypy37_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:ae7613a119a71a497d012ccc83775c308b9c1dab454806291427f84397d852fd"}, + {file = "safetensors-0.4.3-pp37-pypy37_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:4f9bac020faba7f5dc481e881b14b6425265feabb5bfc552551d21189c0eddc3"}, + {file = "safetensors-0.4.3-pp37-pypy37_pp73-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:420a98f593ff9930f5822560d14c395ccbc57342ddff3b463bc0b3d6b1951550"}, + {file = "safetensors-0.4.3-pp37-pypy37_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:f5e6883af9a68c0028f70a4c19d5a6ab6238a379be36ad300a22318316c00cb0"}, + {file = "safetensors-0.4.3-pp37-pypy37_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:cdd0a3b5da66e7f377474599814dbf5cbf135ff059cc73694de129b58a5e8a2c"}, + {file = "safetensors-0.4.3-pp38-pypy38_pp73-macosx_10_12_x86_64.whl", hash = "sha256:9bfb92f82574d9e58401d79c70c716985dc049b635fef6eecbb024c79b2c46ad"}, + {file = "safetensors-0.4.3-pp38-pypy38_pp73-macosx_11_0_arm64.whl", hash = "sha256:3615a96dd2dcc30eb66d82bc76cda2565f4f7bfa89fcb0e31ba3cea8a1a9ecbb"}, + {file = "safetensors-0.4.3-pp38-pypy38_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:868ad1b6fc41209ab6bd12f63923e8baeb1a086814cb2e81a65ed3d497e0cf8f"}, + {file = "safetensors-0.4.3-pp38-pypy38_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:b7ffba80aa49bd09195145a7fd233a7781173b422eeb995096f2b30591639517"}, + {file = "safetensors-0.4.3-pp38-pypy38_pp73-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:c0acbe31340ab150423347e5b9cc595867d814244ac14218932a5cf1dd38eb39"}, + {file = "safetensors-0.4.3-pp38-pypy38_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:19bbdf95de2cf64f25cd614c5236c8b06eb2cfa47cbf64311f4b5d80224623a3"}, + {file = "safetensors-0.4.3-pp38-pypy38_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:b852e47eb08475c2c1bd8131207b405793bfc20d6f45aff893d3baaad449ed14"}, + {file = "safetensors-0.4.3-pp39-pypy39_pp73-macosx_10_12_x86_64.whl", hash = "sha256:5d07cbca5b99babb692d76d8151bec46f461f8ad8daafbfd96b2fca40cadae65"}, + {file = "safetensors-0.4.3-pp39-pypy39_pp73-macosx_11_0_arm64.whl", hash = "sha256:1ab6527a20586d94291c96e00a668fa03f86189b8a9defa2cdd34a1a01acc7d5"}, + {file = "safetensors-0.4.3-pp39-pypy39_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:02318f01e332cc23ffb4f6716e05a492c5f18b1d13e343c49265149396284a44"}, + {file = "safetensors-0.4.3-pp39-pypy39_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:ec4b52ce9a396260eb9731eb6aea41a7320de22ed73a1042c2230af0212758ce"}, + {file = "safetensors-0.4.3-pp39-pypy39_pp73-manylinux_2_5_i686.manylinux1_i686.whl", hash = "sha256:018b691383026a2436a22b648873ed11444a364324e7088b99cd2503dd828400"}, + {file = "safetensors-0.4.3-pp39-pypy39_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:309b10dbcab63269ecbf0e2ca10ce59223bb756ca5d431ce9c9eeabd446569da"}, + {file = "safetensors-0.4.3-pp39-pypy39_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:b277482120df46e27a58082df06a15aebda4481e30a1c21eefd0921ae7e03f65"}, + {file = "safetensors-0.4.3.tar.gz", hash = "sha256:2f85fc50c4e07a21e95c24e07460fe6f7e2859d0ce88092838352b798ce711c2"}, +] + +[[package]] +name = "setuptools" +version = "69.5.1" +requires_python = ">=3.8" +summary = "Easily download, build, install, upgrade, and uninstall Python packages" +files = [ + {file = "setuptools-69.5.1-py3-none-any.whl", hash = "sha256:c636ac361bc47580504644275c9ad802c50415c7522212252c033bd15f301f32"}, + {file = "setuptools-69.5.1.tar.gz", hash = "sha256:6c1fccdac05a97e598fb0ae3bbed5904ccb317337a51139dcd51453611bbb987"}, +] + +[[package]] +name = "six" +version = "1.16.0" +requires_python = ">=2.7, !=3.0.*, !=3.1.*, !=3.2.*" +summary = "Python 2 and 3 compatibility utilities" +files = [ + {file = "six-1.16.0-py2.py3-none-any.whl", hash = "sha256:8abb2f1d86890a2dfb989f9a77cfcfd3e47c2a354b01111771326f8aa26e0254"}, + {file = "six-1.16.0.tar.gz", hash = "sha256:1e61c37477a1626458e36f7b1d82aa5c9b094fa4802892072e49de9c60c4c926"}, +] + +[[package]] +name = "stack-data" +version = "0.6.3" +summary = "Extract data from python stack frames and tracebacks for informative displays" +dependencies = [ + "asttokens>=2.1.0", + "executing>=1.2.0", + "pure-eval", +] +files = [ + {file = "stack_data-0.6.3-py3-none-any.whl", hash = "sha256:d5558e0c25a4cb0853cddad3d77da9891a08cb85dd9f9f91b9f8cd66e511e695"}, + {file = "stack_data-0.6.3.tar.gz", hash = "sha256:836a778de4fec4dcd1dcd89ed8abff8a221f58308462e1c4aa2a3cf30148f0b9"}, +] + +[[package]] +name = "sympy" +version = "1.12" +requires_python = ">=3.8" +summary = "Computer algebra system (CAS) in Python" +dependencies = [ + "mpmath>=0.19", +] +files = [ + {file = "sympy-1.12-py3-none-any.whl", hash = "sha256:c3588cd4295d0c0f603d0f2ae780587e64e2efeedb3521e46b9bb1d08d184fa5"}, + {file = "sympy-1.12.tar.gz", hash = "sha256:ebf595c8dac3e0fdc4152c51878b498396ec7f30e7a914d6071e674d49420fb8"}, +] + +[[package]] +name = "tokenizers" +version = "0.19.1" +requires_python = ">=3.7" +summary = "" +dependencies = [ + "huggingface-hub<1.0,>=0.16.4", +] +files = [ + {file = "tokenizers-0.19.1-cp310-cp310-macosx_10_12_x86_64.whl", hash = "sha256:952078130b3d101e05ecfc7fc3640282d74ed26bcf691400f872563fca15ac97"}, + {file = "tokenizers-0.19.1-cp310-cp310-macosx_11_0_arm64.whl", hash = "sha256:82c8b8063de6c0468f08e82c4e198763e7b97aabfe573fd4cf7b33930ca4df77"}, + {file = "tokenizers-0.19.1-cp310-cp310-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:f03727225feaf340ceeb7e00604825addef622d551cbd46b7b775ac834c1e1c4"}, + {file = "tokenizers-0.19.1-cp310-cp310-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:453e4422efdfc9c6b6bf2eae00d5e323f263fff62b29a8c9cd526c5003f3f642"}, + {file = "tokenizers-0.19.1-cp310-cp310-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:02e81bf089ebf0e7f4df34fa0207519f07e66d8491d963618252f2e0729e0b46"}, + {file = "tokenizers-0.19.1-cp310-cp310-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:b07c538ba956843833fee1190cf769c60dc62e1cf934ed50d77d5502194d63b1"}, + {file = "tokenizers-0.19.1-cp310-cp310-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:e28cab1582e0eec38b1f38c1c1fb2e56bce5dc180acb1724574fc5f47da2a4fe"}, + {file = "tokenizers-0.19.1-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:8b01afb7193d47439f091cd8f070a1ced347ad0f9144952a30a41836902fe09e"}, + {file = "tokenizers-0.19.1-cp310-cp310-musllinux_1_1_aarch64.whl", hash = "sha256:7fb297edec6c6841ab2e4e8f357209519188e4a59b557ea4fafcf4691d1b4c98"}, + {file = "tokenizers-0.19.1-cp310-cp310-musllinux_1_1_x86_64.whl", hash = "sha256:2e8a3dd055e515df7054378dc9d6fa8c8c34e1f32777fb9a01fea81496b3f9d3"}, + {file = "tokenizers-0.19.1-cp310-none-win32.whl", hash = "sha256:7ff898780a155ea053f5d934925f3902be2ed1f4d916461e1a93019cc7250837"}, + {file = "tokenizers-0.19.1-cp310-none-win_amd64.whl", hash = "sha256:bea6f9947e9419c2fda21ae6c32871e3d398cba549b93f4a65a2d369662d9403"}, + {file = "tokenizers-0.19.1-cp311-cp311-macosx_10_12_x86_64.whl", hash = "sha256:5c88d1481f1882c2e53e6bb06491e474e420d9ac7bdff172610c4f9ad3898059"}, + {file = "tokenizers-0.19.1-cp311-cp311-macosx_11_0_arm64.whl", hash = "sha256:ddf672ed719b4ed82b51499100f5417d7d9f6fb05a65e232249268f35de5ed14"}, + {file = "tokenizers-0.19.1-cp311-cp311-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:dadc509cc8a9fe460bd274c0e16ac4184d0958117cf026e0ea8b32b438171594"}, + {file = "tokenizers-0.19.1-cp311-cp311-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:dfedf31824ca4915b511b03441784ff640378191918264268e6923da48104acc"}, + {file = "tokenizers-0.19.1-cp311-cp311-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:ac11016d0a04aa6487b1513a3a36e7bee7eec0e5d30057c9c0408067345c48d2"}, + {file = "tokenizers-0.19.1-cp311-cp311-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:76951121890fea8330d3a0df9a954b3f2a37e3ec20e5b0530e9a0044ca2e11fe"}, + {file = "tokenizers-0.19.1-cp311-cp311-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:b342d2ce8fc8d00f376af068e3274e2e8649562e3bc6ae4a67784ded6b99428d"}, + {file = "tokenizers-0.19.1-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:d16ff18907f4909dca9b076b9c2d899114dd6abceeb074eca0c93e2353f943aa"}, + {file = "tokenizers-0.19.1-cp311-cp311-musllinux_1_1_aarch64.whl", hash = "sha256:706a37cc5332f85f26efbe2bdc9ef8a9b372b77e4645331a405073e4b3a8c1c6"}, + {file = "tokenizers-0.19.1-cp311-cp311-musllinux_1_1_x86_64.whl", hash = "sha256:16baac68651701364b0289979ecec728546133e8e8fe38f66fe48ad07996b88b"}, + {file = "tokenizers-0.19.1-cp311-none-win32.whl", hash = "sha256:9ed240c56b4403e22b9584ee37d87b8bfa14865134e3e1c3fb4b2c42fafd3256"}, + {file = "tokenizers-0.19.1-cp311-none-win_amd64.whl", hash = "sha256:ad57d59341710b94a7d9dbea13f5c1e7d76fd8d9bcd944a7a6ab0b0da6e0cc66"}, + {file = "tokenizers-0.19.1-cp312-cp312-macosx_10_12_x86_64.whl", hash = "sha256:621d670e1b1c281a1c9698ed89451395d318802ff88d1fc1accff0867a06f153"}, + {file = "tokenizers-0.19.1-cp312-cp312-macosx_11_0_arm64.whl", hash = "sha256:d924204a3dbe50b75630bd16f821ebda6a5f729928df30f582fb5aade90c818a"}, + {file = "tokenizers-0.19.1-cp312-cp312-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:4f3fefdc0446b1a1e6d81cd4c07088ac015665d2e812f6dbba4a06267d1a2c95"}, + {file = "tokenizers-0.19.1-cp312-cp312-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:9620b78e0b2d52ef07b0d428323fb34e8ea1219c5eac98c2596311f20f1f9266"}, + {file = "tokenizers-0.19.1-cp312-cp312-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:04ce49e82d100594715ac1b2ce87d1a36e61891a91de774755f743babcd0dd52"}, + {file = "tokenizers-0.19.1-cp312-cp312-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:c5c2ff13d157afe413bf7e25789879dd463e5a4abfb529a2d8f8473d8042e28f"}, + {file = "tokenizers-0.19.1-cp312-cp312-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:3174c76efd9d08f836bfccaca7cfec3f4d1c0a4cf3acbc7236ad577cc423c840"}, + {file = "tokenizers-0.19.1-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:7c9d5b6c0e7a1e979bec10ff960fae925e947aab95619a6fdb4c1d8ff3708ce3"}, + {file = "tokenizers-0.19.1-cp312-cp312-musllinux_1_1_aarch64.whl", hash = "sha256:a179856d1caee06577220ebcfa332af046d576fb73454b8f4d4b0ba8324423ea"}, + {file = "tokenizers-0.19.1-cp312-cp312-musllinux_1_1_x86_64.whl", hash = "sha256:952b80dac1a6492170f8c2429bd11fcaa14377e097d12a1dbe0ef2fb2241e16c"}, + {file = "tokenizers-0.19.1-cp312-none-win32.whl", hash = "sha256:01d62812454c188306755c94755465505836fd616f75067abcae529c35edeb57"}, + {file = "tokenizers-0.19.1-cp312-none-win_amd64.whl", hash = "sha256:b70bfbe3a82d3e3fb2a5e9b22a39f8d1740c96c68b6ace0086b39074f08ab89a"}, + {file = "tokenizers-0.19.1-cp39-cp39-macosx_10_12_x86_64.whl", hash = "sha256:0b9394bd204842a2a1fd37fe29935353742be4a3460b6ccbaefa93f58a8df43d"}, + {file = "tokenizers-0.19.1-cp39-cp39-macosx_11_0_arm64.whl", hash = "sha256:4692ab92f91b87769d950ca14dbb61f8a9ef36a62f94bad6c82cc84a51f76f6a"}, + {file = "tokenizers-0.19.1-cp39-cp39-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:6258c2ef6f06259f70a682491c78561d492e885adeaf9f64f5389f78aa49a051"}, + {file = "tokenizers-0.19.1-cp39-cp39-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:c85cf76561fbd01e0d9ea2d1cbe711a65400092bc52b5242b16cfd22e51f0c58"}, + {file = "tokenizers-0.19.1-cp39-cp39-manylinux_2_17_armv7l.manylinux2014_armv7l.whl", hash = "sha256:670b802d4d82bbbb832ddb0d41df7015b3e549714c0e77f9bed3e74d42400fbe"}, + {file = "tokenizers-0.19.1-cp39-cp39-manylinux_2_17_ppc64le.manylinux2014_ppc64le.whl", hash = "sha256:85aa3ab4b03d5e99fdd31660872249df5e855334b6c333e0bc13032ff4469c4a"}, + {file = "tokenizers-0.19.1-cp39-cp39-manylinux_2_17_s390x.manylinux2014_s390x.whl", hash = "sha256:cbf001afbbed111a79ca47d75941e9e5361297a87d186cbfc11ed45e30b5daba"}, + {file = "tokenizers-0.19.1-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:b4c89aa46c269e4e70c4d4f9d6bc644fcc39bb409cb2a81227923404dd6f5227"}, + {file = "tokenizers-0.19.1-cp39-cp39-musllinux_1_1_aarch64.whl", hash = "sha256:39c1ec76ea1027438fafe16ecb0fb84795e62e9d643444c1090179e63808c69d"}, + {file = "tokenizers-0.19.1-cp39-cp39-musllinux_1_1_x86_64.whl", hash = "sha256:c2a0d47a89b48d7daa241e004e71fb5a50533718897a4cd6235cb846d511a478"}, + {file = "tokenizers-0.19.1-cp39-none-win32.whl", hash = "sha256:61b7fe8886f2e104d4caf9218b157b106207e0f2a4905c9c7ac98890688aabeb"}, + {file = "tokenizers-0.19.1-cp39-none-win_amd64.whl", hash = "sha256:f97660f6c43efd3e0bfd3f2e3e5615bf215680bad6ee3d469df6454b8c6e8256"}, + {file = "tokenizers-0.19.1-pp310-pypy310_pp73-macosx_10_12_x86_64.whl", hash = "sha256:3b11853f17b54c2fe47742c56d8a33bf49ce31caf531e87ac0d7d13d327c9334"}, + {file = "tokenizers-0.19.1-pp310-pypy310_pp73-macosx_11_0_arm64.whl", hash = "sha256:d26194ef6c13302f446d39972aaa36a1dda6450bc8949f5eb4c27f51191375bd"}, + {file = "tokenizers-0.19.1-pp310-pypy310_pp73-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:e8d1ed93beda54bbd6131a2cb363a576eac746d5c26ba5b7556bc6f964425594"}, + {file = "tokenizers-0.19.1-pp310-pypy310_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:ca407133536f19bdec44b3da117ef0d12e43f6d4b56ac4c765f37eca501c7bda"}, + {file = "tokenizers-0.19.1-pp310-pypy310_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:ce05fde79d2bc2e46ac08aacbc142bead21614d937aac950be88dc79f9db9022"}, + {file = "tokenizers-0.19.1-pp310-pypy310_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:35583cd46d16f07c054efd18b5d46af4a2f070a2dd0a47914e66f3ff5efb2b1e"}, + {file = "tokenizers-0.19.1-pp310-pypy310_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:43350270bfc16b06ad3f6f07eab21f089adb835544417afda0f83256a8bf8b75"}, + {file = "tokenizers-0.19.1-pp37-pypy37_pp73-macosx_10_12_x86_64.whl", hash = "sha256:b4399b59d1af5645bcee2072a463318114c39b8547437a7c2d6a186a1b5a0e2d"}, + {file = "tokenizers-0.19.1-pp37-pypy37_pp73-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:6852c5b2a853b8b0ddc5993cd4f33bfffdca4fcc5d52f89dd4b8eada99379285"}, + {file = "tokenizers-0.19.1-pp37-pypy37_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:bcd266ae85c3d39df2f7e7d0e07f6c41a55e9a3123bb11f854412952deacd828"}, + {file = "tokenizers-0.19.1-pp37-pypy37_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:ecb2651956eea2aa0a2d099434134b1b68f1c31f9a5084d6d53f08ed43d45ff2"}, + {file = "tokenizers-0.19.1-pp37-pypy37_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:b279ab506ec4445166ac476fb4d3cc383accde1ea152998509a94d82547c8e2a"}, + {file = "tokenizers-0.19.1-pp37-pypy37_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:89183e55fb86e61d848ff83753f64cded119f5d6e1f553d14ffee3700d0a4a49"}, + {file = "tokenizers-0.19.1-pp38-pypy38_pp73-macosx_10_12_x86_64.whl", hash = "sha256:b2edbc75744235eea94d595a8b70fe279dd42f3296f76d5a86dde1d46e35f574"}, + {file = "tokenizers-0.19.1-pp38-pypy38_pp73-macosx_11_0_arm64.whl", hash = "sha256:0e64bfde9a723274e9a71630c3e9494ed7b4c0f76a1faacf7fe294cd26f7ae7c"}, + {file = "tokenizers-0.19.1-pp38-pypy38_pp73-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:0b5ca92bfa717759c052e345770792d02d1f43b06f9e790ca0a1db62838816f3"}, + {file = "tokenizers-0.19.1-pp38-pypy38_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:6f8a20266e695ec9d7a946a019c1d5ca4eddb6613d4f466888eee04f16eedb85"}, + {file = "tokenizers-0.19.1-pp38-pypy38_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:63c38f45d8f2a2ec0f3a20073cccb335b9f99f73b3c69483cd52ebc75369d8a1"}, + {file = "tokenizers-0.19.1-pp38-pypy38_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:dd26e3afe8a7b61422df3176e06664503d3f5973b94f45d5c45987e1cb711876"}, + {file = "tokenizers-0.19.1-pp38-pypy38_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:eddd5783a4a6309ce23432353cdb36220e25cbb779bfa9122320666508b44b88"}, + {file = "tokenizers-0.19.1-pp39-pypy39_pp73-macosx_10_12_x86_64.whl", hash = "sha256:56ae39d4036b753994476a1b935584071093b55c7a72e3b8288e68c313ca26e7"}, + {file = "tokenizers-0.19.1-pp39-pypy39_pp73-macosx_11_0_arm64.whl", hash = "sha256:f9939ca7e58c2758c01b40324a59c034ce0cebad18e0d4563a9b1beab3018243"}, + {file = "tokenizers-0.19.1-pp39-pypy39_pp73-manylinux_2_12_i686.manylinux2010_i686.whl", hash = "sha256:6c330c0eb815d212893c67a032e9dc1b38a803eccb32f3e8172c19cc69fbb439"}, + {file = "tokenizers-0.19.1-pp39-pypy39_pp73-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:ec11802450a2487cdf0e634b750a04cbdc1c4d066b97d94ce7dd2cb51ebb325b"}, + {file = "tokenizers-0.19.1-pp39-pypy39_pp73-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:a2b718f316b596f36e1dae097a7d5b91fc5b85e90bf08b01ff139bd8953b25af"}, + {file = "tokenizers-0.19.1-pp39-pypy39_pp73-musllinux_1_1_aarch64.whl", hash = "sha256:ed69af290c2b65169f0ba9034d1dc39a5db9459b32f1dd8b5f3f32a3fcf06eab"}, + {file = "tokenizers-0.19.1-pp39-pypy39_pp73-musllinux_1_1_x86_64.whl", hash = "sha256:f8a9c828277133af13f3859d1b6bf1c3cb6e9e1637df0e45312e6b7c2e622b1f"}, + {file = "tokenizers-0.19.1.tar.gz", hash = "sha256:ee59e6680ed0fdbe6b724cf38bd70400a0c1dd623b07ac729087270caeac88e3"}, +] + +[[package]] +name = "torch" +version = "2.2.2" +requires_python = ">=3.8.0" +summary = "Tensors and Dynamic neural networks in Python with strong GPU acceleration" +dependencies = [ + "filelock", + "fsspec", + "jinja2", + "networkx", + "nvidia-cublas-cu12==12.1.3.1; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-cuda-cupti-cu12==12.1.105; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-cuda-nvrtc-cu12==12.1.105; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-cuda-runtime-cu12==12.1.105; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-cudnn-cu12==8.9.2.26; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-cufft-cu12==11.0.2.54; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-curand-cu12==10.3.2.106; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-cusolver-cu12==11.4.5.107; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-cusparse-cu12==12.1.0.106; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-nccl-cu12==2.19.3; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "nvidia-nvtx-cu12==12.1.105; platform_system == \"Linux\" and platform_machine == \"x86_64\"", + "sympy", + "triton==2.2.0; platform_system == \"Linux\" and platform_machine == \"x86_64\" and python_version < \"3.12\"", + "typing-extensions>=4.8.0", +] +files = [ + {file = "torch-2.2.2-cp310-cp310-manylinux1_x86_64.whl", hash = "sha256:bc889d311a855dd2dfd164daf8cc903a6b7273a747189cebafdd89106e4ad585"}, + {file = "torch-2.2.2-cp310-cp310-manylinux2014_aarch64.whl", hash = "sha256:15dffa4cc3261fa73d02f0ed25f5fa49ecc9e12bf1ae0a4c1e7a88bbfaad9030"}, + {file = "torch-2.2.2-cp310-cp310-win_amd64.whl", hash = "sha256:11e8fe261233aeabd67696d6b993eeb0896faa175c6b41b9a6c9f0334bdad1c5"}, + {file = "torch-2.2.2-cp310-none-macosx_10_9_x86_64.whl", hash = "sha256:b2e2200b245bd9f263a0d41b6a2dab69c4aca635a01b30cca78064b0ef5b109e"}, + {file = "torch-2.2.2-cp310-none-macosx_11_0_arm64.whl", hash = "sha256:877b3e6593b5e00b35bbe111b7057464e76a7dd186a287280d941b564b0563c2"}, + {file = "torch-2.2.2-cp311-cp311-manylinux1_x86_64.whl", hash = "sha256:ad4c03b786e074f46606f4151c0a1e3740268bcf29fbd2fdf6666d66341c1dcb"}, + {file = "torch-2.2.2-cp311-cp311-manylinux2014_aarch64.whl", hash = "sha256:32827fa1fbe5da8851686256b4cd94cc7b11be962862c2293811c94eea9457bf"}, + {file = "torch-2.2.2-cp311-cp311-win_amd64.whl", hash = "sha256:f9ef0a648310435511e76905f9b89612e45ef2c8b023bee294f5e6f7e73a3e7c"}, + {file = "torch-2.2.2-cp311-none-macosx_10_9_x86_64.whl", hash = "sha256:95b9b44f3bcebd8b6cd8d37ec802048c872d9c567ba52c894bba90863a439059"}, + {file = "torch-2.2.2-cp311-none-macosx_11_0_arm64.whl", hash = "sha256:49aa4126ede714c5aeef7ae92969b4b0bbe67f19665106463c39f22e0a1860d1"}, + {file = "torch-2.2.2-cp312-cp312-manylinux1_x86_64.whl", hash = "sha256:cf12cdb66c9c940227ad647bc9cf5dba7e8640772ae10dfe7569a0c1e2a28aca"}, + {file = "torch-2.2.2-cp312-cp312-manylinux2014_aarch64.whl", hash = "sha256:89ddac2a8c1fb6569b90890955de0c34e1724f87431cacff4c1979b5f769203c"}, + {file = "torch-2.2.2-cp312-cp312-win_amd64.whl", hash = "sha256:451331406b760f4b1ab298ddd536486ab3cfb1312614cfe0532133535be60bea"}, + {file = "torch-2.2.2-cp312-none-macosx_10_9_x86_64.whl", hash = "sha256:eb4d6e9d3663e26cd27dc3ad266b34445a16b54908e74725adb241aa56987533"}, + {file = "torch-2.2.2-cp312-none-macosx_11_0_arm64.whl", hash = "sha256:bf9558da7d2bf7463390b3b2a61a6a3dbb0b45b161ee1dd5ec640bf579d479fc"}, + {file = "torch-2.2.2-cp39-cp39-manylinux1_x86_64.whl", hash = "sha256:a6e5770d68158d07456bfcb5318b173886f579fdfbf747543901ce718ea94782"}, + {file = "torch-2.2.2-cp39-cp39-manylinux2014_aarch64.whl", hash = "sha256:67dcd726edff108e2cd6c51ff0e416fd260c869904de95750e80051358680d24"}, + {file = "torch-2.2.2-cp39-cp39-win_amd64.whl", hash = "sha256:539d5ef6c4ce15bd3bd47a7b4a6e7c10d49d4d21c0baaa87c7d2ef8698632dfb"}, + {file = "torch-2.2.2-cp39-none-macosx_10_9_x86_64.whl", hash = "sha256:dff696de90d6f6d1e8200e9892861fd4677306d0ef604cb18f2134186f719f82"}, + {file = "torch-2.2.2-cp39-none-macosx_11_0_arm64.whl", hash = "sha256:3a4dd910663fd7a124c056c878a52c2b0be4a5a424188058fe97109d4436ee42"}, +] + +[[package]] +name = "tornado" +version = "6.4" +requires_python = ">= 3.8" +summary = "Tornado is a Python web framework and asynchronous networking library, originally developed at FriendFeed." +files = [ + {file = "tornado-6.4-cp38-abi3-macosx_10_9_universal2.whl", hash = "sha256:02ccefc7d8211e5a7f9e8bc3f9e5b0ad6262ba2fbb683a6443ecc804e5224ce0"}, + {file = "tornado-6.4-cp38-abi3-macosx_10_9_x86_64.whl", hash = "sha256:27787de946a9cffd63ce5814c33f734c627a87072ec7eed71f7fc4417bb16263"}, + {file = "tornado-6.4-cp38-abi3-manylinux_2_17_aarch64.manylinux2014_aarch64.whl", hash = "sha256:f7894c581ecdcf91666a0912f18ce5e757213999e183ebfc2c3fdbf4d5bd764e"}, + {file = "tornado-6.4-cp38-abi3-manylinux_2_5_i686.manylinux1_i686.manylinux_2_17_i686.manylinux2014_i686.whl", hash = "sha256:e43bc2e5370a6a8e413e1e1cd0c91bedc5bd62a74a532371042a18ef19e10579"}, + {file = "tornado-6.4-cp38-abi3-manylinux_2_5_x86_64.manylinux1_x86_64.manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:f0251554cdd50b4b44362f73ad5ba7126fc5b2c2895cc62b14a1c2d7ea32f212"}, + {file = "tornado-6.4-cp38-abi3-musllinux_1_1_aarch64.whl", hash = "sha256:fd03192e287fbd0899dd8f81c6fb9cbbc69194d2074b38f384cb6fa72b80e9c2"}, + {file = "tornado-6.4-cp38-abi3-musllinux_1_1_i686.whl", hash = "sha256:88b84956273fbd73420e6d4b8d5ccbe913c65d31351b4c004ae362eba06e1f78"}, + {file = "tornado-6.4-cp38-abi3-musllinux_1_1_x86_64.whl", hash = "sha256:71ddfc23a0e03ef2df1c1397d859868d158c8276a0603b96cf86892bff58149f"}, + {file = "tornado-6.4-cp38-abi3-win32.whl", hash = "sha256:6f8a6c77900f5ae93d8b4ae1196472d0ccc2775cc1dfdc9e7727889145c45052"}, + {file = "tornado-6.4-cp38-abi3-win_amd64.whl", hash = "sha256:10aeaa8006333433da48dec9fe417877f8bcc21f48dda8d661ae79da357b2a63"}, + {file = "tornado-6.4.tar.gz", hash = "sha256:72291fa6e6bc84e626589f1c29d90a5a6d593ef5ae68052ee2ef000dfd273dee"}, +] + +[[package]] +name = "tqdm" +version = "4.66.2" +requires_python = ">=3.7" +summary = "Fast, Extensible Progress Meter" +dependencies = [ + "colorama; platform_system == \"Windows\"", +] +files = [ + {file = "tqdm-4.66.2-py3-none-any.whl", hash = "sha256:1ee4f8a893eb9bef51c6e35730cebf234d5d0b6bd112b0271e10ed7c24a02bd9"}, + {file = "tqdm-4.66.2.tar.gz", hash = "sha256:6cd52cdf0fef0e0f543299cfc96fec90d7b8a7e88745f411ec33eb44d5ed3531"}, +] + +[[package]] +name = "traitlets" +version = "5.14.3" +requires_python = ">=3.8" +summary = "Traitlets Python configuration system" +files = [ + {file = "traitlets-5.14.3-py3-none-any.whl", hash = "sha256:b74e89e397b1ed28cc831db7aea759ba6640cb3de13090ca145426688ff1ac4f"}, + {file = "traitlets-5.14.3.tar.gz", hash = "sha256:9ed0579d3502c94b4b3732ac120375cda96f923114522847de4b3bb98b96b6b7"}, +] + +[[package]] +name = "transformers" +version = "4.40.0" +requires_python = ">=3.8.0" +summary = "State-of-the-art Machine Learning for JAX, PyTorch and TensorFlow" +dependencies = [ + "filelock", + "huggingface-hub<1.0,>=0.19.3", + "numpy>=1.17", + "packaging>=20.0", + "pyyaml>=5.1", + "regex!=2019.12.17", + "requests", + "safetensors>=0.4.1", + "tokenizers<0.20,>=0.19", + "tqdm>=4.27", +] +files = [ + {file = "transformers-4.40.0-py3-none-any.whl", hash = "sha256:92797ec3368ed4476a053529a4039a12ad09167d9e371981dda4afb4bdf590ac"}, + {file = "transformers-4.40.0.tar.gz", hash = "sha256:fdb01dfe6a492bd34e3fa2aefffa470b1d8a2341db47a932f83ed33839d96b03"}, +] + +[[package]] +name = "triton" +version = "2.2.0" +summary = "A language and compiler for custom Deep Learning operations" +dependencies = [ + "filelock", +] +files = [ + {file = "triton-2.2.0-cp310-cp310-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:a2294514340cfe4e8f4f9e5c66c702744c4a117d25e618bd08469d0bfed1e2e5"}, + {file = "triton-2.2.0-cp311-cp311-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:da58a152bddb62cafa9a857dd2bc1f886dbf9f9c90a2b5da82157cd2b34392b0"}, + {file = "triton-2.2.0-cp312-cp312-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:0af58716e721460a61886668b205963dc4d1e4ac20508cc3f623aef0d70283d5"}, + {file = "triton-2.2.0-cp39-cp39-manylinux_2_17_x86_64.manylinux2014_x86_64.whl", hash = "sha256:227cc6f357c5efcb357f3867ac2a8e7ecea2298cd4606a8ba1e931d1d5a947df"}, +] + +[[package]] +name = "typing-extensions" +version = "4.11.0" +requires_python = ">=3.8" +summary = "Backported and Experimental Type Hints for Python 3.8+" +files = [ + {file = "typing_extensions-4.11.0-py3-none-any.whl", hash = "sha256:c1f94d72897edaf4ce775bb7558d5b79d8126906a14ea5ed1635921406c0387a"}, + {file = "typing_extensions-4.11.0.tar.gz", hash = "sha256:83f085bd5ca59c80295fc2a82ab5dac679cbe02b9f33f7d83af68e241bea51b0"}, +] + +[[package]] +name = "tzdata" +version = "2024.1" +requires_python = ">=2" +summary = "Provider of IANA time zone data" +files = [ + {file = "tzdata-2024.1-py2.py3-none-any.whl", hash = "sha256:9068bc196136463f5245e51efda838afa15aaeca9903f49050dfa2679db4d252"}, + {file = "tzdata-2024.1.tar.gz", hash = "sha256:2674120f8d891909751c38abcdfd386ac0a5a1127954fbc332af6b5ceae07efd"}, +] + +[[package]] +name = "urllib3" +version = "2.2.1" +requires_python = ">=3.8" +summary = "HTTP library with thread-safe connection pooling, file post, and more." +files = [ + {file = "urllib3-2.2.1-py3-none-any.whl", hash = "sha256:450b20ec296a467077128bff42b73080516e71b56ff59a60a02bef2232c4fa9d"}, + {file = "urllib3-2.2.1.tar.gz", hash = "sha256:d0570876c61ab9e520d776c38acbbb5b05a776d3f9ff98a5c8fd5162a444cf19"}, +] + +[[package]] +name = "virtualenv" +version = "20.25.3" +requires_python = ">=3.7" +summary = "Virtual Python Environment builder" +dependencies = [ + "distlib<1,>=0.3.7", + "filelock<4,>=3.12.2", + "platformdirs<5,>=3.9.1", +] +files = [ + {file = "virtualenv-20.25.3-py3-none-any.whl", hash = "sha256:8aac4332f2ea6ef519c648d0bc48a5b1d324994753519919bddbb1aff25a104e"}, + {file = "virtualenv-20.25.3.tar.gz", hash = "sha256:7bb554bbdfeaacc3349fa614ea5bff6ac300fc7c335e9facf3a3bcfc703f45be"}, +] + +[[package]] +name = "wcwidth" +version = "0.2.13" +summary = "Measures the displayed width of unicode strings in a terminal" +files = [ + {file = "wcwidth-0.2.13-py2.py3-none-any.whl", hash = "sha256:3da69048e4540d84af32131829ff948f1e022c1c6bdb8d6102117aac784f6859"}, + {file = "wcwidth-0.2.13.tar.gz", hash = "sha256:72ea0c06399eb286d978fdedb6923a9eb47e1c486ce63e9b4e64fc18303972b5"}, +] + +[[package]] +name = "zipp" +version = "3.18.1" +requires_python = ">=3.8" +summary = "Backport of pathlib-compatible object wrapper for zip files" +files = [ + {file = "zipp-3.18.1-py3-none-any.whl", hash = "sha256:206f5a15f2af3dbaee80769fb7dc6f249695e940acca08dfb2a4769fe61e538b"}, + {file = "zipp-3.18.1.tar.gz", hash = "sha256:2884ed22e7d8961de1c9a05142eb69a247f120291bc0206a00a7642f09b5b715"}, +] diff --git a/pyproject.toml b/pyproject.toml index 38d3c85..3293923 100644 --- a/pyproject.toml +++ b/pyproject.toml @@ -25,6 +25,14 @@ classifiers = [ "Topic :: Scientific/Engineering", "Topic :: Software Development", ] +dependencies = [ + "torch>=2.2.2", + "pandas>=2.2.2", + "tokenizers>=0.19.1", + "ipykernel>=6.29.4", + "transformers>=4.40.0", + "pre-commit>=3.7.0", +] [project.urls] Homepage = "https://github.com/os-climate/osc-transformer-based-extractor" diff --git a/src/relevance_detector/OSC/annotations_training.xlsx b/src/relevance_detector/OSC/annotations_training.xlsx new file mode 100644 index 0000000..a9af6ed Binary files /dev/null and b/src/relevance_detector/OSC/annotations_training.xlsx differ diff --git a/src/relevance_detector/OSC/kpi_mapping.csv b/src/relevance_detector/OSC/kpi_mapping.csv new file mode 100644 index 0000000..dd1c9f1 --- /dev/null +++ b/src/relevance_detector/OSC/kpi_mapping.csv @@ -0,0 +1,25 @@ +kpi_id,question,sectors,add_year,kpi_category,, +0,What is the company name?,"OG, CM, CU",FALSE,TEXT,, +1,In which year was the annual report or the sustainability report published?,"OG, CM, CU",FALSE,TEXT,, +2,What is the total volume of proven and probable hydrocarbons reserves?,OG,TRUE,"TEXT, TABLE",, +2.1,What is the volume of estimated proven hydrocarbons reserves?,OG,TRUE,"TEXT, TABLE",, +2.2,What is the volume of estimated probable hydrocarbons reserves?,OG,TRUE,"TEXT, TABLE",, +3,What is the total volume of hydrocarbons production?,OG,TRUE,"TEXT, TABLE",, +3.1,What is the total volume of crude oil liquid production?,OG,TRUE,"TEXT, TABLE",, +3.2,What is the total volume of natural gas liquid production?,OG,TRUE,"TEXT, TABLE",, +3.3,What is the total volume of natural gas production?,OG,TRUE,"TEXT, TABLE",, +4,What is the annual total production from coal?,CU,TRUE,"TEXT, TABLE",, +4.1,What is the annual total production from lignite (brown coal)?,CU,TRUE,"TEXT, TABLE",, +4.2,What is the annual total production from hard coal?,CU,TRUE,"TEXT, TABLE",, +5,What is the total installed capacity from coal?,CU,TRUE,"TEXT, TABLE",, +5.1,What is the total installed capacity from lignite (brown coal)?,CU,TRUE,"TEXT, TABLE",, +5.2,What is the total installed capacity from hard coal?,CU,TRUE,"TEXT, TABLE",, +6,What is the total amount of direct greenhouse gases emissions referred to as scope 1 emissions?,"CU, OG",TRUE,"TEXT, TABLE",, +7,What is the total amount of energy indirect greenhouse gases emissions referred to as scope 2 emissions?,"CU, OG",TRUE,"TEXT, TABLE",, +8,What is the total amount of upstream energy indirect greenhouse gases emissions referred to as scope 3 emissions?,"CU, OG",TRUE,"TEXT, TABLE",, +9,What is the base year for carbon reduction commitment?,"OG, CM, CU",FALSE,"TEXT, TABLE",, +10,What is the climate commitment scenario considered?,"OG, CM, CU",TRUE,TEXT,, +11,What is the target year for climate commitment?,"OG, CM, CU",FALSE,TEXT,, +12,What is the target carbon reduction in percentage?,"OG, CM, CU",TRUE,TEXT,, +13,What is the total amount of scope 1 and 2 greenhouse gases emissions?,CU,TRUE,"TEXT, TABLE",, +14,"What is the total amount of scope 1, scope 2 and scope 3 greenhouse gases emissions?",OG,TRUE,"TEXT, TABLE",, diff --git a/src/relevance_detector/OSC/output_curator.csv b/src/relevance_detector/OSC/output_curator.csv new file mode 100644 index 0000000..9a5547a --- /dev/null +++ b/src/relevance_detector/OSC/output_curator.csv @@ -0,0 +1,67 @@ +question,context,company,source_file,source_page,kpi_id,year,answer,data_type,relevant_paragraphs,annotator,Index,label +In which year was the annual report or the sustainability report published?,Sustainability Report 2019,Royal Dutch Shell plc,Test.pdf,['0'],1,2019,2019,TEXT,"[""Sustainability Report 2019""]",test_annotations.xlsx,0,1 +In which year was the annual report or the sustainability report published?,"GrGreenhouse ga TToottal Gal GHG emissions HG emissions Net Carbon Footprint (gCO2e/MJ) Direct GHG emissions (Scope 1) (million tonnes CO2 equivalent) [A] Carbon dioxide (CO2) (million tonnes) Methane (CH4) (thousand tonnes) [P] Nitrous oxide (N2O) (thousand tonnes) Hydrofluorocarbons (HFCs) (tonnes) [P] Energy indirect GHG emissions (Scope 2) (million tonnes CO2 equivalent) [B] GHG emissions associated with exported energy (subset of direct GHGs) Use of our refinery and natural gas products (Scope 3 Category 11) (million tonnes CO2 equivalent) [Q] GGHG emissions br y business (Sss (Sccopeope 1 and Scope 1 – Upstream (million tonnes CO2 equivalent) Scope 1 – Integrated Gas (million tonnes CO2 equivalent) Scope 1 – Downstream (million tonnes CO2 equivalent) Scope 2 – Upstream [B] (million tonnes CO2 equivalent) Scope 2 – Integrated Gas [B] (million tonnes CO2 equivalent) Scope 2 – Downstream [B] (million tonnes CO2 equivalent) GGHG intensit Upstream and Integrated Gas GHG intensity Refinery GHG intensity Chemical GHG intensity FFlarlaringing Flaring (upstream) (million tonnes CO2 equivalent) [C] [P] Flaring (upstream) (million tonnes hydrocarbon flared) [C] [P] Nigeria [D] [P] Rest of the world [E] EnerEnergy intensit gy intensityy Upstream excl. oil sands, LNG and GTL (gigajoules per tonne production) [C] [F] Refineries: Refinery Energy Index [G] Chemical plants: Chemicals Energy Intensity Acid ga Acid gaseses and V Sulphur oxides (SOx) (thousand tonnes SO2) [P] Nitrogen oxides (NOx) (thousand tonnes NO2) Volatile organic compounds (VOCs) (thousand tonnes) [P]",Royal Dutch Shell plc,Test.pdf,['0'],1,2019,2019,TEXT,"[""Sustainability Report 2019""]",test_annotations.xlsx,0,0 +What is the total amount of direct greenhouse gases emissions referred to as scope 1 emissions?,"Greenhouse gas emissions performance Our direct GHG emissions decreased from 71 million tonnes of CO2 equivalent in 2018 to 70 million tonnes of CO2 equivalent in 2019. The main reasons for the decrease were divestments (for example, in Argentina, Canada, Iraq, Malaysia, Norway and the UK). These decreases were partly offset by the start-up of the Prelude floating liquefied natural gas facility in Australia.",Royal Dutch Shell plc,Test.pdf,['2'],6,2019,70 million tonnes of CO2 equivalent,TEXT,"[""Our direct GHG emissions decreased from 71 million tonnes of CO2 +equivalent in 2018 to 70 million tonnes of CO2 equivalent in 2019. +The main reasons for the decrease were divestments (for example, in +Argentina, Canada, Iraq, Malaysia, Norway and the UK).""]",test_annotations.xlsx,1,1 +What is the total amount of direct greenhouse gases emissions referred to as scope 1 emissions?,"We are taking action to achieve this ambition. In 2019, we continued to offer lower-emission energy products, including natural gas, biofuels, hydrogen and renewable power. We increased our investment in natural ecosystems that produce carbon credits to help drivers in two key markets, the Netherlands and the UK, to offset their carbon emissions. And we increased our use of detection and repair programmes at our gas production sites to reduce leaks of methane, a potent greenhouse gas.",Royal Dutch Shell plc,Test.pdf,['2'],6,2019,70 million tonnes of CO2 equivalent,TEXT,"[""Our direct GHG emissions decreased from 71 million tonnes of CO2 +equivalent in 2018 to 70 million tonnes of CO2 equivalent in 2019. +The main reasons for the decrease were divestments (for example, in +Argentina, Canada, Iraq, Malaysia, Norway and the UK).""]",test_annotations.xlsx,1,0 +What is the total amount of energy indirect greenhouse gases emissions referred to as scope 2 emissions?,"Greenhouse gas emissions performance Our direct GHG emissions decreased from 71 million tonnes of CO2 equivalent in 2018 to 70 million tonnes of CO2 equivalent in 2019. The main reasons for the decrease were divestments (for example, in Argentina, Canada, Iraq, Malaysia, Norway and the UK). These decreases were partly offset by the start-up of the Prelude floating liquefied natural gas facility in Australia.",Royal Dutch Shell plc,Test.pdf,['2'],7,2018,"71 million tonnes of CO2 +equivalent",TEXT,"[""Our direct GHG emissions decreased from 71 million tonnes of CO2 +equivalent in 2018 to 70 million tonnes of CO2 equivalent in 2019. +The main reasons for the decrease were divestments (for example, in +Argentina, Canada, Iraq, Malaysia, Norway and the UK).""]",test_annotations.xlsx,2,1 +What is the total amount of energy indirect greenhouse gases emissions referred to as scope 2 emissions?,"Being responsible is also about behaving ethically. Our employees must show absolute integrity every day. They must meet the ethical standards that Shell, and society, expects. Our standards are set out in Shell’s business principles and code of conduct. We are very clear that it is not sufficient for Shell’s actions and behaviour merely to be legally sound. We must take a broad view that also considers the wider implications of our commercial choices and our stakeholders’ view of them. We spent a lot of time in 2019 reinforcing the standard of behaviour we expect. For example, all senior executives completed a mandatory ethical leadership programme. I strongly believe all leaders must set the tone from the top.",Royal Dutch Shell plc,Test.pdf,['2'],7,2018,"71 million tonnes of CO2 +equivalent",TEXT,"[""Our direct GHG emissions decreased from 71 million tonnes of CO2 +equivalent in 2018 to 70 million tonnes of CO2 equivalent in 2019. +The main reasons for the decrease were divestments (for example, in +Argentina, Canada, Iraq, Malaysia, Norway and the UK).""]",test_annotations.xlsx,2,0 +What is the base year for carbon reduction commitment?,"We continue to work towards delivering on our Net Carbon Footprint ambition to cut the intensity of the greenhouse gas emissions of the energy products we sell by about 50% by 2050, and 20% by 2035 compared to our 2016 levels, in step with society as it moves towards meeting the goals of the Paris Agreement. In 2019, we set shorter-term targets for 2021 of 2-3% lower than our 2016 baseline Net Carbon Footprint. In early 2020, we set a Net Carbon Footprint target for 2022 of 3-4% lower than our 2016 baseline. We will continue to evolve our approach over time.",Royal Dutch Shell plc,Test.pdf,['1'],9,2019,2016,TEXT,"[""We continue to work towards delivering on our Net Carbon Footprint +ambition to cut the intensity of the greenhouse gas emissions of the +energy products we sell by about 50% by 2050, and 20% by 2035 +compared to our 2016 levels, in step with society as it moves towards +meeting the goals of the Paris Agreement. In 2019, we set shorter-term +targets for 2021 of 2-3% lower than our 2016 baseline Net Carbon +Footprint. In early 2020, we set a Net Carbon Footprint target for +2022 of 3-4% lower than our 2016 baseline. We will continue to +evolve our approach over time.""]",test_annotations.xlsx,3,1 +What is the base year for carbon reduction commitment?,Shell 2019 Sustainability Report,Royal Dutch Shell plc,Test.pdf,['1'],9,2019,2016,TEXT,"[""We continue to work towards delivering on our Net Carbon Footprint +ambition to cut the intensity of the greenhouse gas emissions of the +energy products we sell by about 50% by 2050, and 20% by 2035 +compared to our 2016 levels, in step with society as it moves towards +meeting the goals of the Paris Agreement. In 2019, we set shorter-term +targets for 2021 of 2-3% lower than our 2016 baseline Net Carbon +Footprint. In early 2020, we set a Net Carbon Footprint target for +2022 of 3-4% lower than our 2016 baseline. We will continue to +evolve our approach over time.""]",test_annotations.xlsx,3,0 +What is the target year for climate commitment?,"We continue to work towards delivering on our Net Carbon Footprint ambition to cut the intensity of the greenhouse gas emissions of the energy products we sell by about 50% by 2050, and 20% by 2035 compared to our 2016 levels, in step with society as it moves towards meeting the goals of the Paris Agreement. In 2019, we set shorter-term targets for 2021 of 2-3% lower than our 2016 baseline Net Carbon Footprint. In early 2020, we set a Net Carbon Footprint target for 2022 of 3-4% lower than our 2016 baseline. We will continue to evolve our approach over time.",Royal Dutch Shell plc,Test.pdf,['1'],11,2019,2050,TEXT,"[""We continue to work towards delivering on our Net Carbon Footprint +ambition to cut the intensity of the greenhouse gas emissions of the +energy products we sell by about 50% by 2050, and 20% by 2035 +compared to our 2016 levels, in step with society as it moves towards +meeting the goals of the Paris Agreement. In 2019, we set shorter-term +targets for 2021 of 2-3% lower than our 2016 baseline Net Carbon +Footprint. In early 2020, we set a Net Carbon Footprint target for +2022 of 3-4% lower than our 2016 baseline. We will continue to +evolve our approach over time.""]",test_annotations.xlsx,4,1 +What is the target year for climate commitment?,0.168 0.168 0.158 0.166 0.166 1.18 1.061.06 1.041.04 0.99,Royal Dutch Shell plc,Test.pdf,['1'],11,2019,2050,TEXT,"[""We continue to work towards delivering on our Net Carbon Footprint +ambition to cut the intensity of the greenhouse gas emissions of the +energy products we sell by about 50% by 2050, and 20% by 2035 +compared to our 2016 levels, in step with society as it moves towards +meeting the goals of the Paris Agreement. In 2019, we set shorter-term +targets for 2021 of 2-3% lower than our 2016 baseline Net Carbon +Footprint. In early 2020, we set a Net Carbon Footprint target for +2022 of 3-4% lower than our 2016 baseline. We will continue to +evolve our approach over time.""]",test_annotations.xlsx,4,0 +What is the target carbon reduction in percentage?,"We continue to work towards delivering on our Net Carbon Footprint ambition to cut the intensity of the greenhouse gas emissions of the energy products we sell by about 50% by 2050, and 20% by 2035 compared to our 2016 levels, in step with society as it moves towards meeting the goals of the Paris Agreement. In 2019, we set shorter-term targets for 2021 of 2-3% lower than our 2016 baseline Net Carbon Footprint. In early 2020, we set a Net Carbon Footprint target for 2022 of 3-4% lower than our 2016 baseline. We will continue to evolve our approach over time.",Royal Dutch Shell plc,Test.pdf,['1'],12,2019,0.5,TEXT,"[""We continue to work towards delivering on our Net Carbon Footprint +ambition to cut the intensity of the greenhouse gas emissions of the +energy products we sell by about 50% by 2050, and 20% by 2035 +compared to our 2016 levels, in step with society as it moves towards +meeting the goals of the Paris Agreement.""]",test_annotations.xlsx,5,1 +What is the target carbon reduction in percentage?,"We have also developed and implemented a comprehensive CO2 and energy management information system that supports our facilities, for example, by analysing real-time data to highlight maintenance gaps and monitor performance.",Royal Dutch Shell plc,Test.pdf,['1'],12,2019,0.5,TEXT,"[""We continue to work towards delivering on our Net Carbon Footprint +ambition to cut the intensity of the greenhouse gas emissions of the +energy products we sell by about 50% by 2050, and 20% by 2035 +compared to our 2016 levels, in step with society as it moves towards +meeting the goals of the Paris Agreement.""]",test_annotations.xlsx,5,0 diff --git a/src/relevance_detector/OSC/result.json b/src/relevance_detector/OSC/result.json new file mode 100644 index 0000000..7fcf0a5 --- /dev/null +++ b/src/relevance_detector/OSC/result.json @@ -0,0 +1,42115 @@ +{ + "success": true, + "dictionary": { + "0": { + "0": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 0, + "paragraph": "ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED DECEMBER 31, 2019", + "page": 0, + "start_index_page": 0, + "last_index_page": 0 + } + }, + "1": { + "1": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1, + "paragraph": "Terms and abbreviations About this Report", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "2": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2, + "paragraph": "STRATEGIC REPORT 6 8 10 12 19 23 27 37 40 42 45 52 61 70 79 80 84 91 ", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "3": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3, + "paragraph": "Chair\u2019s message Chief Executive Officer\u2019s review Selected financial data Shell story Strategy and outlook Section 172(1) statement Risk factors Market overview Summary of results Performance indicators Integrated Gas Upstream Oil and gas information Downstream Corporate Liquidity and capital resources Environment and society Climate change and energy transition Our people", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "4": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4, + "paragraph": "GOVERNANCE Directors\u2019 Report 104 ", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "5": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5, + "paragraph": "FINANCIAL STATEMENTS ANDSUPPLEMENTS 174 ", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "6": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 6, + "paragraph": " The Board of Royal Dutch Shellplc Senior Management Introduction from the Chair Statement of compliance with the UK Corporate Governance Code Governance framework Board evaluation and activities Understanding and engaging with our stakeholders Workforce engagement Nomination and Succession Committee Safety, environment and sustainability committee Audit Committee Report Directors\u2019 Remuneration Report Annual Report on Remuneration Directors\u2019 Remuneration Policy Other Regulatory and Statutory Information", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "7": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 7, + "paragraph": " Independent Auditor\u2019s Report related to the Consolidated andParent Company Financial Statements Consolidated Financial Statements Supplementary information \u2013 oilandgas (unaudited) Parent Company Financial Statements Independent Auditors\u2019 Reports related to the Royal Dutch Shell Dividend Access Trust Financial Statements Royal Dutch Shell Dividend Access Trust Financial Statements", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "8": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 8, + "paragraph": "ADDITIONAL INFORMATION 274 Shareholder information 279 Non-GAAP measures reconciliations Appendix 1: Significant Subsidiariesand Other Related Undertakings (Audited)", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "9": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 9, + "paragraph": "Cover image: The Pecten is the key symbol of the Shell Brand. It is sometimes referred toasour icon, logo or emblem, and is one of the world\u2019s most recognised symbols. It is an assetwith enormous value, and a key enabler of successful business through our customers, governments, business partners, contractors and staff. It has been at the core of our brandingfor over 100 years.", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + }, + "10": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 10, + "paragraph": "Design and production: Friend www.friendstudio.com Print: Tuijtel under ISO 14001", + "page": 1, + "start_index_page": 1, + "last_index_page": 10 + } + }, + "2": { + "11": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 11, + "paragraph": "TERMS AND ABBREVIATIONS", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + }, + "12": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 12, + "paragraph": "Units of measurement acre b(/d) boe(/d)", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + }, + "13": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 13, + "paragraph": "MMBtu megajoule mtpa per day", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + }, + "14": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 14, + "paragraph": "approximately 0.004 square kilometres barrels (per day) barrels of oil equivalent (per day); natural gas volumes are converted into oil equivalent using afactor of 5,800 scf per barrel thousand barrels of oil equivalent (per day); natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel million British thermal units a unit of energy equal to one million joules million tonnes per annum volumes are converted into a daily basis usingacalendar year standard cubic feet (per day)", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + }, + "15": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 15, + "paragraph": "gas to liquids liquefied natural gas liquefied petroleum gas natural gas liquids", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + }, + "16": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 16, + "paragraph": "Miscellaneous ADS AGM API CCS CCS earnings CO2 EMTN EPS FCF FID GAAP GHG HSSE IAS IEA IFRS IOGP IPIECA", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + }, + "17": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 17, + "paragraph": "OML OPEC OPL PSC PSP REMCO SEC TRCF TSR WTI", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + }, + "18": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 18, + "paragraph": "American Depositary Share Annual General Meeting American Petroleum Institute carbon capture and storage earnings on a current cost of supplies basis carbon dioxide Euro medium-term note earnings per share free cash flow final investment decision generally accepted accounting principles greenhouse gas health, safety, security and environment International Accounting Standard International Energy Agency International Financial Reporting Standard(s) International Association of Oil & Gas Producers International Petroleum Industry Environmental Conservation Association (global oil and gas industry association for environmental and socialissues) Long-term Incentive Plan Organisation for Economic Co-operation andDevelopment oil mining lease Organization of the Petroleum Exporting Countries oil prospecting licence production-sharing contract Performance Share Plan Remuneration Committee US Securities and Exchange Commission total recordable case frequency total shareholder return West Texas Intermediate", + "page": 2, + "start_index_page": 11, + "last_index_page": 18 + } + }, + "4": { + "19": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 19, + "paragraph": "\u201cShell\u2019s business strategy provides the continuity, resilience and growth we will need to deliver change: to play an essential role in the move to a cleaner, lower-carbon world.\u201d", + "page": 4, + "start_index_page": 19, + "last_index_page": 22 + }, + "20": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 20, + "paragraph": "\u201cWhen I look at Shell, I see people with high hopes and social commitment. We wholeheartedly support the goal of the Paris Agreement.\u201d", + "page": 4, + "start_index_page": 19, + "last_index_page": 22 + }, + "21": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 21, + "paragraph": "BEN VAN BEURDEN Chief Executive Officer", + "page": 4, + "start_index_page": 19, + "last_index_page": 22 + }, + "22": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 22, + "paragraph": "Shell Annual Report and Accounts 2019", + "page": 4, + "start_index_page": 19, + "last_index_page": 22 + } + }, + "5": { + "23": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 23, + "paragraph": "The Royal Dutch Shell plc Annual Report (this Report) serves as the Annual Report and Accounts in accordance with UK requirements for the year ended December 31, 2019, for Royal Dutch Shell plc (the Company) and its subsidiaries (collectively referred to as Shell). This Report presents the Consolidated Financial Statements of Shell (pages 190-238), the Parent Company Financial Statements of Shell (pages 258-265) and the Financial Statements of the Royal Dutch Shell Dividend Access Trust (pages 269-271). Except for these Financial Statements, the numbers presented throughout this Report may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figuresdue to rounding.", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + }, + "24": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 24, + "paragraph": "The financial statements contained in this Report have been prepared inaccordance with International Financial Reporting Standards (IFRS) asissued by the IASB. IFRS as defined above includes interpretations issued by the IFRS Interpretations Committee. Financial reporting termsused in this Report are in accordance with IFRS. ", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + }, + "25": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 25, + "paragraph": "This Report contains certain following forward-looking Non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to themost comparable GAAP financial measures is dependent on future events some of which are outside the control of the company, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide ameaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures inrespect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner whichisconsistent with the accounting policies applied in Royal DutchShell plc\u2019s financial statements. ", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + }, + "26": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 26, + "paragraph": "The companies in which Royal Dutch Shell plc directly or indirectly own investments are separate legal entities. In addition to the term \u201cShell\u201d, in this Report \u201cShell Group\u201d, \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d are also used to refer to the Company and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. \u201cSubsidiaries\u201d and \u201cShell subsidiaries\u201d refer to those entities over which the Company has control, either directly or indirectly. Entities and unincorporated arrangements over which Shell hasjoint control are generally referred to as \u201cjoint ventures\u201d and \u201cjoint operations\u201d, respectively. \u201cJoint ventures\u201d and \u201cjoint operations\u201d are collectively referred to as \u201cjoint arrangements\u201d. Entities over which Shell has significant influence but neither control nor joint control are referred toas \u201cassociates\u201d. The term \u201cShell interest\u201d is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in anentity or unincorporated joint arrangement, after exclusion of all thirdparty interest. Shell subsidiaries\u2019 data include their interests injointoperations.", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + }, + "27": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 27, + "paragraph": "This Report contains data and analysis from Shell\u2019s Sky scenario. UnlikeShell\u2019s previously published Mountains and Oceans exploratory scenarios, the Sky scenario is based on the assumption that society reaches the Paris Agreement\u2019s goal of holding the rise in global average temperatures this century to well below two degrees Celsius (2C) above pre-industrial levels. Unlike Shell\u2019s Mountains and Oceans scenarios which unfolded in an open-ended way based upon plausible assumptions and quantifications, the Sky scenario was specifically designed to reach the Paris Agreement\u2019s goal in a technically possible manner. These scenarios are a part of an ongoing process used in Shell for over 40 years to challenge executives\u2019 perspectives on the future business environment. They are designed to stretch management to consider even events that may only be remotely possible. Scenarios, therefore, are not intended to be predictions of likely future events or outcomes and investors should not rely on them when making an investment decision with regard to Royal Dutch Shell plc securities.", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + }, + "28": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 28, + "paragraph": "It is important to note that Shell\u2019s existing portfolio has been decades indevelopment. While we believe our portfolio is resilient under a wide range of outlooks, including the IEA\u2019s 450 scenario (World Energy Outlook 2016), it includes assets across a spectrum of energy intensities including some with above-average intensity. While we seek to enhance our operations\u2019 average energy intensity through both the development ofnew projects and divestments, we have no immediate plans to move to a net-zero emissions portfolio over our investment horizon of 10-20 years. Although we have no immediate plans to move to a net-zero emissions portfolio, in November of 2017, we announced our ambition to reduce ourNet Carbon Footprint in step with society\u2019s progress towards the ParisAgreement\u2019s goal of holding the rise in global average temperatures thiscentury to well below 2C above pre-industrial levels. Accordingly, assuming society aligns itself with the Paris Agreement\u2019s goals, we aim to reduce our Net Carbon Footprint, which includes not only our direct and indirect carbon emissions, associated with producing the energy products which we sell, but also our customers\u2019 emissions from their use of the energy products that we sell, by around 20% in 2035 and by around 50%in 2050.", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + }, + "29": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 29, + "paragraph": "Shell\u2019s \u201cNet Carbon Footprint\u201d referred to in this Report includes Shell\u2019s carbon emissions from the production of our energy products, our suppliers\u2019 carbon emissions in supplying energy for that production, and our customers\u2019 carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions but, to support society in achieving the Paris Agreement goals, we aim to help such suppliers and consumers to likewise lower their emissions. The use of the term Net Carbon Footprint\u201d is for convenience only and not intended to suggest these emissions are those of Shell or its subsidiaries.", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + }, + "30": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 30, + "paragraph": "Shell Annual Report and Accounts 2019Introduction", + "page": 5, + "start_index_page": 23, + "last_index_page": 30 + } + }, + "6": { + "31": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 31, + "paragraph": "Also see \u201cRisk factors\u201d on pages 27-36 for additional risks and further discussion. No assurance is provided that future dividend payments willmatch or exceed previous dividend payments. All forward-looking statements contained in this Report are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this Report. Neither the Company nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this Report. ", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + }, + "32": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 32, + "paragraph": "This Report contains references to Shell\u2019s website, the Shell Sustainability Report, Tax Contribution Report, Shell Industry Association Report and our report on Payments to Governments. These references are for the readers\u2019 convenience only. Shell is not incorporating by reference any information posted on www.shell.com or in the Shell Sustainability Report,Tax Contribution Report, Shell Industry Association Report andour report on Payments to Government.", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + }, + "33": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 33, + "paragraph": "Shell V-Power and Shell LiveWire are Shell trademarks.", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + }, + "34": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 34, + "paragraph": "DOCUMENTS ON DISPLAY This Report is also available, free of charge, at www.shell.com/ annualreport or at the offices of Shell in The Hague, the Netherlands andLondon, United Kingdom. Copies of this Report also may be obtained, free of charge, by mail. ", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + }, + "35": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 35, + "paragraph": "Except where indicated, the figures shown in the tables in this Report are in respect of subsidiaries only, without deduction of any non-controlling interest. However, the term \u201cShell share\u201d is used for convenience to refer tothe volumes of hydrocarbons that are produced, processed or sold through subsidiaries, joint ventures and associates. All of a subsidiary\u2019s production, processing or sales volumes (including the share of joint operations) are included in the Shell share, even if Shell owns less than 100% of the subsidiary. In the case of joint ventures and associates, however, Shell-share figures are limited only to Shell\u2019s entitlement. In allcases, royalty payments in kind are deducted from the Shell share.", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + }, + "36": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 36, + "paragraph": "Except where indicated, the figures shown in this Report are stated in USdollars. As used herein all references to \u201cdollars\u201d or \u201c$\u201d are to the UScurrency.", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + }, + "37": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 37, + "paragraph": "This Report contains forward-looking statements concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management\u2019s current expectations and assumptions and involve known and unknown risks anduncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management\u2019s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as \u201caim\u201d, \u201cambition\u201d, \u201canticipate\u201d, \u201cbelieve\u201d, \u201ccould\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cgoals\u201d, \u201cintend\u201d, \u201cmay\u201d, \u201cobjectives\u201d, \u201coutlook\u201d, \u201cplan\u201d, \u201cprobably\u201d, \u201cproject\u201d, \u201crisks\u201d, \u201cschedule\u201d, \u201cseek\u201d, \u201cshould\u201d, \u201ctarget\u201d, \u201cwill\u201d and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell\u2019s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of suchtransactions; (i) the risk of doing business in developing countries andcountries subject to international sanctions; (j) legislative, fiscal andregulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. ", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + }, + "38": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 38, + "paragraph": "Shell Annual Report and Accounts 2019", + "page": 6, + "start_index_page": 31, + "last_index_page": 38 + } + }, + "7": { + "39": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 39, + "paragraph": "Chair\u2019s message Chief Executive Officer\u2019s review Selected financial data Shell story Strategy and outlook Section 172(1) statement Risk factors Market overview Summary of results Performance indicators Integrated Gas Upstream Oil and gas information Downstream Corporate Liquidity and capital resources Environment and society Climate change and energy transition Our people", + "page": 7, + "start_index_page": 39, + "last_index_page": 41 + }, + "40": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 40, + "paragraph": "6 8 10 12 19 23 27 37 40 42 45 52 61 70 79 80 84 91 99 ", + "page": 7, + "start_index_page": 39, + "last_index_page": 41 + }, + "41": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 41, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 7, + "start_index_page": 39, + "last_index_page": 41 + } + }, + "8": { + "42": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 42, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 8, + "start_index_page": 42, + "last_index_page": 42 + } + }, + "9": { + "43": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 43, + "paragraph": "In 2019, we took significant steps to build trust through greater transparency. We published our Tax Contribution Report, detailing for thefirst time the corporate income tax we paid in countries and locations where we have a taxable presence. In our Industry Associations Climate Review, we assessed Shell\u2019s alignment with 19 industry associations on climate change, deciding to leave one of them as a result. In business, wewill only succeed if we stay in step with society and provide products our customers will buy.", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "44": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 44, + "paragraph": "In the coming years, as the urgency around climate change grows, our customers will want cleaner energy to power their homes, businesses, andtransport. We intend to move with them, investing in power from natural gas and renewable sources such as wind and solar, building charging networks for electric cars, developing lower-carbon biofuels thatwill notcompete with crops for land.", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "45": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 45, + "paragraph": "But global demand for energy is still growing, as population increases and more people seek a better quality of life. Among those seeking to improve their living standards are almost a billion who have no electricity supply at all, 2 billion who lack a toilet connected to a proper sewer system, and 785 million \u2013 around one-tenth of the world\u2019s population \u2013 who have noeasy access to safe drinking water. There is much more to be done, although we have also seen remarkable progress in improving lives. In 1900, the average newborn baby had a life expectancy of 32 years. Today, worldwide average life expectancy is 73 years. Access to energy played a part in this, for example reinforcing advances in health care by powering life-saving machinery, from refrigerators to store drugs through to incubators for newborn babies. ", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "46": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 46, + "paragraph": "As the world seeks to make more progress, renewable sources will meet agrowing share of rising energy demand, but the need for oil and gas willremain for decades to come. In Shell, as we shape our businesses todeliver more and cleaner energy, we must also continue to invest responsibly in developing conventional oil and gas resources. This generates billions of dollars in revenue, allowing us to reward our investors with dividends. Crucially, it also provides the financial muscle to invest in cleaner forms of energy. ", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "47": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 47, + "paragraph": "COMMUNITIES BENEFITING FROM OIL AND GAS Building that financial muscle often requires considerable ingenuity. In theNorth Sea off Scotland, for instance, we are developing some of themost difficult natural gas fields, such as Fram, operated by Shell and owned asa joint venture with Esso. By developing Fram, we can unlock the full potential of other fields too. Discovered in 1969, Fram was left undeveloped for more than 50 years because there seemed to be no cost-effective way to produce its resources. Until now. To keep costs down, Shell intends to turn a field reaching the last of its gas, Starling, into a staging post. An underwater pipeline laid in 2019 will start taking 41 million standard cubic feet of natural gas a day, plus condensates, fromFram toStarling. From Starling, it can flow through an existing pipeline to our Shearwater platform, before coming ashore at our StFergus gas plant.", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "48": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 48, + "paragraph": "As the world changes, it challenges us all to make choices. We canstay the same and risk being left behind. Or we can change, while building on what we know is long-lasting and valuable.", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "49": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 49, + "paragraph": "In 2019, people all over the world, many of them very young, demanded change. They demanded urgent action to protect the climate: change to our lifestyles, change to how the world produces and uses energy. As John F. Kennedy said, \u201cTime and the world do not stand still. Change is the law of life.\u201d He added a vital point for anyone wanting to thrive in such a world: \u201cThose who look only to the past or the present are certain to missthe future.\u201d", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "50": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 50, + "paragraph": "In business, the smartest way to change is to build on your strengths, not abandon them. Shell\u2019s business strategy provides the continuity, resilience and growth we will need to deliver change: to play an essential role in the move to a cleaner, lower-carbon world. We are working to become one ofthe world\u2019s best investment cases. We must also keep making a positive contribution to people\u2019s lives, to maintain what we call our strong societal licence to operate. By getting this right, we will seek to thrive through the transition to a lower-carbon future. We will always abide by our core values \u2013 honesty, integrity, and respect for people. Our belief in trust, andthe need to nurture it, will also stay as strong as ever.", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + }, + "51": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 51, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 9, + "start_index_page": 43, + "last_index_page": 51 + } + }, + "10": { + "52": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 52, + "paragraph": "\u201cThose who look only to the past or the present are certain to miss the future.\u201d", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "53": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 53, + "paragraph": "OUR NORTH SEA OPERATIONSHELPSUPPORT", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "54": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 54, + "paragraph": "The Shearwater platform in the UK North Sea is now expectedtobe able to keep supplying energy into the 2030s.", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "55": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 55, + "paragraph": "INVESTING IN POWERFROM RENEWABLE SOURCES", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "56": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 56, + "paragraph": "Shell has invested in the Silicon Ranch Corporation, a US solar power generator. ", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "57": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 57, + "paragraph": "HELPING DESIGN WORLD\u2019S FIRST VESSEL TO TRANSPORT LIQUEFIED HYDROGEN AT", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "58": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 58, + "paragraph": "The Suiso Frontier is expected to be the first ship totransportliquefiedhydrogen across oceans.", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "59": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 59, + "paragraph": "This should also help secure Shearwater\u2019s future, allowing it to keep supplyingthe UK with energy into the 2030s. Local communities stand tobenefit. Our North Sea oil and gas operations employ 1,000 people directly, but generate economic activity that supports a further 28,000 jobs outside Shell [A].", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "60": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 60, + "paragraph": "In Nigeria, gas from our Assa North field, which is expected to start production around 2022, will improve the reliability of the country\u2019s electricity supplies. Nearby communities are already benefiting from a Shell programme that has so far helped more than 11,000 local children and adults get free health care.", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "61": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 61, + "paragraph": "These are just two examples of how Shell delivers the oil and gas needed to strengthen economies and offer opportunities for local people. But as we focus on delivering today, we must be sure not to miss the future.", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "62": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 62, + "paragraph": "TAPPING THE POTENTIAL OF HYDROGEN Hydrogen, for example, could play a vital role in helping the move towards a lower-carbon world. Hydrogen can be extracted using the electricity generated by wind and solar power. It can then be stored, ready to be converted back to electricity with only one by-product, water. Shell is already working to increase the use of hydrogen, for example withrefuelling sites for hydrogen-powered vehicles in Europe and North America. But we would like to open up more possibilities for using hydrogen, across heating, power and transport, helping it to become asignificant fuel of the future. ", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "63": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 63, + "paragraph": "We are contributing to the development of a ship called the Suiso Frontier, which launched in December 2019, in Kobe, Japan. By 2021 it is expected to be the world\u2019s first vessel to transport liquefied hydrogen across oceans, at temperatures of minus-253 Celsius. ", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "64": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 64, + "paragraph": "Shell is working with Kawasaki Heavy Industries and others to design thetank holding the liquefied hydrogen and develop further novel technologies for the ship. Those we have consulted include the USA\u2019s National Aeronautics and Space Administration (NASA). They know howto handle liquefied hydrogen. They use it as rocket fuel. ", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "65": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 65, + "paragraph": "The Suiso Frontier is expected to allow us to develop and demonstrate thetechnologies needed for a commercial-scale hydrogen supply chain by around 2030. It shows the critical importance of technology \u2013 one ofShell\u2019s core strengths \u2013 in the energy transition. By building on our strengths while embracing change as \u201cthe law of life\u201d, we can help address those calls for more urgent action on climate change. With moreand cleaner energy, we can make a better future. ", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "66": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 66, + "paragraph": "[A] University of Strathclyde Fraser of Allander Institute and Aberdeen & Grampian ", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + }, + "67": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 67, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 10, + "start_index_page": 52, + "last_index_page": 67 + } + }, + "11": { + "68": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 68, + "paragraph": "CHIEF EXECUTIVE OFFICER\u2019S REVIEW", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "69": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 69, + "paragraph": "INVESTING FOR THE FUTURE, DELIVERING TODAY", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "70": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 70, + "paragraph": "SAFETY I am, however, deeply saddened that seven people died while working for Shell in 2019. This is unacceptable. Each death inflicts unimaginable grief on the bereaved family. In Shell, work colleagues mourn. Every person lost is a tragedy. When it comes to safety, we have much more to do. We have responded by introducing a new approach alongside our continuing efforts to review and improve accident-prevention procedures whereverpossible. ", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "71": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 71, + "paragraph": "Our new approach acknowledges that people occasionally make mistakes, and that sometimes the dangerous and unexpected happens even after you follow every safety procedure.", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "72": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 72, + "paragraph": "This is not to make excuses. It is to be realistic, and to enable us to do more about it. We can look more closely at how people perform in the moment when things go wrong: when they make mistakes, or processes fail. We can train our people to be even better at dealing with the unexpected. This is demanding, but we want to get to a place where even if there is anincident, everyone emerges unhurt. They go home, alive and well, totheir family.", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "73": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 73, + "paragraph": "CLIMATE CHANGE I believe Shell has a constructive approach to the greatest global challenge of our times. In 2019, many protested about climate change, sometimes directly targeting Shell. This may feel uncomfortable, but the spotlight thrown on Shell also gives us an opportunity to explain to a wider audience how we can be an important part of the solution. Perhapsthis starts with acknowledging our common humanity. WhenIlook at climate change protesters, I see people who, in the overwhelming majority, act from a wholly justified determination to safeguard our planet. I share many of their frustrations that some thingsdonot seem to be moving fast enough. ", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "74": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 74, + "paragraph": "I welcome all peaceful efforts to encourage society to shift towards lower-carbon energy, as it must. And when I look at Shell, I see people with equally high hopes and social commitment. We wholeheartedly support the goal of the Paris Agreement to limit the global average temperature rise to well below two degrees Celsius above pre-industrial levels. We also know the energy transition is unfolding, and we must bepart of it if we are to survive as a business. As I have often said, thosecompanies that do not stay in step with society will be left behind.Those who are not trusted will be left behind too. Shell mustandwill be transparent. ", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "75": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 75, + "paragraph": "In 2019, for example, we published our first Tax Contribution Report, detailing the corporate income tax we paid in countries and locations where we have a taxable presence. We also published our Industry Associations Climate Review, leaving one group because its position onclimate change diverged too much from ours.", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "76": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 76, + "paragraph": "BEN VAN BEURDEN Chief Executive Officer ", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "77": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 77, + "paragraph": "In a tough year, Shell demonstrated its resilience by delivering credible results on several fronts. We made progress in the face of economic headwinds such as low oil and gas prices, limited global growth, and reduced chemical and refining margins.", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "78": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 78, + "paragraph": "Our cash flow from operating activities was strong compared to our industry peers, at $42.2 billion. We distributed more than $25 billion toshareholders: $15.2 billion in dividends, and $10.2 billion in share buybacks. By the end of January 2020, we had delivered $14.75 billion ofour $25 billion buyback programme, which began in 2018.", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "79": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 79, + "paragraph": "The headwinds did contribute to some negative factors in our financial performance. Gearing increased from 20% to 29%, which is equivalent to 25% on an IAS 17 accounting basis. Income was $16.4 billion, down from $23.9 billion in 2018. Earnings on a current cost of supplies (CCS) basis were $15.8 billion, down from $24.4 billion in 2018.", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "80": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 80, + "paragraph": "Overall, though, Shell\u2019s financial foundations remained strong. We continued to show financial discipline by limiting our cash capital expenditure to $24 billion, at the lower end of the range that we saidwewould spend. We improved the resilience and quality ofourportfolio by making around $5 billion-worth of divestments. ", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + }, + "81": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 81, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 11, + "start_index_page": 68, + "last_index_page": 81 + } + }, + "12": { + "82": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 82, + "paragraph": "In 2019, Shell published its first Tax Contribution Report.", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "83": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 83, + "paragraph": "Shell UK is working with Forestry and Land Scotland to preserve and extend the ancient forest of Glengarry, in the Scottish Highlands.", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "84": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 84, + "paragraph": "OUR STRATEGY Shell\u2019s strategy sets out our three clear ambitions: to thrive in the energy transition, provide a world-class investment case, and sustain a strong societal licence to operate. In 2019, to help achieve all three ambitions, werefreshed our strategy to focus more strongly on developing our Powerbusiness. ", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "85": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 85, + "paragraph": "If the world is to tackle climate change, it must consume more of itsenergyin the form of electricity. This is a huge potential growth opportunity for Shell, one we are well positioned to seize. Shell has the brand, the global presence, the retail and marketing expertise that you need when buying and selling electricity and interacting with customers. We are a worldwide supplier of natural gas, a cleaner alternative to coalfor electricity generation.", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "86": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 86, + "paragraph": "We are actively seeking to increase our investments in renewable power. In 2019, for example, Shell acquired ERM Power, one of Australia\u2019s leading commercial and industrial electricity retailers.", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "87": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 87, + "paragraph": "We continued to work towards delivering on our Net Carbon Footprint ambition to cut the intensity of the greenhouse gas emissions of the energy products we sell by around 50% by 2050, and as an interim step by 20% by 2035. ", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "88": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 88, + "paragraph": "As part of this ambition, we launched a worldwide programme that uses trees and other plants to remove carbon dioxide from the atmosphere. Wewill be protecting, planting or regenerating forests, grasslands and wetlands, in what we call our nature-based solutions programme. Carbon-neutral driving schemes are allied to this. Motorists in the Netherlands and the UK can now offset their fuel emissions by having Shell purchase nature-based carbon credits on their behalf. ", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "89": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 89, + "paragraph": "While investing for the future, we must also meet the energy demand oftoday. Our core oil and gas business delivered significant projects in2019. In March, production started at our Appomattox floating production system in the Gulf of Mexico, which is expected to produce 175,000 barrels of oil equivalent a day at its peak. In June, the first shipment ofliquefied natural gas left the Prelude floating liquefied naturalgas facility off Australia.", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "90": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 90, + "paragraph": "As we look forward to 2020 and beyond, we must be firm in our belief that our business strategy is sound and our financial foundations strong. We believe Shell\u2019s underlying resilience will stand us in good stead for thechallenges to come.", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "91": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 91, + "paragraph": "BEN VAN BEURDEN Chief Executive Officer ", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "92": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 92, + "paragraph": "Production has started at Shell\u2019s Appomattox deep-water asset in the US Gulf of Mexico.", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + }, + "93": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 93, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 12, + "start_index_page": 82, + "last_index_page": 93 + } + }, + "13": { + "94": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 94, + "paragraph": "SELECTED FINANCIAL DATA", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "95": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 95, + "paragraph": "The selected financial data set out below are derived, in part, from the \u201cConsolidated Financial Statements\u201d. These data should be read in conjunction with the \u201cConsolidated Financial Statements\u201d and related Notes, as well as with this Strategic Report. ", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "96": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 96, + "paragraph": "Consolidated Statement of Income and of Comprehensive Income data 344,877", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "97": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 97, + "paragraph": "Income for the period ($ million)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "98": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 98, + "paragraph": "Income attributable tonon- controlling interest ($ million)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "99": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 99, + "paragraph": "Income attributable to RoyalDutchShell plc shareholders($ million)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "100": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 100, + "paragraph": "Comprehensive income attributableto Royal Dutch Shellplc shareholders ($ million)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "101": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 101, + "paragraph": "$ million Revenue Income for the period Income attributable to non-controlling interest Income attributable to Royal Dutch Shell plc shareholders Comprehensive income/(loss) attributable to Royal Dutch Shell plc shareholders", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "102": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 102, + "paragraph": "2019 344,877 16,432 590 15,842 13,773", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "103": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 103, + "paragraph": "2018 388,379 23,906 554 23,352 24,475", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "104": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 104, + "paragraph": "2017 305,179 13,435 458 12,977 18,828", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "105": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 105, + "paragraph": "2016 233,591 4,777 202 4,575 (1,374)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "106": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 106, + "paragraph": "2015 264,960 2,200 261 1,939 (811)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "107": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 107, + "paragraph": "Consolidated Balance Sheet data 404,336", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "108": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 108, + "paragraph": "Equity attributable to RoyalDutchShell plc shareholders($ million)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "109": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 109, + "paragraph": "Non-controlling interest ($ million)", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "110": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 110, + "paragraph": "$ million Total assets Total debt Share capital Equity attributable to Royal Dutch Shell plc shareholders Non-controlling interest", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "111": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 111, + "paragraph": "2019 404,336 96,424 657 186,476 3,987", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "112": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 112, + "paragraph": "2018 399,194 76,824 685 198,646 3,888", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "113": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 113, + "paragraph": "2017 407,097 85,665 696 194,356 3,456", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "114": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 114, + "paragraph": "2016 411,275 92,476 683 186,646 1,865", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "115": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 115, + "paragraph": "2015 340,157 58,379 546 162,876 1,245", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + }, + "116": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 116, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 13, + "start_index_page": 94, + "last_index_page": 116 + } + }, + "14": { + "117": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 117, + "paragraph": "Consolidated Statement of Cash Flows data 42,178 ", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "118": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 118, + "paragraph": "Cash flow from operating activities($ million)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "119": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 119, + "paragraph": "Capital expenditure ($ million) ", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "120": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 120, + "paragraph": "Cash flow from investing activities($ million)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "121": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 121, + "paragraph": "Cash dividends paid to Royal Dutch Shell plc shareholders ($ million)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "122": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 122, + "paragraph": "Repurchases of shares ($ million)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "123": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 123, + "paragraph": "$ million Cash flow from operating activities Capital expenditure Cash flow from investing activities Cash dividends paid to Royal Dutch Shell plc shareholders Repurchases of shares", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "124": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 124, + "paragraph": "2019 42,178 22,971 15,779 15,198 10,188", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "125": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 125, + "paragraph": "2018 53,085 23,011 13,659 15,675 3,947", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "126": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 126, + "paragraph": "2017 35,650 20,845 8,029 10,877 \u2013", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "127": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 127, + "paragraph": "2016 20,615 22,116 30,963 9,677 \u2013", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "128": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 128, + "paragraph": "2015 29,810 26,131 22,407 9,370 409", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "129": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 129, + "paragraph": "Basic earnings per \u20ac0.07ordinaryshare ($)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "130": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 130, + "paragraph": "Diluted earnings per \u20ac0.07ordinary share ($)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "131": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 131, + "paragraph": "$ Basic earnings per \u20ac0.07 ordinary share Diluted earnings per \u20ac0.07 ordinary share", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "132": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 132, + "paragraph": "Basic weighted average number ofA and B shares (million)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "133": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 133, + "paragraph": "Diluted weighted average number of A and B shares (million)", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "134": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 134, + "paragraph": "Million Basic weighted average number of A and B shares Diluted weighted average number of A and B shares", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + }, + "135": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 135, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 14, + "start_index_page": 117, + "last_index_page": 135 + } + }, + "15": { + "136": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 136, + "paragraph": "Shell is a global group of energy and petrochemical companies with 83,000 employees in more than 70 countries. We have expertise in the exploration, production, refining andmarketing of oil andnatural gas, and the manufacturing and marketing of chemicals. We use advanced technologies and take an innovative approach to help build asustainable energy future. We also invest in power, including from low-carbon sourcessuch aswind and solar; andnew fuels for transport, such as advanced biofuelsand hydrogen.", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "137": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 137, + "paragraph": "The rising standard of living of a growing global population is likely to continue to drive demand for energy, including oil and gas, for years to come. At the same time, technological changes and the need to tackle climate change mean there is a transition under wayto a lower-carbon, multi-source energy system with increasingcustomer choice.", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "138": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 138, + "paragraph": "Our stakeholders include: Our investor community Our customers Our employees/pensioners Our strategic partners/suppliers Communities Governments/NGOs/regulators", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "139": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 139, + "paragraph": "See \u201cSection 172(1) statement\u201d on pages 23-26, \u201cEnvironment and society\u201d on pages 84-90, \u201cOur people\u201d onpages 99-101 and \u201cGovernance\u201d on pages 104-171. For more detailed discussions around our context andstakeholders.", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "140": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 140, + "paragraph": "Our Purpose We power progress together by providing more and cleaner energy solutions.", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "141": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 141, + "paragraph": "See \u201cStrategy and outlook\u201d on page 19 for more detailed discussion around our purpose.", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "142": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 142, + "paragraph": "Our Core Values Honesty Integrity Respect for people The Shell General Business Principles, Code of Conduct, and Code of Ethics help everyone at Shell act in line with these values and comply with relevant laws and regulations. We also strive to build and maintain a diverse and inclusive culture within our company.", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "143": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 143, + "paragraph": "See \u201cOur people\u201d on pages 99-101 for more detailed discussion around our core values.", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + }, + "144": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 144, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 15, + "start_index_page": 136, + "last_index_page": 144 + } + }, + "16": { + "145": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 145, + "paragraph": "Our strategic ambitions", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "146": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 146, + "paragraph": "Thrive in the energy transition", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "147": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 147, + "paragraph": "to thrive in the energy transition by responding to society\u2019sdesire for more and cleaner, convenient andcompetitive energy;", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "148": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 148, + "paragraph": "to provide a world-class investment case. Thisinvolves growing organic free cash flow andincreasing returns, allbuilt upon a strong financial framework and resilient portfolio; and", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "149": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 149, + "paragraph": "Strong licence to operate", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "150": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 150, + "paragraph": "to sustain a strong societal licence to operate and make apositive contribution to society through our activities.", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "151": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 151, + "paragraph": "See \u201cStrategy and outlook\u201d on page 20 for more detailed discussion around our strategic ambitions.", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "152": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 152, + "paragraph": "Our strategy by theme Core Upstream themes", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "153": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 153, + "paragraph": "Leading Transition themes", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "154": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 154, + "paragraph": "Conventional Oil and Gas", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "155": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 155, + "paragraph": "See \u201cStrategy and outlook\u201d onpage 21 for more detaileddiscussion around ourstrategic themes.", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "156": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 156, + "paragraph": "Our strategy is to strengthen our position as a leading energycompanyby providing oil, gas and low-carbon energyastheworld\u2019senergy system transforms. Safety and socialresponsibilityare fundamental to our business approach.", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + }, + "157": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 157, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 16, + "start_index_page": 145, + "last_index_page": 157 + } + }, + "17": { + "158": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 158, + "paragraph": "We aim to meet the world\u2019s growing need for more and cleanerenergy solutions in ways that are economically, environmentally and socially responsible.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "159": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 159, + "paragraph": "We seek to create shareholder value by: \u25a0 exploring for crude oil and natural ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "160": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 160, + "paragraph": " \u25a0 developing new crude oil and natural ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "161": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 161, + "paragraph": "gas supplies from major fields and extracting bitumen from oil sands;", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "162": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 162, + "paragraph": " \u25a0 cooling natural gas to produce liquefiednatural gas (LNG) and converting gas to liquids (GTL); supplying and trading oil, gas and otherenergy-related products, such aselectricity and carbon-emissions rights; and", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "163": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 163, + "paragraph": " \u25a0 having a portfolio of refineries and ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "164": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 164, + "paragraph": "chemical plants producing a wide range of products including gasoline, diesel, aviation and marine fuel, lubricants andpetrochemicals.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "165": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 165, + "paragraph": "The integration of our businesses is one ofourcompetitive advantages, allowing optimisations across our global portfolio.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "166": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 166, + "paragraph": "See page 16 for more detaileddiscussion around ourBusiness Model.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "167": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 167, + "paragraph": "Average capital employed ($ million) ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "168": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 168, + "paragraph": "Cash capital expenditure ($ million) ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "169": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 169, + "paragraph": " Read more in \u201cPerformance indicators\u201d on pages 42-44 and\u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "170": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 170, + "paragraph": "Refinery and chemical plantavailability", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "171": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 171, + "paragraph": "Project delivery on schedule ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "172": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 172, + "paragraph": "Project delivery on budget Read more in \u201cPerformance indicators\u201d on pages 42-44.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "173": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 173, + "paragraph": "Investments in research anddevelopment ($ million) ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "174": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 174, + "paragraph": "Patents [B] Read more in \u201cTechnology and Innovation\u201d on page 18.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "175": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 175, + "paragraph": "[A] In 2019 except stated otherwise. ", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "176": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 176, + "paragraph": "Training days Read more in \u201cOur people\u201d onpages99-101.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "177": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 177, + "paragraph": "Relationships Customers Joint arrangements Governments relations Suppliers", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "178": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 178, + "paragraph": "Operating countries [B] Read more in \u201cSection 172(1) statement\u201d on pages 23-26, \u201cEnvironment and society\u201d on pages84-90 and \u201cGovernance\u201d onpages 104-171.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "179": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 179, + "paragraph": "Natural resources 11,096", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "180": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 180, + "paragraph": "Proved oil and gas reserves (millionboe) [B]", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "181": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 181, + "paragraph": "Oil and gas production available for sale (million boe)", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "182": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 182, + "paragraph": "Fresh water withdrawn (million cubic metres) Read more in \u201cOil and gas information\u201d on pages 61-69 and \u201cEnvironment and society\u201d on pages 84-90.", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + }, + "183": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 183, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 17, + "start_index_page": 158, + "last_index_page": 183 + } + }, + "18": { + "184": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 184, + "paragraph": "Thriving in the energy transition Energy transition and climate change 78 Net Carbon Footprint (grams of CO2 equivalent permegajoule)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "185": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 185, + "paragraph": "Direct greenhouse gas (GHG) emissions (million tonnes of CO2equivalent)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "186": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 186, + "paragraph": "Strong licence to operate Environmental impacts 0.2 70", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "187": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 187, + "paragraph": "Operational spills ofmorethan 100kg", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "188": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 188, + "paragraph": "Weight of operational spills (in\u2018000 tonnes)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "189": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 189, + "paragraph": " Read more in \u201cClimate change and energy transition\u201d on pages 91-98.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "190": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 190, + "paragraph": " Read more in \u201cEnvironment and society\u201d on pages 84-90. ", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "191": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 191, + "paragraph": "World-class investment case Financial performance 6.7%", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "192": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 192, + "paragraph": "Return on average capital employed (ROACE)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "193": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 193, + "paragraph": "Shareholder distribution ($ million)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "194": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 194, + "paragraph": " Read more in \u201cPerformance indicators\u201d on pages 42-44 and \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "195": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 195, + "paragraph": "Resilience of business model 26,399 29.3%", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "196": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 196, + "paragraph": " Read more in \u201cPerformance indicators\u201d on pages 42-44 and\u201cLiquidity and capital resources\u201d on pages 80-83.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "197": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 197, + "paragraph": "Shell Catalysts & Technologies staff in Port Allen, Louisiana, USA.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "198": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 198, + "paragraph": "Trust and Transparency 47.5", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "199": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 199, + "paragraph": "Shell Global Helpline (reports to the helpline)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "200": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 200, + "paragraph": "Publication of the first Shell Tax Contribution Report", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "201": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 201, + "paragraph": " Read more in \u201cCorporate\u201d on page 79 and \u201cOur people\u201d onpages99-101.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "202": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 202, + "paragraph": "Health, Safety and Security 0.9", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "203": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 203, + "paragraph": "Total recordable case frequency (injuries per millionworking hours)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "204": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 204, + "paragraph": "Operational Tier 1 and 2 process safety events", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "205": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 205, + "paragraph": " Read more in \u201cEnvironment and society\u201d on pages 84-90.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "206": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 206, + "paragraph": "Contribution to countries of operation 61.3", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "207": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 207, + "paragraph": "Taxes paid and collected($ billion)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "208": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 208, + "paragraph": "Total spend on goods andservices ($ billion)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "209": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 209, + "paragraph": " Read more in \u201cEnvironment and society\u201d on pages 84-90.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "210": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 210, + "paragraph": "Women in senior leadershippositions [B]", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "211": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 211, + "paragraph": "Average employee engagement score (points)", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "212": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 212, + "paragraph": " Read more in \u201cOur people\u201d on pages 99-101.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "213": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 213, + "paragraph": "[A] In 2019 except stated otherwise. ", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "214": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 214, + "paragraph": " [C] Source: Brand Finance Global 500 2020 Report.", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + }, + "215": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 215, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 18, + "start_index_page": 184, + "last_index_page": 215 + } + }, + "19": { + "216": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 216, + "paragraph": "SHELL STORY: WHAT WE DO continued", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "217": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 217, + "paragraph": "OUR BUSINESS MODEL EXPLAINED Business activities", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "218": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 218, + "paragraph": "Exploration 1. Exploring for oil and gas ", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "219": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 219, + "paragraph": "Development and extraction 2. Developing onshore and offshore \ufb01elds 3. Producing conventional, deep-water ", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "220": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 220, + "paragraph": "4. Capturing carbon dioxide and storing ", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "221": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 221, + "paragraph": "Manufacturing and energy production 6. Upgrading bitumen 7. Re\ufb01ning oil into fuels and ", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "222": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 222, + "paragraph": "8. Producing gas-to-liquids", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "223": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 223, + "paragraph": "9. Producing petrochemicals 10. Producing biofuels 11. Generating renewable power 12. Producing lique\ufb01ed natural ", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "224": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 224, + "paragraph": "Sales and marketing 19. Supplying domestic electricity 20. Supplying products to businesses, including gas for cooking, heating and electrical power 21. Progressing electric vehicle and hydrogen 22. Providing mobility solutions for customers, 23. Supplying aviation fuel", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "225": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 225, + "paragraph": "including fuels and lubricants", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "226": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 226, + "paragraph": "refuelling infrastructure", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "227": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 227, + "paragraph": "Technical and business services 24. Researching and developing new technology solutions 25. Managing the delivery of major projects 26. Providing technical and ", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "228": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 228, + "paragraph": "Transport and trading 13. Shipping gas to where it is needed 14. Shipping oil to where it is needed 15. Trading oil and gas 16. Supply and distribution of LNG 17. Regasifying LNG 18. Trading power", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "229": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 229, + "paragraph": "for transport applications", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + }, + "230": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 230, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 19, + "start_index_page": 216, + "last_index_page": 230 + } + }, + "20": { + "231": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 231, + "paragraph": "Organisation We describe below how our activities are organised. Integrated Gas, Upstreamand Downstream focus on our seven strategic themes (see \u201cStrategy and outlook\u201d on page 21). Our Projects & Technology organisation manages thedelivery of Shell\u2019s major projects and drives research and innovation to developnew technology solutions.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "232": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 232, + "paragraph": " Integrated Gas (includingNewEnergies)", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "233": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 233, + "paragraph": "This organisation covers two strategic themes: Integrated Gas, whichisa Leading Transition theme; and New Energies, which includestheEmerging Power theme.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "234": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 234, + "paragraph": "Integrated Gas manages LNG activities and the conversion of natural gas into GTL fuels and other products. It includes natural gas exploration and extraction, and the operation of upstream and midstream infrastructure necessary to deliver gas to market. It markets and trades natural gas, LNG, electricity and carbon-emission rights and also markets and sells LNG as a fuel for heavy-duty vehicles and marine vessels.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "235": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 235, + "paragraph": "In New Energies, we are exploring emerging opportunities and investing in those where we believe sufficient commercial value is available. We focus on new fuels for transport, such as advanced biofuels, hydrogen and charging for battery-electric vehicles; and power, including from natural gas and low-carbon sources such aswind and solar.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "236": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 236, + "paragraph": "Our Upstream organisation covers the core Upstream themes: Conventional Oil and Gas, Deep Water and Shales.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "237": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 237, + "paragraph": "It manages the exploration for and extraction of crude oil, natural gas and natural gas liquids. It also markets and transports oil and gas, andoperates infrastructure necessary to deliver them to market.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "238": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 238, + "paragraph": "Painting Shell\u2019s logo, the Pecten.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "239": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 239, + "paragraph": "Our Downstream organisation comprises two strategic themes: Oil Products and Chemicals, both of which are Leading Transition themes.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "240": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 240, + "paragraph": "It manages different Oil Products and Chemicals activities as part of an integrated value chain, that trades and refines crude oil, and other feedstocks into a range of products which are moved and marketed around the world for domestic, industrial and transport use. The products we sell include gasoline, diesel, heating oil, aviation fuel, marine fuel, biofuel, lubricants, bitumen and sulphur. We also produceand sell petrochemicals for industrial use worldwide. OurDownstream organisation also manages Oil Sands activities (theextraction of bitumen from mined oil sands and its conversion intosynthetic crude oil).", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "241": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 241, + "paragraph": "Our Projects & Technology organisation manages the delivery of ourmajor projects and drives research and innovation to develop new technology solutions. It provides technical services and technology capability for our Integrated Gas, Upstream and Downstream activities. It is also responsible for providing functional leadership across Shell in the areas of safety and environment, contracting and procurement, wells activities and greenhouse gas management.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "242": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 242, + "paragraph": "Our future hydrocarbon production depends on the delivery of largeand integrated projects (see \u201cRisk factors\u201d on pages 27-36). Systematic management of life-cycle technical and non-technical risks is in place for each opportunity, with assurance and control activities embedded throughout the project life cycle. We focus on the cost-effective delivery of projects through commercial agreements, supply-chain management, and construction and engineering productivity througheffective planning and simplification of delivery processes. Development of our employees\u2019 project management competencies isunderpinned by project principles, standards and processes. Adedicated competence framework, training, standards and processes exist for various technical disciplines. We also providegovernance support for our non-Shell-operated venturesorprojects.", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + }, + "243": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 243, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 20, + "start_index_page": 231, + "last_index_page": 243 + } + }, + "21": { + "244": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 244, + "paragraph": "SHELL STORY: WHAT WE DO continued", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "245": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 245, + "paragraph": "Our reporting segments are Integrated Gas, Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream (managed by our Upstream organisation) and Oil Sands (managed by our Downstream organisation), which have similar economic characteristics. Integrated Gas, Upstream and Downstream include their respective elements of our Projects & Technology organisation. The Corporate segment comprises our holdings and treasury organisation, self-insurance activities, and headquarters andcentral functions. See Note 4 to the \u201cConsolidated Financial Statements\u201d on pages 206-208.", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "246": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 246, + "paragraph": "With effect from 2020, our reporting segments were amended with the change in the way the CEO reviews and assesses performance ofthe group and consist of Integrated Gas, Upstream, Oil Products, Chemicals and Corporate.", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "247": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 247, + "paragraph": "Revenue by business segment (including inter-segment sales)", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "248": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 248, + "paragraph": "Revenue by geographical area (excluding inter-segment sales)", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "249": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 249, + "paragraph": "Europe Asia, Oceania, Africa USA Other Americas Total", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "250": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 250, + "paragraph": "2019 98,455 139,916 83,212 23,294 344,877", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "251": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 251, + "paragraph": "2018 118,960 153,716 89,876 25,827 388,379", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "252": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 252, + "paragraph": "$ million 2017 100,609 114,683 66,854 23,033 305,179", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "253": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 253, + "paragraph": "In 2019, research and development expenses were $962 million, compared with $986 million in 2018, and $922 million in 2017. Our main technology centres are in India, the Netherlands and the USA, with other centres in Brazil, China, Germany, Oman, and Qatar. A strong patent portfolio underlies the technology that we employ in ourvarious businesses. In total, we have around 9,449 granted patentsand pending patent applications.", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "254": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 254, + "paragraph": "Integrated Gas Third parties Inter-segment Total Upstream Third parties Inter-segment Total Downstream Third parties Inter-segment Total Corporate Third parties Total", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "255": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 255, + "paragraph": "Technology and Innovation", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "256": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 256, + "paragraph": "Technology and innovation are essential to our efforts to meet the world\u2019senergy needs in a competitive way. If we do not develop therighttechnology, do not have access to it or do not deploy it effectively, this could have a material adverse effect on the delivery ofour strategy and our licence to operate (see \u201crisk factors\u201d on pages 27-36). We continuously look for technologies and innovations of potential relevance to our business. Our Chief Technology Officer oversees the development and deployment of new and differentiating technologies and innovations across Shell, seeking to align business and technology requirements throughout our technology maturationprocess.", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + }, + "257": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 257, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 21, + "start_index_page": 244, + "last_index_page": 257 + } + }, + "22": { + "258": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 258, + "paragraph": "OUR STRATEGY Shell\u2019s purpose is to power progress together byproviding more and cleaner energy solutions.", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + }, + "259": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 259, + "paragraph": "FPSO P68, Offshore Brazil. Photo from Petrobras.", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + }, + "260": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 260, + "paragraph": "Our strategy is to strengthen our position as aleading energy company by providing oil, gas and low-carbon energy products and services as the world\u2019s energy system transforms. Safety andsocial responsibility are fundamental to our business approach. Shellwill only succeed by working collaboratively with customers, governments, business partners, investors and other stakeholders. ", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + }, + "261": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 261, + "paragraph": "Our strategy is founded on our outlook for the energy sector and the chance to grasp the opportunities arising from the substantial changes inthe world around us. The rising standard of living of a growing global population is likely to continue to drive demand for energy for years to come. The world will need to find a way to meet this growing demand, while transitioning to a lower-carbon energy system to counter climate change. While liquid and gaseous fuels, including biofuels and hydrogen, will continue to be an important part of the energy mix, over time electricity needs to play a bigger part in the world if it is to meet the goalsof the Paris Agreement. Technological advances and the need totackle climate change mean there is a transition under way to a lower-carbon, multi-source energy system with increasing customer choice.We recognise that the pace and the path forward are uncertainand so require agile decision-making.", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + }, + "262": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 262, + "paragraph": " \u201cWe know the energy transition is unfolding, and we must be part of it if we are to survive as a business. Those companies that do not stay in step with society will be left behind.\u201d", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + }, + "263": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 263, + "paragraph": "BEN VAN BEURDEN Chief Executive Officer", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + }, + "264": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 264, + "paragraph": "The field of the future: One of Shell\u2019s iShale well pads is fully solar-powered, and able to run for 14 days with no sun. Permian Basin, USA.", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + }, + "265": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 265, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 22, + "start_index_page": 258, + "last_index_page": 265 + } + }, + "23": { + "266": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 266, + "paragraph": "STRATEGY AND OUTLOOK continued", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "267": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 267, + "paragraph": "Our strategic ambitions Against this backdrop, we have the following strategic ambitions to guide us in pursuing our purpose:", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "268": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 268, + "paragraph": "Thrive in the energy transition", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "269": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 269, + "paragraph": "to thrive in the energy transition by responding to society\u2019sdesire for more and cleaner, convenient andcompetitive energy;", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "270": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 270, + "paragraph": "to provide a world-class investment case. Thisinvolves growing organic free cash flow andincreasing returns, allbuilt upon a strong financial framework and resilient portfolio; and", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "271": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 271, + "paragraph": "Strong licence to operate", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "272": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 272, + "paragraph": "to sustain a strong societal licence to operate and make apositive contribution to society through our activities.", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "273": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 273, + "paragraph": "The execution of our strategy is founded on becoming a more customer-centric and simpler, more streamlined organisation, focusedon growing returns and organic free cash flow. By investing in competitive projects, delivering increases in cash flow from operations, and driving down costs, we are continually reshaping our portfolio tobecome a more resilient and focused company.", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "274": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 274, + "paragraph": "Our ability to achieve our strategic ambitions depends on how we respond to competitive forces. We continually assess the external environment \u2013 the markets and the underlying economic, political, socialand environmental drivers that shape them \u2013 to evaluate changesin competitive forces and business models. We use multiple future scenarios to assess the resilience of our strategy. We regularly review the markets we operate in, assessing our competitive position byanalysing trends and uncertainties, and the strengths and weaknesses of our traditional and non-traditional competitors. ", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "275": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 275, + "paragraph": "Wemaintain business strategies and plans that focus on actions andcapabilities tocreate and sustain competitive advantage. Wemaintain a risk management framework that regularly assesses ourresponse to,andrisk appetite for, identified risk factors.", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "276": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 276, + "paragraph": " See \u201cRisk factors\u201d on pages 27-36.", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "277": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 277, + "paragraph": "Our Executive Directors\u2019 remuneration is linked to the successful delivery of our strategy, based on performance indicators that are aligned with shareholder interests. Long-term incentives form the majority of the Executive Directors\u2019 remuneration for above-target performance. In 2019, the Long-term Incentive Plan (LTIP) included cashgeneration, capital discipline, value created for shareholders, anda measure focused on Shell\u2019s strategic ambition to thrive in theenergy transition.", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "278": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 278, + "paragraph": " See the \u201cDirectors\u2019 Remuneration Report\u201d on pages 135-138.", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + }, + "279": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 279, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 23, + "start_index_page": 266, + "last_index_page": 279 + } + }, + "24": { + "280": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 280, + "paragraph": "Our strategic themes As part of our strategy, we divide our portfolio into strategic themes,each with distinctive capabilities, growth strategies andriskmanagement.", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "281": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 281, + "paragraph": "Organising our businesses into seven strategic themes has helped us focus our investment priorities and drive delivery of our long-term ambitions. Due to the evolution of our businesses and the external environment, in 2019 we refreshed the way we group the strategic themes to better communicate our portfolio strategy and long-term outlook:", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "282": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 282, + "paragraph": "Leading Transition themes", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "283": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 283, + "paragraph": "Core Upstream themes are central toShell and we will sustain their strongcash generation through thecoming decades.", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "284": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 284, + "paragraph": "Leading transition themes are businesses wherewe already have a leading position inthe industry and are critical for us to capitalise on the energy transition to a lower-carbon future.", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "285": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 285, + "paragraph": "Emerging Power theme is focused on creatingbusiness models to support theevolving customer demands for more electricitythrough the energy transition to alower-carbon future. Shell aims to become anintegrated power player andgrow, over time, a significant newbusiness.", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "286": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 286, + "paragraph": "Deep Water \u25a0 Leading portfolio, strong ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "287": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 287, + "paragraph": "Shales \u25a0 Growing production inhigh-margin basins \u25a0 Competitive delivery", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "288": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 288, + "paragraph": "Conventional OilandGas \u25a0 High-graded portfolio ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "289": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 289, + "paragraph": " \u25a0 Growth potential in deep ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "290": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 290, + "paragraph": "Integrated Gas \u25a0 Extend market leadership \u25a0 Unique portfolio ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "291": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 291, + "paragraph": "optimisation capability ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "292": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 292, + "paragraph": "Power \u25a0 New sources of valueemerging ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "293": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 293, + "paragraph": "Oil Products \u25a0 Most successful mobility ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "294": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 294, + "paragraph": "retailer, #1 in lubricants", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "295": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 295, + "paragraph": " \u25a0 Competitive/high-quality ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "296": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 296, + "paragraph": "Chemicals \u25a0 Strong demand growth ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "297": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 297, + "paragraph": "despite growing recycling \u25a0 Focus on base, derivative ", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "298": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 298, + "paragraph": "andperformance chemicals", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "299": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 299, + "paragraph": "Trading optimisation through integration", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + }, + "300": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 300, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 24, + "start_index_page": 280, + "last_index_page": 300 + } + }, + "25": { + "301": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 301, + "paragraph": "STRATEGY AND OUTLOOK continued", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "302": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 302, + "paragraph": "OUTLOOK FOR 2020 ANDBEYOND", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "303": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 303, + "paragraph": "We continually seek to improve our operating performance and maximise sustainable organic free cash flow, with an emphasis on health, safety, security, environment and asset performance, as well as our ethics and compliance principles. To do this, we are committed to attracting, developing and retaining adiverse, talented and motivated workforce.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "304": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 304, + "paragraph": "We launched our $25 billion share buyback programme in 2018, and we have completed about $15 billion of buybacks as of February 20, 2020. Our intention to complete the $25 billion share buyback programme remains unchanged, but the pace remains subject to macro conditions and further debt reduction.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "305": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 305, + "paragraph": "Our cash capital expenditure is expected to be at the lower end of the$24 billion to $29 billion range in 2020. Following the successful delivery of our $30 billion divestment programme during 2016-18, divestments are expected to amount to more than $10 billion over the2019-2020 period.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "306": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 306, + "paragraph": "We fully support the Paris Agreement\u2019s goal to keep the rise in global average temperature this century to well below two degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. We have set a long-term ambition to reduce the Net Carbon Footprint of our energy products, measured in grams of carbon dioxide equivalent per megajoule consumed, by around 20% by 2035 and by around 50% by 2050, inpace with society. While our ambition is long term, we believe we mustact today if we are to help society progress more quickly. In early 2019 we set an unconditional three-year target toreduce our Net Carbon Footprint by 2% to 3% compared to 2016. For the 2020 award, the target range is a 3-4% reduction in our Net Carbon Footprint against the 2016 baseline. Itisintended that this target setting will be done annually, with eachyear\u2019starget covering either a three-year or five-year period.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "307": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 307, + "paragraph": " Further details are in the \u201cClimate Change and Energy Transition\u201d on pages 91-98.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "308": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 308, + "paragraph": "Since the start of 2020 there has been a developing outbreak of the COVID-19 (coronavirus). To date, we have not seen a material impact on our operations. As a result of COVID-19, we have seen macro-economic uncertainty with regards to prices and demand for oil, gas and products. Furthermore, recent global developments and uncertainty in oil supply in March have caused further volatility in commodity markets. The scale and duration of these developments remain uncertain but could impact our earnings, cash flow and financial condition.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "309": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 309, + "paragraph": "The statements in this \u201cStrategy and outlook\u201d section, including those related to our growth strategies and our expected or potential future cash flow from operations, organic free cash flow, share buybacks, capital investment, divestments, production and Net Carbon Footprint are based on management\u2019s current expectations and certain material assumptions and, accordingly, involve risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed orimplied herein.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "310": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 310, + "paragraph": " See \u201cAbout this Report\u201d on pages 2-3 and \u201cRisk factors\u201d on pages 27-36.", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "311": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 311, + "paragraph": "Aerial view of road and Glengarry forest, Scotland, UK. Forestry and Land Scotland is working with Shell UK to preserve and extend native woodland. ", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + }, + "312": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 312, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 25, + "start_index_page": 301, + "last_index_page": 312 + } + }, + "26": { + "313": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 313, + "paragraph": "The revised UK Corporate Governance Code (\u20182018 Code\u2019) was published in July 2018 and applies to accounting periods beginning on orafter January 1, 2019. The Companies (Miscellaneous Reporting) Regulations 2018 (\u20182018 MRR\u2019) require Directors to explain how they considered the interests of key stakeholders and the broader matters set out in section 172(1) (A) to (F) of the Companies Act 2006 (\u2018S172\u2019) when performing their duty to promote the success of the Company under S172. This includes considering the interest of other stakeholders which will have an impact on the long-term success of the company. The Board welcomes the direction of the UK Financial Reporting Council (the \u2018FRC\u2019). This S172 statement, which is reported for the first time, explains how Shell Directors: \u25a0 have engaged with employees, suppliers, customers and others; and \u25a0 have had regard to employee interests, the need to foster the ", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "314": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 314, + "paragraph": "company\u2019s business relationships with suppliers, customers and other, and the effect of that regards, including on the principal decisions taken by the company during the financial year. ", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "315": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 315, + "paragraph": "The S172 statement focuses on matters of strategic importance to Shell, and the level of information disclosed is consistent with the size and the complexity of the business. ", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "316": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 316, + "paragraph": "GENERAL CONFIRMATION OF DIRECTORS\u2019 DUTIES Shell\u2019s Board has a clear framework for determining the matters within itsremit and has approved Terms of Reference for the matters delegated to its Committees. Certain financial and strategic thresholds have been determined to identify matters requiring Board consideration and approval. The Manual of Authority sets out the delegation and approvalprocess across the broader business. More information on Shell\u2019s Controls and Procedures can be found within the Other regulatory and statutory information page 168.", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "317": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 317, + "paragraph": "When making decisions, each Director ensures that he/she acts in the way he/she considers, in good faith, would most likely promote the Company\u2019s success for the benefit of its members as a whole, and in doing so have regard (among other matters) to:", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "318": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 318, + "paragraph": "S172(1) (A) \u201cTHE LIKELY CONSEQUENCES OFANYDECISION IN THE LONG TERM\u201d The Directors understand the business and the evolving environment in which we operate, including the challenges of navigating through the energy transition. Based on Shell\u2019s purpose to power progress together byproviding more and cleaner energy solutions, the strategy set by the Board is intended to strengthen our position as a leading energy company by providing oil, gas and low-carbon energy products and services as theworld\u2019s energy system transforms while keeping safety and social responsibility fundamental to our business approach. In 2019, to help achieve all three strategic ambitions, the Board refreshed our strategy tofurther focus on developing Shell\u2019s Power business. However, while investing for the future, the Board also recognise we must meet today\u2019s energy demand. ", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "319": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 319, + "paragraph": "As outlined in Our Context in the Shell Story pages 12-18, the rising standard of living of a growing global population is likely to continue to drive demand for energy, including oil and gas, for years to come. Atthe same time, technological changes and the need to tackle climate change mean there is a transition under way to a lower-carbon, multi-source energy system with increasing customer choice. The three strategic ambitions: thrive in the energy transition, world-class investment case and strong licence to operate pages 19-21 have been set in that context with the objective to increase long-term value for shareholders recognising that the long-term success of our business is dependent on our stakeholders and the external impact of our business activities on society.", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "320": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 320, + "paragraph": "The Directors recognise how our operations are viewed by different parts of society and that some decisions they take today may not align with all stakeholder interests. Given the complexity of the energy transition, the Directors have taken the decisions they believe best support Shell\u2019s three strategic ambitions. ", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "321": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 321, + "paragraph": "S172(1) (B) \u201cTHE INTERESTS OF THE COMPANY\u2019SEMPLOYEES\u201d The Directors recognise that Shell employees are fundamental and core toour business and delivery of our strategic ambitions. The success of ourbusiness depends on attracting, retaining and motivating employees. From ensuring that we remain a responsible employer, from pay and benefits to our health, safety and workplace environment, the Directors factor the implications of decisions on employees and the wider workforce, where relevant and feasible. The Directors recognise thatourpensioners, though no longer employees, also remain importantstakeholders.", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "322": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 322, + "paragraph": " More information on this can be found within our report on workforceengagement on page 124.", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "323": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 323, + "paragraph": "S172(1) (C) \u201cTHE NEED TO FOSTER THE COMPANY\u2019S BUSINESS RELATIONSHIPS WITH SUPPLIERS, CUSTOMERSAND OTHERS\u201d Delivering our strategy requires strong mutually beneficial relationships with suppliers, customers, governments, national oil companies and joint-venture partners. Shell seeks the promotion and application of certaingeneral principles in such relationships. The ability to promote these principles effectively is an important factor in the decision to enter into orremain in such relationships and this alongside other standards are described in The Shell General Business Principles, which are reviewed and approved by the Board periodically. The Board also reviews and approves Shell\u2019s approach to suppliers which is set out in the Shell Supplier Principles. The businesses continuously assess the priorities related to customers and those with whom we do business, and the Boardengages with the businesses on these topics, for example, within the context of business strategy updates and investment proposals. ", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "324": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 324, + "paragraph": "Moreover, the Directors receive information updates on a variety of topics that indicate and inform how these stakeholders have been engaged. These range from information provided from the Projects & Technology function (on suppliers and joint-venture partners related to items such as project updates and supplier contract management topics) to information provided by the businesses (on customers and joint-venture partners related to, for example, business strategies, projects and investment ordivestment proposals).", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "325": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 325, + "paragraph": "S172(1) (D) \u201cTHE IMPACT OF THE COMPANY\u2019S OPERATIONS ON THE COMMUNITY AND THE ENVIRONMENT\u201d This aspect is inherent in our strategic ambitions, most notably on our ambitions to thrive through the energy transition and to sustain a strong societal licence to operate. As such, the Board receives information on these topics to both provide relevant information for specific Board decisions (e.g. those related to specific strategic initiatives such as the Net Carbon Footprint ambition, our nature-based solutions programme and projects, investment or divestment proposals, business strategy reviews and country entry considerations) and to provide ongoing overviews at the Shell group level (e.g., regular Safety & Environment Performance Updates, reports from the Chief Ethics & Compliance Officer and Chief Internal Auditor). In 2019, certain Board Committees and Non-executive Directors conducted site visits of various Shell operations and overseas offices and held external stakeholder engagements, where feasible. Moreinformation on this can be found in Understanding and engaging with our stakeholders page 122.", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + }, + "326": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 326, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 26, + "start_index_page": 313, + "last_index_page": 326 + } + }, + "27": { + "327": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 327, + "paragraph": "SECTION 172(1) STATEMENT continued", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "328": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 328, + "paragraph": "S172(1) (E) \u201cTHE DESIRABILITY OF THE COMPANY MAINTAINING A REPUTATION FOR HIGH STANDARDS OFBUSINESS CONDUCT\u201d Shell aims to meet the world\u2019s growing need for more and cleaner energy solutions in ways which are economically, environmentally and socially responsible. The Board periodically reviews and approves clear frameworks, such as The Shell General Business Principles, Shell\u2019s Code of Conduct, specific Ethics & Compliance manuals, and its Modern Slavery Statements, to ensure that its high standards are maintained both within Shell businesses and the business relationships we maintain. This, complemented by the ways the Board is informed and monitors compliance with relevant governance standards help assure its decisions are taken and that Shell companies act in ways that promote high standards of business conduct.", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "329": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 329, + "paragraph": "S172(1) (F) \u201cTHE NEED TO ACT FAIRLY AS BETWEEN MEMBERS OF THE COMPANY\u201d After weighing up all relevant factors, the Directors consider which courseof action best enables delivery of our strategy through the long-term, taking into consideration the impact on stakeholders. In doingso, our Directors act fairly as between the Company\u2019s members butare not required to balance the Company\u2019s interest with those of otherstakeholders, and this can sometimes mean that certain stakeholderinterests may not be fully aligned.", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "330": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 330, + "paragraph": "CULTURE The Board recognises that it has an important role in assessing andmonitoring that our desired culture is embedded in the values, attitudesand behaviours we demonstrate, including in our activities and stakeholder relationships. The Board has established honesty, integrity and respect for people as Shell\u2019s core values. The General Business Principles, Code of Conduct, and Code of Ethics help everyone at Shellact in line with these values and comply with relevant laws and regulations. The Shell Commitment and Policy on Health, Safety, Security, Environment & Social Performance applies across Shell and is designed tohelp protect people and the environment. We relentlessly pursue GoalZero, our safety goal to achieve no harm and no leaks across all ouroperations. We also strive to maintain a diverse and inclusive culture.", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "331": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 331, + "paragraph": "The Board considers the Shell People Survey to be one of its principal tools to measure employee engagement, motivation, affiliation and commitment to Shell. It provides insights into employee views and has a consistently high response rate. The Board also utilises this engagement to understand how survey outcomes are being leveraged to strengthen Shell culture andvalues. ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "332": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 332, + "paragraph": "STAKEHOLDER ENGAGEMENT (INCLUDING EMPLOYEE ENGAGEMENT) The Board recognises the important role Shell has to play in society and is deeply committed to public collaboration and stakeholder engagement. This commitment is at the heart of Shell\u2019s strategic ambitions. The Board strongly believes that Shell will only succeed by working with customers, governments, business partners, investors and other stakeholders. Working together is critical, particularly at a time when society, including businesses, governments and consumers, faces issues as complex and challenging as climate change. ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "333": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 333, + "paragraph": "We continue to build on our long track record of working with others, suchas investors, industry and trade groups, universities, governments, NGOs and in some instances our competitors through our joint-venture operations or industry bodies. We believe that working together and sharing knowledge and experience with others offers us greater insight into ourbusiness. We also appreciate our long-term relationships with ourinvestors and acknowledge the positive impact of ongoing engagement and dialogue. ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "334": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 334, + "paragraph": "To support strengthening the Board\u2019s knowledge of the significant levels ofengagement undertaken by the broader business, guidance on information, proposals or discussion items provided to the Board was updated in 2019 to further promote and focus considerations of the views, interests and concerns of our stakeholders and how these were considered by Management. Board minutes have also reflected key points on stakeholder considerations, where appropriate. Further, the Terms of Reference for our Safety, Environment and Sustainability Committee wereupdated to include, within the Committee\u2019s remit, the review and consideration of external stakeholder perspectives and how major issues of public concern that could affect the Shell group\u2019s reputation and licence to operate were, or are, being addressed. ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "335": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 335, + "paragraph": "The Board also engaged with certain stakeholders directly, to understand their views. More on this engagement is provided in the Understanding and engaging with our stakeholders on page 122. ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "336": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 336, + "paragraph": "Information on how the Directors have engaged with employees can befound on page 124 and in the Our people section on pages 99-101. Examplesof how Directors have taken the interests of Shell employees into consideration and the consequent outcome on related decisions isincorporated in the table below. ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "337": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 337, + "paragraph": "PRINCIPAL DECISIONS In the table below, we outline some of the principal decisions made by the Board over the year, explain how the Directors have engaged with, or in relation to, the different key stakeholder groups and how stakeholder interests were considered over the course of decision-making. ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "338": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 338, + "paragraph": "To remain concise, we have categorised our key stakeholders into six groups. Where appropriate, each group is considered to include both current and potential stakeholders.", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "339": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 339, + "paragraph": " Investor Community Employees/Workforce/Pensioners Regulators/Governments/NGOs Communities Customers Suppliers/Strategic Partners ", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "340": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 340, + "paragraph": "Principal decisions We define principal decisions taken by the Board as those decisions in2019 that are of a strategic nature and that are significant to any ofourkey stakeholder groups. As outlined in the FRC Guidance on theStrategic Report, we include decisions related to capital allocationanddividend policy.", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "341": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 341, + "paragraph": "How were stakeholders considered We describe how regard was given to likely long-term consequences of thedecision including how stakeholders were considered during the decision-making process.", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "342": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 342, + "paragraph": "What was the outcome We describe which accommodations/ mitigations were made, if any, andhowDirectors have considered different interests and the factors takeninto account.", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + }, + "343": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 343, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 27, + "start_index_page": 327, + "last_index_page": 343 + } + }, + "28": { + "344": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 344, + "paragraph": "Approval of Shell\u2019s Operating Plan 2020-2022 (OP19) The approval of OP19 followed an in-depth review by the Board of proposals on capital allocation, capital investment outlook, competitive outlook, operating expenses, return on average capital employed and shareholder distributions. This includes reviews in October 2019 as an advance engagement on OP19 while it was under preparation, and in December 2019 for final approval.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "345": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 345, + "paragraph": "How were stakeholders considered OP19 discussions included a full review against Shell\u2019s three strategic ambitions: thriving in the energy transition, world-class investment case, and strong societal licence to operate. The Directors and Executive Committee balanced the priorities in the operational plan versus the strategy by using feedback received as part of continuous engagement with investors, discussions with equity and debt market analysts and commitments made regarding share buybacks, gearing and organic free cash flow. ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "346": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 346, + "paragraph": "The plan was discussed extensively and included commitment to continue investing in the energy transition, which is a reflection of the importance that communities and interest groups were likely to place on key societal contributions/efforts regarding carbon-neutral offerings for mobility customers, growth in Nature-Based Solutions, support for Net Carbon Footprint ambition reductions and published governmentplans related to the energy transition.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "347": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 347, + "paragraph": "In the assessment, the interests of investors and capital markets received particular focus and featured heavily in many discussions, and potential differing interests of debt and equity investors was observed. This was balanced against the importance of the value placed on Shell by society (including communities, employees, customers, suppliers) for the services provided by the business and the way in which we conduct business. ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "348": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 348, + "paragraph": "Information on employees and our organisational structure featured as part of OP19. The plan maintained the approach to salaries, benefits, health, worker welfare, focus on employee experience and training.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "349": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 349, + "paragraph": "Metrics agreed within OP19 underpin the 2020 organisational scorecard, against which all employee bonuses are calculated. Both the Board and the Remuneration Committee discussed these metrics at length to ensure they are suitably stretching and motivating, support the right culture within the business and align to the strategic ambitions. Investing in new business and acquisitions Over the course of the year, the Board discussed and approved several new opportunities and projects across the different segments. The Board focused on Power and discussed and approved the continued implementation of the Power Strategy. It made certain recommendations to Management and appraised potential investment opportunities which comprised wholly-owned acquisitions and joint-venture opportunities. The Board receives regular updates and maintains oversight of the operations of the New Energies business even though many of the investments in this area are below the threshold for Board decision.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "350": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 350, + "paragraph": "How were stakeholders considered The Board obtained a clearer perspective on the pace of local energy transitions, regulation, changing customer needs and technology. This enhanced awareness was used to evaluate the possible impact on stakeholders and risks to its reputation in relation to certain stakeholder groups.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "351": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 351, + "paragraph": "Oil and Gas \u2013 During the year Shell has secured new opportunities in a number of regions, some of which were considered and approved by the Board. The Directors carefully reviewed new significant entries and risk and rewards of new projects. During these discussions, the Board was cognisant that some stakeholders may not agree with Shell\u2019s strategy to continue to invest in oil and gas during the energy transition. ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "352": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 352, + "paragraph": "Purchase of ERM \u2013 Although below the normal threshold of investments for Board approval, the discussion was the result of earlier Board requests to enhance its understanding of the New Energies investments, customer demand, the alignment with the Shell strategy and the Board\u2019s commitments to its stakeholders including investors. During discussions, particular attention was paid to the alignment of assets owned by ERM with Shell\u2019s overall long-term ambitions, and stakeholder views. The discussions and considerations for the purchase of this listed entity covered its business model and people, assets and synergies, fit with the Shell Power strategy and the ability to generate returns while playing a role in the transition to a lower-carbon future. The Board also reflected on the Shell brand and its ability to retain ERM customers under new ownership.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "353": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 353, + "paragraph": "Eneco \u2013 The attempted purchase of Eneco is a clear example of the Board\u2019s reflections on feedback received from equity and debt market analysts and its statements made regarding the share buybacks, gearing and organic free cash flow. Further, it reflects Shell\u2019s desire to increase its operations in this area. Significant engagement was undertaken as part of the bid preparation, which included understanding customer sentiment, government and local municipality opinion and the ability to retain Eneco employees following transfer of ownership in the event of a winning bid. The outcome of this engagement was provided to the Board. ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "354": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 354, + "paragraph": "For both proposals, the Board considered the interests of investment partners and potential organisationalcultural differences. Customer relationships, local regulatory knowledge and other stakeholder relationships including local community views were also discussed. The Board also discussed how the potential deal(s) could be received by investors and the equity analyst community. The Board wasparticularly cognisant that investors would want to understand how acquisitions would fit within the existing financial framework and the impact if any on: expected outturns, the share buyback programme, cashflow; and capital investment.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "355": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 355, + "paragraph": "What was the outcome Following the review of the draft plan, the Board requested further information on specific matters such as capital allocation, new energies and organisational aspects, several of which included certain stakeholder groups. Responses were provided on these items and changes were incorporated intothe plan where appropriate.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "356": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 356, + "paragraph": "The early review of the plan identified weaker macroeconomic conditions and challenging outlooks. Although an unwelcome message for stakeholders, this was communicated to the market at the end of the third quarter and reiterated it in thefourth quarter results. ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "357": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 357, + "paragraph": "The overall outcome of this decision is an operating plan that the Board believes underpins Shell\u2019s strategic ambitions and has taken into account different stakeholder views, realising that not all stakeholder views can nor will completely align with OP19. ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "358": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 358, + "paragraph": "While stakeholder opinion may differ on Shell\u2019s approach, OP19 is based on the demand for products and services bysociety. OP19 supports the Company maintaining a reputation for high standards of business conduct, Health, Safety, Security and Environment and maintained the approach to employee remuneration and benefits to pensioners. OP19 seeks to reward our investors with returnsand maintaining long-term financial strength toinvestin more and cleaner forms of energy and meet thecurrent and future needs of society.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "359": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 359, + "paragraph": "What was the outcome As a result of discussion and decisions in this area, the Board obtained insights on renewables growth, customers\u2019 priorities (around price and interest in clean power), as well as information on anticipated market direction and regulatory frameworks. The Board also committed a large part of its annual strategy event and committed further time later in the years to enhancing its understanding of New Energies and the opportunities in Power through, for instance, site visits with companies, governments, regulators, academics and potential customers. (Read more on page 122) ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "360": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 360, + "paragraph": "Oil and Gas \u2013 The Board recognises that societal views varywidely in this area. However, it must also bear in mind that global demand for energy is still growing. Although renewable resources will meet a growing share of the rising energy demand, Shell and other experts believe there continues tobea need for oil and gas for many years tocomethroughthe energy transition. The Directors alsoappreciatethat it is this business that provides thecapitaltoinvest in the energy transition.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "361": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 361, + "paragraph": "Purchase of ERM \u2013 Following discussion in the early part oftheyear, the Board was keen to better understand the NewEnergies\u2019 investments, their alignment with the Power Strategy and the new opportunities being potentially pursued. It now receives summary information of smaller deals and clarifications on the strategic and business alignment of the larger deals. The Directors asked questions and shared their expertise when provided with these updates.", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "362": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 362, + "paragraph": "Eneco \u2013 The Eneco discussion covered many Board meetings, with questions coming from each discussion and further research and understanding provided back to the Board. As Management and the Board have been clear that they will only pursue ambitions in this area at the right cost, the bid from the Shell consortium was lower than that of its competitors and therefore unsuccessful. ", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + }, + "363": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 363, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 28, + "start_index_page": 344, + "last_index_page": 363 + } + }, + "29": { + "364": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 364, + "paragraph": "SECTION 172(1) STATEMENT continued", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "365": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 365, + "paragraph": "Divestments and exits from markets Selected assets were divested in 2019. More information on these can be found further within the Strategic Report. An example divestment is the sale of the Martinez refinery based in California, which was fully completed in February 2020. ", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "366": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 366, + "paragraph": "How were stakeholders considered Given the size of the Martinez asset, the sale was discussed by the Board. The divestment aligned with Shell\u2019s strategy to reshape refining efforts towards a smaller, smarter refining portfolio focused on further integration with Shell Trading hubs, Chemicals, and Marketing. ", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "367": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 367, + "paragraph": "The Board considered how the Martinez divestment would be received by local communities and the potential reputational implications. Further, the Board observed that other retained businesses may feel atrisk and more widely considered the potential impact on value chain cash generation.", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "368": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 368, + "paragraph": "The future prospects, environment liabilities and the impact on employees were considered by the Boardand included expectations around employee retention by the new buyer. Agreements were put inplace regarding certain employee benefits which would be met by Shell for aperiod of time following the divestment. Shareholder Distributions Every quarter, the Board assessed the continuation of the share buyback programme as well as the ongoing payment and rate of dividend per share payable to shareholders. ", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "369": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 369, + "paragraph": "How were stakeholders considered A number of metrics underpinned each decision, including the BG intention statement regarding the equityissued in connection with the combination with the BG Group.", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "370": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 370, + "paragraph": "At the time of each decision, the Board received an update on investor views based on equity and debt market opinions, Executive Committee and Investor Relations engagements, Chair engagements and rating agency views. Along with the other investor meetings undertaken by the Board and outlined within the stakeholder engagement section of this report (see page 122), towards the end of the year, the Senior Independent Director undertook a number of engagements to discuss the proposed remuneration policy, this provided investors a further opportunity to share views on other matters.", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "371": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 371, + "paragraph": "In making decisions, the Board considered investor expectations, the BG intention statement regarding share buybacks, and the flexibility afforded by Operating Plans, which included known and anticipated organic free cash flow and were reflective of the actual and expected business performance at the time ofthe decisions. ", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "372": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 372, + "paragraph": "What was the outcome Announcements and communications relating to divestments are drafted proactively. The stakeholder engagement plan included local government and communities. The plan focusedon supporting community confidence in operationspost-divestment.", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "373": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 373, + "paragraph": "Engagement related to employees was undertaken, and agreement was reached regarding certain Shell-paid benefits. ", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "374": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 374, + "paragraph": "Community concerns regarding Shell\u2019s exit were addressed.", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "375": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 375, + "paragraph": "What was the outcome As the macroeconomic environment changed during the year, further considerations were given to differing stakeholder opinion and balanced against prior intention statements. Inthe later part of the year, as part of the paper requesting approval for the share buyback and dividend payment, the Board received potential market reaction from equity and debt holders on pacing options related to the share buybackin consideration of the prevailing macroeconomic environment, including lower oil and gas prices. At the third quarter results announcement, the Company communicated the potential impact of these conditions on the pace of the share buyback programme and gearing reduction.", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + }, + "376": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 376, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 29, + "start_index_page": 364, + "last_index_page": 376 + } + }, + "30": { + "377": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 377, + "paragraph": "The risks discussed below could have a material adverse effect separately, or in combination, on our earnings, cash flows and financial condition. Accordingly, investors should carefully considerthese risks.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "378": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 378, + "paragraph": "Further background on each risk is set out in the relevant sections of thisReport indicated by way of cross references under each risk factor.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "379": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 379, + "paragraph": "The Board\u2019s responsibility for identifying, evaluating and managing oursignificant risks is discussed in \u201cOther Regulatory and Statutory Information\u201d pages 168-171.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "380": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 380, + "paragraph": "We are exposed to macroeconomic risks including fluctuating prices of crude oil,natural gas, oil products and chemicals", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "381": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 381, + "paragraph": "The prices of crude oil, natural gas, oil products and chemicals are affected by supply and demand, bothglobally and regionally. Furthermore, macroeconomic risks can affect demand for our products. Government actions may also affect the prices of crude oil, natural gas, oil products and chemicals. This could happen, for example, by promoting the sale of lower-carbon electric vehicles or even through the future prohibition of sales of new diesel or gasoline vehicles, such as the prohibition in the United Kingdom (UK) beginning in 2035. Prices for oil and gas can also move independently of each other. Factors that influence supply and demand include operational issues, natural disasters, weather, pandemics, such as the COVID-19 (coronavirus) outbreak, political instability, conflicts, economic conditions and actions by major oil and gas producing countries. In a low oiland gas price environment, we would generate less revenue from our Upstream and Integrated Gas businesses, and, as a result, parts of those businesses could become less profitable, or could incur losses. Low oil and gas prices have also resulted and could continue to result in the debooking of proved oil or gas reserves, if they become uneconomic in this type ofprice environment. Prolonged periods of low oil and gas prices, or rising costs, have resulted and could continue to result in projects being delayed or cancelled. Assets have also been impaired in the past, and there could be impairments in the future. Low oil and gas prices could also affect our ability to maintain our long-term capital investment programme and dividend payments. Prolonged periods of low oil and gas prices could adversely affect the financial, fiscal, legal, political and social stability of countries that rely significantly on oil and gas revenue. In a high oil and gas price environment, we could experience sharp increases in costs, and, under some production-sharing contracts, our entitlement to proved reserves wouldbe reduced. Higher prices could also reduce demand for our products, which could result in lower profitability, particularly in our Downstream business. Also, higher prices can result in more capacity beingbuilt whichresults in an oversupply of products that can negatively impact our LNG and Chemicals business. Accordingly, price fluctuations could have a material adverse effect on our earnings, cash flowsandfinancial condition.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "382": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 382, + "paragraph": " See \u201cMarket overview\u201d on page 37.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "383": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 383, + "paragraph": "Our ability to deliver competitive returns and pursue commercial opportunities depends in part on the accuracy of our price assumptions.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "384": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 384, + "paragraph": "We use a range of oil and gas price assumptions, which we review on a periodic basis, to evaluate projects and commercial opportunities. If our assumptions prove to be incorrect, it could have a materialadverse effect on our earnings, cash flows and financial condition.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "385": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 385, + "paragraph": " See \u201cMarket overview\u201d on page 39.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "386": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 386, + "paragraph": "Our ability to achieve our strategic objectives depends on how we react to competitive forces.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "387": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 387, + "paragraph": "We face competition in each of our businesses. We seek to differentiate our products; however, many ofthem are competing in commodity-type markets. Accordingly, failure to manage our costs as well as ouroperational performance could result in a material adverse effect on our earnings, cash flows and financial condition. We also compete with state-owned oil and gas entities with access to vast financial resources. State-owned entities could be motivated by political or other factors in making their business decisions. Accordingly, when bidding on new leases or projects, we could find ourselves at a competitive disadvantage as these state-owned entities may not require a competitive return. If we are unable toobtain competitive returns when bidding on new leases or projects, it could have a material adverseeffect on our earnings, cash flows and financial condition.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "388": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 388, + "paragraph": " See \u201cStrategy and outlook\u201d on page 20.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "389": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 389, + "paragraph": "We maintain a diversified portfolio to mitigate the impact of price volatility. We test the resilience of our projects and other opportunities against a range of crude oil, natural gas, oil product and chemical prices and costs. We prepare annual strategic and financial plans that consider and analyse the impact of different pricing scenarios on our businesses and company as a whole. These plans are appraised regularly throughout the year. We also aim to maintain a strong balance sheet to provide resilience against weak market prices.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "390": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 390, + "paragraph": "The range of commodity prices used in our project and portfolio evaluations is subject to a rigorous assessment ofshort, medium and long-term market drivers.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "391": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 391, + "paragraph": "We continually assess the external environment \u2013 the markets and the underlying economic, political, social andenvironmental drivers that shape them \u2013 to evaluate changes in competitive forces and business models. We use multiple future scenarios to assess the resilience of our strategy. We maintain business strategies and plans that focus on actions and capabilities to create and sustain competitive advantage.", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + }, + "392": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 392, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 30, + "start_index_page": 377, + "last_index_page": 392 + } + }, + "31": { + "393": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 393, + "paragraph": "We carefully tailor our sales processes against buyers\u2019 perceived expectations to deliver the most competitive outcomes. As a general principle, the sales processes are set up so that buyers will acquire the assets including all related liabilities. For some assets, Shell may agree to retain certain liabilities, which are closely monitored andfor which appropriate provisions are made.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "394": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 394, + "paragraph": "We continue to explore for, and mature, hydrocarbons across our Deep Water, Conventional Oil and Gas, Shales and Integrated Gas strategic themes. We use our subsurface, project and technical expertise and actively manage non-technical risks across a diversified portfolio of opportunities and projects. This is done withan integrated approach from basin choice throughto development, where we employ a numberof competitivetechniques and benchmark our approachinternally and externally. ", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "395": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 395, + "paragraph": "We seek to execute divestments in the pursuit of our strategy. We may notbeable to successfully divest these assets in line with our strategy.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "396": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 396, + "paragraph": "We may not be able to successfully divest assets at acceptable prices or within the timeline envisaged dueto market conditions or credit risk. This would result in increased pressure on our cash position and potential impairments. In some cases, we have also retained certain liabilities following a divestment. Even in cases where we have not expressly retained certain liabilities, we may still be held liable for past acts, failures to act or liabilities that are different from those foreseen. We may also face liabilities if a purchaser fails to honour their commitments. Accordingly, if we are unable to divest assets at acceptable prices or within our envisaged timeframe, this could have a material adverse effect on our earnings, cashflows andfinancial condition", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "397": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 397, + "paragraph": " See \u201cStrategy and outlook\u201d on page 22.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "398": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 398, + "paragraph": "Our future hydrocarbon production depends on the delivery of large andintegrated projects, as well as on our ability to replace proved oilandgasreserves.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "399": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 399, + "paragraph": "We face numerous challenges in developing capital projects, especially those which are large and integrated. Challenges include: uncertain geology; frontier conditions; the existence and availability ofnecessary technology and engineering resources; the availability of skilled labour; the existence oftransportation infrastructure; project delays; the expiration of licences; potential cost overruns; and technical, fiscal, regulatory, political and other conditions. These challenges are particularly relevant in certain developing and emerging-market countries, in frontier areas and in deep-water fields, such as offthe coast of Brazil. We may fail to assess or manage these and other risks properly. Such potential obstacles could impair our delivery of these projects, our ability to fulfil the value potential determined at the time of the project investment approval, and/or our ability to fulfil related contractual commitments. These could lead to impairments and could have a material adverse effect on our earnings, cash flows andfinancial condition.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "400": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 400, + "paragraph": "Future oil and gas production will depend on our access to new proved reserves through exploration, negotiations with governments and other owners of proved reserves and acquisitions, as well as on developing and applying new technologies and recovery processes to existing fields. Failure to replace proved reserves could result in lower future production, potentially having a material adverse effect on ourearnings, cash flows and financial condition.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "401": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 401, + "paragraph": "Oil and gas production available for sale", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "402": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 402, + "paragraph": "Shell subsidiaries Shell share of joint ventures and associates Total [A] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel. ", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "403": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 403, + "paragraph": "Proved developed and undeveloped oil and gas reserves [A][B] (at December 31)", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "404": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 404, + "paragraph": "Million boe [A] 2017 1,168 170 1,338", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "405": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 405, + "paragraph": "Shell subsidiaries Shell share of joint ventures and associates Total Attributable to non-controlling interest in Shell subsidiaries [A] We manage our total proved reserves base without distinguishing between proved reserves from subsidiaries and ", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "406": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 406, + "paragraph": "those from joint ventures and associates.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "407": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 407, + "paragraph": "[B] Includes proved reserves associated with future production that will be consumed in operations. [C] Natural gas volumes are converted into oil equivalents using a factor of 5,800 scf per barrel.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "408": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 408, + "paragraph": "Million boe [C] 2017 10,177 2,056 12,233 325", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "409": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 409, + "paragraph": "2018 10,294 1,285 11,578 331", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "410": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 410, + "paragraph": " See \u201cShell Story\u201d on page 17.", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + }, + "411": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 411, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 31, + "start_index_page": 393, + "last_index_page": 411 + } + }, + "32": { + "412": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 412, + "paragraph": "The estimation of proved oil and gas reserves involves subjective judgements based on available information and the application of complex rules; therefore, subsequent downward adjustments are possible.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "413": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 413, + "paragraph": "The estimation of proved oil and gas reserves involves subjective judgements and determinations based onavailable geological, technical, contractual and economic information. Estimates could change because of new information from production or drilling activities, or changes in economic factors, including changes in the price of oil or gas and changes in the regulatory policies of host governments, or other events. Estimates could also be altered by acquisitions and divestments, new discoveries, and extensions of existing fields and mines, as well as the application of improved recovery techniques. Published proved oil and gas reserves estimates could also be subject to correction due to errors in the application of published rules and changes in guidance. Downward adjustments could indicate lower future production volumes and could also lead to impairment of assets. This could have a material adverse effect on our earnings, cash flows andfinancial condition.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "414": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 414, + "paragraph": " See \u201cSupplementary information \u2013 oil and gas (unaudited)\u201d on page 239.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "415": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 415, + "paragraph": "Rising climate change concerns have led and could lead to additional legal and/or regulatory measures which could result in project delays or cancellations, a decrease in demand for fossil fuels, potential litigation and additional compliance obligations.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "416": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 416, + "paragraph": "In December 2015, 195 nations adopted the Paris Agreement, which we fully support. The Paris Agreement aims to limit increases in global temperatures to well below two degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. As a result, we expect continued and increased attention to climate change from all sectors of society. This attention has led, and we expect it to continue to lead, to additional regulations designed toreduce greenhouse gas (GHG) emissions.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "417": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 417, + "paragraph": "We expect that a growing share of our GHG emissions will be subject to regulation, resulting in increased compliance costs and operational restrictions. If our GHG emissions rise alongside our ambitions to increase the scale of our business, our regulatory burden will increase proportionally. We also expect that GHG regulation, as well as emission reduction actions by customers, will continue to result in suppression of demand for fossil fuels, either through taxes, fees and/or incentives to promote the sale of lower-carbon electric vehicles or even through the future prohibition of sales of new diesel or gasoline vehicles, such as the prohibition in the United Kingdom (UK) beginning in 2035. This could result in lower revenue and, in the long term, potential impairment of certain assets.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "418": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 418, + "paragraph": "In addition, the physical effects of climate change such as, but not limited to, rise in temperature, sea-level rise and fluctuations in water levels could adversely impact both our operations and supply chains. ", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "419": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 419, + "paragraph": "In some countries, governments, regulators, organisations and individuals have filed lawsuits seeking to hold fossil fuel companies liable for costs associated with climate change. While we believe these lawsuits to be without merit, losing any of these lawsuits could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "420": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 420, + "paragraph": "Additionally, some groups are pressuring certain investors to divest their investments in fossil fuel companies. If this were to continue, it could have a material adverse effect on the price of our securities and our ability to access capital markets. Additionally, some groups are pressuring commercial andinvestment banks from financing fossil fuel companies. Furthermore, according to press reports, somefinancial institutions also appear to be considering limiting their exposure to certain fossil fuel projects. Accordingly, our ability to use financing for future projects may be adversely impacted. Thiscouldalso adversely impact our potential partners\u2019 ability to finance their portion of costs, eitherthroughequity ordebt.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "421": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 421, + "paragraph": "If we are unable to find economically viable, as well as publicly acceptable, solutions that reduce our GHG emissions and/or GHG intensity for new and existing projects or for the products we sell, we couldexperience additional costs or financial penalties, delayed or cancelled projects, and/or reduced production and reduced demand for hydrocarbons. This could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "422": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 422, + "paragraph": "If we are unable to keep pace with society\u2019s energy transition or we are unable to provide the desired low-GHG-emissions products needed to facilitate society\u2019s energy transition, it could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "423": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 423, + "paragraph": " See \u201cClimate change and energy transition\u201d on page 93.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "424": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 424, + "paragraph": "A central group of reserves experts undertake the primaryassurance of the proved reserves bookings. Amultidisciplinary committee reviews and endorses allmajor proved reserves bookings. All proved reserves bookings are reviewed by Shell\u2019s Audit Committee, with final approval residing with Shell\u2019s Executive Committee. The Internal Audit function also provides further assurance through audits of the control framework.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "425": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 425, + "paragraph": "The risk is actively monitored and reviewed by the Executive Committee. These regular reviews lead toactions designed to address all the different components of the risk. Overall the mitigation of the riskisaddressed through our strategy to thrive in the energy transition. This is made up of three components: \u25a0 reducing the GHG emissions intensity of our operations; \u25a0 demonstrating resilience by adopting the guidance ondisclosure by the Task Force on Climate-related Financial Disclosures; and", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "426": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 426, + "paragraph": " \u25a0 working towards our ambition to reduce the Net ", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "427": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 427, + "paragraph": "Carbon Footprint of the energy products we sell, in stepwith society\u2019s drive to reduce GHG emissions.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "428": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 428, + "paragraph": "Please refer to the risk factor \u201cThe nature of our operations exposes us, and the communities in which wework, to a wide range of health, safety, security andenvironment risks\u201d for further explanation of howthephysical effects ofclimate change on our operations and supply chains are managed.", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + }, + "429": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 429, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 32, + "start_index_page": 412, + "last_index_page": 429 + } + }, + "33": { + "430": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 430, + "paragraph": "We seek to obtain the best possible information to enable us to assess threats and risks. We conduct detailed assessments for all our sites and activities, and implement appropriate measures to deter, detect and respond to security risks. Further mitigations include thestrengthening of the security of sites, reduction ofourexposure as appropriate, journey management, information risk management as well as crisis management and business continuity measures. Weconduct training and awareness campaigns forstaffand provide travel and health advice and24/7assistance while travelling. ", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "431": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 431, + "paragraph": "We continuously monitor geopolitical developments and societal issues relevant to our interests. Our Legal and Tax functions are organised globally and support the business lines in ensuring compliance with local laws and fiscal regulations. Our Government Relations department engages with governments in countries where we operate to understand and influence local policies and to advocate Shell\u2019s position on topics relevant to our industry. We are prepared to exit acountry if we believe we can no longer operate in thatcountry in accordance with our standards and applicable law, and we have doneso in the past.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "432": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 432, + "paragraph": "Our business exposes us to risks of social instability, criminality, civil unrest, terrorism, piracy, cyber-disruption, acts of war and pandemic diseases, such as the COVID-19 (coronavirus) outbreak, that couldhave a material adverse effect on our operations.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "433": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 433, + "paragraph": "As seen in recent years, these risks can manifest themselves in the countries in which we operate and elsewhere. These risks affect people and assets. Potential risks include: acts of terrorism; acts of criminality including maritime piracy; cyber-espionage or disruptive cyber-attacks; conflicts including war, civil unrest and environmental and climate activism (including disruptions by non-governmental and political organisations); and pandemic diseases, such as the COVID-19 (coronavirus) outbreak. ", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "434": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 434, + "paragraph": "The above risks can threaten the safe operation of our facilities and transport of our products, cause disruption of operational activities, environmental harm, loss of life, injuries and impact the well-being ofour people. ", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "435": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 435, + "paragraph": "These risks could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "436": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 436, + "paragraph": " See \u201cEnvironment and society\u201d on page 84.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "437": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 437, + "paragraph": "We operate in more than 70 countries that have differing degrees of political,legal and fiscal stability. This exposes us to a wide range of political developments that could result in changes to contractual terms, laws and regulations. In addition, we and our joint arrangements and associates facetherisk of litigation and disputes worldwide.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "438": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 438, + "paragraph": "Developments in politics, laws and regulations can and do affect our operations. Potential impacts include: forced divestment of assets; expropriation of property; cancellation or forced renegotiation of contract rights; additional taxes including windfall taxes, restrictions on deductions and retroactive tax claims; antitrust claims; changes to trade compliance regulations; price controls; local content requirements; foreign exchange controls; changes to environmental regulations; changes to regulatory interpretations and enforcement; and changes to disclosure requirements. Any of these, individually or in aggregate, could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "439": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 439, + "paragraph": "In addition to the above risks, the UK left the European Union (EU) on January 31, 2020 and enters into a period of transition which ends on December 31, 2020. The UK has stated that it will not extend the period of transition, and has confirmed plans to introduce import controls on EU goods at the border after the period of transition ends. Whatever the outcome of negotiations, we may experience delays in moving our products and employees between the UK and EU. Also, additional tariffs and taxes could impact the demand for some of our products. This potential delay and reduced demand for our products, combined with the potential adverse changes in macroeconomic conditions in both the EU and UK, could have a material adverse effect on our earnings and cash flows.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "440": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 440, + "paragraph": "From time to time, social and political factors play a role in unprecedented and unanticipated judicial outcomes that could adversely affect Shell. Non-compliance with policies and regulations could result in regulatory investigations, litigation and, ultimately, sanctions. Certain governments and regulatory bodies have, in Shell\u2019s opinion, exceeded their constitutional authority by: attempting unilaterally to amend or cancel existing agreements or arrangements; failing to honour existing contractual commitments; and seeking to adjudicate disputes between private litigants. Additionally, certain governments have adopted laws and regulations that could potentially conflict with other countries\u2019 laws and regulations, potentially subjecting us to both criminal and civil sanctions. Such developments and outcomes could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "441": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 441, + "paragraph": " See \u201cOther Regulatory and Statutory Information\u201d on page 134.", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + }, + "442": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 442, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 33, + "start_index_page": 430, + "last_index_page": 442 + } + }, + "34": { + "443": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 443, + "paragraph": "The nature of our operations exposes us, and the communities in which we work, to a wide range of health, safety, security and environment risks.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "444": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 444, + "paragraph": "The health, safety, security and environment (HSSE) risks to which we, and the communities in which we work, are potentially exposed cover a wide spectrum, given the geographic range, operational diversity and technical complexity of our operations. These risks include the effects of natural disasters (including weather events), earthquakes, social unrest, personal health and safety lapses, and crime. If a major riskmaterialises, such as an explosion or hydrocarbon spill, this could result in injuries, loss of life, environmental harm, disruption of business activities, and loss or suspension of our licence to operate orability to bid on mineral rights. Accordingly, this could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "445": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 445, + "paragraph": "Our operations are subject to extensive HSSE regulatory requirements that often change and are likely tobecome more stringent over time. Governments could require operators to adjust their future production plans, as has been done in the Netherlands, affecting production and costs. We could incur significant additional costs in the future due to compliance with these requirements or as a result of violations of, orliabilities under, laws and regulations, such as fines, penalties, clean-up costs and third-party claims. Therefore, HSSE risks, should they materialise, could have a material adverse effect on our earnings, cashflows and financial condition.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "446": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 446, + "paragraph": " See \u201cEnvironment and society\u201d on page 84.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "447": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 447, + "paragraph": "We have standards and a clear governance structure tohelp manage potential impacts. They are defined in ourHealth, Safety, Security, Environment and Social Performance (HSSE & SP) control framework and supporting guidance documents. The process safety andHSSE & SP assurance team provides assurance on the effectiveness of HSSE & SP controls to the Board. Wealso routinely prepare and practise our emergency response to potential incidents such as a spill or a fire.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "448": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 448, + "paragraph": "A further erosion of the business and operating environment in Nigeria couldhave a material adverse effect on us.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "449": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 449, + "paragraph": "In our Nigerian operations, we face various risks and adverse conditions. These include: security issues surrounding the safety of our people, host communities and operations; sabotage and theft; our ability toenforce existing contractual rights; litigation; limited infrastructure; potential legislation that could increase our taxes or costs of operations; the effect of lower oil and gas prices on the government budget;and regional instability created by militant activities. These risks or adverse conditions couldhavea material adverse effect on our earnings, cash flows and financial condition.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "450": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 450, + "paragraph": "We test the economic and operational resilience of our Nigerian projects against a wide range of assumptions and scenarios. We seek to proportionally share risks and funding commitments with joint-venture partners. We monitor the security situation, and liaise with host communities, governmental and non-governmental organisations to help promote peaceful and safeoperations.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "451": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 451, + "paragraph": "Production from the Groningen field in the Netherlands causes earthquakes thataffect local communities.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "452": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 452, + "paragraph": "Shell and ExxonMobil are 50:50 shareholders in Nederlandse Aardolie Maatschappij B.V. (NAM). An important part of NAM\u2019s gas production comes from the onshore Groningen gas field, in which EBN, a Dutch government entity, has a 40% interest and NAM a 60% interest. The gas field is in the process of being closed down due to gas-production-induced earthquakes. Some of these earthquakes have caused damage to houses and other structures in the region, resulting in complaints and lawsuits from the local community. The Government has announced their intent for an accelerated close-down to reduce Groningen production to zero by mid-2022. The exact date is still to be decided. While we are hopeful theclosing down of the Groningen gas field will reduce the number and strength of earthquakes in the region, any additional earthquakes and lawsuits could have further adverse impacts on our earnings, cashflows andfinancial condition.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "453": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 453, + "paragraph": "NAM is working with the Dutch government and other stakeholders to fulfil its obligations to residents of the area, which include compensation for damage caused by the earthquakes. Negotiations with the state are ongoing to determine how the accelerated close-down should be managed. Specific remediations within the agreed scope of responsibilities are planned. NAM\u2019s joint-venture partners will review its financial robustness against different scenarios for Groningen\u2019s liabilities and costs, with the objective that the venture can self-fund any additional expenses and claims.", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + }, + "454": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 454, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 34, + "start_index_page": 443, + "last_index_page": 454 + } + }, + "35": { + "455": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 455, + "paragraph": "Our future performance depends on the successful development and deploymentof new technologies and new products.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "456": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 456, + "paragraph": "Technology and innovation are essential to our efforts to meet the world\u2019s energy demands in a competitive way. If we do not continue to develop or deploy technology and new products, or fully leverage our data effectively in a timely and cost-effective manner, there could be a material adverse effect on the delivery of our strategy and our licence to operate. We operate in environments where advanced technologies are utilised. In developing new technologies and new products, unknown or unforeseeable technological failures or environmental and health effects could harm our reputation and licence to operate or expose us to litigation or sanctions. The associated costs of new technology are sometimes underestimated, or delays occur. If we are unable to develop the right technology and products in a timely and cost-effective manner, or if we develop technologies and products that adversely impact the environment or health of individuals, there could be a material adverse effect on our earnings, cash flows and financial condition.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "457": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 457, + "paragraph": " See \u201cShell Story\u201d on page 18.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "458": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 458, + "paragraph": "We are exposed to treasury and trading risks, including liquidity risk, interestraterisk, foreign exchange risk and credit risk. We are affected by theglobal macroeconomic environment as well as financial and commodity market conditions.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "459": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 459, + "paragraph": "Our subsidiaries, joint arrangements and associates are subject to differing economic and financial market conditions around the world. Political or economic instability affects such markets.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "460": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 460, + "paragraph": "We use debt instruments, such as bonds and commercial paper, to raise significant amounts of capital. Should our access to debt markets become more difficult, the potential impact on our liquidity could have a material adverse effect on our operations. Our financing costs could also be affected by interest rate fluctuations or any credit rating deterioration.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "461": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 461, + "paragraph": "We are exposed to changes in currency values and to exchange controls as a result of our substantial international operations. Our reporting currency is the US dollar. However, to a material extent, we hold assets and are exposed to liabilities in other currencies. While we undertake some foreign exchange hedging, we do not do so for all our activities. Furthermore, even where hedging is in place, it may not function as expected.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "462": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 462, + "paragraph": "We are exposed to credit risk; our counterparties could fail or could be unable to meet their payment and/ or performance obligations under contractual arrangements. Although we do not have significant direct exposure to sovereign debt, it is possible that our partners and customers may have exposure which could impair their ability to meet their obligations. In addition, our pension plans invest in government bonds, and therefore could be affected by a sovereign debt downgrade or other default.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "463": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 463, + "paragraph": "If any of the risks set out above materialise, they could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "464": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 464, + "paragraph": " See \u201cLiquidity and capital resources\u201d on page 80 and Note 19 to the \u201cConsolidatedFinancial Statements\u201d on pages 227-231.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "465": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 465, + "paragraph": "Shell\u2019s Technology organisation and the relevant lines ofbusiness work together to determine the content, scope and budget for developing new technology thatsupports our activities. The new technology is developed to ensure portfolio alignment with Shell\u2019s strategic ambitions and deployment commitments. Asignificant proportion of Shell\u2019s technology contributes to Shell\u2019s New Energies portfolio and Net Carbon Footprint ambition, and is built around key relationships with leading academic research institutes and universities. We also benefit from working with start-ups. In our Shell GameChanger programme, wehelp companies to mature early-stage technologies. Inour Shell Ventures scheme, we invest in and partner with start-ups and small and medium-sized enterprises that are in the early stages of developing new technologies. ", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "466": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 466, + "paragraph": "We utilise various financial instruments for managing exposure to foreign exchange and interest rate movements. Our treasury operations are highly centralised and seek to manage credit exposures associated with our substantial cash, foreign exchange and interest rate positions. Our portfolio of cash investments is diversified to avoid concentrating risk in anyone instrument, country or counterparty. Other thanin exceptional cases, the use of external derivative instruments is confined to specialist central treasury organisations that have appropriate skills, experience, supervision, control and reporting systems. Credit risk policies are in place to ensure that sales of products are made to customers with appropriate creditworthiness, and include detailed credit analysis and monitoring of customers against counterparty credit limits. Where appropriate, netting arrangements, credit insurance, prepayments and collateral are used to manage creditrisk. We maintain a committed credit facility. Management believes it has access to sufficient debtfunding sources (capital markets) and to undrawncommitted borrowing facilities to meetforeseeable requirements.", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + }, + "467": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 467, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 35, + "start_index_page": 455, + "last_index_page": 467 + } + }, + "36": { + "468": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 468, + "paragraph": "We are exposed to commodity trading risks, including market and operationalrisks.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "469": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 469, + "paragraph": "Commodity trading is an important component of our Upstream, Integrated Gas and Downstream businesses and is integrated with our supply business. Processing, managing and monitoring a large number of trading transactions across the world, some of which are complex, exposes us to operational and market risks, including commodity price risks. We use derivative instruments such as futures and contracts for differences to hedge market risks. However, we do not hedge all our activities and where hedging is in place, it may not function as expected. The risk of ineffective controls and oversight of trading activities and the risk that traders, individually or as a group, could act intentionally outside of the limits and controls, could have material adverse effect on our earnings, cash flows and financial condition.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "470": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 470, + "paragraph": " See \u201cLiquidity and capital resources\u201d on page 80 and Note 19 to the \u201cConsolidated Financial Statements\u201d on pages 227-231.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "471": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 471, + "paragraph": "We have substantial pension commitments, funding of which is subject to capitalmarket risks and other factors.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "472": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 472, + "paragraph": "Liabilities associated with defined benefit pension plans are significant, as can be cash funding requirement of such plans; both depend on various assumptions. Volatility in capital markets or government policies, and the resulting consequences for investment performance and interest rates, aswell as changes in assumptions for mortality, retirement age or pensionable remuneration at retirement,could result in significant changes to the funding level of future liabilities. We operate anumberof defined benefit pension plans and, in case of a shortfall, we could be required to makesubstantial cash contributions (depending on the applicable local regulations) resulting inamaterialadverse effect on our earnings, cash flows and financial condition.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "473": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 473, + "paragraph": " See \u201cLiquidity and capital resources\u201d on page 81.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "474": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 474, + "paragraph": "We mainly self-insure our risk exposure. We could incur significant losses fromdifferent types of risks that are not covered by insurance from third-party insurers.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "475": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 475, + "paragraph": "Our insurance subsidiaries provide hazard insurance coverage to other Shell entities and only reinsure a portion of their risk exposures. Such reinsurance would not provide any material coverage in the event of a large-scale safety and environmental incident. Accordingly, in the event of a material incident, there would not be any material proceeds available from third-party insurance companies to meet our obligations. Therefore, we may incur significant losses from different types of risks that are not covered by insurance from third-party insurers, potentially resulting in a material adverse effect on our earnings, cash flows andfinancial condition.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "476": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 476, + "paragraph": "In effecting commodity trades and derivative contracts, the Company operates within procedures and policies designed to ensure that risks are managed within authorised limits. For example, the use of external derivative instruments is confined to specialist trading organisations that have appropriate skills, experience, supervision, control and reporting systems. There is regular review of mandated trading limits by senior management, daily monitoring of market risk exposure using value-at-risk (VAR) techniques, daily monitoring oftrading positions against limits, and marking-to-fair value of trading exposures with a department independent of traders reviewing the market values applied. Our trading organisation has a compliance manual addressing our operational risks which all staffare required to follow.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "477": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 477, + "paragraph": "A pensions forum, chaired by the Chief Financial Officer oversees Shell\u2019s input to pension strategy, policy and operation. The forum is supported by a risk committee inreviewing the results of assurance processes with respect to pension risks. Local trustees manage the fundeddefined benefit pension plans, with contributions paid based on independent actuarial valuations in accordance with local regulations.", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "478": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 478, + "paragraph": "We continuously assess the safety performance of our operations and make risk mitigation recommendations, where relevant, to reduce the risk of an accident to aslow as possible. Our insurance subsidiaries are adequately capitalised and transfer risks to third-party insurers whereeconomical, effective and relevant. ", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + }, + "479": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 479, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 36, + "start_index_page": 468, + "last_index_page": 479 + } + }, + "37": { + "480": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 480, + "paragraph": "An erosion of our business reputation could have a material adverse effect onourbrand, our ability to secure new resources or access capital markets, andon our licence to operate.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "481": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 481, + "paragraph": "Our reputation is an important asset. The Shell General Business Principles (Principles) govern how Shell and its individual companies conduct their affairs, and the Shell Code of Conduct instructs employees and contract staff on how to behave in line with the Principles. Our challenge is to ensure that all employees and contract staff, more than 100,000 in total, comply with the Principles and the Code of Conduct. Real or perceived failures of governance or regulatory compliance or a perceived lack of understanding of howour operations affect surrounding communities could harm our reputation. ", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "482": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 482, + "paragraph": "Societal expectations of businesses are increasing, with a focus on business ethics, quality of products, contribution to society, minimising environmental impacts, and safety. There is increasing focus on the roleof oil and gas in the context of climate change and energy transition.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "483": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 483, + "paragraph": "This could negatively affect our brand, reputation and licence to operate, which could impact our ability todeliver our strategy, consumer demand for our branded and non-branded products, harm our ability to secure new resources and contracts, and limit our ability to access capital markets or attract staff. Many other factors, including the materialisation of the risks discussed in several of the other risk factors, could negatively impact our reputation and could have a material adverse effect on our earnings, cash flows and financial condition. ", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "484": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 484, + "paragraph": " See \u201cOther Regulatory and Statutory Information\u201d on page 167 and \u201cOur people\u201d on page 100.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "485": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 485, + "paragraph": "Many of our major projects and operations are conducted in joint arrangements or with associates. This could reduce our degree of control, as well as our ability to identify and manage risks.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "486": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 486, + "paragraph": "In cases where we are not the operator, we have limited influence over, and control of, the behaviour, performance and costs of operation of such joint arrangements or associates. Despite not having control, we could still be exposed to the risks associated with these operations, including reputational, litigation (where joint and several liability could apply) and government sanction risks. For example, our partners or members of a joint arrangement or an associate (particularly local partners in developing countries) may not be able to meet their financial or other obligations to the projects, threatening the viability of a given project. Where we are the operator of a joint arrangement, the other partner(s) could still be able to veto or block certain decisions, which could be to our overall detriment. Accordingly, where we have limited influence, we are exposed to operational risks that could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "487": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 487, + "paragraph": " See \u201cOther Regulatory and Statutory Information\u201d on page 169.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "488": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 488, + "paragraph": "We rely heavily on information technology systems in our operations.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "489": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 489, + "paragraph": "The operation of many of our business processes depends on reliable information technology (IT) systems. Our IT systems are increasingly concentrated in terms of geography, number of systems, and dependent on key contractors supporting the delivery of IT services. Shell is the target of attempts to gain unauthorised access to our IT systems and our data through various channels, including more sophisticated and coordinated attempts often referred to as advanced persistent threats. Breaches have occurred, including to our UK LiveWIRE application where approximately 196,000 accounts and personal data were compromised. Where systems, customers\u2019 accounts and data have been compromised, we undertake to notify all relevant regulators and impacted customers, in accordance with countries\u2019 laws and regulations, including privacy requirements. Timely detection is becoming increasingly complex, but we seek to detect and investigate all such security incidents, aiming to prevent their recurrence. Disruption of critical IT services, or breaches of information security, could harm our reputation and have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "490": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 490, + "paragraph": " See \u201cCorporate\u201d on pages 79.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "491": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 491, + "paragraph": "We continuously assess and monitor the external environment for potential risks to our reputation. Wehavemitigation plans in place for identified brand and reputation risks at the Group, country and line of business level. Our country chairs are responsible for the implementation of country reputation plans which are updated annually. We continuously develop and defend our brand in line with Shell\u2019s purpose and promises, and target our investments to drive brand differentiation, relevance and preference.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "492": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 492, + "paragraph": "Shell appoints a Joint Venture Asset Manager, whose responsibility is to manage performance (create and protect value for Shell) by influencing operators and otherpartners to adapt their operating practices to appropriately drive value and mitigate identified risks.Anannual assurance review takes place on thealignment of standards and processes in joint ventureswith the standards applicable to Shell. Anygapsidentified are followed up by the Joint VentureAssetManager.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "493": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 493, + "paragraph": "We continuously measure and improve our cyber-security capabilities. To reduce the likelihood of successful cyberattacks our cyber-security capabilities are embedded into our IT systems. Our IT landscape isprotected by various detective and protective technologies. The identification and assessment capabilities are built into our IT support processes andadhere to industry best practices. The security ofITservices, operated by external IT companies, is managed through contractual clauses and through formal supplier assurance reports. Shell invests constantly in efforts to embed and improve our controls and monitoring activities. In case of breaches, all entities, including the ones not yet fully integrated into Shell\u2019s systems and processes, are required to report and leverage Shell\u2019s information security capabilities.", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + }, + "494": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 494, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 37, + "start_index_page": 480, + "last_index_page": 494 + } + }, + "38": { + "495": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 495, + "paragraph": "Violations of antitrust and competition laws carry fines and expose us and/or ouremployees to criminal sanctions and civil suits.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "496": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 496, + "paragraph": "Antitrust and competition laws apply to Shell and its joint ventures and associates in the vast majority of countries where we do business. Shell and its joint ventures and associates have been fined for violations of antitrust and competition laws in the past. These include a number of fines by the European Commission Directorate-General for Competition (DG COMP). Due to DG COMP\u2019s fining guidelines, any future conviction of Shell or any of its joint ventures or associates for violation of EU competition law could result in significantly larger fines and have a material adverse effect on us. Violation of antitrust laws is a criminal offence in many countries, and individuals can be imprisoned or fined. In certain circumstances, directors may receive director disqualification orders. It is also now common for persons or corporations allegedly injured by antitrust violations to sue for damages. Any violation of these laws can harm our reputation andcould have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "497": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 497, + "paragraph": " See \u201cOther Regulatory and Statutory Information\u201d on page 167.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "498": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 498, + "paragraph": "We maintain an antitrust programme with adequate resources, a comprehensive governance structure and established reporting lines. Clear guidance is provided to staff, which includes requirements in Shell\u2019s Ethics & Compliance manual, an antitrust specific website, training modules where completion is monitored and regular messages from Shell leaders on the importance of managing antitrust risks. Staff must understand andcomply with the \u201cProtect Shell Policy\u201d, which explainsShell\u2019s position on managing competitively sensitive information.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "499": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 499, + "paragraph": "Violations of anti-bribery, tax-evasion and anti-money laundering laws carry fines and expose us and/or our employees to criminal sanctions, civil suits and ancillary consequences (such as debarment and the revocation of licences).", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "500": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 500, + "paragraph": "Anti-bribery, tax-evasion and anti-money laundering laws apply to Shell, its joint ventures and associates in all countries where we do business. Shell and its joint ventures and associates have in the past settled with the US Securities and Exchange Commission regarding violations of the US Foreign Corrupt Practices Act. Any violation of anti-bribery, tax-evasion or anti-money laundering laws, including those potential violations associated with Shell Nigeria Exploration and Production Company Limited\u2019s investment in Nigerian oil block OPL 245 and the 2011 settlement of litigation pertaining to that block, could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "501": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 501, + "paragraph": " See \u201cOur people\u201d on pages 100, \u201cOther Regulatory and Statutory Information\u201d on page167 andNote25tothe \u201cConsolidated Financial Statements\u201d on pages 235-237.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "502": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 502, + "paragraph": "We maintain an anti-bribery and anti-money laundering (ABC/AML) programme with adequate resources, a comprehensive governance structure and established reporting lines in place. Clear guidance is provided to staff, which includes requirements in Shell\u2019s Ethics & Compliance manual, an ABC/AML specific website, training modules where completion is monitored and regular messages from Shell leaders on the importance of management of ABC/AML risks. As to OPL 245, the 2011 settlement was a fully legal transaction with Eni and the Federal Government of Nigeria, represented bythe most senior officials of the relevant ministries. Wemaintain our view that there is no basis to convict Shell, or any of our former employees who are also ontrial, inMilan.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "503": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 503, + "paragraph": "Violations of data protection laws carry fines and expose us and/or ouremployees to criminal sanctions and civil suits.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "504": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 504, + "paragraph": "Data protection laws apply to Shell and its joint ventures and associates in the vast majority of countries where we do business. Most of the countries we operate in have data protection laws and regulations. Additionally, the EU General Data Protection Regulation (GDPR) came into effect in May 2018, which increased penalties up to a maximum of 4% of global annual turnover for breach of the regulation. TheGDPR requires mandatory breach notification, the standard for which is also followed outside the EU(particularly in Asia). Non-compliance with data protection laws could expose us to regulatory investigations, which could result in fines and penalties and harm our reputation. In the past we have breached the GDPR and some investigations are still ongoing with European regulators. To date no material fines have been imposed, however, no assurance can be provided that future breaches would have similar outcomes. In addition to imposing fines, regulators may also issue orders to stop processing personal data, which could disrupt operations. We could also be subject to litigation from persons or entities allegedly affected by data protection violations. Violation of data protection laws is a criminal offence in some countries, and individuals can be imprisoned or fined. Any violation of these laws or harm to our reputation could have a material adverse effect on our earnings, cash flows and financial condition.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "505": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 505, + "paragraph": " See \u201cOther Regulatory and Statutory Information\u201d on page 167.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "506": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 506, + "paragraph": "We maintain a data privacy programme with adequate resources, a comprehensive governance structure and established reporting lines. Clear guidance is provided tostaff, which includes requirements in Shell\u2019s Ethics & Compliance manual, a data privacy specific website, training modules where completion is monitored and regular messages from Shell leaders on the importance of managing data privacy risks. The requirements for incident management, set forth in our Binding Corporate Rules have been revised to comply with reporting requirements under GDPR, as has our approach to privacy impact assessments. In 2020 we have established a Privacy by Design programme to enhanceour controls in this area.", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + }, + "507": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 507, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 38, + "start_index_page": 495, + "last_index_page": 507 + } + }, + "39": { + "508": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 508, + "paragraph": "We continue to develop and maintain a trade compliance programme with adequate resources, a comprehensive governance structure and established reporting lines. Clear guidance is provided to staff, which includes requirements in Shell\u2019s Ethics & Compliance manual, atrade compliance specific website, training modules where completion is monitored and regular messages from Shell leaders onthe importance of managing tradecompliance risks. The effectiveness of the trade compliance programme isassessed annually (or morefrequently if necessary).", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + }, + "509": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 509, + "paragraph": "Violations of trade compliance laws and regulations, including sanctions, carry fines and expose us and our employees to criminal sanctions and civil suits.", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + }, + "510": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 510, + "paragraph": "We use \u201ctrade compliance\u201d as an umbrella term for various national and international laws designed toregulate the movement of items across national boundaries and restrict or prohibit trade and other dealings with certain parties. The number and breadth of such laws continue to expand. For example, theEU and the USA continue to impose restrictions and prohibitions on certain transactions involving countries such as Syria, Venezuela, Russia and Cuba. In addition, the USA continues to have comprehensive sanctions in place against Iran, while the EU and other nations continue to maintain targeted sanctions. Additional restrictions and controls directed at defined oil and gas activities in Russia, which were imposed by the EU and the USA in 2014, remain in force. Further restrictions regarding Russia were introduced by the USA in 2017 and expanded in 2018. Both the EU and the USA introduced sectoral sanctions against Venezuela in 2017, which the USA expanded in 2018 and 2019. The US sanctions primarily target the government of Venezuela and the oil industry. Many other nations are also adopting trade-control programmes similar to those administered by the EU and the USA. This expansion of sanctions, including the frequent additions of prohibited parties, combined with the number of markets in which we operate and the large number of transactions we process, make compliance with all sanctions complex and at times challenging. Shell has voluntarily self-disclosed potential violations of sanctions in the past. Any violation of one or more of these regimes could lead to loss of import or export privileges, significant penalties on or prosecution of Shell or its employees and could harm our reputation and haveamaterialadverse effect on our earnings, cash flows and financial condition.", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + }, + "511": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 511, + "paragraph": " See \u201cOther Regulatory and Statutory Information\u201d on page 167.", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + }, + "512": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 512, + "paragraph": "Investors should also consider the following, which could limit shareholder remedies.", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + }, + "513": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 513, + "paragraph": "The Company\u2019s Articles of Association determine the jurisdiction for shareholder disputes. This could limit shareholder remedies.", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + }, + "514": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 514, + "paragraph": "Our Articles of Association generally require that all disputes between our shareholders in such capacity and the Company or our subsidiaries (or our Directors or former Directors), or between the Company and our Directors or former Directors, be exclusively resolved by arbitration in The Hague, the Netherlands, under the Rules of Arbitration of the International Chamber of Commerce. Our Articles of Association also provide that, if this provision is to be determined invalid or unenforceable for any reason, the dispute could only be brought before the courts of England and Wales. Accordingly, the ability of shareholders to obtain monetary or other relief, including in respect of securities law claims, could be determined in accordance with these provisions.", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + }, + "515": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 515, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 39, + "start_index_page": 508, + "last_index_page": 515 + } + }, + "40": { + "516": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 516, + "paragraph": "We maintain a large business portfolio across an integrated value chain and are exposed to crude oil, natural gas, oil product and chemical prices (see \u201cRisk factors\u201d on page 27). This diversified portfolio helps us mitigate the impact of price volatility. Our annual planning cycle and periodic portfolio reviews aim to ensure that our levels of capital investment and operating expenses are appropriate in the context of a volatile price environment. We test the resilience of our projects and other opportunities against a range of crude oil, natural gas, oil product and chemical prices and costs. We also aim to maintain a strong balance sheet to provide resilience against weak market prices.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "517": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 517, + "paragraph": "GLOBAL ECONOMIC GROWTH Economic activity is one of the key drivers of demand for oil, natural gas and oil products. Widespread economic and geopolitical uncertainty meant the global business environment remained challenging in 2019. According to the World Economic Outlook released by the International Monetary Fund (IMF) in January 2020, global economic growth for 2019is estimated to have fallen to 2.9% from 3.6% in 2018.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "518": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 518, + "paragraph": "A common feature in the weakening of many countries\u2019 GDP was a slowdown in industrial output. According to the IMF, this slowdown was caused by weak business confidence amid growing trade-related tensions between the USA and China. Industrial production also slowed due to changes in technology and emissions standards leading to a fall in car production and many potential vehicle buyers delaying their purchase infavour of a wait-and-see attitude. ", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "519": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 519, + "paragraph": "The IMF also noted a slowdown in economic growth in China and other large Asian economies, driven by China\u2019s regulatory efforts to limit its debt, and exacerbated by increased trade tensions with the USA.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "520": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 520, + "paragraph": "With lingering trade policy and geopolitical uncertainties, the global economic outlook for 2020 remains precarious. A key uncertainty for theglobal economy will be the impact of the COVID-19 (coronavirus) outbreak in China and elsewhere.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "521": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 521, + "paragraph": "GLOBAL PRICES, DEMAND AND SUPPLY The following table provides an overview of the main crude oil and naturalgas price markers that we are exposed to:", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "522": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 522, + "paragraph": "CRUDE OIL Brent crude oil, an international benchmark, traded between $53 per barrel (/b) and $75/b in 2019, ending the year at $67/b. Brent crude oil prices averaged $64/b for the year, 10% (or $7/b) lower than in 2018.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "523": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 523, + "paragraph": "At the beginning of 2019, global oil demand for the year was expected togrow by 1.4 million barrels per day (b/d). However, as the global economic environment weakened throughout 2019, global oil demand growth projections for the full year were adjusted downwards. Year averaged global oil demand grew by 1.0 million b/d, or 1.0%, to 100.3 million b/d, according to the International Energy Agency\u2019s (IEA) Oil Market Report published in January 2020. This growth was lower than thehistorical average of 1.3 million b/d per year since 2000. Oil demand growth was driven by non-OECD economies, where demand grew by 1.1 million b/d, while oil demand contracted by 0.1 million b/d in the OECD. Oil demand growth in 2019 was 0.1 million b/d lower than in 2018, whenit rose by 1.1 million b/d.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "524": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 524, + "paragraph": "Oil supply in 2019 is estimated in the Oil Market Report at 100.3 million b/d, unchanged compared to 2018. Because oil supply and oil demand were in balance, we estimate that elevated industry-controlled crude oil and oil products stocks remained unchanged from 2018. This limited price increases. Average commercial inventory levels for OECD countries in November 2019 were estimated at 2,912 million barrels in the Oil Market Report. This was around 52 million barrels higher than in November 2018, and about 211 million barrels more than the average for 2014, when Brent crude oil prices were around $100/b for most of the year.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "525": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 525, + "paragraph": "Non-OPEC supply growth, mostly in the USA, was balanced by lower OPEC production. The US Energy Information Administration reported another year of supply growth. US production is estimated to have averaged 12.3 million b/d in 2019, 1.5 million b/d higher than in 2018, and3 million b/d higher than 2017. Supply growth was supported by continued efficiency gains, and occurred despite lower drilling activity reflected by a 23% fall in the onshore oil rig count during the year. Production from other non-OPEC countries increased by 0.5 million b/din2019 and averaged 58.1 million b/d.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "526": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 526, + "paragraph": "For most of 2019, OPEC members and co-operating non-OPEC resource holders, most notably Russia, continued to cap their overall production at 2018 levels. In December 2019, they decided to further cap production by0.5 million b/d becoming effective in 2020. OPEC\u2019s production fell from 31.9 million b/d in 2018 to 29.9 million b/d in 2019, in part due to sanctions causing production to fall in Iran and Venezuela. Furthermore, supply from Venezuela was also affected by a deteriorating productionenvironment. ", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "527": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 527, + "paragraph": "On a yearly average basis, West Texas Intermediate (WTI) crude oil traded at a $7/b discount to Brent crude oil in 2019, compared with $6/b in 2018. The discount remained broadly unchanged from 2018, reflecting continued constrained pipeline capacity from the landlocked Cushing storage hub to the US Gulf Coast, against a backdrop of growing supply to the hub. According to the US Energy Information Administration, US crude oil exports increased further to a yearly average of about 3 million b/d in 2019, up by 1 million b/d from 2018, and peaked above 4 million b/d by the end of the year. This helped to limit further widening of the price differential between Brent and WTI.", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "528": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 528, + "paragraph": "Oil and gas average industry prices [A] 2019 64 57 2.5", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "529": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 529, + "paragraph": "Brent ($/b) West Texas Intermediate ($/b) Henry Hub ($/MMBtu) UK National Balancing Point (pence/therm) Japan Customs-cleared Crude ($/b) [A] Yearly average prices are based on daily spot prices. The 2019 average price for Japan ", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "530": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 530, + "paragraph": "Customs-cleared Crude excludes December data. ", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + }, + "531": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 531, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 40, + "start_index_page": 516, + "last_index_page": 531 + } + }, + "41": { + "532": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 532, + "paragraph": "MARKET OVERVIEW continued", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "533": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 533, + "paragraph": "Looking ahead, the IMF\u2019s global economic outlook indicates some increase in global economic growth, which should support oil demand growth. According to the IEA, near-term global oil demand growth is projected at around 1.3 million b/d per annum. To keep supply and demand in balance, demand growth and natural production decline from existing operations are to be met by supply growth. If OPEC members and co-operating non-OPEC resource holders continue implementing their current production agreement successfully, then supply growth would have to be delivered by non-OPEC countries, most notably the USA. Markets could tighten and prices could rise if US supply growth slows. The fall in US drilling activity in 2019 could be a first indicator of moderating US supply growth. A lack of industry-wide investment in new supply projects could lead to further market tightening in the next few years, given the long lead time of many of these projects.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "534": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 534, + "paragraph": "On the other hand, we believe the price environment could weaken if the impact of the coronavirus grows or recession fears materialise, and/or OPEC and the non-OPEC resource holders relax their production agreement. The price environment could also weaken if other non-OPEC producers, such as US shale producers, effectively deliver more and cheaper oil to the market.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "535": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 535, + "paragraph": "NATURAL GAS We estimate global gas demand to have grown by about 2.4% in 2019, inline with the annual growth rate of 2.5% observed since the start of the century. Robust demand growth in power generation and industry was driven by attractive regional spot gas prices that encouraged switching from competing fuels such as coal and oil. In the key regional markets ofNorth America, Europe, and Asia-Pacific, attractive prices have beencaused mainly by ample gas supply growth.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "536": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 536, + "paragraph": "In 2019, global liquefied natural gas (LNG) imports grew by 40 million tonnes, or 13% of the total LNG market. LNG supply growth, mainly in Australia, the USA and Russia, outpaced demand growth. In 2019, inventory levels were higher in Asia following mild winter conditions. LNGimports were down in Japan and South Korea due to milder weatherand higher nuclear utilisation than in 2018. However, moreLNGsupply flowed into the European markets.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "537": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 537, + "paragraph": "Natural gas prices can vary from region to region.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "538": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 538, + "paragraph": "In the USA, the natural gas price at the Henry Hub averaged $2.5 per million British thermal units (MMBtu) in 2019, 19% lower than in 2018. It traded in a range of $2.0 to 4.1/MMBtu. There was downward pressure on prices due to a strong gas supply growth of about 8 billion cubic feet per day, which averaged 10% higher than in 2018. Gas supply growth was, in part, driven by a growth of associated gas from oil fields, helped by oil prices above $50/b, and by new gas pipeline capacity. Gas prices found support from demand growth driven by below-normal storage inventory levels; an increase in usage of power for cooling due to warmer than normal weather in the second half of the year; completion of LNG liquefaction projects; increased exports to Mexico by pipeline; and US industrial growth.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "539": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 539, + "paragraph": "In Europe, the average price at the UK National Balancing Point (NBP) was 43% lower in 2019 compared to 2018. At the main continental gas trading hubs \u2013 in the Netherlands, Belgium and Germany \u2013 prices were alsolower, as reflected by weaker Dutch Title Transfer Facility (TTF) prices. European gas prices were lower due to: the rise in LNG volume diverted from the Asia-Pacific region caused by weaker Asia-Pacific demand growth; robust supply of pipeline gas, particularly from Russia; well-filled gas storage inventories; competition with renewables in power generation; and mild weather.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "540": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 540, + "paragraph": "We also produce and sell natural gas in regions where supply, demand and regulatory circumstances differ markedly from those in the USA or Europe. Long-term contracted LNG prices in 2019 in the Asia-Pacific region were broadly comparable to 2018 prices as they are predominantly indexed to oil prices, particularly to the Japan Customs- cleared Crude (JCC) index which has been generally stable year-on-year. Meanwhile, delivered North Asia spot prices, reflected by the Japan Korea Marker, declined by 43% versus 2018 as a result of the oversupplyin the global LNG market.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "541": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 541, + "paragraph": "Looking ahead, we expect gas markets in North America, Europe and Asia-Pacific to be well supplied over the next few years, despite our expectation of LNG demand growth in Asia. Price developments areveryuncertain and dependent on many factors.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "542": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 542, + "paragraph": "In the USA, Henry Hub gas prices may increase over the next few yearsdue to: increasing demand from LNG exports; exports to Mexico bypipeline; and residential and industrial users. On the other hand, increasing availability of low-cost natural gas and oil, combined with technological improvements, could continue to place pressure on natural gas prices. In Europe, we believe gas prices will be increasingly influenced by the cost of LNG imports from the USA. In the Asia-Pacific region, long-term gas prices are expected to continue to be strongly influencedbyoil prices and spot prices increasingly by gas supplyanddemand fundamentals.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "543": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 543, + "paragraph": "CRUDE OIL AND NATURAL GAS PRICE ASSUMPTIONS Our ability to deliver competitive returns and pursue commercial opportunities ultimately depends on the accuracy of our price assumptions (see \u201cRisk factors\u201d on page 27). We determine the range of possible future crude oil and natural gas prices to be used in project and portfolio evaluations after a rigorous assessment of short, medium and long-term market drivers. We consider historical analyses, trends and statistical volatility, and market fundamentals such as possible future economic conditions, geopolitics, actions by OPEC and other major resource holders, production costs, and the balance of supply and demand. We use sensitivity analyses to test the impact of low-price drivers like economic weakness, and the effect of high-price drivers, such as strong economic growth and low investment in new production capacity. See also Note 8 to the \u201cConsolidated Financial Statements\u201d on pages 210-213.", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + }, + "544": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 544, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 41, + "start_index_page": 532, + "last_index_page": 544 + } + }, + "42": { + "545": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 545, + "paragraph": "The outlook for petrochemical margins in 2020 and beyond depends onsupply and demand balances and feedstock costs. Demand for petrochemicals is closely linked to economic and trade growth. Product prices reflect prices of raw materials, which are closely linked to crude oiland natural gas prices. The balance of these factors will drive margins.", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "546": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 546, + "paragraph": "The statements in this \u201cMarket overview\u201d section, including those relatedto our price forecasts, are forward-looking statements based onmanagement\u2019s current expectations and certain material assumptions and, accordingly, involve risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed orimplied herein. See \u201cAbout this Report\u201d on pages 2-3 and \u201cRisk factors\u201d on pages 27-36.", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "547": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 547, + "paragraph": "Refining marker average industry gross margins", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "548": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 548, + "paragraph": "US West Coast US Gulf Coast Coking Rotterdam Complex Singapore", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "549": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 549, + "paragraph": "Industry gross refining margins were lower on average in 2019 than in 2018 in three of the four key refining hubs of Europe, Singapore and the US Gulf Coast. Only in the US West Coast did gross margins improve due to, in-part, unplanned outages in the region, which supported product prices. Globally, year-on-year growth in demand for oil products has slowed in line with slowing global economic growth. Refinery capacity additions, especially in the Middle East and Asia, combined with lower demand growth have led to generally lower refinery utilisations, which weakened margins. Refinery activity continued to be low in Latin America amid the ongoing geopolitical uncertainty and poor investment climate.", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "550": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 550, + "paragraph": "On January 1, 2020 the new International Maritime Organization low-sulphur shipping fuel specification came into effect. The refining industry started to transition to the new specification in the second half of 2019 by building a significant inventory of low-sulphur fuels. The full effects of the implementation are expected to materialise in 2020.", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "551": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 551, + "paragraph": "Refinery margins could weaken in 2020 if the coronavirus materially impacts global demand for oil products.", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "552": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 552, + "paragraph": "Cracker industry margins [A]", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "553": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 553, + "paragraph": "North East/South East Asia naphtha Western Europe naphtha US ethane [A] ICIS data is quoted. Cracker industry margins have been revised from Q1 2018 onwards ", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "554": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 554, + "paragraph": "dueto updated cracker margin calculation methodology by ICIS. Further revisions based on available market information to external industry data provider up to the end of the period.", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "555": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 555, + "paragraph": "In 2019, Chinese GDP growth slowed and there was continued uncertainty regarding trade and tariffs between the USA and China. Demand growth in several chemicals end-consumption markets slowed and, in the automotive sector, demand even contracted. Cracker industry margins in Asia halved. Cracker margins in Western Europe and the USA were relatively unchanged versus 2018. West European margins were supported by a high level of maintenance outages in the first half of 2019, while in the USA margins were supported by low ethane prices.", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + }, + "556": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 556, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 42, + "start_index_page": 545, + "last_index_page": 556 + } + }, + "43": { + "557": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 557, + "paragraph": "Income for the period Current cost of supplies adjustment Total segment earnings [A][B], of which:", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "558": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 558, + "paragraph": "Integrated Gas Upstream Downstream Corporate", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "559": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 559, + "paragraph": "Capital expenditure Cash capital expenditure [B] Capital investment [B] Operating expenses [B] Return on average capital employed [B] Gearing at December 31 [C] Oil and gas production (thousand boe/d) Proved oil and gas reserves at December 31 (million boe) [A] Segment earnings are presented on a current cost of supplies basis. See Note 4 to the \u201cConsolidated Financial Statements\u201d on pages 206-208. [B] See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280. [C] Gearing at end of 2019 on IAS 17 basis was 25%.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "560": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 560, + "paragraph": "$ million, except where indicated 2017 13,435 (964) 12,471 5,078 1,551 8,258 (2,416) 20,845 21,533 23,655 38,083 5.8% 25.0% 3,664 12,233", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "561": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 561, + "paragraph": "2018 23,906 458 24,364 11,444 6,798 7,601 (1,479) 23,011 24,078 24,878 39,316 9.4% 20.3% 3,666 11,578", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "562": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 562, + "paragraph": "2019 16,432 (605) 15,827 8,628 4,195 6,277 (3,273) 22,971 23,919 28,788 37,893 6.7% 29.3% 3,665 11,096", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "563": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 563, + "paragraph": "EARNINGS 2019-2018 Income for the period was $16,432 million in 2019, compared with $23,906 million in 2018. After current cost of supplies adjustment, total segment earnings were $15,827 million in 2019, compared with $24,364million in 2018.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "564": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 564, + "paragraph": "Corporate earnings in 2019 were a loss of $3,273 million, compared witha loss of $1,479 million in 2018. The higher loss was mainly driven bythe introduction of IFRS 16 and reduced capitalised interest. This waspartly offset by reduced tax credits from financing and one-off charges. See \u201cCorporate\u201d on page 79.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "565": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 565, + "paragraph": "Earnings on a current cost of supplies basis (CCS earnings) exclude the effect of changes in the oil price on inventory carrying amounts, after making allowance for the tax effect. The purchase price of volumes sold in the period is based on the current cost of supplies during the same period, rather than on the historic cost calculated on a first-in, first-out (FIFO) basis. Therefore, when oil prices are decreasing, CCS earnings are likely to behigher than earnings calculated on a FIFO basis and, when prices areincreasing, CCS earnings are likely to be lower than earnings calculated on a FIFO basis.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "566": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 566, + "paragraph": "Integrated Gas earnings in 2019 were $8,628 million, compared with$11,444 million in 2018. The decrease was mainly driven by lower gains on sale of assets, lower realised oil, LNG and gas prices, higher impairments, higher operating expenses, negative movements in deferred tax positions and lower liquids production volumes. These effects were partly offset bystronger contributions from LNG trading and optimisation, and gains related to the fair value accounting of commodity derivatives. See \u201cIntegrated Gas\u201d on pages 45-51.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "567": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 567, + "paragraph": "Upstream earnings in 2019 were $4,195 million, compared with $6,798 million in 2018. The decrease is mainly driven by higher impairments, lower realised oil and gas prices, higher depreciation and higher well write-offs. This was partly offset by increased gains on sale of assets and higher volumes. See \u201cUpstream\u201d on pages 52-60.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "568": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 568, + "paragraph": "Downstream earnings in 2019 were $6,277 million, compared with $7,601 million in 2018. The decrease was mainly driven by lower realised chemicals, refining and trading margins, legal provisions and lower gains related to fair value accounting of commodity derivatives. This was partly offset by higher marketing margins, benefit from foreign exchange, introduction of IFRS 16 and lower operating costs. See \u201cDownstream\u201d onpages 70-78.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "569": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 569, + "paragraph": "EARNINGS 2018-2017 Income for the period was $23,906 million in 2018, compared with $13,435 million in 2017. After current cost of supplies adjustment, total segment earnings were $24,364 million in 2018, compared with $12,471million in 2017. ", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "570": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 570, + "paragraph": "Integrated Gas earnings in 2018 were $11,444 million, compared with$5,078 million in 2017. The increase was mainly driven by higher realised oil, gas, and LNG prices, higher gains on divestments, increased contributions from LNG trading, the impact of fair value accounting of commodity derivatives, and higher production. These effects were partly offset by the absence of a gain from the strengthening Australian dollar ona deferred tax position in 2017 and by higher operating expenses. See\u201cIntegrated Gas\u201d on pages 45-51.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "571": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 571, + "paragraph": "Upstream earnings in 2018 were $6,798 million, compared with $1,551 million in 2017. The increase was mainly driven by higher realised oil and gas prices, lower impairment charges, the absence of a charge as a result of US tax reform legislation in 2017, and lower well write-offs. This was partly offset by the movements in deferred tax positions, lower gains on divestments, lower production, and a charge related to the impact of the weakening Brazilian real on a deferred tax position. See \u201cUpstream\u201d on pages 52-60.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "572": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 572, + "paragraph": "Downstream earnings in 2018 were $7,601 million, compared with $8,258million in 2017. The decrease was mainly driven by higher operating expenses, unfavourable exchange rate effects, and lower realised base chemicals and refining margins. This was partly offset by higher realised marketing margins, lower charges related to provisions, theimpact of fair value accounting of commodity derivatives and higher gains on divestments. There was also a charge in 2017 as a result of UStax reform legislation. See \u201cDownstream\u201d on pages 70-78.", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + }, + "573": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 573, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 43, + "start_index_page": 557, + "last_index_page": 573 + } + }, + "44": { + "574": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 574, + "paragraph": "Corporate earnings in 2018 were a loss of $1,479 million, compared with a loss of $2,416 million in 2017. The lower loss was mainly driven by lower net foreign exchange losses and net interest expense, partially offset by higher costs. There was also a charge in 2017 as a result of US tax reform legislation. See \u201cCorporate\u201d on page 79.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "575": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 575, + "paragraph": "Accordingly, after taking production into account, our proved reserves decreased by 482 million boe in 2019, to 11,096 million boe at December 31, 2019, with a decrease of 314 million boe from subsidiaries and adecrease of 169 million boe from the Shell share of joint ventures andassociates.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "576": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 576, + "paragraph": "CASH CAPITAL EXPENDITURE AND OTHER INFORMATION Cash capital expenditure was $23.9 billion in 2019, compared with $24.1 billion in 2018. Capital investment was $28.8 billion in 2019, compared with $24.9 billion in 2018.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "577": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 577, + "paragraph": "Operating expenses reduced by $1.4 billion in 2019, to $37.9 billion.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "578": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 578, + "paragraph": "Our ROACE decreased to 6.7%, compared with 9.4% in 2018, mainly driven by a lower income in 2019.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "579": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 579, + "paragraph": "Gearing was 29.3% at the end of 2019, compared with 20.3% at the end of 2018, driven by IFRS 16 and a lower cash balance in 2019. Gearing at the end of 2019 on an IAS 17 basis was 25.0%.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "580": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 580, + "paragraph": "SIGNIFICANT ACCOUNTING ESTIMATES AND JUDGEMENTS See Note 2 to the \u201cConsolidated Financial Statements\u201d on pages 195-204.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "581": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 581, + "paragraph": "LEGAL PROCEEDINGS See Note 25 to the \u201cConsolidated Financial Statements\u201d on pages 235-237.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "582": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 582, + "paragraph": "PRODUCTION AVAILABLE FOR SALE Oil and gas production available for sale in 2019 was 1,338 million barrelsof oil equivalent (boe), or 3,665 thousand boe per day (boe/d), compared with 1,338 million boe, or 3,666 thousand boe/d, in 2018. In2019, lower production was due to the impact of divestments and fielddecline, partly offset by field ramp-ups in North America, Brazil, Australia and Trinidad and Tobago. ", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "583": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 583, + "paragraph": "Oil and gas production available for sale [A]", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "584": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 584, + "paragraph": "Crude oil and natural gas liquids Synthetic crude oil Bitumen Natural gas [B] Total Of which:", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "585": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 585, + "paragraph": "Integrated Gas Upstream", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "586": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 586, + "paragraph": "Thousand boe/d 2017 1,730 91 4 1,839 3,664", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "587": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 587, + "paragraph": "[A] See \u201cOil and gas information\u201d on pages 61-69. [B] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "588": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 588, + "paragraph": "PROVED RESERVES The proved oil and gas reserves of Shell subsidiaries and the Shell share ofthe proved oil and gas reserves of joint ventures and associates are summarised in \u201cOil and gas information\u201d on pages 61-69 and set out inmore detail in \u201cSupplementary information \u2013 oil and gas (unaudited)\u201d onpages 239-256.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "589": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 589, + "paragraph": "Before taking production into account, our proved reserves increased by 906 million boe in 2019. This comprised increases of 912 million boe from Shell subsidiaries and decreases of 6 million boe from the Shell share of joint ventures and associates. The increase from Shell subsidiaries included a net increase of 785 million boe from revisions and reclassifications, an increase of 5 million boe from improved recovery, an increase of 276 million from extensions and discoveries and a net decrease of 154 million boe related to purchases and sales of minerals in place. The decrease of 6 million boe from the Shell share of joint ventures and associates comprises a net decrease of 13 million boe from revisions and reclassifications, an increase of 3 million from extensions and discoveries and an increase of4million from improved recovery.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "590": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 590, + "paragraph": "In 2019, total oil and gas production was 1,388 million boe, of which 1,338 million boe was available for sale and 50 million boe was consumed in operations. Production available for sale from subsidiaries was 1,182 million boe and 43 million boe was consumed in operations. The Shell share of the production available for sale of joint ventures and associates was 156 million boe and 7 million boe was consumed in operations.", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + }, + "591": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 591, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 44, + "start_index_page": 574, + "last_index_page": 591 + } + }, + "45": { + "592": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 592, + "paragraph": "PERFORMANCE INDICATORS", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "593": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 593, + "paragraph": "These indicators enable management to evaluate Shell\u2019s performance against our strategy and operating plans. Those that are used in the determination ofthe Executive Directors\u2019 remuneration are asterisked below and on the following page. See \u201cDirectors\u2019 Remuneration Report\u201d on pages 135-163.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "594": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 594, + "paragraph": "Total shareholder return (%)*", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "595": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 595, + "paragraph": "Total shareholder return (TSR) is the difference between the share price atthe beginning of the year and the share price at the end of the year (each averaged over 90 days), plus gross dividends delivered during thecalendar year (reinvested quarterly), expressed as a percentage oftheshare price at the beginning of the year (averaged over 90 days). Thedata used are a weighted average in dollars for A and B shares. The TSRs of major publicly-traded oil and gas companies can be compared directly, thereby providing a way to determine how we are performing relative to our industry peers.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "596": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 596, + "paragraph": "Cash flow from operating activities ($ million)*", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "597": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 597, + "paragraph": "Cash flow from operating activities is the total of all the cash receipts andpayments associated with our sales of oil, gas, chemicals and other products. The components that provide a reconciliation from income forthe period are listed in the \u201cConsolidated Statement of Cash Flows\u201d. Thisindicator reflects our ability to generate cash to service and reduce our debt and for distributions to shareholders and investments. See \u201cLiquidity and capital resources\u201d on pages 80-83.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "598": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 598, + "paragraph": "Free cash flow is the sum of \u201cCash flow from operating activities\u201d and \u201cCash flow from investing activities\u201d, which are listed in the \u201cConsolidated Statement of Cash Flows\u201d. This indicator is used to evaluate the cash available for financing activities, including dividend payments, after investment in maintaining and growing our business. See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "599": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 599, + "paragraph": "Organic free cash flow ($ million)", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "600": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 600, + "paragraph": "Organic free cash flow is defined as free cash flow excluding the cashflows from acquisition and divestment activities. It is a measure usedby management to evaluate the generation of cash flow withoutthese activities. See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "601": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 601, + "paragraph": "Return on average capital employed (%)*", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "602": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 602, + "paragraph": "ROACE is defined as income for the period, adjusted for after-tax interest expense, as a percentage of the average capital employed during the year. Capital employed is the sum of total equity and total debt. ROACE measures the efficiency of our utilisation of the capital that we employ andis a common measure of business performance. See \u201cSummary of results\u201d on pages 40-41 and \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "603": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 603, + "paragraph": "Earnings on a current cost of supplies basis ($million)", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "604": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 604, + "paragraph": "Earnings per share on a current cost of supplies basis ($)", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "605": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 605, + "paragraph": "Earnings on a CCS basis is the income for the period, adjusted for the after-tax effect of oil-price changes on inventory. Segment earnings presented on a CCS basis is the earnings measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance. See \u201cSummary of results\u201d on pages 40-41 and \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "606": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 606, + "paragraph": "CCS earnings per share, which is on a diluted basis above, is calculated by dividing the CCS earnings attributable to shareholders (see \u201cNon- GAAP measures reconciliations\u201d on pages 279-280) by the average number ofshares outstanding over the year, increased by the average number ofdilutive shares related to share-based compensation plans.", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "607": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 607, + "paragraph": "Capital investment ($ million)", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "608": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 608, + "paragraph": "Capital investment is the sum of capital expenditure, investments in joint ventures and associates, investments in equity securities, as reported in the\u201cConsolidated Statement of Cash Flows\u201d, plus exploration expenses excluding wells written off and leases recognised in the period and other adjustments. Capital investment is a measure used to make decisions about allocating resources and assessing performance. See \u201cLiquidity and capital resources\u201d on pages 80-83 and \u201cNon-GAAPmeasures reconciliations\u201d on pages 279-280. ", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + }, + "609": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 609, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 45, + "start_index_page": 592, + "last_index_page": 609 + } + }, + "46": { + "610": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 610, + "paragraph": "Cash capital expenditure ($ million)", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "611": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 611, + "paragraph": "Cash capital expenditure is the sum of capital expenditure, investments injoint ventures and associates, and investments in equity securities, asreported in the \u201cConsolidated Statement of Cash flows\u201d. It is used to monitor investing activities on a cash basis, excluding items such as lease additions that do not necessarily result in cash outflows in the period. See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "612": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 612, + "paragraph": "Production available for sale (thousand boe/d)*", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "613": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 613, + "paragraph": "Production is the sum of all the average daily volumes of unrefined oil andnatural gas produced for sale by Shell subsidiaries and Shell\u2019s shareof those produced for sale by joint ventures and associates. Theunrefined oil comprises crude oil, NGLs, synthetic crude oil and bitumen. The gas volume is converted into equivalent barrels of oil tomakethe summation possible. See \u201cSummary of results\u201d on pages 40-41.", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "614": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 614, + "paragraph": "LNG liquefaction volumes (million tonnes)*", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "615": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 615, + "paragraph": "LNG liquefaction volumes is a measure of the operational performance ofour Integrated Gas business and LNG market demand. See \u201cIntegrated Gas\u201d on pages 45-51.", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "616": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 616, + "paragraph": "Refinery and chemical plant availability (%)*", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "617": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 617, + "paragraph": "Refinery and chemical plant availability is the weighted average of the actual uptime of plants as a percentage of their maximum possible uptime. The weighting is based on the capital employed, adjusted for cash and non-current liabilities. This indicator is a measure of the operational excellence of our Downstream manufacturing facilities. See \u201cDownstream\u201d on pages 70-78.", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "618": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 618, + "paragraph": "Gearing is defined as net debt (total debt less cash and cash equivalents) as a percentage of total capital (net debt plus total equity) at December 31. Gearing at the end of 2019 on an IAS 17 basis was 25.0%. The net debt calculation includes the fair value of derivative financial instruments used to hedge foreign exchange, interest rate risks relating to debt and associated collateral balances. The inclusion of these debt-related derivative balances reduces the volatility of net debt caused by fluctuations in foreign exchange and interest rates, and eliminates the potential impact of related collateral payments or receipts. Gearing is ameasure of the degree to which our operations are financed by debt. See \u201cLiquidity and capital resources\u201d on pages 80-83.", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "619": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 619, + "paragraph": "Project delivery on schedule (%)*", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "620": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 620, + "paragraph": "Project delivery on budget (%)*", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "621": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 621, + "paragraph": "Project delivery reflects our capability to complete major projects on timeand within budget on the basis of the targets set in our annual Business Plan. Project delivery on schedule measures the percentage ofprojects delivered on schedule. Project delivery on budget reflects theaggregate cost against the aggregate budget for those projects.", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "622": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 622, + "paragraph": "Proved oil and gas reserves (million boe)", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "623": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 623, + "paragraph": "Proved oil and gas reserves are the total estimated quantities of oil andgas from Shell subsidiaries and Shell\u2019s share from joint ventures andassociates that geoscience and engineering data demonstrate, withreasonable certainty, to be recoverable in future years from known reservoirs, at December 31, under existing economic conditions, operating methods and government regulations. Gas volumes are converted into boe using a factor of 5,800 scf/b. Reserves are crucial to an oil and gas company, as they constitute the source of future production. Reserves estimates are subject to change owing to a wide variety of factors, someof which are unpredictable. See \u201cRisk factors\u201d on pages 27-36, \u201cSummary of results\u201d on page 40-41, \u201cOil and gas information\u201d on pages 61-69 and \u201cSupplementary information \u2013 oil and gas (unaudited)\u201d on pages 239-256. ", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + }, + "624": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 624, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 46, + "start_index_page": 610, + "last_index_page": 624 + } + }, + "47": { + "625": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 625, + "paragraph": "Total recordable case frequency (injuries per million working hours)*", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "626": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 626, + "paragraph": "Chemicals GHG intensity (tonnes of CO2 equivalent/tonne petrochemicals produced)*", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "627": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 627, + "paragraph": "PERFORMANCE INDICATORS continued", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "628": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 628, + "paragraph": "Total recordable case frequency (TRCF) is the number of employees and contract staff injuries requiring medical treatment or time off for every million hours worked. It is a standard measure of occupational safety. See \u201cEnvironment and society\u201d on pages 84-90.", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "629": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 629, + "paragraph": "Number of operational Tier 1 and 2 process safetyevents*", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "630": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 630, + "paragraph": "A Tier 1 process safety event is an unplanned or uncontrolled release ofany material, including non-toxic and non-flammable materials, from aprocess with the greatest actual consequence resulting in harm to employees, contract staff, or a neighbouring community, damage to equipment, or exceeding a threshold quantity, as defined by the API Recommended Practice 754 and IOGP Standard 456. A Tier 2 processsafety event is a release of lesser consequence. See \u201cEnvironment and society\u201d on pages 84-90.", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "631": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 631, + "paragraph": "Chemicals GHG intensity is a measure of GHG emissions (direct and indirect GHG emissions associated with imported energy, excluding emissions from exported energy), expressed in metric tonnes of CO2 equivalent, emitted into the atmosphere per metric tonne of steam cracker,high-value petrochemicals production. See \u201cClimate change and energy transition\u201d on pages 91-98.", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "632": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 632, + "paragraph": "Number of operational spills of more than 100 kg", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "633": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 633, + "paragraph": "The operational spills indicator is the number of incidents in respect ofactivities where we are the operator in which 100 kg or more of oil oroilproducts were spilled as a result of those activities and reached theenvironment. See \u201cEnvironment and society\u201d on pages 84-90.", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "634": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 634, + "paragraph": "Direct GHG emissions (million tonnes of CO2 equivalent)", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "635": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 635, + "paragraph": "Direct GHG emissions from facilities operated by Shell, expressed inCO2equivalent. See \u201cClimate change and energy transition\u201d on pages91-98.", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "636": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 636, + "paragraph": "Net Carbon Footprint (grams of CO2 equivalentpermegajoule)*", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "637": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 637, + "paragraph": "Net Carbon Footprint is a comprehensive measure of the lifecycle carbon intensity of the energy products we sell. It is a weighted average of the lifecycle CO2 intensities of different energy products, normalised to the same point relative to their final end-use. It includes emissions from the extraction, transportation and processing of crude oil or gas or other feedstocks, transport of products, and our customers\u2019 emissions from the use of products we sell. Also included are emissions from elements of this life-cycle not owned by Shell, such as oil and gas processed by Shell but not produced by Shell; or from oil products and electricity marketed by Shell that have not been processed or generated at a Shell facility. Emissions compensated through various measures are also included, suchas emissions mitigated by nature-based solutions and carbon captureand storage technology. See \u201cClimate change and energy transition\u201d on pages91-98.", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "638": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 638, + "paragraph": "Upstream and Integrated Gas GHG intensity (tonnes of CO2 equivalent/tonne of hydrocarbon production available for sale)*", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "639": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 639, + "paragraph": "Upstream/midstream GHG intensity is a measure of GHG emissions (direct and indirect GHG emissions associated with imported energy, excluding emissions from exported energy), expressed in metric tonnes ofCO2 equivalent, emitted into the atmosphere per metric tonne ofhydrocarbon production available for sale. See \u201cClimate change and energy transition\u201d on pages 91-98.", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "640": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 640, + "paragraph": "Refining GHG intensity (tonnes of CO2 equivalent/UEDC\u2122)*", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "641": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 641, + "paragraph": "Refining GHG intensity is a measure of GHG emissions (direct and indirect GHG emissions associated with imported energy, excluding emissions from exported energy), expressed in metric tonnes of CO2 equivalent, emitted into the atmosphere per unit of Utilised Equivalent Distillation Capacity (UEDC\u2122). UEDC\u2122 is a proprietary metric of Solomon Associates. It is a complexity-weighted normalisation parameter that reflects the operating cost intensity of a refinery based on the size and configuration of its particular mix of process and non-process facilities. See \u201cClimate change and energy transition\u201d on pages 91-98. ", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + }, + "642": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 642, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 47, + "start_index_page": 625, + "last_index_page": 642 + } + }, + "48": { + "643": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 643, + "paragraph": "Segment earnings Including:", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "644": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 644, + "paragraph": "Revenue (including inter-segment sales) Share of profit of joint ventures and associates Interest and other income Operating expenses [A] Exploration Depreciation, depletion and amortisation Taxation charge", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "645": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 645, + "paragraph": "Capital expenditure Cash capital expenditure [A] Capital investment [A] Oil and gas production available for sale (thousand boe/d) LNG liquefaction volumes (million tonnes) [A] See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "646": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 646, + "paragraph": "$ million, except where indicated 2017 5,078", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "647": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 647, + "paragraph": "45,602 1,791 263 6,667 281 6,238 2,242 3,851 4,299 6,706 922 35.6", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "648": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 648, + "paragraph": "48,795 2,273 2,230 6,014 208 4,850 2,795 3,262 3,819 4,259 957 34.3", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "649": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 649, + "paragraph": "36,770 1,714 687 5,471 141 4,965 790 3,515 3,616 3,921 887 33.2", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "650": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 650, + "paragraph": "OVERVIEW Our Integrated Gas business manages liquefied natural gas (LNG) activities and the conversion of natural gas into gas-to-liquids (GTL) fuels and other products, as well as our New Energies portfolio. It includes natural gas and liquids exploration and extraction, and the operation ofupstream and midstream infrastructure that delivers gas and liquids to market. It markets and trades natural gas, LNG, electricity and carbon- emission rights, and markets and sells LNG as a fuel for heavy-duty vehicles and marine vessels.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "651": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 651, + "paragraph": "PRODUCTION AVAILABLE FOR SALE In 2019, production was 336 million barrels of oil equivalent (boe), or 922 thousand boe per day (boe/d), compared with 349 million boe, or 957 thousand boe/d in 2018. Natural gas production increased by 3% compared with 2018, mainly due to field ramp-ups in Australia and Trinidad and Tobago combined with higher availability at Pearl GTL in Qatar in 2019, partially offset by divestments. Liquids production decreased 27%, mainly due to the transfer of the Salym asset in Russia into the Upstream segment.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "652": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 652, + "paragraph": "BUSINESS CONDITIONS Global gas demand is estimated to have grown by about 2.4% in 2019 which is in line with the annual growth rate of 2.5% observed since the start of the century.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "653": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 653, + "paragraph": "Global LNG imports grew by 40 million tonnes in 2019. Significant LNG supply growth came mainly from Australia, the USA and Russia. In 2019, inventory levels were higher in Asia following mild winter conditions. LNG imports were down in Japan and South Korea due to milder weather and higher nuclear utilisation than in 2018. However, more LNG supply flowed into the European markets. ", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "654": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 654, + "paragraph": "Natural gas prices can vary from region to region.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "655": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 655, + "paragraph": "In the USA, the natural gas price at the Henry Hub averaged $2.5 per million British thermal units (MMBtu) in 2019, 19% lower than in 2018 and traded in a range of $2.0 to 4.1/MMBtu.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "656": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 656, + "paragraph": "In Europe, natural gas prices were lower than in 2018. The average price at the UK National Balancing Point (NBP) was 35 pence/therm, 43% lower than in 2018. At the main continental gas trading hubs \u2013 in the Netherlands, Belgium and Germany \u2013 prices were also lower, as reflectedby weaker Dutch Title Transfer Facility (TTF) prices. ", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "657": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 657, + "paragraph": "Long-term contracted LNG prices in the Asia-Pacific region are broadly comparable to 2018 prices as they are predominantly indexed to oil prices, particularly to the Japan Customs-cleared Crude (JCC) index which has been generally stable year-on-year. Meanwhile, North Asia spot prices, reflected by the Japan Korea Marker (JKM) were $5.55/ mmbtu, 43% lower than 2018 as a result of unprecedented additional supply of LNG coming on stream. ", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "658": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 658, + "paragraph": " See \u201cMarket overview\u201d on pages 37-40.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "659": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 659, + "paragraph": "LNG LIQUEFACTION VOLUMES LNG liquefaction volumes of 35.6 million tonnes in 2019 were 4% higher than in 2018, driven by additional volumes from increased feedgas availability, mainly from ventures, and new LNG capacity from the Prelude floating LNG facility in Australia and Elba LNG in USA, partly offset by the divestment of Malaysia LNG.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "660": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 660, + "paragraph": "LNG sales volumes of 74.45 million tonnes in 2019 were 5% higher than in2018, driven by our increased LNG purchases from third parties and byhigher LNG liquefaction volumes.", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "661": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 661, + "paragraph": "EARNINGS 2019-2018 Segment earnings in 2019 were $8,628 million, which included a net charge of $326 million. The net charge mainly reflected impairment charges of $890 million mostly in Australia, negative movements in deferred tax positions of $292 million and write-offs of $131 million inAustralia and Trinidad and Tobago, respectively. These were partly offset by a gain of $787 million related to the fair value accounting ofcommodity derivatives and a gain of $203 million on a sale of assetsinAustralia. ", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "662": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 662, + "paragraph": "Segment earnings in 2018 were $11,444 million, which included a net gain of $2,045 million. The net gain primarily reflected gains of $1,937 million on sale of assets, mainly related to the divestment of assets in Thailand, New Zealand and India. It also comprised a gain of $481 million related to the fair value accounting of commodity derivatives and impairment charges of $371 million related to investments in Trinidad and Tobago andShell\u2019s investment in a joint venture. ", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + }, + "663": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 663, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 48, + "start_index_page": 643, + "last_index_page": 663 + } + }, + "49": { + "664": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 664, + "paragraph": "INTEGRATED GAS continued", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "665": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 665, + "paragraph": "Excluding the net charge described above, segment earnings were $8,955 million in 2019 compared with $9,399 million in 2018. Earnings were negatively impacted by lower realised oil, LNG and gas prices, higher operating expenses (of which about 50% relates to New Energiesreflecting underlying business growth), and lower liquids production volumes, partly offset bysignificantly stronger contributionsfrom LNG trading and optimisation. ", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "666": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 666, + "paragraph": "EARNINGS 2018-2017 Segment earnings in 2018 were $11,444 million, which included a net gainof $2,045 million as described above.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "667": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 667, + "paragraph": "Segment earnings in 2017 were $5,078 million, which included a net charge of $190 million. The net charge mainly reflected a charge of $445 million on fair value accounting of commodity derivatives and a charge of$412 million as a result of US tax reform legislation, partly offset by again of $636 million from the strengthening Australian dollar on a deferred tax position.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "668": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 668, + "paragraph": "Excluding the net gain above, segment earnings were $9,399 million in 2018 compared with $5,268 million in 2017. Earnings were positively impacted by increased contributions from trading and higher realised oil, gas and LNG prices (around $4,200 million), increased LNG volumes from various assets across the portfolio (around $615 million). Earnings were negatively impacted by higher operating expenses (around $502 million of which $246 million relates to growth of New Energies activities) and lower dividends due to divestments (around $274 million).", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "669": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 669, + "paragraph": "In 2018, the impact of exchange rate movements of the Australian dollar on deferred tax balances was significantly reduced, as a result of the change in the fiscal functional currency of a number of Shell entities in Australia to the US dollar with effect from January 1, 2018.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "670": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 670, + "paragraph": "CASH CAPITAL EXPENDITURE AND CAPITAL INVESTMENT Cash capital expenditure in 2019 was $4.3 billion, compared with $3.8 billion in 2018. Capital investment in 2019 was $6.7 billion, compared with $4.3 billion in 2018.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "671": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 671, + "paragraph": "PORTFOLIO AND BUSINESS DEVELOPMENT Key portfolio events in 2019 included the following:", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "672": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 672, + "paragraph": "In December 2018, we formed two joint ventures: with EDF Renewables to build wind farms off the New Jersey coast; and with EDP Renewables (EDPR) to build wind farms off Massachusetts, in the USA. Leases were granted by the authorities for JV with EDF in December 2018 and with EDPR in February 2019. In November, Massachusetts state authorities selected our JV with EDPR (Shell interest 50%) to develop and supply 804 MW of clean, renewable energy from offshore wind to the electricity customers in the state; In February, we acquired sonnen, a provider of smart energy storagesystems; and In November, we acquired ERM Power, one of Australia\u2019s leading commercial and industrial electricity retailers.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "673": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 673, + "paragraph": "The following major milestones were reached in 2019: \u25a0", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "674": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 674, + "paragraph": "In June, the first shipment of LNG sailed from our Prelude Floating Liquefied Natural Gas facility (Shell interest 67.5%); In September, the first of 10 Moveable Modular Liquefaction System (MMLS) Units started up at Elba Island in Savannah, Georgia, USA;and In November, FID was taken for the Barracuda Project (Shell interest 100%), a subsea tie-back of two gas wells to an existing platform on the East Coast of Trinidad.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "675": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 675, + "paragraph": "We continued to divest selected assets during 2019, including: In Timor-Leste (East Timor), we sold our 26.6% interest in the undeveloped Sunrise gas field to the Timor-Leste government; and In India, we sold our 10% interest in Mahanagar Gas Limited.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "676": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 676, + "paragraph": "BUSINESS AND PROPERTY LNG AND GTL Australia We have interests in offshore production, LNG liquefaction and exploration licences in the North West Shelf (NWS) and Greater Gorgon areas of the Carnarvon Basin and in the Browse Basin. Woodside is the operator on behalf of the NWS joint venture (Shell interest 16.7%), whichproduced more than 480 thousand boe/d of gas and condensatesin 2019.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "677": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 677, + "paragraph": "We have a 25% interest in the Gorgon LNG joint venture, which is operated by Chevron. The venture started operating in 2016, producing from the offshore Gorgon and Jansz-Io fields via a three-train LNG plant on Barrow Island.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "678": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 678, + "paragraph": "We are also a partner in the Browse joint arrangement (Shell interest 27%) covering the Brecknock, Calliance and Torosa gas fields, which is operated by Woodside.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "679": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 679, + "paragraph": "We are the operator of Prelude FLNG (67.5% Shell interest). During 2019, the facility progressed through the start-up ramp-up phase, with the first condensate offtake in March 2019, followed by the first LNG offtake in June 2019 and the first NGL offtake in July 2019. Our other interests in the basin include a joint arrangement, with Shell as the operator, for the Crux gas and condensate field (Shell interest 82%) and other backfill and contingent resources.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "680": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 680, + "paragraph": "A significant discovery was made at the Bratwurst prospect in Browsebasin, Australia near the Prelude FLNG facility which presents anopportunity for a future tie-back to Prelude, currently under evaluation, tomaximise the FLNG value.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "681": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 681, + "paragraph": "The Prelude floating liquefied natural gas (FLNG) facility produces naturalgasoffthecoastof Australia.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "682": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 682, + "paragraph": "The sale of Shell\u2019s interest in the undeveloped Sunrise gas field in the TimorSea (Shell interest 26.6%) to the government of Timor-Leste wascompleted in 2019.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "683": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 683, + "paragraph": "We are a partner in both Shell-operated and other exploration joint arrangements in multiple basins, including Browse, Exmouth Plateau, andGreater Gorgon.", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + }, + "684": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 684, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 49, + "start_index_page": 664, + "last_index_page": 684 + } + }, + "50": { + "685": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 685, + "paragraph": "We have a 50% interest in Arrow, a Queensland-based joint venture withCNPC. Arrow owns coal-bed methane assets and a domestic powerbusiness.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "686": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 686, + "paragraph": "We have a 50% interest in train one and a 97.5% interest in train two ofthe Shell-operated Queensland Curtis LNG (QCLNG) venture. The two-train liquefaction plant has an installed capacity of 8.5 mtpa. We alsooperate the venture\u2019s natural gas operations, which include wells, compression stations and processing plants, in Queensland\u2019s Surat Basin. We have interests ranging from 44% to 74% in 24 field compression stations and six central processing plants. Our production of natural gasfrom the onshore Surat Basin supplies the liquefaction plant and thedomestic gas market.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "687": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 687, + "paragraph": "A gas sales agreement between Arrow and QCLNG has been signed, under which gas from Arrow\u2019s Surat Basin fields would flow to the QCLNG venture, which would then sell gas to local customers and exportit through its gas plant on Curtis Island.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "688": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 688, + "paragraph": "Indonesia We have a 35% interest in the INPEX Masela Ltd joint venture which ownsand operates the offshore Masela block. In June 2019, the joint venture received the official approval of Plan of Development (POD) for the Abadi LNG Project from the Indonesian government authorities. The government also granted a 20-year extension to the Masela block PSC inOctober 2019.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "689": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 689, + "paragraph": "Malaysia We operate a GTL plant, Shell MDS (Shell interest 72%). Using Shell technology, the plant converts gas into high-quality middle distillates, drilling fluids, waxes and specialty products.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "690": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 690, + "paragraph": "Netherlands We have access to import and storage capacity at the GATE LNG terminal in the Port of Rotterdam, Netherlands (Shell capacity rights 1.4million tonnes per annum (mtpa). We are also using the terminal to supply LNG to our growing truck-refuelling network in the Netherlands.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "691": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 691, + "paragraph": "Brunei We have a 25% interest in Brunei LNG Sendirian Berhad.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "692": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 692, + "paragraph": "Canada In 2018, we took FID on LNG Canada, a liquefied natural gas project in Kitimat, British Columbia, in which we hold a 40% interest. Construction started in October 2018 and first LNG is expected before the middle ofthis decade. ", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "693": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 693, + "paragraph": "Egypt We have interests of 35.5% in train one and 38% in train two of the Egyptian LNG (ELNG) plant. In January 2014, force majeure notices were issued under the LNG agreements as a result of domestic gas diversions severely restricting volumes available to ELNG. These notices remain in place. See \u201cOil and gas information\u201d on page 61-68.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "694": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 694, + "paragraph": "Gibraltar We have a 51% interest in the first LNG regasification facility in Gibraltar.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "695": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 695, + "paragraph": "India We hold a 100% interest in Shell Energy India Pvt Ltd, which operates a regasification terminal, and Hazira Port Pvt Ltd, which manages a cargo port at Hazira, both of which are located in the state of Gujarat on the west coast.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "696": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 696, + "paragraph": "Nigeria We have a 25.6% interest in Nigeria LNG Ltd, which operates six LNGtrains located on Bonny Island. ", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "697": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 697, + "paragraph": "Norway Gasnor AS (Shell interest 100%) provides LNG fuel for ships and industrial customers and has a natural gas pipeline network.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "698": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 698, + "paragraph": "Oman We have a 30% interest in Oman LNG LLC. We also have an 11% indirect interest in Qalhat LNG. ", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "699": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 699, + "paragraph": "In February 2019, we signed an Interim Upstream agreement that detailed a funding and a work programme for 2019 for the development of gas resources destined for integrated projects to help meet the Sultanate of Oman\u2019s growing need for energy. The other signatories were Petroleum Development Oman (PDO), Oman Oil Company (OOC) and Total. The project covers investments in gas exploration and production. The aim is tointegrate the Shell and OOC share of the upstream project with the development of a GTL plant currently under discussion, which would be developed and operated by Shell in partnership with OOC.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "700": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 700, + "paragraph": "Peru We have a 20% interest in the Peru LNG liquefaction plant.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "701": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 701, + "paragraph": "Operator looking at a vessel at the Shell Hazira port and LNG Terminal, India.", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + }, + "702": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 702, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 50, + "start_index_page": 685, + "last_index_page": 702 + } + }, + "51": { + "703": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 703, + "paragraph": "UK We have a 50% interest in the Dragon LNG regasification terminal, with long-term arrangements in place governing the use of capacity rights.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "704": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 704, + "paragraph": "USA We have offtake rights via a lease to 100% of the capacity (2.5 mtpa) of the Kinder Morgan-operated Elba Island liquefaction plant, which consists of 10 MMLS units. The first three of these units started up in 2019. We also lease regasification capacity on Elba Island with contracted capacity of 11.6 mtpa.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "705": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 705, + "paragraph": "We have 13.1 mtpa of contracted capacity in the Lake Charles regasification terminal in Louisiana. We are also evaluating a project to convert the existing regasification facility owned by Energy Transfer into a liquefaction plant in which we would have capacity rights. In March 2019, we signed a project framework agreement with Energy Transfer to advance the proposed Lake Charles LNG export project towards a potential FID. The Lake Charles LNG export project, is planned to have liquefaction capacity of 16.45 million tons per annum and is a 50:50 venture between the two parties.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "706": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 706, + "paragraph": "Trading and Supply Through our Shell Energy organisation, we market a portion of our share of equity production of LNG and trade LNG volumes around the world through our hubs in the UK, Dubai and Singapore. We also sell trucked LNG in China, Singapore and Europe.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "707": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 707, + "paragraph": "Other gas and power activities Bolivia We hold a 37.5% participating interest in the Caipipendi block, where we mainly produce from the Margarita and Huacaya gas-condensate fields. We are also exploring further in the Caipipendi block. We also have a 25% interest in the Petrobras-operated Tarija XX West block where we produce from the Ita field. We have the rights to explore and further develop the onshore Huacareta block (Shell interest 100% during exploration), and we are currently exploring there. In August 2019, we acquired a 15% participating interest in the Repsol-operated Iniguazu exploration Block. In May 2019, we relinquished the La Vertiente Block tothe government.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "708": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 708, + "paragraph": "China We jointly develop and produce from the onshore Changbei tight-gas field under a PSC with China National Petroleum Corporation (CNPC). In2016, we completed the Changbei I development programme under the PSC and subsequently handed over the production operatorship to CNPC. In December 2017, we took the FID on the Changbei II Phase 1project. We started drilling activity in early 2019, and remain the operator of Changbei II.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "709": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 709, + "paragraph": "INTEGRATED GAS continued", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "710": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 710, + "paragraph": "Qatar We operate the Pearl GTL plant (Shell interest 100%) in Qatar under a development and PSC with the government. The fully-integrated facility has capacity for production, processing and transportation of 1.6 billion standard cubic feet per day (scf/d) of gas from Qatar\u2019s North Field. It has an installed capacity of about 140 thousand boe/d of high-quality liquid hydrocarbon products and 120 thousand boe/d of natural gas liquids (NGL) and ethane.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "711": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 711, + "paragraph": "We have a 30% interest in Qatargas 4, which comprises integrated facilities to produce about 1.4 billion scf/d of gas from Qatar\u2019s North Field, an onshore gas-processing facility and one LNG train with a collective production capacity of 7.8 mtpa of LNG and 70 thousand boe/d of condensate and NGL.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "712": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 712, + "paragraph": "Operators at Pearl GTL plant, Qatar.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "713": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 713, + "paragraph": "Russia We have a 27.5% interest in Sakhalin-2, the joint venture with Gazprom, an integrated oil and gas project located on Sakhalin island.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "714": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 714, + "paragraph": "Singapore We have a 50% interest in a joint venture with KS Investments (the investment arm of Keppel Group) that holds a licence to supply LNG fuelfor vessels in the Port of Singapore. We have aggregator licences toimport LNG into Singapore and market the gas to power plants andother customers.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "715": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 715, + "paragraph": "Tanzania We have a 60% interest in, and are the operator of, Blocks 1 and 4 offshore southern Tanzania. The blocks cover approximately 4,000 square kilometres of the Mafia Deep Offshore Basin and the northern partof the Rovuma Basin. We continue to develop a potential LNG project with partners in Block 2, in line with the Block 1 and 4 appraisal programme agreed with the Tanzanian government. We are engaging with the government to extend the Block 4 licence. The government has confirmed that the Block 4 licence, which had initially been due to expireon October 31, 2017, remains in full force pending the grant ofthelicence extension.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "716": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 716, + "paragraph": "Trinidad and Tobago We have interests in three concessions with producing fields \u2013 Central Block, East Coast Marine Area (ECMA) and North Coast Marine Area (NCMA) blocks. We have a 65% interest in Central Block, 100% interest in ECMA and 80.5% interest in NCMA. We also own 90% interest in block 22 and 80% in NCMA 4 which include three undeveloped discoveries. Our interests range from 35% to 100% in exploration activitiesin blocks 5(c), 5(d), 6(d), and Atlantic Area blocks 3, 5, and 6.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "717": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 717, + "paragraph": "We are the largest shareholder in all four trains at Atlantic LNG.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "718": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 718, + "paragraph": "Changbei Natural Gas Processing Facility, China.", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + }, + "719": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 719, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 51, + "start_index_page": 703, + "last_index_page": 719 + } + }, + "52": { + "720": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 720, + "paragraph": "India We had a 30% interest in the producing oil and gas field Panna/Mukta and a 30% interest in the Mid Tapti and South Tapti fields. Both licences expired in December 2019 and operatorship was transferred to Oil & Natural Gas Corporation Limited (ONGC).", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "721": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 721, + "paragraph": "In 2019, we divested our 10% interest in Mahanagar Gas Limited, anatural gas distribution company in Mumbai.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "722": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 722, + "paragraph": "Trading and Supply Trading and Supply also markets and trades natural gas, power and carbon-emission rights in multiple markets in North and South America, Europe, Asia and Australia, of which a portion includes equity volumes from our upstream operations.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "723": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 723, + "paragraph": "We have set up a power marketing and trading business in Japan which began trading in 2019.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "724": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 724, + "paragraph": "In November 2019, we acquired ERM Power, one of Australia\u2019s leading commercial and industrial electricity retailers, which builds on Shell Energy Australia\u2019s existing gas marketing and trading capability.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "725": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 725, + "paragraph": "Other We have a 17.9% share in the West African Gas Pipeline Company Limited which owns and operates a 678-kilometre pipeline transporting gas from Nigeria to Ghana, Benin and Togo.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "726": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 726, + "paragraph": "We have a 40% interest in a gas pipeline connecting Uruguay to Argentina.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "727": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 727, + "paragraph": "We have a 35% interest in Cyprus block 12, holding the Aphrodite discovery which is currently under appraisal, a 60% interest in two deep-water blocks in Colombia, interests in offshore blocks in Myanmarand one exploration block licence in Namibia.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "728": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 728, + "paragraph": "We also have interests in Gabon and Morocco.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "729": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 729, + "paragraph": "New Energies Our New Energies business explores emerging opportunities linked to theenergy transition and invests in those where we see sufficient value. We focus on power, from generation to electric-vehicle charging to integration with Trading, as well as on new fuels for transport, including advanced biofuels and hydrogen.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "730": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 730, + "paragraph": "The New Energies portfolio is being built through organic growth and acquisitions. Most of these opportunities are in sectors that are different from Shell\u2019s existing oil and gas businesses, but have some similarities and/or adjacencies to our Downstream and gas and power trading businesses. Shell-controlled New Energies companies are subject totheShell Control Framework. Some are not yet in full compliance withtheShell Control Framework and we are working to bring them intocompliance with this framework in a fit-for-purpose manner.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "731": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 731, + "paragraph": "Shell Greenlots\u2019 EV charging, Columbus USA.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "732": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 732, + "paragraph": "Power We began supplying residential customers in the UK for the first time when we acquired First Utility in 2018. We rebranded First Utility to Shell Energy Retail in 2019. In November 2019, Shell Energy Retail completed the acquisition of Hudson Energy Supply UK Limited, which trades as Green Star Energy for consumers and Hudson Energy for businesses. ShellEnergy Retail supplies 100% renewable electricity via purchase ofcertificates, as well as natural gas and smart home technology to morethan 900 thousand homes in the UK.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "733": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 733, + "paragraph": "We own a majority interest in GI Energy, a US company that focuses on the integration of distributed energy resources. We refer to distributed energy when customers begin to generate their own power through solar panels or wind turbines, store it and redistribute it back into the grid.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "734": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 734, + "paragraph": "In 2019, we acquired German company sonnen, which provides battery storage systems to homes with solar panels. In 2019, we also acquired energy technology firm Limejump which provides energy storage to smaller renewable energy generators, allowing them to sell clean powerin real-time to the National Grid.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "735": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 735, + "paragraph": "Wind turbines at Noordzee Wind Farm, Netherlands.", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + }, + "736": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 736, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 52, + "start_index_page": 720, + "last_index_page": 736 + } + }, + "53": { + "737": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 737, + "paragraph": "INTEGRATED GAS continued", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "738": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 738, + "paragraph": "In the Netherlands we are part of the Blauwwind consortium (Shell interest 20%) which is developing the Borssele III and IV offshore wind farms that are designed to have a total installed capacity of 731.5 MW, enough to power about 825,000 Dutch homes. We have a 50% interest in the NoordzeeWind joint venture, an offshore wind power project in the Netherlands with total installed capacity of 108 MW.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "739": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 739, + "paragraph": "In the USA, we have developed and become co-owners of four onshore wind projects, from California to Texas. In December 2018, we formed two50:50 joint ventures: with EDF Renewables to build wind farms off the New Jersey coast; and with EDPR to build wind farms off Massachusetts. In November 2019 Massachusetts state authorities selected our JV with EDPR to develop and supply 804 MW of clean, renewable energy from offshore wind to electricity customers in the state.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "740": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 740, + "paragraph": "Solar panels at Silicon Ranch, West Virginia, USA.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "741": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 741, + "paragraph": "We own a 43.1% interest in Silicon Ranch Corporation, a developer, owner and operator of solar energy assets in the USA.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "742": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 742, + "paragraph": "INTEGRATED GAS DATA TABLE", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "743": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 743, + "paragraph": "LNG liquefaction volumes", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "744": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 744, + "paragraph": "In 2019, we acquired a 49% interest in Cleantech Solar, which provides solar power to commercial and industrial customers across South-East Asia and India. In 2019, we also acquired a 49% interest in ESCO Pacific, a utility scale solar developer and long-term asset management company in Australia. ", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "745": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 745, + "paragraph": "In 2019, we completed the acquisition of EOLFI, a French renewable energies developer specialising in floating offshore wind projects.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "746": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 746, + "paragraph": "Through our NewMotion subsidiary, Shell is developing other flexible solutions for EV drivers to charge their vehicles at home or at work. NewMotion operates around 50 thousand private electric charge pointsfor homes and businesses in the Netherlands, Germany, Franceand the UK.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "747": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 747, + "paragraph": "In 2019, we acquired Greenlots, a California-based company that provides EV charging posts, charging network software and grid services across the USA and has growing business in Canada, Thailand, Malaysia and Singapore.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "748": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 748, + "paragraph": "New fuels for transport In Bangalore, India, we have built a demonstration plant that is designed to turn waste into petrol or diesel that can power cars.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "749": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 749, + "paragraph": "In Oregon, USA, we are developing a facility to produce renewable natural gas (RNG) from organic waste through a process called anaerobic digestion.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "750": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 750, + "paragraph": "We are part of joint ventures and alliances that have built hydrogen fillingstations for passenger cars in the USA (California), Canada, Germany and the UK and announced plans to build several stations intheNetherlands. In California, Shell is also developing filling stations forhydrogen trucks, in co-operation with Toyota, Kenworth and the PortofLos Angeles.", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "751": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 751, + "paragraph": "Australia Brunei Egypt Malaysia Nigeria Norway Oman Peru Qatar Russia Trinidad and Tobago United States Total [A] Includes LNG liquefaction volumes related to our share in equity securities of Woodside, that were disposed of in 2017. [B] Includes LNG liquefaction volumes related to our share in equity securities of Malaysia LNG Tiga, that were disposed of in 2018. ", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "752": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 752, + "paragraph": "2019 12.5 1.6 0.4 \u2013 5.3 0.1 2.6 0.9 2.5 3.0 6.7 0.1 35.6", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "753": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 753, + "paragraph": "11.1 [A] 1.6 0.2 1.3 [B] 5.2 0.1 2.0 0.9 2.4 3.1 5.3 \u2013 33.2", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "754": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 754, + "paragraph": "2018 12.1 1.6 0.3 0.6 [B] 5.1 0.1 2.4 0.8 2.3 3.1 5.8 \u2013 34.3", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + }, + "755": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 755, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 53, + "start_index_page": 737, + "last_index_page": 755 + } + }, + "54": { + "756": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 756, + "paragraph": "LNG AND GTL PLANTS AT DECEMBER 31, 2019", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "757": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 757, + "paragraph": "LNG liquefaction plants in operation", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "758": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 758, + "paragraph": "Peru Trinidad and Tobago", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "759": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 759, + "paragraph": "Brunei LNG Oman LNG Qalhat LNG Qatargas 4 Sakhalin LNG", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "760": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 760, + "paragraph": "Australia North West Shelf Gorgon LNG Prelude Queensland Curtis LNG T1 Queensland Curtis LNG T2", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "761": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 761, + "paragraph": "Egyptian LNG T1 Egyptian LNG T2 Nigeria LNG", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "762": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 762, + "paragraph": "Peru LNG Atlantic LNG T1 Atlantic LNG T2/T3 Atlantic LNG T4", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "763": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 763, + "paragraph": "[A] As reported by the operator. [B] Interest, or part of the interest, is held via indirect shareholding.", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "764": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 764, + "paragraph": "LNG liquefaction plants under construction", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "765": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 765, + "paragraph": "Lumut Sur Sur Ras Laffan Prigorodnoye", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "766": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 766, + "paragraph": "Karratha Barrow Island Browse Basin Curtis Island Curtis Island", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "767": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 767, + "paragraph": "Pampa Melchorita Point Fortin Point Fortin Point Fortin", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + }, + "768": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 768, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 54, + "start_index_page": 756, + "last_index_page": 768 + } + }, + "55": { + "769": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 769, + "paragraph": "Segment earnings Including:", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "770": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 770, + "paragraph": "Revenue (including inter-segment sales) Share of profit of joint ventures and associates Interest and other income Operating expenses [A] Exploration Depreciation, depletion and amortisation Taxation charge/(credit)", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "771": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 771, + "paragraph": "Capital expenditure Cash capital expenditure [A] Capital investment [A] Oil and gas production available for sale (thousand boe/d) [A] See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "772": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 772, + "paragraph": "$ million, except where indicated 2017 1,551", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "773": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 773, + "paragraph": "46,413 379 2,180 12,043 2,073 17,003 5,954 10,074 10,277 11,075 2,743", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "774": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 774, + "paragraph": "47,733 285 600 12,157 1,132 13,006 8,791 12,447 12,582 12,785 2,709", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "775": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 775, + "paragraph": "40,192 623 1,188 12,656 1,804 17,303 2,409 11,389 11,670 13,160 2,777", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "776": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 776, + "paragraph": "OVERVIEW 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 infrastructure necessary to deliver them to market. We are also involved in the extraction of bitumen from mined oil sands and its conversion into synthetic crude oil.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "777": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 777, + "paragraph": "BUSINESS CONDITIONS Global oil demand grew by 1.0 million barrels per day (b/d), or 1.0%, to 100.3 million b/d in 2019, according to the International Energy Agency\u2019s Oil Market Report published in January 2020. Brent crude oil, an international benchmark, traded between $53 per barrel (/b) and $75/b in 2019, ending the year at the lower price of $67/b. It averaged $64/b for the year, $7/b lower than in 2018. ", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "778": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 778, + "paragraph": "On a yearly average basis, West Texas Intermediate crude oil traded at a $7/b discount to Brent in 2019, compared with $6/b in 2018. The discount remained broadly unchanged from 2018, reflecting continued constrained pipeline capacity from the landlocked Cushing storage hub to the US Gulf Coast, against a backdrop of growing supply to the hub. US crude oil exports increased further to about 3 million b/d in 2019, up by 1 million b/d from 2018. This helped to limit widening of the price differential between Brent and WTI.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "779": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 779, + "paragraph": "Global gas demand is estimated to have grown by about 2.4% in 2019, which is in line with the annual growth rate of 2.5% observed since the start of the century. Robust demand growth in power generation and industry was driven by attractive regional spot gas prices that incentivised switching away from competing fuels such as coal and oil. In the key regional markets of North America, Europe, and Asia-Pacific, attractive prices have been caused mainly by ample gas supply growth.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "780": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 780, + "paragraph": "In the USA, the natural gas price at the Henry Hub averaged $2.5 per million British thermal units (MMBtu) in 2019, 19% lower than in 2018, andtraded in a range of $2.0-4.1/MMBtu. There was some downward pressure on prices due to strong gas supply growth of about 8 billion cubic feet per day (cf/d), which averaged 10% higher than 2018. Gas supply growth was, in part, driven by a growth of associated gas from oil fields, helped by oil prices above $50/b, and by new gas pipeline capacity. Gasprices found support from: demand growth driven by below-normal storage inventory levels; an increase in usage of power for cooling due to warmer than normal weather in the second half of the year; completion of LNG liquefaction projects; increased exports to Mexico by pipeline; and US industrial growth. ", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "781": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 781, + "paragraph": "In Europe, natural gas prices were lower than in 2018. The average price at the UK National Balancing Point (NBP) was 43% lower in 2019. At the main continental gas trading hubs \u2013 in the Netherlands, Belgium and Germany \u2013 prices were also lower, as reflected by weaker Dutch Title Transfer Facility (TTF) prices. European gas prices were lower due to: therise in LNG volume diverted from the Asia-Pacific region caused byweaker Asia-Pacific demand growth; robust supply of pipeline gas, particularly from Russia; well-filled gas storage inventories; competition with renewables in power generation; and mild weather.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "782": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 782, + "paragraph": " See \u201cMarket overview\u201d on pages 37-39.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "783": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 783, + "paragraph": "PRODUCTION AVAILABLE FOR SALE In 2019, production was 1,001 million boe, or 2,743 thousand boe/d, compared with 989 million boe, or 2,709 thousand boe/d in 2018. Liquids production increased by 8% and natural gas production decreased by 9% compared with 2018.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "784": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 784, + "paragraph": "Increases were mainly from new field start-ups and the continuing ramp-up of existing fields (around 190 thousand boe/d), in particular in the Permian Basin in the USA, in the US Gulf of Mexico (Appomattox, Stones and Ursa) and in Brazil (Lula and Berbigao). Further increases from moving Salym from IG to Upstream (around 60 thousand boe/d). Decreases were mainly from divestments (around 90 thousand boe/d), field declines and performance maintenance (around 100 thousand boe/d).", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "785": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 785, + "paragraph": "EARNINGS 2019-2018 Segment earnings in 2019 were $4,195 million, which included a net charge of $1,930 million related to impairments, primarily in the US Appalachia unconventional gas assets and a drilling rig joint venture, partly offset by a gain of $1,609 million on sale of assets, mainly in Denmark and the US Gulf of Mexico. ", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "786": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 786, + "paragraph": "Segment earnings in 2018 were $6,798 million, which included a net gain of $23 million. This included a net gain of $886 million on sale of assets, mainly related to our divestments in Iraq, Malaysia, Oman and Ireland, and a gain of $149 million related to the fair value accounting of commodity derivatives. These gains were partly offset by a charge of $561 million related to the impact of the weakening Brazilian real on a deferred tax position, a net impairment charge of $350 million mainly related to assets in North America and deep-water rig joint ventures, anda charge of $90 million related to the release of historic currencydifferences.", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + }, + "787": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 787, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 55, + "start_index_page": 769, + "last_index_page": 787 + } + }, + "56": { + "788": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 788, + "paragraph": "Excluding the net charge described above, segment earnings in 2019 were $4,744 million, compared with $6,775 million in 2018. Earnings excluding the net charge were adversely impacted by lower realised oil and gas prices, higher depreciation as well as higher well write-offs mainly in Albania and Kazakhstan, partly offset by higher sales volumes associated with the timing of liftings.", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "789": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 789, + "paragraph": "EARNINGS 2018-2017 Segment earnings in 2018 were $6,798 million, which included a net gain of $23 million as described above.", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "790": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 790, + "paragraph": "Segment earnings in 2017 were $1,551 million, which included a net charge of $1,540 million. This net charge included impairment charges of$2,557 million, mainly related to divestments of our oil sands interests inCanada, onshore assets in Gabon and our interest in the Corrib gas project in Ireland. The net charge also involved $1,089 million related to US tax reform legislation, and redundancy and restructuring charges of $163 million. These charges were partly offset by gains on divestments of$1,463 million, mainly related to a package of UK North Sea assets, acredit of $772 million mainly reflecting the release of tax liabilities, andother items with a net positive impact of $34 million.", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "791": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 791, + "paragraph": "In Malaysia, we took FID on the second phase of the Malikai deep water development (Shell interest 35%); In Nigeria, we announced the release of Invitation to Tender (ITT) tocontractors for the development of the Bonga South West Aparo (BSWA) oil field; In Oman, our partnership with Oman Oil Company Exploration production to explore for oil and gas in Block 42 was ratified (Shell interest 50%); ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "792": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 792, + "paragraph": " \u25a0 Also in Oman, we signed an Exploration & Production Sharing ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "793": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 793, + "paragraph": "Agreement for Block 55 in the southeast of the Sultanate (Shell interest 100%). This agreement is awaiting ratification via Royal Decree; In So Tom and Prncipe, in the Gulf of Guinea, we acquired interests in Block 6 (Shell interest 20%) and Block 11 (Shell interest 30%) exploration licences; In South Africa, we entered the frontier deep-water Cape Basin (Shell interest 40%) and a second block adjacent to our existing acreage in the Namibian Orange Basin (Shell interest 45%); In the UK, we announced FID to export gas and oil from the Pierce field, which is located 165 miles east of Aberdeen (Shell interest 92.5%); In the US Gulf of Mexico, we announced FID to develop the PowerNap field (Shell interest 100%); ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "794": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 794, + "paragraph": " \u25a0 Also in the US Gulf of Mexico, we acquired 77 blocks across multiple ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "795": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 795, + "paragraph": "plays in the Gulf of Mexico Lease Sale 252; and In the USA, we made a significant discovery at the Blacktip prospect in the deep-water US Gulf of Mexico (Shell interest 52.4%). Blacktip is our second significant discovery in the Perdido Corridor and is part of a continuing exploration strategy to add competitive deep-water options to extend our heartlands. ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "796": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 796, + "paragraph": "In the Netherlands, the Dutch government decided to halt Groningen production by 2022, eight years earlier than initially planned.", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "797": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 797, + "paragraph": "We achieved the following operational milestones in 2019:", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "798": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 798, + "paragraph": "In deep water off Brazil, we announced first production from two of our FPSOs: P-67, in Lula North (Shell interest 23%, post-unitisation); and P-68, in Berbigo (Shell interest 25%, subject to unitisation); In Italy, the Tempa Rossa oil field started up in December 2019 (Shell interest 25%); In Malaysia, we completed phase 2 of the Gumusut-Kakap deep-water project, drilling four additional subsea wells (Shell interest 29%); In Malaysia offshore Sarawak, we produced first oil and gas from theE6 field in SK308 PSC (Shell interest 50%). We also produced firstgas from the Larak field in the SK408 PSC (Shell interest 30%); In the US Gulf of Mexico, we announced first production from Appomattox (Shell interest 79%). It is the first commercial discovery brought into production in the deep-water Norphlet formation in theUS Gulf of Mexico. ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "799": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 799, + "paragraph": "We continued to divest selected assets during 2019, including: \u25a0", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "800": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 800, + "paragraph": "In Canada, we sold our Foothills sour gas plants and the gas fields which feed them; In Denmark, we completed the sale of our 36.8% non-operating interest in our joint venture the Danish Underground Consortium, for$1.9 billion; In Norway, we sold 10% of our 12% interest in Nyhamna gas plant; In the US Gulf of Mexico, we sold our 22.45% non-operating interest inthe Caesar Tonga asset; ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "801": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 801, + "paragraph": " \u25a0 Also in the USA, we sold our non-Shell operated interest in ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "802": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 802, + "paragraph": "theHaynesville shale gas formation in Northern Louisiana; and \u25a0 Also in the USA, we sold our Norphlet deep-water gathering ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "803": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 803, + "paragraph": "pipelinesystem in the US Gulf of Mexico.", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "804": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 804, + "paragraph": "Excluding the net charges described above, segment earnings in 2018 were $6,775 million compared with $3,091 million in 2017. Earnings benefited from higher realised oil and gas prices (around $4,770 million) and lower well write-offs (around $400 million). These impacts were partly offset by the impact of movements in deferred tax positions (around $1,520 million) and lower production volumes (around $510 million).", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "805": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 805, + "paragraph": "CASH CAPITAL EXPENDITURE AND CAPITAL INVESTMENT Cash capital expenditure in 2019 was $10.3 billion, compared with $12.6billion in 2018. Capital investment in 2019 was $11.1 billion, compared with $12.8 billion in 2018.", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "806": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 806, + "paragraph": "The lower cash capital expenditure and capital investments in 2019 reflected our continuing efforts to improve capital efficiency by pursuing lower cost development solutions, the completion of the Appomattox project, IFRS16 implementation effects and the 2018 impacts of relative higher spend for lease renewals in Nigeria and additional investments inexploration acreage.", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "807": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 807, + "paragraph": "PORTFOLIO AND BUSINESS DEVELOPMENT We took the following key portfolio decisions during 2019:", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "808": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 808, + "paragraph": "In Argentina we won two exploration blocks in the deep-water bid round (Shell interest 60%);", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "809": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 809, + "paragraph": " \u25a0 Also in Argentina, we agreed a 50:50 partnering with Equinor to jointly acquire Schlumberger\u2019s 49% interest in the Bandurria Sur block located in the Vaca Muerta basin (Shell interest 24.5%); In Brazil, we announced the Final Investment Decision (FID) to contract the Mero 2 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field offshore Santos Basin in Brazil; In Brunei, we acquired the deep-water exploration Block CA-1 (Shell interest 86.95%). The deal is expected to complete in 2020; In Egypt, we announced the intention to sell our onshore upstream assets in the country; ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "810": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 810, + "paragraph": " \u25a0 Also in Egypt, we were awarded onshore concessions with 100% Shell interest (West El Fayum, South East Horus, South Abu Sennan) and one producing concession extension (Bed 2-17); ", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "811": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 811, + "paragraph": " \u25a0 Also in Egypt, we were awarded two concessions in the Red Sea bid round: Block 4 (Shell interest 70%) and Block 3 as the sole operator. This is awaiting ratification; In Kazakhstan, we decided not to progress the Kalamkas-Khazar projects. These projects were not deemed competitive compared to other opportunities in our global portfolio;", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + }, + "812": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 812, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 56, + "start_index_page": 788, + "last_index_page": 812 + } + }, + "57": { + "813": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 813, + "paragraph": "BUSINESS AND PROPERTY Our subsidiaries, joint ventures and associates are involved in all aspects of upstream activities, including matters such as land tenure, entitlement toproduced hydrocarbons, production rates, royalties, pricing, environmental protection, social impact, exports, taxes and foreignexchange.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "814": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 814, + "paragraph": "The conditions of the leases, licences and contracts under which oil and gas interests are held vary from country to country. In almost all cases outside North America, the legal agreements are generally granted by, orentered into with, a government, state-owned company, government- run oil and gas company or agency, and the exploration risk usually rests withthe independent oil and gas company. In North America, these agreements may also be with private parties that own mineral rights. Ofthese agreements, the following are most relevant to our interests:", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "815": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 815, + "paragraph": "Licences (or concessions), which entitle the holder to explore for hydrocarbons and exploit any commercial discoveries. Under a licence, the holder bears the risk of exploration, development and production activities, and is responsible for financing these activities. Inprinciple, the licence holder is entitled to the totality of production less any royalties in kind. The government, state-owned company or government-run oil and gas company may sometimes enter into a joint arrangement as a participant, sharing the rights and obligations of the licence but usually without sharing the exploration risk. In a few cases, the state-owned company, government-run oil and gas company or agency has an option to purchase a certain share of production; Lease agreements, which are typically used in North America and areusually governed by terms similar to licences. Participants may include governments or private entities. Royalties are either paid in cash or in kind; and", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "816": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 816, + "paragraph": " \u25a0 PSCs entered into with a government, state-owned company or government-run oil and gas company. PSCs generally oblige the independent oil and gas company, as contractor, to provide all thefinancing and bear the risk of exploration, development and production activities in exchange for a share of the production. Usually, this share consists of a fixed or variable part that is reserved for the recovery of the contractor\u2019s cost (cost oil). The remaining production is split with the government, state-owned company or government-run oil and gas company on a fixed or volume/revenue-dependent basis. In some cases, the government, state-owned company or government-run oil and gas company will participate in the rights and obligations of the contractor and will share in the costs of development and production. Such participation can be across the venture or on a field-by-field basis.Additionally, as the price of oil or gas increases above certain predetermined levels, the independent oil and gas company\u2019s entitlement share of production normally decreases, and vice versa.Accordingly, its interest in a project may not be the same asitsentitlement.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "817": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 817, + "paragraph": "Europe Italy We have a 39% interest in the Val d\u2019Agri producing concession, operatedby ENI.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "818": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 818, + "paragraph": "We also have a 25% interest in the Tempa Rossa producing concessionoperated by Total.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "819": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 819, + "paragraph": "Netherlands Shell and ExxonMobil are 50:50 shareholders in Nederlandse Aardolie Maatschappij B.V. (NAM). An important part of NAM\u2019s gas production comes from the onshore Groningen gas field, in which NAM holds a 60%interest. The remaining 40% interest is held by EBN, a Dutch government entity.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "820": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 820, + "paragraph": "Production from the Groningen field induces earthquakes that cause damage to houses and other buildings and structures in the region. This has led to complaints and claims for compensation for damage from the local community. NAM is working with the Dutch government and other stakeholders to fulfil its obligations to the residents of the area, which includes compensation for damage caused by above-mentioned earthquakes.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "821": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 821, + "paragraph": "Since 2013, the Dutch Minister of Economic Affairs and Climate (the Minister) has set an annual production level for the Groningen field taking into account all interests, including safety of the residents, security of supply in the domestic gas market as well as supply commitments in EU member states. Production in the gas year 2018-2019 (ending October 1, 2019) was capped at 19.4 billion cubic metres; actual production in this period was 17.5 billion cubic metres.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "822": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 822, + "paragraph": "In June 2018, NAM\u2019s shareholders and the Dutch government signed a Heads of Agreement (HoA) to reduce production from Groningen and to ensure the financial robustness of NAM to fulfil its obligations. In the HoA, NAM\u2019s shareholders have agreed not to declare dividends for 2018 and 2019. Dividend payments in 2020 and beyond will only be done if a solvency ratio of 25% is reached. In September 2018, detailed agreements were signed to further implement the HoA. As part of these agreements, Shell guarantees NAM\u2019s payment obligations vis--vis the Dutch government in relation to earthquake-related damages and costs of strengthening houses, up to a maximum of 30%. This maximum equates to Shell\u2019s indirect interest in the Groningen production system.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "823": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 823, + "paragraph": "In September 2019, the government issued an update announcing that it was able to reduce Groningen production faster, stopping production in 2022, eight years earlier than initially planned. Negotiations are ongoing between the government and the NAM shareholders to discuss the compensation payable by the government to NAM in order to restore thebalance of the package of arrangements laid down in the 2018 HoA. ", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "824": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 824, + "paragraph": "NAM also has a 60% interest in the Schoonebeek oil field and operates 25 other hydrocarbon production licences onshore and offshore in the North Sea.", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + }, + "825": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 825, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 57, + "start_index_page": 813, + "last_index_page": 825 + } + }, + "58": { + "826": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 826, + "paragraph": "Norway We are a partner in 34 production licences on the Norwegian continental shelf. We are the operator in 14 of these, of which two are producing: the Knarr field (Shell interest 45%), and the Ormen Lange gas field (Shell interest 17.8%). We have interests in the producing fields Troll, Kvitebjrn, Sindre and Valemon, where we are not the operator.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "827": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 827, + "paragraph": "UK We operate a significant number of our interests on the UK continental shelf under a 50:50 joint-venture agreement with ExxonMobil. In addition to our oil and gas production from North Sea fields, we have various interests in the Atlantic Margin area where we are not the operator, principally in the West of Shetland area (Clair, Shell interest 28%), andSchiehallion (Shell interest approximately 45%).", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "828": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 828, + "paragraph": "Brent decommissioning using Allseas Pioneering Spirit, the world\u2019s largest construction vessel.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "829": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 829, + "paragraph": "In June 2019 the \u201cPioneering Spirit\u201d vessel safely completed the single-lift removal of the 25,000-tonne Brent Bravo topside from the North Sea. Brent Bravo is the second of four platforms, after Brent Delta, to be decommissioned and removed from the Brent oil and gas field. The UK Government initiated consultation with the other signatories of the OSPAR Convention on whether to issue derogations for leaving in-situ the footings of the Brent Alpha steel jacket and each of the gravity-based concrete installations of Brent Bravo, Brent Charlie and Brent Delta.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "830": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 830, + "paragraph": "In October 2019, we announced FID on a project to enable the export of gas and oil from the Pierce field, which lies 165 miles east of Aberdeen. It is a joint venture between Shell (92.52%) and Ithaca (7.48%). The project includes modifying the FPSO vessel, the Haewene Brim, owned and operated by Bluewater. Development is expected to take place between 2020 and 2021 and has Oil and Gas Authority (OGA) approval.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "831": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 831, + "paragraph": "Rest of Europe We also have interests in Albania, Bulgaria and Germany.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "832": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 832, + "paragraph": "Asia (including the Middle East and Russia) Brunei Shell and the Brunei government are 50:50 shareholders in Brunei Shell Petroleum Company Sendirian Berhad (BSP). BSP has long-term oil and gas concession rights onshore and offshore Brunei, and sells most of its gas production to Brunei LNG Sendirian Berhad (see \u201cIntegrated Gas\u201d onpage 47), with the remainder (12% in 2019) sold in the domestic market.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "833": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 833, + "paragraph": "In addition to our interest in BSP, we have a 35% non-operating interest in the Block B concession, where gas and condensate are produced from the Maharaja Lela field.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "834": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 834, + "paragraph": "We also have non-operating interest in the deep-water exploration Block CA-2 (Shell interest 12.5%), under PSC.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "835": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 835, + "paragraph": "A sale and purchase agreement was signed in October 2019 for the acquisition of Total E&P Deep Offshore Borneo B.V. and all of its interests in the deep-water exploration Block CA-1 (interest 86.95%), under PSC. The deal is expected to complete in 2020.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "836": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 836, + "paragraph": "Over the course of 2019, we have relinquished our interests in the Block Aconcession (Shell interest 53.9%) following the drilling of the Rapong exploration well. Linked to the relinquishment of Block A, we have also relinquished our interests the adjacent Block N (Shell interest 50%).", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "837": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 837, + "paragraph": "Iraq We have a 44% interest in the Basrah Gas Company, which gathers, treats and processes associated gas that was previously being flared fromthe Rumaila, West Qurna 1 and Zubair fields. The processed gas andassociated products, such as condensate and LPG, are sold to the domestic market. Any surplus condensate and LPG is exported. In 2019, Basrah Gas Company processed on average around 850 million scf/d ofassociated gas into dry gas, condensate and LPG.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "838": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 838, + "paragraph": "Kazakhstan We are the joint operator of the onshore Karachaganak oil and condensate field (Shell interest 29.3%), where we have a licence totheend of 2037. ", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "839": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 839, + "paragraph": "We have an interest in the North Caspian Sea Production Sharing Agreement (Shell interest 16.8%) which includes the Kashagan field in theKazakh sector of the Caspian Sea. The North Caspian Operating Company is the operator. This shallow-water field covers an area of around 3,400 square kilometres. Phase 1 development of the field is expected to lead to plateau oil production capacity of about 63 thousand boe/d by 2020 (Shell interest), with the possibility of increases with additional phases of development. ", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "840": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 840, + "paragraph": "We have a 7.4% interest in Caspian Pipeline Consortium, which owns andoperates an oil pipeline running from the Caspian Sea to the BlackSea across parts of Kazakhstan and Russia.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "841": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 841, + "paragraph": "Operators at the Karachaganak field in Kazakhstan.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "842": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 842, + "paragraph": "In 2019 we made the decision not to progress the Kalamkas-Khazar projects. These projects were not competitive enough compared to other opportunities in Shell\u2019s global portfolio.", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + }, + "843": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 843, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 58, + "start_index_page": 826, + "last_index_page": 843 + } + }, + "59": { + "844": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 844, + "paragraph": "Malaysia We explore for and produce oil and gas offshore Sabah and Sarawak under 16 PSCs, in which our interests range from 20% to 85%.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "845": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 845, + "paragraph": "Offshore Sabah, we operate two producing oil fields. These include theGumusut-Kakap deep-water field (Shell interest 29%), and the Malikaideep-water field (Shell interest 35%). In August 2019, phase 2 development of the Gumusut-Kakap field successfully achieved first oil and is expected to add 50 thousand boe/d of extra capacity (Shell interest). InDecember 2019, we also took FID on phase 2 of the Malikai project. The project involves the drilling of two additional oil producing wells and four water injection wells to enhance Malikai\u2019s expected recoverable oil volumes. We also have a 21% interest in the Siakap North-Petai deep- water field and a 30% interest in the Kebabangan field, both operated bythird parties. Additionally, we have exploration interests in Blocks SB-J, SB-G, SB-N, SB-3G, ND-6 and ND-7 PSCs.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "846": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 846, + "paragraph": "Offshore Sarawak, we are the operator of eight producing gas fields (Shell interest 50%). In June 2019, the Block SK8 PSC expired (Shell equity 37.5%). In 2019, the abandonment of depleted wells for Serai field (Shell interest 37.5%) and Saderi field (Shell interest 37.5%) were completed. In December 2019, we signed a binding Heads of Agreement (HOA) for the extension of the MLNG PSC. Under the terms of the HOA, Shell will continue to be the PSC operator for F6 and F23 hubs and retains the operatorship of E8, F13 East and F13 West fields. Shell will also be the operator for the new exploration acreage and new fields (F22, F27, Selasih), which will now be part of the MLNG Extension PSC. The key terms in the HOA will be further detailed in the definitive agreements expected to be signed in 2020. Nearly all the gas produced offshore Sarawak is supplied to Malaysia LNG and to our gas-to-liquids plant in Bintulu. See \u201cIntegrated Gas\u201d on page 47.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "847": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 847, + "paragraph": "In May 2019, first oil and gas were successfully achieved from the E6 field in SK308 PSC (Shell interest 50%) where the field is the first carbonate thin oil-rim and gas development in Malaysia. First gas was also successfully achieved from the Larak field in the SK408 PSC (Shell interest 30%) in December 2019.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "848": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 848, + "paragraph": "We also have interests in the Amended 2011 Baram Delta EOR PSC (Shellinterest 40%) and in Block SK-307 PSC (Shell interest 50%), and exploration interests in Blocks SK318, SK320, SK408 and SK319.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "849": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 849, + "paragraph": "Malikai deep-water platform, Malaysia.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "850": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 850, + "paragraph": "Oman We have a 34% interest in Petroleum Development Oman (PDO); the Omani government has a 60% interest. PDO is the operator of more than 200 oil fields, mainly located in central and southern Oman, over an area of 90,874 square kilometres. The concession expires in 2044.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "851": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 851, + "paragraph": "In October, we signed an Exploration & Production Sharing Agreement for Block 55 in the southeast of the Sultanate. Oman Shell now has a 100% working interest and operatorship of Block 55 with a total area of7,564 square kilometres. The agreement includes a work programme ofregional studies, seismic acquisition and other potential exploration activities. This agreement is awaiting ratification via Royal Decree.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "852": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 852, + "paragraph": "Russia We have a 50% interest in Salym Petroleum Development N.V., the joint venture with Gazprom Neft, developing the Salym fields in western Siberia, Khanty Mansiysk Autonomous District. ", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "853": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 853, + "paragraph": "We and Gazprom Neft each have a 50% interest in Khanty-Mansiysk Petroleum Alliance VOF partnership through which Shell is a holder of50% of shares in JSC Khanty-Mansiysk Petroleum Alliance.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "854": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 854, + "paragraph": "In June 2019, we signed an agreement with Gazprom Neft on the futuresales and purchase of the 50% participation interest in LLC Meretoyahaneftegaz. This transaction is expected to be completed in2020.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "855": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 855, + "paragraph": "With effect from January 1, 2019, Salym and Khanty-Mansiysk Petroleum Alliance VOF partnership is reported in the Upstream segment. Comparative information has not been restated.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "856": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 856, + "paragraph": "As a result of European Union and US sanctions prohibiting certain defined oil and gas activities in Russia, we suspended our support to Salym and Khanty-Mansiysk Petroleum Alliance VOF partnership in relation to shale oil activities since 2014. Also, Salym and Khanty- Mansiysk Petroleum Alliance VOF partnership also suspended any oftheirshale oil-related activities since 2014 as well. ", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "857": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 857, + "paragraph": "United Arab Emirates In Abu Dhabi, we have a 15% interest in the licence of ADNOC Gas Processing, which expires in 2028. ADNOC Gas Processing exports propane, butane and heavier-liquid hydrocarbons, which it extracts from the wet gas associated with the oil produced by ADNOC Onshore.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "858": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 858, + "paragraph": "Rest of Asia We also have interests in Jordan, Kuwait, the Philippines and Turkey.", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "859": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 859, + "paragraph": "Africa Egypt We have a 50% interest in the Badr Petroleum Company (BAPETCO), aself-operated joint venture between Shell and the Egyptian General Petroleum Corporation (EGPC). BAPETCO onshore operations are in the Western Desert where we have an interest in ten oil and gas producing concessions, as well as two exploration concessions (North East Obaiyed, North Matruh). In October 2019, we announced our intention to sell our onshore upstream assets in Egypt. In December 2019, we were awarded onshore concessions with 100% Shell interest (West El Fayum, South East Horus, South Abu Sennan) and one producing concession extension (Bed2-17). ", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + }, + "860": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 860, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 59, + "start_index_page": 844, + "last_index_page": 860 + } + }, + "60": { + "861": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 861, + "paragraph": "We have a 25% interest in the Burullus Gas Company (Burullus), a self-operated joint venture between Shell, EGPC and PETRONAS. Burullus operates the West Delta Deep Marine concession (Shell interest 50%), which supplies gas to both the domestic market and the Egyptian LNG plant (see \u201cIntegrated Gas\u201d on page 47).", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "862": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 862, + "paragraph": "We have a 60% interest in the development rights over the Harmattan Deep discovery and in the Notus discovery offshore the Nile Delta. ", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "863": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 863, + "paragraph": "We have interests in two gas-producing areas offshore the Nile Delta. Wehave a 40% interest in the Rashid Petroleum Company, a self- operated joint venture between Shell, EGPC and Edison, which operatesthe Rosetta concession (Shell interest 80%). ", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "864": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 864, + "paragraph": "With effect from January 1, 2020, our interest in the offshore Nile Delta will be reported in the Integrated Gas segment. Comparative information will not be restated. ", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "865": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 865, + "paragraph": "Nigeria Our share of production, onshore and offshore, in Nigeria was 266 thousand boe/d in 2019, compared with 255 thousand boe/d in 2018. Security issues, sabotage and crude oil theft in the Niger Delta remained significant challenges in 2019.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "866": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 866, + "paragraph": "Onshore The Shell Petroleum Development Company of Nigeria Limited (SPDC) is the operator of a joint venture (Shell interest 30%) that has 17 Niger Delta onshore oil mining leases (OML).", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "867": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 867, + "paragraph": "SPDC commenced litigation against the Federal Government (FGN), in the domestic court to challenge the non-renewal of OML 11. In August 2019, the Court ruled in favour of SPDC affirming that the SPDC JV has fulfilled its obligations under the law for the renewal of OML 11 and ordered the FGN to renew OML 11 for 20 years. In December 2019, the court further refused to grant an application by the FGN to suspend the implementation of the judgement. Though the FGN has appealed the decision of the Court, SPDC continues to operate the block supported bythe judgement in its favour which remains in force and unimpaired. ", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "868": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 868, + "paragraph": "SPDC supplies gas to Nigeria LNG Ltd (see \u201cIntegrated Gas\u201d on page47) mainly through its Gbaran-Ubie and Soku projects.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "869": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 869, + "paragraph": "In 2019, we took the FID on Soku NAG Compressor 2 and Gbaran Single Wells Hookup (Shell interest 30%).", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "870": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 870, + "paragraph": "Offshore Our main offshore deep-water activities are carried out by Shell Nigeria Exploration and Production Company Limited (SNEPCO, Shell interest 100%). SNEPCO has interests in four deep-water blocks, three of which are under PSC terms: Bonga and Erha. SNEPCO operates OMLs 118 (including the Bonga field FPSO, Shell interest 55%) and 135 (Bolia and Doro, Shell interest 55%) and has a 43.8% non-operating interest in OML133 (including the Erha FPSO). Separately, SNEPCO holds a 50% non-operating interest in oil prospecting licence (OPL) 245 (Zabazaba, Etan) under a production sharing agreement (PSA).", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "871": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 871, + "paragraph": "Authorities in various countries are investigating our investment in Nigerian oil block OPL 245 and the 2011 settlement of litigation pertaining to that block. See Note 25 to the \u201cConsolidated Financial Statements\u201d on pages235-237.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "872": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 872, + "paragraph": "SPDC also has three shallow-water licences (OMLs 74, 77 and 79) and a40% interest in the non-Shell-operated Sunlink joint venture that has oneshallow-water licence (OML 144); all four OMLs expire in 2034.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "873": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 873, + "paragraph": "In our Nigerian operations, we face various risks and adverse conditionswhich could have a significant adverse effect on our operational performance, earnings, cash flows and financial condition (see \u201cRisk factors\u201d on page 32). There are limitations to the extent to which we can mitigate these risks. We carry out regular portfolio assessments to remain acompetitive player in Nigeria for the long term. We support the Nigerian government\u2019s efforts to improve the efficiency, functionality anddomestic benefits of Nigeria\u2019s oil and gas industry, and we monitor legislative developments. We monitor the security situation and liaise with host communities, governmental and non-governmental organisations to help promote peace and safe operations. We continue to provide transparency in spills management and reporting, along with our deployment of oil-spill response capability and technology. We execute amaintenance strategy to support sustainable equipment reliability and have implemented a multi-year programme to reduce routine flaring of associated gas. See \u201cClimate change and energy transition\u201d on page 91-98.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "874": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 874, + "paragraph": "FPSO Bonga, offshore Nigeria.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "875": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 875, + "paragraph": "Rest of Africa We also have interests in Algeria, Mauritania, Namibia, So Tom and Principe, South Africa and Tunisia.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "876": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 876, + "paragraph": "North america Canada We have mineral leases mainly in Alberta and British Columbia. We produce and market natural gas, natural gas liquids, synthetic crude oil and bitumen.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "877": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 877, + "paragraph": "Shales We have approximately 1.4 million net mineral acres. Our position is primarily in the Duvernay play in Alberta and the Montney play in British Columbia. Activity includes drill-to-fill of our existing infrastructure and an investment focus on our liquid-rich shale acreage. Our Groundbirch asset has the potential to be an integral part of the LNG Canada value chain.", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + }, + "878": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 878, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 60, + "start_index_page": 861, + "last_index_page": 878 + } + }, + "61": { + "879": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 879, + "paragraph": "In 2019, we drilled and brought 30 wells onstream. We have interests in748 productive wells. In October 2019, we sold our Foothills assets comprising approximately 400 thousand net acres at Waterton, JumpingPound, West Central and Caroline, with associated gas processing facilities.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "880": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 880, + "paragraph": "Gulf of Mexico The Gulf of Mexico is our major production area in the USA and accounts for around 54% of our oil and gas production in the country. We have aninterest in approximately 320 federal offshore leases and our share ofproduction averaged 359 thousand boe/d in 2019.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "881": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 881, + "paragraph": "In May 2019, we signed an agreement to sell our 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor. Thetotal consideration for this deal was $965 million in cash. This wascompleted on July 1, 2019.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "882": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 882, + "paragraph": "In April 2019, we announced a significant discovery at the Blacktip prospect in the deep-water US Gulf of Mexico. Blacktip is a Wilcox discovery in the Perdido thrust belt and was discovered in the Alaminos Canyon Block 380, approximately 30 miles from the Perdido platform andWhale discovery. Evaluation is ongoing and appraisal planning isunderway to further delineate the discovery and define developmentoptions.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "883": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 883, + "paragraph": "In May 2019, production started at the Shell-operated Appomattox floating production system months ahead of schedule. Appomattox (Shell interest 79%) currently has an expected peak production of 175 thousand boe/d and is the first commercial discovery now brought into production in the deep-water Gulf of Mexico Norphlet formation. In August 2019, wetook the FID for the PowerNap deep-water project in the US Gulf of Mexico. PowerNap (Shell interest 100%), discovered in 2014, is a subsea tie-back to the Shell-operated Olympus production hub. The project is expected to start production in late 2021 and expected to produce up to35 thousand boe/d at peak rates. In August 2019, the Whale project moved into the Define phase. The project is 60% Shell and 40% Chevron, with the exception of the AC815 lease area which is 40% Shell and 60%Chevron. ", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "884": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 884, + "paragraph": "We are the operator of eight production hubs \u2013 Mars A, Mars B, Auger, Perdido, Ursa, Enchilada/Salsa, Appomattox and Stones \u2013 as well as the West Delta 143 Processing Facilities (Shell interests ranging from 38% to 100%). We also have non-operating interests in Nakika (Shell interest 50%) and we continue to produce from Coulomb (Shell interest 100%) which ties into the Nakika non-operated platform. Our production in theUS Gulf of Mexico assets was adversely impacted by operationalconstraints.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "885": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 885, + "paragraph": "Perdido offshore deep-water platform in the Gulf of Mexico.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "886": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 886, + "paragraph": "After selling our Foothills assets, we operate one natural gas processingfacility in Alberta and four natural gas processing facilitiesinBritish Columbia.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "887": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 887, + "paragraph": "Bitumen and synthetic crude oil Synthetic crude oil is produced by mining bitumen-saturated sands, extracting the bitumen from the sands and transporting it to a processing facility where hydrogen is added to produce a wide range of feedstocks for refineries. We have a 50% interest in 1745844 Alberta Ltd. (formerly known as Marathon Oil Canada Corporation), which holds a 20% interest in the Athabasca Oil Sands Project. With effect from January 1, 2020, our interest in the Bitumen and synthetic crude oil will be reported inthe Oil Products segment. Comparative information will not be restated.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "888": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 888, + "paragraph": "Transporting Shell Bitumen.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "889": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 889, + "paragraph": "Carbon capture and storage (CCS) We operate the Quest CCS project (Shell interest 10%), which captured and safely stored more than 1.1 million tonnes of carbon dioxide in 2019.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "890": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 890, + "paragraph": "USA We produce oil and gas in deep water in the Gulf of Mexico, heavy oil inCalifornia and oil and gas from shale in Pennsylvania and Texas. The majority of our oil and gas production interests are acquired under leases granted by the owner of the minerals underlying the relevant acreage, including many leases for federal onshore and offshore tracts. Such leases usually run on an initial fixed term that is automatically extended by the establishment of production for as long as production continues, subject to compliance with the terms of the lease (including, in the case of federal leases, extensive regulations imposed by federal law). Our share of production in the USA was in total 653 thousand boe/d in 2019.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "891": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 891, + "paragraph": "In December 2019, we recognised an impairment, mainly associated withthe US Appalachia unconventional gas assets. We will continue to regularly review the economic attractiveness of our Shales investments in light of the macroeconomic environment, which could result in changes todevelopment plans in the future. See Note 8 Property, plant and equipment on page 210-213.", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + }, + "892": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 892, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 61, + "start_index_page": 879, + "last_index_page": 892 + } + }, + "62": { + "893": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 893, + "paragraph": "Shales We have approximately 1.0 million net mineral acres. Our activity is focused in the Permian Basin in West Texas and the Marcellus and Uticaplays in Pennsylvania.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "894": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 894, + "paragraph": "Operator climbs drilling rig, Permian Basin, West Texas USA.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "895": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 895, + "paragraph": "In 2019, we drilled and brought 271 wells onstream. We have interests in more than 1,952 productive wells and operate seven central processing facilities. The USA represents 61% of our shales proved reserves and 80% of our shales liquids proved reserves. In the Permian Basin, we increased our production in 2019 by around 40% compared with 2018. In December 2019, the first integrated iShale facilities came on stream in East Slash Ranch of our Permian asset. Comprising two pads with eight wells in total and a central processing facility, this shale \u2019field of the future\u2019 brings together more than a dozen iShale technologies, including full wireless surveillance and controls, low greenhouse gas emissions technology, multiphase metering, artificial intelligence technologies andsolar-powered facilities.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "896": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 896, + "paragraph": "In February 2019, we sold approximately 27 thousand non-core net acres,with 61 wells and associated facilities in the Marshlands area ofPennsylvania.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "897": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 897, + "paragraph": "In February 2019, we also sold 695 non-producing non-core net acres inthe Permian Basin.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "898": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 898, + "paragraph": "In December 2019, we sold our non-Shell-operated interest in the Haynesville shale gas formation in Northern Louisiana.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "899": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 899, + "paragraph": "California We have a 51.8% interest in Aera Energy LLC which operates around 15,000 wells in the San Joaquin Valley in California, mostly producing heavy oil and associated gas.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "900": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 900, + "paragraph": "Alaska Shell retains two exploration acreage positions in the long-established North Slope area of Alaska. One is a non-operating interest of 50% in 13 federal leases, operated by ENI. An exploratory drilling operation for this joint venture is under way after being permitted by ENI. We continue to evaluate our 18 state leases at nearby Western Harrison Bay, which have geologic affinity with recent discoveries announced by other North Slopeoperators.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "901": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 901, + "paragraph": "Rest of North America We also have interests in Mexico.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "902": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 902, + "paragraph": "South america Argentina Shales We have more than 162 thousand net mineral acres in the Vaca Muerta basin, a liquids and gas-rich play located in the Neuqun Province. The operated acreage includes blocks in Cruz de Lorena and Sierras Blancas (Shell interest 90%), Coiron Amargo Sur Oeste (Shell interest 80%), and Bajada de Aelo (Shell interest 50%). We have a 45% non-Shell-operated interest in the Rincon La Ceniza and La Escalonada blocks. In 2019, we drilled and brought 15 wells onstream. We have interests in 47 producing wells. We have a 90% interest in our operated Sierras Blancas/Cruz de Lorena central processing facility. ", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "903": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 903, + "paragraph": "In December 2019, we agreed a 50:50 partnering with Equinor to jointly acquire Schlumberger\u2019s 49% interest in the Bandurria Sur block located in the Vaca Muerta basin (Shell interest 24.5%).", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "904": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 904, + "paragraph": "Offshore In April 2019, we won two frontier exploration blocks in the deep-water bid round offshore of Argentina. For both blocks, Shell is to be operator holding 60% of the participating interest, with Qatar Petroleum holding the remaining 40%. ", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "905": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 905, + "paragraph": "Brazil Our share of production in Brazil was in total 383 thousand boe/d in2019.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "906": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 906, + "paragraph": "We operate the Bijupir and Salema (Shell interest 80%) and BC-10 fields (Shell interest 50%) in the Campos Basin, offshore Brazil. Our operated portfolio also includes the Gato do Mato field in the Santos Basin and the adjacent Sul de Gato do Mato area (Shell interest 80%), for which development options are being evaluated. Our operated portfolio also includes 10 offshore exploration concessions in the Barreirinhas Basin (Shell interests ranging from 50% to 100%), pre-salt PSCs for Alto Cabo Frio Oeste (Shell interest 55% as operator) and Saturno (Shell interest 45% as operator) in the Santos Basin, C-M-791 exploration block (Shell Interest 40%) in the Campos Basis, and one block in the Potiguar Basin (Shell interest 100%). We have entered into an agreement with Ecopetrol for the sale of 30% interest in the Gato do Mato field and Sul de Gato do Mato area, which is still subject to regulatory approvals.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "907": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 907, + "paragraph": "FPSO P68 being towed into position, offshore Brazil.", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + }, + "908": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 908, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 62, + "start_index_page": 893, + "last_index_page": 908 + } + }, + "63": { + "909": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 909, + "paragraph": "In October 2019, during the sixteenth deep-water bid round organised bythe Brazilian National Petroleum Agency (ANP), we were granted exploration and production rights as operator with respect to two exploration blocks, C-M-659 and C-M-713, in the Campos Basin (ShellInterest 40%). This is awaiting ratification. ", + "page": 63, + "start_index_page": 909, + "last_index_page": 915 + }, + "910": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 910, + "paragraph": "The activities of operated and non-operated fields are currently supported by 16 producing deep-water FPSOs, of which the fifteenth (P-67) delivered first oil in February 2019 and the sixteenth (P-68) in November 2019. Two additional FPSOs are expected to be brought online over theperiod 2020-2021 (Atapu I (P-70) and Mero1).", + "page": 63, + "start_index_page": 909, + "last_index_page": 915 + }, + "911": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 911, + "paragraph": "In our non-operated portfolio, we have interests in several fields in the offshore Santos Basin, consisting of 30% interests in BM-S-9, Entorno de Sapinho and BM-S-9A blocks Sapinho and Lapa fields. In the Santos Basin we also have BMS-11A concession with 25% interest in the Berbigo and Sururu fields, which are accumulations subject to ongoing unitisation agreements and 4% in the Atapu unit, which has already been subject to unitisation in effect from September 2019. The non-operated portfolio in the Santos Basis also includes the BMS-11 concession with the Lula field, which is partly subject to unitisation that has been in effect since April 2019 (Shell interest 23% in the unit). The Iracema area of the Lula field (Shell interest of 25%) is not subject to unitisation. Additionally, we also hold a 20% interest in BM-S-50 offshore exploration block, where the Sagitrio prospect was discovered and we hold a 20% interest in the Libra block where the commerciality of the Mero field was declared. FPSO Pioneiro de Libra has been performing extended well tests and operating early production systems since 2017, and exploration is ongoing in the Central and South East areas. The Mero field is also subject to unitisation with adjoining area, for which a unitisation agreement is still subject to government approval. We announced the final investment decision to contract the Mero 2 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field offshore Santos Basin in Brazil. The FPSO has the capacity to process up to 180 thousand boe/d (Shell interest 20%). We also hold one deep-water exploration block in the Potiguar Basin (Shell interest 40%) and a PSC to explore the Tres Mariasblock in the Santos Basin (Shell interest 40%).", + "page": 63, + "start_index_page": 909, + "last_index_page": 915 + }, + "912": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 912, + "paragraph": "Rest of South America We also have interests in Colombia and Uruguay.", + "page": 63, + "start_index_page": 909, + "last_index_page": 915 + }, + "913": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 913, + "paragraph": "TRADING AND SUPPLY We market and trade crude oil from most of our Upstream operations.", + "page": 63, + "start_index_page": 909, + "last_index_page": 915 + }, + "914": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 914, + "paragraph": "Shell markets and trades crude oil.", + "page": 63, + "start_index_page": 909, + "last_index_page": 915 + }, + "915": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 915, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 63, + "start_index_page": 909, + "last_index_page": 915 + } + }, + "64": { + "916": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 916, + "paragraph": "Proved developed and undeveloped reserves of Shell subsidiaries and Shell share of joint ventures and associates", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "917": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 917, + "paragraph": "Crude oil and natural gas liquids (million barrels)", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "918": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 918, + "paragraph": "Natural gas (thousand million scf)", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "919": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 919, + "paragraph": "Synthetic crude oil (million barrels)", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "920": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 920, + "paragraph": "Bitumen (million barrels)", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "921": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 921, + "paragraph": "Shell subsidiaries Increase/(decrease) in 2019:", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "922": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 922, + "paragraph": "Revisions and reclassifications Improved recovery Extensions and discoveries Purchases and sales of minerals in place Total before taking production into account Production [B] Total", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "923": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 923, + "paragraph": "At January 1, 2019 At December 31, 2019 Shell share of joint ventures and associates Increase/(decrease) in 2019:", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "924": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 924, + "paragraph": "Revisions and reclassifications Improved recovery Extensions and discoveries Purchases and sales of minerals in place Total before taking production into account Production [C] Total", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "925": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 925, + "paragraph": "At January 1, 2019 At December 31, 2019 Total", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "926": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 926, + "paragraph": "Increase/(decrease) before taking production into account Production Increase/(decrease)", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "927": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 927, + "paragraph": "At January 1, 2019 At December 31, 2019 Reserves attributable to non-controlling interest inShellsubsidiaries at December 31, 2019 [A] Natural gas volumes are converted into oil equivalent using a factor of 5,800 standard cubic feet (scf) per barrel. [B] Included 43 million barrels of oil equivalent (boe) consumed in operations (natural gas: 247 thousand million scf; synthetic crude oil: 1 million barrels). [C] Included 7 million boe consumed in operations (natural gas: 42 thousand million scf).", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "928": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 928, + "paragraph": "444 4 158 (91) 515 (627) (112) 4,486 4,374", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "929": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 929, + "paragraph": "2,180 3 684 (367) 2,500 (3,355) (855) 29,847 28,992", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "930": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 930, + "paragraph": "(224) 1 5 \u2013 (218) (721) (939) 5,768 4,829", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "931": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 931, + "paragraph": "2,282 (4,076) (1,794) 35,615 33,821", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "932": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 932, + "paragraph": "785 5 276 (154) 912 (1,226) (314) 10,294 9,980", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + }, + "933": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 933, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 64, + "start_index_page": 916, + "last_index_page": 933 + } + }, + "65": { + "934": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 934, + "paragraph": "In addition to the maturation of 462 million boe from PUD to PD, 178 million boe was matured to PD from contingent resources through PUD asa result of project execution during the year.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "935": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 935, + "paragraph": "PUD held for five years or more (PUD5+) at December 31, 2019, amounted to 258 million boe, a decrease of 14 million boe compared with the end of 2018. These PUD5+ remain undeveloped because development either requires the installation of compression equipment and the drilling of additional wells, which will be executed when required to support existing gas delivery commitments (Russia), or will take longer than five years because of the complexity and scale of the project (Australia and the UK).", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "936": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 936, + "paragraph": "The decrease in PUD5+ during 2019 was driven mainly by changes in Clair (UK), Champion (Brunei), and Forcados-Yokri (Nigeria).", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "937": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 937, + "paragraph": "The fields with the largest PUD5+ at December 31, 2019, were Jansz-Ioand Gorgon (Australia), Lunskoye (Russia) and Clair (UK).", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "938": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 938, + "paragraph": "During 2019, we spent $6.9 billion on development activities related toPUD maturation.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "939": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 939, + "paragraph": "DELIVERY COMMITMENTS We sell crude oil and natural gas from our producing operations under a variety of contractual obligations. Most contracts generally commit us to sell quantities based on production from specified properties, although some natural gas sales contracts specify delivery of fixed and determinable quantities, as discussed below.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "940": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 940, + "paragraph": "In the past three years, we met our contractual delivery commitments, withthe notable exceptions of Egypt, Trinidad and Tobago, and Malaysia. In the period 2020-2022, we are contractually committed to deliver to third parties, joint ventures and associates a total of 7,735 billion scf of natural gas from our subsidiaries, joint ventures and associates. The sales contracts contain a mixture of fixed and variable pricing formulae that aregenerally referenced to the prevailing market price for crude oil, natural gas or other petroleum products at the time of delivery.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "941": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 941, + "paragraph": "In the period 2020-2022, we expect to meet our delivery commitments for almost all the areas in which they are carried, with an estimated 75.6% coming from PD, 5.4% through the delivery of gas that comes available to us from paying royalties in cash, and 19% from the development of PUD aswell as other new projects and purchases.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "942": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 942, + "paragraph": "OIL AND GAS INFORMATION continued", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "943": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 943, + "paragraph": "PROVED RESERVES The proved oil and gas reserves of Shell subsidiaries and the Shell share of the proved oil and gas reserves of joint ventures and associates are set out in more detail in \u201cSupplementary Information \u2013 Oil and Gas (unaudited)\u201d on pages 215-226.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "944": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 944, + "paragraph": "Before taking production into account, our proved reserves increased by 906 million boe in 2019. This comprised of increases of 912 million boe from Shell subsidiaries and of decreases of 6 million boe from the Shell share of joint ventures and associates.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "945": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 945, + "paragraph": "After taking production into account, our proved reserves decreased by 482 million boe in 2019 to 11,096 million boe at December 31, 2019.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "946": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 946, + "paragraph": "SHELL SUBSIDIARIES Before taking production into account, Shell subsidiaries\u2019 proved reserves increased by 912 million boe in 2019. This comprised of increases of 515 million barrels of crude oil and natural gas liquids, 431 million boe (2,500 thousand million scf) of natural gas and decrease of 34 million barrels of synthetic crude oil. The 912 million boe increase is the net effect of a net increase of 785 million boe from revisions and reclassifications, an increase of 5 million boe from improved recovery, an increase of 276 million boe from extensions and discoveries, and a net decrease of 154million boe related to purchases and sales of minerals in place.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "947": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 947, + "paragraph": "After taking into account production of 1,226 million boe (of which 43 million boe were consumed in operations), Shell subsidiaries\u2019 proved reserves decreased by 314 million boe in 2019 to 9,980 million boe. In 2019, Shell subsidiaries\u2019 proved developed reserves (PD) decreased by 204 million boe to 7,849 million boe, and proved undeveloped reserves (PUD) decreased by 110 million boe to 2,131 million boe. ", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "948": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 948, + "paragraph": "SHELL SHARE OF JOINT VENTURES AND ASSOCIATES Before taking production into account, the Shell share of joint ventures andassociates\u2019 proved reserves decreased by 6 million boe in 2019. Thiscomprised an increase of 31 million barrels of crude oil and natural gas liquids and a decrease of 37 million boe (218 thousand million scf) ofnatural gas. The 6 million boe decrease comprises a net decrease of13million boe from revisions and reclassifications and an increase of3million boe from extensions and discoveries and an increase of 4millionboe fromimproved recovery. ", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "949": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 949, + "paragraph": "After taking into account production of 163 million boe (of which 7 million boe were consumed in operations), the Shell share of joint ventures and associates\u2019 proved reserves decreased by 169 million boe to 1,116 million boe at December 31, 2019.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "950": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 950, + "paragraph": "The Shell share of joint ventures and associates\u2019 PD decreased by 178 million boe to 960 million boe, and PUD increased by 9 million boe to 156million boe.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "951": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 951, + "paragraph": "For further information, see \u201cSupplementary Information \u2013 oil and gas (unaudited)\u201d on page 239-249. ", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "952": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 952, + "paragraph": "PROVED UNDEVELOPED RESERVES In 2019, Shell subsidiaries and the Shell share of joint ventures and associates\u2019 PUD decreased by 98 million boe to 2,287 million boe. There were decreases of 462 million boe due to maturation to PD, mainly 90 million boe in Lula (Brazil), 65 million boe in Appomattox (USA), and 307 million boe spread across other fields. These were offset by increases of 119 million boe due to revisions and net increases of 279 million boe due to extensions and discoveries \u2013 mainly in the Permian Basin (69 million boe), Mero (60 million boe) and Groundbirch (52 million boe) \u2013 and decreases of 43 million boe due to sales of minerals in place and increases of 9 million boe due to improved recovery spread across otherfields.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "953": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 953, + "paragraph": "The key exceptions are: \u25a0 BG Egypt Development NOV: The government decision to divert gas from the offshore West Delta Deep Marine fields to domestic use has caused a tangible shortfall of 806 billion scf (87% of the promised gasdelivery), expected to continue in the near future leaving LNG gascommitment mostly under force majeure; ", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "954": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 954, + "paragraph": " \u25a0 Trinidad and Tobago (East Coast Marine Area and North Coast ", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "955": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 955, + "paragraph": "Marine Area), where PD for all fields fail the economic test at the yearly average price for natural gas. However, we expect to cover 83% of ourdelivery commitments from existing developed resource volumes and new projects, resulting in an expected true shortfall of some 119billion scf; and In Malaysia, one of the third-party gas supply lines is under repair during 2020. Force majeure has been declared, and no penalties havebeen incurred.", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + }, + "956": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 956, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 65, + "start_index_page": 934, + "last_index_page": 956 + } + }, + "66": { + "957": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 957, + "paragraph": "Based on average prices for 2019 Proved developed Europe Asia Oceania Africa North America", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "958": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 958, + "paragraph": "South America Total proved developed Proved undeveloped Europe Asia Oceania Africa North America", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "959": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 959, + "paragraph": "South America Total proved undeveloped Total proved developed and undeveloped Europe Asia Oceania Africa North America", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "960": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 960, + "paragraph": "South America Total Reserves attributable to non-controlling interest in Shell subsidiaries [A] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "961": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 961, + "paragraph": "Summary of proved oil and gas reserves of Shell subsidiaries and Shell share of joint ventures and associates (at December 31, 2019)", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "962": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 962, + "paragraph": "Crude oil and naturalgas liquids (million barrels)", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "963": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 963, + "paragraph": "Natural gas (thousand million scf)", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "964": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 964, + "paragraph": "Synthetic crude oil (million barrels)", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + }, + "965": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 965, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 66, + "start_index_page": 957, + "last_index_page": 965 + } + }, + "67": { + "966": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 966, + "paragraph": "OIL AND GAS INFORMATION continued", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "967": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 967, + "paragraph": "EXPLORATION In 2019, we made notable discoveries in the US Gulf of Mexico and Australia. In April 2019, we announced a significant discovery at the Blacktip prospect in the Perdido Corridor within the deep-water US Gulf of Mexico (Shell interest 52.4% as operator). This and other drilling successes in the US Gulf of Mexico highlight the potential of this area. Further exploration is planned in 2020. ", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "968": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 968, + "paragraph": "Also in October, we signed an Exploration & Production Sharing Agreement for Block 55 in the southeast of the Sultanate. Oman Shell now has a 100% working interest and operatorship of Block 55 with a total area of 7,564 square kilometres. The agreement includes a work programme of regional studies, seismic acquisition and other potential exploration activities. This agreement is awaiting ratification via RoyalDecree.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "969": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 969, + "paragraph": "In November 2019, we completed a farm-in transaction with Kosmos Energy, acquiring participating interests in Block 6 (Shell interest 20%) and Block 11 (Shell interest 30%) exploration licences (together approximately 14,000 square kilometres) offshore of So Tom andPrncipe, representing a new country entry for Shell. Partners in theblocks are Kosmos Energy (Operator of Block 11), Galp Energia (Operator of Block 6) and ANP-STP, the national oil company.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "970": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 970, + "paragraph": "In December 2019, we were awarded two concessions in the Red Sea bidround. The two blocks cover more than 6,000 square kilometres in anunderexplored region of Egypt, south of the Gulf of Suez hydrocarbon province. Block 4 (Shell interest 70%) is in partnership with Mubadala Petroleum and Block 3 as the sole operator, with initial exploration plansbeing 3D seismic and petroleum system studies. This is awaitingratification.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "971": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 971, + "paragraph": "In total, the net undeveloped acreage in our exploration portfolio increased by around 9 million acres in 2019. The largest contributions were licence entries in South Africa, Oman, Argentina, Egypt and Colombia, offset by relinquishments and divestments in Australia, Myanmar and Gabon.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "972": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 972, + "paragraph": "For further information, see \u201cSupplementary Information \u2013 oil and gas (unaudited)\u201d on page 239-246.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "973": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 973, + "paragraph": "We also announced a significant gas discovery at the Bratwurst prospect in the Browse Basin.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "974": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 974, + "paragraph": "We continue to strengthen our portfolio in the US Gulf of Mexico, Brunei, Oman, Brazil and Egypt, while opening up new positions in Argentina, Colombia, So Tom and Prncipe and South Africa.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "975": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 975, + "paragraph": "In 2018, Shell entered into a partnership with Oman Oil Company Exploration production (Shell interest 50%) to explore for oil and gas in Block 42, a vast under-explored area of 31,068 square kilometres in the AlSharqiyah Governate, Sultanate of Oman. This was ratified by RoyalDecree on January 23, 2019.", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "976": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 976, + "paragraph": "In March 2019, the dilution and transfer of operatorship was completed for two exploration blocks in deep-water Colombia, following these blocks\u2019 conversion from Technical Evaluation Agreements to Exploration &Production contracts. For both blocks, Noble Energy becomes the operator with 40% working interest, with the remaining 60% held by Shell. The gross area of the COL-3 block is around 4,000 square kilometres, and the gross area of the GUA OFF-3 block is around 4,800square kilometres. ", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "977": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 977, + "paragraph": "In US Gulf of Mexico Lease Sale 252 in March 2019 we acquired 77 blocks across multiple plays in the US Gulf of Mexico. This acquisition included significant acquisitions close to the 2019 Blacktip discovery (Shellinterest 52.4%), in the underexplored areas of Garden Banks andinDesoto Canyon south east of the Appomattox production facility. ", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "978": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 978, + "paragraph": "In April 2019, we won two exploration blocks in the deep-water bid round in Argentina. These frontier exploration blocks are at the edge of the continental shelf and have approximate areas of 7,875 square kilometres and 8,340 square kilometres. For both blocks, we are the operator, holding 60% of the participating interest, with Qatar Petroleum holding the remaining 40%. ", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "979": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 979, + "paragraph": "In South Africa in April 2019, we entered the frontier deep-water Cape Basin (Shell interest 40%) and a second block next to our existing acreage in the Namibian Orange Basin (Shell interest 45%).", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "980": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 980, + "paragraph": "In October 2019, during the sixteenth deep-water bid round organised bythe Brazilian National Petroleum Agency (ANP), we were granted exploration and production rights with respect to two exploration blocks, C-M-659 and C-M-713, as operator in the Campos Basin (Shell Interest 40%). This is awaiting ratification. ", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + }, + "981": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 981, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 67, + "start_index_page": 966, + "last_index_page": 981 + } + }, + "68": { + "982": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 982, + "paragraph": "LOCATION OF OIL AND GAS EXPLORATION AND PRODUCTION ACTIVITIES", + "page": 68, + "start_index_page": 982, + "last_index_page": 985 + }, + "983": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 983, + "paragraph": "Location of oil and gas exploration and production activities [A] (at December 31, 2019)", + "page": 68, + "start_index_page": 982, + "last_index_page": 985 + }, + "984": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 984, + "paragraph": "Europe Albania Bulgaria Cyprus Germany Italy Netherlands Norway UK Asia Brunei China Indonesia Kazakhstan Malaysia Myanmar Oman Philippines Qatar Russia Turkey Oceania Australia Africa Egypt Mauritania Morocco Namibia Nigeria So Tom and Prncipe South Africa Tanzania Tunisia North America Canada Mexico USA South America Argentina Bolivia Brazil Colombia Trinidad and Tobago Uruguay [A] Includes joint ventures and associates. Where a joint venture or an associate has properties outside its base country, those properties are not shown in this table. [B] In several countries where \u201cShell operator\u201d is indicated, Shell is the operator of some but not all exploration and/or production ventures. ", + "page": 68, + "start_index_page": 982, + "last_index_page": 985 + }, + "985": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 985, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 68, + "start_index_page": 982, + "last_index_page": 985 + } + }, + "69": { + "986": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 986, + "paragraph": "OIL AND GAS INFORMATION continued", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "987": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 987, + "paragraph": "OIL AND GAS PRODUCTION AVAILABLE FOR SALE", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "988": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 988, + "paragraph": "Crude oil and natural gas liquids [A]", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "989": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 989, + "paragraph": "Denmark Italy Norway UK Other [B] Total Europe Asia", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "990": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 990, + "paragraph": "Brunei Kazakhstan Malaysia Oman Russia Other [B] Total Asia Total Oceania [B] Africa", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "991": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 991, + "paragraph": "Gabon Nigeria Other [B] Total Africa North America", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "992": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 992, + "paragraph": "Total North America South America", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "993": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 993, + "paragraph": "Shell share of jointventures andassociates", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "994": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 994, + "paragraph": "Shell share of jointventures andassociates", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "995": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 995, + "paragraph": "Shell share of jointventures andassociates", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "996": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 996, + "paragraph": "7,490 9,747 7,025 30,677 723 55,662", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "997": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 997, + "paragraph": "196 34,269 21,993 76,493 22,442 28,796 184,189 10,058", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "998": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 998, + "paragraph": "13,036 10,921 13,528 31,431 795 69,711", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "999": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 999, + "paragraph": "283 32,432 24,650 76,847 22,003 28,769 184,984 8,883", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1000": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1000, + "paragraph": "15,467 8,733 19,529 45,020 860 89,609", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1001": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1001, + "paragraph": "1,138 29,491 26,574 77,687 22,049 30,180 187,119 9,098", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1002": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1002, + "paragraph": "126,366 3,900 130,266 627,276", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1003": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1003, + "paragraph": "118,681 3,414 122,095 600,186", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1004": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1004, + "paragraph": "111,093 3,325 114,418 595,539", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1005": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1005, + "paragraph": "Total South America Total [A] Reflects 100% of production of subsidiaries except in respect of production-sharing contracts (PSCs), where the figures shown represent the entitlement of the subsidiaries concerned under ", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1006": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1006, + "paragraph": "[B] Comprises countries where 2019 production was lower than 10,100 thousand barrels or where specific disclosures are prohibited.", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1007": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1007, + "paragraph": "2019 Shell subsidiaries 19,076", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1008": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1008, + "paragraph": "2019 Shell subsidiaries \u2013", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1009": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1009, + "paragraph": "2018 Shell subsidiaries 19,514", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1010": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1010, + "paragraph": "Thousand barrels 2017 Shell subsidiaries 33,183", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1011": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1011, + "paragraph": "2018 Shell subsidiaries \u2013", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1012": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1012, + "paragraph": "Thousand barrels 2017 Shell subsidiaries 1,681", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + }, + "1013": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1013, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 69, + "start_index_page": 986, + "last_index_page": 1013 + } + }, + "70": { + "1014": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1014, + "paragraph": "Denmark Germany Ireland Netherlands Norway UK Other [B] Total Europe Asia", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1015": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1015, + "paragraph": "Brunei China Kazakhstan Malaysia Philippines Russia Thailand Other [B] Total Asia Oceania Australia New Zealand Total Oceania Africa Egypt Nigeria Other [B] Total Africa North America", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1016": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1016, + "paragraph": "Total North America South America", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1017": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1017, + "paragraph": "Bolivia Brazil Trinidad and Tobago Other [B]", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1018": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1018, + "paragraph": "59,673 70,100 73,000 8,370 Total South America 211,143 Total 3,117,049 [A] Reflects 100% of production of subsidiaries except in respect of PSCs, where the figures shown represent the entitlement of the subsidiaries concerned under those contracts. [B] Comprises countries where 2019 production was lower than 41,795 million scf or where specific disclosures are prohibited.", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1019": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1019, + "paragraph": "48,501 78,526 159,698 8,662 295,387 3,108,750", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1020": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1020, + "paragraph": "55,480 68,865 104,454 8,062 236,861 3,241,721", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1021": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1021, + "paragraph": "Million standard cubic feet", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1022": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1022, + "paragraph": "Shell share of jointventures andassociates", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1023": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1023, + "paragraph": "Shell share of jointventures andassociates", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1024": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1024, + "paragraph": "Shell share of jointventures andassociates", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1025": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1025, + "paragraph": "24,433 41,846 \u2013 \u2013 182,683 62,174 15,062 326,198", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1026": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1026, + "paragraph": "22,185 44,510 84,499 226,277 44,374 4,563 \u2013 407,899 834,307", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1027": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1027, + "paragraph": "92,169 234,332 30,266 356,767", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1028": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1028, + "paragraph": "160,648 \u2013 \u2013 \u2013 \u2013 134,807 \u2013 118,253 413,708", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1029": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1029, + "paragraph": "45,027 40,368 44,833 \u2013 239,253 82,695 16,422 468,598", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1030": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1030, + "paragraph": "21,205 42,419 78,575 237,102 44,017 4,044 25,973 378,785 832,120", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1031": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1031, + "paragraph": "148,721 232,899 30,669 412,289", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1032": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1032, + "paragraph": "157,476 \u2013 \u2013 \u2013 \u2013 136,652 \u2013 117,976 412,104", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1033": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1033, + "paragraph": "52,105 48,002 52,515 \u2013 243,352 174,478 13,125 583,577", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1034": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1034, + "paragraph": "29,880 43,899 80,623 221,590 42,958 4,052 60,742 288,728 772,472", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1035": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1035, + "paragraph": "122,439 236,370 36,187 394,996", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1036": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1036, + "paragraph": "158,877 \u2013 \u2013 \u2013 \u2013 137,890 \u2013 118,352 415,119", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + }, + "1037": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1037, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 70, + "start_index_page": 1014, + "last_index_page": 1037 + } + }, + "71": { + "1038": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1038, + "paragraph": "OIL AND GAS INFORMATION continued", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1039": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1039, + "paragraph": "AVERAGE REALISED PRICE BY GEOGRAPHICAL AREA", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1040": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1040, + "paragraph": "Crude oil and natural gas liquids", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1041": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1041, + "paragraph": "Shell subsidiaries 65.11 58.16 51.51 65.39 54.56 36.61 56.68 57.56", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1042": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1042, + "paragraph": "Shell share of jointventures andassociates 58.08 65.25 \u2013 \u2013 \u2013 \u2013 \u2013 65.05", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1043": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1043, + "paragraph": "Shell subsidiaries 68.23 64.06 61.63 71.02 61.87 43.72 62.67 63.96", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1044": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1044, + "paragraph": "Shell share of jointventures andassociates 64.24 70.66 \u2013 \u2013 \u2013 \u2013 \u2013 70.43", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1045": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1045, + "paragraph": "Shell subsidiaries 50.52 49.08 45.64 53.39 47.23 36.00 48.10 49.00", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1046": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1046, + "paragraph": "2019 Shell subsidiaries 50.27", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1047": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1047, + "paragraph": "2018 Shell subsidiaries 48.90", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1048": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1048, + "paragraph": "2019 Shell subsidiaries \u2013", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1049": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1049, + "paragraph": "2018 Shell subsidiaries \u2013", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1050": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1050, + "paragraph": "Shell subsidiaries 5.59 2.66 8.22 2.92 2.27 1.37 2.33 3.95", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1051": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1051, + "paragraph": "Shell share of joint ventures and associates 4.95 6.34 3.91 \u2013 \u2013 \u2013 \u2013 5.80", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1052": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1052, + "paragraph": "7.08 [A] 2.99 8.66 [A] 3.02 3.12 1.35 3.50 4.63 [A]", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1053": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1053, + "paragraph": "Shell share of jointventures andassociates 4.06 7.06 4.15 \u2013 \u2013 \u2013 \u2013 5.74", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1054": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1054, + "paragraph": "Shell subsidiaries 5.48 2.84 6.21 2.44 3.00 1.85 2.93 [A] 3.90 [A]", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1055": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1055, + "paragraph": "Shell share of jointventures andassociates 46.88 53.44 \u2013 \u2013 \u2013 \u2013 \u2013 53.23", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1056": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1056, + "paragraph": "$/barrel 2017 Shell subsidiaries 45.90", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1057": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1057, + "paragraph": "$/barrel 2017 Shell subsidiaries 34.46", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1058": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1058, + "paragraph": "Shell share of jointventures andassociates 4.77 5.45 3.11 \u2013 \u2013 \u2013 \u2013 5.11", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1059": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1059, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America Total", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1060": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1060, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America Total [A] As revised, following a reassessment.", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + }, + "1061": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1061, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 71, + "start_index_page": 1038, + "last_index_page": 1061 + } + }, + "72": { + "1062": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1062, + "paragraph": "AVERAGE PRODUCTION COST BY GEOGRAPHICAL AREA", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1063": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1063, + "paragraph": "Crude oil, natural gas liquids and natural gas [A]", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1064": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1064, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America Total [A] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel. ", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1065": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1065, + "paragraph": "Shell subsidiaries 14.14 6.30 9.17 8.44 11.78 11.88 6.26 8.95", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1066": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1066, + "paragraph": "Shell share of joint ventures and associates 5.76 6.17 24.49 \u2013 \u2013 \u2013 \u2013 6.48", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1067": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1067, + "paragraph": "Shell subsidiaries 15.03 6.52 8.41 8.25 12.78 11.58 8.60 9.66", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1068": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1068, + "paragraph": "Shell share of jointventures andassociates 6.37 6.24 32.18 \u2013 \u2013 \u2013 \u2013 6.81", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1069": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1069, + "paragraph": "Shell subsidiaries 13.19 7.71 9.24 9.53 16.11 14.53 8.08 10.55", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1070": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1070, + "paragraph": "2019 Shell subsidiaries 19.29", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1071": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1071, + "paragraph": "2018 Shell subsidiaries 20.15", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1072": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1072, + "paragraph": "2019 Shell subsidiaries \u2013", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1073": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1073, + "paragraph": "2018 Shell subsidiaries \u2013", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1074": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1074, + "paragraph": "Shell share of jointventures andassociates 5.58 6.87 28.83 \u2013 \u2013 \u2013 \u2013 6.82", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1075": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1075, + "paragraph": "$/barrel 2017 Shell subsidiaries 23.77", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1076": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1076, + "paragraph": "$/barrel 2017 Shell subsidiaries 16.19", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + }, + "1077": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1077, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 72, + "start_index_page": 1062, + "last_index_page": 1077 + } + }, + "73": { + "1078": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1078, + "paragraph": "Segment earnings [A] Including:", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1079": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1079, + "paragraph": "Revenue (including inter-segment sales) Share of profit of joint ventures and associates [A] Interest and other income Operating expenses [B] Depreciation, depletion and amortisation Taxation charge [A]", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1080": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1080, + "paragraph": "294,677 1,725 266 18,697 5,413 1,241 8,650 8,926 10,542 91 89 2,564 6,561 15,223", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1081": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1081, + "paragraph": "335,597 1,785 345 20,743 4,064 1,515 7,083 7,408 7,565 91 93 2,648 6,783 17,644", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1082": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1082, + "paragraph": "265,821 1,956 154 19,583 3,877 1,783 5,826 6,090 6,418 91 92 2,572 6,599 18,239", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1083": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1083, + "paragraph": "$ million, except where indicated 2017 8,258", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1084": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1084, + "paragraph": "Capital expenditure Cash capital expenditure [B] Capital investment [B] Refinery availability (%) [C] Chemical plant availability (%) [C] Refinery processing intake (thousand b/d) Oil products sales volumes (thousand b/d) Chemicals sales volumes (thousand tonnes) [A] See Note 4 to the \u201cConsolidated Financial Statements\u201d on pages 206-208. Segment earnings are presented on a current cost of supplies basis. [B] See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280. [C] The basis of calculation differs from that used for the \u201cRefinery and chemical plant availability\u201d measure in \u201cPerformance indicators\u201d on page 42, which excludes downtime due to uncontrollable ", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1085": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1085, + "paragraph": "factors and, in 2017, excludes assets which were not part of Shell\u2019s operational performance metrics because of portfolio activity (Fredericia and former Motiva sites).", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1086": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1086, + "paragraph": "OVERVIEW Our Downstream business consists of Oil Products and Chemicals activities. They form part of an integrated value chain that trades and refines crude oil and other feedstocks into products that are moved and marketed around the world for domestic, industrial and transport use. The products we sell include gasoline, diesel, heating oil, aviation fuel, marine fuel, biofuel, lubricants, bitumen and sulphur. We also produce and sell petrochemicals for industrial use worldwide.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1087": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1087, + "paragraph": "Our Oil Products activities comprise Refining and Trading, and Marketing. These are referred to as classes of business. Marketing includes Retail, Lubricants, Business-to-Business (B2B), Pipelines and Biofuels. Chemicals has major manufacturing plants, which are located close to refineries, and its own marketing network. In Trading and Supply, we trade crude oil, oil products and petrochemicals to optimise feedstocks for Refining and Chemicals, to supply our Marketing businesses and third parties, and forour own profit.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1088": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1088, + "paragraph": "BUSINESS CONDITIONS Global oil demand grew by 1.0 million barrels per day (b/d), or 1.0%, to 100.3 million b/d, according to the International Energy Agency\u2019s (IEA) Oil Market Report published in January 2020. Oil demand growth in 2019 was 0.1 million b/d lower than in 2018.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1089": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1089, + "paragraph": "Industry gross refining margins were lower on average in 2019 than in 2018 in three of the four key refining hubs in Europe, Singapore and the US Gulf Coast. In the US West Coast gross margins improved, partly due to product prices being supported by unplanned outages in the region. Globally, year-on-year growth in demand for oil products has slowed in line with slowing global economic growth. Refinery capacity additions, especially in the Middle East and Asia, combined with lower demand growth have led to generally lower refinery utilisations, which weakened margins. Refinery activity continued to be low in Latin America amid the ongoing geopolitical uncertainty and poor investment climate. On January 1, 2020, the new International Maritime Organization low- sulphur shipping fuel specification came into effect. The industry has started preparations but the full effect of the implementation is expected later in the year.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1090": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1090, + "paragraph": "Cracker industry margins in Asia halved. Cracker margins in Western Europe and the USA were relatively unchanged versus 2018. West European margins were supported by a high level of maintenance outages in the first half of 2019, while in the USA margins were supportedby low ethane prices.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1091": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1091, + "paragraph": " See \u201cMarket overview\u201d on page 37.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1092": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1092, + "paragraph": "REFINERY AND CHEMICAL PLANT AVAILABILITY Refinery availability was 91% in 2019, unchanged from 2018.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1093": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1093, + "paragraph": "Chemicals plant availability was 89% in 2019, compared with 93% in2018, due to higher planned downtime in Asia and Europe and the impactofstrike action in the Netherlands.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1094": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1094, + "paragraph": "OIL PRODUCTS AND CHEMICALS SALES Oil products sales volumes decreased by 3% in 2019 compared with 2018, reflecting lower trading volumes primarily in Asia and Europe and, to a lesser extent, impact on marketing volumes due to the sale of the Downstream Argentina business to Razen (volumes reported at 50% Shell share).", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1095": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1095, + "paragraph": "Chemicals sales volumes decreased by 14% in 2019 compared with 2018,mainly due to lower downstream demand and higher downtime atsome sites.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1096": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1096, + "paragraph": "EARNINGS 2019-2018 Segment earnings in 2019 of $6,277 million are presented on a current cost of supplies basis (see \u201cSummary of results\u201d on page 40). Segment earnings on a first-in, first-out basis were $6,883 million, which were $606million higher than on a current cost of supplies basis (2018 first-in, first-out segment earnings were $458 million lower than the current cost ofsupplies basis). See \u201cNon-GAAP measures reconciliations\u201d on page279-280.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1097": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1097, + "paragraph": "Segment earnings in 2019 of $6,277 million were 17% lower than in 2018.Earnings in 2019 included a net charge of $403 million, compared with a net gain in 2018 of $34 million, which is described at the end of thissection.", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + }, + "1098": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1098, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 73, + "start_index_page": 1078, + "last_index_page": 1098 + } + }, + "74": { + "1099": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1099, + "paragraph": "Excluding the impact of these items, earnings in 2019 were $6,680 million, compared with $7,567 million in 2018. Refining and Trading accounted for 19% of these 2019 earnings, Marketing for 70% and Chemicals for 11%.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1100": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1100, + "paragraph": " \u25a0 other net charges of $47 million, which included a one-off gain from the Ontario cap-and-trade scheme and onerous contracts related to decommissioning of the Stanlow site.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1101": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1101, + "paragraph": "The decrease in Downstream earnings, excluding the net charges, of $887million (12%) compared with 2018 was driven by lower Refining andTrading margins (around $400 million) and lower Chemicals margins (around $1,500 million). This was partly offset by higher Marketing margins (around $500 million), benefit from foreign exchange (around $250 million), lower operating costs (around $130 million) and change inaccounting policy IFRS 16 (around $150 million).", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1102": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1102, + "paragraph": "The decrease in earnings of $887 million analysed by class of business was as follows: \u25a0 Refining and Trading earnings were $279 million lower than in 2018, ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1103": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1103, + "paragraph": "principally due to lower realised Refining margins due to adverse price variance across all regions driven by lower global demand growth and increase in worldwide refining capacity; and higher maintenance costs. Partly offsetting this were higher earnings from oil products trading and optimisation, mainly fuel oil;", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1104": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1104, + "paragraph": " \u25a0 Marketing earnings were $727 million higher than in 2018. This was due to stronger unit margins and lower operating expenses in Retail and Lubricants, better revenue from Retail ventures, and lower pension costs. Partly offsetting these were lower earnings from Razen, the joint venture (Shell interest 50%) in Brazil, due to adverse foreign exchange and lower fuel margins; and", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1105": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1105, + "paragraph": " \u25a0 Chemicals earnings were $1,334 million lower than in 2018. Results were impacted by lower realised base chemicals and intermediate margins and higher maintenance activities in Asia and Europe, including the impact of strike action in the Netherlands, partly offsetbylower operating expenses.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1106": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1106, + "paragraph": "Segment earnings in 2019 included a net charge of $403 million. ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1107": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1107, + "paragraph": "Offsetting items included:", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1108": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1108, + "paragraph": "impairment charges of $341 million (mainly expenditure at Bukom andother assets);", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1109": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1109, + "paragraph": " \u25a0 costs related to restructuring of $88 million (various initiatives ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1110": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1110, + "paragraph": " \u25a0 other net charges of $273 million (mainly legal provision in ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1111": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1111, + "paragraph": " \u25a0 net charge from fair value accounting of commodity derivatives ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1112": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1112, + "paragraph": "The effects of offsetting items were partially countered by: \u25a0 net gains from disposal of assets of $318 million; and \u25a0 gain from one-off tax items of $49 million (tax rate changes in ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1113": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1113, + "paragraph": "Segment earnings in 2018 included a net gain of $34 million. ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1114": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1114, + "paragraph": "Offsetting items included: \u25a0 net gains from fair value accounting of commodity derivatives of ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1115": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1115, + "paragraph": " \u25a0 gains from disposal of assets of $225 million (mainly our ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1116": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1116, + "paragraph": "Downstreamassets in Argentina and other smaller disposals); and", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1117": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1117, + "paragraph": " \u25a0 gains from one-off tax items of $118 million (mainly corporation ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1118": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1118, + "paragraph": "taxratechanges in the Netherlands and the USA).", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1119": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1119, + "paragraph": "The effect of offsetting items was countered by: \u25a0", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1120": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1120, + "paragraph": "impairment charge of $386 million (mainly expenditure at Bukom andon assets at Stanlow);", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1121": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1121, + "paragraph": " \u25a0 costs related to restructuring of $109 million (various of initiatives ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1122": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1122, + "paragraph": "EARNINGS 2018-2017 Segment earnings which were presented on a current cost of supplies basis were $458 million higher in 2018 than on a first-in, first-out basis (2017: $964 million lower).", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1123": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1123, + "paragraph": "Segment earnings in 2018 of $7,601 million were 8% lower than in 2017. Earnings in 2018 included a net gain of $34 million described above. Earnings in 2017 included a net charge of $824 million, reflecting impairment charges of $315 million, redundancy and restructuring chargesof $200 million, charges of $142 million related to US tax reform legislation and a tax rate change in France, and other net charges of $231million (related to onerous contract provision and a legal provision). These were partly offset by divestment gains of $39 million and net gain of$25 million from fair value accounting of commodity derivatives. ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1124": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1124, + "paragraph": "Excluding the impact of these items, earnings in 2018 were $7,567 million, compared with $9,082 million in 2017. Refining and Trading accounted for 20% of these 2018 earnings, Marketing for 53% and Chemicals for 27%.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1125": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1125, + "paragraph": "The decrease in Downstream earnings, excluding the net charges, of $1,515 million (17%) compared with 2017 was driven by higher operating costs (around $700 million), adverse foreign exchange effects (around $530 million), lower base Chemicals margins (around $370 million), lower refining margins (around $150 million) and other impacts resulting in a net charge of around $120 million. This was partly offset by higher marketing margins (around $360 million). Operating costs were higher due to higher maintenance costs (Chemicals and Refining assets) and higher costs for marketing growth opportunities. Chemicals margins were impacted by higher feedstock costs globally, higher utility costs and new cracker start-ups in the USA, and operational issues in Europe. Marketing margins benefited from favourable market conditions at the end of the year. The other net negative impacts were mainly portfolio effects.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1126": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1126, + "paragraph": "CASH CAPITAL EXPENDITURE AND CAPITAL INVESTMENT Cash capital expenditure (cash capex) was $8.9 billion in 2019, compared with $7.4 billion in 2018. Capital investment was $10.5 billion in 2019 compared to $7.6 billion in 2018. ", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1127": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1127, + "paragraph": "Cash capex in Refining was in line with 2018 at $2.4 billion. In Chemicals, cash capex increased by $0.9 billion to $4.1 billion (increase mainly from investment in our new cracker facilities in Pennsylvania). In Marketing, cashcapex increased by $0.4 billion to $2.2 billion (increase mainly frominvestment in a US pipeline project).", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1128": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1128, + "paragraph": "Increase in capital investment on account of leases was $1.4 billion ($1.6billion in 2019 compared with $0.2 billion in 2018) due to accounting policy change (IFRS 16) implemented in 2019.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1129": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1129, + "paragraph": "PORTFOLIO AND BUSINESS DEVELOPMENTS We continued to high-grade our portfolio in 2019, including: \u25a0", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1130": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1130, + "paragraph": "In the Kingdom of Saudi Arabia, we completed the sale of our 50% interest in Shell Saudi Arabia (Refining) Limited (SASREF), a joint venture in Jubail Industrial City, to Saudi Arabian Oil Company (SaudiAramco) for $631 million. In the USA, our subsidiary Equilon Enterprises LLC, doing business as Shell Oil Products US, announced in June 2019 that we have reached an agreement for the sale of Martinez Refinery in California to PBF Holding Company LLC for a $1.0 billion consideration. The sale was concluded in February 2020 in exchange for $1.2 billion which includes the refinery and inventory.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1131": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1131, + "paragraph": " \u25a0 Also in the USA, in March 2020, we announced our intention to sell thePuget Sound refinery in Washington and Mobile site in Alabama.", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + }, + "1132": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1132, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 74, + "start_index_page": 1099, + "last_index_page": 1132 + } + }, + "75": { + "1133": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1133, + "paragraph": "BUSINESS AND PROPERTY Refining and trading Refining We have interests in 15 refineries worldwide, (after the completion of sale of Martinez refinery in February 2020), with the capacity to process a total of 2.5 million barrels of crude oil per day (Shell share). Our refining capacity is 42% in Europe and Africa, 41% in the Americas and 17% in Asia and Oceania. ", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1134": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1134, + "paragraph": "In 2019, we concluded the sale of our 50% share of the SASREF joint venture in Jubail Industrial City, the Kingdom of Saudi Arabia, toSaudiAramco.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1135": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1135, + "paragraph": "Trading and Supply Through our main trading offices in London, Houston, Singapore, Dubai and Rotterdam, we trade crude oil, natural gas, LNG, electricity, refined products, chemical feedstocks and environmental products. Trading and Supply trades in physical and financial contracts, lease storage and transportation capacities, and manages shipping and wholesale commercial fuel activities globally. This includes supplying feedstocks for our refineries and chemical plants and finished products such as gasoline, diesel and aviation fuel to our Marketing businesses and customers.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1136": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1136, + "paragraph": "Operating in around 30 countries, with more than 125 Shell and joint-venture terminals, we believe our supply and distribution infrastructureiswell positioned to make deliveries around the world.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1137": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1137, + "paragraph": "Through its Shipping and Maritime business, Trading and Supply has aninterest in around 2,000 Shell-associated vessels and other floating facilities on any given day, and manages one of the world\u2019s largest fleets of LNG carriers. Shipping and Maritime enables the Shell Trading and Supply organisation to deliver safely on its contracts. This includes supplying feedstocks for our refineries and chemical plants, and finished products such as gasoline, diesel and aviation fuel to our Marketing businesses and customers.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1138": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1138, + "paragraph": "Shell Wholesale Commercial Fuels provides fuels for transport, industry and heating. Our range of products, from reliable main-grade fuels topremium products, is designed to provide tangible vehicle and businessbenefits.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1139": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1139, + "paragraph": "Marketing Retail Shell is the world\u2019s largest mobility retailer, by number of sites, with 45,000 service stations operating in close to 80 countries at the end of2019. We operate different models across these markets, from full ownership of retail sites through to brand licensing agreements.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1140": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1140, + "paragraph": "Every day, more than 30 million customers visit these sites to buy fuel, convenience items, including beverages and fresh food, and services, such as lubricant changes and car washes. We offer our business customers Shell Fleet Solutions, a \u2018one-stop-shop\u2019 for their mobility and energy transition needs, providing items including fuel cards, road services and carbon-neutral offers.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1141": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1141, + "paragraph": "We have more than 100 years\u2019 experience in fuel development. Aided by our innovative partnership with Scuderia Ferrari, we have concentrated on developing fuels with special formulations designed to clean engines and improve performance. We sold such fuels under the Shell V-Power brand in 62 countries as at the end of 2019.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1142": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1142, + "paragraph": "In a growing number of markets, we are offering customers lower-emission solutions, including biofuels, electric vehicle fast-charging, hydrogen and various gaseous fuels such as LNG. During 2019, we introduced carbon-neutral driving in the Netherlands and the UK, through which we offset customers\u2019 emissions by purchasing carbon credits generated from projects that plant and protect nature like forests, wetlands and other natural ecosystems.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1143": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1143, + "paragraph": "Shell V-Power brand is sold in 62 countries.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1144": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1144, + "paragraph": "Lubricants Across more than 150 markets, we produce, market and sell technically advanced lubricants for passenger cars, motorcycles, trucks, coaches, and machinery used in manufacturing, mining, power generation, agriculture and construction sectors.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1145": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1145, + "paragraph": "We also manufacture premium lubricants from natural gas using GTL base oils produced at our Pearl GTL plant in Qatar (see \u201cIntegrated Gas\u201d on page 48).", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1146": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1146, + "paragraph": "We have a global lubricants supply chain with a network of four base oil manufacturing plants, 29 lubricant blending plants, nine grease plants and four GTL base oil storage hubs.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1147": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1147, + "paragraph": "Through our marine activities, we primarily provide lubricants, but also fuels and related technical services, to the shipping and maritime sectors. We supply around 210 grades of lubricants and six types of fuel to vessels worldwide, ranging from large ocean-going tankers to small fishing boats.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1148": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1148, + "paragraph": "Shell lubricant plant, Oman.", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + }, + "1149": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1149, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 75, + "start_index_page": 1133, + "last_index_page": 1149 + } + }, + "76": { + "1150": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1150, + "paragraph": "Business-to-Business Our Business-to-Business (B2B) activities encompass the sale of fuels andspecialty products and services to a broad range of commercial customers.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1151": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1151, + "paragraph": "Shell Aviation provides fuel and lubricants across more than 60 countries and supplies fuel at about 900 airports.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1152": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1152, + "paragraph": "Shell Bitumen supplies customers across 52 markets and provides enough bitumen to resurface 500 kilometres of road lanes every day. It also invests in technology research and development to create innovative products.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1153": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1153, + "paragraph": "Shell Sulphur Solutions is a business that manages the complete value chain of sulphur, from refining to marketing. The business provides sulphur for use in applications such as fertiliser, mining and chemicals and also develops new technologies for sulphur that benefit sectors such as agriculture.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1154": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1154, + "paragraph": "Pipelines Shell Pipeline Company LP (Shell interest 100%) owns and operates 10 tank farms across the USA. It transports more than 2 billion barrels of crude oil and refined products a year through about 6,000 kilometres ofpipelines in the Gulf of Mexico and five US states. Our various non-Shell-operated ownership interests provide about a further 14,000pipeline kilometres.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1155": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1155, + "paragraph": "We carry more than 40 types of crude oil and more than 20 grades ofgasoline, as well as diesel, aviation fuel, chemicals and ethylene.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1156": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1156, + "paragraph": "Shell Midstream Partners, L.P., a midstream master limited partnership, owns, operates, develops and acquires pipelines and other midstream assets in the USA. Its assets consist of interests in entities that own crude oil and refined products pipelines and terminals that serve as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets. It also delivers refined products from those markets to major demand centres. Its assets also include interests in entities that own natural gas and refinery gas pipelines that transport offshore natural gas to market hubs and deliver refinery gas fromrefineries and plants to chemical sites along the Gulf Coast. Shell controls the general partner.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1157": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1157, + "paragraph": "See \u201cGovernance \u2013 Related Party Transactions\u201d on page 167 and Note29 to the \u201cConsolidated Financial Statements\u201d on page 238.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1158": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1158, + "paragraph": "Biofuels Razen, our joint venture in Brazil (Shell interest 50%), produces ethanol from sugar cane, with an annual production capacity of more than 2.5 billion litres; exports sugar, with an annual production of about 3.8 million tonnes; and manages a retail network. In 2015, Razen opened its first cellulosic ethanol plant at its Costa Pinto mill in Brazil, which produced almost 19.5 million litres in 2019. When fully operational, the mill is expected to produce around 40 million litres a year of advanced biofuelsfrom sugar-cane residues.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1159": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1159, + "paragraph": "Raizen Brazil harvesting crops used for the processing of biofuel.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1160": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1160, + "paragraph": "Chemicals Manufacturing Our plants produce a range of base chemicals, including ethylene, propylene and aromatics, and intermediate chemicals such as styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide and ethylene glycol. We have the capacity to produce around 6.5 million tonnes of ethylene a year.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1161": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1161, + "paragraph": "Marketing In 2019, we supplied more than 15 million tonnes of petrochemicals to around 1,000 industrial customers worldwide. Our products are used to make numerous everyday items, from clothing and cars to detergents andbicycle helmets.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1162": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1162, + "paragraph": "DOWNSTREAM BUSINESS ACTIVITIES WITH SUDANANDSYRIA Sudan We ceased all operational activities in Sudan in 2008.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1163": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1163, + "paragraph": "Syria We ceased supplying polyols, via a Netherlands-based distributor, to private sector customers in Syria in 2018. Polyols are commonly used forthe production of foam in mattresses and soft furnishings.", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + }, + "1164": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1164, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 76, + "start_index_page": 1150, + "last_index_page": 1164 + } + }, + "77": { + "1165": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1165, + "paragraph": "DOWNSTREAM DATA TABLES The tables below reflect Shell subsidiaries and instances where Shell owns the crude oil or feedstocks processed by a refinery. In addition, the tables include the Al Jubail refinery on a 50% basis until the date of divestment. Other joint ventures and associates are only included where explicitly stated.", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1166": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1166, + "paragraph": "Oil products \u2013 cost of crude oil processed or consumed [A]", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1167": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1167, + "paragraph": "$/barrel 2017 Total 46.78 [A] Includes Upstream and Integrated Gas margins on crude oil supplied by Shell subsidiaries, ", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1168": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1168, + "paragraph": "joint ventures and associates.", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1169": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1169, + "paragraph": "Crude distillation capacity [A]", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1170": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1170, + "paragraph": "Europe Asia Oceania Africa Americas Total [A] Average operating capacity for the year, excluding mothballed capacity. [B] Calendar day capacity is the maximum sustainable capacity adjusted for normal ", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1171": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1171, + "paragraph": "Thousand b/calendar day [B] 2017 970 704 \u2013 82 1,176 2,932", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1172": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1172, + "paragraph": "Europe Asia Oceania Africa Americas Total [A] Includes the Shell share of capacity entitlement (offtake rights) of joint ventures and associates, which may be different from nominal equity interest. Nominal capacity is quotedat December 31.", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1173": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1173, + "paragraph": "Thousand tonnes/year 2017 1,702 1,904 \u2013 \u2013 2,267 5,873", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1174": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1174, + "paragraph": "Oil products \u2013 crude oil processed [A]", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1175": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1175, + "paragraph": "Thousand b/d 2017 892 Europe 528 Asia \u2013 Oceania 54 Africa 997 Americas Total 2,471 [A] Includes natural gas liquids, share of joint ventures and associates and processing for others.", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1176": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1176, + "paragraph": "Refinery processing intake [A]", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1177": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1177, + "paragraph": "Thousand b/d 2017 2,364 Crude oil 208 Feedstocks 2,572 Total 892 Europe 539 Asia \u2013 Oceania 54 Africa 1,087 Americas Total 2,572 [A] Includes crude oil, natural gas liquids and feedstocks processed in crude distillation units and ", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1178": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1178, + "paragraph": "2019 2,342 222 2,564 875 517 \u2013 55 1,117 2,564", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1179": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1179, + "paragraph": "2018 2,434 214 2,648 896 543 \u2013 66 1,143 2,648", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1180": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1180, + "paragraph": "in secondary conversion units.", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1181": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1181, + "paragraph": "Refinery processing outturn [A]", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1182": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1182, + "paragraph": "Gasolines Kerosines Gas/Diesel oils Fuel oil Other Total [A] Excludes own use and products acquired for blending purposes.", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1183": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1183, + "paragraph": "2019 952 417 818 223 282 2,692", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1184": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1184, + "paragraph": "Thousand b/d 2017 955 290 925 265 334 2,769", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1185": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1185, + "paragraph": "2018 966 321 965 284 321 2,858", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + }, + "1186": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1186, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 77, + "start_index_page": 1165, + "last_index_page": 1186 + } + }, + "78": { + "1187": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1187, + "paragraph": "Oil product sales volumes [A][B]", + "page": 78, + "start_index_page": 1187, + "last_index_page": 1193 + }, + "1188": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1188, + "paragraph": "Europe Gasolines Kerosines Gas/Diesel oils Fuel oil Other products Total Asia Gasolines Kerosines Gas/Diesel oils Fuel oil Other products Total Oceania Gasolines Kerosines Gas/Diesel oils Fuel oil Other products Total Africa Gasolines Kerosines Gas/Diesel oils Fuel oil Other products Total Americas Gasolines Kerosines Gas/Diesel oils Fuel oil Other products Total Total product sales [C][D] Gasolines Kerosines Gas/Diesel oils Fuel oil Other products Total [A] Excludes deliveries to other companies under reciprocal sale and purchase arrangements, that are in the nature of exchanges. Sales of condensate and natural gas liquids are included. [B] Includes the Shell share of Razen\u2019s sales volumes. [C] Certain contracts are held for trading purposes and reported net rather than gross. The effect in 2019 was a reduction in oil product sales of approximately 546,000 b/d (2018: 458,000 b/d; ", + "page": 78, + "start_index_page": 1187, + "last_index_page": 1193 + }, + "1189": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1189, + "paragraph": "2,184 750 1,929 704 1,216 6,783", + "page": 78, + "start_index_page": 1187, + "last_index_page": 1193 + }, + "1190": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1190, + "paragraph": "2,207 777 1,907 590 1,079 6,561", + "page": 78, + "start_index_page": 1187, + "last_index_page": 1193 + }, + "1191": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1191, + "paragraph": "2,174 736 1,897 613 1,179 6,599", + "page": 78, + "start_index_page": 1187, + "last_index_page": 1193 + }, + "1192": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1192, + "paragraph": "[D] Reported volumes in 2019 include the Shell joint ventures sales volumes from key countries.", + "page": 78, + "start_index_page": 1187, + "last_index_page": 1193 + }, + "1193": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1193, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 78, + "start_index_page": 1187, + "last_index_page": 1193 + } + }, + "79": { + "1194": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1194, + "paragraph": "Chemicals sales volumes [A]", + "page": 79, + "start_index_page": 1194, + "last_index_page": 1196 + }, + "1195": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1195, + "paragraph": "Europe Base chemicals Intermediates and others Total Asia Base chemicals Intermediates and others Total Oceania Base chemicals Intermediates and others Total Africa Base chemicals Intermediates and others Total Americas Base chemicals Intermediates and others Total Total product sales Base chemicals Intermediates and others Total [A] Excludes feedstock trading and by-products.", + "page": 79, + "start_index_page": 1194, + "last_index_page": 1196 + }, + "1196": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1196, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 79, + "start_index_page": 1194, + "last_index_page": 1196 + } + }, + "80": { + "1197": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1197, + "paragraph": "MANUFACTURING PLANTS AT DECEMBER 31, 2019", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1198": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1198, + "paragraph": "Refineries in operation", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1199": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1199, + "paragraph": "Thousand barrels/calendar day, 100% capacity [B]", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1200": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1200, + "paragraph": "Crude distillation capacity", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1201": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1201, + "paragraph": "Thermal cracking/ visbreaking/ coking", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1202": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1202, + "paragraph": "Fredericia Miro [C] Rheinland Schwedt [C] Pernis", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1203": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1203, + "paragraph": "Martinez [D] Convent Norco Deer Park Puget Sound", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1204": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1204, + "paragraph": "Netherlands Asia Philippines Singapore Africa South Africa Americas Argentina Canada Alberta Ontario USA California Louisiana", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1205": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1205, + "paragraph": "Texas Washington [A] Shell interest is rounded to the nearest whole percentage point; Shell share of production capacity may differ. [B] Calendar day capacity is the maximum sustainable capacity adjusted for normal unit downtime. [C] Not operated by Shell. [D] The sale of the Martinez refinery was concluded on February 1, 2020.", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1206": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1206, + "paragraph": " Integrated refinery and chemical complex. Refinery complex with cogeneration capacity. Refinery complex with chemical unit(s).", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + }, + "1207": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1207, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 80, + "start_index_page": 1197, + "last_index_page": 1207 + } + }, + "81": { + "1208": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1208, + "paragraph": "Major chemical plants in operation [A]", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1209": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1209, + "paragraph": "Europe Germany Netherlands UK Asia China Singapore", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1210": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1210, + "paragraph": "Rheinland Moerdijk Mossmorran [D]", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1211": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1211, + "paragraph": "Nanhai [D] Jurong Island Pulau Bukom", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1212": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1212, + "paragraph": "Scotford Deer Park Geismar Norco", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1213": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1213, + "paragraph": "Thousand tonnes/year, Shell share capacity [B] Additional products", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1214": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1214, + "paragraph": "Total [A] Major chemical plants are large integrated chemical facilities, typically producing a range of chemical products from an array of feedstocks, and are a core part of our global Chemicals business. [B] Shell share of capacity of subsidiaries, joint arrangements and associates (Shell and non-Shell-operated), excluding capacity of the Infineum additives joint ventures. [C] Higher olefins are linear alpha and internal olefins (products range from C4 to C2024). [D] Not operated by Shell.", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1215": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1215, + "paragraph": "A Aromatics, lower olefins. I P Polyethylene, polypropylene. O Other.", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1216": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1216, + "paragraph": "Other chemical locations [A]", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1217": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1217, + "paragraph": "Netherlands Americas Argentina Canada USA", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1218": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1218, + "paragraph": "[A] Other chemical locations reflect locations with smaller chemical units, typically serving more local markets.", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1219": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1219, + "paragraph": "A Aromatics, lower olefins. I O Other.", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1220": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1220, + "paragraph": "Karlsruhe Schwedt Pernis", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1221": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1221, + "paragraph": "Buenos Aires Sarnia Martinez Mobile Puget Sound", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + }, + "1222": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1222, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 81, + "start_index_page": 1208, + "last_index_page": 1222 + } + }, + "82": { + "1223": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1223, + "paragraph": "Segment earnings Comprising:", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1224": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1224, + "paragraph": "Net interest and investment expense [A] Net foreign exchange losses [B] Taxation and other [C]", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1225": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1225, + "paragraph": "(2,413) (292) 289 [A] Mainly Shell\u2019s interest expense (excluding accretion expense) and interest income, together with the Shell share of joint ventures and associates\u2019 net interest expense, and net gains on sales from ", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1226": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1226, + "paragraph": "Shell insurance entities\u2019 portfolio of debt securities.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1227": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1227, + "paragraph": "[B] On Shell\u2019s financing activities, together with the Shell share of joint ventures and associates\u2019 net foreign exchange gains/(losses) on financing activities. [C] Other earnings mainly comprise headquarters and central functions\u2019 costs not recovered from business segments, and net gains on sale of properties.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1228": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1228, + "paragraph": "OVERVIEW The Corporate segment covers the non-operating activities supporting Shell. It comprises Shell\u2019s holdings and treasury organisation, its self-insurance activities and its headquarters and central functions. All finance expense and income as well as related taxes are included in the Corporate segment earnings rather than in the earnings of the business segments.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1229": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1229, + "paragraph": "The holdings and treasury organisation manages many of the Corporate entities and is the point of contact between Shell and external capital markets. It conducts a broad range of transactions, from raising debt instruments to transacting foreign exchange. Treasury centres in London and Singapore support these activities.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1230": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1230, + "paragraph": "Headquarters and central functions provide business support in the areas of communications, finance, health, human resources, information technology, legal services, real estate and security. They also provide support for the shareholder-related activities of the Company. The central functions are supported by business service centres located around the world, which process transactions, manage data and produce statutory returns, among other services. The majority of the headquarters and central-function costs are recovered from the business segments. Those costs that are not recovered are retained in Corporate.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1231": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1231, + "paragraph": "EARNINGS 2019-2017 Segment earnings in 2019 were a loss of $3,273 million, compared with a loss of $1,479 million in 2018 and a $2,416 million loss in 2017.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1232": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1232, + "paragraph": "Net interest and investment expense increased by $1,233 million compared with 2018. This was primarily due to the introduction of IFRS 16 (Page 195, Note 2) and reduced capitalised interest. In 2018, net interest and investment expense decreased by $221 million compared with 2017. This was due to a decrease in interest expense due to higher capitalised interest, coupled with higher interest income from increases to both cash levels and higher interest rates. ", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1233": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1233, + "paragraph": "The Corporate segment includes net foreign exchange gains/(losses) from financing positions. Net foreign exchange gains/(losses) generally relate to the impact of changes in exchange rates on non-functional currency loans and cash balances in operating companies. In 2019 and 2018, unfavourable exchange rate movements resulted in a net foreign exchange loss. ", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1234": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1234, + "paragraph": "Taxation and other earnings decreased by $561 million in 2019, compared with 2018, due to reduced tax credits from financing and one-off charges. In 2018, taxation and other earnings increased by $491 million compared with 2017, due to increased tax credits from foreign exchange losses, which were partially offset by increased corporate expenses and depreciation charges. ", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1235": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1235, + "paragraph": "SELF-INSURANCE We mainly self-insure our risk exposure, and capital is set aside to meet self-insurance obligations (see \u201cRisk factors\u201d on page 34). We seek to ensure that the capital held to support the self-insurance obligations is at a level at least equivalent to what would be held in the third-party insurance market. Periodically, surveys of key assets are undertaken that provide risk-engineering knowledge and best practices to Shell subsidiaries with the aim of reducing their exposure to hazard risks. Actions identified during these surveys are monitored to completion.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1236": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1236, + "paragraph": "INFORMATION TECHNOLOGY AND CYBER-SECURITY Given our digitalisation efforts and increasing reliance on information technology (IT) systems for our operations, we continuously monitor external developments and actively share information on threats and security incidents. Shell employees and contract staff are subject to mandatory courses and regular awareness campaigns aimed at protecting us against cyber threats. We periodically test and adapt cyber-security response processes and seek to enhance our security monitoring capability.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1237": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1237, + "paragraph": "Given our dependence on IT systems for our operations and the increasing role of digital technologies across our business, we are aware that cyber-security attacks could cause significant harm to Shell in the form of loss of productivity, loss of intellectual property, regulatory fines and/or reputational damage. As a result, we continuously measure and, where required, further improve our cyber-security capabilities to reduce the likelihood of successful cyberattacks. Our cyber-security capabilities are embedded into our IT systems and our IT landscape is protected by various detective and protective technologies. The identification and assessment capabilities are built into our support processes and adhere toindustry best practices. The security of IT services, operated by external IT companies, is managed through contractual clauses and additionally through formal supplier assurance reports for critical IT services.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1238": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1238, + "paragraph": "Shell is frequently subject to cyberattacks. In 2019, none of these events led to breaches of our business-critical IT landscape and, as such, did not result in any material business impact. When significant incidents occur, they are followed up with a thorough root-cause analysis and, if needed, will result in appropriate follow-up actions.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1239": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1239, + "paragraph": " See \u201cRisk factors\u201d on page 35.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1240": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1240, + "paragraph": "BRAND VALUE According to the Brand Finance Global 500 2020 \u2013 the annual report onthe world\u2019s most valuable and strongest brands published by leading brand valuation consultancy Brand Finance at the World Economic Forum in Davos this January, Shell\u2019s brand value was estimated at $47.5 billion, up 12% compared to the previous year and 55% versus 2015. The report also shows Shell\u2019s brand rating strengthening from AAA- to AAA.", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + }, + "1241": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1241, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 82, + "start_index_page": 1223, + "last_index_page": 1241 + } + }, + "83": { + "1242": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1242, + "paragraph": "LIQUIDITY AND CAPITAL RESOURCES", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1243": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1243, + "paragraph": "We manage our businesses to deliver strong cash flows to fund investment for profitable growth. Our aim is that, across the business cycle, \u201ccash in\u201d (including cash from operations and divestments) at least equals \u201ccash out\u201d (including capital expenditure, interest and dividends), while maintaining a strong balance sheet. In 2020, our priorities for applying our cash are expected to be the servicing and reduction of debt commitments, payment of dividends, followed by a balance of capitalinvestment and share buybacks.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1244": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1244, + "paragraph": "FINANCIAL CONDITION AND LIQUIDITY Despite weaker commodity prices over the course of 2019, the Shell Group generated cash flow from operations of $42.2 billion and free cash flow of $26.4 billion, supporting continued progress of the share buyback programme which commenced in 2018. $10.2 billion share buybacks were completed in 2019. Gearing increased to 29.3% at December 31, 2019, comparable with 25.0% on an IAS 17 basis (2018: 20.3%). Gearing is a key measure of Shell\u2019s capital structure and across the business cycle, weaim to return to a gearing level within a range of 15-25%. Note 14 tothe \u201cConsolidated Financial Statements\u201d on pages 216-219 provides information on our debt arrangements, including gearing and net debtdefinitions.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1245": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1245, + "paragraph": "LIQUIDITY We satisfy our funding and working capital requirements from the cash generated from our operations, the issuance of debt and divestments. In 2019, access to the international debt capital markets remained strong, with our debt principally financed from these markets through central debtprogrammes consisting of: \u25a0 a $10 billion global commercial paper (CP) programme, with ", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1246": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1246, + "paragraph": "maturitiesnot exceeding 270 days; ", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1247": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1247, + "paragraph": " \u25a0 a $10 billion US CP programme, with maturities not exceeding ", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1248": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1248, + "paragraph": " \u25a0 an unlimited Euro medium-term note (EMTN) programme (also ", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1249": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1249, + "paragraph": "referredto as the Multi-Currency Debt Securities Programme); and ", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1250": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1250, + "paragraph": " \u25a0 an unlimited US universal shelf (US shelf) registration.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1251": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1251, + "paragraph": "All these CP, EMTN and US shelf issuances are issued by Shell International Finance B.V., the issuance company for Shell, with its debtbeing guaranteed by Royal Dutch Shell plc (the Company).", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1252": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1252, + "paragraph": "We also maintain committed credit facilities, which were increased and extended in December 2019 with $2 billion now expiring in 2020 and $8billion in 2024. Each facility includes two one-year extension options at the discretion of each lender. Both remained undrawn at December 31, 2019. These facilities and internally available liquidity provide back-up coverage for our CP programmes. Other than certain borrowing by local subsidiaries, we do not have any other committed credit facilities.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1253": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1253, + "paragraph": "Our total debt increased by $19.6 billion, of which $15.7 billion was due to the impact of IFRS16, to $96.4 billion at December 31, 2019. The total debt excluding leases will mature as follows: 15% in 2020; 8% in 2021; 7% in 2022; 7% in 2023; and 63% in 2024 and beyond. The portion of debt maturing in 2020 is expected to be repaid from a combination of cash balances, cash generated from operations, divestments and the issuance of new debt.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1254": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1254, + "paragraph": "In 2019, we issued $4 billion of bonds under our US shelf registration and \u20ac3 billion under our EMTN programme. Periodically, for working capital purposes, we issued CP. We believe our working capital is sufficient for current requirements.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1255": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1255, + "paragraph": "While our subsidiaries are subject to restrictions, such as foreign withholding taxes on the transfer of funds in the form of cash dividends, loans or advances, such restrictions are not expected to have a material impact on our ability to meet our cash obligations.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1256": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1256, + "paragraph": "MARKET RISK AND CREDIT RISK We are affected by the global macroeconomic environment as well as financial and commodity market conditions. This exposes us to treasury and trading risks, including liquidity risk, market risk (interest rate risk, foreign exchange risk and commodity price risk) and credit risk. See \u201cRiskfactors\u201d on page 18 and Note 19 to the \u201cConsolidated Financial Statements\u201d on pages 227-231. The size and scope of our businesses require a robust financial control framework and effective management ofour various risk exposures.", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1257": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1257, + "paragraph": "We utilise various financial instruments for managing exposure to commodity price, foreign exchange and interest rate movements. Ourtreasury and trading operations are highly centralised and seek tomanage credit exposures associated with our substantial cash, commodity, foreign exchange and interest rate positions. Our portfolio ofcash investments is diversified to avoid concentrating risk in any one instrument, country or counterparty. Other than in exceptional cases, the use of external derivative instruments is confined to specialist trading and central treasury organisations that have appropriate skills, experience, supervision, control and reporting systems. Credit risk policies are in place to ensure that sales of products are made to customers with appropriate creditworthiness, and include detailed credit analysis and monitoring of customers against counterparty credit limits. Where appropriate, netting arrangements, credit insurance, prepayments and collateral are used tomanage credit risk. We maintain a committed credit facility. Management believes it has access to sufficient debt funding sources (capital markets) and to undrawn committed borrowing facilities to meetforeseeable requirements. ", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + }, + "1258": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1258, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 83, + "start_index_page": 1242, + "last_index_page": 1258 + } + }, + "84": { + "1259": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1259, + "paragraph": "PENSION COMMITMENTS We have substantial pension commitments, the funding of which is subject to capital market risks (see \u201cRisk factors\u201d on page 33). We address key pension risks in a number of ways. Principal among these is the Pensions Forum, chaired by the Chief Financial Officer, which oversees Shell\u2019s input to pension strategy, policy and operation. A risk committee supports the forum in reviewing the results of assurance processes in respect to pensions risks. In general, local trustees manage the funded defined benefit pension plans, with contributions paid based on independent actuarial valuations in accordance with local regulations. Our total employer contributions to funded and unfunded defined benefit pension plans were $1.5 billion in 2019 and are estimated to be $0.7 billion in 2020. See Note 17 to the Consolidated Financial Statements at page 223.", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1260": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1260, + "paragraph": "December 31, 2019 186,476 15,064 81,360 96,424 282,900", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1261": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1261, + "paragraph": "$ million December 31, 2018 198,646 10,134 66,690 76,824 275,470", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1262": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1262, + "paragraph": "Equity attributable to Royal Dutch Shell plc shareholders Current debt Non-current debt Total debt [A] Total capitalisation [A] Of total debt, $65.7 billion (2018: $62.7 billion) was unsecured and $30.7 billion (2018: ", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1263": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1263, + "paragraph": "$14.1billion) was secured. See Note 14 to the \u201cConsolidated Financial Statements\u201d on pages191-194 for further disclosure on debt. ", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1264": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1264, + "paragraph": "STATEMENT OF CASH FLOWS Cash flow from operating activities in 2019 was an inflow of $42.2 billion, compared with $53.1 billion in 2018, mainly due to lower earnings and anunfavourable working capital impact. The increase in cash flow from operating activities in 2018, compared with $35.7 billion in 2017, was mainly due to higher earnings and a favourable working capital impact.", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1265": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1265, + "paragraph": "Cash flow from investing activities in 2019 was an outflow of $15.8 billion, compared with an outflow of $13.7 billion in 2018. The increased cash outflow was mainly due to lower proceeds from the sale of equity securities, partly offset by higher proceeds from sale of assets in2019. Theincreased cash outflow in 2018 compared with $8.0 billion in2017 was mainly due to lower proceeds from the sale of assets andsecurities in2018.", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1266": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1266, + "paragraph": "Cash flow from financing activities in 2019 was an outflow of $35.2 billion, compared with outflows of $32.5 billion in 2018 and $27.1 billion in2017. In 2019, this included payment of dividends to Royal Dutch Shell plc shareholders of $15.2 billion (2018: $15.7 billion; 2017: $10.9 billion), net repayment of debt of $3.4 billion (2018: $8.3 billion; 2017: $11.8 billion), repurchases of shares of $10.2 billion (2018: $3.9 billion) and interest paid of $4.6 billion (2018: $3.6 billion; 2017: $3.6 billion).", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1267": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1267, + "paragraph": "Cash and cash equivalents were $18.1 billion at December 31, 2019 (2018:$26.7 billion; 2017: $20.3 billion).", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1268": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1268, + "paragraph": "CASH FLOW FROM OPERATING ACTIVITIES The most significant factors affecting our cash flow from operating activities are earnings, which are mainly impacted by: realised prices forcrude oil, natural gas and LNG; production levels of crude oil, naturalgas and LNG; refining and marketing margins; and movements inworking capital.", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1269": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1269, + "paragraph": "The impact on earnings from changes in market prices depends on: the extent to which contractual arrangements are tied to market prices; the dynamics of production-sharing contracts; the existence of agreements with governments or state-owned oil and gas companies that have limited sensitivity to crude oil and natural gas prices; tax impacts; and the extent to which changes in commodity prices flow through into operating costs. Changes in benchmark prices of crude oil and natural gas in any particular period therefore provide only a broad indicator of changes in our Integrated Gas and Upstream earnings in that period. In the longer term, replacement of proved oil and gas reserves will affect our ability tomaintain or increase production levels, which in turn will affect our earnings and cash flows. Changes in any one of a range of factors, derived from either within the industry or the broader economic environment, can influence refining and marketing margins. The precise impact of any such changes depends on how the oil markets respond to them. The market response is affected by factors such as: whether the change affects all crude oil types or only a specific grade; regional andglobal crude oil and refined products inventories; and the collective speed of response of refiners and product marketers in adjusting their operations. As a result, margins fluctuate from region to region and fromperiod to period.", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1270": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1270, + "paragraph": "CAPITAL INVESTMENT AND CASH CAPITAL EXPENDITURE The level of capital investment in 2019 and 2018 reflects our discipline, focus and capital efficiency. ", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1271": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1271, + "paragraph": "Integrated Gas Upstream Downstream Corporate Total capital investment [A] 2018 and 2017 as revised. See \u201cNon-GAAP measures reconciliations\u201d on pages 279-280.", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1272": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1272, + "paragraph": "2019 6,706 11,075 10,542 465 28,788", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1273": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1273, + "paragraph": "2018 4,259 12,785 7,565 269 24,878", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1274": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1274, + "paragraph": "$ million 2017 3,921 13,160 6,418 157 26,655", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1275": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1275, + "paragraph": "With effect from January 1, 2019, cash capital expenditure was introduced to monitor investing activities on a cash basis, excluding items such as lease additions which do not necessarily result in cash outflows in the period. The capital discipline demonstrated in 2019 allowed us to maintain our cash capital expenditure in line with the $24-29 billion range. ", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1276": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1276, + "paragraph": "Cash capital expenditure", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1277": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1277, + "paragraph": "Integrated Gas Upstream Downstream Corporate Total cash capital expenditure", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1278": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1278, + "paragraph": "2019 4,299 10,277 8,926 418 23,919", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1279": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1279, + "paragraph": "2018 3,819 12,582 7,408 269 24,078", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1280": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1280, + "paragraph": "$ million 2017 3,616 11,670 6,090 157 21,533", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + }, + "1281": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1281, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 84, + "start_index_page": 1259, + "last_index_page": 1281 + } + }, + "85": { + "1282": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1282, + "paragraph": "LIQUIDITY AND CAPITAL RESOURCES continued", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1283": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1283, + "paragraph": "Cash flow from operating activities excluding working capital movements", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1284": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1284, + "paragraph": "Integrated Gas Upstream Downstream Corporate", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1285": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1285, + "paragraph": "Total (Increase)/decrease in inventories (Increase)/decrease in current receivables Increase/(decrease) in current payables (Increase)/decrease in working capital Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Currency translation differences relating to cash and cash equivalents Increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year [A] See the \u201cConsolidated Statement of Cash Flows\u201d on page 194. ", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1286": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1286, + "paragraph": "14.8 20.5 11.9 (0.3) 47.0 (2.6) (0.9) (1.2) (4.8) 42.2 (15.8) (35.2) 0.1 (8.7) 26.7 18.1", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1287": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1287, + "paragraph": "16.3 21.9 10.8 0.7 49.7 2.8 2.0 (1.3) 3.4 53.1 (13.7) (32.5) (0.4) 6.4 20.3 26.7", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1288": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1288, + "paragraph": "8.7 16.3 12.6 0.3 37.9 (2.1) (2.6) 2.4 (2.3) 35.7 (8.0) (27.1) 0.6 1.2 19.1 20.3", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1289": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1289, + "paragraph": "DIVIDENDS Our policy is to grow the dollar dividend per share through time, in line with our view of our underlying earnings and cash flow. When setting the dividend, the Board of Directors looks at a range of factors, including the macroeconomic environment, the current balance sheet, future investment plans and existing commitments. We returned $15.2 billion to our shareholders through dividends in 2019.", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1290": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1290, + "paragraph": "The fourth quarter 2019 interim dividend of $0.47 per share will be payable to shareholders on the register at February 14, 2020. See Note 23 to the \u201cConsolidated Financial Statements\u201d on page 235. The Board expects that the first quarter 2020 interim dividend will be $0.47 pershare, equal to the US dollar dividend per share for the same quarterin2019.", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1291": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1291, + "paragraph": "PURCHASES OF SECURITIES On July 26, 2018, the Company announced the commencement of a share buyback programme of at least $25 billion, subject to further progress with debt reduction and oil price conditions. This was in accordance with the authority granted by shareholders at the 2018 Annual General Meeting (AGM) for the Company to repurchase up to a maximum of 10% of its issued ordinary shares, excluding treasury shares (834 million ordinary shares). At the 2019 AGM, shareholders granted a renewal of this authority, to repurchase up to a maximum of 815 million ordinary shares, such authority to expire at the earlier of the close of ", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1292": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1292, + "paragraph": "business on August 21, 2020 and the end of the 2020 AGM. As at December 31, 2019, 445 million A shares with a nominal value of \u20ac31 million ($38 million) and 16 million B shares with a nominal value of \u20ac1 million ($1 million) (5.85% of the Company\u2019s total issued share capital at December 31, 2019) had been cumulatively purchased and cancelled since the beginning of this programme, for a total cost of $14.1 billion including expenses, at an average price of $30.67 per share. As at December 31, 2019, 647 million ordinary shares could still be repurchased under the current AGM authority. The purpose of the share repurchases in2018 and 2019, and in the period ended January 24, 2020, was to reduce the issued share capital of the Company. A new resolution will be proposed at the 2020 AGM to renew the authority for the Company to purchase its own share capital, up to specified limits, for a further year. This proposal will be described in more detail in the 2020 Notice of Annual General Meeting. ", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1293": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1293, + "paragraph": "Shares are also purchased by the employee share ownership trusts andtrust-like entities (see the \u201cDirectors\u2019 Report\u201d on page 104-171) to meetdelivery commitments under employee share plans. All share purchases are made in open-market transactions.", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1294": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1294, + "paragraph": "The table below provides information on purchases of shares in 2019, andin the period ended January 24, 2020, by the Company and affiliated purchasers. Purchases in euros and sterling are converted intodollars using the exchange rate on each transaction date.", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + }, + "1295": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1295, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 85, + "start_index_page": 1282, + "last_index_page": 1295 + } + }, + "86": { + "1296": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1296, + "paragraph": "Purchases of equity securities by issuer and affiliated purchasers in 2019 [A]", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1297": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1297, + "paragraph": "Number purchased for employee share plans \u2013 \u2013 \u2013 231,910 \u2013 \u2013 141,555 \u2013 1,650,000 4,413,134 4,067,133 1,119,733 11,623,465 \u2013 \u2013", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1298": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1298, + "paragraph": "Number purchased for cancellation [C] 19,086,716 25,651,490 27,792,913 16,918,437 29,386,861 20,578,030 29,200,419 26,663,906 31,947,755 26,563,443 35,836,732 30,475,077 320,101,779 23,206,521 [E] 23,206,521", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1299": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1299, + "paragraph": "Purchase period January February March April May June July August September October November December Total 2019 January Total 2020 [A] Reported as at settlement date. [B] American Depository Shares. [C] Under the share buyback programme. [D] Includes stamp duty and brokers\u2019 commission. [E] As at January 24, 2020, the end of the sixth tranche of the share buyback programme.", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1300": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1300, + "paragraph": "Weighted average price ($)[D] 30.10 31.60 31.38 32.24 31.86 31.97 32.31 28.47 28.63 29.09 29.67 29.00 30.37 29.63 29.63", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1301": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1301, + "paragraph": "Number purchased for employee share plans \u2013 \u2013 \u2013 95,430 \u2013 20,830 \u2013 \u2013 709,388 1,933,105 1,628,144 979,363 5,366,260 \u2013 \u2013", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1302": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1302, + "paragraph": "Number purchased for cancellation [C] \u2013 \u2013 \u2013 \u2013 \u2013", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1303": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1303, + "paragraph": "\u2013 9,701,283 1,787,000 \u2013 \u2013 4,591,341 16,079,624 \u2013 \u2013", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1304": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1304, + "paragraph": "Weighted average price ($)[D] \u2013 \u2013 \u2013 31.48 \u2013 33.49 \u2013 28.02 27.70 29.06 29.48 28.30 28.28 \u2013 \u2013", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1305": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1305, + "paragraph": "Number purchased for employee share plans 1,854,168 \u2013 83,349 \u2013 \u2013 30,178 \u2013 \u2013 402,032 913,430 1,314,922 200,047 4,798,126 1,003,452 1,003,452", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1306": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1306, + "paragraph": "Weighted average price ($)[D] 59.21 \u2013 63.45 \u2013 \u2013 65.95 \u2013 \u2013 58.16 57.98 59.21 57.83 58.95 59.76 59.76", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1307": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1307, + "paragraph": "CONTRACTUAL OBLIGATIONS The table below summarises our principal contractual obligations at December 31, 2019, by expected settlement period. The amounts presented havenot been offset by any committed third-party revenue in relation to these obligations.", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1308": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1308, + "paragraph": "Contractual obligations", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1309": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1309, + "paragraph": "Less than 1 year 10.1 7.3 24.6 \u2013 42.0", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1310": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1310, + "paragraph": "Between 1 and 3 years 9.9 9.9 25.1 0.4 45.3", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1311": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1311, + "paragraph": "Between 3 and 5 years 6.5 7.6 18.3 \u2013 32.4", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1312": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1312, + "paragraph": "5 years and later 38.7 21.3 48.6 0.7 109.3", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1313": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1313, + "paragraph": "Debt [A] Leases Purchase obligations [B] Other long-term contractual liabilities [C] Total [A] See Note 14 to the \u201cConsolidated Financial Statements\u201don pages 218-219. Debt contractual obligations exclude interest, which is estimated to be $1.7 billion payable in less than one year, ", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1314": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1314, + "paragraph": "$3.0billion between one and three years, $2.6 billion between three and five years, and $14.6 billion in five years and later. For this purpose, we assume that interest rates with respect to variable interest rate debt remain constant at the rates in effect at December 31, 2019, and that there is no change in the aggregate principal amount of debt other than repayment at scheduled maturity asreflected in the table. Leases definition follows IFRS 16, which was implemented January 1, 2019. Lease contractual obligations include interest. ", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1315": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1315, + "paragraph": "[B] Purchase obligations disclosed in the above table exclude commodity purchase obligations that are not fixed or determinable and are principally intended to be resold in a short period of time through sale agreements with third parties. Examples include long-term non-cancellable LNG and natural gas purchase commitments and commitments to purchase refined products or crude oil atmarket prices. Inclusion of such commitments would not be meaningful in measuring liquidity and cash flow, as the cash outflows generated by these purchases will generally be offset in the same periods by cash received from the related sales transactions. ", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1316": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1316, + "paragraph": "[C] Includes all obligations included in \u201cTrade and other payables\u201d in \u201cNon-current liabilities\u201d in the \u201cConsolidated Balance Sheet\u201d that are contractually fixed as to timing and amount. In addition to ", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1317": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1317, + "paragraph": "these amounts, Shell has certain obligations that are not contractually fixed as to timing and amount, including contributions to defined benefit pension plans (see Note 17 to the \u201cConsolidated Financial Statements\u201d on pages 223-225) and obligations associated with decommissioning and restoration (see Note 18 to the \u201cConsolidated Financial Statements\u201d on page 226).", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1318": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1318, + "paragraph": "Total 65.2 46.1 116.6 1.1 229.0", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1319": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1319, + "paragraph": "GUARANTEES AND OTHER OFF-BALANCE SHEET ARRANGEMENTS There were no guarantees and other off-balance sheet arrangements atDecember 31, 2019, or 2018, that were reasonably likely to have amaterial effect on Shell.", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1320": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1320, + "paragraph": "FINANCIAL INFORMATION RELATING TO THE ROYAL DUTCH SHELL DIVIDEND ACCESS TRUST The results of operations and financial position of the Royal Dutch Shell Dividend Access Trust (the Trust) are included in the consolidated results ofoperations and financial position of Shell. Certain condensed financial information in respect of the Trust is given below. See \u201cRoyal Dutch Shell Dividend Access Trust Financial Statements\u201d on pages 251-255.", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1321": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1321, + "paragraph": "The Shell Transport and Trading Company Limited and BG Group Limited have each issued a dividend access share to Computershare Trustees (Jersey) Limited (the Trustee). For the years 2019, 2018 and 2017, the Trustrecorded income before tax of 5,484 million, 5,328 million, and4,567 million respectively. In each period, this reflected the amountofdividends received on the dividend access shares.", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1322": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1322, + "paragraph": "At December 31, 2019, the Trust had total equity of nil (2018: nil; 2017:nil), reflecting cash of 3 million (2018: 3 million; 2017: 2 million) and unclaimed dividends of 3 million (2018: 3 million; 2017: 2 million). The Trust only records a liability for an unclaimed dividend, and a corresponding amount of cash, to the extent that dividend cheque payments have not been presented within 12 months, have expired orhave been returned unpresented.", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + }, + "1323": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1323, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 86, + "start_index_page": 1296, + "last_index_page": 1323 + } + }, + "87": { + "1324": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1324, + "paragraph": "ENVIRONMENT AND SOCIETY", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1325": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1325, + "paragraph": "Our success in business depends on our ability to meet a range ofenvironmental and social challenges. We must operate safely andmanage the effect our activities can have on neighbouring communities and wider society. If we fail to do this, we may incurliabilitiesor sanctions, lose business opportunities, harm ourreputation, or our licence to operate may be impacted.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1326": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1326, + "paragraph": " See\u201cRiskfactors\u201d on page 27.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1327": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1327, + "paragraph": "Data in this section are reported on a 100% basis in respect of activities where we are the operator. Reporting on this operational control basisdiffers from that applied for financial reporting purposes in the \u201cConsolidated Financial Statements\u201d on pages 190-238. Detailed data andinformation on our 2019 environmental and social performance is expected to be published in the Shell Sustainability Report in April 2020.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1328": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1328, + "paragraph": "CONTROL FRAMEWORK The Shell General Business Principles set out our responsibilities to shareholders, customers, employees, business partners and society. Theyset the standards for the way we conduct business, with integrity, care and respect for people, the protection of the environment and mutually beneficial relationships with communities. All ventures that we operate must conduct their activities in line with our business principles. ", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1329": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1329, + "paragraph": "We aim to minimise the environmental impact of new projects and existing operations, and we engage with local communities and non-governmental organisations to understand and respond to their concerns. Shell conducts an environmental, social and health impact assessment for every major project. The definition of major projects considers two categories: capacity, including consequences from potential incidents; and cost. This helps us to understand and manage the effects our projects could have on the surrounding environment and local communities. We have standards and a clear governance structure in place to help manage potential impacts. We are committed to the safety of our people and contractors. The standards for Health, Safety, Security, Environment and Social Performance (HSSE & SP) and the scope for application of each of these standards is specified in the Shell HSSE & SP Control Framework (CF). TheCF is made up of a series of mandatory manuals, which are in line with the Shell Commitment and Policy on HSSE & SP and the Shell Code of Conduct. They are supported by a number of guidance documents and complemented by assurance protocols. The CF applies to every Shell entity, including all employees and contract staff, and to Shell-operated ventures. The CF defines standards and accountabilities at each level of the organisation and sets out the procedures and processes people are required to follow. We require that all significant HSSE & SP risks associated with our business activities are assessed and managed to as low as reasonably practicable. Our HSSE & SP functions provide expert advice and support for the business. The Process Safety and HSSE & SP Assurance team provides assurance on the effectiveness of HSSE & SP controls to the Board.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1330": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1330, + "paragraph": "We expect joint ventures not operated by Shell to apply standards andprinciples similar to our own. We support these joint ventures in theirimplementation of our HSSE & SP Control Framework, or of a similarframework, and offer to review the effectiveness of their implementation. Even if such a review is not carried out, we periodically evaluate HSSE & SP risks faced by the ventures which we do not operate. If one of these joint ventures does not meet our expectations, we work toput remedial action plans in place, in agreement with our partners, toimprove performance.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1331": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1331, + "paragraph": "HSSE & SP Control Framework", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1332": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1332, + "paragraph": "Contractor HSSE Management ", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1333": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1333, + "paragraph": "Shell aims to work with suppliers that behave in a safe, economically, environmentally and socially responsible manner. Our approach to suppliers is set out in our Shell General Business Principles and Shell Supplier Principles. These principles cover expectations in areas such asbusiness integrity, health and safety, environment, and human rights. Working with suppliers in this way is central to maintaining a strong societal support for our operations.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1334": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1334, + "paragraph": "SAFETY Safety is central to the responsible delivery of energy. We develop and operate our facilities with the aim of preventing any incidents that may harm our employees, contract staff or nearby communities, or cause damage to our assets or adversely impact the environment. We strive tohelp improve safety performance throughout the energy industry bysharing our safety experience and standards with other operators, contractors and professional organisations, including the International Association of Oil & Gas Producers (IOGP) and the Energy Institute. Shell\u2019s Safety, Environment and Sustainability Committee (SESCo) reviewsand advises the Board on our safety strategy, policies and performance. Safety performance is included in our annual bonus scorecard for all our employees.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1335": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1335, + "paragraph": " See also \u201cDirectors\u2019 Remuneration Report\u201d on pages 155-163.", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + }, + "1336": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1336, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 87, + "start_index_page": 1324, + "last_index_page": 1336 + } + }, + "88": { + "1337": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1337, + "paragraph": "How we mitigate We manage safety risks across our businesses through clear standards, controls and compliance systems, combined with a safety-focused culture. We strive to reduce risks and to minimise the potential impact of any incident. Our standards also apply to any joint ventures we operate. Wefocus on the three areas of safety with the highest risks associated with our activities: personal, process, and transport. We ensure that people responsible for tasks involving a significant safety hazard have the necessary training, skills and competencies. We employ a large number of contractors and we work with them to ensure they understand our safety requirements. Together we build skills and expertise to improve safety performance. We expect everyone working for us to comply with our 12 mandatory Life-Saving Rules. If employees break these rules, they face disciplinary action up to and including termination of employment. Ifcontract staff break the Life-Saving Rules, they can be removed fromtheworksite.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1338": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1338, + "paragraph": " See also \u201cControl Framework\u201d on page 84.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1339": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1339, + "paragraph": "Personal and process safety We continue to strengthen the safety culture and leadership among our employees and contract staff, with the focus on caring for people. Our safety goal is to achieve no harm and no leaks across all our operations. We refer to this as our Goal Zero ambition.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1340": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1340, + "paragraph": "We expect everyone working for us to intervene and stop work that mayappear to be unsafe. In addition to our ongoing safety awareness programmes, we hold an annual global safety day to give employees andcontract staff time to reflect on how to prevent incidents. ", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1341": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1341, + "paragraph": "Process safety management is about keeping hazardous substances inside pipes, tanks and vessels so they do not cause any harm to people orthe environment. It starts at the design and construction stage of our projects and is implemented throughout the life cycle of these facilities to ensure they are safely operated, well-maintained and regularly inspected. Our global standards and operating procedures define the controls and physical barriers we require to prevent incidents. For example, our offshore wells are designed with at least two independent barriers in the direction of flow to mitigate the risk of an uncontrolled release of hydrocarbons. We regularly inspect, test and maintain these barriers to ensure they meet our standards. In the event of a loss of containment such as a spill or a leak, we employ independent recovery measures to prevent the release from becoming catastrophic. This system of barriers and recovery measures is known as a \u201cbow-tie\u201d, a model that visually represents a system where personal and process safety hazards are managed through prevention and response barriers. Since 2016, we have been working on strengthening barriers that involve critical safety tasks carried out by frontline staff. We have embedded a set of process safety fundamentals, which provide clear guidelines for good operating practice to prevent unplanned releases.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1342": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1342, + "paragraph": "Risk management approach", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1343": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1343, + "paragraph": "We also routinely prepare and practise our emergency response to potential incidents such as a spill or a fire. This involves working closely with local services and regulatory agencies to jointly test our plans and procedures. These tests continually improve our readiness to respond. If an incident does occur, we have procedures in place to reduce the impact on people and the environment.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1344": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1344, + "paragraph": "Transport safety Transporting large numbers of people, products and equipment by road, rail, sea and air poses safety risks. We develop best-practice standards within Shell to find ways of reducing transport safety risks, and work with specialist contractors, industry bodies, non-governmental organisations and governments.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1345": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1345, + "paragraph": "Shell employees and contractors drove a combined distance of around 575 million kilometres on business in 2019 in close to 60 countries. We runroad safety programmes, such as those that promote safe driving techniques and behaviour. We require everyone driving more than 7,500 kilometres a year on company business on public roads and those who drive in road safety high-risk countries to take a defensive driving course. In addition, we run an annual online defensive driving course for all who drive on public roads on Shell business. Outside our operations, we also work to improve road safety in several communities and countries where we operate. For example, in India, we have rolled out a road safety campaign that provides truck drivers with free eye tests and free prescription glasses.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1346": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1346, + "paragraph": "Safety performance While we continually work to minimise the likelihood of incidents, some do occur. Regrettably, seven people lost their lives while working for Shell in 2019, compared with two fatalities in 2018.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1347": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1347, + "paragraph": "In 2019, two contractors died in Nigeria when an oil and gas maintenance vessel they were travelling on capsized in bad weather. A Shell employee died after falling from height into water while a vessel was being moored at Shell\u2019s Mormon Island facility in the USA. A Shell employee based at Convent Refinery in the USA was fatally injured in a collision on the road when driving from the airport after his return from a business conference. A Shell employee and a contractor died during a routine and mandatory test of the lifeboat launch and retrieval capabilities at the Auger tension-leg platform in the US Gulf of Mexico when the lifeboat disconnected from the lifting apparatus at height. A roll-over incident occurred in Pakistan involving a road tanker which led to one contractor being fatally injured.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1348": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1348, + "paragraph": "Road transportation remains a challenging and complex area for industries worldwide. After a devastating roll-over incident occurred in Pakistan in 2017, involving a road tanker hired by a company that was providing road transport services to Shell Pakistan Limited, Shell Pakistan has been working with road transport companies it hires, regulators and emergency services in Pakistan to improve safety standards.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1349": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1349, + "paragraph": "We require incidents to be investigated to understand the underlying causes, including the technical, behavioural, organisational and human elements. We share learnings and implement mitigations at the site and inthe country and business where the incident took place. We seek to translate incident findings into improvements in standards or ways of working that can be applied broadly across similar facilities in Shell.", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + }, + "1350": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1350, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 88, + "start_index_page": 1337, + "last_index_page": 1350 + } + }, + "89": { + "1351": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1351, + "paragraph": "ENVIRONMENT AND SOCIETY continued", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1352": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1352, + "paragraph": "In 2019, Shell\u2019s Board and Executive Committee spent considerable time reflecting on the concerning safety performance, measured by the number of fatalities, and what needs to change at Shell to prevent fatalities and all other serious incidents. This included carrying out a full review of Shell\u2019s safety approach, which covered the effectiveness of current preventative tools, such as the Life-Saving Rules and Goal Zero ambition.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1353": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1353, + "paragraph": "Since the early 2000s, we made progress in improving the safety of our operations. This was largely due to a stronger safety culture, guided by our Goal Zero ambition to achieve no harm and no leaks, more effective standards, and requirements such as the Life-Saving Rules. Of all the fatalities in recent years, the vast majority have no link to a breach of the Life-Saving Rules. But sadly, we have not been able to eliminate all fatal incidents involving Shell employees and contractors.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1354": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1354, + "paragraph": "We are now building on our current approach to safety with a more consistent focus on the way people, culture, equipment, work systems and processes all interact. Many of our fatalities over the last five years were down to the complex interaction between these elements. We aim to better understand the gap between how we anticipate work will be done safely and how the work is actually carried out. We continue to work to prevent incidents by maintaining safety barriers and providing training, and we acknowledge that people make mistakes and not all incidents may be preventable. Therefore, we will focus more on how people can \u201cfail safely\u201d, and on our response in the moment to avoid the risk of a serious injury. This approach is a philosophical change, which we will startto deploy from 2020 onwards for all employees and contractors.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1355": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1355, + "paragraph": "As set out in \u201cPerformance indicators\u201d on page 42, our total recordable case frequency (injuries per million working hours) was 0.9 in 2019, compared with 0.9 in 2018, and there were 130 operational Tier 1 and 2process safety events in 2019, compared with 121 in 2018. Detailed information on our 2019 safety performance is expected to be publishedin the Shell Sustainability Report in April 2020. ", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1356": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1356, + "paragraph": "ENVIRONMENT We are committed to protecting the environment. For us, being responsible means understanding the impact Shell can have on the environment and the communities we share it with \u2013 before, during and at the end of our operations. We aim to make a positive contribution to the local environments in which we operate and seek to reduce any potential negative environmental impacts. This is why we set ourselves high internal environmental standards. These match and, in some cases exceed, local regulatory requirements. We aim to continually improve our performance, and to prepare to respond to future challenges and opportunities. We adhere to external standards and guidelines, such as those developed bythe World Bank and International Finance Corporation, to inform ourapproach. For us, protecting the environment also means working totransform our product mix over time, for example, by expanding the choice of lower-carbon products we offer customers. Shell\u2019s Safety, Environment and Sustainability Committee (SESCo) reviews and advises the Board on our environment strategy, policies and performance.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1357": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1357, + "paragraph": "How we mitigate Our global environmental standards cover our environmental performance, including managing emissions of greenhouse gases (GHG), using energy more efficiently, flaring less gas during oil production, preventing spills and leaks of hazardous materials, using less fresh water and conserving biodiversity wherever we operate. When planning new major projects, we carry out detailed environmental, social and health impact assessments.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1358": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1358, + "paragraph": " See also \u201cControl Framework\u201d on page 84.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1359": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1359, + "paragraph": "We apply the mitigation hierarchy in our projects and operations to aim tominimise our impact on the environment as much as possible. When looking at biodiversity, for example, this means that we first aim to avoid impacts on biodiversity and ecosystem services. Where avoidance is not possible, we aim to minimise our impact. Where our operations have affected biodiversity and the communities who rely on biodiversity for theirlivelihoods, we seek to help restore impacted habitats. We look foropportunities to make a positive contribution to conservation, also known as net-positive impact, where we operate. For example, the Shell-operated QGC gas project in Australia manages the Valkyrie property, an area with a rich ecosystem, as a biodiversity and carbon offset to compensate for clearing vegetation and habitat for the development of gas resources. We believe some areas are too sensitive toenter, so in 2003, we made the commitment that we will not explore for,or develop, oil and gas resources in natural World Heritage Sites.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1360": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1360, + "paragraph": "Another example of how we apply the mitigation hierarchy involves water.Ensuring the availability of fresh water is a growing challenge insome parts of the world. A combination of increasing demand for waterresources, growing stakeholder expectations and concerns, and water-related legislation may drive actions that affect our ability to secure access to fresh water and to discharge water from our operations. We manage our water use carefully, and we tailor our use of fresh water to local conditions because water constraints affect people at the local or regional level. In some cases, we use alternatives to fresh water in our operations; these include recycled water, processed sewage water and desalinated water. Our QGC project in Australia produces LNG from natural gas in the water-scarce region of the Surat Basin in Queensland. Water is produced as a natural by-product during the extraction of gas. Two water plants treat most of the produced water so that it is suitable for use by local farmers, industry and town water suppliers. An assessment of risks to water availability is required for each of our facilities and projects and, in areas of water scarcity, we develop water-management action plans that identify ways to use less fresh water, recycle water and closely monitor its use. ", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1361": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1361, + "paragraph": "In 2019, our intake of fresh water was 192 million cubic metres, compared to 199 in 2018. Around 90% of our fresh water intake was used for manufacturing oil products and chemicals, with the rest mainly used for oiland gas production. Around 40% of freshwater intake was from public utilities, such as municipal water supplies, with the remainder taken from surface water such as rivers and lakes (around 51%) and groundwater (around 9%).", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1362": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1362, + "paragraph": "Detailed information on our 2019 environmental performance is expected to be published in the Shell Sustainability Report in April 2020.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1363": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1363, + "paragraph": " See \u201cClimate change and energy transition\u201d on pages 91 formoreinformation on how we manage our GHG emissions.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1364": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1364, + "paragraph": "SPILLS Large spills of crude oil, oil products and chemicals associated with our operations can adversely impact the environment and wildlife, and result in major clean-up costs as well as fines and other damages. They can alsoaffect our licence to operate and harm our reputation.", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + }, + "1365": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1365, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 89, + "start_index_page": 1351, + "last_index_page": 1365 + } + }, + "90": { + "1366": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1366, + "paragraph": "How we mitigate We have requirements and procedures designed to prevent spills. We aim to design, operate and maintain our facilities so that we avoid spills. To further reduce the risk of spills, Shell has routine programmes to maintain and improve the reliability of facilities and pipelines. Our business units areresponsible for organising and executing oil-spill responses in line with Shell guidelines and relevant legal and regulatory requirements. All our offshore installations have plans in place to respond to spills. These plans detail response strategies and techniques, available equipment, and trained personnel and contracts. We are able to call upon site-managed resources such as containment booms. We are also able to draw upon the contracted services of oil-spill response organisations, their containment booms, collection vessels, aircraft or other equipment if required for large spills. We conduct regular exercises that seek to ensure these plans remaineffective.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1367": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1367, + "paragraph": "Spills in Nigeria Most oil spills in the Niger Delta region of Nigeria continue to be caused by crude oil theft or sabotage of oil and gas production facilities, and illegal oil refining, including the distribution of illegally refined products. In2019, about 95% of 164 oil spills of more than 100 kilograms from the Shell Petroleum Development Company of Nigeria Limited (SPDC) joint venture\u2019s facilities were due to illegal activities by third parties. In 2019, the volume of crude oil spills caused by sabotage was 2.0 thousand tonnes (157 incidents), compared to 1.6 thousand tonnes (111 incidents) in 2018. However, there are instances where spills occur due to operational reasons. In 2019, SPDC managed to reduce the volume of operational spills of more than 100 kilograms to about 0.03 thousand tonnes of crude oil (seven incidents) compared to about 0.4 thousand tonnes of crude oil (15 incidents) in 2018. This represents a reduction of about 93% in operational spills weight year-on-year.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1368": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1368, + "paragraph": "We have further developed our ability to respond to spills to water, and we maintain a Global Response Support Network of trained staff to support our worldwide response capability. This is also supported by ourglobal Oil Spill Expertise Centre, which tests local capability and maintains our ability globally to respond to a significant spill into a marineenvironment.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1369": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1369, + "paragraph": "We are a founding member of the Marine Well Containment Company, anon-profit industry consortium providing a well-containment response system for the Gulf of Mexico. In addition, we are a founding member ofthe Subsea Well Response Project, an industry cooperative effort to enhance global well-containment capabilities, which has transitioned toOil Spill Response Limited, an industry consortium.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1370": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1370, + "paragraph": "We also maintain site-specific emergency response plans in the event of an onshore spill. Like the offshore response plans, these are designed to meet Shell guidelines as well as relevant local legal and regulatory requirements. They also provide for the initial assessment of incidents and the mobilisation of resources needed to manage them. In the event of spills on land, businesses are supported by our global Soil & Groundwater Team whose role is to review and implement appropriate remedies such as sustainable remediation. The global Soil & Groundwater Team is engaged throughout the lifecycle of our assets. For example, during acquisition and divestment of assets, they conduct due diligence to identify land contamination liabilities. Through research and development initiatives, the Soil & Groundwater Team collaborates with regulators in developing, modifying, and applying sustainable remediation techniques.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1371": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1371, + "paragraph": "Spills still occur for reasons such as operational failure, accidents or unusual corrosion. In 2019, the number of operational spills of more than100 kilograms decreased to 70 from 93 in 2018 (see \u201cPerformance indicators\u201d on page 44). The weight of operational spills of oil and oil products in 2019 was 0.2 thousand tonnes, a decrease from 0.9 thousand tonnes in 2018. At the time of publication of this report, there was one spill under investigation in Nigeria that may result in adjustments.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1372": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1372, + "paragraph": "Irrespective of the cause, SPDC works to clean up and remediate areas impacted by spills originating from its facilities. SPDC succeeded in cutting the average time to complete recovery of free and/or residual oil from about 13 days in 2016 to about seven days in 2019. This entails the average time it takes to safely access an impacted site to commence Joint Investigation Visits (JIV) with diverse stakeholders including NGOs and communities, and clean up oil not mixed with water or soil. Clean-up activities include bio-remediation which stimulates microorganisms that naturally break down and use carbon-rich oil contamination as a source offood and energy, ultimately leading to its removal. Once clean-up andremediation operations are completed, the work is inspected and, ifsatisfactory, approved and certified by the Nigerian regulators. In caseof operational spills, SPDC also pays compensation to people andcommunities impacted.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1373": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1373, + "paragraph": "To reduce the number of operational spills, SPDC is focused on implementing its ongoing work programme to appraise, maintain and replace key sections of pipelines and flow lines. Over the last eight years, about 1,330 kilometres of pipelines and flow lines have been replaced. This is managed through a pipeline and flow line integrity management system that proactively manages pipeline integrity, puts barriers in place where necessary, and recommends when and where pipeline sections should be replaced to prevent failures. In 2018, this integrity management system was enhanced to manage threats arising from frequent pipeline sabotage or vandalism.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1374": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1374, + "paragraph": "SPDC continues to undertake integrated focused initiatives to prevent and minimise spills caused by theft and sabotage of its facilities in the Niger Delta. In 2019, SPDC continued on-ground surveillance of the SPDC joint venture\u2019s areas of operation, including its pipeline network, to mitigate third-party interference and ensure that spills are detected and responded to as quickly as possible. There are also daily overflights of the most vulnerable segments of the pipeline network to identify any new spill incidents or illegal activities. SPDC has also implemented anti-theft protection mechanisms on key infrastructure, such as wellheads and manifolds. The programme to protect well-heads with steel cages continues to help deter theft. By end of 2019, 301 cages had been installed and another 86 units are planned for installation in 2020, including enhanced CCTV for all installed cages. Only three breaches outof about300 registered attempts were successful.", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + }, + "1375": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1375, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 90, + "start_index_page": 1366, + "last_index_page": 1375 + } + }, + "91": { + "1376": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1376, + "paragraph": "ENVIRONMENT AND SOCIETY continued", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1377": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1377, + "paragraph": "Since 2012, SPDC has worked with the International Union for Conservation of Nature (IUCN) to enhance remediation techniques and to protect biodiversity at sites affected by oil spills in SPDC\u2019s areas of operation in the Niger Delta. Based on this collaboration, SPDC has launched further improvement initiatives to help strengthen its remediation and restoration efforts. In 2019, SPDC and IUCN worked together on the Niger Delta Biodiversity Technical Advisory Group which also includes representatives from the Nigerian Conservation Foundation and Wetlands International, to continue to monitor biodiversity recovery ofremediated sites.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1378": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1378, + "paragraph": "SPDC also works with a range of stakeholders in the Niger Delta to build greater trust in spill response and clean-up processes. Local communities take part in the remediation work for operational spills.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1379": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1379, + "paragraph": "In certain instances, some non-governmental organisations have also participated in joint investigation visits along with government regulators, SPDC and members of impacted communities, to establish the cause and volume of oil spilled.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1380": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1380, + "paragraph": "SPDC has also implemented several initiatives and programmes to raise awareness of the negative impact of crude oil theft and illegal oil refining. Examples include community-based pipeline surveillance and the promotion of alternative livelihoods through Shell\u2019s flagship youth entrepreneurship programme, Shell LiveWIRE.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1381": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1381, + "paragraph": "In 2015, SPDC, on behalf of the SPDC joint venture and the Bodo community, signed a memorandum of understanding (MOU) granting access to SPDC to begin the clean-up of areas affected by two operational spills in 2008. The MOU also provided for the selection of two international contractors to conduct the clean-up and to be overseen by an independent project director. The clean-up project suffered a delay in 2016 and most of 2017 due to access challenges from the community. After engagement with the Bodo community and other stakeholders over two years, beginning in September 2015, and managed by the Bodo Mediation Initiative, the first phase of clean-up and remediation activities started in September 2017. The clean-up consists of three phases: 1) removal of free-phase surface oil, 2) remediation of soil, and 3) planting of mangroves and monitoring. The first phase was completed in August 2018 and the contract procurement process for phase two was finalised in 2019 with four remediation contractors having international technical partners and two consultancy contractors selected. Mobilisation is expected to effectively start in 2020. Prior to engagement on the project, 800 community workers were medically checked, tested for swimming ability, and trained to International Maritime Organization (IMO) Oil Spill Response Levels 1 and 2. Field remediation activities commenced in November 2019. Should activities continue uninterrupted, phase two (soil remediation) is expected to take around 18 months. However, for itto be successful, there must be no re-contamination of cleaned-up sites from illegal third-party activities, such as crude oil theft and illegal refining.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1382": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1382, + "paragraph": "SPDC remains committed to the implementation of the 2011 United Nations Environmental Programme (UNEP) Report on Ogoniland. Over the last eight years, SPDC has taken action on all, and completed most, of the UNEP recommendations addressed specifically to it as operator of the joint venture. The UNEP report recommended the creation of an Ogoni Trust Fund (OTF) with $1 billion capital, to be co-funded by the Nigerian government, the SPDC joint venture and other operators in the area. The SPDC joint venture remains fully committed to contributing $900 million as its share over five years to the Fund. SPDC JV partners contributed the first instalment of $180 million for the clean-up by July 2018 and released the second instalment of $180 million in 2019. SPDC assigned a senior engineer with project management, contracting, and procurement ", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1383": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1383, + "paragraph": "experience to support and enhance the capability within the Hydrocarbon Pollution Remediation Project (HYPREP). In November 2018, HYPREP awarded contracts for the first set of remediation projects. In March 2019, 21 contractors started operations on 21 lots which add up to 12 of the 67 polluted sites recorded in the UNEP report. At the same time, medical outreach and livelihood programmes started. The process to select contractors to work on nine additional polluted sites was completed in January 2020. Although remediation works continue to progress, challenges remain. These include re-pollution, lack of contractor funding, land disputes and security issues in Ogoniland. The UNEP continues to monitor the success of the clean-up exercise via itsobserver status at both the Governing Council and the Ogoni Trust Fund. Its agencies such as UNDP, UNITAR and UNOPS provide servicesto HYPREP in the area of livelihood programmes, training andproject services.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1384": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1384, + "paragraph": "HYDRAULIC FRACTURING Shale oil and gas resources are a critical part of a modern energy system. These resources are not only abundant and affordable, but offer options to scale up and down investment in the development of these resources. According to US Energy Information Administration (EIA) estimates, there are 7,576.6 trillion cubic feet of unproven technically recoverable wet shale gas resources and 418.9 billion barrels of unproven technically recoverable tight oil resources spread across 46 countries. We believe development of these resources is critical for meeting the energy needs ofgrowing societies around the world.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1385": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1385, + "paragraph": "The oil and gas industry has used hydraulic fracturing to unlock tight/shale oil and gas resources in vertical wells for decades. In the past 20 years, hydraulic fracturing has also been used in horizontal wells to recover natural gas and oil. The technology has opened up vast resources that were previously thought to be unrecoverable. Hydraulic fracturing has been used by the industry in more than 2.5 million oil and gas wells, many of them in the USA. Hydraulic fracturing involves pumping a fluid that is typically 99.9% water and sand, and around 0.1% chemical additives into tight sand or shale rock at high pressure. This creates threadlike fissures \u2013 typically the diameter of a human hair \u2013 in the rock, creating space through which the hydrocarbons can flow more easily.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1386": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1386, + "paragraph": "At Shell, we believe we can explore, develop and produce tight/shale oiland gas resources safely and responsibly. Our operations are underpinned by our Principles for Producing Tights/Shale Oil and Gas (known as Onshore Operating Principles) that provide a framework for protecting the environment and the communities in which we operate. Ouroperating principles cover safety, air quality, water protection and usage, land use and engagement with local communities. We review theOnshore Operating Principles annually and update them as new technologies, challenges and regulatory requirements emerge. We alsosupport appropriate and fit-for-purpose regulations.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1387": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1387, + "paragraph": "The availability and quality of water, the local environmental conditions and the regulatory requirements vary from basin to basin. Therefore, we develop a tailor-made water management strategy for each of our shale assets, identifying short and long-term water needs, options for water sourcing, recycling and sharing, options for treatment and disposal, and options for transportation and storage. We aim to minimise the use of water in our shale operations. Depending on local hydro-geologic conditions, we typically use a combination of fresh water, brackish groundwater, produced water and waste water. We actively strive to reduce and ideally eliminate our freshwater intake for our drilling and hydraulic fracturing operations by increasing our recycling capacity andusing municipal water.", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + }, + "1388": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1388, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 91, + "start_index_page": 1376, + "last_index_page": 1388 + } + }, + "92": { + "1389": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1389, + "paragraph": "Potable groundwater aquifers are isolated from the hydrocarbon- producing shale formations by several thousand feet of impermeable rock. However, we often need to drill through potable groundwater aquifers toreach shale formations. Therefore, we design our drilling, hydraulic fracturing and production activities in a way that aims to maintain isolation from potable groundwater aquifers. Before we drill a well, we conduct a hazard assessment to analyse risks to groundwater aquifers and develop control measures to reduce those risks. When we drill, wehave at least two physical barriers, consisting of steel casing and cement, between the well bore and potable groundwater aquifers. Wecontinuously monitor wellbore integrity before, during and after hydraulic fracturing and during production activities.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1390": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1390, + "paragraph": "Chemical additives are needed in the hydraulic fracturing fluid to carry sand, reduce friction and prevent the growth of bacteria. Since 2015, we have optimised the composition of our hydraulic fracturing fluids. As a result, we have reduced chemical additive volumes by around 50-60%. Currently, on a volume basis, about 0.1% of our hydraulic-fracturing fluid ischemical additives. We support full disclosure of the chemical additives used in hydraulic-fracturing fluids for Shell-operated wells. Find more information about our water management practices, such as the \u201cOnshore Operating Principles in Action: Water Fact Sheet\u201d, on our webpage.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1391": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1391, + "paragraph": "SEISMICITY As oil and gas fields mature, seismic activity may increase in certain circumstances based on the unique geology of individual fields. For example, production from the onshore Groningen gas field in the Netherlands is in the process of being closed down due to earthquakes induced by the gas production. Some of these earthquakes have caused damage to houses and other structures in the region, resulting in complaints, claims and lawsuits from local house owners and residents. Arange of actions have been taken to improve safety, liveability and economic prospects in the region. The gas field is operated by the Nederlandse Aardolie Maatschappij B.V. (NAM, Shell interest 50%). NAM is working with the Dutch government and other stakeholders to fulfil its obligations to residents of the area, which include compensation for damage caused by the earthquakes.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1392": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1392, + "paragraph": "Overall, we believe there is a relatively low likelihood of hydraulic fracturing or produced water disposal well operations inducing seismicity that is felt on the surface. Shell, however, still takes precautionary measures around induced seismicity, and proactively manages the risk in accordance with, and sometimes beyond, regulatory requirements. We have added induced seismicity to our Onshore Operating Principles and developed internal guidelines that we apply to our shale assets. They outline a risk assessment process and provide a framework for risk management. Subsurface and surface conditions vary from basin to basin, which means that management practices need to reflect the risk profile of each basin and provide customised responses to the risks. We support fit-for-purpose, science-based state and provincial regulations. Find more information about our induced seismicity management practices, such as the \u201cOnshore Operating Principles in Action: Induced Seismicity Fact Sheet\u201d, on our webpage.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1393": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1393, + "paragraph": "ENVIRONMENTAL COSTS We are subject to a variety of environmental laws, regulations and reporting requirements in the countries where we operate. Infringing any of these laws, regulations and requirements could harm our reputation and ability to do business, and result in significant costs, including clean-upcosts, fines, sanctions and third-party claims.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1394": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1394, + "paragraph": "Our ongoing operating expenses include the costs of avoiding unauthorised discharges into the air and water, and the safe disposal andhandling of waste.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1395": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1395, + "paragraph": "We place a premium on developing effective technologies that are also safe for the environment. However, when operating at the forefront of technology, there is always the possibility that a new technology has environmental impacts that were not assessed, foreseen or determined tobe harmful when originally implemented. While we believe we take reasonable precautions to limit these risks, we are subject to additional remedial environmental and litigation costs as a result of our operations\u2019 unknown and unforeseen impacts on the environment. Although these costs have so far not been material to us, no assurance can be given thatthis will always be the case.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1396": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1396, + "paragraph": "SECURITY Our operations expose us to criminality, civil unrest, activism, terrorism, cyber disruption and acts of war that could have a material adverse effect on our business (see \u201cRisk factors\u201d on pages 27-36). We seek to obtain the best possible information to enable us to assess threats and risks. This includes building strong and open relationships with government security agencies. Mitigation thereafter includes the strengthening of the security of sites, reduction of our exposure as appropriate, journey management, information risk management as well as crisis management and business continuity measures. We conduct training and awareness campaigns for staff, and provide travel advice and 24/7 assistance while travelling. Theidentities of our employees and contract staff and their access to oursites and activities, both physical and logistical, are consistently verified and controlled. We manage and exercise crisis response andmanagement plans.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1397": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1397, + "paragraph": "CONTRIBUTION TO SOCIETY In 2019, Shell paid more than $61.3 billion to governments (2018: $64.1billion). We paid $7.8billion in income taxes and $5.9 billion ingovernment royalties, andcollected $47.6 billion in excise duties, salestaxes and similar levies on our fuel and other products on behalf ofgovernments. In 2019, Shell spent $44.9 billion (2018: $42.7 billion) on goods and services from 29,361 suppliers globally. Find more information about our approach to tax and transparency in the Tax Contribution Report, and to local content on our webpage.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1398": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1398, + "paragraph": "NEIGHBOURING COMMUNITIES Engaging with communities is part of our approach to managing human rights and providing access to remedy. Our global requirements for social performance aim to ensure that we operate in a responsible way, by avoiding or minimising the negative social impacts of our operations. They also help us maximise the benefits of our activities, such as employment and contractual opportunities that can support local economies.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1399": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1399, + "paragraph": "These requirements set clear rules and expectations for how we engage with and respect communities that may be impacted by our operations. We require Shell-operated major projects and facilities to have a social performance plan that defines actions for managing potential negative and positive impacts on the communities where they operate. Integral tothese plans are the identification of the social environment, the stakeholders who may be vulnerable to the operations, and an appropriate community feedback mechanism for listening and responding to queries, or resolving complaints, in a timely manner. We have specific requirements to avoid, minimise or mitigate potential impacts on indigenous peoples\u2019 traditional lifestyles, cultural heritage or involuntary resettlement.", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + }, + "1400": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1400, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 92, + "start_index_page": 1389, + "last_index_page": 1400 + } + }, + "93": { + "1401": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1401, + "paragraph": "ENVIRONMENT AND SOCIETY continued", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + }, + "1402": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1402, + "paragraph": "We have a network of about 100 community liaison officers (CLO) installed locally to act as a bridge between local communities and our businesses. The CLOs man our community centres on workdays, receiving visitors to listen to questions or complaints. Members of the community can also contact CLOs via dedicated telephone lines. It is their task to take any concerns back to the Shell facility and involve people who are best placed to take action. We are using a tool based on the United Nations Guiding Principles\u2019 criteria to measure the effectiveness of our operational community feedback mechanisms. ", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + }, + "1403": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1403, + "paragraph": "For example, in Berat, southern Albania, our activities caused traffic to rise, which resulted in dust pollution and caused health concerns for the local community. Shell set up a community centre with a CLO who brought the concerns to the attention of the Shell Upstream Albania leadership team. Three initiatives were implemented: traffic calming measures, dust suppression using environmentally friendly chemicals, and increasing the frequency of watering to mitigate and minimise the impacts of dust. Find more information about our work with communities on our webpage.", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + }, + "1404": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1404, + "paragraph": "HUMAN RIGHTS Human rights are fundamental to Shell\u2019s core values of honesty, integrity and respect for people. Respect for human rights is embedded in our Shell General Business Principles and in our Code of Conduct. Our approach isinformed by the Universal Declaration of Human Rights, the core conventions of the International Labour Organization and the United Nations\u2019 Guiding Principles on Business and Human Rights. Our joint-venture partners are expected to implement our control frameworkoranequivalent.", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + }, + "1405": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1405, + "paragraph": "We work closely with other companies and non-governmental organisations to improve the way we apply these principles. Our focus ison four priority areas where respect for human rights is critical to the way we operate: communities, security, labour rights, and supply chain. Ineachof those areas, we have systems in place to identify potential impacts and to avoid and mitigate them. For example, our HSSE & SP Control Framework contains our mandatory standards and manuals that set out how we identify, assess, and manage our impacts on communities where we operate \u2013 including any impact on human rights. We require allour companies and our contractors to respect the human rights of ourworkforce and our neighbouring communities.", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + }, + "1406": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1406, + "paragraph": "One of the Board committees, the Safety, Environment and Sustainability Committee, has the responsibility to review the standards, policies and conduct of the Company relating to the application of the Shell General Business Principles including sustainable development, and review the effectiveness of the compliance programme, including compliance with the Code of Conduct which includes Shell\u2019s responsibility to respect human rights. The overall accountability for sustainability within Shell lieswith the Chief Executive Officer and the Executive Committee. A cross-functional Human Rights Working Group advises on and supports the implementation and review of our approach to human rights. The group includes an external advisor. A steering committee composed of senior executives oversees the work of the Human Rights Working Group.", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + }, + "1407": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1407, + "paragraph": "Our approach to due diligence is informed by the UN Guiding Principles on Business and Human Rights. Due diligence in each focus area is typically exercised in areas where there may be a risk of impact to people, and is supported by experts internally. We recognise the role of due diligence in bringing our commitments to life. For example, in our supply chains, we engage contractors and suppliers deemed to be at higher risk for labour rights issues to undertake assessments of their management system prior to the award of a contract. Results of these supplier assessments are evaluated, and where gaps are found, we may work withsuppliers and contractors to help them implement corrective action. We may also carry out on-site audits or consider terminating contracts ifserious or persistent shortcomings are found. The most common shortcomings found during our supplier assessments typically relate to policy rather than performance gaps in the following areas: freely chosen employment; child labour avoidance; working hours, wages and benefits; dormitory, housing and working conditions; humane treatment, equal opportunities and freedom of association; and supply chain and performance management. In conjunction with the Shell Supplier Principles, Shell companies use a joint industry supplier capability assessment delivered in collaboration with other operators. The sharing mechanism across the participating parties aims to support the improvement of working conditions in our companies\u2019 respective supplychains. Find more information about our approach to human rightson ourwebpage.", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + }, + "1408": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1408, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 93, + "start_index_page": 1401, + "last_index_page": 1408 + } + }, + "94": { + "1409": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1409, + "paragraph": "CLIMATE CHANGE AND ENERGY TRANSITION", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1410": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1410, + "paragraph": "Shell has long recognised that greenhouse gas (GHG) emissions from the use of fossil fuels are contributing to the warming of the climate system. In December 2015, 195 nations adopted the Paris Agreement.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1411": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1411, + "paragraph": "We welcomed the efforts made by governments to reach this global climate agreement, which came into force in November 2016. We fully support the Paris Agreement\u2019s goal to keep the rise in global average temperature this century to well below two degrees Celsius (2C) above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5C. In pursuit of this goal, we also support the vision of atransition towards a net-zero emissions energy system. Shell agrees with the Intergovernmental Panel on Climate Change (IPCC) 1.5C special report, which states that in order to limit warming to 1.5C above pre-industrial levels, the world economy would need to transform in a number of complex and connected ways. Meeting this challenge would require an even more rapid escalation in the scale and pace of change inthe coming decades than was foreseen in the Paris Agreement.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1412": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1412, + "paragraph": "Society faces a dual challenge: how to transition to a low-carbon energy future to manage the risks of climate change, while also extending the economic and social benefits of energy to everyone on the planet. This is an ambition that requires, among other things, changes in the way energy is produced, stored, used and made accessible to more people while drastically cutting emissions.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1413": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1413, + "paragraph": "We believe that the need to reduce GHG emissions, will continue to be animportant driver in transforming the energy system in this century. Thistransformation will generate both challenges and opportunities forour existing and future portfolio.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1414": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1414, + "paragraph": "We welcome and support efforts, such as those led by the Task Force on Climate-related Financial Disclosures (TCFD), to increase transparency and to promote investors\u2019 understanding of companies\u2019 strategies to respond to the risks and opportunities presented by climate change. We believe that companies should be clear about how they plan to be resilient in the energy transition. In 2017, we joined the Oil and Gas Preparer Forum, initiated by the TCFD and convened by the World Business Council for Sustainable Development. The forum\u2019s objectives are to review the current state of climate-related financial disclosures, to identify examples of effective disclosure practices and make proposals on how disclosures may evolve over time. These examples were summarised and published ina report, including reflections from investors, in 2018. The Shell Energy Transition Report (SET report), also published in 2018, described the energy transition and considered Shell\u2019s resilience against future scenarios. The 2018 SET report followed our discussions with the TCFD about increasing transparency to help investors understand climate- related risks and opportunities. Our approach to the energy transition asdescribed in the 2018 SET report, in combination with the Shell Sustainability Report (expected to be published in April 2020) and theIndustry Associations Climate Review, aims to provide additional information to this Report in responding to TCFD recommendations, including discussing the energy transition and Shell\u2019s portfolio resilience. In 2019, Shell publicly supported the EU Commission\u2019s proposal for the EUto achieve net-zero emissions by 2050, the UK government\u2019s target of net-zero emissions by 2050, and the Climate Accord in the Netherlands.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1415": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1415, + "paragraph": "OUR GOVERNANCE AND MANAGEMENT OF CLIMATE CHANGE RISKS AND OPPORTUNITIES Climate change and risks resulting from GHG emissions have been identified as a significant risk factor for Shell and are managed in accordance with other significant risks through the Board and ExecutiveCommittee.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1416": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1416, + "paragraph": " \u201cOther regulatory and statutory information\u201d on page 169.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1417": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1417, + "paragraph": "Shell has a climate change risk management structure in place which issupported by standards, policies and controls.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1418": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1418, + "paragraph": "This includes the work of the Board, which discussed a number of matters over the year, including environmental topics and investments in new business areas, for example, in New Energies. In addition, some of the Non-executive Directors received dedicated updates from management and external experts on the various business models, opportunities andrisks of having positions along the power value chain, and the opportunities for Shell in the New Energies area. During the annual dedicated strategy meeting, the Board reviewed Shell\u2019s Integrated Powerstrategy from first principles, set against the context of the energy transition and the external environment, and to see how power can createvalue for Shell.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1419": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1419, + "paragraph": "The Board committees play an important role in assisting the Board with regard to governance and management of climate change risks and opportunities, as described in \u201cGovernance\u201d on page 119.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1420": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1420, + "paragraph": "The role of the Safety, Environment and Sustainability Committee (SESCo) (formerly the Corporate and Social Responsibility Committee (CSRC)) is to review and advise the Board on Shell\u2019s strategy, policies and performance in the areas of safety, environment, ethics and reputation against the Shell General Business Principles, the Shell Code of Conduct, and the HSSE & SP Control Framework. During 2019, the Committee reviewed its purpose and updated its terms of reference to ensure it focuses on areas of most strategic importance to Shell. This resulted in a name change effective from December 2019. The SESCo\u2019s duties comprise, for example, to review progress towards meeting Shell\u2019s ambitions regarding climate change, the energy transition and its Net Carbon Footprint. The Committee also has a duty to advise the Remuneration Committee on metrics relating to sustainable development and energy transition. In 2019, the SESCo balanced its time between a number of topics, with discussion in depth including the energy transition and climate change, Shell\u2019s Net Carbon Footprint ambition, and the Company\u2019s environmental and societal licence to operate. The SESCo conducted one major site visit in Singapore, where the agenda included reviewing Shell\u2019s developing New Energies businesses in the country. In 2020, the Committee\u2019s focus will be on safety, Shell\u2019s policies and commitments related to climate change, environmental performance \u2013 for example, in Nigeria and our Canada LNG project \u2013 and on specific issues such as plastics, methane, and nature-based solutions. We will continue to advise the Remuneration Committee onmetrics concerning sustainability and energy transition.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1421": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1421, + "paragraph": " Find more information on the SESCo on page 128.", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + }, + "1422": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1422, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 94, + "start_index_page": 1409, + "last_index_page": 1422 + } + }, + "95": { + "1423": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1423, + "paragraph": "CLIMATE CHANGE AND ENERGY TRANSITION continued", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1424": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1424, + "paragraph": "The Remuneration Committee (REMCO) is responsible for determining theDirectors\u2019 Remuneration Policy in alignment with our business strategy. In 2019, following recommendations by SESCo, REMCO continued to include GHG intensity metrics in annual bonus performance measures and targets. In December 2018, Shell announced plans to link executive remuneration to short-term targets to reduce the Net Carbon Footprint ofthe energy products we sell, including our customers\u2019 emissions from their use of our energy products. In 2019, following discussions with major shareholders and based on recommendations from SESCo, REMCO decided to add an energy transition condition to the 2019 Long-Term Incentive Plan (LTIP) award. This condition included our first three-year target aligned with the trajectory of our long-term Net Carbon Footprint ambition. It also featured other measures linked to our strategic ambitions, including the growth of Shell\u2019s power business, the commercialisation of advanced biofuel technology, and the development of sinks to capture and store carbon. See \u201cDirectors\u2019 Remuneration Report\u201d on pages 155-163. The Shell employee scorecard structure for determining employees\u2019 annual bonus in 2019 was consistent with the Executive Directors\u2019 scorecard. The energy transition condition in the 2019 LTIP awards applies to around 150 Senior Executives as well as the Executive Directors. The energy transition condition was included again in the 2020 LTIP awards for Executive Directors and Senior Executives, and will be extended to approximately 16,500 employees across the Group who receive Performance Share Planawards. For the 2020 award, the target range is a 3-4% reduction inNCF against the 2016 baseline NCF (79 grams of CO2 equivalent permegajoule). This target range is aligned with the trajectory of our NCFambition as set out in November 2017. The targets for the other leading energy transition measures are commercially sensitive, and willbedisclosed retrospectively. Annual updates on our progress in relation tomeasures will be provided.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1425": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1425, + "paragraph": "The Audit Committee has key responsibilities in assisting the Board in fulfilling its oversight responsibilities in relation to areas such as the effectiveness of the system of risk management and internal control. Anyconcerns regarding improvement needed are promptly reported tothe Board.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1426": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1426, + "paragraph": "The CEO is the most senior individual with accountability for climate change risk. We have set up several dedicated climate change and GHG-related forums at different levels of the organisation where climate change issues are addressed, monitored and reviewed. Each Shell entity and each Shell-operated venture are responsible for implementing climate change policies and strategies.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1427": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1427, + "paragraph": "The Executive Vice President Safety & Environment, a senior manager who reports directly to the Projects & Technology Director, is accountable for the oversight of GHG issues. This manager\u2019s department includes the dedicated Group Carbon team, which is accountable for monitoring andexamining the strategic implications of climate change for Shell, andthe impact of developments in governmental policy and regulation. The Group Carbon team is responsible for preparing proposed policy positions based on analysis within Shell and external input. The team also provides advice to Shell companies to ensure consistency in the application ofour core principles and policy tasks in interactions with policymakers.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1428": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1428, + "paragraph": "Group Carbon also has oversight of Shell\u2019s GHG management programme and supports the different lines of business in embedding GHG management strategies. The team includes project managers who advise the projects on the risks and opportunities of GHG-related issues. Risk management at an asset or project level is a structured process of identifying and assessing risks; planning and implementing responses; and monitoring, improving and closing out action items that have an impact on projects\u2019 and assets\u2019 objectives and performance. Shell policy requires these projects to obtain approval on abatement plans and targets fromthe Executive Vice President Safety & Environment at defined projectphases.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1429": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1429, + "paragraph": "Reporting to the same manager is the HSSE & SP Assurance and Reporting team, which is accountable for the delivery of Shell\u2019s non- financial reporting and for auditing the businesses\u2019 performance against our HSSE & SP Control Framework requirements, which include climate change risk management.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1430": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1430, + "paragraph": " See \u201cEnvironment and society\u201d on pages 84-90.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1431": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1431, + "paragraph": "Further support for embedding GHG management is provided by a global risk support team for GHG and energy management. This team isa network of subject-matter experts in GHG topics working globally across our lines of business. Team members are experts in their relevant disciplines, defining improvement areas and sharing good practices andexperience.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1432": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1432, + "paragraph": "The above-mentioned teams and experts have provided their input toshape a set of mandatory manuals and complementary guidance documents which are ultimately based on our HSSE & SP Control Framework. These documents provide guidance on how to monitor, communicate and report changes in the risk environment, and how to review the effectiveness of actions taken to manage the identified risks, including ways to: \u25a0 ensure consistent assessment of climate risk across Shell; \u25a0 clarify expectations for risk management and reporting, including ", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1433": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1433, + "paragraph": "rolesand responsibilities; strengthen decision-making through better visibility and understanding of the climate risk by line of business; and", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1434": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1434, + "paragraph": " \u25a0 enable integration of Shell\u2019s reporting.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1435": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1435, + "paragraph": " For more detail on our definition of risk categories and their relationship todifferent time horizons, see page 96.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1436": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1436, + "paragraph": "Climate change management organogram", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1437": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1437, + "paragraph": "Board of Royal Dutch Shell plc [A]", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1438": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1438, + "paragraph": "Safety, Environment and Sustainability ", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1439": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1439, + "paragraph": "Vice President, Group Carbon", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1440": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1440, + "paragraph": "Businesses and Functions [E]", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1441": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1441, + "paragraph": "Most senior individuals with accountability for climate change risk management", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1442": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1442, + "paragraph": "EVP Steering Team Group strategic steer", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1443": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1443, + "paragraph": "[A] Oversight of climate change risk management. [B] Non-executive Directors appointed by the Board to review and advise on sustainability ", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1444": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1444, + "paragraph": "policies and practices including climate change.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1445": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1445, + "paragraph": "[C] Non-executive Directors appointed by the Board to oversee the effectiveness of the ", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1446": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1446, + "paragraph": "systemofrisk management and internal control.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1447": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1447, + "paragraph": "[D] Non-executive Directors appointed by the Board to set the remuneration policy in ", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1448": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1448, + "paragraph": "[E] Responsible for implementing Shell\u2019s GHG strategy. They are represented in the Safety ", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1449": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1449, + "paragraph": "alignmentwith strategy.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1450": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1450, + "paragraph": "andEnvironment Leadership Team.", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + }, + "1451": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1451, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 95, + "start_index_page": 1423, + "last_index_page": 1451 + } + }, + "96": { + "1452": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1452, + "paragraph": "This structured approach supports the prioritisation of risks and opportunities. We actively monitor the GHG emissions of all our assets, aswell as the lifecycle of our products, to quantify future regulatory costsrelated to GHG or other climate-related policies. This allows us toeffectively prioritise areas of greater concern and assess mitigation options and the most viable responses. Climate-related risks are analysedin context of other identified material risks.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1453": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1453, + "paragraph": " See \u201cRisk factors\u201d onpages 27-36.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1454": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1454, + "paragraph": "We review our portfolio annually to identify emerging risks from changing GHG regulatory regimes and physical conditions. As described in our Shell Energy Transition Report (2018), we tested the resilience of our portfolio against externally published future pathways, including a low-emissions pathway. In 2017, we announced a long-term ambition to reduce the Net Carbon Footprint of the energy products we sell, in step with society\u2019s drive to reduce GHG emissions as it moves towards the goal of the Paris Agreement. We aim to reduce the Net Carbon Footprint of the energy products we sell \u2013 expressed in grams of CO2 equivalent per megajoule consumed \u2013 by around half by 2050, and as an interim step, by 2035, we aim for a reduction of around 20% compared with our2016 level, both predicated on societal progress. This was followed byan announcement, in 2018, of our intention to set short-term targets inlinewith that ambition.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1455": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1455, + "paragraph": "Meeting the Net Carbon Footprint ambition requires evolving our portfolio over the medium to longer term, to reduce the carbon intensity ofthe products that we sell. We plan for this by developing ideas about how we would like to shape our future portfolio to meet our ambition. These ideas then guide investment decisions. Within the selected portfoliomixes, we develop individual projects and aim to make themasresilient as possible to the future scenarios.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1456": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1456, + "paragraph": "To assess the resilience of new projects, we consider the potential costs associated with operational GHG emissions. In 2018, to help us stay in step with society\u2019s progress toward the goals of the Paris Agreement, we switched from using a flat project screening value (PSV) of $40/tonne of GHG emissions, to country-specific estimates of future carbon costs. By 2050, our carbon cost estimates for all countries increase to $85/tonne ofGHG emissions. These estimates were developed using the current Nationally Determined Contributions (NDCs) submitted by countries aspart of the Paris Agreement. They are the first NDCs under the Paris Agreement and are scheduled to be revised every five years. Therefore, ascountries update their NDCs, we expect to update our estimates too. Accordingly, we believe they are a more accurate reflection of society\u2019s current implementation of the Paris Agreement. The UN believes the current NDCs are consistent with limiting the average global temperature rise to around three degrees Celsius above pre-industrial levels. In coming decades, we expect countries to tighten these NDCs to meet the goals of the Paris Agreement. We further test the robustness of our high-emitting projects by using long-term carbon cost estimates that are consistent withlimiting the average global temperature rise to well below two degrees Celsius.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1457": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1457, + "paragraph": "Projects under development that are expected to have a material GHGfootprint must meet carbon performance standards or industry benchmarks to allow them to compete and prosper in a more GHG- constrained future. These assessments can lead to projects being stopped, designs being changed, and potential GHG mitigation investments beingidentified, in preparation for when regulation would make these investments commercially compelling. Our approach continues to evolvewith the shifting policy landscape and the differing pace ofenergytransitions in different regions.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1458": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1458, + "paragraph": "While monitoring emerging climate change plans, we considered the robustness of our activities against a range of scenarios, as referenced in our 2018 SET report. We believe our business strategy is resilient to the implementation of the Paris Agreement, which is now progressing through countries developing their individual NDCs. The emissions from customers using Shell energy products are largely covered by these NDCs. The Paris Agreement acknowledges that emissions will continue and even grow in some parts of the world. It does not stipulate that emissions must fall in all sectors or countries simultaneously, or that all actors within the system will reduce their emissions at the same time or to the same degree. What is important is that overall emissions fall.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1459": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1459, + "paragraph": "OUR PORTFOLIO AND CLIMATE CHANGE We are seeking cost-effective ways to manage GHG emissions in line withour NCF ambition, and we intend to enable customers to make lower- carbon-intensity choices by bringing lower-carbon-intensity products to the market aligned with demand. We seek to contribute toreducing global GHG emissions in a number of ways: \u25a0 \u25a0 developing carbon capture and storage (CCS);", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1460": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1460, + "paragraph": "supplying more natural gas to replace coal for power generation; ", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1461": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1461, + "paragraph": "implementing energy-efficiency measures in our operations where reasonably practicable; ", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1462": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1462, + "paragraph": " \u25a0 developing new fuels for transport such as advanced biofuels ", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1463": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1463, + "paragraph": " \u25a0 maintaining a focus on using natural gas and renewable electricity ", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1464": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1464, + "paragraph": " \u25a0 working with nature-based solutions.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1465": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1465, + "paragraph": "To support this, we continue to advocate the introduction of effective government-led carbon pricing mechanisms.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1466": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1466, + "paragraph": "We are committed to reducing our GHG intensity, but with energy demand increasing and the number of easily accessible oil and gas reservoirs declining, we may develop resources that require more energy and advanced technologies to produce. If our production becomes more energy intensive, this could result in an associated increase in direct GHG emissions from our upstream facilities. We continue to invest in long-range research and carbon-abatement technologies to provide technical solutions to address these challenges.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1467": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1467, + "paragraph": "Some governments have introduced carbon pricing mechanisms, whichwe believe can be an effective measure to reduce GHG emissions across the economy at lowest overall cost to society. We expect more governments to follow. However, we believe measures taken by governments to control national energy transitions may also have unintended consequences. For example, the prohibition of one technology may encourage other substitute technologies that result in an increase in overall GHG emissions. See \u201cRisk factors\u201d on page 30.", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1468": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1468, + "paragraph": "NATURAL GAS According to the IEA, more than 40% of global CO2 emissions in 2015 came from electricity and heat generation. For many countries, using gas instead of coal in power generation can make a large contribution, at lower cost, to meeting GHG emission reduction objectives. We expect that, in combination with renewables and the use of CCS, natural gas will be essential in significantly lowering GHG emissions. Natural gas made up more than half of Shell\u2019s proved reserves at the end of 2019. As a leader in liquefied natural gas (LNG), and with our conventional gas assets and technologies for recovering gas from tight-rock formations, we can supply natural gas to replace coal for power generation. Natural gas can also act as a partner for intermittent renewable energy, such as solar and wind, to maintain a steady supply of electricity, because gas-fired plants can start and stop relatively quickly. ", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + }, + "1469": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1469, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 96, + "start_index_page": 1452, + "last_index_page": 1469 + } + }, + "97": { + "1470": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1470, + "paragraph": "CLIMATE CHANGE AND ENERGY TRANSITION continued", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1471": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1471, + "paragraph": "Methane is a potent greenhouse gas. When released into the atmosphere, it has a much higher global warming impact than CO2. Natural gas consists mainly of methane. Efforts to address climate change therefore require the industry to reduce both deliberate and unintended methane emissions from the gas value chain, from production to the finalconsumer.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1472": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1472, + "paragraph": "The IEA estimates that natural gas operations have an average methane leakage rate of 1.7%. At this rate, natural gas emits between 45% and 55% less GHG emissions than coal when burnt at a power plant. Higher levels of methane emissions, however, would reduce this benefit, and we recognise the importance of assessing, and where possible, reducing methane emissions. Methane from the flaring and venting of gas (including equipment venting) in our upstream oil and gas operations was the largest contributor to our reported methane emissions in 2019. We are working to reduce methane emissions from these sources by reducing the overall level of flaring and venting. We also continue to implement leak detection and repair programmes across our sites to identify unintended losses and high-emission equipment, such as high-bleed pneumatic devices, so they can be replaced or repaired. We continue to work on confirming that we have identified all potential methane sources and that we have reported our emissions from these sources in line with regulations and industry standards. In 2017, we joined the Climate and Clean Air Coalition Oil & Gas Methane Partnership. It brings together industry, governments and non-governmental organisations to improve quantification of methane emissions globally and work towards reducing them. Also in 2017, Shell led the development of a set of non-binding Methane Guiding Principles for reducing methane emissions across the natural gas value chain. The principles focus on: continually reducing methane emissions; advancing strong performance across gas value chains; improving accuracy of methane emissions data; advocating sound policies and regulations on methane emissions; and increasing transparency. Shell has been involved in the development of all actions associated with the guiding principles, including the development of a major global outreach programme. Theobjective is to address a gap in knowledge on managing methane emissions, and thereby provide high-quality educational material and courses on methane science, methane reduction strategies and planning, measurement techniques, technology, policy, and where to get guidance and support. The publicly accessible programme consists of two courses: an executive course targeting senior managers and executives, and masterclasses for managers of frontline staff.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1473": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1473, + "paragraph": "Shell is also a member of the Oil and Gas Climate Initiative (OGCI), a CEO-led effort to lead the industry\u2019s response to climate change. One of OGCI\u2019s focus areas is methane management. In 2018, OGCI announced a target to reduce the collective average methane intensity of its members\u2019 aggregated upstream gas and oil operations by one fifth, to below 0.25% by 2025, with an ambition to achieve 0.2%, corresponding to a reduction of one third.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1474": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1474, + "paragraph": "In 2018, Shell announced a target to maintain its methane emissions intensity below 0.2% by 2025. This target covers all Shell-operated Upstream and Integrated Gas oil and gas facilities. The baseline and target intensities are expressed as percentage figures, representing estimated methane emissions from Shell-operated gas and oil facilities asa percentage of the total amount of gas marketed, or the quantity of marketed oil and condensate where facilities have no marketed gas (e.g. those that re-inject produced gas). Methane emissions include those from unintentional leaks, venting and incomplete combustion, for example in flares and turbines. In 2019, our overall methane intensity was 0.08% for ", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1475": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1475, + "paragraph": "facilities with marketed gas and 0.01% for facilities without marketed gas. Intensities at facility level ranged from below 0.01% to 1.3%. We believe our methane emissions are calculated using the best methods currently available: a combination of industry standard emission factors (established emission rates per throughput or per piece of equipment), engineering calculations and some actual measurements. There are uncertainties associated with methane emissions quantification. To reduce these uncertainties, our Upstream and Integrated Gas businesses are rolling out methane improvement programmes to further enhance data quality and reporting, continue implementation of leak detection and repair programmes, and make use of methane abatement opportunities. By 2025, all Shell-operated facilities are expected to have implemented more robust quantification methodologies. Externally, we continue to workon new technologies and improved quantification methods through partnerships and several other initiatives.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1476": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1476, + "paragraph": "Detailed information on our approach to managing methane emissions and performance is expected to be published in the Shell Sustainability Report in April 2020.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1477": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1477, + "paragraph": "CARBON CAPTURE, UTILISATION AND STORAGE CCS or CCUS is a technology used for capturing CO2 before it is emitted into the atmosphere, then transporting it by pipelines or ships and injecting it into a deep geological formation for permanent storage. In the IPCC Global Warming of 1.5C special report, the middle-of-the-road scenario (P3) shows cumulative abatement provided by CCS of 687 billion tonnes of CO2 by 2100. This compares with over 260 million tonnes of man-made CO2 that has been injected to date (Global Status of CCS 2019 report). By May 2019, our Quest CCS project in Canada (Shell interest 10%), hadcaptured and safely stored more than 4 million tonnes of CO2 since itbegan operating in 2015. The Gorgon CCS project in Australia (Shellinterest 25%, not operated), which started operating in 2019, is expected to store between 3.4 and 4 million tonnes of CO2 each year. InNorway, we are involved in the Northern Lights CCS project for capturing and storing industrial CO2, and in TCM, a CO2 capture testcentre in Mongstad.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1478": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1478, + "paragraph": "As a member of the Oil and Gas Climate Initiative (OGCI), Shell is participating in its Kickstarter initiative to unlock large-scale investment inCCUS. The initiative is designed to help decarbonise multiple industrial hubs around the world, starting with those in the USA, UK, Norway, the Netherlands and China. The aim is to create the necessary conditions fora commercially viable, safe and environmentally responsible CCUS industry. Shell is one of six strategic partners working with OGCI Climate Investments to possibly develop the UK\u2019s first commercial clean gas power full-chain CCS project, to be located in Teesside as part of the UK hub.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1479": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1479, + "paragraph": "ENERGY EFFICIENCY We continue to work on improving energy efficiency at our oil and gas production facilities, refineries and chemical plants. Measures include ourGHG and energy management programme that focuses on the efficient operation of existing equipment. This means, for example, using monitoring systems which give us real-time information that we can use to make energy-saving changes and identify opportunities for energy-saving investments in the medium term. Shell\u2019s scorecard incorporates GHG metrics that create additional incentives for all our employees to reduce GHG emissions in our portfolio. ", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1480": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1480, + "paragraph": " See \u201cDirectors\u2019 Remuneration Report\u201d onpage 155-163.", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + }, + "1481": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1481, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 97, + "start_index_page": 1470, + "last_index_page": 1481 + } + }, + "98": { + "1482": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1482, + "paragraph": "Our Razen joint venture (Shell interest 50%, not operated) in Brazil has produced low-carbon biofuel from sugar cane since 2011. Through our Razen joint venture, we produce one of the lowest CO2 biofuels available today. Razen produces approximately 2 billion litres of ethanol from sugar cane annually. Brazilian sugar-cane ethanol can reduce CO2 emissions by around 70% when compared with conventional gasoline, from cultivation of the sugar cane to using the ethanol as fuel. ", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1483": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1483, + "paragraph": "In 2015, Razen opened its first advanced biofuels plant at the Costa Pinto mill in Brazil. The technology was first developed from our funding of the Iogen Energy venture, which was subsequently transferred to Razen. In2019, the plant produced 19.5 million litres of cellulosic ethanol from sugar-cane residues. It is expected to produce 40 million litres a year oncefully operational. ", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1484": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1484, + "paragraph": "Outside Brazil, we continue to invest in new ways of producing biofuelsfrom sustainable feedstocks, such as biofuels made from waste products or cellulosic biomass. In 2017, we completed construction of a demonstration plant at the Shell Technology Centre Bangalore, India. The plant demonstrates a technology called IH2 that turns waste feedstock into transport fuel. The plant can process around five tonnes per day of feedstock, such as agricultural waste, and aims to demonstrate the technology for possible scaling up and commercialisation.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1485": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1485, + "paragraph": "We continue to look for opportunities to invest in third-party technologies and to collaborate in scaling these up for commercialisation. In February 2019, Shell became an equal equity partner in a commercial-scale waste-to-chemicals project called W2C Rotterdam \u2013 in partnership with Air Liquide, Enerkem, Nouryon and the Port of Rotterdam. The partners plan to build Europe\u2019s first commercial-scale facility for producing chemicals and biofuels from waste materials which cannot otherwise berecycled. The facility in the Botlek area of the Port of Rotterdam in theNetherlands will use Enerkem\u2019s proprietary technology.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1486": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1486, + "paragraph": "Also in 2019, Shell signed an equity investment agreement with PRESPL, anIndian company specialising in biomass aggregation and processing for energy production. ", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1487": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1487, + "paragraph": "In line with our strategy of developing more sustainable feedstocks for transport, we are also investing in renewable natural gas (RNG) for use innatural-gas-fuelled vehicles, in the USA and Europe. RNG is produced from biogas collected from landfill sites, or via anaerobic digestion of food waste or manure and then processed until it is fully interchangeable with conventional natural gas. The use of RNG in natural-gas vehicles, either in the form of compressed natural gas (CNG) or LNG, offers customers using these vehicles an attractive way of lowering their CO2 footprint. ", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1488": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1488, + "paragraph": "In the USA, in May 2018, we acquired the JC Biomethane plant in JunctionCity, Oregon. We aim to start production after completing an expansion of the facility in 2020. This will increase the facility\u2019s capacity toproduce RNG.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1489": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1489, + "paragraph": "NEW ENERGIES Our New Energies business explores emerging opportunities linked to the energy transition, and invests in those where we believe sufficient value is available. New Energies expects to invest on average $1-2 billion a year until 2020 in different services and products from a range of cleaner sources. We focus on new fuels for transport, such as advanced biofuels, hydrogen and charging for battery-electric vehicles; and power, including from low-carbon sources such as wind and solar as well as natural gas. Between 2021 and 2025, our investments in power could grow to $2-3billion a year on average, if certain financial conditions are met. Alongside our work in new fuels and power, we are exploring how digitaltechnologies can best support our activities and customers.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1490": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1490, + "paragraph": " See \u201cIntegrated Gas\u201d on page 49.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1491": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1491, + "paragraph": "New fuels We invest in a range of low-carbon technologies and fuels, including biofuels, hydrogen and battery-electric vehicle charging. We believe that hydrogen has the potential to be an important low-carbon transport fuel. We are involved in several initiatives to encourage the adoption of hydrogen-electric energy.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1492": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1492, + "paragraph": " See \u201cIntegrated Gas\u201d on page 50.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1493": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1493, + "paragraph": "Biofuels We believe that biofuels can play a valuable role in reducing CO2 emissions from the transport sector over the decades ahead. ", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1494": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1494, + "paragraph": "In 2019, we used around 10.1 billion litres of biofuel in our gasoline and diesel blends worldwide to comply with applicable mandates and targets in the markets where we operate. Through our own long-established sustainability clauses in supply contracts, we request that the biofuels webuy are produced in a way that is environmentally and socially responsible throughout the production chain. Currently, most available biofuels are produced from cereals, vegetable oils and sugar cane. From cultivation to use, some biofuels can emit significantly less CO2 compared with conventional gasoline. But this depends on several factors, such as how the feedstock is cultivated and the way biofuels are produced. Otherchallenges include concerns over labour rights, the amount of waterused in the production process, and the competing demands forland use between biofuels and food crops.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1495": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1495, + "paragraph": "Over three-quarters of the biofuels we buy are from North American or European feedstock producers. In both regions, regulations for agricultural practices are in place, including considerations for sustainability.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1496": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1496, + "paragraph": "We continue to support the adoption of international sustainability standards, including the Round Table on Responsible Soy (RTRS), theRoundtable for Sustainable Palm Oil (RSPO) and Bonsucro, an organisation for the certification of sugar cane. We also support theRoundtable for Sustainable Biomaterials and the International Sustainability and Carbon Certification (ISCC) scheme for feedstocks. Weaim to increase the percentage of certified volumes against these robust multi-stakeholder standards. ", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1497": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1497, + "paragraph": "Currently, more than 99% of our purchased volumes of biofuels are eithercovered by our supplier-agreed contract sustainability clauses orcertified as sustainable by an independent auditor. We aim to increasethepercentage of certified volumes against robust multi- stakeholder standards.", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + }, + "1498": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1498, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 98, + "start_index_page": 1482, + "last_index_page": 1498 + } + }, + "99": { + "1499": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1499, + "paragraph": "CLIMATE CHANGE AND ENERGY TRANSITION continued", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1500": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1500, + "paragraph": "Power Power is the fastest-growing segment of the energy system. We expect that people and companies around the world will use more electricity to power transport and industry, instead of coal and oil, as part of the drive to lower carbon emissions. To help meet this demand, Shell aims to become an integrated power player and grow, over time, a material newbusiness. We are working to deliver more electricity generated byrenewable energy, from developing wind and solar projects to sellingelectricity generated by renewable sources.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1501": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1501, + "paragraph": "Shell has a rigorous approach to understanding, managing and mitigating climate risks to its facilities. Shell also requires each business and function to monitor, communicate and report changes in the risk environment and the effectiveness of actions taken to manage identified risks on an ongoing basis. This is outlined in a toolkit for risk management including our Risk Management Manual and complementary guidance documents covering specific aspects such as climate risk. The potential, timing, and severity of the impact of the risks highlighted above are largely dependent on the geographical location and the asset type. ", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1502": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1502, + "paragraph": "Each Shell business unit needs to consider the adequate management ofclimate-related risks in their portfolios. To ensure informed judgements are made, businesses\u2019 senior managers present their current assessments ofhow likely climate risks are to happen, what their potential impact would be, and what is being done to mitigate the risk. Each risk is then categorised as either adequately managed or needing improved mitigation and this aims to guide their ongoing operations and maintenance schedules and response planning. In some instances, Shellmay also deploy a risk assessment approach which includes thework of a team of experts to analyse, for example, the physical impactofweather andclimatic-related issues and the associated adaptation aspects.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1503": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1503, + "paragraph": "We aim to reduce the GHG intensity of our portfolio and we continue towork on improving the energy efficiency of our existing operations. Asdiscussed above, and as a better way to inform and drive our investment choices and adapt our business over time, in 2017, we announced our Net Carbon Footprint ambition. Our approach to calculating the Net Carbon Footprint covers emissions directly from Shell operations (including from the extraction, transportation and processing of raw materials, and transportation of products), those generated by third parties who supply energy to us for production, and our customers\u2019 emissions from their use of our energy products. Also included are emissions from elements of this life cycle not owned by Shell, such as oil and gas processed by Shell but not produced by Shell, or from oil products and electricity marketed by Shell that have not been processed or generated at a Shell facility. The calculation also includes biofuels, as well as emissions that we offset by using CCS or natural carbon sinks, such as forests and wetlands. Chemicals and lubricants products, which are not used to produce energy, are excluded from thescope of this ambition.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1504": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1504, + "paragraph": "When selecting our Net Carbon Footprint ambition, we have deliberately chosen a wide and meaningful frame against which to manage our performance. The emissions from our operations are important but those of our customers from their use of the energy products are much larger in proportion. More information on our Net Carbon Footprint ambition is available on our webpage.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1505": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1505, + "paragraph": " See \u201cIntegrated Gas\u201don page 49.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1506": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1506, + "paragraph": "NATURE-BASED SOLUTIONS We believe that nature will play an important role in the transition to a lower-carbon world. Using nature to capture carbon from the atmosphere presents an immediate opportunity. It can help to bridge the gap until other low-carbon solutions are deployed at scale, or to compensate for emissions which cannot be avoided. Nature-based solutions are expected to be one of Shell\u2019s tools to reduce our Net Carbon Footprint. Nature- based projects typically involve the protection or redevelopment of natural ecosystems such as forests and wetlands, allowing those ecosystems to capture and store more carbon on our behalf. These projects, which also support local communities and conserve biodiversity, generate carbon-emission rights that can then be bought by energy consumers around the world. In 2019, we launched a programme to invest in natural ecosystems as part of our strategy to act on global climate change. For example, in the UK, we are working with Forestry and Land Scotland, a government agency, to generate carbon credits by helping toplant or regenerate around 1 million trees over the next five years. Seethe Shell Sustainability Report to be published in April 2020 for moreinformation.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1507": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1507, + "paragraph": "OUR STRATEGY ON CLIMATE CHANGE Our strategy to assess and manage risks and opportunities resulting fromclimate change includes consideration of different time horizons andspecific risks: \u25a0 commercial risk: the potential for structural shifts in demand profiles ", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1508": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1508, + "paragraph": "forindustry products; regulatory risk: the potential for strengthening of existing and introduction of new regulations; ", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1509": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1509, + "paragraph": " \u25a0 physical risk: the potential impact on our facilities and the communities ", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1510": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1510, + "paragraph": "in which we operate due to changing physical conditions; and societal risk: the potential for a deteriorating relationship with the public, other companies, and governments in countries where Shelloperates.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1511": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1511, + "paragraph": "This is how we describe the different time horizons and the relevance forthe identification of risks and business planning: \u25a0 Short term (up to three years): detailed financial projections are developed and used to manage performance and expectations onathree-year cycle. This three-year plan is shared with the Board;", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1512": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1512, + "paragraph": " \u25a0 Medium term (three years up to around 10 years): the majority of production and earnings expected to be generated in this period comefrom our existing assets; and Long term (beyond around 10 years): for this period, it is expected for the current Shell portfolio to go through changes and evolution with theenergy transition. Decision-making and risk identification on the thematic structure of the future portfolio are guided by the pace of progress of society and in step with society as it moves towards thegoals of the Paris Agreement.", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + }, + "1513": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1513, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 99, + "start_index_page": 1499, + "last_index_page": 1513 + } + }, + "100": { + "1514": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1514, + "paragraph": "The diagram below illustrates the scope of the Net Carbon Footprint calculation:", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1515": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1515, + "paragraph": "Scope of our Net Carbon Footprint Emissions from energy products included within the Net Carbon Footprint framework.", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1516": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1516, + "paragraph": "Own oil and gas production", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1517": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1517, + "paragraph": "Renewable raw materials", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1518": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1518, + "paragraph": "Processing Liquefaction Gas-to-liquids", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1519": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1519, + "paragraph": "Scope includes CO2 sinks such as CCS, nature-based solutions", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1520": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1520, + "paragraph": "Emissions from bringing own products to market", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1521": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1521, + "paragraph": "Emissions from bringing third-party products to market", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1522": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1522, + "paragraph": "Emissions from use of sold products", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1523": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1523, + "paragraph": "To meet the decarbonisation goals of the Paris Agreement, society needs an increasing supply of energy products that produce lower or zero GHG emissions over their full life cycle, to use those products more efficiently and to store emissions that cannot be avoided in sinks. Within this framework, our strategy is to keep increasing the share of such low-carbon energy products in our portfolio, while also developing carbon sinks. Bybroadening our focus to the full life-cycle emissions from the energy products that we sell to our customers, instead of solely on our operational emissions, we believe we will be better aligned with societal need and growing customer demand for more energy with lower life-cycle GHG emissions. Therefore, our strategy is to reduce our Net Carbon Footprint, mainly by increasing the proportion of lower-carbon products such asnatural gas, biofuels, electricity and hydrogen in the mix of productswesell. ", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1524": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1524, + "paragraph": "We will publish annual updates on our progress towards lowering the NetCarbon Footprint of our energy products. See the Shell Sustainability Report to be published in April 2020 for more information.", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1525": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1525, + "paragraph": "Our long-term ambition is to reduce the Net Carbon Footprint of our energy products to be in line with that of society as a whole by 2050. Thisis a stretching aspiration that aims to ensure that Shell continues to develop a resilient and relevant portfolio over the coming decades. While this is a long-term aspiration that will need periodic recalibration in line with the pace of change in broader society and the wider energy system, it is intended to help ensure that we remain relevant and are competitively positioned in the energy transition. This means supplying energy products and services that our customers need, now and in the future, and developing a resilient portfolio in line with our purpose of providing moreand cleaner energy to society.", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1526": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1526, + "paragraph": "In the period to 2035, we believe that all forms of GHG reduction measures must be accelerated and increased in scale by society. Major improvements in energy efficiency and new sources of energy, such as renewables, combined with the use of cleaner fossil fuels, such as replacing coal with natural gas, are needed to meet the growing global population\u2019s energy needs while reducing GHG emissions. In addition, ", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + }, + "1527": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1527, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 100, + "start_index_page": 1514, + "last_index_page": 1527 + } + }, + "101": { + "1528": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1528, + "paragraph": "CLIMATE CHANGE AND ENERGY TRANSITION continued", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1529": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1529, + "paragraph": "Around 35% of flaring in our Upstream and Integrated Gas facilities in 2019 took place in assets operated by The Shell Petroleum Development Company of Nigeria Limited (SPDC). Flaring from SPDC-operated facilities fell by around 20% between 2015 and 2019. Flaring intensity levels in SPDC in 2019 increased by around 10% compared to 2018. SPDC continues to make progress in close collaboration with its joint-venture partners and the Federal Government of Nigeria towards the objective ofending the continuous flaring of associated gas. Two new gas-gathering projects (Adibawa and Otumara) came on stream at the end of 2017, followed by two more (the Forcados Yokri Integrated Project and SouthernSwamp Associated Gas Gathering Solutions) in 2019.", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1530": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1530, + "paragraph": "GHG emissions data are provided below in accordance with UK regulations. GHG emissions comprise CO2, methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, sulphur hexafluoride and nitrogen trifluoride. The data are calculated using locally regulated methods where they exist. Where there is no locally regulated method, the data are calculated using the 2009 API Compendium, which is the recognised industry standard under the GHG Protocol Corporate Accounting and Reporting Standard. There are inherent limitations to the accuracy of such data. Oil and gas industry guidelines (IPIECA/API/IOGP) indicate that a number of sources of uncertainty can contribute to the overall uncertainty of a corporate emissions inventory. ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1531": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1531, + "paragraph": "Greenhouse gas emissions ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1532": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1532, + "paragraph": "Emissions (million tonnes of CO2 equivalent) Direct [A] Energy indirect [B] Intensity ratio (tonne/tonne) All facilities [C] 0.24 [A] Emissions from the combustion of fuel and the operation of facilities, calculated using global ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1533": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1533, + "paragraph": "warming potentials from the IPCC\u2019s Fourth Assessment Report. ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1534": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1534, + "paragraph": "[B] Emissions from the purchase of electricity, heat, steam and cooling for our own use, calculated ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1535": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1535, + "paragraph": "using a market-based method as defined by the GHG Protocol Corporate Accounting and Reporting Standard. ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1536": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1536, + "paragraph": "[C] In tonnes of total direct and energy indirect GHG emissions per tonne of crude oil and feedstocks processed and petrochemicals produced in Downstream manufacturing, oil andgas available for sale, LNG and GTL production in Integrated Gas and Upstream. Additional information by segment will be published on our webpage.", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1537": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1537, + "paragraph": "Detailed information on our 2019 GHG emissions is expected to bepublished in the Shell Sustainability Report in April 2020 and onourwebpage.", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1538": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1538, + "paragraph": "The statements in this \u201cClimate change and energy transition\u201d section, including those related to Net Carbon Footprint, are forward-looking statements based on management\u2019s current expectations and certain material assumptions and, accordingly, involve risks and uncertainties thatcould cause actual results, performance or events to differ materiallyfrom those expressed or implied herein.", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1539": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1539, + "paragraph": " See \u201cAbout this Report\u201d on pages2-3 and \u201cRisk factors\u201d onpages27-36.", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1540": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1540, + "paragraph": "theworld will need significant growth in CCS and sustained improvements in efficiency. Massive reforestation is also needed to limit temperature rises to 1.5C. The management of GHG emissions is increasingly important toour shareholders as concerns over climate change lead to tighter environmental regulations. Policies and regulations designed to limit the increase in global temperatures to well below 2C could have a material adverse effect on Shell \u2013 through higher operating costs and reduced demand for some of our products. We actively monitor and assess these potential developments and believe we are best able to manage them when local policies provide a stable and predictable regulatory foundation for our future investments. At this stage, industry is still facing significant uncertainty about how local regulatory policies and consumer behaviour will shape the evolution of the energy system and which technologies and business models will thrive. ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1541": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1541, + "paragraph": "In December 2018, we announced our intention to set short-term Net Carbon Footprint targets. In early 2020, it was decided to set a Net Carbon Footprint target for 2022 of 3-4% lower than our 2016 Net Carbon Footprint of 79 grams of CO2 equivalent per megajoule. We have received third-party limited assurance on our Net Carbon Footprint for the years 2016 to 2019. For 2019, our Net Carbon Footprint was 78 grams of CO2 equivalent per megajoule. The reduction in our Net Carbon Footprint was due to an increase in sales of electricity in markets with declining grid carbon intensity, and growth in customer demand for carbon-neutral product offerings.", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1542": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1542, + "paragraph": "OUR PERFORMANCE Data in this section are reported on a 100% basis in respect of activities where we are the operator. Reporting on this operational control basis differs from that applied for financial reporting purposes in the \u201cConsolidated Financial Statements\u201d on pages 191-239. Detailed data andinformation on our 2019 environmental and social performance is expected to be published in the Shell Sustainability Report in April 2020.", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1543": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1543, + "paragraph": "Our direct GHG emissions decreased from 71 million tonnes of CO2 equivalent in 2018 to 70 million tonnes of CO2 equivalent in 2019. The main contributors to this decrease were divestments (for example in Argentina, Canada, Norway, Iraq, Malaysia and the UK). The level offlaring in our Upstream and Integrated Gas businesses combined increased by around 15%, compared to 2018, primarily as a result of thestart-up of our Prelude floating liquefied natural gas installation in Australia and higher levels of flaring in Nigeria, partially offset by ourMajnoon divestment in Iraq (mid-2018). ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1544": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1544, + "paragraph": "In 2015, we signed up to the World Bank\u2019s Zero Routine Flaring by 2030 initiative. This is an important initiative to ensure that all stakeholders, including governments and companies, work together to address routine flaring. Flaring, or burning off, of gas in our Upstream and Integrated Gas businesses contributed around 8% of our overall direct GHG emissions in 2019. Around 25% of this flaring took place at facilities where there was no infrastructure to capture the gas produced with oil, known as associated gas. ", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + }, + "1545": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1545, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 101, + "start_index_page": 1528, + "last_index_page": 1545 + } + }, + "102": { + "1546": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1546, + "paragraph": "Performing competitively in the evolving energy landscape requirescompetent and empowered people working safely togetheracross Shell.", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1547": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1547, + "paragraph": "employees and a further 4,000 in certain NewEnergies and Downstream companies atDecember 31, 2019", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1548": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1548, + "paragraph": "countries in which we operate", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1549": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1549, + "paragraph": "formal training days for employees andjoint-venture partners", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1550": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1550, + "paragraph": "women on the Board of Directors", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1551": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1551, + "paragraph": "women in senior leadership positions", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1552": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1552, + "paragraph": "experienced people joined Shell (32% female)", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1553": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1553, + "paragraph": "Operations centre hires 3,600", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1554": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1554, + "paragraph": "recruited for Shell Business Operations centres (51% female)", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1555": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1555, + "paragraph": "graduate hires (48% female)", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1556": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1556, + "paragraph": "All metrics except for the Employees metric exclude the 4,000 employees incertainNew Energies and Downstream companies.", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1557": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1557, + "paragraph": "We recruit, train and recompense people according to a strategy that aims to organise our businesses effectively. Our people are essential to thesuccessful delivery of the Shell strategy and to sustaining business performance over the long term. We accelerate development of our people; grow and strengthenour leadership capabilities; and enhance employee performance through strong engagement.", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1558": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1558, + "paragraph": "EMPLOYEE OVERVIEW The employee numbers presented here are the full-time equivalent number of people employed by Shell on a full- or part-time basis, working in Shell subsidiaries, Shell-operated joint operations, seconded to non-Shell- operated joint operations, or joint ventures and associates.", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1559": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1559, + "paragraph": "At December 31, 2019, there were 83,000 employees in Shell and an additional 4,000 in certain New Energies and Downstream companies, compared with 81,000 at December 31, 2018, and 83,000 at December 31, 2017. Thenetincrease in 2019 was driven by accelerated growth of the Information Technology hub in Bangalore, increased project activity inProjects & Technology, growth in Lubricants Asia, and growth in Customer Operations in Downstream Global Commercial. These changeswere partly offset by reductions in Upstream and Integrated Gaswhich weredriven by portfolio activities and our continued effort toimproveoperational efficiency and to reduce costs. ", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1560": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1560, + "paragraph": "Further statements about employees in this section and data presented inthe tables excludes the 4,000 employees in certain New Energies andDownstream companies. Note 26 to the \u201cConsolidated Financial Statements\u201d on page 237 provides the average number of employees bybusiness segment.", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1561": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1561, + "paragraph": "Actual number of employees by geographical area", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1562": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1562, + "paragraph": "Thousand 2017 [A] 24 28 2 5 21 3 83 ", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1563": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1563, + "paragraph": "Europe Asia Oceania Africa North America South America Total [A] As revised, numbers have been changed from average number to actual number ", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1564": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1564, + "paragraph": "toalignwithcurrent year definition. These numbers exclude the 4,000 employees in certainNew Energies and Downstream companies. ", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1565": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1565, + "paragraph": "In 2019, a total of 373,000 formal training days were provided for employees and joint-venture partners, compared with 315,000 in 2018. We continue to invest in people and capabilities, and in our continued focuson safety and personal development.", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1566": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1566, + "paragraph": "EMPLOYEE COMMUNICATION AND INVOLVEMENT We strive to maintain a healthy employee and industrial relations environment in which dialogue between management and our employees \u2013 both directly and, where appropriate, through employee representative bodies \u2013 is embedded in our work practices. On a regular basis, management engages with our employees through a range of formal and informal channels, including all-staff messages from the Chief Executive Officer, webcasts, townhalls, team meetings, face-to-face gatherings, breakfast briefings, interviews with senior management and online publications via our intranet. For further information on stakeholder engagement, see the \u201cGovernance\u201d section on page 113. ", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + }, + "1567": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1567, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 102, + "start_index_page": 1546, + "last_index_page": 1567 + } + }, + "103": { + "1568": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1568, + "paragraph": "We promote safe reporting of views about our processes and practices. Inaddition to local channels, the Shell Global Helpline enables our people and third parties to report potential breaches of the Shell GeneralBusiness Principles and Shell Code of Conduct, confidentially and anonymously, in a variety of languages. In 2018, there were 1,584 reported cases via the Shell Global Helpline: 1,232 allegations and 352 inquiries. In 2019, there were 1,686 reported cases via the Shell Global Helpline: 1,278 allegations and 408 inquiries. Shell Internal Audit (SIA) isthe custodian of the Shell Global Helpline process in Shell, which ismanaged by an independent third party. SIA is accountable for ensuring that the Shell Global Helpline functions as intended and that allallegations of Code of Conduct breaches (including bribery and corruption) are investigated and followed up appropriately. The Board has formally delegated the responsibility for reviewing the functioning of the Shell Global Helpline, and the reports arising from its operation, to theAudit Committee. The Audit Committee is also authorised to establish and monitor the implementation of procedures for the receipt, retention, proportionate and independent investigation and follow-up action ofreported matters. ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1569": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1569, + "paragraph": "Strong employee engagement is especially important in maintaining strong business delivery in times of change. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. It provides insights into employees\u2019 views and has had a consistently high response rate. In 2019, the response rate was 85.5%, which was an increase of 3.5 percentage points compared to 2018. The average employee engagement score was 78points out of 100, an increase of one point compared to 2018, andplaces us among the leading results across a range of industries.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1570": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1570, + "paragraph": "DIVERSITY AND INCLUSION Our diversity and inclusion approach focuses on hiring, developing andretaining the best people.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1571": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1571, + "paragraph": "Embedding the principles of diversity and inclusion in the way we do business gives us a better understanding of the needs of our people, partners, suppliers and customers. We believe that a diverse workforce, and an inclusive and caring environment that respects and nurtures diverse people, is a way to improve our safety and business performance.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1572": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1572, + "paragraph": "We continue our relentless focus on attracting, developing and promoting more women, and we are supporting initiatives that encourage girls to study science, technology, engineering and mathematics. We also do thisby creating a culture of respect and inclusion.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1573": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1573, + "paragraph": "We provide equal opportunity in recruitment, career development, promotion, training and rewards for all our people. In 2019, Shell joined the disability campaign The Valuable 500 to eliminate the exclusion ofdisabled people worldwide. Since 2018, we have completed the implementation of workplace accessibility service to 83 locations globally. The service is designed to ensure that all employees have access to reasonable physical workplace or other adjustments so that they canworkeffectively and productively. ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1574": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1574, + "paragraph": "We also run an initiative called I\u2019m Not OK to promote open and honest conversations about mental health. In 2019, we focused on stigma by launching an online portal for employees worldwide to share their stories about the support that helped them most when they struggled. In doing so, they addressed the issue of stigma by demonstrating that mental ill-health can happen to anyone irrespective of job, nationality, age, gender or culture. ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1575": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1575, + "paragraph": "Our focus on workplace inclusion also continues in other areas. At Shell, we support and enable remarkable people from every background, and strive to be a pioneer of lesbian, gay, bisexual and transgender (LGBT) inclusion in the workplace. In 2019, we were again recognised in the top ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1576": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1576, + "paragraph": "tier as a Workplace Pride Advocate in the Workplace Pride global LGBTI inclusive workplace benchmark and earned a 100% score in the Human Rights Campaign Foundation\u2019s Corporate Equality Index.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1577": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1577, + "paragraph": "In 2019 the Hampton Alexander Review ranked Shell second out of the Financial Times Stock Exchange (FTSE) 350 Oil & Gas Industry index companies and 14th out of the FTSE 100 rankings of Women on Boards and in Leadership. We actively monitor representation of women and local nationals in senior leadership positions and have talent-development processes to support us in mitigating any biases and delivering a more diverse representation.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1578": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1578, + "paragraph": "In 2019, 48% of our graduate recruits were female. At the end of 2019, theproportion of women in senior leadership positions was 26.4%, an increase of 2.4 percentage points compared to end of 2018. \u201cSenior leadership positions\u201d is a Shell measure based on salary group levels (circa 1,400 staff) and is distinct from the term \u201csenior manager\u201d in thestatutory disclosures set out below.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1579": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1579, + "paragraph": "Gender diversity data (at December 31, 2019) ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1580": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1580, + "paragraph": "Number Women 42% Directors of the Company 28% Senior managers [A] Employees (thousand) 31% [A] Senior manager is defined in section 414C(9) of the Companies Act 2006 and, accordingly, the number disclosed comprises the Executive Committee members who were not Directors ofthe Company, as well as other directors of Shell subsidiaries. ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1581": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1581, + "paragraph": "The local national coverage is the number of senior local nationals (both those working in their respective base country and those expatriated) asapercentage of the number of senior leadership positions in their basecountry.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1582": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1582, + "paragraph": "Local national coverage (at December 31)", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1583": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1583, + "paragraph": "Greater than 80% Less than 80% Total [A] These numbers exclude the 4,000 employees in certain New Energies and Downstream ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1584": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1584, + "paragraph": "Number of selected key business countries 2017 10 10 20", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1585": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1585, + "paragraph": "CODE OF CONDUCT In line with the UN Global Compact Principle 10 (Businesses should work against corruption in all its forms, including extortion and bribery), we maintain a global anti-bribery and corruption/anti-money laundering (ABC/AML) programme designed to prevent or detect, and remediate and learn from, potential violations. The programme is underpinned by ourcommitment to prohibit bribery, money laundering and tax evasion, and to conduct business in line with our Shell General Business Principles and Code of Conduct.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1586": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1586, + "paragraph": "We do not tolerate the direct or indirect offer, payment, solicitation or acceptance of bribes in any form. Facilitation payments are also bribes and are prohibited. The Shell Code of Conduct includes specific guidance for Shell staff (which comprises employees and contract staff) on requirements to avoid or declare actual, potential or perceived conflicts ofinterest, and on offering or accepting gifts and hospitality.", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1587": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1587, + "paragraph": "Communications from leaders emphasise both the importance of these commitments and compliance with requirements. These are reinforced with both global and targeted communications to ensure that Shell staff ", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + }, + "1588": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1588, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 103, + "start_index_page": 1568, + "last_index_page": 1588 + } + }, + "104": { + "1589": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1589, + "paragraph": "are frequently reminded of their obligations. Supporting the Code of Conduct, we have mandatory risk-based procedures and controls that address a range of compliance risks and ensure we focus resources, reporting and attention appropriately. By making a commitment to our core values \u2013 honesty, integrity and respect \u2013 and following the Code ofConduct, we protect Shell\u2019s reputation. ", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1590": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1590, + "paragraph": "In 2019, we continued mandatory ethical leadership workshops for senior executives across our global operations, to reinforce and explore the level of commitment to ethics and compliance expected of leaders at this level. The workshops focus on values, behaviours, business pressures and leadership practices. The workshops are part of our wider work to cultivate a strong corporate culture where impeccable ethics are a matter of personal pride for every employee, rather than only a compliance issue.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1591": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1591, + "paragraph": "As part of our commitment to ethics and compliance, we ensure that our policies, standards and procedures are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Particular areas of focus with third parties include our due diligence procedures, and clearly articulated requirements (for example, through the use of standard contract clauses). In addition, we publish our Ethics and Compliance Manual on shell.com to demonstrate our commitment in this area.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1592": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1592, + "paragraph": "The Shell Ethics and Compliance Office assists the businesses and functions with the ABC/AML and other programme implementation, and monitors and reports on progress. Legal counsel provides legal advice globally and supports the programme\u2019s implementation. The Shell Ethics and Compliance Office regularly reviews and revises all ethics and compliance programmes to ensure they remain up to date with applicable laws, regulations and best practices. This includes incorporating results from relevant internal audits, reviews and investigations as well as periodically commissioning external reviews.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1593": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1593, + "paragraph": "We have a duty to investigate all good faith allegations of breaches of the Code of Conduct, however they are raised. We are committed to ensuring all such incidents are investigated by specialists in accordance with our Investigation Principles. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. In some cases, we may report a violation to the relevant authorities, which could lead to legal action, fines or imprisonment.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1594": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1594, + "paragraph": "Internal investigations confirmed 263 substantiated breaches of the Code of Conduct in 2019. As a result, we dismissed or terminated the contracts of a total of 93 employees and contract staff.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1595": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1595, + "paragraph": "EMPLOYEE SHARE PLANS We have a number of share plans designed to align employees\u2019 interests with our performance through share ownership. For information on the share-based compensation plans for Executive Directors, see the \u201cDirectors\u2019 Remuneration Report\u201d on pages 135-154.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1596": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1596, + "paragraph": "PERFORMANCE SHARE PLAN, LONG-TERM INCENTIVE PLAN AND EXCHANGED AWARDS UNDER THE BG LONG- TERM INCENTIVE PLAN Under the PSP, 50% of the award is linked to certain indicators describedin \u201cPerformance indicators\u201d on pages 144, averaged over the performance period. From 2017 to 2019, 12.5% of the award is linked to free cash flow (FCF) and the remaining 37.5% is linked to a comparative performance condition which involves a comparison with four of our main competitors over the performance period, based on three performance measures. Under the LTIP, awards made in 2017 and 2018, 25% of the award is linked to the FCF measure and the remaining 75% is linked to thecomparative performance conditions mentioned above. From 2019 onwards, 22.5% of the award is linked to the FCF measure and 10% is ", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1597": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1597, + "paragraph": "linked to an energy transition measure. The remaining 67.5% is linked tothe comparative performance condition mentioned above.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1598": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1598, + "paragraph": "Separately, following the BG acquisition, certain employee share awards made in 2015 under BG\u2019s Long-Term Incentive Plan were automatically exchanged for equivalent awards over shares in the Company. The outstanding awards take the form of either conditional awards or nil-costoptions.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1599": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1599, + "paragraph": "Under all plans, all shares that vest are increased by an amount equal to the notional dividends accrued on those shares during the period from the award date to the vesting date. In certain circumstances, awards may be adjusted before delivery or reclaimed after delivery. None of the awards result in beneficial ownership until the shares vest.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1600": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1600, + "paragraph": "See Note 21 to the \u201cConsolidated Financial Statements\u201d on page 232.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1601": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1601, + "paragraph": "RESTRICTED SHARE PLAN Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. Shares are awarded subject to a three-year retention period. All shares that vest are increased by an amount equal to the notional dividends accrued on those shares during the period from the award date to the vesting date. In certain circumstances, awards may beadjusted before delivery or reclaimed after delivery.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1602": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1602, + "paragraph": "GLOBAL EMPLOYEE SHARE PURCHASE PLAN Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. This plan enables them to make contributions from net pay towards the purchase of the Company\u2019s shares at a 15% discount to the market price, either at the start or at the end of an annual cycle, whichever date offers the lower market price.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1603": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1603, + "paragraph": "UK SHELL ALL EMPLOYEE SHARE OWNERSHIP PLAN Eligible employees of participating Shell companies in the UK may participate in the Shell All Employee Share Ownership Plan, under which monthly contributions from gross pay are made towards the purchase of the Company\u2019s shares. For every six shares purchased by the employee, one matching share is provided at no cost to the employee.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1604": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1604, + "paragraph": "UK SHARESAVE SCHEME Eligible employees of participating Shell companies in the UK have been able to participate in the UK Sharesave Scheme. Options have been granted over the Company\u2019s shares at market value on the invitation date. These options are normally exercisable after completion of a three-year or five-year contractual savings period. From 2017 no further grants were made under this plan.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1605": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1605, + "paragraph": "Separately, following the acquisition of BG, certain participants in the BG Sharesave Scheme chose to roll over their outstanding BG share options into options over the Company\u2019s shares. The BG option price (at a discount of 20% to market value) was converted into an equivalent Company option price at a ratio agreed with Her Majesty\u2019s Revenue andCustoms. These options are normally exercisable after completion ofa three-year contractual savings period.", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1606": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1606, + "paragraph": "Strategic Report signed on behalf of the Board", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1607": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1607, + "paragraph": "LINDA M. COULTER Company Secretary March 11, 2020", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + }, + "1608": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1608, + "paragraph": "Shell Annual Report and Accounts 2019Strategic Report", + "page": 104, + "start_index_page": 1589, + "last_index_page": 1608 + } + }, + "105": { + "1609": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1609, + "paragraph": "Directors\u2019 Report 104 111 113 115 ", + "page": 105, + "start_index_page": 1609, + "last_index_page": 1611 + }, + "1610": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1610, + "paragraph": "The Board of Royal Dutch Shell plc Senior Management Introduction from the Chair Statement of compliance with the UKCorporate Governance Code Governance framework Board evaluation and activities Understanding and engagement withourstakeholders Workforce engagement Nomination and Succession Committee Safety, environment and sustainabilitycommittee Audit Committee Report Directors\u2019 Remuneration Report Annual Report on Remuneration Directors\u2019Remuneration Policy Other Regulatory and Statutory Information", + "page": 105, + "start_index_page": 1609, + "last_index_page": 1611 + }, + "1611": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1611, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 105, + "start_index_page": 1609, + "last_index_page": 1611 + } + }, + "106": { + "1612": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1612, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 106, + "start_index_page": 1612, + "last_index_page": 1612 + } + }, + "107": { + "1613": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1613, + "paragraph": "THE BOARD OF ROYAL DUTCH SHELL PLC", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1614": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1614, + "paragraph": "Career Charles (Chad) Holliday was appointed Chair of the Board of Royal DutchShell plc with effect from May 19, 2015.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1615": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1615, + "paragraph": "He was Chief Executive Officer of DuPont from 1998 to 2009, and Chairman from 1999 to2009. He joined DuPont in 1970 after receiving aBS in industrial engineering from the University of Tennessee and held various manufacturing and business assignments, includinga six-year Tokyo-based posting as President of DuPont Asia/Pacific.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1616": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1616, + "paragraph": "He has previously served as Chairman of the Bank of America Corporation, The Business Council, Catalyst, the National Academy of Engineering, the Society of Chemical Industry (American Section) and the World Business Council for Sustainable Development. He is a founding member of the International Business Council.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1617": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1617, + "paragraph": "Relevant skills and experience Chad has a distinguished track record as an international businessman. He was originally appointed to the Board as a Non-executive Director in September 2010 and, prior to his May2015 appointment as Chair of the Board, served as Chair of the Safety, Environment and Sustainability Committee and Member of the Remuneration Committee.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1618": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1618, + "paragraph": "He has a deep understanding of international strategic, commercial and environmental issues, and gained extensive experience in the areas of safety and risk management during his time with DuPont. In his role as Chair, Chad is committed to developing and maintaining a strong dialogue with investors and other key stakeholders and ensures that their views are considered during Board discussions and decision-making. He has also demonstrated a strong commitment to ensuring that the highest standards of corporate governance, safety, ethics and compliance are maintained. Chad is a particularly avid advocate of greater diversity, which is reflected in the Board\u2019s current diversity mix and increased diversity goals across the Shell Group.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1619": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1619, + "paragraph": "Chad\u2019s performance was evaluated by the other Directors, led by Gerard Kleisterlee, Deputy Chair and Senior Independent Director, in 2019. More information on the external board evaluation process can be found on page 114.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1620": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1620, + "paragraph": "Career Gerard was President/Chief Executive Officer and Chairman of the Boardof Management ofKoninklijke Philips N.V. from 2001 to 2011. Having joined Philips in 1974, he held several positions before being appointed as Chief Executive Officer of Philips\u2019 Components division in1999 and Executive Vice President of Philips in 2000.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1621": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1621, + "paragraph": "He was a member of the Board of Directors of Dell Inc. from 2010 to 2013and a member ofthe Supervisory Board of Daimler AG from 2009to 2014. From 2014 to 2016, he was aNon-executive Director ofIBEX Global Solutions plc.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1622": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1622, + "paragraph": "Relevant skills and experience Gerard is a Dutch businessman with a distinguished career with one of thelargest electronics companies in the world. Through a variety of senior roles, he was responsible for operations inplaces such as China, Europe, Hong Kong, Taiwan. Gerard is also currently Chair of Vodafone, one of the UK\u2019s largest global companies, which provides services to more than 500 million customers.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1623": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1623, + "paragraph": "Gerard\u2019s business experience provides him with a broad and deep understanding of the geopolitical, strategic and commercial challenges faced by an evolving business. His experience \u2013 gained at Philips, Dell and Vodafone, businesses that have seen significant changes in technology and consumer behaviour \u2013 has been a great asset to the Board asShell transitions to a lower-carbon energy system.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1624": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1624, + "paragraph": "Gerard is a skilled leader, making him ideally suited to his position as our Senior Independent Director, Deputy Chair and Chair of our Remuneration Committee. He raises the bar on the level of Board debate, with his insightful, concise and direct questions.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1625": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1625, + "paragraph": "CHARLES O. HOLLIDAY Chair", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1626": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1626, + "paragraph": "Tenure Chair \u2013 4 years and 9 months (appointed Chair May 19, 2015). On Board \u2013 9 years and 6 months (appointed September 1, 2010) (see page 113 for further information)", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1627": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1627, + "paragraph": "Board Committee membership Chair of the Nomination and Succession Committee", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1628": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1628, + "paragraph": "Outside interests/commitments Presiding Director of HCA Holdings, Inc. Director of Deere & Company. Member of the Critical Resource\u2019s Senior Advisory Panel. Member of theRoyal Academy of Engineering (UK).", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1629": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1629, + "paragraph": "GERARD KLEISTERLEE Deputy Chair and Senior IndependentDirector", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1630": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1630, + "paragraph": "Tenure 9 years and 4 months (appointed November 1 2010). On January 29, 2020, the Board announced that Gerard Kleisterlee would notbeseeking re-election at the 2020 AnnualGeneral Meeting.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1631": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1631, + "paragraph": "Board Committee membership Chair of the Remuneration Committee and member oftheNomination and Succession Committee", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1632": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1632, + "paragraph": "Outside interests/commitments Chairman of Vodafone Group plc and Chairman of the Supervisory Board of ASML Holding N.V.", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + }, + "1633": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1633, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 107, + "start_index_page": 1613, + "last_index_page": 1633 + } + }, + "108": { + "1634": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1634, + "paragraph": "BEN VAN BEURDEN Chief Executive Officer", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1635": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1635, + "paragraph": "Tenure 6 years and 2 months (appointed January 1, 2014)", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1636": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1636, + "paragraph": "Board Committee membership N/A", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1637": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1637, + "paragraph": "Outside interests/commitments No external appointments", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1638": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1638, + "paragraph": "JESSICA UHL Chief Financial Officer", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1639": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1639, + "paragraph": "Tenure 3 years (appointed March 9, 2017)", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1640": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1640, + "paragraph": "Board Committee membership N/A", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1641": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1641, + "paragraph": "Outside interests/commitments No external appointments", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1642": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1642, + "paragraph": "Career Ben was Downstream Director from January to September 2013. Before that, he was Executive Vice President Chemicals from 2006 to 2012. In this period, he also served on the boards of a number of leading industry associations, including the International Council of Chemicals Associations and the European Chemical Industry Council. Prior to this, he held a number of operational and commercial roles in both Upstream and Downstream, including Vice President Manufacturing Excellence. He joined Shell in 1983, after graduating with a master\u2019s degree in chemical engineering from Delft University of Technology, the Netherlands.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1643": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1643, + "paragraph": "Relevant skills and experience Ben has more than 35 years of Shell experience and has built a deep industry understanding and proven management experience across the technical and commercial roles which he has undertaken over his career.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1644": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1644, + "paragraph": "Since 2016, Ben has led Shell to deliver strong financial results, total shareholder returns andearnings per share. He also led Shell through ending the scrip dividend and the start of a$25 billion share buyback programme. Under his leadership Shell New Energies has been established and Shell has announced industry-leading initiatives in response to the global challenge of the energy transition to a lower-carbon future, including the introduction of Shell\u2019s Net Carbon Footprintambition. Shell is now at the forefront of a cross-industry pushtoreduce the greenhouse gas impact of natural gas with the Methane Guiding Principles.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1645": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1645, + "paragraph": "Ben led the Company through the acquisition and integration of BG Group, executed an impressive reshaping of our portfolio and completed a divestment programme of $30 billion of non-core assets, making the Shell Group simpler.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1646": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1646, + "paragraph": "Career Jessica was Executive Vice President Finance for the Integrated Gas business from January 2016 to March 2017. Previously, she was Executive Vice President Finance for Upstream Americas from 2014 to 2015, Vice President Finance for Upstream Americas Unconventionals from 2013 to 2014, Vice President Controller for Upstream and Projects & Technology from 2010 to 2012, Vice President Finance for the global Lubricants business from 2009 to 2010, and Head of External Reporting from 2007 to 2009. She joined Shell in 2004 in finance and business development, supporting the Renewables business.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1647": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1647, + "paragraph": "Prior to joining Shell, Jessica worked for Enron in the USA and Panama from 1997 to 2003 and for Citibank in San Francisco, USA, from 1990 to 1996. She obtained a BA from UC Berkeley in 1989 and an MBA at INSEAD in 1997.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1648": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1648, + "paragraph": "Relevant skills and experience Jessica is a highly regarded executive with a track record of delivering keybusiness objectives, from cost leadership in complex operations to mergers and acquisitions delivery. Jessica\u2019s extensive experience combines an external perspective with more than 15 years of Shell experience: she has held finance leadership roles in Europe and the USA, in Shell\u2019s Upstream, Integrated Gas and Downstream businesses, as well as in Projects & Technology andCorporate.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1649": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1649, + "paragraph": "Jessica\u2019s tenure as CFO has also been impressive. She was appointed notlong after the BG acquisition, when Shell\u2019s debt, gearing and development costs were high and when the oil price was still recoveringfrom the lower levels in 2016.", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1650": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1650, + "paragraph": "In these challenging conditions, but with great enthusiasm, clarity and discipline, Jessica has overseen Shell\u2019s delivery of industry leading cash flow from operating activities (for the 14th consecutive quarter at the end of 2019) and shareholder distributions ($25 billion in 2019). Jessica has also been a leading force for transparency in the energy industry, including on taxes and climate change. Under her tenure, Shell has continued to expand and enhance disclosures related to climate change in line with the Task Force on Climate-Related FinancialDisclosures principles. Most recently, under her guidance, Shell published theTaxContribution Report, which includes country-by-country report data, a standard setbytheOrganisation for Economic Co-operation and Development (OECD).", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + }, + "1651": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1651, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 108, + "start_index_page": 1634, + "last_index_page": 1651 + } + }, + "109": { + "1652": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1652, + "paragraph": "THE BOARD OF ROYAL DUTCH SHELL PLC continued", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1653": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1653, + "paragraph": "Career Neil is a former FTSE 100 chief executive. After completing an engineering degree, Neil joined Johnston Matthey in 1980 where he held several senior management positions in both the UK and the US, before being appointed Chief Executive Officer in 2004. Since retiring from Johnston Matthey in 2014, Neil has focused his time on his non-executive roles.", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1654": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1654, + "paragraph": "Relevant skills and experience Neil is highly experienced, has a broad industrial outlook and a highly commercial approach with a practical perspective on businesses. He brings a track record of strong operational exposure, familiarity with capital-intensive business and a first-class international perspective on driving value in complex environments. Neil was awarded an OBE for services to the chemical industry in 2016. Neil has leveraged upon his current and past experience in non-executive positions and, despite being new tothe Shell Board, he has already made significant contributions to Board discussions. He has also provided valuable insight based onhis former executive position and operational experience. ", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1655": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1655, + "paragraph": "[A] On January 29, 2020, the Board appointed Neil Carson as Chair of the Remuneration Committee with effect from ", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1656": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1656, + "paragraph": "May20, 2020. Neil has been a member of this Committee since June 1, 2019 and has previously served on a Remuneration Committee before joining the Shell Board.", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1657": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1657, + "paragraph": "[B] On December 9, 2019 TTE plc announced Neil\u2019s intention to step down as Non-executive Director and Chair ofTTE ", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1658": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1658, + "paragraph": "plc, once his successor has been found. ", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1659": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1659, + "paragraph": "Career Ann started her career with Sun Life of Canada in 1976 in Montreal, Canada, and joined M&G Group in 1981, where she served as Senior VicePresident and Controller for both life and health, and property and casualty businesses throughout North America. She joined Swiss Re in 1996, after it acquired the M&G Group, and served as Chief Financial Officer from 2003 to 2007. From 2008 to 2009, she was interim Chief Financial Officer and an Executive Director of Northern Rock bank in the initial period following its nationalisation.", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1660": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1660, + "paragraph": "Ann has also held several non-executive director positions at Prudential plc, British American Tobacco plc, UBS AG, and UBS Group AG. Most recently, and until May 2019, Ann served as a Non-executive Director of Rio Tinto plc and Rio Tinto Limited. She was also Senior Independent Director of Rio Tinto plc.", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1661": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1661, + "paragraph": "Relevant skills and experience Ann is a former CFO, a Fellow at the Institute of Chartered Professional Accountants, and has more than 25 years of experience in the financial services sector. She has worked her entire career in international business and has lived in or served on boards in nine countries. Ann makes significant contributions andadds exceptional value by bringing both her extensive experience and a new perspective to Board discussions.", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1662": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1662, + "paragraph": "Ann\u2019s long international business career brings with it an invaluable global perspective andunderstanding, which is reflected in the insights and constructive challenges she brings totheboardroom. Ann was appointed Chair of the Audit Committee on July 1, 2019, and has made significant contributions in this role. Her highly relevant skills, particularly in investment appraisal and financial risk management, have been a welcome addition to our Board andAudit Committee. ", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1663": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1663, + "paragraph": "NEIL CARSON OBE Independent Non-executive Director", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1664": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1664, + "paragraph": "Tenure 9 months (appointed June 1, 2019)", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1665": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1665, + "paragraph": "Board Committee membership Member of the Safety, Environment and Sustainability Committee and member of theRemuneration Committee [A]", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1666": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1666, + "paragraph": "Outside interests/commitments Non-executive Chairman of Oxford Instruments plc and TTElectronics plc [B]", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1667": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1667, + "paragraph": "ANN GODBEHERE Independent Non-executive Director", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1668": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1668, + "paragraph": "Tenure 1 year and 9 months (appointed May 23, 2018)", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1669": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1669, + "paragraph": "Board Committee membership Chair of the Audit Committee", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1670": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1670, + "paragraph": "Outside interests/commitments Fellow of the Institute of Chartered Professional Accountants and a Fellow of the Certified General Accountants Association of Canada.", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1671": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1671, + "paragraph": "Nationality Canadian and British", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + }, + "1672": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1672, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 109, + "start_index_page": 1652, + "last_index_page": 1672 + } + }, + "110": { + "1673": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1673, + "paragraph": "EULEEN GOH Independent Non-executive Director", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1674": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1674, + "paragraph": "Tenure 5 years and 6 months (appointed September 1, 2014)", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1675": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1675, + "paragraph": "Board Committee membership Member of the Nomination andSuccession Committee [A]", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1676": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1676, + "paragraph": "Outside interests/commitments Chairman of SATS Ltd. Non-executive Director of DBS Bank Ltd and DBS Group Holdings Ltd. Trustee of the Singapore Institute of International Affairs Endowment Fund. Chairman of the Governing Council of the Singapore Institute of Management and Non- executive Director of Singapore Health Services Pte Ltd, both of which are not-for-profit organisations. ", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1677": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1677, + "paragraph": "Nationality Singaporean", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1678": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1678, + "paragraph": "CATHERINE J. HUGHES Independent Non-executive Director", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1679": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1679, + "paragraph": "Tenure 2 years and 9 months (appointed June 1, 2017)", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1680": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1680, + "paragraph": "Board Committee membership Member of the Safety, Environment and Sustainability Committee and member of theRemuneration Committee", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1681": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1681, + "paragraph": "Outside interests/commitments Non-executive Director of SNC-Lavalin Group Inc.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1682": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1682, + "paragraph": "Nationality Canadian and French", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1683": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1683, + "paragraph": "Career Euleen is an Associate of the Institute of Chartered Accountants in England and Wales, a Fellow of the Singapore Institute of Chartered Accountants and has professional qualifications in banking and taxation. She has held various senior management positions within Standard Chartered Bank and was Chief Executive Officer of Standard Chartered Bank, Singapore, from 2001 until 2006. She is also a Fellow of the Singapore Institute of Directors.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1684": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1684, + "paragraph": "She has also held non-executive appointments on various boards including Aviva plc, MediaCorp Pte Ltd, Singapore Airlines Ltd, Singapore Exchange Ltd, Standard Chartered Bank Malaysia Berhad, Standard Chartered Bank Thai plc, CapitaLand Ltd and Temasek Trustees Pte Ltd. She was previously Non-executive Chairman of the Singapore International Foundation, and Chairman ofInternational Enterprise Singapore and the Accounting Standards Council, Singapore.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1685": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1685, + "paragraph": "Relevant skills and experience Euleen\u2019s current roles as Chair of the Board of Directors of various international companies provide significant experience in the area of strategy development and international businesses. She is a champion of diversity and constructively challenges the Board and management to continue toprogress in this area.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1686": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1686, + "paragraph": "Based in Singapore and as Chair of the Risk Committee of the largest bank in south-east Asia,Euleen is close to key emerging/growth markets for our business. Euleen\u2019s risk management expertise has elevated the Board\u2019s deep deliberations around risk governance. Her extensive travel around the world, through her various executive and non-executive roles, has equipped her with broad geopolitical insight and significant knowledge of operating in the Asian region.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1687": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1687, + "paragraph": "Euleen uses her financial acumen to pose probing and insightful questions, both in and beyond the boardroom. This contributes to well-rounded and incisive Board discussions.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1688": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1688, + "paragraph": "[A] On January 29, 2020, the Board appointed Euleen Goh as Deputy Chair and Senior Independent Director with effect ", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1689": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1689, + "paragraph": "Career Catherine was Executive Vice President International at Nexen Inc., fromJanuary 2012 until her retirement in April 2013, where she was responsible for all oil and gas activities including exploration, production, development and project activities outside Canada. She joined Nexen in2009 as Vice President Operational Services, Technology and HumanResources.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1690": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1690, + "paragraph": "Prior to joining Nexen Inc., she was Vice President Oil Sands at Husky Oil from 2007 to 2009 and Vice President Exploration & Production Services, from 2005 to 2007. She started her career with Schlumberger in 1986 and held key positions in various countries, including France, Italy, Nigeria, the UK and the USA, and was President of Schlumberger Canada Ltdfor five years. She was a Non-executive Director of Statoil from 2013 to 2015.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1691": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1691, + "paragraph": "Relevant skills and experience Catherine contributes her industry knowledge and ease of engagement with other Directors and managers in the boardroom. With her 30 years of oil and gas sector experience, she brings a geopolitical outlook and deep understanding of the industry. An engineer by training, she has also spent a significant part of her career working in senior human resourcesroles. The Board highly regards her perspectives on our industry and our mostimportant asset, our people.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1692": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1692, + "paragraph": "Catherine has a strong track record of executing operational discipline with a focus on performance metrics and a continual drive for excellence. Her knowledge of the technology underpinning oil and gas operations, logistics, procurement and supply chains benefits the Board greatly as it considers various projects and investment or divestment proposals.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1693": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1693, + "paragraph": "She also uses her industry knowledge \u2013 combined with her commitment to the highest standards of corporate governance and safety, ethics and compliance \u2013 in her membership ofour Safety, Environment and Sustainability Committee, while using her human resources experience in her membership of the Remuneration Committee.", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + }, + "1694": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1694, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 110, + "start_index_page": 1673, + "last_index_page": 1694 + } + }, + "111": { + "1695": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1695, + "paragraph": "THE BOARD OF ROYAL DUTCH SHELL PLC continued", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1696": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1696, + "paragraph": "Career Roberto was Chief Executive Officer and Vice Chairman of the Board of Directors of Ita Unibanco Holding S.A. in Sao Paulo, Brazil, until April 2017. At that time, he retired as Chief Executive Officer and currently serves as Co-Chairman of the Board of Directors. Following a brief period with Citibank in New York, he joined Banco Ita in 1984 where he held a variety of senior roles in investment banking, consumer credit operations and retail banking before being appointed Chief Executive Officer in 1994. After the merger of Banco Ita and Unibanco, he was appointed tothe position of President and Chief Executive Officer ofItaUnibanco Holding S.A. Previously, he was a Non-executive Director of Petrobas S.A.,President of the IMC and Vice-Chairman of the Institute of International Finance.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1697": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1697, + "paragraph": "Relevant skills and experience Roberto brings significant experience in capital markets and financial services to the Board and has a deep understanding of international strategic management, commercial operations and risk management. Hewas instrumental in designing and then executing a strategy that ledtoIta becoming the largest bank in Brazil.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1698": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1698, + "paragraph": "His deep financial knowledge enables him to make robust, demanding and constructive challenges to our investment considerations and helps toensure that projects are aligned withour strategic intent.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1699": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1699, + "paragraph": "Despite spending most of his life in Brazil, Roberto has a strong understanding of global business. Naturally, he also brings an invaluable perspective and insight into operating in his native country, a key growth market for Shell. His contributions also demonstrate his strong advocacy for the highest standards of corporate governance, ethics and compliance. This, combined with his experience of operating in challenging markets, helps to deepen the Board\u2019s analyses of difficult matters with multi-facetedrisks.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1700": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1700, + "paragraph": "Career Sir Nigel was a senior British diplomat who served as British Ambassador to the USA from 2007 to 2012, before retiring from the Diplomatic Service. Prior to this, he served as Foreign Policy and Defence Adviser tothe Prime Minister and as British Ambassador and Permanent Representative to the European Union in Brussels. He joined the Diplomatic Service in 1976 and served in Brussels, Moscow, Washington and in a wide range of policy roles in London. Since 2012, he has taken ona number of international business roles, and has supported organisations involved in higher education and international affairs.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1701": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1701, + "paragraph": "Relevant skills and experience Sir Nigel\u2019s distinguished track record including three of the most seniorinternational roles in British public service has given him broad geopolitical and public policy experience, as well as knowledge of regulatory issues, communications and stakeholder management. Hehasa global and strategic outlook which enables him to identify emerging issues that could present geopolitical or reputational challenges.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1702": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1702, + "paragraph": "Sir Nigel brings a unique government policy perspective to our strategic discussions particularly on topics such as the energy transition, that are strongly influenced by the views of governments and a complex range of interested parties. His many contributions to the Board on this and other strategic and operational topics often reflect the interconnections between geopolitics, business and external stakeholder engagement.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1703": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1703, + "paragraph": "He is used to operating in challenging environments and is committed to active external engagement. This, and his understanding of public policy and regulatory issues through his career in government service and membership of think tank and university boards, makes him well suited to the role of Chair of our Safety, Environment and Sustainability Committee.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1704": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1704, + "paragraph": "ROBERTO SETUBAL Independent Non-executive Director", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1705": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1705, + "paragraph": "Tenure 2 years and 5 months (appointed October 1, 2017) On March 11, 2020, the Board announced that Roberto Setubal would not be seeking re-election atthe 2020 Annual General Meeting.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1706": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1706, + "paragraph": "Board Committee membership Member of the Audit Committee", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1707": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1707, + "paragraph": "Outside interests/commitments Member of the board of the International Monetary Conference (IMC), the Economic and Social Development Council of the Presidency of Brazil, and the International Business Council of the World Economic Forum. He is also President of the Fundao Ita Social and amember of the Executive Committee of the Instituto ItaCultural.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1708": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1708, + "paragraph": "SIR NIGEL SHEINWALD GCMG Independent Non-executive Director", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1709": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1709, + "paragraph": "Tenure 7 years and 8 months (appointed July 1, 2012)", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1710": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1710, + "paragraph": "Board Committee membership Chair of the Safety, Environment and Sustainability Committee and member of the Remuneration Committee", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1711": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1711, + "paragraph": "Outside interests/commitments Non-executive Director of Invesco Ltd and Raytheon UK. Senior Adviser to Tanium Inc. and tothe Universal Music Group. Visiting Professor and Council Member of King\u2019s College, London.", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + }, + "1712": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1712, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 111, + "start_index_page": 1695, + "last_index_page": 1712 + } + }, + "112": { + "1713": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1713, + "paragraph": "LINDA G. STUNTZ Independent Non-executive Director", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1714": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1714, + "paragraph": "Tenure 8 years and 9 months (appointed June 1, 2011) On January 29, 2020, the Board announced that Linda G. Stuntz would not be seeking re-election at the 2020 Annual General Meeting.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1715": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1715, + "paragraph": "Board Committee membership Member of the Safety, Environment and Sustainability Committee and member oftheNomination and Succession Committee", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1716": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1716, + "paragraph": "Outside interests/commitments Director of Edison International.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1717": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1717, + "paragraph": "GERRIT ZALM Independent Non-executive Director", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1718": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1718, + "paragraph": "Tenure 7 years and 2 months (appointed January 1, 2013)", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1719": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1719, + "paragraph": "Board Committee membership Member of the Audit Committee and member of the Remuneration Committee", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1720": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1720, + "paragraph": "Outside interests/commitments Director of Moody\u2019s Corporation inc and DanskeBankA/S", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1721": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1721, + "paragraph": "Career Linda retired from her position as founding partner of the law firm of Stuntz, Davis & Staffier, P.C. in January 2019. She was a member of the US Secretary of Energy Advisory Board from 2015 to 2017. She chaired the Electricity Advisory Council of the US Department of Energy from 2008 to2009. Linda was a member of the board of Directors of Schlumberger Ltd from 1993 to 2010 and of Raytheon Company from 2004 to 2015.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1722": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1722, + "paragraph": "From 1989 to 1993, she held senior policy positions at the US Department of Energy, including Deputy Secretary.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1723": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1723, + "paragraph": "Relevant skills and experience Linda\u2019s Harvard legal training and deep practical legal experience bring unique and valuable expertise in energy-industry and environmental law, as well as extensive public policy experience, to our Board. This is conveyed through her in-depth knowledge of the gas andpower industries and her work on issues related to climate change and energy-related measures to minimise greenhouse gas emissions.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1724": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1724, + "paragraph": "As a board director of publicly traded companies for more than 25 years, Linda has provided strategic and legal advice to many energy companies and has substantial experience in overseeing and working with businesses with operations around the world. She has a broad understanding of technology and its development/commercialisation within our industry, fromher work with the US government and on the Schlumberger board. She has significant knowledge and understanding of cyber risks as a resultof her Raytheon and Edison International board service.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1725": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1725, + "paragraph": "Linda\u2019s unique background, coupled with her exceptional ability to frameclear questions thattackle the key points of complex issues, helps deepen the Board\u2019s constructive challenges and considerations of critical industry-related matters, particularly those related to the energytransition.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1726": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1726, + "paragraph": "Career Gerrit was an adviser to PricewaterhouseCoopers during 2007, Chairman of the Trustees ofthe International Accounting Standards Board from 2007 to 2010, and an adviser to Permira from 2007 to 2008. He was Chief Economist of DSB Bank from July 2007 to January 2008, Chief Financial Officer from January 2008 to December 2008, and Chairman of the Managing Board of ABN AMRO Bank N.V. from 2010 to 2016. He was Minister of Finance ofthe Netherlands, twice, from 1994 to 2002 and from 2003 to 2007. In between, he wasChairman of the parliamentary party of the VVD.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1727": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1727, + "paragraph": "Prior to 1994, he was head of the Netherlands Bureau for Economic Policy Analysis, a professor at Vrije Universiteit Amsterdam, and held various positions at the Ministry of Finance and the Ministry of Economic Affairs. He studied general economics at the Vrije Universiteit Amsterdam, from where he also received an honorary doctorate in economics.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1728": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1728, + "paragraph": "Relevant skills and experience An economist by background, Gerrit\u2019s distinguished 12-year service asthe Minister of Finance to the Netherlands, coupled with his experience gained from his time with ABN AMRO Bank, brings a deep and valuable understanding of Dutch politics and financial markets to the Board. His international financial management expertise and strategic development experience also benefits the Audit Committee.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1729": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1729, + "paragraph": "A highly regarded and seasoned leader in both the public and private spheres, his significant experience in analysing financial commitments from a wider public stakeholder and a globalbusiness standpoint serves the Board well, particularly when considering investment proposals. Gerrit consistently and concisely articulates the logic and reasoning behind his views, benefiting the Board and management. His questions often trigger other analytical questions from fellow Directors, which serves to deepen and widen Board discussions.", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + }, + "1730": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1730, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 112, + "start_index_page": 1713, + "last_index_page": 1730 + } + }, + "113": { + "1731": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1731, + "paragraph": "THE BOARD OF ROYAL DUTCH SHELL PLC continued", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1732": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1732, + "paragraph": "Career Linda was General Counsel of the Upstream Americas business and Head of Legal US, based in the USA, from 2014 to 2016. Previously, she was Group Chief Ethics & Compliance Officer based in the Netherlands from 2011 to 2014. Since joining Shell in 1995, she has also held a variety of legal positions in the Shell Oil Company in the USA, including Chemicals Legal Managing Counsel and other senior roles in employment, litigation, and commercial practice.", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1733": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1733, + "paragraph": "Relevant skills and experience Linda is our Company Secretary and plays an important role as Shell\u2019s General Counsel Corporate, overseeing corporate legal teams inBelgium, Canada, the Netherlands, Switzerland, the UK and the USA.", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1734": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1734, + "paragraph": "The various legal roles Linda has undertaken at our headquarters, and insupporting both the Upstream and Downstream businesses, have provided her with a strong understanding of our global operations and people. Her experience of engaging with the Board in previous roles, coupled with her broad understanding and engagement across Shell\u2019s businesses and functions, helps to ensure that the right matters come to theBoard at the right time.", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1735": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1735, + "paragraph": "LINDA M. COULTER Company Secretary", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1736": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1736, + "paragraph": "Tenure 3 years and 2 months (appointed January 1, 2017)", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1737": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1737, + "paragraph": "Non-executive Director tenure (years)", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1738": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1738, + "paragraph": "Non-executive Director sector experience", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1739": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1739, + "paragraph": "Regulatory, Government affairs, Public policy Oil & gas, Extractives, Energy Strategy development Engineering, Industrial Consumer, marketing Accounting and Finance", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1740": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1740, + "paragraph": "British Dutch American Canadian Brazilian Singaporean", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1741": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1741, + "paragraph": "ATTENDANCE Board meeting attendance for 2019 is provided below inthe table[A]. The Board held eight scheduled meetings in 2019.", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1742": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1742, + "paragraph": "[A] For attendance at Committee meetings during the year, please refer to individual ", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1743": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1743, + "paragraph": "[B] Ben van Beurden was not able to attend one Board meeting due to illness. ", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1744": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1744, + "paragraph": "Hereviewed the key agenda topics and had a discussion with the Chair prior to the Board meeting. He also conveyed his opinions and comments on the matters to be considered via the Chairman of the Board.", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1745": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1745, + "paragraph": "[C] Neil Carson joined the Board in June 2019. Ahead of his appointment, he attended the Board meeting in May 2019. This is not reflected in the table as his appointment was not effective until June 1, 2019. Neil was unable to attend the Board meeting in October due to an immovable commitment which was scheduled prior to his appointment to the Shell Board.", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1746": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1746, + "paragraph": "Board Member Ben van Beurden[B] Neil Carson[C] Ann Godbehere Euleen Goh Charles O. Holliday Catherine J. Hughes Gerard Kleisterlee Roberto Setubal Sir Nigel Sheinwald Linda G. Stuntz Jessica Uhl Gerrit Zalm ", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1747": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1747, + "paragraph": "Meetings attended 7/8 3/4 8/8 8/8 8/8 8/8 8/8 8/8 8/8 8/8 8/8 8/8", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1748": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1748, + "paragraph": "DIRECTOR INDEPENDENCE All the Non-executive Directors are considered by the Board to be independent in character and judgement. The Chair is not subject to the Code\u2019s independence test other than on appointment. ", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + }, + "1749": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1749, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 113, + "start_index_page": 1731, + "last_index_page": 1749 + } + }, + "114": { + "1750": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1750, + "paragraph": "The Senior Management oftheCompany comprises theExecutive Directors, BenvanBeurden and Jessica Uhl,and those listed below. Allaremembers of the Executive Committee (see \u201cGovernance Framework\u201d on page 117).", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1751": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1751, + "paragraph": "HARRY BREKELMANS Projects & Technology Director", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1752": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1752, + "paragraph": "DONNY CHING Legal Director", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1753": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1753, + "paragraph": "Tenure 5 years and 5 months (appointed October 2014)", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1754": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1754, + "paragraph": "Tenure 6 years and 1 month (appointed February 2014)", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1755": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1755, + "paragraph": "Career Harry was previously Executive Vice President for Upstream International Operated based inthe Netherlands. He joined Shell in 1990 andhas held various management positions inExploration and Production, Internal Audit, and Group Strategy and Planning. From 2011 to2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region.", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1756": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1756, + "paragraph": "Career Donny was previously General Counsel forProjects & Technology based in the Netherlands. He joined Shell in 1988 based inAustralia and then moved to Hong Kong andlater to London. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific.", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1757": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1757, + "paragraph": "RONAN CASSIDY Chief Human Resources & CorporateOfficer", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1758": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1758, + "paragraph": "Tenure 4 years and 2 months (appointed January 2016)", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1759": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1759, + "paragraph": "Career Ronan was previously Executive Vice President Human Resources, Upstream International. Hejoined Shell in 1988 and has held various human resources positions in Upstream andDownstream.", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1760": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1760, + "paragraph": "WAEL SAWAN Upstream Director", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1761": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1761, + "paragraph": "Tenure 8 months (appointed July 2019)", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1762": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1762, + "paragraph": "Nationality Lebanese and Canadian", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1763": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1763, + "paragraph": "Career On July 1, 2019, Wael succeeded Andy Brown as Upstream Director and was appointed totheExecutive Committee.", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1764": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1764, + "paragraph": "Wael was previously the Executive Vice President, Deep Water and amember of the Upstream Leadership Team. He joined Shell in 1997 and has worked in avariety of roles in each of Shell\u2019s core business units: Upstream, Integrated Gas and Downstream.", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + }, + "1765": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1765, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 114, + "start_index_page": 1750, + "last_index_page": 1765 + } + }, + "115": { + "1766": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1766, + "paragraph": "SENIOR MANAGEMENT continued", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1767": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1767, + "paragraph": "HUIBERT VIGEVENO Downstream Director", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1768": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1768, + "paragraph": "Tenure 2 months (appointed January 2020) ", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1769": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1769, + "paragraph": "Career On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. ", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1770": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1770, + "paragraph": "Huibert was previously Executive Vice President Global Commercial. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. This included acting as Executive Chairman of Shell in China, and in 2016 leading the integration of BG Group.", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1771": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1771, + "paragraph": "MAARTEN WETSELAAR Integrated Gas and New EnergiesDirector", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1772": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1772, + "paragraph": "Tenure 4 years and 2 months (appointed January 2016)", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1773": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1773, + "paragraph": "Career Maarten was previously Executive Vice President of Integrated Gas basedin Singapore. He joined Shell in 1995 and hasheld various financial, commercial and general management roles in Downstream, Trading and Upstream.", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1774": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1774, + "paragraph": "JOHN ABBOTT Downstream Director until December 2019 (appointed October 2013)", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1775": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1775, + "paragraph": "ANDREW BROWN Upstream Director until June 2019 (appointed January 2016)", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + }, + "1776": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1776, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 115, + "start_index_page": 1766, + "last_index_page": 1776 + } + }, + "116": { + "1777": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1777, + "paragraph": "INTRODUCTION FROM THE CHAIR", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1778": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1778, + "paragraph": "As communicated at the start of this Annual Report, and reflected inthe reported results, 2019 was not an easy year for the sector in which we operate. The year provided a tough macroenvironment, lower Liquified Natural Gas (LNG) and gas prices, as well as weaker realised refining and chemicals margins. As we look forward, we see continued risk fromthe difficult-to-predict outcomes of the trade conflicts in some regions, uncertainties within Europe over post-Brexit arrangements, the slowdown and vulnerability of some markets andregional geopolitical tensions. However, we also see robust economic growth in some regions and stronger than expected cyclical recoveries.", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1779": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1779, + "paragraph": "Society is also changing, which we welcome, accelerating its perspective on what companies should be doing, increasing the pressure and encouraging us to rise to the challenges ahead as the world moves toan environment supported by lower-carbon energy products. Shell agrees with the importance attached by its stakeholders to the issue of climate change and Shell\u2019s future success depends on effectively navigating the risks, opportunities and uncertainties presented by the energy transition. All businesses, governments, and even individuals must work together andhave a role to play in shifting demand away from carbon-intensive resources. However, oil and gas will not only be needed by some parts ofsociety formany decades to come, they are key cash generators thatsupport our investment through the energy transition and underpin delivering our ambitions aligned to the goals of the Paris Agreement whileproviding aworld-class investment case to Shell\u2019s investors.", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1780": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1780, + "paragraph": "BOARD LEADERSHIP AND SHELL\u2019S PURPOSE The UK Corporate Governance Code (the \u201cCode\u201d) provides that theBoard should promote the long-term sustainable success of Shell, generating value for shareholders and contributing to wider society. TheBoard believes that Shell\u2019s efforts give it an effective framework to play its part inthe energy transition asa growing, successful, commercial organisation. In the Board\u2019s view, this framework will allow Shell to provide the energy solutions that consumers will want and buy through thisperiod of uncertain change. The Board also thinks that Shell will be able to reducethe carbon intensity of the energy products it supplies. ", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1781": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1781, + "paragraph": "The Code asks us to report on our business purpose, which is providedat the start of this Report. However, we have carried the concept of purpose through other reporting areas to provide a further understanding of our operations and the benefits of particular activities. ", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1782": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1782, + "paragraph": "The key themes of the Code are used in this Report to form the framework for articulating our narrative and we have sought to provide a genuine understanding of how governance supports andprotects the business andour stakeholders.", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1783": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1783, + "paragraph": "The impact of the Code on Shell\u2019s existing governance processes and reporting practices, as well as certain implementation recommendations, were reviewed and considered by the Nomination and Succession Committee, at the end of 2018 and over the course of 2019. Its findings were then discussed and agreed with the Board. Overall, it was considered that while Shell was already applying the principles and the spirit of the Code, the Board recognises that enhanced reporting in this area could help make this clearer for stakeholders. The Board\u2019s approach to certain provisions (as explained in further detail below) is considered appropriate, when taking into account circumstances based on a range offactors that are particular to Shell, including its global nature, size, complexity and history. To provide greater insight into our current governance practices, we have highlighted some provisions on page 115, and signposted where more information can be found in the report and, where possible, explain how we see our practices evolving overtime.", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1784": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1784, + "paragraph": "The importance of stakeholder engagement has received greater external focus in recent years. Given the nature of our business, engagement is considered key to our operations and has been a key focus for some time. How and why we engage with our stakeholders is also provided on page122. The Board\u2019s discharge of its duty in relation to key stakeholder interests, including those of our workforce, and an explanation of how itconsidered these when making principal decisions is set out on page124 in the Strategic Report. Additionally, on page 120 we provide information on our Board activities and highlight which stakeholder we considered. We have also enhanced our reporting on ourworkforce engagement methods. We believe that constructive relationships built on mutual respect and transparency helps Shell attractand retain employees while supporting greater productivity andoperational efficiency. Ensuring that the employee voice is heard inthe boardroom in practical ways is key to understanding the broader impact of business decisions including with respect to company culture.", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1785": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1785, + "paragraph": "The Board clearly recognises the importance of culture and its link to delivering Shell\u2019s purpose and strategy. Given our culture\u2019s importance it requires long-term commitment. The Board believes that our people and safety culture is strong, something we take pride in. Moreover, our culture reflects the values of the business \u2013 honesty, integrity and respect for people \u2013 which underpin all the work we do and is embedded within ourStrategyand Purpose. ", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1786": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1786, + "paragraph": "DIVISION OF RESPONSIBILITIES How the Board and its Committees support the business operations is provided on page 117 with more detail within the Terms of Reference for each Committee, which are provided on our website. Each year the Board Committees\u2019 Terms of Reference are reviewed and updated, as required. This year we have also changed the name of our Corporate Social Responsibility Committee to the Safety, Environment and Sustainability Committee (SESCo), reflecting the Committee\u2019s focus on safety and environmental matters, including climate change and sustainability. The updates have been made in consideration of external developments. ", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1787": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1787, + "paragraph": "The importance of independent judgement on the Board is a fundamental governance principle and one supported by the Board. The Code provides circumstances that it considers are likely to impair, or could appear to impair, a Non-executive Director\u2019s independence, and tenure isone of these. At the time of the 2020 Annual General Meeting (AGM), Gerard Kleisterlee, SeniorIndependent Director, will reach a tenure of nine years since his appointment to the Board by shareholders. However, ", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + }, + "1788": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1788, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 116, + "start_index_page": 1777, + "last_index_page": 1788 + } + }, + "117": { + "1789": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1789, + "paragraph": "INTRODUCTION FROM THE CHAIR continued", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1790": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1790, + "paragraph": "as he was appointed to the Board by the Directors some seven months ahead ofhisfirst election by shareholders, his independence for the period of October 2019, to the 2020 AGM requiresdeeper evaluation under a new Code provision. Within our statement of compliance withtheCode on page 115 we provide the questions the Board considered when testing Gerard\u2019s independence.", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1791": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1791, + "paragraph": "COMPOSITION, SUCCESSION AND EVALUATION The Director biographies in this Report provide insight into our Directors\u2019 careers, skills and experience. Further, our Board diversity reporting extends past gender and nationality, and outlines the varying sector experience across the Board.", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1792": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1792, + "paragraph": "At the 2019 AGM, Neil Carson was elected to the Board by shareholders. An overview of his induction programme is provided onpage 120. At the end of the 2020 AGM, both Gerard Kleisterlee, Senior Independent Director, and Linda Stuntz, Independent Non-executive Director will retirefrom the Board after nine years of service. They both leave strong leadership track records, andthe Board is deeply grateful for their many years of dedicated commitment to the business. As we announced on January 29, 2020, Euleen Goh will become Deputy Chair and Senior Independent Directorwhen Gerard retires and Neil Carson will becomeChair ofourRemuneration Committee.", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1793": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1793, + "paragraph": "The Board completed its annual performance evaluation in December 2019, which was facilitated externally. The process again proved to be a valuable exercise, generating reflective discussions and planned actions. The process was led by me and undertaken by Independent Board Evaluation. On page 120 we have sought to provide insight into theprocess, the outcome and some of the areas we plan to enhance.", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1794": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1794, + "paragraph": "One of the Code provisions introduces a recommended nine-year limit tothe tenure of the Board Chair. As this is a provision directly relating tome, our Senior Independent Director, Gerard Kleisterlee, provides an explanation on page 115 of how the Board considered this provision andwhen the Board proposes that my tenure concludes. ", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1795": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1795, + "paragraph": "AUDIT, RISK MANAGEMENT AND INTERNAL CONTROL The Audit Committee assists the Board in maintaining a sound system of risk management and internal control and oversight over Shell\u2019s financial reporting. A variety of standing matters and more specific topics are discussed by the Audit Committee throughout the year. As part of the year-end reporting process, the Audit Committee advises the Board on theadequacy of the system of risk management and internal control in place, the appropriateness of the viability statement and going concern basis ofaccounting. TheAudit Committee also advises on whether this Report, taken as a whole, is fair, balanced and understandable and provides the information necessary for stakeholders to assess Shell\u2019s position and performance, business model and strategy. More information on the Audit Committee\u2019s activities, highlights and priorities can be found in its report on page 132.", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1796": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1796, + "paragraph": "REMUNERATION In 2020, shareholders will vote on our revised Directors\u2019 Remuneration Policy. Under the new Policy, we have focused on simplifying remuneration structures to improve clarity and transparency while maintaining the existing connection with our business strategy. In keeping with recent governance developments and societal views, we are placing increasing emphasis on the discretionary management of pay to ensure reward outcomes are appropriate. We will also be asking shareholders to vote onthe energy transition metric which links reward with our ambitions toreduce our Net Carbon Footprint. Further information can be foundonpage 163. ", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1797": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1797, + "paragraph": "Finally, we hope that this new format of document provides a clearer format for our reporting and enhances the understanding of our governance processes for our stakeholders. I would also again like tothank my fellow Directors, my colleagues and our workforce around theworld for their continued and considerable efforts to the success oftheCompany.", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1798": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1798, + "paragraph": "CHAD HOLLIDAY Chair March 11, 2020", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1799": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1799, + "paragraph": "CHANGES TO OUR REPORTING To assist with providing stakeholders greater insight into Board operations and the governance activities that support the business, wehave chosen to split the UK-governed Annual Report from the US-governed Form 20-F. The key strategic messages continue to be provided within both documents. We are now at the start of a journey with the Annual Report and are seeking to adopt apractical approach that is more responsive to the requests of our readers. To avoid duplication, and excessive cross referencing, the Directors\u2019 Report now spans the governance section of this report from page 104 to page 171. It provides the necessary governance assurances andconfirmations, and focuses on the factors that we believe willbe ofmost interest to readers and important to thelong-term prospects ofShell.", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1800": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1800, + "paragraph": "As society changes we are committed to changing the business to support it and, with this, become more transparent in our operations and the information that we share, especially when working to earn and maintain trust. Building on our disclosures from 2019, such as ourIndustry Associations Report, theenhancement of our quarterly financial disclosures and our Tax Contribution Report (available onthe Shell website). We have also sought to share more informationin this Report on Shell\u2019s ways of working and how the Board operates. ", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + }, + "1801": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1801, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 117, + "start_index_page": 1789, + "last_index_page": 1801 + } + }, + "118": { + "1802": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1802, + "paragraph": "STATEMENT OF COMPLIANCE WITH THE UK CORPORATE GOVERNANCE CODE", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1803": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1803, + "paragraph": "The Board confirms that, throughout the year, the Company has applied the Principles, both in spirit and in form, and complied with the provisions set out in the UK Corporate Governance Code issued by the Financial Reporting Council (FRC) in July 2018 (\u201dthe Code\u201d). A copy of theCode can be found on the FRC\u2019s website: www.frc.org.uk.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1804": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1804, + "paragraph": "Chad will continue to exercise objective judgment, despite his tenure surpassing nine years. The Board finds that the continuity ofhis corporate knowledge and experience is essential to complement andsupport the newskills and experience of Director appointments ofthe last few years, as well as those that we will need to make in the coming year.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1805": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1805, + "paragraph": "Shell\u2019s governance arrangements have been considered alongside theCode. The information set out in the Directors\u2019 Report, including the Board Committee Reports on (pages 126-127, 128, 129-134 and 135-138) is intended to provide an explanation of how the Principles of the Code were applied practically throughout the year. We have also chosen to provide information below where we believe stakeholders may benefit fromamore specific explanation on particular Code provisions.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1806": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1806, + "paragraph": "Chair Tenure (Provision 19) Note: The text relating to Chair tenure is provided by Gerard Kleisterlee, SeniorIndependentDirector. Charles O. Holliday (Chad) was appointed as Chair in 2015 after four and a half years on the Board as a Non-executive Director. In September 2019, he reached a tenure of nine years.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1807": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1807, + "paragraph": "The provisions of the Code address Chair tenure and provide a limit of nine years from the date of first appointment to the Board. However, the Code pragmatically acknowledges that this period can be extended for alimited time to facilitate orderly, effective succession planning and the development of a diverse board. In the 2018 Annual Report and Form 20-F we highlighted that Chad\u2019s tenure had been discussed in numerous shareholder engagements and it was disclosed that shareholders were supportive of the extension of his tenure to the 2021 AGM. This meets theCode\u2019s limited exception, particularly as the Chair was an existing Non-executive Director on appointment. The Board also takes comfort from the support for Chad\u2019s re-election at the 2019 AGM (96%votes infavour) and ongoing support from shareholders.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1808": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1808, + "paragraph": "The Board continues to believe that retaining Chad on the Board and inthe position of Chair until the 2021 AGM is right for the business. TheBoard is confident that this facilitates more effective phasing of his succession. As stated last year, and agreed by shareholders, an earlier departure would be disruptive and could leave a significant deficiency inShell\u2019s corporate knowledge when taking into account the forthcoming departures of other long-serving Directors: both myself and Linda Stuntz. ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1809": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1809, + "paragraph": "The Board believes that Chad remains an effective Chair, which was strongly recognised in the independent evaluation of the Board. Although the Board will continue to assess his objectivity, the Board is assured that ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1810": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1810, + "paragraph": "Chad\u2019s innate understanding and knowledge of the Shell Group, coupled with the strong Shell relationships he has established, are appreciated and highly valued by the Board. His skills enable him to effectively challenge management and coach other, particularly new, Non-executive Directors on the intricacies and nuances of the business, thereby better equipping them to effectively challenge management and enhance overall governance. The Board has also achieved increased diversity under Chad\u2019s leadership as Chair. Chad\u2019s leadership of the Board through to2021 is critical to the Board\u2019s effective succession planning through theshort term.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1811": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1811, + "paragraph": "Director Independence (Provision 10) As referenced in the Chair\u2019s statement, Gerard Kleisterlee has served on the Board for more than nine years, having joined in November 2010. The Board acknowledges the potential impairment of his independence owing to his length of tenure, as outlined in a Code provision. In the Board\u2019s view, there has been no notable negative change in Gerard\u2019s performance as aDirector and in his various Board roles in recent years. The Board continues to regard him as an independent Non-executive Director andundertook arigorous evaluation toreach this conclusion. Gerarddidnot participate in his own assessment.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1812": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1812, + "paragraph": "The result of this assessment was positive and given that Gerard\u2019s independence is only questioned by one of the seven parameters outlinedin the Code, the Board has determined that heremains independent. The Directors have also observed that Gerard continues tobe independent of mind and will. He regularly leverages his deep understanding and knowledge of the Shell Group and insightful perspectives based on his corporate memory, coupled with his external background and knowledge to enrich Board discussions while also providing objective judgement and effective challenge to management and the wider Board. Gerard\u2019s fellow Directors have also noted, during the evaluation, that he uses his skills and experience toassist the Chair indriving productive discussions and offers considered advice based onobjective judgement. The continuity of his Board tenure, corporate knowledge and experience has complemented and supported the skills and experience of relatively newer Director appointments over the years, including those of the Chief Executive andChief Financial Officers.", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1813": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1813, + "paragraph": "ASSESSING DIRECTOR INDEPENDENCE The following questions were used to assess Gerard\u2019s independence: \u25a0 Was the Director\u2019s re-election supported at the last AGM? Did the ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1814": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1814, + "paragraph": "level of support, or communication from investors ahead of the AGM indicate concern about the Director\u2019s independence? ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1815": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1815, + "paragraph": " \u25a0 Have the conferred interests of other Directors or management unduly influenced behaviour or approach to decision-making?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1816": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1816, + "paragraph": " \u25a0 How has any potential influence \u2013 as a result of familiarity amongst ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1817": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1817, + "paragraph": "Directors and between Directors and management who have served together for more than the nine years \u2013 been avoided?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1818": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1818, + "paragraph": " \u25a0 How proactive is the Director? Have they stood themselves apart from, or avoided, any potential influence when making decisions?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1819": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1819, + "paragraph": " \u25a0 Where good working relationships with fellow Directors and ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1820": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1820, + "paragraph": "management have been developed, are these strictly professional and limited to work-related matters only? Are there any known situations where they have attended the same events in a non-Shell- related capacity and in what context?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1821": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1821, + "paragraph": " \u25a0 Has the Director previously been involved in the industry in which the Company operates? Is there a network of contacts that could reduce the ability to be objective or contaminate their views?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1822": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1822, + "paragraph": " \u25a0 Are the views and opinions of Directors and management ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1823": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1823, + "paragraph": "challenged appropriately and at what frequency?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1824": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1824, + "paragraph": " \u25a0 Have there been circumstances when the Board is reaching consensus, but the Director has not been afraid to speak up orofferan alternativeview?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1825": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1825, + "paragraph": " \u25a0 Are boardroom behaviours indicative of a strong culture of ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1826": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1826, + "paragraph": "collaboration, but with robust debate, and in a way that means nooneDirector dominates discussions?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1827": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1827, + "paragraph": " \u25a0 How is the Board satisfied that there is no reliance on one or certainviewpoints and that there is inclusive, diverse-thinking boardroom culture?", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1828": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1828, + "paragraph": " \u25a0 How has performance as a Director and, where relevant, ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1829": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1829, + "paragraph": "performancein a particular role or duty changed over recent years,and since reaching more than nine years of service? ", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + }, + "1830": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1830, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 118, + "start_index_page": 1802, + "last_index_page": 1830 + } + }, + "119": { + "1831": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1831, + "paragraph": "STATEMENT OF COMPLIANCE WITH THE UK CORPORATE GOVERNANCE CODE continued", + "page": 119, + "start_index_page": 1831, + "last_index_page": 1837 + }, + "1832": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1832, + "paragraph": "Workforce engagement (Provision 5) Our people are essential to the successful delivery of the Shell strategy, and the Board recognises the importance of understanding their views through engagement. However, the size and diversity of our employee base as well as that of our wider workforce complicates the feasibility of implementing any of the three specific workforce engagement methods recommended in the Code. Given the required coverage needed for aglobal organisation such as ours, the Board believes that its current approach to workforce engagement continues to be pragmatic andeffective. ", + "page": 119, + "start_index_page": 1831, + "last_index_page": 1837 + }, + "1833": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1833, + "paragraph": "However, the Board has also decided that in 2020 it will increase its directengagements when the Board, Committees and individual Directors visit our sites across the world and its indirect engagements through enhanced stakeholder engagement information in relevant management reports. The Board also agreed to keep under review the effectiveness ofthe engagements. More information on the current approach and adescription of the channels used by the Board, its Committees, and theExecutive Committee are outlined in \u201cWorkforceengagement\u201d onpages 124-125.", + "page": 119, + "start_index_page": 1831, + "last_index_page": 1837 + }, + "1834": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1834, + "paragraph": "Appointment of independent Non-executive Director asSenior Independent Director (Provision 12) Information on the independence of the appointed Senior Independent Director, at the date of publication, is explained under the \u201cDirector Independence\u201d heading on the previous page. As provided earlier in thisreport, Euleen Goh will succeed Gerard in this role following the 2020 AGM, subject to her reappointment by shareholders. Details onsuccession planning and the work of the Nomination and SuccessionCommittee is contained on pages 126-127.", + "page": 119, + "start_index_page": 1831, + "last_index_page": 1837 + }, + "1835": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1835, + "paragraph": "Composition of the Remuneration Committee (Provision 32, independence) The Remuneration Committee has five Non-executive Directors making upits membership, four of which are deemed to be independent under the parameters of the Code, and the fifth (Gerard Kleisterlee) is considered tobe independent by the Shell Board for the reasons provided in its explanation. Remuneration Committee members have served this Committee for periods ranging from over two years to just over five years, the exception being Neil Carson, who joined the Board and Remuneration Committee on June 1, 2019. As announced on January 29, 2020, Neil Carson will succeed Gerard in the role of Committee Chair following the 2020 AGM, subject to his reappointment by shareholders. Neil has been a member of this Committee since June 1, 2019 and has previously served on a remuneration committee before joining the Shell Board. Having Gerard remain as Committee Chair beyond his nine-year tenure to the natural conclusion of his tenure at the 2020 AGM was a practical step promotingsmooth succession. Further details on the composition oftheRemuneration Committee are provided on page 139 of the Remuneration CommitteeReport.", + "page": 119, + "start_index_page": 1831, + "last_index_page": 1837 + }, + "1836": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1836, + "paragraph": "Corporate governance requirements outside the UK In addition to complying with applicable corporate governance requirements in the UK, the Company complies with the rules of Euronext Amsterdam as well as Dutch securities laws because of its listing on that exchange. The Company likewise adheres to US securities laws and the New York Stock Exchange (NYSE) rules and regulations because its securities are registered in the USA and listed on the NYSE.", + "page": 119, + "start_index_page": 1831, + "last_index_page": 1837 + }, + "1837": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1837, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 119, + "start_index_page": 1831, + "last_index_page": 1837 + } + }, + "120": { + "1838": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1838, + "paragraph": "Chair \u25a0 Responsible for ensuring that the Board and its Committees function effectively. One way in which this is achieved is by ensuring ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1839": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1839, + "paragraph": " \u25a0 Responsible for making sure that there is an adequate induction and training programme followed by all Directors (see page 127 ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1840": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1840, + "paragraph": "Directors receive accurate, timely and clear information; and", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1841": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1841, + "paragraph": "below),with assistance from the Company Secretary.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1842": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1842, + "paragraph": "Board \u25a0 Promotes the long-term sustainable success of the Company, generating value for shareholders and contributing to wider society as ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1843": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1843, + "paragraph": "detailed throughout our Strategic Report;", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1844": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1844, + "paragraph": " \u25a0 Meets eight times a year and has a formal schedule of matters reserved to it; \u25a0 Responsibilities include:", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1845": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1845, + "paragraph": " \u25a0 Approval of overall strategy and oversight of management; \u25a0 Changes to the corporate and capital structure; \u25a0 Approval of financial reporting and controls (including approval of theAnnual Report and Accounts, approval of the Annual Report ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1846": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1846, + "paragraph": "onForm 20-F, and interim dividends);", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1847": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1847, + "paragraph": " \u25a0 Oversight of risk management and internal control; \u25a0 Approval of significant contracts; \u25a0 Determining succession planning and new Board appointments; \u25a0 Remuneration for the Chair and Executive Directors; and \u25a0 Corporate governance matters.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1848": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1848, + "paragraph": "Roles and responsibilities \u25a0 The roles of the Chair, a non-executive role, and the CEO are separateand clearly defined. The Board has agreed their respective ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1849": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1849, + "paragraph": "responsibilities and set these out in writing. These are available on request from the Company Secretary.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1850": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1850, + "paragraph": "Audit Committee \u25a0 Carries out certain oversight functions on behalf of the ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1851": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1851, + "paragraph": " \u25a0 Assists the Board in fulfilling its responsibilities in relation ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1852": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1852, + "paragraph": "tointernal control and financialreporting.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1853": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1853, + "paragraph": "More information on the Committee\u2019s composition and its role and activities during the year are on pages130-133.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1854": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1854, + "paragraph": "Nomination andSuccession Committee", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1855": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1855, + "paragraph": "Leads the process for appointments to the Board;", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1856": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1856, + "paragraph": " \u25a0 \u25a0 Recommends Board appointments and re-appointments; \u25a0 Reviews and makes recommendations on succession ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1857": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1857, + "paragraph": " \u25a0 Reviews and makes recommendations on corporate ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1858": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1858, + "paragraph": "More information on the Committee\u2019s composition, and its role and activities during theyear, including itsrecommendations made to the Board on the application oftheCode, are on pages 126-127.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1859": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1859, + "paragraph": "[A] Formerly known as the Corporate and Social Responsibility Committee.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1860": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1860, + "paragraph": "Safety, Environment and Sustainability Committee [A] \u25a0 Carries out certain oversight functions on behalf of the ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1861": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1861, + "paragraph": " \u25a0 Advises the Board on safety, the environment includingclimate change, and Shell\u2019s overall sustainabilityperformance.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1862": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1862, + "paragraph": "More information on the Committee\u2019s composition and its role and activities during the year are on page128.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1863": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1863, + "paragraph": "Remuneration Committee \u25a0 Determines and agrees with the Board the remuneration ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1864": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1864, + "paragraph": "policy for the Chair, Executive Directors and senior management of the Company;", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1865": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1865, + "paragraph": " \u25a0 Within the terms of such agreed policy, determines individual remuneration packages for the Chair,and Executive Directors; and", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1866": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1866, + "paragraph": " \u25a0 Monitors and makes recommendations regarding the ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1867": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1867, + "paragraph": "structures and levels of remuneration structures and levelsforother senior executives, if appropriate.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1868": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1868, + "paragraph": "More information on the Committee\u2019s composition, and its role and activities during the year are on page139.", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1869": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1869, + "paragraph": "From time to time the Board may create other special ad-hoc Committees to monitor and/or approve certain matters. One such Committee is the Nigeria Special Litigation Committee, which among other things, monitors the status of the OPL-245 litigation and investigations. Its members consist ofLinda Stuntz (Chair), Chad Holliday, Euleen Goh and Ann Godbehere. ", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + }, + "1870": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1870, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 120, + "start_index_page": 1838, + "last_index_page": 1870 + } + }, + "121": { + "1871": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1871, + "paragraph": "GOVERNANCE FRAMEWORK continued", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1872": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1872, + "paragraph": "BOARD OF DIRECTORS continued", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1873": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1873, + "paragraph": "Deputy Chair/Senior Independent Director \u25a0 Sounding board for the Chair; \u25a0 Serves as an intermediary for the other Directors and shareholders; and", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1874": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1874, + "paragraph": "Leads the annual appraisal of the Chair\u2019s performance.", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1875": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1875, + "paragraph": "Non-executive Directors \u25a0 Appointed by the Board or by shareholders at general meetings and, inaccordance with the Code, seek re-election by shareholders ", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1876": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1876, + "paragraph": "onan annual basis; Letters of appointment refer to a specific term of office, the provisions ofthe Code and the Company\u2019s Articles of Association;", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1877": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1877, + "paragraph": " \u25a0 Upon appointment, Non-executive Directors confirm they are able toallocate sufficient time to meet the expectations of the role. ", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1878": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1878, + "paragraph": "Appointments are subject to a minimum of three months\u2019 notice of termination, and there is no compensation provision for early termination;", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1879": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1879, + "paragraph": " \u25a0 The Non-executive Directors bring a wide range and balance of skillsand international business experience. Through their contribution ", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1880": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1880, + "paragraph": "to the Board and Board Committee meetings, respectively, they are expected to challenge and help develop proposals on strategy andbring independent judgement on issues of performance and risk; and", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1881": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1881, + "paragraph": " \u25a0 Before each Board meeting, the Chair and Non-executive Directors meet without the Executive Directors being present. At these ", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1882": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1882, + "paragraph": "\u201cpre-meetings\u201d, the Non-executive Directors discuss, among other matters, the performance of individual Executive Directors. AnumberofNon-executive Directors also meet major shareholders over the course of the year.", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1883": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1883, + "paragraph": "Chief Executive Officer \u25a0 Has overall responsibility for the implementation, by the ", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1884": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1884, + "paragraph": "Executive Committee, of the overall strategy approved by the Board, the operational management of the Company and the business enterpriseconnected with it; and", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1885": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1885, + "paragraph": " \u25a0 Supported in this by the Executive Committee that he chairs.", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1886": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1886, + "paragraph": "Executive Committee \u25a0 Operates under the direction of the Chief Executive Officer ", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1887": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1887, + "paragraph": "(CEO) in support of his responsibility for the overall management of Shell\u2019s business. The CEO has final authority inall matters of management that are not within the duties andauthorities of the Board or of the shareholders\u2019 generalmeeting; and", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1888": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1888, + "paragraph": " \u25a0 Executive Committee members are listed in the senior ", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1889": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1889, + "paragraph": "management biographies on page 111.", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1890": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1890, + "paragraph": " \u25a0 Articles of Association \u25a0 Matters Reserved for the Board \u25a0 Board Committee Terms of Reference \u25a0 Modern Slavery Statement \u25a0 Shell General Business Principles \u25a0 Shell Code of Conduct \u25a0 Code of Ethics for Executive Directors and Senior Financial Officers", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1891": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1891, + "paragraph": "Are available on the website www.shell.com/investor", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + }, + "1892": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1892, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 121, + "start_index_page": 1871, + "last_index_page": 1892 + } + }, + "122": { + "1893": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1893, + "paragraph": "BOARD EVALUATION AND ACTIVITIES", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1894": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1894, + "paragraph": "The evaluation of the Board was conducted according to the guidance inthe Code and was facilitated by Ffion Hague at Independent BoardEvaluation. [A] [A] Ffion Hague and Independent Board Evaluation have no connection or relationship to the ", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1895": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1895, + "paragraph": "Companyor to any Director.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1896": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1896, + "paragraph": "Briefing and Board observation", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1897": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1897, + "paragraph": "One-to-one interviews with Board", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1898": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1898, + "paragraph": "Results collated, reported and evaluated", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1899": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1899, + "paragraph": "Discussion with Committee chairs", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1900": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1900, + "paragraph": "Stage 1 Note: The above activities were undertaken by Ffion Hague of Independent Board Evaluation. *Ffion Hague also attended the Board discussion.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1901": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1901, + "paragraph": "Discussion and observation (Stage 1) A comprehensive brief was given to the assessment team by the Chair inSeptember 2019. The evaluation team also observed Board and Committee meetings in October 2019. Copies of all pre-read materials were provided to the evaluation team, for briefing purposes, ahead of themeeting.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1902": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1902, + "paragraph": "In October and November 2019, detailed interviews were conducted withevery Director. All participants were interviewed by Ffion according to a set agenda tailored for the Board. Ffion was supported by her colleague for each interview. In addition, Ffion interviewed each Executive Committee member and the Company Secretary.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1903": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1903, + "paragraph": "Analysis (Stage 2) A report was compiled by the evaluation team based on the information and views supplied by the Board and other interviewees. All views or comments quoted in the report were made by participants during interviews. All recommendations were based on best practice as describedin the Code and other current corporate governance guidelines.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1904": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1904, + "paragraph": "Conclusions (Stage 3) Draft conclusions were discussed with the Chair and subsequently discussed with the whole Board at a meeting in December 2019 with Ffion present. The conclusions of that discussion were recorded in the minutes ofthe meeting. Following the Board meeting, Ffion gave feedback to Committee Chairs on the performance of each Committee and discussed the report on the Chair\u2019s performance with Gerard Kleisterlee, the Senior ", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1905": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1905, + "paragraph": "Independent Director. In addition, the Chair received a report on individual Directors and provided individual feedback to every Director ontheir contributions. In January 2020, Gerard led a separate discussion in relation to the performance of the Chair (in the absence of the Chair).", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1906": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1906, + "paragraph": "Insight The feedback from Board Directors was positive throughout, with particular praise for the culture of the Board and the leadership provided by both the Chair and the Chief Executive Officer. Although areas of Board work were identified for improvement, the Evaluation Report clarified that such improvements were to fine-tune versus radically overhaul the Board\u2019s performance.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1907": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1907, + "paragraph": "Feedback themes included noting the strength of the relationship between the Board and management team, the Board process and the Board\u2019s confidence in the Management.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1908": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1908, + "paragraph": "Accountability \u2013 Board Directors are aware of their accountability to arange of stakeholders including shareholders, employees, communities and society at large; and conscious ofthe societal scrutiny to which Shellis subject. ", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1909": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1909, + "paragraph": "Strategy \u2013 The strategy process is highly regarded, and Directors appreciate the efforts made to keep them updated on key items, for example, on the science behind climate change, via deep dives into various new energies, and through the Board\u2019s engagement with external experts. While the Board appropriately challenges management on strategic issues, Directors agree that strategy is a key focus for the business and the Directors feel well informed and engaged on strategic issues. Going forward, the Board noted the need to further consider theprioritisation of the approved strategic ambitions and to ensure thatBoard time spent on strategic and operational matters was appropriately balanced. ", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1910": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1910, + "paragraph": "Governance \u2013 Directors note that Shell\u2019s identification and follow-up ofgovernance and compliance concerns, including with regard to substance and processes, are dealt with well and thoroughly.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1911": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1911, + "paragraph": "Succession \u2013 Succession planning and talent management were identified by Directors as a clear area of strength. Directors particularly noted the attention to talent development within the business, evident inthe quality of emerging talent for various roles.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1912": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1912, + "paragraph": "Culture \u2013 Board culture was another area of strength highlighted by Directors, crediting the Chair for setting a strong lead in this respect. TheBoard\u2019s values are felt to blend well with the Company\u2019s own valuesandDirectors actively enjoy their engagement with their fellowDirectorsand the business.", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + }, + "1913": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1913, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 122, + "start_index_page": 1893, + "last_index_page": 1913 + } + }, + "123": { + "1914": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1914, + "paragraph": "BOARD EVALUATION AND ACTIVITIES continued", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1915": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1915, + "paragraph": "Planned enhancements include Board Papers \u2013 Board papers contain high-quality, data-rich analysis but could benefit from being shortened and less technical. We will therefore continue to enhance the information provided to the Board to ensure the right information is provided in a digestible format while outlining the necessary facts of a given proposal.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1916": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1916, + "paragraph": "Ongoing training \u2013 Induction sessions that combine new and existing Directors proved valuable. The same applied for visits to key sites, which also led to increased quality acquaintance time among Directors, time-efficiency for the management team and further opportunities forNon-executive Director workforce engagement.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1917": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1917, + "paragraph": "We will look to build on our current processes with the development of acalendar of Board travel, that all Directors can opt into, aligned to theBoard calendar of forthcoming topics. In addition, details of other induction sessions, Committee trips and Chair visits will be shared withDirectors enabling them to also attend as appropriate.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1918": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1918, + "paragraph": "Chair Ongoing performance evaluation \u2013 Directors strongly commend theChair\u2019s diligence, openness, Board preparation, knowledge of the business and positive relationship with the Chief Executive Officer.They also highlight his skill in strengthening individual Director performance through coaching and feedback, which he provides in real-time via his regular contact with allDirectors between meetings, rather than awaiting the formal annual process, which many found profiled him as the best Chair of their Non-executive Director careers. On the improvement side, Directors relayed to the Chair the organisational feedback they had received regarding the Chair\u2019s suggestions or questions to the business sometimes being misinterpreted as instruction requiring specifically responsive extra work versus simply provoking thought or deepening Board understanding which was recognised asthelikely actual intention. ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1919": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1919, + "paragraph": "A few Directors also queried whether deliberations on certain Board decisions could have been brought forward wherefeasible. The Chair fully accepted the feedback and agreed toreflect and act upon it.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1920": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1920, + "paragraph": "BOARD ACTIVITIES A rolling Board agenda is reviewed at Board meetings, providing effective forward management of meetings and focused discussions. The agenda for each Board meeting includes a number of regular and important items, including reports from the Chief Executive Officer, the Chief Financial Officer, other Executive Committee members and from each Board Committees. Further updates are provided from the various business functions and other key functions, including Investor Relations; Health and Safety, Security and Environment; HR; and Legal, as well as the Company Secretary. The Board also considers and approves the quarterly, half-year and full-year financial results and dividend announcements and, at most meetings, considers investment, divestment and/or financing proposals.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1921": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1921, + "paragraph": "To enable purposeful debates and/or focus on particular aspects of agenda topics, including the impact on key stakeholders, Directors have an opportunity to specify information they require to be provided in advance of Board meetings. ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1922": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1922, + "paragraph": "As in previous years, certain Board Committees and Non-executive Directors conducted site visits of various Shell operations and overseas offices. These visits were designed to provide Directors with first-hand insights into certain key portfolio positions. Directors also held various workforce engagements inthese locations, as well as external stakeholder engagements, wherefeasible.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1923": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1923, + "paragraph": "Some of the activities and areas of Board focus from the year, and where not described in further detail elsewhere in this Report, are summarised in the table below.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1924": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1924, + "paragraph": " \u25a0 Frequent updates on activity occurring within industries and political environments in which Shelloperates. Employees/Workforce/Pensioners ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1925": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1925, + "paragraph": " Regulators/Governments/NGOs ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1926": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1926, + "paragraph": " Suppliers/Strategic Partners", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1927": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1927, + "paragraph": "Discussion/Activity/Updates included", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1928": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1928, + "paragraph": "Topic Strategy and management Management Day", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1929": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1929, + "paragraph": " \u25a0 Reviewed and discuss the communications ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1930": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1930, + "paragraph": "forthe2019 Management Day;", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1931": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1931, + "paragraph": " \u25a0 Reviewed and discussed Messaging to clarify ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1932": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1932, + "paragraph": "Shell\u2019s Net Carbon Footprintambition; and \u25a0 Considered trading, capital efficiency and ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1933": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1933, + "paragraph": "supplychain management.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1934": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1934, + "paragraph": "Examples of Outcome/Progress", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1935": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1935, + "paragraph": " \u25a0 Considered feedback from the investor community regarding progress towards aworld-class investment case; and", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1936": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1936, + "paragraph": " \u25a0 Feedback from investors on sustainability ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1937": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1937, + "paragraph": "ofmedium-term growth potential.", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1938": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1938, + "paragraph": "Stakeholders considered ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1939": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1939, + "paragraph": " \u25a0 Considered potential risks and mitigation, ", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1940": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1940, + "paragraph": "External business environment", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + }, + "1941": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1941, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 123, + "start_index_page": 1914, + "last_index_page": 1941 + } + }, + "124": { + "1942": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1942, + "paragraph": "Examples of Outcome/Progress", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1943": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1943, + "paragraph": "Stakeholders considered ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1944": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1944, + "paragraph": "Discussion/Activity/Updates included", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1945": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1945, + "paragraph": "Topic Risk management and internal controls Safety and Environment", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1946": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1946, + "paragraph": "In addition to regular updates from Management on health, safety, security and the environment, each Board meeting begins with a reflection or anecdote from a Director or Executive Committee member on the topic of values and/or safety. ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1947": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1947, + "paragraph": "Risk management and internal control", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1948": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1948, + "paragraph": " \u25a0 Review Risk Report, covering external trends, ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1949": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1949, + "paragraph": "proposed changes to the Group\u2019s strategic andoperational risks and deeper analysis oftheConduct Risk Register.", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1950": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1950, + "paragraph": "Board membership and other appointments Board membership, other appointments Talent overview and senior succession review", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1951": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1951, + "paragraph": " \u25a0 Directors\u2019 tenure, external commitments, conflicts ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1952": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1952, + "paragraph": "ofinterests and succession planning.", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1953": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1953, + "paragraph": " \u25a0 RDS Senior Succession and Resourcing Review ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1954": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1954, + "paragraph": "covering Executive Director and Executive Committee (EC)succession, EC direct reports andthe seniorexecutive group.", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1955": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1955, + "paragraph": "In Board meetings, Directors use learnings gained outside Shell to provide perspective and diversity of thought to Board discussions. At times, the Executive Directors have also provided practical commentary and examples of how safety has permeated Shell culture.", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1956": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1956, + "paragraph": " \u25a0 Policy for approving external commitments. \u25a0 Non-executive Director appointments and ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1957": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1957, + "paragraph": "changes to Committee membership. \u25a0 Enhanced insight of Shell talent and ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1958": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1958, + "paragraph": " \u25a0 Assurance of robust succession and ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1959": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1959, + "paragraph": "Remuneration Committee updates Remuneration and reward matters", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1960": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1960, + "paragraph": " \u25a0 Reporting and society opinions on executive pay, ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1961": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1961, + "paragraph": "implementation of UK Shareholder Rights Directive, AGM reflections, Remuneration Policy.", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1962": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1962, + "paragraph": " \u25a0 The Remuneration Committee accelerated a planned 2020 policy change which would withdraw element of CEO and CFO bonuses, making these effective from 2019, following consideration of the views of proxy voting firms and other key stakeholders.", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1963": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1963, + "paragraph": "Corporate governance matters Distributions to shareholders", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1964": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1964, + "paragraph": " \u25a0 Reviewed dividend payment process in conjunctionwith strategic ambition of world-classinvestment case; and", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1965": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1965, + "paragraph": " \u25a0 Discussed the dividend payments that had ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1966": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1966, + "paragraph": "remained unclaimed by shareholders for aperiodof more than twelve years.", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1967": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1967, + "paragraph": " \u25a0 Streamlining the dividend payment process ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1968": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1968, + "paragraph": "byintroducing a US dollar option and moving tofullyelectronic settlement in US dollars, eurosandsterling; and", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1969": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1969, + "paragraph": " \u25a0 Agreed that the payments discussed should ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1970": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1970, + "paragraph": "beforfeited (as per the Articles), and donated toTheShell Foundation. ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1971": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1971, + "paragraph": " \u25a0 Ethics and compliance, including how to continue ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1972": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1972, + "paragraph": " \u25a0 HR strategy on senior succession and regulatory/", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1973": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1973, + "paragraph": "tobuild a strong corporate culture; ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1974": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1974, + "paragraph": " \u25a0 Senior management succession and corporate ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1975": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1975, + "paragraph": "legislative disclosures approved; and", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1976": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1976, + "paragraph": " \u25a0 New requirements outlined in the Code were ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1977": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1977, + "paragraph": "governance developments;", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1978": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1978, + "paragraph": " \u25a0 Modern Slavery Statement and assurance; \u25a0 TheCode, changes to process and reporting; \u25a0 Other regulatory and legislative requirements; and \u25a0 Review and assessment of Shell\u2019s governance ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1979": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1979, + "paragraph": "practices against the new Code. Employees/Workforce/Pensioners ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1980": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1980, + "paragraph": " Regulators/Governments/NGOs ", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1981": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1981, + "paragraph": " Suppliers/Strategic Partners", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + }, + "1982": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1982, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 124, + "start_index_page": 1942, + "last_index_page": 1982 + } + }, + "125": { + "1983": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1983, + "paragraph": "UNDERSTANDING AND ENGAGING WITH OUR STAKEHOLDERS", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1984": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1984, + "paragraph": "Shell\u2019s commitment to public collaboration and stakeholder engagement is inherent in our three strategic ambitions, most notably in our ambitions to thrive through the energy transition and sustain a strong societal licence to operate. Understanding the views and interests of our key stakeholders is important to the Board, and the Directors have taken steps to consider stakeholders\u2019 views in Board discussions and decision-making, as described on page 121. In addition to direct Board engagement, significant levels of engagement are undertaken by the broader business ahead of many of Shell projects or activities. This engagement is often governed by formulated policies, control frameworks, regulation, legislation and may differ by region.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1985": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1985, + "paragraph": "We have categorised our key stakeholders into six groups. Where appropriate, each group is considered to include both current and potential stakeholders. Shell stakeholders include: Investor Community, Employees/Workforce/Pensioners, Regulators/Governments/NGOs, Communities, Customers and Suppliers/Strategic Partners. ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1986": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1986, + "paragraph": "Site visits The Chair, certain Board Committees and Non-executive Directors conduct site visits of various Shell operations and overseas offices. Thesevisits are designed to provide Directors with first-hand insights into portfolio positions. Directors also held various workforce engagements inthese locations, as well as external stakeholder engagements. ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1987": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1987, + "paragraph": "New Energies, the Energy Transition and the Shell PowerStrategy During 2019, the Board visited the USA (Colorado and California) and SESCo visited operations in Singapore to gain a better understanding of Shell businesses in these countries and elements of the energy transition. The visits included engagements with different internal and external stakeholders and interest groups which provided the Directors with multiple perspectives and considerations on the energy transition includingthe impact on communities, companies and Shell itself.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1988": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1988, + "paragraph": "Shareholders The Board recognises the importance of two-way communication with theCompany\u2019s shareholders. The Chair, the Deputy Chair and Senior Independent Director, the Chief Executive Officer, the Chief Financial ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1989": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1989, + "paragraph": "Officer and the Executive Vice President Investor Relations each meet regularly with major shareholders and report the views of such shareholders to the Board. Committee Chairs also seek engagement with shareholders on significant matters related to their areas of responsibility. Over the year, theChair met with 76 major shareholders including at roadshows. The Deputy Chair, Senior Independent Director and Remuneration Chair metwith 70 shareholdersover the course of the year. A variety of topicswere discussed.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1990": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1990, + "paragraph": "Shareholders can also contact the Company directly via a dedicated email address or via dedicated shareholder telephone numbers, provided on the inside back cover of this report. Shell\u2019swebsite also contains information for institutional and retail shareholders alike.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1991": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1991, + "paragraph": "The Company\u2019s registrar operates an internet access facility forregistered shareholders, providing details of their shareholdings. Facilities are also provided for shareholders to lodge proxy appointments electronically. The Corporate Nominee service, facilitated by Equiniti, provides a facility for investors to hold theirsharesinthe Company in paperless form.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1992": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1992, + "paragraph": "Board Governance Event In the past, the Board has held a governance event, \u201cBoard EngagementDay\u201d that is attended by Directors including the Chair, Senior Independent Director, Audit Committee Chair and SESCo Chair. This isabiennial event providing investors with an overview of the Board\u2019s roles, activities and its key focus areas including stakeholder engagement. The last event was in December 2018. The event covered topics relevant to the Code including stakeholder engagement expectations, Chair tenure and diversity and inclusion on the Board and in thesenior management talent pipeline. Attendees could also provide feedback to Directors via a question and answer session, and also informally over refreshments after the event. Thenext event is scheduled for the latter part of 2020.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1993": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1993, + "paragraph": "The table below further demonstrates examples of various ways in whichthe Board or others (providing feedback to the Board) engaged with stakeholders during 2019. Further insight on our engagement with stakeholders can be found within our Sustainability Report and our report on payments to governments, scheduled for publication in April 2020.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1994": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1994, + "paragraph": "Engagement before event Annual General Meeting in the Netherlands & Annual shareholder presentationin London [A] Directors engaged with investors ahead of the event on a number of matters, including those being voted on at the AGM.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1995": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1995, + "paragraph": "As well as the Company giving a balanced report of results and progress at each AGM, all shareholders had an opportunity to ask questions in person. Shareholders also engaged with Directors prior to and after the formal business of the AGM and informally over refreshments.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1996": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1996, + "paragraph": "A separate engagement not part of the AGM was provided in the UK. Shareholders (predominantly retail investors) heard about the Company\u2019s progress and asked questions in person. ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1997": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1997, + "paragraph": "The Responsible Investment Annual Briefing [B] Directors engaged with investors ahead of the event on a number of matters, including the agenda, which was based on topics of interest. Additional speakers from outside Shell, NGOs and charities also invited. Engagement with three leading climate scientists The Board continued to commit time to this topic throughout the year. The Chair engaged with presenters in preparation for theBoard engagement.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1998": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1998, + "paragraph": "The addition of non-Shell speakers added an interesting perspective and dimension to the presentations and discussions which covered our three strategic ambitions in the context of sustainable development. The speakers included representatives from the Human Rights & Business Initiative, the International Union for the Conservation of Nature, and the World Business Council of Sustainable Development. This event also served as an excellent opportunity to hear from investors and other stakeholders on Environmental, Social and Governance issues which is gaining prominence as a topic amongst the stakeholder community.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "1999": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 1999, + "paragraph": "This engagement increased the Board\u2019s and the Executive Committee\u2019s understanding of the underlying science of climate change and helped provide a clearer understanding of this key driver of the energy transition. The engagement included presentations from the scientists and the discussions/presentations: \u25a0 were valuable to leaders that are not deep into the science but are charged with navigating the ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2000": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2000, + "paragraph": " \u25a0 built further foundations for future updates as the world\u2019s understanding of the science advances ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2001": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2001, + "paragraph": " \u25a0 described key scientific discovery that is underway that could impact actions by governments, ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2002": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2002, + "paragraph": "andsuggests the best sources of information;", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2003": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2003, + "paragraph": "business and the population overall; and ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2004": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2004, + "paragraph": " \u25a0 included subjects that often do not make the popular press coverage butcould be important to ", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2005": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2005, + "paragraph": "Engagement following event", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2006": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2006, + "paragraph": "A number of additional engagements including follow-up meetings and answering of queries.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2007": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2007, + "paragraph": "Following the event, there were a number of additional engagements including follow-up meetings and presentations withstakeholders.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2008": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2008, + "paragraph": "The Board recognises the significance and importance of this topic to all stakeholders and Shell\u2019s business operations, both now and in the future. The Board reflected on and used learnings from the session as background considering short-term and future investment/divestment decisions, financial and operational plans.", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + }, + "2009": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2009, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 125, + "start_index_page": 1983, + "last_index_page": 2009 + } + }, + "126": { + "2010": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2010, + "paragraph": "Engagement before event MD19 [C] The Board reviewed and approved the Management Day2019 (MD19) material and outlook and provided feedback to the CEO and CFO. Remuneration Committee Chair address A number of calls with proxy voting agencies and investors toengage on potential Remuneration Policy changes.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2011": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2011, + "paragraph": "Engaged with investors on the progress of delivery of Shell\u2019s 2020 outlook and plans for positioningthe Company for the future of energy, into the nextyear and further. The session also included presentations by business Directors and ahigh-level \u201cquestion and answer\u201d session. Investors were also provided withopportunities to pose detailed business-specific questions in \u201cbusiness breakout panels\u201d.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2012": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2012, + "paragraph": "The Chair of the Remuneration Committee/Senior Independent Director provided an update on remuneration and theCompany\u2019s policy via a video published on the Shell website. He had met and engaged with major investors during a roadshow conducted in November 2019, around choices to be made as part of the 2020 Remuneration Policy update including proposed changes, use of discretionary measures and energy transition in remuneration.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2013": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2013, + "paragraph": "The Chair of the Board provided an update on the governance of Shell and key investors had opportunities to ask questions to the Chair. Key topics included governance, remuneration, energytransition and business outlook.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2014": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2014, + "paragraph": "Chair Roadshow A number of preparation meetings were held to provide insight into key topicsof interest tothe investor community. Board visits to Colorado and California The Board provided guidance to the planning team ahead of the visit to formulate the agenda and ensure that key areas of interest were covered. Audit Committee visit to the finance operations centre in Chennai and the IT Hub in Bangalore Discussions were held with Audit Committee members ahead of the visit to formulate the agenda and ensure that key areas of interest were covered.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2015": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2015, + "paragraph": "In addition to engagements with various different stakeholders and external experts, the Board metwith academics, policy and business leader members of the External Advisory Board, which wasestablished to provide the business with external perspectives in Power and Mobility domains. The Board also visited the National Renewable Energy Laboratory to witness the science and engineering of energy efficiency, sustainable transportation and renewable power technologies. Directors also met with employees and local stakeholders including government representatives, partners and start-ups which Shell has invested in.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2016": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2016, + "paragraph": "Chennai and Bangalore \u2013 Engagements covered presentations from a number of individuals from various parts of the business, on matters such as data analytics and engineering, market risk, reporting and analysis and centres of excellence, digitalisation, and the context of the IT hub, local collaboration with Shell retail operations, process automation and how the business contributes to Shell\u2019s overall strategy on digitalisation. Further, the Committee received an overview of the Shell India Diversity and Inclusion Network, and spent time with the women\u2019s network, senior leaders andlocal employees.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2017": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2017, + "paragraph": "Engagement following event", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2018": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2018, + "paragraph": "Roadshows with Executive Committee Members were heldinLondon and theUS.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2019": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2019, + "paragraph": "Investors were able to liaise with the Board and discuss their views and opinions; these views were shared with the REMCO, Board and the Chief HR & Corporate Officer to further formulate the policy.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2020": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2020, + "paragraph": "Investors were able to engage withthe Chair and there was alsosubsequent dialogue with Investor Relations.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2021": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2021, + "paragraph": "The Committee gained an understanding of the operations and met with thelocal teams in both regions, gaining a deeper understanding of thedifferent processes and challenges the business anditsworkforce faces.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2022": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2022, + "paragraph": "SESCo visit to Singapore Discussions were held with the SESCo Committee members ahead of the visit to formulate the agenda and ensure that key areas of interest were covered. Director Visits included Discussions were held with therespective Directors ahead of the visit to formulate the agenda and ensure thatkey areas of interest werecovered.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2023": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2023, + "paragraph": "The Committee met and engaged with a range of representatives from the contractor workforce, communities and social investment partners. Other engagements were held withShell\u2019s partners in the energy transition, a women\u2019s network, government and the WorldBusiness Council for Sustainable Development. The Directors also had lunch with frontline staff and extended leadership team members. Over the course of these various engagements, a range of topics were considered and discussed including process safetyand the environment and societal expectations.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2024": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2024, + "paragraph": "This visit provided Directors with many insights, including Shell\u2019s broad and growing capability indeveloping cleaner energy solutions and the energy transition journey in Singapore.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2025": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2025, + "paragraph": "The visits provided Directors further opportunity to engage with the workforce, and gain a deeper understanding of the business and its operations.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2026": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2026, + "paragraph": "Shell QGC Midstream operations in Queensland, Australia The visit included a site tour of the Control room, the LNG plant and the maintenance centre, providing opportunity to engage with the workforce in each location. The Director also spent timewith the local leadership team, graduates, engineers and others from the broader functions.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2027": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2027, + "paragraph": "Houston The Director attended the Engagement with Emerging Leaders meeting. This is a formal programme established to develop US-based Senior Executive potential talent. The group meets quarterly with the US Country Coordination Team and is led by the US Country Chair. These meetings provide an opportunity forcross-business collaboration and networking. The Director also toured the remote drilling centre and received an update on how technology has been instrumental in delivering continuous improvement, optimisation and standardisation for the drilling of wells. Further, they received an overview of the lubricants business and spent time with global brand managers, marketing and commercial teams.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2028": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2028, + "paragraph": "Permian Basin The Directors received updates from senior leaders, a tour of the central processing facility, drilling rig andother operations.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2029": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2029, + "paragraph": "Shell Energy During their visit, Directors met with Shell Energy CEO and the Executive Team. In addition, Directors toured the offices meeting several teams, including leaders from customer services, customer experience, continuous improvement, and telecommunications where they were able to learn more about recent changes to a customer-centric operating model and growth plans for broadband operations.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2030": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2030, + "paragraph": "[A] The London shareholder meeting was attended by the Chair, CEO and CFO. [B] Attended by the CEO and Chair of the SESCo, along with the Senior Independent Director. [C] Attended by CEO and CFO.", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + }, + "2031": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2031, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 126, + "start_index_page": 2010, + "last_index_page": 2031 + } + }, + "127": { + "2032": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2032, + "paragraph": "Board\u2019s Direct Engagements with the Workforce Informal Engagement Chair lunches are held from time to time with a select cross-section of employees in various regions. The Board has also held an informal drinks/discussion with select cross-section of employees; for example, to meet future leaders and listen to current issues, challenges, concerns and opportunities. ", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2033": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2033, + "paragraph": "Nomination and Succession Committee members meet with various senior leaders and high-potential individuals throughout the year. The Chair has commented that his meetings provide great insight into the Shell culture and our capacity to deliver on our strategy and purpose. He notes that suchdirect engagement provides snapshots of employee perspectives across the various countries and cultures within which Shell operates. Further, he considers thisa helpful method of engaging with high-potential-talent individuals in an informalenvironment. Off-Site Visits People engagements during Board and/or Committee off-sites. Meeting talent/leadership teams Townhall discussions Company Chair engaging with various individuals by attending team meetings Countryvisits (China, India, Japan, Kazakhstan, Kuwait, Malaysia, the Netherlands, Poland, Singapore, UK and USA). Through these more formal engagements, the Chair and other Non-executive Directors (either individually or with their Committees) are able to deepen their understanding of how the Company\u2019s purpose, strategy and values are embedded in particular sites and countries. The benefits are mutual as the Board obtains direct insight into local business operations and projects as well as local strengths and challenges while our people have an opportunity to better understand the Board and provide direct feedback on topics of importance to them, their business or function and/or their location. Employee Network and Related Sessions Conducted by Directors with for example, female Directors engaging with Shell women\u2019s networks. Shell female employees who have engaged with female Directors informally (viadinners or through women networks) credit those engagements for not only providing them Board exposure but also in affording them the opportunity to communicate about gender-specific topics and to learn from established female leaders. Directors involved in these engagements likewise note the opportunity to enrich their understanding of the female perspective within Shell as well as the depth of Shell talent and effectiveness of Shell\u2019s Diversity and Inclusion initiatives. Committee Engagement Key: ", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2034": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2034, + "paragraph": "The publication of the new UK Corporate Governance Code (the \u201cCode\u201d), and The Companies (Miscellaneous Reporting) Regulations 2018, now require companies to report on their engagement with their employees and wider workforce. The Code outlines three suggested workforce engagement approaches. Following an analysis of Shell\u2019s application of the Code in late 2018 and over the course of 2019, the Nomination and Succession Committee (NOMCO) and Board reviewed, considered and discussed Shell Group\u2019s and Board\u2019s existing workforce engagement. Although the Board and NOMCO recognised merit in each of the Code\u2019s workforce engagement mechanism proposals, it noted that boards must consider the size and structure of their business, including its international workforce scope, and select an approach within that context that most practically delivers the underlying spirit and ambition of the Code even ifitis not one of the three prescribed approaches. The Code isalso supportive of alternate methods where an explanation is provided.", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2035": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2035, + "paragraph": "The Code states that its use of the term \u2018workforce\u2019 is not meant to align with legal definitions of workforce, employee, worker or similar terms. However, for a global organisation bound by the laws of more than 70countries, blurring clearly prescribed legal definitions that impact complex issues (such as local HSSE requirements, work contract terms, legal accountability, employment rights) or merging two definitions of thesame term could have notable impact on the business, its operations and its stakeholder relationships (including with suppliers). Therefore, Shellconsiders its workforce to be employees of companies in the Shell Group. However, the Board also engages with others outside of thisgroup (for example, on site visits), and some of this engagement isshared on page122.", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2036": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2036, + "paragraph": "Although our reporting and formal engagement focuses predominantly onour employees, all individuals working on Shell sites (including Shell offices) are required to undertake certain Shell training (for example, HSSE and Code of Conduct-related training). Adhering to the Life SavingRules (HSSE) and the Code of Conduct compliance obligations is included within our contracts with suppliers, and the Shell Global Helpline is available for all workers to report matters of concern. ", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2037": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2037, + "paragraph": "For many years Shell has recognised the importance of engaging withitsworkforce. Engagement is especially important in maintaining strong business delivery in volatile times of change. We therefore strive tomaintain a dialogue between management and our workforce \u2013 bothdirectly and where appropriate, through representative bodies. Management regularly engages with the workforce through a range offormal and informal channels, including via emails from the Chief Executive Officer and other senior executives, webcasts, townhalls, teammeetings, face-to-face gatherings, breakfast briefings, interviews with senior management and online publications via our intranet. ", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2038": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2038, + "paragraph": "The Board considers effective engagement a key element of its understanding of the Company\u2019s ability to create value as it recognises that our people are our greatest asset. Workforce views can help inform the Board on matters such as operational effectiveness, Shell culture, riskidentification and strategy development and delivery.", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2039": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2039, + "paragraph": "The Board considers the current workforce engagement approach effective. The information provided in the table below exemplifies variousmethods of Board engagement.", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + }, + "2040": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2040, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 127, + "start_index_page": 2032, + "last_index_page": 2040 + } + }, + "128": { + "2041": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2041, + "paragraph": "Conduct Risk Dashboard Provides a consolidated overview of statistics on Code of Conduct violations. Riskindicators in the Dashboard are potentially linked to organisational culture. Examples that the Dashboard measures are: the number of terminations as a result of formally investigated Code of Conduct violations, and the number of overdues onmandatory Ethics & Compliance training. A further update on positive culture and identity leadership is scheduled to be provided, along with an update on conduct risk, to the Board and relevant BoardCommitteesin 2020. Speaking Up in Shell Data and insights are provided from the Global Helpline, Shell Ethics & ComplianceOrganisation and the Shell People Survey. The SESCo endorsed the recommendations with focus on how Speaking Up supports a caring organisation and encourages staff to come forward to raise aconcern in good faith. The Audit Committee is kept updated when matters highlighted through the Global Helpline are investigated, and on the associated remediations. For more information please see page 133 within the Audit Committee report. Assurance activities Assurance activities, including items raised by Businesses and Functions (through theGroup Assurance Letters Process) and independent assurance (from Internal Audit, HSSE, Ethics and Compliance, Reserves Assurance and Reporting), provide additional comfort to the Board of the commitment to high standards of risk management and internal control. The assurance activities ensure that work canbedone safely, within regulatory frameworks. The information provided within these reports further support the Board\u2019s annualreview of the effectiveness of the Group\u2019s system of risk management andinternal control and feed into the Group Scorecard, which staff bonuses arecalculated against. Other The Board receives updates on other specific topics. For example, to inform the Board\u2019s focus on enhancing ethical leadership and assuring ethical decision-making in the organisation it received updates on the roll out of the Ethical Leadership Expectations Programme (ELEP). To better understand the success of the ELEP as reported to the Board, the Chair and the SESCo Chair attended a three-hour ELEP session themselves alongside Shell senior executives. The Chair and SESCo Chair shared feedback from the session inthe January 2019 Board meeting with each commending the programme for authentically promoting open and meaningful dialogue and shared learnings ontheCompany\u2019s values and leadership behaviours as well as on the practical dilemmas and business pressures confronting Shell leadership within those topics. Committee Engagement Key: ", + "page": 128, + "start_index_page": 2041, + "last_index_page": 2044 + }, + "2042": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2042, + "paragraph": "Formal reports and information updates to the Board Shell People Survey (anonymous survey facilitated externally) Annual Board discussion to keep it fully apprised of employee engagement levels andquality of leadership across Shell\u2019s workforce, as well as a broad range of subjects including collaboration, working conditions, the job, people development, reputation, benefits and rewards,diversity and inclusion, operational excellence, and responsible business. The Board considers the Shell People Survey one of its principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. Itprovides insights into employee views and has a consistently high response rate. In2019, the response rate was 85.5%, which was an increase of 3.5% compared to2018. The average employee engagement score was 78 points out of 100, anincrease of one point compared to 2018, and among leading results across arangeofindustries. ", + "page": 128, + "start_index_page": 2041, + "last_index_page": 2044 + }, + "2043": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2043, + "paragraph": "The Board also utilises this engagement to, for example, understand how Shell isleveraging the survey outcomes in: i) data analytics, for example, to identify potential correlative relationships between employee engagement and safety or ethics & compliance incidents; and ii) strengthening Company culture and values. Senior Succession Resourcing Review The annual Senior Succession and Resourcing Review focused on the strength of senior leadership and plans for its development and succession, while highlighting the breadth, depth and diversity of its pipeline, the developing profile of the leadership cadre, and recruitment and attrition levels. The Nomination and Succession Committee noted the disciplined approach to succession planning and execution, the holistic view taken of leadership and the high levels of information and transparency underpinning it. It particularly noted improved focus on performance and on the talent pipeline of high potential individuals beyond just senior management levels. Along with the results of the annual Shell People Survey, it provided a deeper understanding of culture, leadership talent and the strong levels of employee engagement across thebusiness. Assessment of key trends and material incidents Presented by Chief Ethics & Compliance Officer. This is based on the established channels for staff and others to file complaints or report on suspected breaches inrelation to the Shell General Business Principles (SGBP), the Code of Conduct orany breaches of law or regulations, including accounting control and auditingconcerns. The update covers Shell employees and our wider stakeholder base. The Board (including via the Audit Committee and SESCo) obtains insight into incidents and on reporting levels and remediation which provide indicators of conduct risks and, together with the related Board reports noted below, of the strength of embedding and awareness of the Code of Conduct and SGBP obligations and employees\u2019 comfort levels in raising incidents. The Shell Control Framework Significant HSSE, Ethics and Compliance, and more broadly, business control incidents are brought to the attention of senior management and Board through regular reporting. The Board discussed how the organisation could learn more from incidents and howthe business could drive safety performance to the next level. The Board requested additional information on incidents from both Shell operated and non-operated ventures and a greater visibility of incidents and investigations.", + "page": 128, + "start_index_page": 2041, + "last_index_page": 2044 + }, + "2044": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2044, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 128, + "start_index_page": 2041, + "last_index_page": 2044 + } + }, + "129": { + "2045": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2045, + "paragraph": "NOMINATION AND SUCCESSION COMMITTEE", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2046": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2046, + "paragraph": "PURPOSE The Nomination and Succession Committee (the \u201cCommittee\u201d) leads theprocess for appointments to the Board and Senior Management [A] positions, ensures plans are in place for orderly, well planned succession, and oversees the development of a diverse succession pipeline of candidates. Further, it reviews the Company\u2019s policy and strategy on diversity and inclusion, and monitors the effectiveness of diversity initiatives. It makes recommendations to the Board on corporate governance guidelines, as referred to in the Chair\u2019s statement. [A] \u201dSenior management\u201d refers to the Executive Committee and the Company Secretary.", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2047": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2047, + "paragraph": "TALENT MANAGEMENT AND SUCCESSION The Committee manages Board and Senior Management succession against clear and agreed selection principles. For Non-executive Director succession, the Committee adopted in January 2019 a set of revised Principles for the Strategic Composition of the Board. The principles include both quantitative and qualitative principles, considering both: (i) the overall Board composition and diversity of gender, nationality, background experience and skillsets desired that align with the Company\u2019s strategy and purpose; and (ii) the values, attitudes, and behaviours expected. For Senior Management succession, the principles include process-specific principles, including the identification and development of succession candidates and the long-term nature of the succession planning process. Each Committee meeting includes both sets of principles and, utilising those, the Committee executes changes through a well-defined and diligent process with overall Board engagement. The Committee agrees candidate profiles and meets prospective candidates well ahead of any selection decision being necessary. It also engages the Board early in the process to ensure all Directors have an opportunity to meet and assess prospective candidates. Consequently, some of the leaders whom the Committee and Board have engaged with extensively in the past are now members of the Board or the Executive Committee.", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2048": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2048, + "paragraph": "The Committee maintains short, medium and long-term succession plans,and thus an overview of potential candidates multiple years aheadIt oversees a continuous and proactive process of planning, review,engagement and assessment, taking into account the strategic priorities and main factors affecting the long-term success and future ofthe Company and the associated diversity, skillsets and breadth ofperspectives needed to help achieve that in the evolving businessenvironment. ", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2049": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2049, + "paragraph": "The Committee is fully engaged with the broader senior succession andresourcing across Shell, and with the overall end-to-end approach totalent management that is adopted. This ranges from recruitment to leadership identification and from leadership development to leadership appointment, all of which are underpinned by talent priorities and a commitment to advancing Diversity and Inclusion.", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2050": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2050, + "paragraph": "Diversity of leadership Female representation has steadily improved in recent years. Amongst overall recruitment, Shell companies consistently recruit 40% females, andamongst graduates this is approaching 50%. Female representation in the top 1,400 roles (\u201cSenior Leadership\u201d positions) has been raised by 2.4 percentage points during 2019 to 26.4%, and further improvement is actively pursued. Nationality diversity, such as Asian and American talent, continues to advance in a manner reflective of the business outlook. Senior Leadership is a Shell measure and different from that which we are required to report under the Code, being female representation in Senior Management and their direct reports, where the percentage is 28.9%.", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2051": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2051, + "paragraph": "CHAD HOLLIDAY Chair of the Nomination and Succession Committee", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2052": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2052, + "paragraph": " \u25a0 Appointment of two new Executive Committee members \u25a0 Appointment of new Non-executive Director and continued ", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2053": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2053, + "paragraph": "discussion on Non-executive Director succession", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2054": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2054, + "paragraph": " \u25a0 Appointment and onboarding of new Non-executive Directors \u25a0 Continued discussions on Non-executive Director, and Executive ", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2055": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2055, + "paragraph": "COMMITTEE ATTENDANCE FOR 2019", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2056": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2056, + "paragraph": "Committee member Member since Chad Holliday (Chair) May 19, 2015 Euleen Goh Gerard Kleisterlee Linda Stuntz", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2057": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2057, + "paragraph": "July 1, 2019 May 23, 2018 June 1, 2016", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2058": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2058, + "paragraph": "Maximum possible meetings 5 3 5 5", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2059": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2059, + "paragraph": "Number of meetings attended 5 3 5 5", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2060": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2060, + "paragraph": "% of meetings attended 100% 100% 100% 100%", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2061": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2061, + "paragraph": "\u201cWe know we play a crucial role today in selecting those who make the future of Shell. The recognition of that responsibility not only humbles us but also drives our passion to entrustthat future into the hands and hearts ofthose that will safeguard and grow it.\u201d CHAD HOLLIDAY Chair", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + }, + "2062": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2062, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 129, + "start_index_page": 2045, + "last_index_page": 2062 + } + }, + "130": { + "2063": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2063, + "paragraph": "The Committee recognises that improving diversity at each level across theShell Group is crucial, and therefore takes an active role in reviewing diversity objectives and strategies for the group as a whole, and monitoring the impact of diversity and inclusion initiatives. ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2064": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2064, + "paragraph": "More information on diversity within Shell is included within the Our People section on page 99.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2065": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2065, + "paragraph": "Committee Activity In addition to its considerations regarding succession, the Committee made recommendations on corporate governance guidelines, monitored compliance with corporate governance requirements and made recommendations on disclosures connected with corporate governance. The Committee continues to monitor and review this area, as well as consider whether and how current Company governance matters should be strengthened. Further insight on some of the Committee\u2019s areas of consideration in 2019 is provided below.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2066": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2066, + "paragraph": "Topic of discussion/Example of Board activity", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2067": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2067, + "paragraph": "Review and oversight Oversight", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2068": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2068, + "paragraph": "Governance Governing the Board and its committees", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2069": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2069, + "paragraph": "Regulation, legislation and othergovernance- related guidance", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2070": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2070, + "paragraph": " \u25a0 Appointment of Neil Carson to the Board; and \u25a0 Changes to the composition of the Board committees. \u25a0 Royal Dutch Shell Senior Succession Resourcing review.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2071": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2071, + "paragraph": " \u25a0 Appointment of Wael Sawan as Upstream Director ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2072": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2072, + "paragraph": "(replacing Andrew Brown); and", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2073": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2073, + "paragraph": " \u25a0 Appointment of Huibert Vigeveno as Downstream ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2074": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2074, + "paragraph": "Director(replacing John Abbott).", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2075": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2075, + "paragraph": "Topic of discussion/ Example of Board activity \u25a0 Reviewed its Principles for the Strategic Composition of ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2076": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2076, + "paragraph": " \u25a0 Updated its Terms of Reference, and reviewed changes ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2077": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2077, + "paragraph": "proposed to the Terms of Reference for other Committees and the Matters Reserved for the Board.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2078": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2078, + "paragraph": " \u25a0 Alignment to the recommendations withinthe 2018 UK ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2079": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2079, + "paragraph": "Corporate Governance Code;", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2080": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2080, + "paragraph": " \u25a0 Key governance matters impacting the Company\u2019s ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2081": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2081, + "paragraph": " \u25a0 Other governance and regulatory changes agreed or proposed and their impact or potential impact on the Company, its processes and its reporting.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2082": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2082, + "paragraph": " \u25a0 Considered any potential conflicts of interest and the ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2083": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2083, + "paragraph": "independence of the Non-executive Directors;", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2084": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2084, + "paragraph": " \u25a0 Determined who would undertake the 2019 External Board ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2085": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2085, + "paragraph": " \u25a0 Reviewed the proposed changes to the Company\u2019s Articles ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2086": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2086, + "paragraph": "of Association, subsequently approved by shareholders atthe 2019 AGM; and", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2087": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2087, + "paragraph": " \u25a0 Reviewed changes proposed to the dividend payment ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2088": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2088, + "paragraph": "process (announced December 2019).", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2089": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2089, + "paragraph": "[A] The Committee was assisted during the year by Russell Reynolds Associates (\u201cRussell ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2090": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2090, + "paragraph": "Reynolds\u201d), an external global search company whose main role was to propose suitable candidates. Russell Reynolds does not have any connection with the Company other than thatof search consultants. The Chair does not participate in discussions regarding his own succession. Russell Reynolds isasignatory to The Voluntary Code of Conduct for Executive Search Firms which aims to improve board diversity.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2091": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2091, + "paragraph": "Director Induction and Training Following Board appointment, Directors receive a comprehensive induction tailored to their individual needs. This includes site visits andmeetings with senior management to enable them to build up adetailed understanding of Shell\u2019s business and strategy, and the keyrisksand issues that Shell faces.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2092": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2092, + "paragraph": "As part of the Board evaluation, director induction was a discussion topic.Directors commented positively on the induction programme and reported that it is comprehensive, well-organised and fully in line with theirexpectations. Directors shared that they have been able not only to benefit from a comprehensive programme of meetings but also to steer the programme towards their own personal interests and information needs. ", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2093": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2093, + "paragraph": "Some of the areas Neil Carson\u2019s induction has covered are providedbelow:", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2094": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2094, + "paragraph": "Company Operations and Strategy, including: Strategy & Portfolio; Integrated Gas and New Energies; Downstream, including Chemicals, Retail and Global Commercial; Upstream; and Projects and Technology. Time was spent with the EC members managing these operations and senior leaders from the operations. Further, updates were provided with regard to the internal governance process, the Shell Control Framework, the Board\u2019s calendar, minutes from earlier meetings, Companyperformance, operating plans and key business relationships.Neil also met with the Chief Internal Auditor.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2095": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2095, + "paragraph": "The environment in which we operate, including: Engagements were held with the Chief Ethics and Compliance Officer, Safety and Environment and senior leaders from the Sustainability Strategy team, and the Global Business Environment team, which is best known for developing forward-looking scenarios to support strategic thinking and direction-setting. Time was also spent with senior leaders from Investor Relations and Group Reporting and the Chief Human Resources and Corporate Director, the Legal Director and the CompanySecretary.", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2096": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2096, + "paragraph": "Feedback on Board induction \u201cGiven the complexity of the business, I believethat Director induction takes at least ayear. Thesessions with people in thebusiness benefit from being gradually phased and aidthe absorption of information. Site visits areincredibly helpful andcan be utilised toagreater extent in the early stages of theprogramme.\u201d NEIL CARSON Non-executive Director", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + }, + "2097": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2097, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 130, + "start_index_page": 2063, + "last_index_page": 2097 + } + }, + "131": { + "2098": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2098, + "paragraph": "SAFETY, ENVIRONMENT AND SUSTAINABILITY COMMITTEE", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2099": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2099, + "paragraph": "PURPOSE The Committee assists the Board in reviewing the practices and performance of the Shell Group of companies, primarily with respect toSafety, Environment including Climate Change, and Sustainability.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2100": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2100, + "paragraph": "OVERVIEW The Committee assesses Shell\u2019s overall sustainability performance andprovides input into Shell\u2019s annual reporting anddisclosures on sustainability. Italso advises the Remuneration Committee on metrics relating tosustainable development and energy transition that apply tothe Executive Committeescorecard and incentiveprogramme.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2101": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2101, + "paragraph": "The Committee also endorses Shell\u2019s annual HSSE&SP assurance plan and reviews execution of the plan and audit outcomes.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2102": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2102, + "paragraph": "In addition, it reviews and considers external stakeholder perspectives inrelation to Shell\u2019s business, and reviews how Shell addresses issues ofpublic concern that could affect its reputation and licence to operate. Examples include plastic waste, human rights, and ethical conduct andculture. ", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2103": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2103, + "paragraph": "In line with the strategic importance of the Committee\u2019s agenda, the Chairand the Chief Executive Officer regularly attend the Committee meetings for discussions on specific topics. The Committee appreciated the assistance throughout the year from the Projects & Technology Business Director, Harry Brekelmans, who continues to be a strong champion for sustainability within Shell. ", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2104": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2104, + "paragraph": "The overall accountability for sustainability within Shell is with the Chief Executive Officer and the Executive Committee. They are assisted by the HSSE&SP executive team.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2105": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2105, + "paragraph": "ACTIVITIES During 2019 the Committee reviewed its purpose and updated its terms ofreference to ensure it focuses on the areas of most strategic importance to Shell.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2106": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2106, + "paragraph": "It met regularly to review and discuss a range of prioritised topics. These included the safe and responsible operation of Shell\u2019s facilities, environmental protection and greenhouse gas emissions, major incidents that impact safety and environmental performance, progress towards meeting Shell\u2019s Net Carbon Footprint Ambition and short-term targets, and climate change and the energy transition. ", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2107": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2107, + "paragraph": "The topics discussed in greater depth included personal and process safety, Shell\u2019s Net Carbon Footprint Ambition and the energy transition, and Shell\u2019s ethics programme. The Committee also reviewed Shell companies\u2019 operations and the challenges faced in Nigeria. ", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2108": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2108, + "paragraph": "SITE VISITS One major site visit was conducted in 2019, which was to Singapore. Overthree days the Committee met with Shell employees, staff, contractors, Government officials, local community leaders, and representatives from local non-governmental organisations to gain a deeper understanding of Shell\u2019s business in Singapore. The Committee visited refinery operations at Palau Bukom and chemicals operations atJurong Island, and reviewed Shell\u2019s developing New Energies businesses in the country. ", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2109": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2109, + "paragraph": "SIR NIGEL SHEINWALD GCMG Chair of the Safety, Environment and Sustainability Committee", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2110": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2110, + "paragraph": "COMMITTEE ATTENDANCE FOR 2019", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2111": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2111, + "paragraph": "Committee Member Sir Nigel Sheinwald (Chairof the Committee) Neil Carson [A] Catherine J. Hughes Linda Stuntz [A] Neil Carson was unable to attend the Committee meeting in October 2019 due to an ", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2112": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2112, + "paragraph": "July 1, 2012 June 1, 2019 November 1, 2017 May 23, 2018", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2113": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2113, + "paragraph": "immovable commitment which was scheduled prior to him joining the Shell Board.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2114": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2114, + "paragraph": "Maximum possible meetings", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2115": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2115, + "paragraph": "Number of meetings attended", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2116": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2116, + "paragraph": "HIGHLIGHTS OF 2019 During 2019, we reviewed the purpose of the Committee and transitionedfrom the Corporate and Social Responsibility Committee tobecome the Safety, Environment and Sustainability Committee (the \u201cCommittee\u201d). This sharpened focus will allow the Committee to play amore influential role in overseeing the practices and performance oftheCompany with respectto safety, environment including climatechange,and broadersustainability issues.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2117": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2117, + "paragraph": "FOCUS FOR 2020 In 2020, the Committee will continue with the sharpened focus areas established last year. The Committee will use site visits to examine Shell\u2019s approach and performance across these focus areas. The Committee will also review Shell\u2019s response to developments regarding climate change and the energy transition.", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + }, + "2118": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2118, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 131, + "start_index_page": 2098, + "last_index_page": 2118 + } + }, + "132": { + "2119": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2119, + "paragraph": "ANN GODBEHERE Chair of the Audit Committee ", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2120": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2120, + "paragraph": " \u25a0 First-year application of IFRS 16 Leases \u25a0 Shell\u2019s Trading and Supply Control Framework \u25a0 Net Carbon Footprint Assurance and Reporting Framework \u25a0 Oil and Gas Reserves Control Framework", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2121": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2121, + "paragraph": "Integrated Risk Management", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2122": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2122, + "paragraph": " \u25a0 New Business Models and Ventures \u25a0 Pensions", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2123": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2123, + "paragraph": "\u201cThe primary role of the AC is toassist the Board in fulfilling its oversight responsibilities in areas such as the integrity of financial reporting, the effectiveness of therisk management framework and internal control system as wellas consideration of compliance matters.\u201d", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2124": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2124, + "paragraph": "I am pleased to present our Audit Committee Report for 2019, having assumed chairmanship of the Audit Committee (AC) when Euleen Goh stepped down in June of last year. ", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2125": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2125, + "paragraph": "The primary role of the AC is to assist the Board in fulfilling its oversight responsibilities in areas such as the integrity of financial reporting, the effectiveness of the risk management framework and internal control system as well as consideration of compliance matters. We are also responsible for assessing the quality of the audit performed by and the independence and objectivity of the external auditor, and making a recommendation to the Board on the appointment or reappointment ofthe external auditor. Further, we oversee the work and quality of theinternal audit function.", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2126": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2126, + "paragraph": "I meet regularly with the Chief Financial Officer, EVP Taxation and Controller, Chief Internal Auditor and the external auditor. Further, these same individuals attend every AC meeting as well as any other members of Shell\u2019s management, as necessary, to provide in-depth analysis on specific topics or on more detailed technical matters that may arise. ", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2127": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2127, + "paragraph": "Over the course of a year, the AC has a rolling agenda covering a variety of standing matters such as the control framework for the reporting of Shell\u2019s oil and gas reserves; information risk management; tax matters; and briefings from the Chief Internal Auditor on the effectiveness of Shell\u2019s risk management and internal control system and on outcomes of significant audits and notable control matters. Specific attention is given totopics that we consider particularly significant, including issues and judgements relating to Shell\u2019s Consolidated Financial Statements, as discussed in more detail later in this report. In 2019 in addition to standing matters, the AC addressed a number of areas of special focus including evaluating the first year of application of the new accounting standard IFRS 16 Leases; Shell\u2019s Trading and Supply control framework; and the control framework for the reporting of Shell\u2019s Net Carbon Footprint ambition. The AC visited Shell\u2019s advanced security operations in the Netherlands, the finance operations centre in Chennai and the IT Hub in Bangalore. With these site visits we deepen our understanding of the operations in the respective locations and how they interface with Shell\u2019s business functions. The visits also provide the AC with an opportunity to engage with a cross-section of Shell staff in each location. ", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2128": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2128, + "paragraph": "In closing I would like to take this opportunity to thank Euleen for her excellent chairmanship of the AC since 2016 and for the valuable insights she provided as both a member since September 2014 and as the Chair.", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2129": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2129, + "paragraph": "ANN GODBEHERE Chair of the Audit Committee March 11, 2020 ", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + }, + "2130": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2130, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 132, + "start_index_page": 2119, + "last_index_page": 2130 + } + }, + "133": { + "2131": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2131, + "paragraph": "AUDIT COMMITTEE REPORT continued", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2132": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2132, + "paragraph": "COMPOSITION AND MEETINGS OF THE AUDIT COMMITTEE During 2019, the members and meeting attendance of the AC were asfollows:", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2133": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2133, + "paragraph": "Maximum possible meetings", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2134": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2134, + "paragraph": "Number of meetings attended", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2135": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2135, + "paragraph": "Committee Member Ann Godbehere 6 (Chair) 3 Euleen Goh [A] 6 Roberto Setubal Gerrit Zalm 6 [A] Euleen Goh stood down as Chair and a member of the AC on June 30, 2019.", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2136": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2136, + "paragraph": "May 23, 2018 September 1, 2014 October 1, 2017 March 8, 2017", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2137": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2137, + "paragraph": "All members of the AC are financially literate, independent Non-executive Directors. In respect of the year ended December 31, 2019, for the purposes of the UK Corporate Governance Code, Ann Godbehere qualifies as: a person with \u201crecent and relevant financial experience\u201d andcompetence in accounting; and, for the purposes of US securities laws, is an \u201caudit committee financial expert\u201d. ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2138": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2138, + "paragraph": "The experience of the AC members outlined on page 130 demonstrates that the AC as a whole has competence relevant to the sector in which Shell operates, as well as the necessary commercial, regulatory, financial and audit expertise required to fulfil its responsibilities. The AC members have gained further knowledge and experience of the sector as a result oftheir Board membership and through various site visits since their respective appointments. ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2139": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2139, + "paragraph": "The AC covers a variety of topics in its meetings. These include both standing items that the AC considers as a matter of course, typically in relation to the quarterly financial reporting, control matters, accounting policies and judgements and reporting matters, and a range of topics relevant to Shell\u2019s control framework.", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2140": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2140, + "paragraph": "The AC invites the Chief Financial Officer, the Legal Director, the Chief Internal Auditor, the Executive Vice President Taxation and Controller, theVice President Accounting and Reporting and the external auditor to attend each meeting. The Chief Executive Officer attends each meeting where the quarterly, half-year and year-end results are discussed. The Chair of the Board also regularly attends the meetings. Other members ofmanagement attend when requested. The AC regularly holds private sessions separately with the external auditor and the Chief Internal Auditor without members of management, except for the Legal Director,being present.", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2141": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2141, + "paragraph": "RESPONSIBILITIES The roles and responsibilities of the AC as set out in its Terms of Reference are reviewed annually, taking into account relevant regulatory changes and recommended best practice. The key responsibilities of the AC include, but are not limited to: \u25a0 Evaluating the effectiveness of the system of risk management ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2142": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2142, + "paragraph": " \u25a0 Reviewing the integrity of the financial statements, including annual ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2143": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2143, + "paragraph": "reports, half-year reports, and quarterly financial statements; ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2144": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2144, + "paragraph": " \u25a0 Reviewing and discussing with management the appropriateness ofjudgements involving the application of accounting principles anddisclosure rules;", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2145": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2145, + "paragraph": " \u25a0 Advising the Board whether the Annual Report is fair, balanced andunderstandable and provides the information necessary for shareholders to assess Shell\u2019s position and performance, business model and strategy; ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2146": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2146, + "paragraph": " \u25a0 Reviewing the functioning of the Shell Global Helpline and reports ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2147": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2147, + "paragraph": "arising from its operations;", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2148": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2148, + "paragraph": " \u25a0 Overseeing compliance with applicable legal and regulatory requirements, including monitoring ethics and compliance risks; ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2149": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2149, + "paragraph": " \u25a0 Monitoring the qualifications, expertise, resources and independence ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2150": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2150, + "paragraph": "of both the internal and external auditor; ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2151": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2151, + "paragraph": " \u25a0 Assessing the internal and external auditor\u2019s performance and ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2152": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2152, + "paragraph": " \u25a0 Recommending to the Board the appointment or reappointment ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2153": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2153, + "paragraph": "effectiveness each year; and", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2154": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2154, + "paragraph": "The AC keeps the Board informed of its activities and recommendations and the Chair of the AC provides an update to the Board after every AC meeting. The AC promptly reports concerns to the Board if it is not satisfied with or believes that action or improvement is required concerning any aspect of financial reporting, risk management and internal control, compliance or audit-related activities.", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2155": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2155, + "paragraph": "A copy of the AC\u2019s Terms of Reference can be found at www.shell.com.", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2156": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2156, + "paragraph": "ACTIVITIES During 2019, the AC received comprehensive reports from management and the external auditor on a variety of topics related to management controls and accounting policies, practices and reporting. The AC alsoreviewed whistleblowing reports and internal audit reports, and considered management\u2019s responses and conclusions to the various findings in these reports.", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2157": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2157, + "paragraph": "In addition to the items discussed under significant issues on page 133, theAC also dedicated time to the following matters during 2019: \u25a0 Trading and Supply\u2019s Control Framework. Following its 2018 visit to the Trading and Supply office in London and given the growth in this area, the AC continued to focus on key control matters and improvements in processes underway within Trading and Supply. The AC was briefed on various actions which management is undertaking to further strengthen controls, including system controls and new hires in the areas of compliance and risk management; ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2158": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2158, + "paragraph": " \u25a0 Shell\u2019s Net Carbon Footprint Control Framework. Following ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2159": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2159, + "paragraph": "Shell\u2019s announcement to link a Net Carbon Footprint target and other measures to executive remuneration starting in 2019, the AC reviewed the processes and procedures governing the annual preparation and assurance of Shell\u2019s Net Carbon Footprint value. The AC considered the methodology, key aspects of the Net Carbon Footprint model, important control points, assurance mechanisms to validate the integrity of the data and disclosure, and the process for managing andverifying any changes to the model; ", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2160": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2160, + "paragraph": " \u25a0 Tax risks. In addition to the regular review of Shell\u2019s tax position, the ACdiscussed with management the key tax risks stemming from the evolving tax landscape, including intensified audit scrutiny and increasing demands for transparency. The AC also discussed measures underway in response to these trends and developments, including for example Shell\u2019s publication of its first Tax Contribution Report in 2019; Information Risk Management. The Chief Information Officer briefed the AC on the activities undertaken in 2019 with respect to information risk management, information security controls, security improvement initiatives and Shell\u2019s cyber monitoring and defence capabilities and controls. The AC discussed with the Chief Information Officer the evolving digital landscape and the steps management is taking to manage change, including planned activities for 2020; and \u25a0 Oil and Gas Reserves Control Framework. The AC was briefed on the framework in place to ensure accurate reserve information is reported in an efficient manner. The AC considered the processes and controls in place to assure compliance with reporting requirements and annual updates to maintain a robust framework.", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + }, + "2161": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2161, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 133, + "start_index_page": 2131, + "last_index_page": 2161 + } + }, + "134": { + "2162": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2162, + "paragraph": "The AC also reviewed: the year-end reported proved oil and gas reserves, including management judgements and adjustments made to reflect changes in geological, technical, contractual and economic information, the Brent crude oil and Henry Hub natural gas long-term price assumptions; estimated refining margins; discount rates used for financial reporting, particularly with respect to impairment testing and decommissioning andother provisions (see Note 2 to the \u201cConsolidated Financial Statements\u201d on pages 195-204 for further information); and the effectivenessof financial controls. ", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2163": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2163, + "paragraph": "The AC discussed with the Chief Ethics and Compliance Officer his report on compliance matters, including an overview of the effectiveness of the Shell ethics and compliance programme in managing ethics and compliance risk in Shell\u2019s business activities, regulatory developments and compliance risks. The AC also discussed investigations of cases involving ethics and compliance concerns. The AC discussed management\u2019s findings in such cases to satisfy itself that a rigorous process had been followed, and, where appropriate, learnings had been embedded by management into the systems and controls of the organisation. ", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2164": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2164, + "paragraph": "The AC was briefed on litigation matters (see \u201cGovernance Framework\u201d on page 117 and Note 25 to the \u201cConsolidated Financial Statements\u201d onpages 235-237); new regulatory requirements, including the UK Financial Reporting Council\u2019s (FRC\u2019s) 2018 UK Corporate Governance Code, and various market studies and proposals into the external auditmarket. The AC was also briefed on corporate governance developments, including the EU Sustainable Finance initiatives andrelatedlegislative proposals.", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2165": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2165, + "paragraph": "In March 2019, the AC visited the advanced security operations in the Netherlands and in May 2019, the finance operations centre in Chennai and the IT Hub in Bangalore. These visits provided the opportunity for the AC to gain a deeper understanding of the various activities undertaken in each location including new technologies and digital opportunities, and how they support Shell\u2019s business activities. Topics discussed during the site visits included: threat intelligence; incident management; vulnerability management and forensics; use of data analysis; bots; data engineering; market risk analyses; impairment analysis process; digitalisation; new applications/solutions development process; process automation; and Information Technology General Controls. TheAC was provided with information on the external environment andthe relevant regulations within each location\u2019s operations. During thevisits to the Chennai and Bangalore sites, the AC was also briefed on Shell\u2019s operations in India. ", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2166": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2166, + "paragraph": "In 2019, the AC updated its Terms of Reference to reflect applicable provisions from the 2018 UK Corporate Governance Code published bythe FRC, including the Chair\u2019s engagement with the Company\u2019s Shareholders on significant matters related to the AC\u2019s responsibilities andthe AC\u2019s oversight of the audit tender process. The Terms of Reference were also updated to reflect the AC\u2019s responsibilities regarding Shell\u2019s Global Helpline as well as ethics and compliance risks. ", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2167": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2167, + "paragraph": "As part of a review of Shell\u2019s external reporting, the decision was taken to produce a separate Annual Report and Form 20-F beginning with fiscal year 2019. The AC provided its input on the merits of this initiative and considered the control framework which has been put in place to ensure the disclosures in both reports comply with relevant requirements. ", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2168": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2168, + "paragraph": "The AC discussed the Company\u2019s 2019 Annual Report, half-year report and quarterly unaudited interim financial statements with management and the external auditor. The AC advised the Board that in its view the ", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2169": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2169, + "paragraph": "2019 Annual Report including the financial statements for the year endedDecember 31, 2019, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess Shell\u2019s position and performance, business model and strategy (see \u201cGovernance\u201d on page 114). To arrive at this conclusion, the AC critically assessed drafts of the 2019 Annual Report including the financial statements and discussed with management the process undertaken to ensure that these requirements were met. This process included: verifying that the contents of the 2019 Annual Report are consistent with the information shared with the Board and management during the year to support their assessment of Shell\u2019s position and performance; ensuring that consistent materiality thresholds are applied for favourable and unfavourable items; considering comments from the external auditor; and receiving assurance from the Executive Committee (EC). The AC further reviewed and considered the Directors\u2019 half-year and full-year statements with respect to the going concern basis of accounting. As noted in the viability statement, the Board also reviews the strategic plan which takes account of longer-term forecasts and a wide range of outlooks. Factors considered included: the impact of commodity prices; exchange rates; future carbon costs; major agreements such as LNG contract renewals; planned growth programmes; the financial framework; Shell\u2019s business portfolio developments; the project funnel to support future growth; and running models of the financial impact of certain of Shell\u2019s principal risks materialising using severe but possible scenarios. The AC considered the mitigating measures and sensitivities that management had applied to themodelling of such scenarios when evaluating the viability statement. TheAC also considered external commentaries suggesting that viability statements should be extended beyond a period of three years and concluded that the three-year period selected by the Board for the review of Shell\u2019s prospects, in line with the operating plan, remained appropriate. The AC supported the inclusion of Shell\u2019s viability statement in \u201cGovernance\u201d on page 165 and considered such statement in line withbest practice guidance issued by the FRC.", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2170": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2170, + "paragraph": "The AC considered and approved the internal audit function\u2019s annual audit plan, including focus areas for 2019 comprising of management controls of IT systems and infrastructure, information and data, operational assets and businesses, contracting and procurement, resource and project delivery, and ethics and compliance. The AC also considered and approved proposed updates to the Shell Internal Audit Charter which takeinto account the revised UK Corporate Governance Code and other regulatory changes. The AC assessed the performance of the internal audit function under the new Chief Internal Auditor, who was appointed with effect from September 2018, as effective. The AC also assessed the performance of the Chief Internal Auditor. With respect to the external auditor, the AC considered the annual external audit plan (including assessing whether the planned materiality levels and proposed resources to execute the audit plan were consistent with the audit scope) and approved related remuneration to ensure that the level of fees would allow an effective and high-quality audit to be conducted by the externalauditor.", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2171": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2171, + "paragraph": "SYSTEM OF RISK MANAGEMENT AND INTERNAL CONTROL The AC reviewed reports on risks, controls and assurance, including the annual assessment of the system of risk management and internal control, in order to monitor the effectiveness of the procedures for internal control over financial reporting, compliance and operational matters. This included the Company\u2019s evaluation of the internal control over financial reporting as required under Section 404 of the Sarbanes-Oxley Act. ", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + }, + "2172": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2172, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 134, + "start_index_page": 2162, + "last_index_page": 2172 + } + }, + "135": { + "2173": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2173, + "paragraph": "AUDIT COMMITTEE REPORT continued", + "page": 135, + "start_index_page": 2173, + "last_index_page": 2176 + }, + "2174": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2174, + "paragraph": "AUDIT COMMITTEE ACTIVITIES DURING 2019", + "page": 135, + "start_index_page": 2173, + "last_index_page": 2176 + }, + "2175": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2175, + "paragraph": "Activities performed Reporting Reviewed Shell\u2019s accounting policies and practices, including compliance with accounting and reporting standards Reviewed the appropriateness of material judgements and the interpretation and application of accounting principles Considered the integrity of the year-end financial statements and recommended to the Board whether the audited financial statements should be included in the Annual and statutory reports Considered the integrity of the half-yearly report and quarterly financial statements Reviewed management\u2019s assessment of going concern and longer-term viability and endorsed the annual viability statement Reviewed Shell\u2019s policies with respect to earnings releases; financial performance information and earnings guidance; oil and gas reserves accounting and reporting; and significant financial reporting issues Reviewed the internal controls in relation to financial reporting Advised the Board of the AC\u2019s view on whether taken as a whole, the Annual Report is fair, balanced and understandable and provides the information necessary for shareholders to assess Shell\u2019s position and performance, business model and strategy. Assessed management\u2019s response to significant audit findings and recommendations Risk Management and Internal Control Monitored the effectiveness of the Shell\u2019s risk management and internal control system Received briefings on regulatory developments Reviewed management's SOX 404 assessment Discussed the control framework related to Shell\u2019s Net Carbon Footprint Considered the control framework related to oil and gas reserves Discussed significant matters arising from the internal audit with the Chief Internal Auditor, management and Ernst & Young LLP (EY) Evaluated the quality, efficiency and effectiveness of the internal audit function including the competence, qualifications, expertise, compensation and budget Reviewed and approved the internal audit function\u2019s remit, charter and audit plan Assessed the performance of the Chief Internal Auditor Reviewed significant legal matters with Shell\u2019s Legal Director Discussed and reviewed Finance Group's succession planning Reviewed the Chief Financial Officer\u2019s significant business and investment transactions for potential conflicts or related party transactions Assessed the Chief Financial Officer\u2019s performance Reviewed Shell\u2019s information risk management Reviewed Shell\u2019s tax function, key tax risks and discussed evolving area of tax transparency Received briefings regarding Shell\u2019s Trading and Supply control framework Reviewed and discussed Shell Finance\u2019s IT strategy External Auditor Considered the independence of EY Reviewed and approved the engagement letter for EY's annual audit of the Company's consolidated and parent company financial statements Approved the remuneration for audit and non-audit services, including pre-approval of permissible non-audit services Considered the annual external audit plan and monitored the execution and results of the audit Monitored the qualifications, expertise, resources and independence and objectivity of EY Reviewed the Company\u2019s representation letter prior to signing by management Assessed the performance and effectiveness of EY, the audit process, the quality of the audit, the handling of key judgements by EY, and EY\u2019s response toquestions from the AC Recommended to the Board for the re-appointment of EY to be put to the Company\u2019s shareholders for approval at the Annual General Meeting (AGM) Compliance and Governance Monitored the receipt, retention, investigation and follow-up actions of complaints received, including those from the Shell Global Helpline Reviewed with the Chief Ethics and Compliance Officer the implementation and effectiveness of the Ethics and Compliance programme and function Discussed compliance with applicable external legal and regulatory requirements Performed an evaluation of the AC\u2019s performance and effectiveness Reviewed and updated the AC\u2019s Terms of Reference", + "page": 135, + "start_index_page": 2173, + "last_index_page": 2176 + }, + "2176": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2176, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 135, + "start_index_page": 2173, + "last_index_page": 2176 + } + }, + "136": { + "2177": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2177, + "paragraph": "SIGNIFICANT ISSUES The AC assessed the following significant issues, including those related to Shell\u2019s 2019 Consolidated Financial Statements. The AC was satisfied withhow each of the issues below was addressed. As part of this assessment, the AC received reports, requested and received clarifications frommanagement, and sought assurance and received input from the internal and external auditors.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2178": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2178, + "paragraph": "Significant issues Subject DISPOSALS", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2179": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2179, + "paragraph": " See Notes 5 and 8 to the \u201cConsolidated Financial Statements\u201d on pages 209 and 210-213.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2180": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2180, + "paragraph": " See Notes 2 and 8 to the \u201cConsolidated Financial Statements\u201don 198-204 and210-213.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2181": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2181, + "paragraph": " See Notes 2 and 16 to the \u201cConsolidated Financial Statements\u201don pages 198-204 and 220-222.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2182": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2182, + "paragraph": "FIRST-YEAR APPLICATION OFIFRS16 ", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2183": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2183, + "paragraph": " See Note 3 to the \u201cConsolidatedFinancial Statements\u201don page 204.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2184": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2184, + "paragraph": "DISCOUNT RATE FOR PROVISIONS", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2185": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2185, + "paragraph": "Issue Several significant disposals were completed in 2019. Prior to disposal, judgement is required in determining whether a sale is highly probable. If it is, the asset should be classified as held for sale, which is a trigger for impairment testing. Judgement may also be required when accounting for the disposal, for example in estimating the amount of any liabilities retained by Shell. ", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2186": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2186, + "paragraph": "The carrying amount of an asset should be tested for impairment when there is an indication of possible change in carrying value such as a reduction in performance, other than short term, or being classified as held for sale.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2187": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2187, + "paragraph": "The determination of tax assets and liabilities requires the application of judgement as to the ultimate outcome, which can change over time depending on facts and circumstances. In particular, the recognition of deferred tax assets requires management to make assumptions regarding future profitability and is therefore inherently uncertain. With effect from January 1, 2019, IFRS 16 Leases replaced IAS 17 Leases. Under the new standard, all lease contracts, with limited exceptions, are recognised in the financial statements by way of right-of-use assets and corresponding lease liabilities. Shell applied the modified retrospective transition approach without restating comparative information. In March 2019, the IFRS Interpretation Committee (IFRIC) decision on recognition of lease liabilities in unincorporated joint operations was concluded. During Q2 and Q3 2019 potential exposures were assessed to determine where Shell, as operator, has primary responsibility for the lease liability and would therefore be required to recognise these leases. A review was carried out to consider the discount rate applied for provisions due to a lower rate for 30-year US Treasury bonds. Based on management\u2019s review the discount rate for provisions was lowered from 4% to 3% in 2019. This was applied to provision balances at December 31, 2019.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2188": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2188, + "paragraph": "How the AC addressed the issue The AC considered the application of the held-for-sale classification, as well as the accounting for any ensuing disposals, including the divestment of Upstream assets in Denmark and US Gulf of Mexico, as well as Downstream assets in the US and Saudi Arabia. Particular attention was given to the assessments of any impairment indicators, as well as the accounting for any retained obligations, together with the assumptions used in determining any resulting charges and the tax treatment thereof. The AC challenged whether there were indicators of impairment or reversals of previously recorded impairments and carefully considered the impairment assessments that were performed. In so doing, the AC reviewed the oil and gas price and refining margin outlooks against market developments and benchmarks. The potential impact of certain price sensitivities was also considered, together with the relevant discount rates applied. The AC also reviewed other significant inputs to impairment assessments, including proved oil and gas reserves. The AC also considered the potential impact of climate change and energy transition. The AC considered tax exposures, including those associatedwith 2019 disposals. The AC also evaluated the appropriateness of the recognition of deferred tax assets. TheAC deemed the resulting assessments of uncertain tax exposures and the recognition of deferred tax assets to bereasonable. In 2018, the AC appraised and approved accounting policychanges resulting from the implementation of IFRS 16. In 2019, the AC reviewed management\u2019s analysis of the first-year application of IFRS 16, including key judgements, and concurred with their recommendations.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2189": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2189, + "paragraph": "The AC also reviewed the impact of the application of IFRS 16on the relevant Alternative Performance Measures (APM). The AC assessed management\u2019s application of the IFRIC\u2019s decision regarding the recognition of lease liabilities by ajointoperator in relation to its interest in an unincorporatedjoint operation. ", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2190": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2190, + "paragraph": "The AC considered the impact that this change will have in relation to increasing provisions. There was specific discussion on the impact to decommissioning and restoration provisions and corresponding assets.", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2191": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2191, + "paragraph": "INTERNAL AUDIT The internal audit function is an independent and objective assurance function which supports Shell in improving its overall control framework. The internal audit function contributes to the maintenance of a systematic and disciplined approach to evaluate and improve the design and effectiveness of Shell\u2019s risk management, control and governance processes. The primary role of the internal audit function, through its assurance and investigation activities, is to safeguard value by protecting Shell\u2019s assets, reputation and sustainability in relation to the organisation\u2019s defined goals and objectives. ", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2192": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2192, + "paragraph": "The AC defines the responsibility and scope of the internal audit function and approves its annual plan. The Chief Internal Auditor reports functionally to the Chair of the AC and administratively to the Chief Financial Officer. The Chair of the AC approves, in consultation with theChief Financial Officer, all decisions regarding the performance evaluation, appointment or removal of the Chief Internal Auditor. ", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2193": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2193, + "paragraph": "The Chief Internal Auditor periodically assesses whether the purpose, authority, and responsibilities of the internal audit function continue toenable it to accomplish its objectives. The results of this periodic assessment are communicated to the EC and AC. The Chief Internal Auditor maintains an internal quality assurance and improvement programme covering all aspects of the internal audit activities, to evaluate the conformance of these activities with the Chartered Institute of Internal Auditors\u2019 standards. The programme also assesses the efficiency and effectiveness of the internal audit activities and identifies opportunities for improvement. The results of this annual assessment are communicated to the EC and AC and include a reconfirmation to the AC of the continued validity of the charter of the internal audit function, or proposals for an update. At least every five years, the effectiveness and quality of the internal audit function are assessed externally and the report shared withthe AC. An independent assessment of internal audit was conductedin 2018 and the next such external assessment is plannedtotake place in 2023. ", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + }, + "2194": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2194, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 136, + "start_index_page": 2177, + "last_index_page": 2194 + } + }, + "137": { + "2195": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2195, + "paragraph": "AUDIT COMMITTEE REPORT continued", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2196": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2196, + "paragraph": "EXTERNAL AUDITOR The AC is responsible for considering whether, in order to ensure continuing auditor quality and/or independence, there should be a rotation of the independent registered public accounting firm, including consideration of the advisability and potential impact of selecting a different independent public accounting firm. The Company\u2019s current external auditor, EY, was first appointed at the AGM in May 2016 following the conclusion of a competitive tender process. The Company has complied with The Statutory Audit Services for Large Companies Market Investigation (Mandatory Use of Competitive Tender Processes and Audit Committee Responsibilities) Order 2014 for the 2019 financial year.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2197": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2197, + "paragraph": "At the AGM in May 2019, a resolution to reappoint EY as external auditor until the conclusion of the next AGM was approved by shareholders. There are no current plans to retender the appointment. The current external audit partner is Allister Wilson, who has held this position since EY\u2019s initial appointment as external auditor in 2016 and will therefore be rotating off the Shell audit following the 2020 audit engagement. As part of its annual assessment of EY, the AC discussed the upcoming partner rotation and measures EY has taken for an orderly transition.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2198": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2198, + "paragraph": "The AC evaluated the objectivity and independence of EY and the quality and effectiveness of the external audit process. As part of its evaluation, the AC, considered: (i) the results of Shell management\u2019s internal survey relating to EY\u2019s performance over the financial year 2019; (ii) views and recommendations from management and the Chief Internal Auditor; (iii) EY\u2019s audit quality priorities and actions by EY as part of its sustainable audit quality programme; and (iv) the AC\u2019s own experiences, including interactions throughout the year with the external auditor. Key criteria of the evaluation included: professionalism in areas including competence, integrity and objectivity; constructive challenge of management and key judgements; efficiency, covering aspects such as service level and innovation in the audit process; thought leadership and value added; andcompliance with relevant legislative, regulatory and professional requirements. Taking into account the above, the AC is satisfied that EY has continued to provide a high-quality and effective audit in its fourth year as auditor and maintained its independence and objectivity.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2199": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2199, + "paragraph": "During 2019, there was no review of EY\u2019s audits of Shell\u2019s Consolidated Financial Statements by the Audit Quality Review (AQR) team of the FRC.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2200": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2200, + "paragraph": "Following due consideration, the AC has recommended to the Board to propose at the 2020 AGM that EY be reappointed as the external auditor of the Company for the year ending December 31, 2020. There are no contractual obligations that restrict the AC\u2019s ability to make such a recommendation.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2201": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2201, + "paragraph": "As required under UK and US auditing standards, the AC received a letter from EY confirming its independence.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2202": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2202, + "paragraph": "NON-AUDIT SERVICES The AC maintains an independence policy in respect of the provision of services by the external auditor. The AC regularly reviews this policy for necessary changes in response to changes in related standards and regulatory requirements. Following the issuance of the Revised Ethical Standards by the FRC in December 2019, the AC updated its independence policy to reflect these new standards. ", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2203": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2203, + "paragraph": "This policy, designed to safeguard auditor objectivity and independence, includes rules relating to the provision of audit services, audit-related services and other non-audit services, and stipulates which services require specific prior approval by the AC. ", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2204": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2204, + "paragraph": "The policy also defines prohibited services that are not to be provided by the auditor as these represent a risk to external auditor independence. Prohibited services are any that relate to management decision-taking or ", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2205": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2205, + "paragraph": "any other service that would compromise auditor independence or the perception thereof. These prohibited services include all services listed asprohibited in the UK and US auditor independence rules.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2206": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2206, + "paragraph": "For certain services that are not prohibited, because of the knowledge and experience of the external auditor and/or for reasons of confidentiality, it can be more efficient or prudent to engage the external auditor rather than another party. This is particularly the case in relation to audit-related assurance services that are closely connected to the audit function where the external auditor has the benefit of knowledge gained from work already performed as part of the audit. ", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2207": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2207, + "paragraph": "Under the policy, the AC will only approve services to be carried out by the external auditor or its affiliates where such services do not present a conflict of interest risk in fact or in appearance. The AC reviews quarterly reports from management on the audit and non-audit services reported in accordance with the policy or for which specific prior approval from the AC is being sought. To the extent that the fee value of an additional audit service contract does not individually exceed $50,000 (as from March 15,2020: $100,000), then no prior approval of the AC is required. All non-audit services where the fee for an individual contract exceeds $100,000, including audit-related services, require individual prior approval by the AC. In each case where the audit or non-audit service contract does not exceed the relevant threshold, the matter is subsequently reported at the next quarterly AC meeting. ", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2208": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2208, + "paragraph": "The scope of the non-audit services contracted with the external auditor in2019 consisted mainly of interim reviews and other audit-related assurance services. The associated compensation for these audit-related services and other non-audit services amounted to 4% and 1%, respectively, of the external auditor\u2019s audit and audit-related remuneration.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2209": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2209, + "paragraph": "FEES Note 28 to the \u201cConsolidated Financial Statements\u201d on page 238 provides details of the auditor\u2019s remuneration.", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2210": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2210, + "paragraph": "AC EVALUATION The AC undertakes an annual evaluation of its performance and effectiveness. Consistent with the Board\u2019s annual performance evaluation for 2019, the AC\u2019s performance evaluation was facilitated by Independent Board Evaluation, an independent consulting firm. Each AC member was interviewed for their views covering topics relating to: the management of the AC in areas such as the annual cycle of work, agenda for meetings, and time and input in meetings; rating the quality of the information provided to the AC; the effectiveness of the AC\u2019s oversight in areas such asthe work of internal and external audit, the Group\u2019s financial reporting, the system of internal controls and the risk management policies and practices; rating the AC\u2019s performance in reviewing and assessing significant accounting and reporting issues; and generally how to improve the AC\u2019s performance. When assessing progress against 2018, the AC concluded that 2019 priorities identified in the 2018 evaluation (including a visit to the finance operations in Chennai and discussions related to the first-year application of IFRS 16, regulatory developments, information risk management and the Net Carbon Footprint control framework) had all been undertaken by the AC in 2019. The AC discussed the outcome of thisreview as part of its annual evaluation. The AC concluded that its performance in 2019 had been effective and that it fulfilled its role in accordance with its Terms of Reference. ", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2211": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2211, + "paragraph": "In preparing its workplan for 2020 the AC has agreed the following focus areas in addition to the standing items: Trading and Supply, regulatory developments, decommissioning, integrated risk management, new business models and ventures, pensions and visits to Shell\u2019s operations inSingapore, Kuala Lumpur, Malaysia, and the finance operations centrein Krakow, Poland. ", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + }, + "2212": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2212, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 137, + "start_index_page": 2195, + "last_index_page": 2212 + } + }, + "138": { + "2213": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2213, + "paragraph": "DIRECTORS\u2019 REMUNERATION REPORT", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2214": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2214, + "paragraph": "GERARD KLEISTERLEE Chair of the Remuneration Committee", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2215": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2215, + "paragraph": "\u201c Listening to shareholders has been critical for the REMCO inshaping our decisions for 2019and the proposed 2020 remuneration policy\u201d", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2216": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2216, + "paragraph": "Annual bonus: below-target award, with downward discretion applied for fatalities. LTIP: above-target vesting, based on long-term performance.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2217": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2217, + "paragraph": "Alignment to strategy: formalisation of energy transition LTIPcondition. Quantum: reduce CEO LTIP grant and increased focus on the REMCO\u2019s use of discretion to manage Single Figure outcomes. Simplification: removed individual performance factor and reducedCEO target bonus.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2218": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2218, + "paragraph": "THIS REPORT This Directors\u2019 Remuneration Report for 2019 has been prepared in accordance with relevant UK corporate governance and legal requirements, in particular Schedule 8 of The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (asamended). The Board has approved this report.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2219": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2219, + "paragraph": "This report consists of two further sections: \u25a0", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2220": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2220, + "paragraph": "the Annual Report on Remuneration (describing 2019 remuneration as well as the planned implementation of the Directors\u2019 Remuneration Policy in 2020) which will be subject to an advisory vote at the 2020 AGM; and the Directors\u2019 Remuneration Policy which will be subject to a binding shareholder vote at the 2020 AGM.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2221": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2221, + "paragraph": "I am pleased to present the 2019 Directors\u2019 Remuneration Report. This includes my last letter as Chair of the Remuneration Committee (REMCO), our Annual Report on Remuneration and theproposed Directors\u2019 Remuneration Policy for 2020 onwards.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2222": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2222, + "paragraph": "It has been another busy year for the REMCO and we have appreciated the ongoing support and engagement of our shareholders as we finalised our proposals on a revised policy and navigated the requirements of the new UK Corporate Governance Code. ", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2223": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2223, + "paragraph": "In preparing the Annual Report on Remuneration for the year ended December 31, 2018, the REMCO paid particular attention to enhancing disclosures and explaining its decision making, and it was pleased withthe level of support (89.93%) received infavour. ", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2224": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2224, + "paragraph": "The outstanding performance, which underpinned the 2018 pay outcomes, the strong link between pay and performance and the REMCO\u2019s prudence in managing pay outcomes over the long term was recognised by many shareholders. Notwithstanding this, a number of shareholders raised concerns over the absolute quantum of the CEO\u2019s 2018 remuneration. The REMCO has reflected long and hard on this and quantum has been a matter of careful consideration both in our decisions for the 2019 remuneration outcome as well as in our proposals for the 2020 policy update, as I hope you will appreciate. ", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2225": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2225, + "paragraph": "So let me now turn to 2019 performance and the remuneration outcomes.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2226": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2226, + "paragraph": "2019 PERFORMANCE AND REMUNERATION OUTCOMES Annual Bonus During 2019 the ambition to thrive in the energy transition was progressed; the optimisation and marketing capabilities of the Integrated Gas and Downstream businesses helped deliver above-plan earnings, andproject delivery was strong, reflecting the focus on capital discipline. However, assessed against the 2019 scorecard targets, a poor outcomeon safety, a difficult macroeconomic environment andareas ofoperational challenge meant overall performance was below target.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2227": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2227, + "paragraph": "It is worth reiterating that the REMCO has long had a policy of not adjusting remuneration measures to take into account changes in oil andgas prices and currency fluctuations. This means Senior Management also experience the ups and downs of the macroeconomic environment impacting our business and shareholders. In our engagements with our largest shareholders, many have appreciated the transparency this brings.", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2228": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2228, + "paragraph": "Financial performance Cashflow from operations was below the minimum threshold set for 2019.This was driven by challenging macroeconomic conditions, with lower than anticipated oil and gas prices and very difficult market conditions for Shell\u2019s Refining and Chemicals businesses. This was exacerbated by operational issues inpartsof theUpstream and Integrated Gas businesses. ", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2229": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2229, + "paragraph": "Operational performance \u25a0 Production volumes were below target by 2.53%. This was driven by ", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2230": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2230, + "paragraph": "anumber ofoperational issues and delays bringing projects on-stream; LNG liquefaction volumes were below target by 2.20%, mainly due to delayedproject start-ups and slower ramp-ups;", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + }, + "2231": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2231, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 138, + "start_index_page": 2213, + "last_index_page": 2231 + } + }, + "139": { + "2232": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2232, + "paragraph": "DIRECTORS\u2019 REMUNERATION REPORT continued", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2233": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2233, + "paragraph": " \u25a0 The combined Refinery and Chemicals Availability outcome was above ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2234": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2234, + "paragraph": "target by 0.44%, with higher downtime from unplanned events being morethan compensated by lower downtime from planned events; and \u25a0 Combined Project Delivery, which provides an indication of our ability ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2235": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2235, + "paragraph": "to deliver projects within budget and schedule, was strong, with 90%of projects on-time and with aggregated costs below budget, reflectingthe focus on capital discipline and project execution.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2236": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2236, + "paragraph": "Sustainable Development Shell has made significant progress on safety performance over a long period of time. This is reflected on the scorecard where the targets have been made more challenging over time, and although the total recordable case frequency (TRCF) threshold was not met in 2019, the outcome remains the joint second best on Shell\u2019s record, following the record low in 2017. However, the seven fatalities that occurred under Shell\u2019s operational control in 2019 are not acceptable and further workon safety is needed. ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2237": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2237, + "paragraph": "Performance on the other sustainability metrics was mixed. The process safety measure in 2019 was below target. Greenhouse gas emissions were at target forUpstream and Integrated Gas, and Refining. Chemicals emissions were below target due to a strike at Moerdijk and reliability issues atDeer Park.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2238": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2238, + "paragraph": "Summary of Scorecard Performance The mathematical outcome of the annual bonus scorecard was 0.48andthe REMCO determined to reduce the outcome to 0.43 for Senior Management. This downward discretion was applied as a result ofthe increased number of fatalities in2019. Safety is, and must remain, Shell\u2019s number one priority. This reduction is based on the REMCO\u2019s judgment and was not a formulaic adjustment. ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2239": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2239, + "paragraph": "Reflecting the collective responsibility of senior executives in the safe operation of Shell, internally it was decided to apply the downward discretion to around 150 senior leaders.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2240": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2240, + "paragraph": "This brings the ten-year average scorecard outcome to 1.17. The detailed bonus scorecard breakdown and further commentary on performance areon page 142.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2241": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2241, + "paragraph": "Annual Bonus Outcomes For 2019, to simplify the annual bonus structure following shareholder feedback, the individual performance multiplier was removed from the bonus calculation formula for the Executive Directors. Annual bonuses aredetermined based solely on business performance. The CEO\u2019s targetbonus was also reduced from 150% to 125%. ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2242": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2242, + "paragraph": "Based on the scorecard outcome of 0.43, the annual bonus outcome forthe CEO was \u20ac800,000 and for the CFO was \u20ac500,000. This represents 41% of target (21% of maximum) and is a 73% reduction from2018 for the CEO and a 68% reduction for the CFO. ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2243": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2243, + "paragraph": "The annual bonus for the Executive Directors is paid 50% in cash and 50% in shares subject to a three-year holding period, which applies beyond an Executive Director\u2019s tenure.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2244": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2244, + "paragraph": "Long-term incentive plan (LTIP) While performance in 2019 assessed against our annual bonus scorecard metrics was below target, on the LTIP we continue to see the impact of the longer-term efforts to transform Shell to deliver increased shareholder value and better performance against the comparator companies.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2245": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2245, + "paragraph": "[A] For comparability purposes we calculateROACE for LTIP purposes on disclosed net income ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2246": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2246, + "paragraph": "which isnotadjusted for the after-tax interest expense, it therefore differs fromdisclosed ROACE.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2247": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2247, + "paragraph": "60% Total Shareholder Return 2017 \u2013 2019 50%", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2248": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2248, + "paragraph": "Other oil majors (BP, Chevron, ExxonMobil and Total)", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2249": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2249, + "paragraph": "Shell made $61 billion of distributions to shareholders over the performance period, including dividend payments and share buybacks. Shell was second on total shareholder return (TSR), by less than 0.4%, during a period which has recently been challenging for the sector. Relative CFFO growth was third in the comparator group. Shell generated $131 billion over the period, ranking first in absolute terms. ROACE of 5.6% was also improved, with growth ranking first in the comparator group, reflecting our work tohigh-grade andreshape the portfolio [A]. ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2250": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2250, + "paragraph": "On free cash flow (FCF), Shell exceeded the three-year cumulative targetof $85 billion with total FCF over the period of $93.4 billion.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2251": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2251, + "paragraph": "These outcomes continue to reflect the success of Shell\u2019s strategy since 2016 and the progress made in building a world-class investment case. Over the 2017-2019 performance period, Shell has delivered on commitments to strengthen the financial framework; cancelling the ScripDividend Programme and starting the $25 billion share buyback programme ($14.75 billion completed as at January 22, 2020). ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2252": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2252, + "paragraph": "After taking account of the outcome of the performance metrics, as well as considering the wider performance of Shell over the performance period, the final vesting outcome of the 2017 LTIP award was approved at 147%. ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2253": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2253, + "paragraph": "This brings the ten-year average vesting outcome to 104%. This is broadly aligned with our target grant, although there have been a number of high and low-vesting outcomes over the past 10 years. The REMCO believes thisillustrates the fundamental effectiveness of the LTIP and the close alignment between pay and performance the current LTIP structure hasprovided over a long period of time.", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2254": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2254, + "paragraph": " TSR EPS/FCF CFFO Production/ROACE", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2255": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2255, + "paragraph": "Target 10 year average: 104% of target ", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + }, + "2256": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2256, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 139, + "start_index_page": 2232, + "last_index_page": 2256 + } + }, + "140": { + "2257": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2257, + "paragraph": "CEO Single Figure Outcomes The REMCO considered the quantum of the Single Figure outcome (\u20ac9,963,670 for the CEO) and infinalising their remuneration decisions for 2019, considered a range of factors, further details of which are provided on page 144. These included both Shell\u2019s andpersonal performance in 2019, in the period 2017-2019 and theinternal relativity ofremuneration compared to the variable payoutcomesfor employees.", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2258": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2258, + "paragraph": "The REMCO noted that it had already reduced the CEO\u2019s target bonus for2019 from 150% to 125% and the quantum of award was further adjusted downwards on a discretionary basis given the seven fatalities inthe year. It recognised the strong competitive results from 2017-2019, but also reflected on the challenging 2019 performance, partly driven bydifficult macroeconomic conditions, related to lower cash flow, operational challenges and safety. The REMCO also noted the reductions in annual bonus and LTIP outcomes and that the CEO\u2019s overall remuneration was 51% lower thanin 2018, and was satisfied that the Single Figure represented anappropriate and competitive level of remuneration withinthe boundsof the shareholder-approved policy. ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2259": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2259, + "paragraph": "CEO\u2019s single figure outcomes over last 10 years", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2260": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2260, + "paragraph": " Base Salary and benefits Bonus Long-term incentive plan Pension and tax equalisation", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2261": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2261, + "paragraph": "PAY IN A WIDER CONTEXT The REMCO believes that there should be alignment between pay structures for the Executive Directors and employees. This is important, both to reinforce a common commitment to Shell\u2019s strategic goals and to give employees the opportunity to share in Shell\u2019s success. The majority ofShell\u2019s employees share the same scorecard as the Executive Directors. In addition, around 16,500 of Shell\u2019s employees are granted performance share awards on terms that are broadly similarto the conditions that also apply to the Executive Directorsthroughthe LTIP. ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2262": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2262, + "paragraph": "The ratio of the CEO\u2019s pay to the median UK worker is 87. The global payratio, calculated by comparing the CEO single figure to the average employee headcount cost, is 75. These numbers have significantly decreased from 2018, where the average pay ratio was 143 compared tothe UK median ratio and 149 in comparison tothe global employee ratio. The principal reasons for the changes are the decrease in the CEO\u2019s single figure from 2018, balanced by the reduction in the variable pay outcomes for all employees, and the acquisition ofFirstUtility (nowShellEnergy Retail). ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2263": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2263, + "paragraph": "The REMCO noted that even with the exceptional CEO pay outcome in2018based on strong company performance, our pay ratio was consistent with thepay ratios seen in other major FTSE 30 companies. TheREMCO is cautious about drawing any direct conclusions from the comparison of ratios, given the differences in industry and employee profile between companies.", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2264": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2264, + "paragraph": "CEO: Pay ratio 2019 CEO single total figure against actual average global employee costs Lower quartile", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2265": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2265, + "paragraph": "1 Shell minimum pay ratio [A] 2 Shell 2018 global pay ratio [B] 3 Shell 2019 global pay ratio [C] 4 Shell maximum pay ratio [D]", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2266": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2266, + "paragraph": "[A] Based on CEO \u2018minimum\u2019 pay scenario as disclosed on page 160 compared to the ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2267": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2267, + "paragraph": "averageglobal employee cost in 2019.", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2268": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2268, + "paragraph": "[B] Based on the 2018 CEO single total figure compared to the average global employee ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2269": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2269, + "paragraph": "[C] Based on the 2019 CEO single total figure compared to the average global employee ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2270": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2270, + "paragraph": "[D] Based on CEO \u2018maximum\u2019 pay scenario (excluding the 50% share price appreciation) ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2271": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2271, + "paragraph": "asdisclosed on page 160 compared to the averageglobal employee cost in 2019. ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2272": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2272, + "paragraph": "Shell\u2019s gender pay gap for 2019, published in accordance with the reporting required under the UK Equality Act 2010 (Gender Pay Gap Information) Regulations, increased slightly from 18.6% to 18.7%. This increase is primarily due to the effect of including employees from Shell\u2019s acquisition of First Utility in the calculation for thefirst time. On a like-for-like basis, it would have been 15.1%, an improvement of 3.5 percentage points. Shell\u2019s goal is to ensure the equal participation of women and men in all areas of work, at all levels and locations ensuring equal access to the same recognition, reward and career progression opportunities. As 2019 illustrates, these changes will be influenced by changes in our business and may be non-linear. However, theREMCO hasconfidence in the policies Shell has to increase the representation ofwomen at all levels in the organisation. ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2273": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2273, + "paragraph": "2020 REMUNERATION POLICY I would now like to turn to the remuneration policy that will be voted onatthe 2020 AGM. ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2274": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2274, + "paragraph": "The REMCO has spent time considering the alignment of remuneration policies to Shell\u2019s strategic goals, listening to shareholder views, gathering input on executive pay market developments, and reflecting on wider societal trends in developing the revised policy. I have had the opportunity to meet with many shareholders personally during this process and want to thank them for expressing their point of view. The various perspectives they have provided have helped shape a number of key decisions. Notably, this feedback has been critical in shaping our development ofthe Energy Transition metric and our intended responsetomanaging the issue of quantum. ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2275": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2275, + "paragraph": "In our policy deliberations, we have been guided by three objectives: ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2276": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2276, + "paragraph": "Strategy should be set first, and then the remuneration policies designed to support the achievement of those strategic goals. This is ouroverriding imperative: the decisions we make as the REMCO mustbetightly and inextricably linked to Shell\u2019s strategy. ", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + }, + "2277": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2277, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 140, + "start_index_page": 2257, + "last_index_page": 2277 + } + }, + "141": { + "2278": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2278, + "paragraph": "DIRECTORS\u2019 REMUNERATION REPORT continued", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2279": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2279, + "paragraph": "As you know, in a first for our industry and following extensive collaboration with shareholders, we incorporated an energy transition measure to our LTIP from 2019, again adopting early a change originally intended for the 2020 policy. That condition continues to feature in thepolicy, and it remains the REMCO\u2019s intent to increase its weighting over time.", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2280": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2280, + "paragraph": "The REMCO reflected carefully on the matter of pensions. It is already along-standing remuneration policy that pensions for Shell\u2019s Executive Directors are aligned with those of employees in their home country and we are proposing to continue this policy. ", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2281": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2281, + "paragraph": "The CEO participates in the mainstream ShellNetherlands pension arrangements on the same terms as all other members. It is a feature of Netherlands pension schemes that the contribution rate increases with age and this is a requirement of Dutch pension legislation. As the CEO is near the top of the ladder based on age, his contribution rate is27%. The REMCO is aware that this may appear high by UK standards ofpension contribution. However, thisis the standard contribution rate applicable toallemployees of his age in thisplan, and we believe that this is alignedwith the spirt of recentdevelopments in corporate governance regarding pension provision. Jessica Uhl also participates in the pension arrangements applicable to employees in her home country (USA). The only difference in her arrangements in comparison to other employees isthat her bonus is non-pensionable. This is in accordance with UK corporate governance best practice. Further information on pensions isprovidedonpage 145.", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2282": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2282, + "paragraph": "We are proposing a number of other changes to simplify the policy andtoensure it remains aligned with shareholder interests and developing corporate governance best practice. These changes includeincreasing the CFO\u2019s shareholding requirement, introducing apost-employment shareholding requirement and extending our malusand clawback provisions.", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2283": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2283, + "paragraph": "A summary of the changes from the existing policy are set out on page145. Having consulted with shareholders on these changes throughthecourse of the last two years, I am confident of your support.", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2284": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2284, + "paragraph": "LOOKING AHEAD The 2020 AGM will be my last as the REMCO Chairman, as I will be stepping down from the RDS Board following the meeting. It has been aprivilege to chair the REMCO over a period which has seen agreat deal of change, both for Shell and in the executive remuneration landscape. I believe that the proposed 2020 remuneration policy willprovide strong support in achieving Shell\u2019s strategic ambitions andIwishmy successor, Neil Carson, every success for thefuture. ", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2285": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2285, + "paragraph": "GERARD KLEISTERLEE Chair of the REMCO March 11, 2020", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2286": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2286, + "paragraph": "Second, we must maintain a package that is externally competitive andensures the business can attract and retain the management talent capable ofensuring the ongoing success of Shell and delivering a high level of returns for shareholders while navigating through the complexity ofthe energy transition. ", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2287": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2287, + "paragraph": "Finally, there must be internal proportionality. The policies we enact for the Executive Directors should be, as far as possible, consistent and aligned with the approach to managing remuneration across the Shell Group. ", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2288": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2288, + "paragraph": "The REMCO believes the existing structures remain robust and consistent with these objectives. The annual bonus and the LTIP are closely aligned with Shell\u2019s strategy: incentivising outperformance of our closest competitors on a number of key financial metrics; the delivery of the annual operational business plan; andprogressing the ambition to thrive in the energy transition. While variable pay outcomes have fluctuated over time, the 10-year average vesting outcomes are close to target, demonstrating the effectiveness of these structures in delivering pay for performance over the long term. In discussions with shareholders there was a clear preference for maintaining a strong and direct link between reward and performance. Structures which potentially reduced this link, such as restricted shares, received limited support from shareholders in consultation.", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2289": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2289, + "paragraph": "Quantum There is good support for target reward levels, but some shareholders raised concerns regarding pay quantum at the extremes of performance and this has been a key issue for the REMCO when considering the 2020 policy. In 2019, we reviewed a range of alternative reward structures that might moderate high pay outcomes while keeping target pay competitive. Following extensive consultation with shareholders, we concluded that changing reward design is not the best way to address quantum if it means making compromises on the alignment between pay and performance in the delivery of strategy. Thisalso allows foralignment between reward structures for Executive Directors and employees. The REMCO also considered whether a cap onremuneration levels was appropriate. The REMCO believes it is important to maintain flexibility in order to respond to changing businessrequirements and/or governance developments if required. Theintroduction of an arbitrarily defined cap may adversely affect that flexibility and, given the good alignment between pay and performance, would be an unnecessary policy feature. Also some shareholders are of the view that strong performance should be rewarded with strong variable pay outcomes. Accordingly, we have sought ways to manage quantum outcomes withinthe existing tried and tested performance framework. ", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2290": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2290, + "paragraph": "Proposals Under the proposed policy, we are: \u25a0", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2291": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2291, + "paragraph": "reducing the CEO\u2019s target bonus from 150% to 125% (a change already implemented in 2019); reducing the maximum LTIP opportunity from 800% of base salary to600%. In doing so we will reduce the 2020 target LTIP grant levelfor the CEO from 340% to 300%; and introducing a greater emphasis on discretionary management of remuneration outcomes for the CEO. From now on the REMCO will, based on the formulaic Single Figure outcome, undertake a further and final review of the CEO\u2019s and company\u2019s overall performance and be prepared to adjust the Single Figure in order to ensure that the highest variable pay outcomes are only achieved for the highest quality of performance across all significant areas of activity. It is not expected that this discretion would be applied upwards, and any discretion would be disclosed and explained to shareholders. ", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + }, + "2292": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2292, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 141, + "start_index_page": 2278, + "last_index_page": 2292 + } + }, + "142": { + "2293": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2293, + "paragraph": "ANNUAL REPORT ON REMUNERATION", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2294": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2294, + "paragraph": "The Annual Report on Remuneration sets out \u25a0 The REMCO\u2019s responsibilities and activities, page 139; \u25a0 Remuneration at a glance,page 140; \u25a0 Directors\u2019 remuneration for 2019,page 141;and", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2295": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2295, + "paragraph": "the statement of the planned implementation of policy in2020,page 152. ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2296": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2296, + "paragraph": "The base currency in this Annual Report on Remuneration is the euro, as this is the currency of the base salary of the Executive Directors. Where amounts are shown in other currencies, an average exchange rate for the relevant year is used, unless a specific date is stated, in which case the average exchange rate for the specific date is used. ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2297": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2297, + "paragraph": "REMUNERATION COMMITTEE Biographies are given on pages 104-110; and REMCOmeeting attendance isset out below: ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2298": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2298, + "paragraph": "Maximum possible meetings", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2299": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2299, + "paragraph": "Number of meetings attended", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2300": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2300, + "paragraph": "Committee Member Mr. Gerard Kleisterlee 21 May 2014 (Chair) Mr. Neil Carson [A] 01 June 2019 Mrs. Catherine Hughes 26 July 2017 24 May 2017 Sir Nigel Sheinwald Mr. Gerrit Zalm 21 May 2014 [A] Neil Carson was unable to attend the meeting in October due to an immovable commitment,which was scheduled prior to his appointment to the Shell Board.", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2301": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2301, + "paragraph": "The Chair of the Board was consulted on remuneration proposals affecting the CEO, and the CEO was consulted on proposals relating to the CFO and Senior Management. ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2302": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2302, + "paragraph": "During 2019, the REMCO met five times and its activities included: setting annual bonus and long-term incentive plan performance measures and targets, including considering the energy transition inthecontext of long-term remuneration;", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2303": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2303, + "paragraph": " \u25a0 deciding on 2018 annual bonus outcomes, 2019 base salaries, 2019 ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2304": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2304, + "paragraph": "target bonuses and 2019 LTIP awards for Senior Management;", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2305": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2305, + "paragraph": " \u25a0 determining vesting of the 2016 LTIP award for Senior Management; \u25a0 approving the 2018 Directors\u2019 Remuneration Report; \u25a0 carefully deliberating on quantum for the CEO; \u25a0 preparing for shareholder consultation; \u25a0 developing the Directors\u2019 Remuneration Policy in preparation ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2306": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2306, + "paragraph": " \u25a0 monitoring external developments and assessing their impact ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2307": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2307, + "paragraph": "onShell\u2019sRemuneration Policy. ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2308": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2308, + "paragraph": "In 2019, PWC provided an update to advice first provided in 2018 regarding market practice in relation to remuneration developments andShell\u2019s remuneration structures. PWC were appointed by the REMCO to provide this advice on the basis of their credentials for assessing the risk profile of remuneration policies and their knowledge of shareholder expectations and international market practice in the oil industry and long- term businesses. PWC is a member of the Remuneration Consultants Group and operates under the group\u2019s Code of Conduct when providing advice. PWC provides other consultancy and accountancy services to Shell. However, the REMCO is satisfied that the advice provided on executive remuneration matters was objective and independent. The total fees paidto PWC in relation to this advice were 10,000 (excluding VAT).", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2309": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2309, + "paragraph": "The REMCO\u2019s key responsibilities include determining: ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2310": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2310, + "paragraph": "Performance Framework Remuneration policy Actual remuneration and benefits Annual Bonus and Long-Term Incentive Measures and Targets", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2311": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2311, + "paragraph": "In addition, the REMCO has the responsibility for determining the Chair oftheBoard\u2019s remuneration. The REMCO monitors the level and structure of remuneration for senior executives below Senior Management and makes recommendations if appropriate to ensure consistency and alignment withShell\u2019s remuneration objectives. The REMCO reviews workforce remuneration and related policies and the alignment of incentives and rewards with culture, taking these into account when setting the policy forExecutive Director remuneration.", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2312": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2312, + "paragraph": "In exercising its responsibilities, the REMCO takes into account a variety ofstakeholder considerations. ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2313": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2313, + "paragraph": "The REMCO operates within its Terms of Reference, which are reviewed annually. They were last updated on March 13, 2019 and are available atwww.shell.com.", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2314": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2314, + "paragraph": "Advice from within Shell was provided by: \u25a0 Ben van Beurden, CEO; \u25a0 Ronan Cassidy, Chief Human Resources and Corporate Officer ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2315": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2315, + "paragraph": "andSecretary to the REMCO; and ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2316": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2316, + "paragraph": " \u25a0 Stephanie Boyde, Executive Vice President Remuneration and ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2317": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2317, + "paragraph": "PRINCIPLES The principles that underpin the REMCO\u2019s approach to executive remuneration are set out on page 155.", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2318": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2318, + "paragraph": "TheREMCO considered the provisions of the new UK Corporate Governance code, and has sought to reflect the principles of clarity, simplicity, risk management, predictability, proportionality and alignment to culture in deciding 2019 pay outcomes and developing 2020 policy. ", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2319": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2319, + "paragraph": "Shell has a consistent global reward and performance philosophy that sets clear expectations of employees. Through the annual bonus scorecard andthe LTIP, remuneration is clearly aligned to Shell\u2019s operating plan and strategic ambitions and the same measures apply to Senior Management and to a significantly broader employee base. This provides alignment throughout the organisation to Shell\u2019s culture and strategy. The annual operating plan translates into targets on the annual bonus scorecard and aquarterly update on performance against scorecard targets is provided toemployees. Similarly the LTIP is largely based on outperforming the competition, and regular updates on Shell\u2019s performance against competitors is provided to employees. In reviewing the Directors\u2019 Remuneration Policy, theREMCO sought to make changes that help to simplify remuneration structures (for example, removing the individual performance factor for Executive Directors) and giving more transparent outcomes (for example, removing the bonus asymmetry from the CEO\u2019s remuneration structure). Toassist in the mitigation of reputational risk and ensure proportionality, thepowers of the REMCO to apply malus and clawback and make discretionary adjustments to variable pay outcomes have been expanded, with the intention that the REMCO will use discretionto ensure the highest pay outcomes are delivered only foroutstanding performance.", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + }, + "2320": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2320, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 142, + "start_index_page": 2293, + "last_index_page": 2320 + } + }, + "143": { + "2321": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2321, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2322": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2322, + "paragraph": "ANNUAL BONUS 2019 annual bonus \u20ac800,000 CEO (73% reduction from2018)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2323": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2323, + "paragraph": "\u20ac500,000 CFO (68% reduction from 2018)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2324": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2324, + "paragraph": "2019 bonus scorecard outcome Mathematical outcome 0.48 Given safety outcomes in 2019, including sevenfatalities, thiswas reduced to: 0.43 No individual performance factor used in bonuscalculation", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2325": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2325, + "paragraph": "Shares are subject to a 3-year holding period which extends beyond an Executive Directors\u2019 tenure", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2326": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2326, + "paragraph": "ANNUAL BONUS Target % of base salary Target 125% CEO Maximum 250% CEO", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2327": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2327, + "paragraph": "REMUNERATION AT A GLANCE 2019", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2328": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2328, + "paragraph": "FIXED PAY AND SHAREHOLDING Base salary \u20ac1,557,000 Ben van Beurden (CEO)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2329": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2329, + "paragraph": "Pension Executive directors participate in the same home country pension arrangements as other employees", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2330": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2330, + "paragraph": "Benefits Typically include car allowance, transport betweenhome and office, and medical insurance", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2331": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2331, + "paragraph": "Shareholding Target levels, % of base salary at 31 December 2019 700% CEO Actual levels, % of base salary at 31 December 2019 1,136% CEO", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2332": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2332, + "paragraph": "FIXED PAY AND SHAREHOLDING Base salary \u20ac1,588,000 CEO 2% Pension No change from 2019", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2333": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2333, + "paragraph": "Benefits No change from 2019", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2334": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2334, + "paragraph": "Shareholding Target levels, % of base salary 2020 700% CEO", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2335": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2335, + "paragraph": " 500% CFO (increased from400%)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2336": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2336, + "paragraph": "Actual levels, % of base salary 5 March 2020 1,090% CEO", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2337": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2337, + "paragraph": "Bonus Delivery 50% delivered ", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2338": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2338, + "paragraph": "Shares are subject to a 3-year holding period which extends beyond an Executive Directors\u2019tenure", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2339": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2339, + "paragraph": "LONG TERM INCENTIVE PLAN 2017 \u2013 2019 LTIP vesting outcome \u20ac7,191,223 $4,357,430 CFO (115% increase CEO (53% reduction from 2018) from 2018)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2340": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2340, + "paragraph": "Vesting outcome Measures Outcome TSR CFFO ROACE growth FCF", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2341": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2341, + "paragraph": "50% 39% 147% (out of a 200% maximum)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2342": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2342, + "paragraph": "LONG TERM INCENTIVE PLAN Target awards % of base salary Target 300% CEO (reduced from 340%in2019) Maximum 600% CEO (reduced from 680% in 2019)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2343": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2343, + "paragraph": "Scorecard architecture", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2344": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2344, + "paragraph": "Performance conditions", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2345": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2345, + "paragraph": " Operational Excellence (Project delivery 12.5%, Production 12.5%, LNG liquefaction volumes 12.5%, OP/CH availability 12.5%) Operational Cash flow Sustainable Development (GHG 10%, TRCF 5%, Tier 1 & 2 Process Safety 5%)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2346": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2346, + "paragraph": " TSR ROACE Cash from operating activities FCF Energy transition (new from 2019)", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + }, + "2347": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2347, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 143, + "start_index_page": 2321, + "last_index_page": 2347 + } + }, + "144": { + "2348": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2348, + "paragraph": "DIRECTORS\u2019 REMUNERATION FOR 2019 Single total figure of remuneration for Non-executive Directors (audited)", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2349": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2349, + "paragraph": "2018 Neil Carson [B] N/A Ann Godbehere [C] 97 Euleen Goh 220 Charles O. Holliday [D] 925 Catherine J. Hughes 206 Gerard Kleisterlee 223 Roberto Setubal 190 Sir Nigel Sheinwald 186 Linda G. Stuntz 210 Gerrit Zalm 177 [A] UK regulations require the inclusion of benefits where these would be taxable in the UK, on the assumption that Directors are tax residents in the UK. On this premise, the taxable benefits include the cost of Non-executive Director\u2019s occasional business-required partner travel. Shell also pays for travel between home and the head office in The Hague, where Board and committee meetings are typically held, as well as related hotel and subsistence costs. For consistency, these business expenses are not reported as taxable benefits as for most Non-executive Directors this is international travel and hence would not be taxable in the UK. ", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2350": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2350, + "paragraph": "2019 99 178 201 921 200 242 192 187 197 177", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2351": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2351, + "paragraph": "2019 99 178 201 850 200 242 190 187 189 177", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2352": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2352, + "paragraph": "2018 N/A 97 220 850 199 216 190 180 197 177", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2353": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2353, + "paragraph": "[B] Appointed as a Director with effect from June 1, 2019. [C] Appointed as Director with effect from May 23, 2018 [D] Including the use of a Shell provided apartment whilst in the Hague (2019: \u20ac70,624; 2018: \u20ac70,015)", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2354": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2354, + "paragraph": "Single total figure of remuneration for Executive Directors (audited)", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2355": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2355, + "paragraph": "Salaries [A] Taxable benefits [B] Total fixed remuneration Annual bonus [C] LTIP [D] Total variable remuneration Total direct remuneration Pension [E] Tax equalisation [F] Total remuneration including pension and tax equalisation", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2356": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2356, + "paragraph": "2019 1,557 20 1,577 800 7,191 7,991 9,568 395", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2357": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2357, + "paragraph": "2018 1,527 32 1,559 3,000 15,209 18,209 19,768 369 \u2013 20,138 23,790 17,817", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2358": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2358, + "paragraph": "Jessica Uhl 2019 1,015 51 1,066 500 3,903 4,403 5,469 261 275 6,005 6,724 5,271", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2359": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2359, + "paragraph": "2018 995 49 1,044 1,550 1,783 3,333 4,376 196 289 4,862 5,744 4,302", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2360": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2360, + "paragraph": "[A] As disclosed in the 2018 Directors\u2019 Remuneration Report, the REMCO set Ben van Beurden\u2019s base salary for 2019 at \u20ac1,557,000 (+2.0% compared with 2018) effective from January 1, 2019, ", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2361": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2361, + "paragraph": "andJessica Uhl\u2019s base salary at \u20ac1,015,000 (+2.0% compared with 2018) effective from January 1, 2019.", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2362": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2362, + "paragraph": "[B] Executive Directors received car allowances, transport between home and office, occasional business-required partner travel, as well as employer contributions to life and medicalinsurance plans. [C] The full value of the bonus, comprising both the 50% delivered in cash and 50% bonus delivered in shares. For 2019, the market price of A shares on February 21, 2020 (\u20ac22.735), was used to determine the number of shares delivered, resulting in 9,521 A shares for Ben van Beurden and 5,951 A shares for Jessica Uhl. For 2018, 50% of the bonus was delivered in shares and the market price ofAshares on February 21, 2019 (\u20ac27.745), was used to determine the number of shares delivered, resulting in 28,045 A shares for Ben van Beurden and 14,490 A shares for Jessica Uhl. ", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2363": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2363, + "paragraph": "[D] Remuneration for performance periods of more than one year, comprising the value of released LTIP awards. The amounts reported for 2019 relate to the 2017 LTIP award, which vested on March 4, 2020, at the market price of \u20ac19.986 and $45.21 for A shares and A ADSs respectively. The value in respect of the LTIP is calculated as the product of: the number of shares of the original award multiplied by the vesting percentage; plus accrued dividend shares; and the market price of A shares or A ADSs at the vesting date. The market price of A ADSs is converted into euros using the exchange rate on the respective date. Ben van Beurden also received a release of 57,980 RDS A shares under the 2017 Deferred Bonus Plan (DBP) on March 4, 2020. The original deferred bonus share awards, which are those represented by the deferred bonus and dividend shares accrued on these shares are not considered as long-term remuneration as they relate to the 2016 short-term annual bonus value. Share price appreciation accounted for -\u20ac1,603,428 on the LTIP and -\u20ac317,962 on the DBP for Ben van Beurden and -$521,010 on the LTIP for Jessica Uhl.", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2364": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2364, + "paragraph": "[E] For Ben van Beurden, the amount reported for pension consists of a net pay defined contribution amount of \u20ac395,060. The amount to be reported for his defined benefit pension accrual is ", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2365": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2365, + "paragraph": "0calculated in accordance with UK reporting requirements. For Jessica Uhl, the amount reported for pension consists of a defined contribution amount of \u20ac102,709 and a defined benefit pension accrual \u20ac158,012.", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2366": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2366, + "paragraph": "[F] Includes tax equalisation of pension contributions to foreign pension plan(s), when they are taxable above a certain pensionable salary threshold or once a double tax treaty exemption ceases, ", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2367": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2367, + "paragraph": "under Dutch law. Tax equalisation is applied for the loss of pension relief for members of a foreign pension plan(s) in their host country.", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + }, + "2368": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2368, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 144, + "start_index_page": 2348, + "last_index_page": 2368 + } + }, + "145": { + "2369": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2369, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2370": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2370, + "paragraph": "Notes to the single total figure of remuneration forexecutive directors table (audited) Annual bonus The Annual bonus operated in line with the policy as disclosed on page156. ", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2371": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2371, + "paragraph": "After reviewing the mathematical scorecard outcome, and considering thecontext of wider company performance for the year, the REMCO exercised discretion to adjust the scorecard result downwards to 0.43. Thisdownwards adjustment was to reflect the seven fatalities under Shelloperational control duringthe year.", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2372": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2372, + "paragraph": "Determination of the 2019 annual bonus The table below summarises the 2019 annual bonus scorecard measures including their weightings, targets and outcomes. The mathematical scorecard outcome for 2019 was 0.48. Please refer to pages 135-136 foracommentary on the scorecardoutcome.", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2373": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2373, + "paragraph": "Accordingly, the REMCO determined a final bonus outcome of \u20ac800,000 forthe CEO which is 41% of target and 21% of maximum. This is a 73% reduction from 2018. The REMCO determined a final bonus outcome of\u20ac500,000 for the CFOwhich is 41% of target and 21% of maximum. This is a 68% reductionfrom 2018.", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2374": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2374, + "paragraph": "2019 annual bonus outcome (audited) [A][B] ", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2375": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2375, + "paragraph": "Measures Cash flow from operating activities ($ billion) Operational excellence Production (kboe/d) LNG liquefaction volumes (mtpa) Refinery and chemical plant availability (%) Project delivery on schedule (%) Project delivery on budget (%) Sustainable development Total recordable case frequency (injuries/million hours) Operational Tier 1 and 2 process safety events (number) Upstream and Integrated Gas GHG intensity (tonnes of CO2 equivalent/tonne of hydrocarbon production available for sale) Refining GHG intensity (tonnes CO2 equivalent per Solomon\u2019s Utilized Equivalent Distillation Capacity (UEDC\u2122)) Chemicals GHG intensity (tonnes CO2 equivalent/tonne of petrochemicals production)", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2376": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2376, + "paragraph": "Weight (% of scorecard) 30% 50% 12.5% 12.5% 12.5% 6.25% 6.25% 20% 5% 5%", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2377": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2377, + "paragraph": "Score (0-2) 0 0.72 0.16 0.23 1.20 1.50 1.10 0.59 \u2013 0.50", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2378": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2378, + "paragraph": "0.48 Mathematical scorecard outcome Adjusted scorecard outcome 0.43 [A] These metrics measure the effectiveness with which we operate our assets and portfolio base, assessed against our operational business plan. Shell\u2019s longer-term strategic ambitions are measured ", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2379": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2379, + "paragraph": "[B] Scorecard targets are based on Shell\u2019s annual operating plan and increase or decrease year-on-year. In 2019, target refinery and chemical plant availability was lower and target GHG emission ", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2380": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2380, + "paragraph": "intensities higher than 2018, due to planned business activities, reflecting scheduled maintenance and expected market conditions, and portfolio developments. ", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2381": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2381, + "paragraph": "[C] In external disclosure, we may use an alternative performance measure, i.e. CFFO excluding Working Capital, to describe the cash flow generation from our operations without the effect of ", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2382": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2382, + "paragraph": "working capital changes.", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2383": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2383, + "paragraph": "2019 bonus outcome calculation", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2384": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2384, + "paragraph": "\u20ac1,557,000 (base salary) x 125% = \u20ac1,946,250", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2385": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2385, + "paragraph": "\u20ac1,015,000 (base salary) x 120% = \u20ac1,218,000", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2386": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2386, + "paragraph": "2019 scorecard result 0.43", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2387": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2387, + "paragraph": "\u20ac800,000 [A] (51% of base salary) 73% reduction from 2018", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2388": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2388, + "paragraph": "2019 scorecard result 0.43", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2389": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2389, + "paragraph": "\u20ac500,000 [A] (49% of base salary) 68% reduction from 2018", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2390": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2390, + "paragraph": "[A] Rounded downwards to the nearest \u20ac50,000, and half was delivered in shares subject to a three-year holding period which extends beyond the Executive Director\u2019s tenure.", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + }, + "2391": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2391, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 145, + "start_index_page": 2369, + "last_index_page": 2391 + } + }, + "146": { + "2392": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2392, + "paragraph": "LTIP Vesting In 2017, Ben van Beurden was granted a conditional LTIP award of 340% (max 680%) of base salary and Jessica Uhl an award of 270% (max 540%) excluding share price movement and dividends. ", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2393": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2393, + "paragraph": "In making the vesting decision, the REMCO considered Shell\u2019s performance over the three-year vesting period. The REMCO noted the strong performance of Shell relative to both the other oil majors and the wider oil and gas sector in generating shareholder returns, in particular the $61 billion distributed to shareholders in the form of dividends and share buybacks. This strong relative performance led to a very close TSR outcome, with Shell ranking second by a difference of less than 0.4%. Cash performance was also strong with CFFO leading the comparator group on absolute CFFO generated, andFCF was wellabove the cumulative target set for the three-year performance cycle. ROACE has also improved, reflecting the focus on capital discipline. The REMCO also took account of the fact that Shell\u2019s competitors are some of the strongest companies in the industry and achieving relative outperformance is challenging.", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2394": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2394, + "paragraph": "The REMCO also took account of share price at grant (\u20ac25.47 for the CEO and $51.74 for the CFO) and at vest when making the vesting decision. Asthe share price at grant was only 2% higher from the three-month average share price leading up to grant, the REMCO wascomfortable thatthere were no notable windfall gains arising fromthe LTIP vesting.", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2395": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2395, + "paragraph": "Accordingly, the REMCO determined that the LTIP should vest without discretionary adjustment at 147%. This is illustrated opposite. ", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2396": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2396, + "paragraph": "2017 LTIP vesting outcome \u2013 performance metrics", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2397": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2397, + "paragraph": "Relative cash flow fromoperating activities growth", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2398": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2398, + "paragraph": "Absolute FCF \u25a0 Maximum $100bn \u25a0 Target $85bn \u25a0 Threshold $76bn", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2399": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2399, + "paragraph": "The CEO\u2019s and CFO\u2019s vested awards are subject to a further three-year holding period which extends beyond executive director tenure.", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2400": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2400, + "paragraph": "2017 LTIP vesting outcome", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2401": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2401, + "paragraph": "198,900 x 147% = 292,383 RDS A Shares (\u20ac7,446,995) ", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2402": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2402, + "paragraph": "Change in share price: [B] 292,383 x -\u20ac5.484 (-\u20ac1,603,428)", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2403": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2403, + "paragraph": "67,430 RDS A Shares (\u20ac1,347,656)", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2404": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2404, + "paragraph": "54,277 x 147% = 79,787 RDS.A Shares ($4,128,189)", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2405": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2405, + "paragraph": "Change in share price: [B] 79,787 x -$6.53 (-$521,010)", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2406": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2406, + "paragraph": "359,813 RDS A Shares (\u20ac7,191,223) 53% reduction ", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2407": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2407, + "paragraph": "96,382 RDS.A ADS ($4,357,430) 115% increase from 2018 [E] ", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2408": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2408, + "paragraph": "[A] Based on the share price at grant of \u20ac25.47 for Ben van Beurden and $51.74 for Jessica Uhl. [B] Calculated as the share price at vesting date minus the share price at the date of grant for Ben van Beurden \u20ac19.986 \u2013 \u20ac25.47 = -\u20ac5.484 and for Jessica Uhl: $45.21 \u2013 $51.74 = -$6.53 [C] Based on the share price at vesting date of \u20ac19.986 for Ben van Beurden and $45.21 for Jessica Uhl. [D] Vested shares are subject to a two year holding period. [E] Jessica Uhl's LTIP awards which vested in 2018 was made prior to appointment as CFO and were lower in accordance with our principle of internally proportionate ", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2409": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2409, + "paragraph": "pay that increases with seniority. The awards which vested in respect of 2019 were the \ufb01rst granted following promotion to CFO. ", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + }, + "2410": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2410, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 146, + "start_index_page": 2392, + "last_index_page": 2410 + } + }, + "147": { + "2411": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2411, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2412": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2412, + "paragraph": "Overall pay outcome In determining the final pay outcomes, the REMCO also considered the personal performance of the Executive Directors.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2413": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2413, + "paragraph": "Personal performance 2017 \u2013 2019 Key Goals Deliver a world-class investment case", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2414": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2414, + "paragraph": "Ben van Beurden Under the CEO\u2019s leadership, Shell continues to transform, with a clear purpose and well-defined strategic intents that balance societal progress with performance, to deliver higher returns. Over the 2017 \u2013 2019 performance period, financial performance was strong: CFFO was $131 billion, FCF was $93 billion, an all-cash dividend was paid, and the share buyback programme was started ($14.75 billion completed as at January 22, 2020). The $30 billion divestment programme was also completed (in 2018) and investments have been made in a disciplined manner.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2415": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2415, + "paragraph": "In terms of broader company performance, the REMCO recognised the strategic clarity the CEO has provided around the purpose and direction of Shell. Shell has delivered on its commitments to shareholders to date and remains committed to its intent to achieve 2020 targets. Albeit this timeframe is less certain given prevailing weak macroeconomic conditions and challenging outlook.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2416": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2416, + "paragraph": "Thrive in the energy transition", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2417": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2417, + "paragraph": "The CEO continued to lead Shell\u2019s NCF ambition through driving internal plans and targets, integrating business and world-class investment decisions with thriving in the energy transition, and by preparing the organisation for changing investor and customer preferences as the transition unfolds. ", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2418": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2418, + "paragraph": "Strengthen licence to operate", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2419": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2419, + "paragraph": "The CEO continues to lead the way in the energy transition debate externally, forexample, through the first joint statement with institutional shareholders, encouraging other companies to adopt the NCF methodology, and shaping the debate on energy transition. He has been instrumental in galvanising coalitions tostart action on sectoral decarbonisation. His personal role, for example in the Aviation Clean Skies Initiative, is recognised by both customers and external stakeholders. His interventions have helped in shifting the climate agenda towards the practical measures that will be needed for creating sustained demand for lowercarbon products. Shell set and disclosed NCF reduction targets. The CEOextended this measure to the remuneration of 16,500 Shell employees throughthe Performance Share Plan (PSP). In terms of HSSE leadership, performance was mixed, which shows further improvement is required. The 2019 personal injury rate was flat to 2018, followingthe lowest ever injury rate on record in 2017. The fatalities in Shell- operated ventures in 2019 are unacceptable and provide a stark reminder of the need for an ongoing focus on safety. In 2018, there was a notable improvement inoperational process safety, with a reduction in the number of both Tier 1 and Tier2 events. This, however, deteriorated in 2019.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2420": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2420, + "paragraph": "In 2019, Shell published the Industry Associations Climate Review, which assesses alignment with 19 industry associations on climate-related policy and decided not torenew Shell\u2019s membership of one association as a result. ", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2421": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2421, + "paragraph": "Jessica Uhl The CFO demonstrated strong cost and capital discipline leadership. This was enabled by a consistent focus on the strategic management of Shell\u2019s Financial Framework, which hasbeen a key contribution to the health and success of Shellinthe period under review. Key milestones included: the cancellation of the scrip dividend and start of the share buyback programme, sustained investment discipline, reduced costs and a strengthened balance sheet with AA equivalent credit metrics. The introduction of publication of a quarterly update enhances disclosures and increases transparency.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2422": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2422, + "paragraph": "In terms of broader company performance, the REMCO recognised the strategic insight the CFO has provided in termsof effective capital allocation, portfolio and investment decisions that further Shell\u2019s world-class investment case. The CFO further matured the internal management systems relating to carbon dioxide (CO2) in portfolio, planning and resource allocation decisions. ", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2423": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2423, + "paragraph": "The CFO led the publication of the Shell Energy Transition Report, which is aligned with the Task Force on Climate- related Financial Disclosures (TCFD) recommendations and sets out how Shell plans to be resilient to expected changes inthe energy system and how its strategy helps it to thrive asthe world transitions to lower-carbon energy. ", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2424": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2424, + "paragraph": "The CFO maintained a strong financial disclosure, reportingand control framework. ", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2425": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2425, + "paragraph": "The CFO played a key role in Shell\u2019s endorsement of theresponsible tax principles set out by the non-profit organisation, The B Team. In 2019, Shell published its inaugural Tax Contribution Report marking an important steptowards greater transparency around Shell\u2019s approachto paying taxes to governments.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2426": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2426, + "paragraph": "The REMCO considered the quantum of the Single Figure outcomes, and, noting that the CEO\u2019s overall remuneration was 51% lower than in 2018, was satisfied that they represent a fair level of remuneration, taking into account the strong competitive performance from 2017 to 2019 and the significant bonus reduction in 2019 reflecting the number of fatalities andsafety challenges aswell as the lower cash flow and operationalchallenges.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2427": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2427, + "paragraph": "the final scorecard outcome including the downwards discretion applied to the final vesting outcome; the final LTIP vesting outcome; the internal relativity of remuneration compared to the variable payoutcomes for the general workforce based on the group scorecardand Performance Share Plan; and the personal performance of the executive directors.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2428": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2428, + "paragraph": "In finalising its remuneration decisions for 2019, the REMCO considered arange of factors, including: \u25a0 Shell\u2019s performance in 2019 and over the LTIP performance ", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2429": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2429, + "paragraph": " \u25a0 potential risk adjustment considerations, including safety, ethics and compliance and feedback from the Audit and Safety, Environment andSustainability Committees;", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2430": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2430, + "paragraph": "After reflectingonthe above factors, the REMCO was satisfied that theremuneration policies had operated as intended.", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + }, + "2431": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2431, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 147, + "start_index_page": 2411, + "last_index_page": 2431 + } + }, + "148": { + "2432": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2432, + "paragraph": "Pension Ben van Beurden\u2019s pension arrangements comprise a defined benefit planwith a maximum pensionable salary of \u20ac96,729; and a net pay defined contribution pension plan with a 2019 employer contribution of27% of salary in excess of \u20ac96,729. He has the option to take cash asan alternative to pension contributions (in either case subject to incometax) and elected to take his benefit in the form of contributions throughout 2019.", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2433": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2433, + "paragraph": "The employer contribution levels are in line with those applicable to other Netherlands-based employees. Under the Dutch pension regulations applicable to the pension arrangement in which he participates, the contribution rate increases with age and is shown below. ", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2434": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2434, + "paragraph": "At December 31, 2019 the average contribution rate for NL employees who participate in the net pay defined contribution pension arrangement on the same terms as Ben van Beurden was 22%. For reference, in the UK, the average employer contribution rate to the Shell UK defined contribution plan is 20%. ", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2435": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2435, + "paragraph": "Shell Netherlands Pension Stichting Net pay definedcontribution ladder", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2436": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2436, + "paragraph": "Jessica Uhl is a member of the Shell US retirement benefit arrangements, which include the Shell Pension Plan (a defined benefit plan), and a defined contribution plan where she receives an employer contribution of 10% of salary. This is the same as the average employer contribution rate for US employees at December 31, 2019, which was also 10%. As for all other pre-2013 members of the Shell Pension Plan, she has an annual choice of two accrual formulas with different forms of benefits, one in the form of a lifetime annuity and the other allowing for a lump-sum payment. She elected to accrue benefits for 2019 under the former. Approximately 10,000 out of 17,000 Shell US employees have the option of choosing between the two formulas. These arrangements are the same for all employees who joined Shell US at the same time as Jessica Uhl. The difference in pension provision for Jessica Uhl, compared to employees who joined pre-2013, is that her bonus is not pensionable as an Executive Director while for other relevant US employees the bonus is pensionable. She also has a deferred Dutch defined benefit pension plan, as a result ofa prior Shell assignment onlocal Dutch terms and conditions.", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2437": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2437, + "paragraph": "The REMCO believe these arrangements are aligned with the recent corporate governance developments in the UK which emphasise Executive Directors\u2019 pension arrangements being the same for the generalemployee population.", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2438": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2438, + "paragraph": "(2019 rate for Mr van Beurden)", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2439": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2439, + "paragraph": "Scheme interests awarded in 2019", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2440": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2440, + "paragraph": "Scheme interests awarded to Executive Directors in 2019 (audited)", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2441": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2441, + "paragraph": "Scheme interest type LTIP", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2442": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2442, + "paragraph": "Type of interest awarded Performance shares", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2443": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2443, + "paragraph": "End of performance period December 31, 2021", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2444": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2444, + "paragraph": "Target award [A] Ben van Beurden: 194,625 A shares, equivalent to 3.4 x base salary or \u20ac5,293,800. Jessica Uhl: 49,927 AADS shares, equivalent to 2.7 xbase salary or \u20ac2,740,500.", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2445": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2445, + "paragraph": "Potential amount vesting", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2446": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2446, + "paragraph": "Minimum performance (% of shares awarded) [B] 0%", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2447": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2447, + "paragraph": "Maximum performance (% of shares of the target award) [A] Maximum number of shares vesting is 200% of the shares awarded, before dividends.", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2448": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2448, + "paragraph": "[A] The award for Ben van Beurden was based on the closing market price on February 1, 2019, for A shares of \u20ac27.20. The award for Jessica Uhl was based on the closing market price on ", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2449": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2449, + "paragraph": "February1,2019, for A ADSs of $62.84.", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2450": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2450, + "paragraph": "[B] Minimum performance relates to the lowest level of achievement, for which no reward is given.", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + }, + "2451": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2451, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 148, + "start_index_page": 2432, + "last_index_page": 2451 + } + }, + "149": { + "2452": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2452, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2453": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2453, + "paragraph": "The measures and weightings applying to LTIP awards made in 2019 were:energy transition (10%), FCF (22.5%), TSR (22.5%), ROACE growth(22.5%) and cashflow from operating activities growth (22.5%). ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2454": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2454, + "paragraph": "the development of systems to capture and absorb carbon: carbon capture and storage (CCS) and carbon sinks, such as nature-based solutions are required as part of the global response to climate change. ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2455": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2455, + "paragraph": "Absolute measures Energy Transition The energy transition condition is focused on Shell\u2019s strategic ambition tothrive in the energy transition and supports delivery of Shell\u2019s Net Carbon Footprint (NCF)ambition.", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2456": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2456, + "paragraph": "This measure was introduced to the LTIP in 2019 under the existing remuneration policy, in advance of the 2020 policy vote. The conditionconsists of a mix of leading and lagging measures thatsetthefoundations to contribute to Shell\u2019s strategic ambitions inthelongerterm. These will comprise: Lagging measure \u2013 a measure of our progress in meeting our ambition \u25a0 Net Carbon Footprint: a target for reducing the NCF of the energy ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2457": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2457, + "paragraph": "products Shell sells (a carbon intensity measure that takes into account their full life-cycle emissions, including customers\u2019 emissions associated with using them).", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2458": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2458, + "paragraph": "Leading measures \u2013 the levers we will use to drive futureNCF reduction \u25a0 The growth of our power business: growth in the use of electricity ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2459": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2459, + "paragraph": "andcontinuing decarbonisation of electricity by shifting to renewables and gas-fired power generation is recognised as a key lever in all decarbonisation scenarios. Our ambition to grow the power business isbased on selective investments in generation, and in business models based on reselling power generated by others;", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2460": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2460, + "paragraph": " \u25a0 Advanced biofuels technology: biofuels are expected to play a valuable ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2461": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2461, + "paragraph": "role in the changing energy mix and are likely to be the key decarbonisation levers for sectors that need to continue to use liquid fuels in the foreseeable future, such as some segments of transport and industry. For society and for Shell, commercialisation of advanced biofuel technology is one of the most important steps in energy transition; and", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2462": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2462, + "paragraph": "Targets have been set for each element. Progress in the energy transition isnot expected to be linear as it will reflect the pace of change of society as a whole and the speed at which Shell progresses its strategic business objectives. Therefore, most of the targets have been set as ranges. Energy transition targets, with the exception of the NCF target, are considered to be commercially sensitive and will therefore be disclosedretrospectively. Annual updates on our progress in relation to the measures will be provided. The first update on progress is provided at page 147.", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2463": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2463, + "paragraph": "The vesting outcome for the part of the award weighted to the energy transition condition ranges from 0% to 200% of grant. The REMCO, at its sole discretion, will determine vesting outcomes after taking into account achievement against the target ranges and feedback from the Safety, Environment and Sustainability Committee (SESCo). In doing so, the REMCO will take into account, in relation to each element, progress overthe performance period relative to nearer-term aims in pursuit of thelong-term ambition announced by Shell to reduce the NCF of energy products sold by around half by 2050, and by around 20% by 2035, instep with society\u2019s drive to meet the goals of the Paris Agreement. The starting point for determining the vesting outcome will be scoring how many of the targets have been met for each of the four areas. One out offour will equal 40%, two will equal 100%, three will equal 150% and 200% will be achieved for scoring four out of four. However, it is important to note that performance against these elements will serve simply as a starting point for the REMCO, which will also take into account any other considerations it deems appropriate, including (without limitation) the relative importance of these elements in meeting the long-term ambition announced by Shell. For example, the REMCO may decide to allocate agreater emphasis to overallperformance in relation to the NCF than theother three elements. The REMCO believes this approach is ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2464": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2464, + "paragraph": "Operation of energy transition measures in the 2019 LTIP", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2465": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2465, + "paragraph": "Lagging \u2013 NCF reduction target \u25a0 Measured against 2016 base year ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2466": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2466, + "paragraph": "2019 \u2013 2021 performance period \u25a0 Target range 2-3% reduction", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2467": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2467, + "paragraph": "Leading - Drive future NCF reduction \u25a0 Growing our power business \u25a0 Advanced biofuels technology \u25a0 Systems to capture and absorb carbon ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2468": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2468, + "paragraph": "\u25a0 Target ranges \u25a0 Commercially sensitive \u25a0 Disclosed retrospectively", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2469": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2469, + "paragraph": "Thrive in the energy transition", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2470": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2470, + "paragraph": "Energy transition vesting (basis for the Remuneration Committee\u2019s decision) [A]", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2471": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2471, + "paragraph": "\u25a0 10% weighting in 2019: expect to increase over time \u25a0 Combination of leading and lagging measures \u25a0 Targets set as ranges \u25a0 Commercially sensitive targets so will be disclosed ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2472": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2472, + "paragraph": "retrospectively. Annual updates on progress relating to the measures will be provided ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2473": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2473, + "paragraph": "[A] The vesting schedule for the energy transition metric will be based on how many of the four targets are met. 1/4 will equal 40% vesting, 2/4 100%, 3/4 150%, 4/4 200%. ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2474": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2474, + "paragraph": "The Remuneration Committee may take into account other appropriate considerations, after taking advice from the Safety, Environment and Sustainability Committee. For example, increasing the weighting of NCF relative to the other performance conditions in making its vesting discretion. Any use of discretion will be disclosed and explained. ", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + }, + "2475": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2475, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 149, + "start_index_page": 2452, + "last_index_page": 2475 + } + }, + "150": { + "2476": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2476, + "paragraph": "appropriate to reflect the uncertainties around the speed and direction of progress in the energy transition. The application of any discretion will be fully disclosed and explained by theREMCO.", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2477": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2477, + "paragraph": "If the TSR ranking is fourth or fifth, the level of the award that can vestonthe basis of the other measures will be capped at 50% of themaximum. ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2478": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2478, + "paragraph": "FCF The FCF performance condition supports our strategic ambition of being aworld-class investment case, and the delivery of our cash flow priorities, namely: to service and reduce debt, pay dividends, buy back shares andmake future capital investments.", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2479": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2479, + "paragraph": "The target for FCF, along with the ranges for threshold and outstanding performance, will be set by reference to Shell\u2019s annual operating plans, being the aggregate of our plan FCF targets over the three-year performance period. Given FCF is heavily influenced by the volatility of oil and gas prices, the annual operating plans are updated each year to set an annual target to reflect a changing oil price premise. As a result, FCF targets are set annually for each annual operating plan and will only be disclosed in aggregate retrospectively after the three-year period. While consideration has been given to setting a three-year target at the outset, the REMCO has determined that such an approach would require adjustments for oil and gas pricepremise and other matters at the end of the period, given the unpredictability and volatility in oil and gas prices. The REMCO has a long-standing \u2018no adjustments\u2019 policy and therefore believes a more appropriate target-setting approach is to set the target based on the aggregation ofthe annual operating plans.", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2480": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2480, + "paragraph": "The amounts payable under this measure will range from 20% of the available maximum, for threshold performance, to full vesting for outstanding performance. A straight-line vesting schedule will apply forperformance between threshold and outstanding. ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2481": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2481, + "paragraph": "Relative measures The relative measures support our strategic ambition of being a world- class investment by measuring our performance on a number of key financial metrics against the other oil majors. ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2482": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2482, + "paragraph": "For relative measures, we measure and rank growth based on the data points at the end of the performance period compared with those at the beginning of the period, using publicly reported data. \u25a0 TSR, calculated in dollars using a 90-day averaging period around ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2483": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2483, + "paragraph": "thestart and end of the performance period; ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2484": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2484, + "paragraph": " \u25a0 ROACE growth. For this purpose, in order to facilitate the comparison, the calculation of ROACE differs from that described in \u201cPerformance indicators\u201d on page 42 as there is no adjustment for after-tax interest expense; and", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2485": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2485, + "paragraph": " \u25a0 cash flow from operating activities growth.", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2486": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2486, + "paragraph": "Each relative measure can vest independently with the amounts payableranging from 0% to 200%, in accordance with the following vesting schedule: \u25a0 Ranking first equals 200% vesting for the element of the LTIP weighted ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2487": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2487, + "paragraph": " \u25a0 Ranking second equals 150% vesting for the element of the LTIP ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2488": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2488, + "paragraph": " \u25a0 Ranking third equals 80% vesting for the element of the LTIP weighted ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2489": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2489, + "paragraph": " \u25a0 0% vesting for the element weighted to that metric for ranking fourth ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2490": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2490, + "paragraph": "Performance update on absolute measures FCF progress to date on outstanding 2018 LTIP award At December 31, 2019, FCF performance is above target, with an above-target outcome for 2018 of $39 billion (target $29 billion) and belowtarget for 2019 of $26.4 billion (target $35 billion). As one year ofFCF performance remains, and 75% of the award is subject to relativeperformance conditions, this does not reflect the potential vestingof the award. ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2491": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2491, + "paragraph": "FCF progress to date on outstanding 2019 LTIP award At December 31, 2019, FCF performance, $26.4 billion for 2019, is below target ($35 billion). As two years of FCF performance remain, and 77.5% ofthe award is subject to relative and the energy transition performance conditions, this does not reflect the potential vesting of the award. ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2492": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2492, + "paragraph": "Energy Transition progress to date on outstanding 2019LTIPaward The target for the 2019 LTIP grant was a 2-3% reduction from 2016 NCF(79 grams of CO2 equivalent per megajoule). We have received third-party limited assurance on our Net Carbon Footprint for the years 2016 to 2019. For 2019, our Net Carbon Footprint was 78 grams of CO2equivalent per megajoule. ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2493": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2493, + "paragraph": "The targets for the other energy transition metrics are considered commercially sensitive and will not be disclosed until the end of the performance period. Examples of initiatives to progress our ambitions inthe energy transition which the REMCO will take into account in determining the vesting outcome of the 2019 LTIP award, include: the acquisition ofERM Power Ltd (a large Australian business utility), and the WeForest and Forestry and LandScotland NBS projects. ", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2494": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2494, + "paragraph": "Statement of Directors\u2019 shareholding and shareinterests(audited) Shareholding guidelines The REMCO believes that Executive Directors should align their interests with those of shareholders by holding shares in Royal Dutch Shell plc (the Company). The CEO is expected to build a shareholding with a value of 700% of base salary, and the CFO 400% of base salary (increased to 500% from 2020).", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2495": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2495, + "paragraph": "Only unfettered shares count. Unvested shares held under the DBP and any shares delivered but subject to holding requirements, also count towards the guidelines. As at March 5, 2020, Ben van Beurden held shares worth 1,090% of his base salary. At March 5, 2020, Jessica Uhl held 467% of her base salary and has until March 2022 to meet her current shareholding target and January 2024 to meet her revised shareholding target. Non-executive Directors are encouraged to hold shares with a value equivalent to 100% of their fixed annual fee and maintain that holding during their tenure.", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2496": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2496, + "paragraph": "For 2020 the shareholding requirement will be extended to apply post-employment such that the Executive Director will be required to maintain their shareholding requirement, or the number of shares actually held if this is less than the shareholding requirement, for a period of two years post-employment.", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + }, + "2497": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2497, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 150, + "start_index_page": 2476, + "last_index_page": 2497 + } + }, + "151": { + "2498": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2498, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2499": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2499, + "paragraph": "At March 5, 2020, the Directors and Senior Management (pages104-112)of the Company beneficially owned, individually and inaggregate (including shares under option), less than 1% of the total shares of each class of the Company shares. These shareholdings are notconsidered sufficient to affect the independence of the Directors. ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2500": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2500, + "paragraph": "Directors\u2019 scheme interests The table below shows the aggregate position for Directors\u2019 interests under share schemes at December 31. These are A shares for Ben van Beurden and A ADSs for Jessica Uhl. During the period from December 31, 2019, to March 5, 2020, scheme interests have changed as a result of the vesting of the 2017 LTIP and DBP awards on March 4, 2020, and the 2020 LTIP awards made on January 31, 2020, as described on pages 143 and 145-147 respectively.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2501": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2501, + "paragraph": "Directors\u2019 scheme interests (audited)", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2502": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2502, + "paragraph": "LTIP/PSP subject toperformance conditions [B] 2019", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2503": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2503, + "paragraph": "DBP not subject toperformance conditions [C] 2019", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2504": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2504, + "paragraph": "2018 Ben van Beurden 660,814 715,591 173,509 130,180 Jessica Uhl [A] Includes unvested long-term incentive awards and notional dividend shares accrued at ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2505": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2505, + "paragraph": "2018 56,783 159,617 717,597 875,208 \u2013 173,509 130,180", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2506": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2506, + "paragraph": "December 31. Interests are shown on the basis of the original awards. The shares subject to performance conditions can vest at between 0% and 200%. Dividend shares accumulate each year on an assumed notional LTIP/DBP award. Such dividend shares are disclosed and recorded on the basis of the number of shares conditionally awarded but, when an award vests, dividend shares will be awarded only in relation to vested shares as if the vested shares were held from the award date. Shares released during the year are included in the \u201cDirectors\u2019 share interests\u201d table.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2507": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2507, + "paragraph": "[B] Total number of unvested LTIP shares at December 31, including dividend shares accrued ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2508": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2508, + "paragraph": "onthe original LTIP award. ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2509": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2509, + "paragraph": "[C] The number of shares deferred from the bonus (original DBP award) and the dividend shares ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2510": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2510, + "paragraph": "accrued on these at December 31. Delivery of the original DBP award and the related accrued dividend shares is not subject to performance conditions.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2511": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2511, + "paragraph": "Dilution In any 10-year period, no more than 5% of the issued ordinary share capital of the Company may be issued or issuable under executive (discretionary) share plans adopted by the Company, or 10% when aggregated with awards under any other employee share plan operatedby the Company. To date, no shareholder dilution has resultedfrom these plans, although it is permitted under the rules oftheplans subject to these limits. ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2512": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2512, + "paragraph": "Payments to past Directors (audited) Simon Henry left the Company on June 30, 2017. On March 4, 2020, Simon Henry\u2019s 2017 DBP award vested and he received a total of 31,140 RDS B shares, with a value at vesting of 539,158. While the original award of 25,339 RDS B shares was reported in the 2017 Directors\u2019 Remuneration Report, it is included again here in the interest oftransparency. The remaining 5,801 RDS B shares represent accrueddividends paid in accordance with the plan and the value ofthese at vesting was 100,439. ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2513": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2513, + "paragraph": "Payments below \u20ac5,000 are not reported as they are considered deminimis. ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2514": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2514, + "paragraph": "Executive Directors\u2019 shareholding (audited)", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2515": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2515, + "paragraph": "Shareholding guideline (% of base salary) 700% 400%", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2516": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2516, + "paragraph": "Ben van Beurden Jessica Uhl [A] Representing the value of share interests and the estimated after-tax value of DBP shares ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2517": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2517, + "paragraph": "(notsubject to performance conditions).", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2518": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2518, + "paragraph": "Value of shares counting towards guideline (% of base salary at December 31, 2019)[A] 1,136% 265% ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2519": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2519, + "paragraph": "Directors\u2019 share interests The interests (in shares of the Company or calculated equivalents) of the Directors in office during 2019, including any interests of their connected persons, are set out in the table below.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2520": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2520, + "paragraph": "Directors\u2019 share interests (audited) January 1, 2019", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2521": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2521, + "paragraph": " December 31, 2019 B shares", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2522": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2522, + "paragraph": " Executive directors [A] Ben van Beurden Jessica Uhl Non-executive directors Neil Carson Ann Godbehere Euleen Goh Charles O. Holliday Catherine J. Hughes Gerard Kleisterlee Roberto Setubal Sir Nigel Sheinwald Linda G. Stuntz Gerrit Zalm [A] Includes vested LTIP awards subject to holding conditions. Excludes unvested interests ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2523": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2523, + "paragraph": "4,700 [D] 12,895 50,000 [E] 46,904 \u2013 \u2013 1,124", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2524": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2524, + "paragraph": "inshares awarded under the LTIP and DBP.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2525": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2525, + "paragraph": "[B] Held as 10,941 RDS A shares and 25,078 ADS (RDS.A ADS). Each RDS.A represents ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2526": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2526, + "paragraph": "4,700 [D] 12,895 50,000 [E] 51,904 [F]", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2527": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2527, + "paragraph": "[C] Held as 26,590 RDS A shares and 44,789 ADS (RDS.A ADS). Each RDS.A represents ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2528": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2528, + "paragraph": "[D] Held as 2,350 ADSs (RDS.B ADS). Each RDS.B represents two B shares. [E] Held as 25,000 ADSs (RDS.B ADS). Each RDS.B represents two B shares. [F] Held as 46,904 RDS B shares and 2,500 ADS (RDS.B. ADS). Each RDS.B represents ", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2529": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2529, + "paragraph": "[G] Held as 7,700 ADSs (RDS.A ADS). Each RDS.A represents two A shares. [H] Held as 6,200 ADSs (RDS.B ADS). Each RDS.B represents two B shares.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2530": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2530, + "paragraph": "Following the vesting of the 2017 LTIP and DBP awards, and delivery ofthe 2019 bonus in shares, Ben van Beurden\u2019s share interests increased by 233,519 RDS A shares, and Jessica Uhl\u2019s by 5,951 RDS A shares and 58,456RDS.A ADS.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2531": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2531, + "paragraph": "In addition, Ben van Beurden sold 14,510 RDS A shares on January 31, 2020. He also pledged 105,000 RDSA shares as collateral against a mortgage provided by Van Lanschot N.V. who adjusted theirriskpremium associated with the mortgage.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2532": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2532, + "paragraph": "The value of shares counting towards the shareholding guideline (as a percentage of base salary) for the CEO and CFO, were 1,090% and 467%, respectively, atMarch 5, 2020.", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + }, + "2533": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2533, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 151, + "start_index_page": 2498, + "last_index_page": 2533 + } + }, + "152": { + "2534": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2534, + "paragraph": "TSR performance and CEO pay Performance graphs The graphs compare the TSR performance of Royal Dutch Shell plc over the past ten financial years with that of the companies comprising the Euronext 100 andthe FTSE 100 share indices. The Board regards these indices as appropriate broad market equity indices for comparison, as they are the leading market indices in Royal Dutch Shell plc\u2019s home markets.", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2535": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2535, + "paragraph": "Historical TSR performance (RDSA) Value of Hypothetical \u20ac100 Holding", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2536": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2536, + "paragraph": "Historical TSR performance (RDSB) Value of Hypothetical 100 Holding", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2537": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2537, + "paragraph": "\u20ac250 \u20ac225 \u20ac200 \u20ac175 \u20ac150 \u20ac125 \u20ac100 \u20ac75 \u20ac50 \u20ac25 \u20ac0", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2538": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2538, + "paragraph": "Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2539": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2539, + "paragraph": "250 225 200 175 150 125 100 75 50 25 0", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2540": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2540, + "paragraph": "Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2541": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2541, + "paragraph": "CEO pay outcomes The following table sets out the single total figure of remuneration, and the annual bonus payout and long-term incentive (LTI) vesting rates compared with the respective maximum opportunity, for the CEO for the last ten years.", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2542": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2542, + "paragraph": "Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 [A] Ben van Beurden\u2019s single figure for 2014 was impacted by the increase in pension accrual (\u20ac10.695 million) calculated under the UK reporting regulations and tax equalisation (\u20ac7.905 million) ", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2543": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2543, + "paragraph": "Annual bonus payout against maximum opportunity 21% 79% 81% 66% 98% 94% 44% 83% 90% 100%", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2544": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2544, + "paragraph": "LTI vesting rates against maximum opportunity 74% 95% 35% 42% 8% 49% 30% 88% 30% 75%", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2545": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2545, + "paragraph": "Single total figure of remuneration (\u20ac000) 9,963 20,138 8,909 8,593 5,576 24,198 8,456 18,246 9,941 10,611", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2546": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2546, + "paragraph": "CEO Ben van Beurden Ben van Beurden Ben van Beurden Ben van Beurden Ben van Beurden Ben van Beurden [A] Peter Voser Peter Voser Peter Voser Peter Voser", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2547": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2547, + "paragraph": "asaresult of his promotion and prior assignment to the UK. ", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2548": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2548, + "paragraph": "Change in remuneration of Directors and employees from2018 to 2019 As Royal Dutch Shell plc does not have any direct employees, the table below compares the remuneration of the Directors of Royal Dutch Shell plc with an employee comparator group consisting of local employees in the Netherlands, the UK and the USA. The local employee population of these countries is considered to be a suitable employee comparator group because: these are countries with a significant Shell employee base; a large proportion of senior managers come from these countries; and the REMCO considers remuneration levels in these countries when setting ", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2549": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2549, + "paragraph": "base salaries for Executive Directors. For the purposes of comparison, thechange in employee remuneration is calculated by reference to thechange in salary scale, benefits and annual bonus for a notional employee in each of the base countries not by reference to the actual change in pay for a group of employees. ", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2550": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2550, + "paragraph": "Taxable benefits are those that align with the definition of taxable benefits applying in the respective country. In line with the \u201cSingle total figure of remuneration for Executive Directors\u201d table, the annual bonus is included in the year in which it was earned. ", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2551": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2551, + "paragraph": "Change in remuneration of directors and employees Executive Directors UK, US & NL CFO CEO employees 2.0% 3.3% 2.0% -8.0% -36.4% 4.9% -62.2% -73.3% -67.7%", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2552": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2552, + "paragraph": "NC Salaries \u2013 Taxable benefits[A] \u2013 Annual bonus \u2013 [A] The reduction in taxable benefits for employees is principally due to the buyout of a medical insurance allowance paid to Netherlands employees who received a one-off payment of \u20ac4,935 in 2018, ", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2553": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2553, + "paragraph": "which was not received in 2019. For the CEO, benefits are lower in 2019 due to the medical allowance, which he also received, and lower commuting and business required partner travel costs.", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2554": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2554, + "paragraph": "Non-executive directors", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + }, + "2555": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2555, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 152, + "start_index_page": 2534, + "last_index_page": 2555 + } + }, + "153": { + "2556": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2556, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2557": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2557, + "paragraph": "The age at which Ben van Beurden can receive any pension benefit without actuarial reduction is 68 and for Jessica Uhl this is age 65. Anypension benefits on early retirement arereduced using actuarial factors to reflect early payment. No payments were made in 2019 regarding early retirement or in lieu ofretirement benefits. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2558": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2558, + "paragraph": "Please refer to page 145 for further details. (Pension)", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2559": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2559, + "paragraph": "External appointments The Executive Directors held no external appointments in 2019. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2560": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2560, + "paragraph": "Statement of voting at 2019 AGM Shell\u2019s 2019 AGM was held on May 21, 2019, in the Netherlands. The result of the poll in respect of Directors\u2019 remunerationwas as follows: ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2561": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2561, + "paragraph": "Approval of Directors\u2019 Remuneration Report Votes For Against Total cast Withheld [B] [A] Representing 59.71% of issued share capital. [B] A vote \u201cwithheld\u201d is not a vote under English law and is not counted in the calculation of ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2562": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2562, + "paragraph": "Number 4,357,260,297 488,139,305", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2563": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2563, + "paragraph": "Percentage 89.93% 10.07% 100.00% ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2564": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2564, + "paragraph": "theproportion of the votes \u201cfor\u201d and \u201cagainst\u201d a resolution. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2565": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2565, + "paragraph": "The result of the poll in respect of the Directors\u2019 Remuneration Policy approved at the 2017 AGM was as follows:", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2566": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2566, + "paragraph": "Approval of Directors\u2019 Remuneration Policy Number Votes 4,064,279,529 For Against 337,361,835 Total cast Withheld [B] [A] Representing 53.53% of issued share capital. [B] A vote \u201cwithheld\u201d is not a vote under English law and is not counted in the calculation of the ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2567": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2567, + "paragraph": "Percentage 92.34% 7.66% 100.00%", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2568": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2568, + "paragraph": "proportion of the votes \u201cfor\u201d and \u201cagainst\u201d a resolution. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2569": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2569, + "paragraph": "Directors\u2019 employment arrangements and letters ofappointment Executive Directors are employed for an indefinite period. Non-executive Directors, including the Chair, have letters of appointment. Details of Executive Directors\u2019 employment arrangements can be found in the Directors\u2019 Remuneration Policy on page 161.", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2570": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2570, + "paragraph": "Further details of Non-executive Directors\u2019 terms of appointment can be found in the\u201dOther regulatory and statutory information\u201d on page 170 and the \u201cGovernance Framework\u201d report on page118. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2571": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2571, + "paragraph": "Relative importance of spend on pay Distributions to shareholders by way of dividends and share buybacks and remuneration paid to or receivable by employees for the last five years are set out below, together with annual percentage changes. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2572": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2572, + "paragraph": "Relative importance of spend on pay Dividends and ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2573": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2573, + "paragraph": "Spend on pay (all employees) [B]", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2574": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2574, + "paragraph": "Year 2019 2018 2017 2016 2015 [A] Dividends paid, which includes the dividends settled in shares via our Scrip Dividend Programme, and repurchases of shares as reported in the \u201cConsolidated Statement of Changes in Equity\u201d. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2575": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2575, + "paragraph": "$ billion 25.4 20.2 15.6 15.0 12.0", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2576": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2576, + "paragraph": "$ billion 13.2 13.4 14.3 15.7 17.1", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2577": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2577, + "paragraph": "Annual change 26% 29% 4% 25% -18%", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2578": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2578, + "paragraph": "[B] Employee costs, excluding redundancy costs, as reported in Note 26 to the \u201cConsolidated ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2579": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2579, + "paragraph": "Spend on pay can be compared with the major costs associated with generating income by referring to the \u201cConsolidated Statement of Income\u201d. Over the last five years, the average spend on pay was 5% of the major costs of generating income. These costs are considered to be the sum of: purchases; production and manufacturing expenses; selling, distribution and administrative expenses; research and development; exploration; and depreciation, depletion and amortisation. ", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2580": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2580, + "paragraph": "Total pension entitlements (audited) During 2019, Ben van Beurden and Jessica Uhl accrued retirement benefits under defined benefit plans. The pension accrued under these plans at December 31, 2019, is set out below. The exchange rates used for conversion into euros and dollars are at December 31, 2019.", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2581": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2581, + "paragraph": "Accrued pension (audited) Thousand Ben van Beurden [A] Jessica Uhl [B] [A] The accrued benefits are disclosed on a per annum basis. [B] Jessica Uhl has an annual choice of two accrual formulas with different forms of benefits, one in the form of a lifetime annuity and the other allows for a lump-sum payment. She elected to accrue benefits up to 2018 under the former and the eventual lump sum benefit is shown. In 2019, she elected to accrue benefits as a lifetime annuity, the value of this accrued benefit at December 31, 2019 was $3,932 per annum plus a lump sum of $98,281. She also has a deferred Dutch defined benefit pension plan, as a result of a prior Shell assignment on local Dutch terms and conditions. The age at which Jessica Uhl can receive any pension benefit without an actuarial reduction under this plan is 60. The value of the deferred pension benefitis \u20ac3,369 per annum.", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + }, + "2582": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2582, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 153, + "start_index_page": 2556, + "last_index_page": 2582 + } + }, + "154": { + "2583": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2583, + "paragraph": "Workforce engagement The REMCO took a wide perspective in making the remuneration decisions for 2019 and determining the 2020 policy. As examples, in2019the REMCO noted:", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2584": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2584, + "paragraph": "the alignment between Shell\u2019s culture and workforce policies, and incentives and rewards as part of the 2020 remuneration policy review; the planned general employee salary increases in the UK, US and NLwhen determining 2020 base salaries; the scorecard and Performance Share Plan (PSP) outcomes foremployeesindetermining the 2019 variable pay outcomes forExecutiveDirectors; and the CEO pay ratio,which Shell has been voluntarily disclosing inadvance of theregulatory requirement to do so, and gender paygap reporting. ", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2585": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2585, + "paragraph": "Executive remuneration structures in Shell are strongly aligned to the broader Shell pay policy:", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2586": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2586, + "paragraph": "in recent years the Group Scorecard architecture has been identical tothe Executive Committee and Senior Executive Scorecard intermsofmeasures, weightings and targets;", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2587": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2587, + "paragraph": " \u25a0 Executive Directors and Executive Committee members participate ", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2588": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2588, + "paragraph": "inthe Long-Term Incentive Plan. Around 150 Senior Executives participate in the same plan. The measures and metrics for thatplanalso apply to 50% of the PSP awarded to around 16,500employees; and", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2589": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2589, + "paragraph": " \u25a0 all employees in the Group participate in the relevant pension plan ", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2590": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2590, + "paragraph": "fortheir country based on their date of joining. Shell does not operateseparate executive pension arrangements.", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2591": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2591, + "paragraph": "Compensation of directors and senior management During the year ended December 31, 2019, Shell paid and/or accrued compensation totalling $38 million (2018: $43 million) to Directors and Senior Management for services in all capacities while serving as a Director or member of Senior Management, including $3 million (2018: $3million) accrued to provide pension, retirement and similar benefits. The amounts stated are those recognised in Shell\u2019s income on an IFRS basis. See Note 27 to the \u201cConsolidated Financial Statements\u201d. Personalloans or guarantees were not provided to Directors or SeniorManagement.", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2592": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2592, + "paragraph": "CEO pay ratio Shell has chosen to use option A to calculate the CEO pay ratio in accordance with guidance from the UK government that this is the preferred approach and provides the statistically most accurate method for identifying the ratios. Under option A, a comparable single figure for all UK employees has been calculated in order to identify the employee whose pay and benefits are at the 25th, 50th and 75th percentiles for comparison with the CEO. Employee pay has been calculated based onthe total pay and benefits paid in respect of 2019 for all employees who were employed on 31 December 2019. For part-time workers and joiners inthe year, pay and benefits have been annualised based on theproportion of their working time in the UK during the year. This iscalculated with an approach consistent with the methodology for determining those employees\u2019 2019 annual bonuses. The REMCO believesthatthis provides a fair and reasonable calculation of the payratios forShell employees in the UK. ", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2593": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2593, + "paragraph": "2019 Total pay and benefits: Salary: 2018", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2594": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2594, + "paragraph": "25th Percentile pay ratio 147:1 59,419 40,417 202:1", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2595": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2595, + "paragraph": "Median pay ratio 87:1 100,755 56,721 143:1", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2596": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2596, + "paragraph": "75th pay ratio 54:1 161,717 79,991 92:1", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2597": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2597, + "paragraph": "The ratio has changed for 2019 compared to 2018 principally due to the decrease in the Single Figure of remuneration for the CEO. This decrease is due to the lower bonus and LTIP vesting outcomes for 2019 compared to the outcomes in 2018. The pay and benefits for the 25th, 50th and 75th percentile employees have also reduced in relation to 2018. Please refer to page 137 for a discussion of the reasons behind the changes in employee pay and benefits. The REMCO believes these changes are consistent with the Group\u2019s approach to managing pay as well as strategicdevelopments in Shell\u2019s business portfolio. ", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2598": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2598, + "paragraph": "This consistency means that less explanation of executive remuneration structures isrequired than in companies where alignment is not thedefault. ", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + }, + "2599": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2599, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 154, + "start_index_page": 2583, + "last_index_page": 2599 + } + }, + "155": { + "2600": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2600, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2601": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2601, + "paragraph": "Annual bonus scorecard targets are not disclosed prospectively because to do so in a meaningful manner would require the disclosure of commercially sensitive information. As in previous years, scorecard targets will be disclosed in the subsequent Directors\u2019 Remuneration Report when they are no longer deemed to be commercially sensitive.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2602": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2602, + "paragraph": "Long-term Incentive Plan On January 31, 2020, a conditional award of performance shares under the LTIP was made to the Executive Directors resulting in 200,589 Royal Dutch Shell plc A shares (A shares) being conditionally awarded to Ben van Beurden and 59,062 Royal Dutch Shell plc A American Depositary Shares (A ADSs) to Jessica Uhl. The award had a face value of 300% (maximum performance outcome 600%) of the base salary for the CEO and 270% (maximum performance outcome 540%) of the base salary for the CFO, excluding potential share price appreciation and dividends. In making these awards, the REMCO considered the Company\u2019s share price and determined that there was no significant share price volatility that would require an adjustment to the size of the awards.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2603": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2603, + "paragraph": "The award for the CEO has been reduced from a face value award of 340% (maximum vesting outcome 680%) in prior years. This reduction is part of the REMCOs response to addressing quantum and further details are provided on pages 137-138.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2604": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2604, + "paragraph": "For LTIP awards made in 2020, performance will be assessed over athree-year period based on four financial measures and an energy transition condition. ", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2605": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2605, + "paragraph": "The target for the FCF metric is the aggregate of our annual operational business plan FCF targets over the three-year performance period. Theseare considered to be commercially sensitive and will be disclosed retrospectively, with annual updates on progressprovided.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2606": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2606, + "paragraph": "The NCF target range for the 2020 \u2013 2022 LTIP grant is set as a 3-4% reduction from the 2016 NCF of 79g CO2e/MJ. This target is aligned withthe trajectory of our NCF ambition set out in November 2017. Thereis no change to the other energy transition measures other than theadvanced biofuel technology measure is extended to include a measure of alternative fuel development. The targets for the other leadingenergy transition measures are commercially sensitive, andwillbedisclosed retrospectively.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2607": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2607, + "paragraph": "STATEMENT OF 2020 PLANNED IMPLEMENTATIONOFPOLICY The proposed Directors\u2019 Remuneration Policy as outlined on pages 155-163 will,subject to shareholder approval, take effect from May 19, 2020 andwill be effective until the 2023 AGM, unless a further policy isproposed by Shell and approved by shareholders in the meantime. Thissection describes elements that apply for 2020, within the boundariesof the policy.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2608": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2608, + "paragraph": "Executive Directors Salaries Effective from January 1, 2020, the base salaries were set at \u20ac1,588,000 (+2.0%) for Ben van Beurden and at \u20ac1,035,000 (+2.0%) for Jessica Uhl, in accordance with the proposed 2020 remuneration policy as set out on page 156. These increases are consistent with planned salary increases inthe US, UK and NL for the general employee population which range from 1.7% \u2013 3.4%. ", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2609": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2609, + "paragraph": "Annual bonus There are no changes to the scorecard measures and weightings for 2020. Performance measures are comprised of cash flow from operating activities, operational excellence and sustainable development measures. These measures and weightings were reviewed by the REMCO as part of the 2020 policy review, with the REMCO determining that these remain well-aligned with our strategic and operational priorities and consistent with the performance indicators set out on pages 42-44. ", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2610": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2610, + "paragraph": "The performance measures, weightings and link to strategy for the 2020 performance year are set out below:", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2611": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2611, + "paragraph": "2020 annual bonus scorecard measures and weightings Performance measure", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2612": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2612, + "paragraph": "Operational excellence", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2613": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2613, + "paragraph": "Sustainable development", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2614": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2614, + "paragraph": "Aligned with our financial priorities, reflecting our ability to generate cash to service and reduce debt, pay the dividend and fund capital investment.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2615": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2615, + "paragraph": "Representative performance metrics from our main business lines to drive focus onthe operational delivery critical to oursuccess and inspire a shared culture andalignment with our purpose, strategyand values.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2616": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2616, + "paragraph": "These metrics measure the effectiveness withwhich we operate our assets andportfolio base. This operational performance underpins the successful delivery of our financial framework andambitions to progress in the energy transition. Shell\u2019s longer-term strategic ambitions are measured in the LTIP metrics.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2617": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2617, + "paragraph": "We must maintain focus on safety and environmental performance, as this provides assurance to shareholders, employees and society of our commitment to safety and progress inthe energy transition.", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2618": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2618, + "paragraph": "Financial \u25a0 Cashflow from ", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2619": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2619, + "paragraph": "Operational excellence \u25a0 Production \u25a0 LNG liquefaction volumes \u25a0 Refinery and chemical ", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2620": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2620, + "paragraph": "plantavailability \u25a0 Project delivery ", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2621": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2621, + "paragraph": "Sustainable development \u25a0 Safety \u25a0 Environmental performance ", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + }, + "2622": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2622, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 155, + "start_index_page": 2600, + "last_index_page": 2622 + } + }, + "156": { + "2623": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2623, + "paragraph": "2020 LTIP measure and vesting schedule", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2624": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2624, + "paragraph": "Cash flow fromoperating activities growth", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2625": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2625, + "paragraph": "Energy transition Focused on Shell\u2019s strategy to thrive in the energy transition and support delivery of our NCF ambition. ", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2626": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2626, + "paragraph": "Vesting schedule (% of initial LTIP award)", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2627": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2627, + "paragraph": "Vesting based on how many targetsare achieved: 1/4 = 40% 2/4 = 100% 3/4 = 150% 4/4 = 200%", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2628": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2628, + "paragraph": "REMCO may take into account otherappropriate considerations", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2629": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2629, + "paragraph": "Discretion, adjustment (malus) and recovery (clawback) Variable pay elements are subject to adjustment (malus) and recovery (clawback) provisions, which may apply in case of direct responsibility or supervisory accountability. The REMCO may adjust an award, for example by lapsing part or all of it, reducing the number of shares which would otherwise vest, by imposing additional conditions on it, or imposing a new holding period or applying clawback. ", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2630": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2630, + "paragraph": "Please refer to the policy section on pages 157 and 159 for a full description of thecircumstances under which discretion, malus and clawback might beapplied to a variable pay award. ", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2631": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2631, + "paragraph": "Pension Ben van Beurden\u2019s pension arrangements comprise a defined benefit plan for which the maximum pensionable salary has increased to \u20ac98,993 for 2020 and a net pay defined contribution pension plan with an employer contribution of 27% of salary in excess of this amount.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2632": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2632, + "paragraph": "Jessica Uhl\u2019s US retirement benefit arrangements include the Shell Pension Plan, a defined benefit plan, and a defined contribution plan with an employer contribution of 10% of salary. She also hasa deferred Dutch defined benefit pension plan, as a result of a priorShell assignment on local Dutch terms and conditions. ", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2633": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2633, + "paragraph": "Further details of Executive Director pension arrangements can be foundon page 145.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2634": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2634, + "paragraph": "Free cash flow Recognition of the importance of generating cash after net capital expenditure to service and reduce debt, pay dividends, buy back shares and make future capital investments.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2635": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2635, + "paragraph": "Maximum \u2013 200% Target \u2013 100% Threshold \u2013 40% Below threshold \u2013 0%", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2636": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2636, + "paragraph": "TSR Assessment of actual wealth created for shareholders.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2637": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2637, + "paragraph": "ROACE growth Indicator of capital discipline.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2638": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2638, + "paragraph": "Cash flow from operating activities growth Source of capital expenditure commitments which support sustainable growth based on portfolioand cost management.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2639": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2639, + "paragraph": "1st \u2013 200% 2nd \u2013 150% 3rd \u2013 80% 4th or 5th \u2013 nil", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2640": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2640, + "paragraph": "TSR underpin If TSR is in fourth or fifth, vesting on the other measures is capped at50%ofmaximum.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2641": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2641, + "paragraph": "Holding period 3-years post-vesting which remains in force post-tenure.", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + }, + "2642": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2642, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 156, + "start_index_page": 2623, + "last_index_page": 2642 + } + }, + "157": { + "2643": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2643, + "paragraph": "ANNUAL REPORT ON REMUNERATION continued", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2644": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2644, + "paragraph": "Non-executive Directors\u2019 fees", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2645": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2645, + "paragraph": "Non-executive Directors\u2019 fees 2020 Chair of the Board Non-executive Director Senior Independent Director Audit Committee", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2646": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2646, + "paragraph": "Safety, Environment and Sustainability Committee [B]", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2647": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2647, + "paragraph": "Nomination and Succession Committee", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2648": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2648, + "paragraph": "Remuneration Committee", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2649": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2649, + "paragraph": "[A] The chair of a committee does not receive an additional fee for membership of that committee. [B] Formerly the Corporate and Social Responsibility Committee.", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2650": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2650, + "paragraph": "The Chair\u2019s fee is determined by the REMCO and the annual fee for Charles O. Holliday was set at \u20ac850,000 upon appointment in 2015 and will remain unchanged for 2020. The Chair of the Board does not receive anyadditional fee for chairing the Nomination and Succession Committee or attending any other Board committee meeting. ", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2651": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2651, + "paragraph": "The Non-executive Directors receive a basic fee. There are additional feesfor the Senior Independent Director, a Board committee chair or a Board committee member for each committee. Non-executive Directors receive an additional fee of \u20ac5,000 for any Board meeting involving intercontinental travel, except for one meeting a year held in a location other than The Hague. Business expenses (including transport between home and office and occasional business-required spouse travel) and associated tax are paid or reimbursed by Shell. The Chair has use of aShell-provided apartment while in The Hague. ", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2652": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2652, + "paragraph": "Other fees Non-executive Directors receive anadditional fee of \u20ac5,000 for anyBoard meeting involving intercontinental travel \u2013 except foronemeeting a year held in a locationother than The Hague.", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2653": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2653, + "paragraph": "The Board reviews Non-executive Directors\u2019 fees periodically to ensure that they are aligned with those of other major listed companies using theFTSE 30 and the Europe Comparator group as the primary points of reference. The last general review was carried out in 2018 with a review ofthe Nomination and Succession Committee fees in 2019 and fees will remain unchanged for 2020.", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + }, + "2654": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2654, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 157, + "start_index_page": 2643, + "last_index_page": 2654 + } + }, + "158": { + "2655": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2655, + "paragraph": "DIRECTORS\u2019 REMUNERATION POLICY", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2656": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2656, + "paragraph": "The Directors\u2019 Remuneration Policy sets out", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2657": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2657, + "paragraph": " \u25a0 Summary of proposed changes to the Directors\u2019 ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2658": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2658, + "paragraph": "RemunerationPolicy,page 155;", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2659": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2659, + "paragraph": " \u25a0 Executive Directors\u2019 Remuneration Policy,page 156; and \u25a0 Non-executive Directors\u2019 Remuneration Policy,page 162.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2660": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2660, + "paragraph": "This section describes the Directors\u2019 Remuneration Policy (Policy) which, subject to shareholder approval at the 2020 Annual General Meeting (AGM), will come into effect from May 19, 2020, and will be effective until the 2023 AGM, unless a further policy is proposed by Royal Dutch Shell plc (the Company) and approved by shareholders in the meantime.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2661": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2661, + "paragraph": "The principles underpinning the REMCO\u2019s approach to executive remuneration are the foundation for everything we do, and are: \u25a0 Alignment with Shell\u2019s strategy: the Executive Directors\u2019 compensation ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2662": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2662, + "paragraph": "package should be strongly linked to the achievement of stretching targets that are seen as indicators of the execution of Shell\u2019s strategy; ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2663": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2663, + "paragraph": " \u25a0 Pay for performance: the majority of the Executive Directors\u2019 ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2664": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2664, + "paragraph": "compensation (excluding benefits and pensions) should be linked directly to Shell\u2019s performance through variable pay instruments; ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2665": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2665, + "paragraph": " \u25a0 Competitiveness: remuneration levels should be determined by ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2666": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2666, + "paragraph": "reference internally against Shell\u2019s Senior Management and externally against companies of comparable size, complexity and global scope; Long-term creation of shareholder value: Executive Directors should align their interests with those of shareholders by holding shares inShell; \u25a0 Consistency: the remuneration structure for Executive Directors should generally be consistent with the remuneration structure for Shell\u2019s senior management. This consistency builds a culture of alignment with Shell\u2019s purpose and a common approach to sharing in Shell\u2019s success; ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2667": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2667, + "paragraph": " \u25a0 Compliance: decisions should be made in the context of the Shell General Business Principles and Code of Conduct. TheREMCO ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2668": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2668, + "paragraph": "alsoseeks to ensure compliance with applicable laws andcorporategovernance requirements when designing andimplementingpolicies and plans; and ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2669": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2669, + "paragraph": " \u25a0 Risk assessment: the remuneration structures and rewards should meetrisk-assessment tests to ensure that shareholder\u2019s interests aresafeguarded and that inappropriate actions are avoided.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2670": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2670, + "paragraph": "The Executive Directors\u2019 remuneration structure is made up of a fixed element of basic pay and two variable elements: the annual bonus (50% delivered in shares) and the Long-term Incentive Plan (LTIP). Variable pay outcomes are conditional on the successful execution of the operating planin the short term and the delivery of strategic goals and financial outperformance over the longer term. The award of shares under the bonus and LTIP, along with significant shareholding requirements, is intended to ensure executives have a sizeable shareholding in Royal Dutch Shell plc (the Company) and experience the same outcomes as shareholders. ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2671": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2671, + "paragraph": "During 2018 and 2019, the REMCO reviewed the Remuneration Policy to ensure that the Policy continues to be aligned with Shell\u2019s strategy, including delivery of shareholder returns. REMCO determined that while the current policy remains appropriate in many respects, certain changes will support the REMCO to simplify remuneration structures and address the management of quantum. For each area of the policy, the REMCO has considered market practice, the corporate governance environment and feedback from shareholders. TheSafety, Environment and Sustainability Committee (SESCo) has provided input to the development of the sustainable development and energy transition metrics. Any potential conflict of interest is mitigated by the independence of the REMCO members and the REMCO Terms of Reference.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2672": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2672, + "paragraph": "A summary of the main proposed changes to the Policy for the Executive Directors is outlined below. No significant changes are proposed to the Policy forNon-executive Directors.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2673": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2673, + "paragraph": "Remuneration element Annual Bonus", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2674": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2674, + "paragraph": "Proposed Changes to Policy \u25a0 Reduction of the CEO\u2019s target bonus from 150% to 125%; and \u25a0 Removal of the individual performance factor for ExecutiveDirectors.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2675": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2675, + "paragraph": "Long-Term Incentive Plan", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2676": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2676, + "paragraph": " \u25a0 Reduction of the target LTIP grant from 400% to 300% of basesalary; and \u25a0 Inclusion of an energy transition metric.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2677": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2677, + "paragraph": "Rationale for the change \u25a0 Simplification: The asymmetry in the CEO\u2019s bonus structure and the inclusion of individual performance factorswas creating undue complexity; and", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2678": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2678, + "paragraph": " \u25a0 Transparency: The annual bonus is now solely ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2679": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2679, + "paragraph": "linked to the performance of Shell to support clarityand transparency of outcomes.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2680": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2680, + "paragraph": " \u25a0 Management of Quantum: To moderate the ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2681": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2681, + "paragraph": "quantum ofpay and assist the REMCO in managing the range of outcomes; and", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2682": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2682, + "paragraph": " \u25a0 Alignment to Strategy: Inclusion of the energy transition metric strengthens the LTIP\u2019s alignment to the strategy andpurpose. ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2683": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2683, + "paragraph": " \u25a0 Corporate Governance: Assist the REMCO inmanaging therisksfrom behavioural-based incentive schemes; and ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2684": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2684, + "paragraph": " \u25a0 Management of Quantum: To assist the REMCO in managingtherange of outcomes.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2685": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2685, + "paragraph": "Discretion, Malus & Clawback", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2686": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2686, + "paragraph": " \u25a0 After reviewing the single figure outcomes for the year, the REMCO will consider an adjustment ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2687": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2687, + "paragraph": "for the purposes of managing remuneration quantum, taking into account performance, theoperation of theremuneration structures and any other relevant considerations. Anexplanation of any discretionary adjustment would be set out in therelevant Director\u2019sRemuneration Report;", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2688": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2688, + "paragraph": " \u25a0 Alignment of malus and clawback provisions so that these are the same. ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2689": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2689, + "paragraph": "Inclusionofcorporatefailure as an adjustment event; and", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2690": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2690, + "paragraph": " \u25a0 Amendment of provisions in the share plan such that for future grants, awards may be ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2691": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2691, + "paragraph": " \u25a0 New Executive Directors who are members of a defined benefit pension arrangement will have ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2692": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2692, + "paragraph": "their pensionable salary capped at the salary applicable immediately prior to appointment, with the exception of existing US base country participants who will have the bonus removed from the definition of pensionable base salary instead. The Executive Director will join a defined contribution scheme in their base country for contributions made in respect of salary above the defined benefit pensionable salary, or in exceptional circumstances, receive a cashallowance equivalent to the contribution abovethe cap; and", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2693": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2693, + "paragraph": " \u25a0 For recruitment: Explicit confirmation that new appointees, whether internally promoted or newly ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2694": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2694, + "paragraph": "hired, will be provided with a pension in line with the wider workforce intheir base country.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2695": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2695, + "paragraph": " \u25a0 Management of Quantum: To moderate thequantum ofpay and assist the REMCO inmanaging the range of outcomes; and", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2696": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2696, + "paragraph": " \u25a0 Corporate Governance: To adopt best practice ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2697": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2697, + "paragraph": "in line withexternal guidelines.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2698": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2698, + "paragraph": "Shareholding Requirement", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2699": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2699, + "paragraph": " \u25a0 CFO requirement increased to 500% of base salary; and \u25a0 Extended to apply for a period of two years post-employment (at the lower of the shareholding ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2700": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2700, + "paragraph": "requirement or the number of shares held at departure).", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2701": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2701, + "paragraph": " \u25a0 Alignment with Shareholders: Further ", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2702": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2702, + "paragraph": "alignsexecutives with thelong-term interests ofshareholders.", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + }, + "2703": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2703, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 158, + "start_index_page": 2655, + "last_index_page": 2703 + } + }, + "159": { + "2704": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2704, + "paragraph": "DIRECTORS\u2019 REMUNERATION POLICY continued", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2705": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2705, + "paragraph": "Executive Directors\u2019 remuneration policy table Purpose and link to strategy Maximum opportunity Salary and pensionable base salary Provides a fixed level of earningstoattract and retainExecutive Directors.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2706": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2706, + "paragraph": "Operation and performance management", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2707": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2707, + "paragraph": "Reviewed annually with adjustments effective from January 1.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2708": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2708, + "paragraph": "In making salary determinations, the REMCO willconsider: \u25a0 the market positioning of the compensation packages; \u25a0 comparison with Senior Management salaries; \u25a0 the employee context, and planned average salary increase for other employees ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2709": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2709, + "paragraph": "across the Netherlands, the UK and the USA;", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2710": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2710, + "paragraph": " \u25a0 the experience, skills and performance of the Executive Director, or any change ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2711": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2711, + "paragraph": "inthescope and responsibility of their role;", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2712": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2712, + "paragraph": " \u25a0 general economic conditions, Shell\u2019s financial performance, and governance ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2713": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2713, + "paragraph": " \u25a0 the impact of salary increases on pension benefits and other elements of ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2714": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2714, + "paragraph": "Benefits Provides benefits, in line with thoseapplicable to the wider workforce, in order to attract andretain Executive Directors.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2715": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2715, + "paragraph": "For Executive Directors employed outside their base country, euro base salaries aretranslated into their home currency for pension purposes. Pensionable base salaries are maintained in line with euro base salaries taking into account exchangerate fluctuations and other factors as determined by the REMCO. ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2716": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2716, + "paragraph": "The maximum opportunity is the cost ofproviding the benefit under Shell\u2019s standard policy. These costs can vary.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2717": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2717, + "paragraph": "For certain benefits, for example, relocation and tax equalisation, the maximum opportunity will be the grossed-up cost ofmeeting the specific Executive Director\u2019scosts.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2718": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2718, + "paragraph": "Typical benefits include car allowances and home-to-office transport, risk benefits (for example ill-health, disability or death-in-service), security provision, and employer contributions to insurance plans (such as medical). Precise benefits will depend on the Executive Director\u2019s specific circumstances. Post-retirement benefits such as healthcare and ongoing security provision may be applicable. Shell\u2019s mobility policies may apply, such as for relocation and tax return preparation support, as may tax equalisation related to expatriate employment prior to Board appointment, or in other limited circumstances to offset double taxation. The REMCO may adjust the range and scope of the benefits offered in the context of developments for other employees in relevant countries. Personal loans or guarantees are not provided to Executive Directors.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2719": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2719, + "paragraph": " \u25a0 The bonus is determined by reference to performance from January 1 to December 31 ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2720": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2720, + "paragraph": " \u25a0 Annual bonus = base salary x target bonus % x scorecard result (0\u20132); \u25a0 Taking the Shell operating plan into consideration, REMCO sets stretching scorecard ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2721": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2721, + "paragraph": "targets and weightings which support the delivery of the strategy. Measures are related to financial performance, operational excellence and sustainable development. Indicative weightings are 30%, 50% and 20% respectively. This balance ensures that the achievement of short-term financial performance does not undermine future shareholder value creation; ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2722": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2722, + "paragraph": " \u25a0 Scorecard targets will be disclosed in a subsequent Directors\u2019 Remuneration Report ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2723": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2723, + "paragraph": "when they are no longer deemed to be commercially sensitive;", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2724": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2724, + "paragraph": " \u25a0 There are no prescribed thresholds or minimum levels of performance that equateto a ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2725": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2725, + "paragraph": "prescribed payment under the Policy and this structure can result inno bonus being awarded; ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2726": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2726, + "paragraph": " \u25a0 The annual bonus is subject to malus provisions before it is delivered and to clawback ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2727": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2727, + "paragraph": " \u25a0 The REMCO retains the ability to adjust performance measure targets and ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2728": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2728, + "paragraph": "weightingsyear-by-year within the overall target and maximum payouts approved inthe Policy; and ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2729": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2729, + "paragraph": " \u25a0 In the event that another Executive Director joins the Board, the REMCO ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2730": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2730, + "paragraph": "willdetermine their target and maximum bonus, which will not exceed thetargetandmaximum for the CEO. ", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2731": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2731, + "paragraph": "Annual bonus Rewards the delivery of short-term operational targets as derived fromShell\u2019s operating plan.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2732": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2732, + "paragraph": "To reinforce alignment with shareholder interests, 50% is delivered in cash and 50% is delivered in shares. The shares aresubject to a three-year holding period, which applies beyond an Executive Director\u2019s tenure.", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2733": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2733, + "paragraph": "Maximum bonus (as a percentage of basesalary): \u25a0 Chief Executive Officer (CEO): 250% \u25a0 Chief Financial Officer (CFO): 240%", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2734": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2734, + "paragraph": "Target levels (as a percentage of basesalary): \u25a0 CEO: 125% \u25a0 CFO: 120%", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + }, + "2735": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2735, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 159, + "start_index_page": 2704, + "last_index_page": 2735 + } + }, + "160": { + "2736": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2736, + "paragraph": "Executive Directors\u2019 remuneration policy table continued Purpose and link to strategy Long-Term Incentive Plan (LTIP) Rewards longer-term value creation linked to Shell\u2019s strategy. The measures predominantly focus on financial growth and increases in value compared with the other oil majors, supported by measures focused on the achievement ofShell\u2019s ambitions in the energytransition.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2737": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2737, + "paragraph": "Awards may vest at up to 200% of the shares originally awarded, plus dividends.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2738": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2738, + "paragraph": "Target award of 300% base salary.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2739": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2739, + "paragraph": "To reinforce alignment with shareholder interests, shares delivered from vested LTIP awards are subject to a three-year holding period, which applies beyond an Executive Director\u2019s tenure.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2740": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2740, + "paragraph": "Operation and performance management", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2741": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2741, + "paragraph": " \u25a0 Award levels are determined annually by the REMCO within the approved ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2742": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2742, + "paragraph": " \u25a0 Awards may vest between 0% and 200% of the initial award depending on Shell\u2019s performance assessed on either an absolute basis against strategic targets, or on a relative basis against the other oil majors;", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2743": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2743, + "paragraph": " \u25a0 Performance metrics and targets are set by the REMCO at the beginning of the relevant performance period. When setting performance targets, the REMCO allocates weightings to each metric as it considers appropriate taking into account strategic priorities;", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2744": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2744, + "paragraph": " \u25a0 For 2020, performance is assessed over three years based 90% on financial metrics ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2745": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2745, + "paragraph": "(TSR, ROACE, FCF and CFFO) which support our strategic ambition to be a world-class investment case and 10% on a measure focused on thriving in the energytransition; ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2746": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2746, + "paragraph": " \u25a0 Additional shares are released representing the value of dividends payable onthe ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2747": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2747, + "paragraph": "vested shares, as if these had been owned from the award date; ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2748": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2748, + "paragraph": " \u25a0 LTIP awards (net of tax) must be held for a further three years to align with ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2749": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2749, + "paragraph": "Shell\u2019slonger-term time horizon and strategy;", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2750": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2750, + "paragraph": " \u25a0 The LTIP award is subject to malus provisions before it is delivered and to clawback ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2751": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2751, + "paragraph": " \u25a0 The REMCO may adjust or change the LTIP measures, targets and weightings ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2752": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2752, + "paragraph": "toensure continued alignment with Shell\u2019s strategy; and", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2753": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2753, + "paragraph": " \u25a0 In the event that another Executive Director joins the Board the REMCO will ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2754": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2754, + "paragraph": "determine their award level.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2755": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2755, + "paragraph": "Discretion, Malus and Clawback Enables the management of risks from behavioural-based incentive schemes and the REMCO to manage the range of pay outcomes.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2756": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2756, + "paragraph": "Adjustment events exist for the purposes ofapplying malus and clawback.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2757": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2757, + "paragraph": "The REMCO retains discretion to adjust payoutcomes.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2758": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2758, + "paragraph": "Pension Provides a competitive retirementprovision under theindividual\u2019s base country benefits policy, to attract and retainExecutive Directors.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2759": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2759, + "paragraph": "Determined by the rules of the base countrypension plan of which the ExecutiveDirector is a member.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2760": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2760, + "paragraph": "The REMCO retains the discretion to adjust mathematical outcomes of the annual bonus scorecard and / or LTIP vesting for any Executive Director if and to the extent that itconsiders this appropriate at their sole discretion.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2761": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2761, + "paragraph": "The use of any discretion will be disclosed and explained.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2762": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2762, + "paragraph": "The REMCO may adjust pay outcomes for the purposes of managing quantum. This would be done at the REMCO\u2019s discretion after considering single figure outcome for the year, taking into account Shell\u2019s performance, the operation of the remuneration structures and any other relevant considerations. ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2763": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2763, + "paragraph": "Please refer to page 159 for a summary of the defined adjustment events. ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2764": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2764, + "paragraph": "Executive Directors\u2019 retirement benefits are maintained in line with those of the wider workforce in their base country. Only base salary is pensionable, unless country plan regulations specify otherwise and cannot legally be disapplied. The rules of the relevant plans detail the pension benefits which members can receive. The REMCO retains the right to amend the form of any Executive Director\u2019s pension arrangements where appropriate, for example in response to changes in legislation to ensure the original objective of this element of remuneration is preserved.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2765": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2765, + "paragraph": "New Executive Directors, whether internal appointees or external hires, will be provided with a retirement benefit in line with the wider workforce in their base country. For individuals who are members of a defined benefit pension arrangement: \u25a0 The pensionable salary will be capped at the salary applicable immediately priorto ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2766": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2766, + "paragraph": "appointment, with the exception of existing US base country participants who will have the bonus removed from the definition of pensionable base salaryinstead; and", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2767": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2767, + "paragraph": " \u25a0 The Executive Director will join a defined contribution scheme in their base country for contributions made in respect of salary above the defined benefit pensionable salary, or in exceptional circumstances, receive a cash allowance equivalent tothe contribution above the cap. ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2768": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2768, + "paragraph": "Shareholding requirement Aligns interests of Executive Directors with those of shareholders by creating a connection between individual wealth and Shell\u2019s long-term performance.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2769": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2769, + "paragraph": "Shareholding (% of base salary): \u25a0 CEO: 700% \u25a0 CFO: 500%", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2770": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2770, + "paragraph": "Executive Directors are expected to build up their shareholding to the required level over a period of five years from appointment and, once reached, to maintain this level for the full period of their appointment. The intention is for the shareholding guideline to be reached through retention of vested shares from share plans. TheREMCO will monitor individual progress and retains the ability to adjust the guideline in special circumstances on an individual basis.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2771": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2771, + "paragraph": "The Executive Director will be required to maintain their shareholding requirement (or existing shareholding if lower) for a period of two years from the date they cease to be an employee.", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2772": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2772, + "paragraph": "In the event that another Executive Director joins the Board the REMCO will determine their Shareholding requirement level, which will not be less than 200%in line with corporate governance best practice. ", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + }, + "2773": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2773, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 160, + "start_index_page": 2736, + "last_index_page": 2773 + } + }, + "161": { + "2774": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2774, + "paragraph": "DIRECTORS\u2019 REMUNERATION POLICY continued", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2775": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2775, + "paragraph": "Notes to the Executive Directors\u2019 remuneration policytable Comparator group The benchmarking comparator group consists of the other oil majors (BP,Chevron, ExxonMobil, and Total) and a selection of major Europe-based companies. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2776": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2776, + "paragraph": "The comparator companies are reviewed by the REMCO as part of the Remuneration Policy review every three years. The last review took place in 2019 in preparation for the 2020 Directors\u2019 Remuneration Policy vote. No changes to the comparator group are proposed. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2777": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2777, + "paragraph": "The other oil majors are included in the comparator group as these represent our closest direct competitors operating in similar market conditions. The Europe-based companies are selected based on their size, complexity and global reach. The REMCO uses benchmark data from these companies only as a guide to the competitiveness of the remuneration packages. We do not seek to position our remuneration atany defined point against the benchmarked positions. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2778": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2778, + "paragraph": "The REMCO retains the right to alter the comparator group as it sees fit inorderto ensure it remains an appropriate and relevant benchmark. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2779": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2779, + "paragraph": "2020 European comparator group Allianz AstraZeneca BAT Bayer BHP Billiton", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2780": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2780, + "paragraph": "Daimler Diageo GlaxoSmithKline Nestle Novartis", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2781": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2781, + "paragraph": "Rio Tinto Roche Siemens Unilever Vodafone", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2782": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2782, + "paragraph": "Benefits Benefits for Executive Directors deemed taxable in the UK are included astaxable benefits in the single total figure of remuneration table. These elements may include transport to and from home and office, the provision of home security, and occasional business-required partner travel, which are generally considered legitimate business expenses rather than components of remuneration. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2783": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2783, + "paragraph": "Annual bonus For the 2020 performance year, the scorecard framework will consist of cash flow from operating activities (30% weight), operational excellence (50% weight) and sustainable development (20% weight). Targets are derived from the annual business plan. These measures are designed to drive focus on the financial and operational performance critical to our success as a world-class investment case and to maintain a strong licence to operate, underpinned by our commitment to safety and journey to thrive in the energy transition. The REMCO believes it is important for annual variable pay to remain balanced, with operational and environmental components, complementing the LTIP\u2019s focus on longer-term financial andstrategic outcomes. The same annual bonus scorecard applies to themajority of group employees, supporting consistency ofremuneration and alignment of objective across employees andseniormanagement. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2784": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2784, + "paragraph": "For future years, the specific measures and weightings for the annual bonus scorecard will be reviewed annually by the REMCO and adjusted accordingly to evolve with Shell\u2019s strategy and circumstances. The annual review will also consider the scorecard target and outcome history over adecade to ensure that the targets set remain stretching but realistic. The REMCO retains the right to exercise its judgement to adjust the mathematical bonus scorecard outcome to ensure that the bonus scorecard outcome for Executive Directors reflects other aspects of Shell\u2019s performance which the REMCO deems appropriate for the reported year. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2785": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2785, + "paragraph": "Annual bonus \u2013 time horizon", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2786": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2786, + "paragraph": "Net of tax shares held for three years", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2787": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2787, + "paragraph": "Long-term Incentive Plan The LTIP rewards longer-term performance linked to Shell\u2019s strategy, which includes cash generation, capital discipline, value created for shareholders as well as progress towards meeting our ambition to thrive in the energy transition.", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2788": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2788, + "paragraph": "For 2020, the absolute measures will be FCF and energy transition, and relative growth compared with our peers will be based on: TSR,ROACE and CFFO. The relative measures, which focus onoutperforming our closest competitors on key financial metrics, are supported by the absoluteFCF metric which provides cash to service andrepay debt, make shareholder distributions and fund capital investment. These are aligned with our strategic ambition to be a world-class investment case, and are supported by an energy transition measure focused on thriving in the energy transition and delivering our NCF target.", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2789": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2789, + "paragraph": "For the relative measures, 200% vests for first position, 150% for second, 80% for third and 0% for ranking fourth or fifth. The comparator group consists of four of the strongest companies in our industry (BP, Chevron, ExxonMobil and Total). Outperforming Shell\u2019s closest competitors on keyfinancial metrics is challenging. A vesting outcome of 80% for medianperformance (40% of maximum) in a small comparator group isconsidered appropriate by the REMCO. The REMCO is aware that vesting for median performance is generally set at a limit of 25% of maximum for other UK companies. However, these are typically appliedagainst a larger comparator group. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2790": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2790, + "paragraph": "The REMCO will regularly review the measures, weightings and comparator group, and retains the right to adjust these to ensure that theLTIP continues to serve its intended purpose with a stretching level ofchallenge. If the REMCO was to propose any material changes totheLTIP performance metrics, it would consult with major shareholders. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2791": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2791, + "paragraph": "TSR underpin If the TSR ranking is fourth or fifth, the level of the award that can vest onthe basis of the other measures will be capped at 50% of the maximumpayout for the LTIP. ", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2792": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2792, + "paragraph": "The detailed weightings and metrics applicable to the 2020 bonus scorecard are set out on page 152.", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2793": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2793, + "paragraph": "The detailed weightings and metrics applicable to the 2020 grant are set out on page 153.", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + }, + "2794": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2794, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 161, + "start_index_page": 2774, + "last_index_page": 2794 + } + }, + "162": { + "2795": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2795, + "paragraph": "Performance Period LTIP performance is assessed over a three-year period. Vested shares from the LTIP are subject to a further three-year holding period post-vesting. This holding period commences on the date of vesting and remains in force beyond an Executive Director\u2019s tenure. This time horizon is deemed to be suitable for incentive purposes but is recognised as short relative to some of Shell\u2019s operations. However, the REMCO believes that it provides for broad alignment with shareholder interests when coupled with significant shareholding requirements. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2796": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2796, + "paragraph": "forthe purposes of managing remuneration quantum. In making any adjustment to the annual bonus or LTIP vesting outcome for this purpose REMCO will consider the overall level of remuneration for the Executive Director, the operation of the annual bonus, the operation of the LTIP, thewider performance of Shell over the performance periods, as well asthe internal context for other employees. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2797": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2797, + "paragraph": "An explanation of any discretionary adjustment would be set out in the relevant Directors\u2019 Remuneration Report.", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2798": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2798, + "paragraph": "Net of tax shares held for three years", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2799": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2799, + "paragraph": "Discretion, malus and clawback Variable pay awards may be made subject to adjustment events. Atthediscretion of REMCO, such an award may be adjusted before delivery (malus) or reclaimed after delivery (clawback) if an adjustment event occurs. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2800": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2800, + "paragraph": "Adjustment events will be specified in award documentation and it is intended that they will, for example, relate to restatement of financial statements due to material non-compliance with a financial reporting requirement; misconduct by an Executive Director or misconduct through their direction or non-direction; any material breach of health and safety or environment regulations; serious reputational damage to Shell; material failure of risk management; corporate failure; or other exceptional events as determined at the discretion of the REMCO. The REMCO retains the right to alter the list of adjustment events in respect of future awards. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2801": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2801, + "paragraph": "In addition, the REMCO retains the discretion to adjust mathematical outcomes if and to the extent that it considers this appropriate. This power to adjust the outcomes is broad and includes adjusting the outcomes to zero. For example, an adjustment might be made if the REMCO considers: \u25a0 The mathematical outcomes do not reflect the wider financial or ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2802": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2802, + "paragraph": "non-financial performance of RDS or the participant over the performance period;", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2803": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2803, + "paragraph": " \u25a0 The LTIP vesting percentage is not appropriate in the context of ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2804": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2804, + "paragraph": "circumstances that were unexpected or unforeseen at award; and ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2805": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2805, + "paragraph": " \u25a0 There is any other reason why an adjustment is appropriate. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2806": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2806, + "paragraph": "It is not anticipated that discretion would be used for upwards adjustment. If, in exceptional circumstances, it was considered, this would be done only after consultation with major shareholders. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2807": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2807, + "paragraph": "Performance outcomes and/or share price appreciation make it difficult topredict the final amounts delivered under the LTIP at the time of award. In years where the vesting outcome makes the total remuneration inappropriate for any Executive Director, the REMCO will consider an adjustment to the annual bonus outcome or the LTIP vesting outcome ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2808": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2808, + "paragraph": "Treatment of outstanding awards Awards granted prior to the approval and implementation of this Policy and/or prior to an individual becoming an Executive Director will continue to vest and be delivered in accordance with the terms of the original award even if this is not consistent with the terms of this Policy. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2809": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2809, + "paragraph": "As at March 10, 2020, this applies to Executive Directors Ben van Beurden and Jessica Uhl who each have outstanding awards under the LTIP.", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2810": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2810, + "paragraph": "Shareholding The REMCO believes significant shareholding by Executive Directors is animportant way of ensuring that shareholders and Executive Directors share the same priorities. Shareholding is one of Shell\u2019s core remuneration principles as it creates a balanced connection between individual wealth and Shell\u2019s long-term performance. This will support effective governance and an ownership mindset. Significant shareholding requirements reflect the performance timescales of Shell and are aligned with absolute shareholder return.", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2811": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2811, + "paragraph": "The CEO is expected to build up a shareholding of seven times their base salary over five years from appointment. The CFO is expected to build up a shareholding of five times their base salary over the same period. In the event of an increase to the guideline multiple of salary, for every additional multiple of salary required, the director will have one extra year to reach the increased guideline, subject to a maximum of five years from the dateof the change. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2812": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2812, + "paragraph": "Executive Directors will be required to maintain their shareholding requirement (or their existing shareholding if less than the guideline) foraperiod of two years post-employment. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2813": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2813, + "paragraph": "The holding periods for LTIP vested shares and shares delivered as partofthe annual bonus continue to apply after Executive Directors leaveemployment. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2814": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2814, + "paragraph": "Differences for Executive Directors from other employees The remuneration structure and approach to setting remuneration levels isconsistent across Shell, with consideration given to location, seniority and responsibilities. However, a higher proportion of total remuneration istied to variable pay for Executive Directors and members of SeniorManagement. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2815": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2815, + "paragraph": "The salary for each Executive Director is determined based on the indicators in the \u201cExecutive Directors\u2019 remuneration policy table\u201d, which reflect the international nature of the Executive Directors\u2019 labour market. The salary for other employees is normally set on a country basis. ", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + }, + "2816": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2816, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 162, + "start_index_page": 2795, + "last_index_page": 2816 + } + }, + "163": { + "2817": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2817, + "paragraph": "DIRECTORS\u2019 REMUNERATION POLICY continued", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2818": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2818, + "paragraph": "Executive Directors are eligible to receive the standard benefits and allowances provided to other employees. The provisions which are not generally available for other employees are described in \u201cBenefits\u201d. ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2819": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2819, + "paragraph": "The methodology used for determining the annual bonus for Executive Directors is broadly consistent with the approach for Shell employees generally. However, bonuses for the majority of Shell employees are determined taking into account individual and business performance, whereas bonuses for Executive Directors are based solely on business performance. Although the makeup and weightings scorecard used for the majority of Shell employees is currently aligned with the scorecard, these scorecards may differ if required to support the achievement of business objectives. All Executive Directors and Executive Committee members receive 50% of their annual bonus in shares, which are subject toa three-year holding period. ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2820": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2820, + "paragraph": "Executive Directors are not eligible to receive new awards under employee share plans other than the LTIP, although awards previously granted will continue to vest in accordance with the terms of the original award. Selected employees participate in the Performance Share Plan (PSP). The operation of the PSP is similar to the LTIP, but currently differs, forexample, in some performance measures and their relative weightings. As at March 2020, around 51,000 employees participate in one or more of Shell\u2019s global share plans and/or incentive plans, further supporting alignment with shareholder interests. ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2821": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2821, + "paragraph": "Base salary (2020) Benefits (2019 actual) Pension (2020 estimate) Bonus", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2822": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2822, + "paragraph": "125% CEO 120% CFO 300% CEO 270% CFO", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2823": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2823, + "paragraph": "250% CEO 240% CFO 600% CEO 540% CFO", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2824": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2824, + "paragraph": "[A] Maximum assuming 50% share price appreciation.", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2825": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2825, + "paragraph": "Fixed remuneration Annual incentive Long-term incentive Maximum assuming 50% share price appreciation", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2826": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2826, + "paragraph": "Executive Directors\u2019 retirement benefits are maintained in line with those ofthe wider workforce in their base country. ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2827": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2827, + "paragraph": "Fixed remuneration Annual incentive Long-term incentive Maximum assuming 50% share price appreciation", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2828": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2828, + "paragraph": "Recruitment The REMCO determines the remuneration package for new Executive Director appointments. These appointments may involve external orinternal recruitment or reflect a change in role of a current ExecutiveDirector. ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2829": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2829, + "paragraph": "When determining remuneration packages for new Executive Directors, the REMCO will seek a balanced outcome which allows Shell to: \u25a0 attract and motivate candidates of the right quality; \u25a0", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2830": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2830, + "paragraph": "take into account the individual\u2019s current remuneration package andother contractual entitlements; seek a competitive pay position relative to our comparator group, without overpaying; ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2831": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2831, + "paragraph": " \u25a0 encourage relocation if required; and \u25a0 honour entitlements (for example, variable remuneration) of internal ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2832": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2832, + "paragraph": "candidates before their promotion to the Board. The REMCO will follow theapproach set out in the table below when determining theremuneration package for a new Executive Director. ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2833": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2833, + "paragraph": "Illustration of potential remuneration outcomes The charts on this page represent estimates under four performance scenarios (\u201cMinimum\u201d, \u201cOn-target\u201d, \u201cMaximum\u201d and \u201cMaximum, assuming a 50% share price appreciation between award and vest\u201d) ofthe potential remuneration outcomes for each Executive Director resulting from the application of 2020 base salaries to awards made in accordance with the proposed Policy. The majority of Executive Directors\u2019 remuneration is delivered through variable pay elements, which are conditional on the achievement of stretching targets. ", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2834": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2834, + "paragraph": "The REMCO will review the formulaic Single Figure outcome relative tothequality of performance outcomes and adjust these, taking into accountShell\u2019s performance, shareholder experience, the operation of the remuneration structures and any other relevant factors, to ensure that the highest variable pay outcomes are only achieved in years with the highest quality performance.", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2835": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2835, + "paragraph": "The scenario charts are based on future Policy award levels and are combined with projected single total figures of remuneration. The pay scenarios are forward-looking and only serve to illustrate the future Policy. For simplicity, the minimum, on-target and maximum scenarios assume no share price movement and exclude dividend accrual, for the portion of the bonus paid in shares and the LTIP, although dividend accrual during the performance and holding period applies. The scenarios are based on thecurrent CEO (Ben van Beurden) and CFO (Jessica Uhl) roles.", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + }, + "2836": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2836, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 163, + "start_index_page": 2817, + "last_index_page": 2836 + } + }, + "164": { + "2837": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2837, + "paragraph": "Compensation for the forfeiture of any awards under variable remuneration arrangements", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2838": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2838, + "paragraph": "Recruitment \u2013 Remuneration package Approach Component The salary, benefits, annual bonus, long-term incentives and pension benefits will Ongoing remuneration bepositioned and delivered within the framework of the Executive Directors\u2019 remuneration policy. To facilitate external recruitment, one-off compensation in consideration for forfeited awards under variable remuneration arrangements entered into with a previous employer may be required. The REMCO will use its judgement to determine the appropriate level of compensation by matching the value of any lost awards under variable remuneration arrangements with the candidate\u2019s previous employer. This compensation may take the form of a one-off cash payment or an additional award under the LTIP. The compensation can alternatively be based on a newly created long-term incentive plan arrangement where the only participant is the new director. Theintention is that any such compensation would, as far as possible, align to the duration and structure of the award being forfeited. There may also be a need to compensate a new Executive Director in respect of forfeited entitlements other than any awards under variable remuneration arrangements. This could include, for example, pension or contractual entitlements, or other benefits. On recruitment, these entitlements may be replicated within the Executive Directors\u2019 remuneration policy or valued by the REMCO and compensated in cash. ", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2839": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2839, + "paragraph": "Replacement of forfeited entitlements other than any awards under variable remuneration arrangements", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2840": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2840, + "paragraph": "Exceptional recruitment incentive", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2841": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2841, + "paragraph": "In cases of internal promotion to the Board, any commitments made which cannot beeffectively replaced within the Executive Directors\u2019 remuneration policy may, attheREMCO\u2019s discretion, continue to be honoured. Apart from the ongoing annual remuneration package and any compensation in respect of the replacement of forfeited entitlements, there may be circumstances in which the REMCO needs to offer a one-off recruitment incentive in the form of cash orshares to ensure the right external candidate is attracted (e.g. to the industry). The REMCO recognises the importance of internal succession planning but it must also have the ability to compete for talent with other global companies. The necessity and level ofthis incentive will depend on the individual\u2019s circumstances. The intention will be that this is only used ingenuinely exceptional circumstances. New appointees will be provided with a pension in line with the wider workforce in theirbase country. For defined benefit members: \u25a0 The pensionable salary is capped at executive committee level pay for defined ", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2842": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2842, + "paragraph": "benefit purposes (with the exception of participants in the US plan where the bonus isremoved from the definition of pensionable pay; and", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2843": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2843, + "paragraph": " \u25a0 The member joins an appropriate base country defined contribution mechanism ", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2844": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2844, + "paragraph": "inexcess of the cap, or exceptionally a pension cash allowance equivalent to thedefined contribution level is payable in excess of the cap.", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2845": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2845, + "paragraph": "Maximum As stated in the \u201cExecutive Directors\u2019 remuneration policy table\u201d.", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2846": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2846, + "paragraph": "An amount equal to the value of the forfeited variable remuneration awards, as assessed by the REMCO. Consideration will be given to appropriate performance conditions, performance periods and clawback arrangements.", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2847": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2847, + "paragraph": "An amount equal to the value of the forfeited entitlements, as assessed bythe REMCO.", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2848": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2848, + "paragraph": "Subject to the limits set out in the \u201cExecutive Directors\u2019 remuneration policy table\u201d.", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2849": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2849, + "paragraph": "In accordance with the pension provision applicable to the wider workforce in the base country.", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2850": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2850, + "paragraph": "Executive Directors\u2019 employment arrangements andletters of appointment The Dutch Executive Directors are employed for an indefinite period. Executive Directors with the Netherlands as their base country will be employed on the basis of a contract of employment governed by Dutch employment law. For Executive Directors with a base country other than the Netherlands, REMCO will determine their employment arrangements based on a number of considerations, including Dutch immigration requirements and base country retirement benefits. Executive Directors\u2019 employment arrangements are available for inspection at the AGM or onrequest. For further details on appointment and re-appointment of Directors, see the \u201cGovernance Framework\u201d on page 118 and \u201cOther Regulatory and Statutory Information\u201d on page 170. ", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2851": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2851, + "paragraph": "End of employment Notice period Employment arrangements of Executive Directors can generally end by either the employee or the employer providing one month\u2019s notice, or the applicable statutory notice period. For example, under Dutch law, the statutory notice period for the employer will vary in line with the length of service, with the maximum being four months\u2019 notice. Under Dutch law, termination payments are not linked to the contract\u2019s notice period. ", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2852": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2852, + "paragraph": "The Netherlands statutory end-of-employment compensation With effect from July 1, 2015, employment legislation in the Netherlands introduced statutory end-of-employment compensation. Under this legislation, every termination (other than following retirement or for cause) of a Dutch employment contract that has continued for a minimum of two years will give rise to an obligation to pay the departing employee transition compensation (\u201ctransitievergoeding\u201d). The statutory compensation is capped at one times the annual salary, which is deemed to include variable pay such as the annual bonus. Executive Directors are expected not to claim transition compensation or any other applicable statutory compensation over and above the agreed compensation for loss of office as set out in the \u201cEnd of employment\u201d table on page 162.", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2853": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2853, + "paragraph": "Outstanding entitlements In cases of resignation or dismissal for cause, fixed remuneration (base salary, benefits, and employer pension contributions) will cease on the lastday of employment, variable remuneration elements will generally lapse and the Executive Director is not eligible for compensation for lossofoffice. ", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2854": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2854, + "paragraph": "The information, on page 162, generally applies to termination of employment by Shell giving notice, by mutual agreement, or in situations where the employment terminates because of retirement with Shell consent at a date other than the normal retirement date, redundancy orinother similar circumstances at the REMCO\u2019s discretion. ", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + }, + "2855": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2855, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 164, + "start_index_page": 2837, + "last_index_page": 2855 + } + }, + "165": { + "2856": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2856, + "paragraph": "DIRECTORS\u2019 REMUNERATION POLICY continued", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2857": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2857, + "paragraph": "End of employment Provision Compensation for loss of office", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2858": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2858, + "paragraph": "Policy For Executive Directors appointed between January 1, 2011 and December 31, 2016, employment contracts include a cap on termination payments of one times annual pay (base salary plus target bonus). Delivery of compensation is mitigated by a contractual obligation for the Executive Director to seek alternative employment and Shell\u2019s ability to implement phased paymentterms.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2859": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2859, + "paragraph": "For Executive Directors appointed on or after January 1, 2017, the REMCO may offer a termination payment of up to one times base salary (target bonus will not be included). However, REMCO may be obligated to pay statutory compensation over and above the compensation for loss of office to a departing Executive Director who asserts a statutory claim thereto. Delivery of compensation is mitigated by a contractual obligation for the Executive Director to seek alternative employment and Shell\u2019s ability to implement phased payment terms.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2860": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2860, + "paragraph": "The provision of standard end-of-employment benefits such as repatriation costs, security provision and outplacement support may also be included, as deemed reasonable by the REMCO.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2861": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2861, + "paragraph": "The REMCO may adjust the termination payment for any situation where a full payment is inappropriate, taking into consideration applicable law, corporate governance provisions, the applicability of any statutory compensation and the best interests of Shell andshareholders as a whole. Any annual bonus in the year of departure is prorated based on service. Depending on the timing of the departure, the REMCO mayconsider the latest scorecard position or defer payment until the full-year scorecard result is known.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2862": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2862, + "paragraph": "Bonuses delivered in shares represent the bonus which a participant has already earned and carry no further performance conditions; therefore, these shares will be unrestricted at the conclusion of the normal deferral or holding period respectively and no proration will apply. Outstanding awards are prorated on a monthly basis, by reference to the Executive Director\u2019s service within the performance period. They will generally survive the end of employment and will remain subject to the same vesting performance conditions, andmalus and clawback provisions, as if the Executive Director had remained in employment. The three-year holding period will also remain in force for any awards made on or after January 1, 2017. If the participant dies before the end of the performance period, the award will vest at the target level on the date of death. In case of death after the end of the performance period, theaward will vest as described in this Policy.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2863": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2863, + "paragraph": "NON-EXECUTIVE DIRECTORS", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2864": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2864, + "paragraph": "Other remuneration Business expenses incurred in respect of the performance of their duties as a NED will be paid or reimbursed by Shell. Such expenses could include transport between home and office and occasional business-required partner travel. NEDs may receive a token of recognition on retirement from the board. The maximum value for thisis \u20ac300. Where required, the Chair is offered Shell-provided accommodation in The Hague. The REMCO has the discretion to offerother benefits to the Chair as appropriate to their circumstances. Where business expenses or benefits create a personal tax liability tothe Director, Shell may cover the associated tax. ", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2865": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2865, + "paragraph": "The Chair and the other NEDs cannot receive awards under any incentive or performance-based remuneration plans, and personal loans or guarantees are not granted to them. NEDs do not accrue any retirement benefits as a result of their non-executive directorships with Shell.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2866": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2866, + "paragraph": "NEDs are encouraged to hold shares with a value equivalent to 100% of their fixed annual fee and maintain that holding during their tenure. ", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2867": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2867, + "paragraph": "Non-executive Directors\u2019 remuneration policy table Fee structure Non-executive Directors (NEDs) receive afixed annual fee for their directorship. Thesize of the fee will differ based on the position on the Board: Chairof the Board fee or standard Non-executive Director fee.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2868": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2868, + "paragraph": "Approach to setting fees The Chair\u2019s fee is determined by the REMCO. The Board determines the feespayable to NEDs. The maximum aggregate annual fees will be within thelimit specified by the Articles of Association and in accordance with theNEDs\u2019 responsibilities and time commitments. The Board reviews NED fees periodically to ensure that they are aligned with those of other major listed companies.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2869": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2869, + "paragraph": "Additional annual fee(s) are payable to any Director who serves as Senior Independent Director, a Board committee chair, or a Board committee member. A NED receives either a chair or member fee for each committee. This means that achair of a committee does not receive both fees.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2870": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2870, + "paragraph": "NEDs receive an additional fee for any Board meeting involving intercontinental travel \u2013 except forone meeting ayear heldin a location other thanThe Hague.", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + }, + "2871": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2871, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 165, + "start_index_page": 2856, + "last_index_page": 2871 + } + }, + "166": { + "2872": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2872, + "paragraph": "Non-executive Directors\u2019 letters of appointment NEDs, including the Chair, have letters of appointment. NEDs\u2019 letters ofappointment are available for inspection at the AGM or on request. Forfurther details on appointment and re-appointment of Directors, seethe \u201cGovernance Framework\u201d on page 118 and \u201cOther Regulatoryand Statutory Information\u201d on page 170.", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2873": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2873, + "paragraph": "Non-executive Director recruitment The REMCO\u2019s approach to setting the remuneration package for NEDs is to offer fee levels and specific benefits (where appropriate) in line with the \u201cNon-executive Directors\u2019 remuneration policy table\u201d and subject to the Articles of Association. NEDs are not offered variable remuneration or retention awards. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2874": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2874, + "paragraph": "When determining the benefits for a new Chair, the individual circumstances of the future Chair will be taken into account. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2875": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2875, + "paragraph": "Non-executive Director termination of office No payments for loss of office will be made to NEDs. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2876": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2876, + "paragraph": "Consideration of overall pay and employment conditions When setting the Policy, no specific employee groups were consulted. However, Shell seeks to promote and maintain good relations with employee representative bodies as part of its employee engagement strategy, and consults on matters affecting employees and business performance as required. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2877": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2877, + "paragraph": "When determining Executive Directors\u2019 remuneration structure and outcomes, the REMCO reviews a set of information, including relevant reference points and trends, which includes internal data on employee remuneration (for example, employee relations matters in respect of remuneration and average salary increases applying in the Netherlands, UK and the USA). During the Policy review, pay and employment conditions of the wider Shell employee population were taken into account by adhering to the same performance, rewards and benefits philosophy forthe Executive Directors, as well as overall benchmarking principles. Furthermore, any potential differences from other employees (see \u201cDifferences for Executive Directors from other employees\u201d) were taken intoaccount when providing the REMCO with advice in the formation ofthis Policy. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2878": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2878, + "paragraph": "Dialogue between management and employees is important, with the annual Shell People Survey being one of the principal means of gathering employee views on a range of matters. The Shell People Survey includes ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2879": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2879, + "paragraph": "questions inviting employees\u2019 views on their pay and benefit arrangements. Shell also encourages share ownership among employees, and many are shareholders who are able to participate in the vote on the Policy at the AGM.", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2880": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2880, + "paragraph": "The REMCO is kept informed by the CEO, the Chief Human Resources & Corporate Officer and the Executive Vice President Remuneration and HR Operations on the bonus scorecard and any relevant remuneration matters affecting other senior executives, extending to multiple levels below the Board and Executive Committee. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2881": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2881, + "paragraph": "Consideration of shareholder views The REMCO engages with major shareholders on a regular basis throughout the year and this allows it to hear views on Shell\u2019s remuneration approach and test proposals when developing or evolving the Policy. Recent examples of the REMCO responding to shareholder views include: considering the quantum of executive pay and the use of alternative reward structures; introducing the Energy Transition metric tothe LTIP in line with our strategic ambitions; removing the individual performance modifier from the calculation of annual bonus outcomes tomake remuneration structures simpler and more transparent to shareholders; reducing the CEO\u2019s target bonus from 150% to125%; reducing the CEO\u2019sLTIP grant; and enabling thebroader use of discretionto manageremunerationoutcomes.", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2882": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2882, + "paragraph": "The REMCO will review the Policy regularly to ensure it continues to reinforceShell\u2019s long-term strategy and remains closely aligned withshareholders\u2019 interests. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2883": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2883, + "paragraph": "Additional policy statement The REMCO reserves the right to make payments outside the Policy inlimited exceptional circumstances, such as for regulatory, tax or administrative purposes or to take account of a change in legislation orexchange controls, and only where the REMCO considers such payments are necessaryto give effect to the intent of the Policy. ", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2884": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2884, + "paragraph": "Signed on behalf of the Board", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2885": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2885, + "paragraph": "/s/ Linda M. Coulter LINDA M. COULTER Company Secretary March 11, 2020", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + }, + "2886": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2886, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 166, + "start_index_page": 2872, + "last_index_page": 2886 + } + }, + "167": { + "2887": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2887, + "paragraph": "OTHER REGULATORY AND STATUTORY INFORMATION ", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2888": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2888, + "paragraph": "This section of the Annual Report contains the remaining information which the Directors are required to report on each year and for the year ended December 31, 2019. There are other matters that are required to be reported on and that have been disclosed in other sections of the Annual Report, as summarised below:", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2889": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2889, + "paragraph": "Business relationships [A]", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2890": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2890, + "paragraph": "Employee engagement Directors\u2019 interests [B]", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2891": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2891, + "paragraph": "Likely future developments", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2892": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2892, + "paragraph": "This Directors\u2019 Report, together with the Strategic Report, serves as the Management Report for the purpose of Disclosure Guidance and Transparency Rule 4.1.8R. Both the Directors\u2019 Report and Strategic Report have been presented in accordance with and reliance on English law, and the liabilities of the Directors in connection with those reports shall be subject to the limitations and restrictions provided by such law. The Company\u2019s statement on corporate governance, as required by DTR7.2.3R, is incorporated in this Directors\u2019 Report by way of reference. A statement, summarising the Directors\u2019 business relationships with suppliers, customersand others. Information on how the Directors have engaged with employees. The interests (in shares of the Company or calculated equivalents) of the Directors inoffice at the end of the year, including any interests of a \u201cconnected person\u201d.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2893": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2893, + "paragraph": "Changes in Directors\u2019 share interests during the period from December 31, 2019, toMarch 11, 2020. Information relating to likely future developments.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2894": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2894, + "paragraph": "Research and development Diversity and inclusion", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2895": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2895, + "paragraph": "Information relating to Shell\u2019s research and development, including expenditure. Information concerning diversity and inclusion.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2896": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2896, + "paragraph": "Employee communication and involvement Corporate social responsibility", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2897": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2897, + "paragraph": "Greenhouse gas emissions", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2898": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2898, + "paragraph": "This includes information on the equal opportunities in recruitment, career development, promotion, training and rewards for all our people, including those with disabilities. Information concerning employee communication and involvement.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2899": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2899, + "paragraph": "A summary of Shell\u2019s approach to corporate social responsibility.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2900": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2900, + "paragraph": "Further details will be available in the Shell Sustainability Report 2019. A list of our subsidiaries, joint ventures and associates.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2901": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2901, + "paragraph": "Our activities and interests are operated through subsidiaries, branches of subsidiaries, joint ventures and associates which are subject to the laws and regulations of many different jurisdictions. Information relating to greenhouse gas emissions.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2902": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2902, + "paragraph": "Detail on risk factors Information on emerging risks ", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2903": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2903, + "paragraph": "Financial risk management, objectives and policies", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2904": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2904, + "paragraph": "Listing rule information [C]", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2905": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2905, + "paragraph": "Descriptions of the use of financial instruments and Shell\u2019s financial risk management objectives and policies, and exposure to market risk (including price risk), credit risk andliquidity risk. Information concerning the amount of interest capitalised by Shell.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2906": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2906, + "paragraph": "Listing rule information [C]", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2907": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2907, + "paragraph": "The Remuneration Committee Report", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2908": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2908, + "paragraph": "Listing rule information [C]", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2909": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2909, + "paragraph": "Details of the Company\u2019s long-term incentive schemes as required by LR 9.4.3R", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2910": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2910, + "paragraph": "Significant shareholdings", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2911": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2911, + "paragraph": "Information concerning significant shareholdings.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2912": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2912, + "paragraph": "Directors\u2019 Report: pages 113-163 Strategic Report: pages 6-101", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2913": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2913, + "paragraph": "Directors\u2019 Report: pages104-171", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2914": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2914, + "paragraph": "Strategic Report: pages 6-101", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2915": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2915, + "paragraph": "Annual Report on Remuneration: pages148", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2916": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2916, + "paragraph": "Provided throughout the Strategic Report: pages 6-101 Shell Story: pages 12-18 Our people: pages 99-101", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2917": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2917, + "paragraph": "Environment and society: pages 84-90 Our people: pages 99-101", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2918": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2918, + "paragraph": "Additional Information, Appendix 1: pages 282-306", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2919": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2919, + "paragraph": "Climate change and energy transition: pages 84-98 pages 27-36 of the StrategicReport Other regulatory and statutory information: pages 164-171 Consolidated Financial Statements: Note 19, pages 227-231", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2920": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2920, + "paragraph": "Consolidated Financial Statements: Note 6, page 209 Directors\u2019 Remuneration Report: pages 135-163 Directors\u2019 Remuneration Report: pages 135-163 Additional information: page 274-275", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2921": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2921, + "paragraph": "[A] This meets the purposes of Schedule 7 to The Companies (Miscellaneous Reporting) Regulations 2018. [B] \u201cConnected person\u201d has the meaning given to \u201cperson closely associated\u201d within the Market Abuse Regulation. [C] This information is given in accordance with Listing Rule 9.8.4R. Further information in connection with Listing Rule 9.8.4R is contained in the remainder of \u201cOther Statutory Information\u201d ", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2922": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2922, + "paragraph": "whichfollows on pages 165-171.", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + }, + "2923": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2923, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 167, + "start_index_page": 2887, + "last_index_page": 2923 + } + }, + "168": { + "2924": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2924, + "paragraph": "DISCLOSURE OF INFORMATION TO AUDITORS In accordance with section 418 of the Act, each of the persons who is a Director at the date of approval of this Report confirms that, so far as the Director is aware, there is no relevant audit information of which the Company\u2019s auditor is unaware. The Director has taken all steps that he or she ought to have taken as a Director in order to make himself or herself aware of any relevant audit information and to establish that the Company\u2019s auditor is aware of that information.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2925": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2925, + "paragraph": "FINANCIAL STATEMENTS, DIVIDENDS AND DIVIDENDPOLICY The \u201cConsolidated Statement of Income\u201d and \u201cConsolidated Balance Sheet\u201d can be found on pages 191 and 192 respectively.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2926": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2926, + "paragraph": "The Board aims to grow the dividend per share through time in line with its view of the underlying business earnings and cash flow of the Shell group. When setting dividends, the Board looks at a range of factors, including the macro-environment and the Company\u2019s current balance sheet, future investment plans and existing commitments. In addition, theBoard could choose to return cash through share buybacks, subject tothe capital requirements of the Shell group.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2927": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2927, + "paragraph": "The Board is aware of a consultation undertaken in 2019 by the Investment Association on behalf of BEIS to review the practice of shareholder distributions being made that have not been voted on byshareholders. The Board will consider the outcome of this review onceit is published.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2928": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2928, + "paragraph": "Interim dividends are currently declared by the Board and paid on a quarterly basis. Shell does not currently pay a \u201cfinal\u201d dividend, which would need to be voted on by shareholders, requiring the introduction ofaresolution at the AGM. This would delay the payment of the fourth quarter dividend (currently paid in late March) until after the AGM, which is towards the end of May, a delay of around seven weeks. Our approach to dividend payments is not uncommon for companies distributing returns to shareholders on aquarterly basis.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2929": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2929, + "paragraph": "On December 18, 2019, Shell announced the introduction of US dollar asadditional currency election for the payment of dividends, alongside euro and sterling, and highlighted that its dividend will be settled with its shareholders fully electronically either in CREST or via interbank transfers.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2930": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2930, + "paragraph": "The Directors have announced a fourth-quarter interim dividend as set outin the table below, payable on March 23, 2020, to shareholders onthe Register of Members at close of business on February 14, 2020. The closing date for dividend currency elections was February 28, 2020 [A] and the euro and sterling equivalents announcement date wasMarch 9,2020. [A] A different dividend currency election date may apply to shareholders holding shares in a ", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2931": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2931, + "paragraph": "securities account with a bank or financial institution ultimately through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Such shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2932": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2932, + "paragraph": "VIABILITY STATEMENT The \u201cStrategic Report\u201d includes information about Shell\u2019s strategy, financial condition, cash flows and liquidity, as well as the factors, including the principal risks, likely to affect Shell\u2019s future development. \u201cShell story\u201d describes Shell\u2019s business model, including competitive advantages and key strengths. The Directors assess Shell\u2019s prospects atboth an operating and strategic level, each involving different time horizons. To this end, the Directors assess Shell\u2019s portfolio and strategy against a wide range of outlooks, including assessing the potential impacts of various possible energy transition pathways and scenarios forchanges in societal expectations in relation to climate change. Shell recognises in its strategy that the world is transitioning to a lower-carbon energy system (see \u201cClimate change and energy transition\u201d). The Risk Factors section provides an overview of the principal risks Shell is exposedto in its operations.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2933": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2933, + "paragraph": "On an annual basis, the Directors approve a detailed three-year operating plan, which forecasts Shell\u2019s cash flows and ability to service financing requirements, pay dividends and fund investing activities during the period. Shell\u2019s three-year operating plan includes assumptions in relation to internal and external parameters. Some of the key assumptions include the impact of commodity prices, exchange rates, future carbon costs, agreements like LNG contract renewals, and schedules of growth programmes. Considering the degree of change possible in these parameters, Shell has deemed a three-year period of assessment appropriate for the longer-term viability statement.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2934": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2934, + "paragraph": "$ 0.94 Q1 0.94 Q2 0.94 Q3 0.94 Q4 [A] 3.76 Total announced in respect of the year [A] Amount paid during the year [A] 3.76 [A] It is expected that holders of B shares will receive dividends through the dividend access mechanism applicable to such shares. The dividend access mechanism is described more fully on page 268.", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2935": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2935, + "paragraph": "pence 36. 97 38. 0 1 35. 73 36. 40 147. 1 1 146.65", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2936": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2936, + "paragraph": "B shares [A] pence 36.97 38.01 35.73 36.40 147. 1 1 146.65", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2937": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2937, + "paragraph": "A shares \u20ac 0.42 0.43 0.42 0.42 1.68 1.68", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2938": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2938, + "paragraph": "A ADSs $ 0.94 0.94 0.94 0.94 3.76 3.76", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + }, + "2939": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2939, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 168, + "start_index_page": 2924, + "last_index_page": 2939 + } + }, + "169": { + "2940": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2940, + "paragraph": "OTHER REGULATORY AND STATUTORY INFORMATION continued", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2941": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2941, + "paragraph": "During 2019, 320.1 million A shares, and 16.1 million B shares, with nominalvalues of \u20ac23.6 million ($28.4 million) respectively (4.27% of theCompany\u2019s total issued share capital at December 31, 2019) were purchased and cancelled for a total cost of $10.2 billion including expenses, at an average price of $30.25 per share. The purpose of the shares repurchased in 2019 under the share buyback programme is to reduce the issued share capital of the Company. This is to offset the number of shares issued under the Scrip Dividend Programme and to significantly reduce the equity issued in connection with the Company\u2019s combination with BG Group. The Scrip Dividend Programme was cancelled with effect from the fourth quarter 2017 interim dividend. More information can be found at www.shell.com/scrip. From January 1, 2020, to January 24, 2020, the end of the sixth tranche of the share buyback programme, a further 23.2 million A shares (0.29% of the Company\u2019s totalissued share capital at December 31, 2019) were purchased for cancellation for a total cost of $0.7 billion including expenses, at an average price of $29.63 per share. This means that 624 million shares could still be repurchased under the current AGMauthority.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2942": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2942, + "paragraph": "The Board continues to regard the ability to repurchase issued shares insuitable circumstances as an important part of Shell\u2019s financial management. A resolution will be proposed at the 2020 AGM to renew the authority for the Company to purchase its own share capital, up tospecified limits, for a further year. This proposal will be described inmore detail in the Notice of Annual General Meeting.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2943": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2943, + "paragraph": "BOARD OF DIRECTORS The names of the Directors that held office during the year can be foundon pages 104-112. Information on the Directors who are seeking appointment or reappointment is included in the Notice of Annual General Meeting.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2944": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2944, + "paragraph": "QUALIFYING THIRD-PARTY INDEMNITIES The Company has entered into a Deed of Indemnity (Deed) with each Director of the Company who served during the year. The terms of each ofthese Deeds are identical and they reflect the statutory provisions on indemnities contained in the Companies Act 2006 (CA 2006). Under the terms of each Deed, the Company has agreed to indemnify the Director, to the widest extent permitted by the CA 2006, against any loss, liability or damage, howsoever caused (including in respect of a Director\u2019s own negligence), suffered or incurred by a Director in respect of their acts or omissions while or in the course of acting as a Director or employee of the Company, any associated company or affiliate (within the meaning of theCA 2006). In addition, the Company shall lend funds to Directors asrequired to meet reasonable costs and expenses incurred or to be incurred by them in defending any criminal or civil proceedings brought against them in their capacity as a Director or employee of the Company, associated company or affiliate, or, in connection with certain applications brought under the CA 2006. The provisions in the Company\u2019sArticles relating to arbitration and exclusive jurisdiction areincorporated, mutatis mutandis, into the Deeds entered into by eachDirector and the Company.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2945": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2945, + "paragraph": "In making the viability assessment, the Directors have also considered the financial impact of each of the following severe but possible scenarios that could threaten Shell\u2019s viability. In reviewing these stress tests, the Directors have considered possible mitigation steps and have made certain assumptions regarding the availability of future funding options, including credit lines and debt facilities, possible assets disposals, and the ability to flex the levels of shareholder returns and to raise future financing in line with the operating plan window.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2946": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2946, + "paragraph": "Link to principal risks [A] [B]", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2947": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2947, + "paragraph": "Scenario A significant HSSE event A low oil and gas price environment with $40/bbl Brent (nominal prices) over the three year planning period A significant HSSE event in a low oil and gas price environment Sustained impact from politically adverse developments, lower growth indeveloping countries, as well as lower growth in Europe Unplanned shut down of a major cash generating asset for a year [A] The nature of our operations exposes us, and the communities in which we work, to a wide ", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2948": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2948, + "paragraph": "range of health, safety, (cyber) security and environment risks.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2949": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2949, + "paragraph": "[B] We are exposed to macro-economic risks including fluctuating prices of crude oil, natural gas, ", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2950": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2950, + "paragraph": "oil products and chemicals.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2951": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2951, + "paragraph": "[C] We are exposed to treasury and trading risks, including liquidity risk, interest rate risk, foreignexchange risk and credit risk. We are affected by the global macroeconomic environment as well as financial and commodity market conditions.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2952": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2952, + "paragraph": "Taking account of Shell\u2019s position and principal risks at December 31, 2019, the Directors have a reasonable expectation that Shell will be ableto continue in operation and meet its liabilities as they fall due overitsthree-year operating plan period. ", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2953": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2953, + "paragraph": "NON-FINANCIAL INFORMATION STATEMENT The Non-Financial Information Statement below forms part of the Strategic Report on pages 6-101.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2954": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2954, + "paragraph": "Non-Financial Information Statement Reporting requirement Business model Non-financial KPIs Environmental matters", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2955": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2955, + "paragraph": "Where to read more in this report The Shell Story Performance indicators Environment and society, Climate changeand energy transition Our people and Directors Report Environment and society Environment and society Our people", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2956": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2956, + "paragraph": "Employees Social matters Respect for human rights Anti-corruption and anti-bribery matters", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2957": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2957, + "paragraph": "REPURCHASES OF SHARES The Group announced, on July 26, 2018, the start of a share buyback programme of at least $25 billion by the end of 2020 subject to further progress with debt reduction and oil price conditions. At the 2019 AGM, shareholders granted an authority for the Company to repurchase up to amaximum of 815 million of its shares (excluding purchases for employee share plans). This authority expires on the earlier of the close of business on August 21, 2020, or the end of the 2020 AGM.", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + }, + "2958": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2958, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 169, + "start_index_page": 2940, + "last_index_page": 2958 + } + }, + "170": { + "2959": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2959, + "paragraph": "RELATED PARTY TRANSACTIONS Other than disclosures given in Notes 9, 27 and 29 to the \u201cConsolidated Financial Statements\u201d on pages 213, 237, and 238, there were no transactions or proposed transactions that were material to either the Company or any related party. Nor were there any transactions with anyrelated party thatwereunusual in their nature or conditions.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2960": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2960, + "paragraph": "POLITICAL CONTRIBUTIONS No donations were made by the Company or any of its subsidiaries to political parties or organisations during the year. Shell Oil Company administers the non-partisan Shell Oil Company Employees\u2019 Political Awareness Committee (SEPAC), a political action committee registered with the US Federal Election Commission. Eligible employees may make voluntary personal contributions to the SEPAC.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2961": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2961, + "paragraph": "RECENT DEVELOPMENTS AND POST-BALANCE SHEETEVENTS See Note 29 to the \u201cConsolidated Financial Statements\u201d on page 238.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2962": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2962, + "paragraph": "SHARE CAPITAL The Company\u2019s issued share capital at December 31, 2019, is set out in Note 20 to the \u201cParent Company Financial Statements\u201d on pages 257-265. The percentage of the total issued share capital represented by each class of share is given below.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2963": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2963, + "paragraph": "Share capital percentage Share class A B Sterling deferred", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2964": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2964, + "paragraph": "TRANSFER OF SECURITIES There are no restrictions on transfer or limitations on the holding of the ordinary shares other than under the Articles, under restrictions imposed by law or regulation (for example, insider trading laws) or pursuant to theCompany\u2019s Share Dealing Code. ", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2965": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2965, + "paragraph": "SHARE OWNERSHIP TRUSTS AND TRUST-LIKE ENTITIES Shell has three primary employee share ownership trusts and trust-like entities: a Dutch foundation (stichting) and two US Rabbi Trusts. The shares held by the Dutch foundation are voted by its Board and the shares in the US Rabbi Trusts are voted by the Voting Trustee, Newport Trust Company. Both the Board of the Dutch foundation and the Voting Trustee are independent of Shell.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2966": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2966, + "paragraph": "The UK Shell All Employee Share Ownership Plan has a separate related share ownership trust. Shares held by the trust are voted by its trustee, Computershare Trustees Limited, as directed by the participants.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2967": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2967, + "paragraph": "AUDITOR A resolution relating to the appointment of Ernst & Young LLP as auditor forthe financial year 2020 will be proposed at the 2020 AGM.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2968": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2968, + "paragraph": "ANNUAL GENERAL MEETING The AGM will be held on May 19, 2020, at the Circustheater, Circusstraat 4, 2586 CW, The Hague, the Netherlands. The Notice of Annual General Meeting will include details of the business to be put to shareholders at theAGM.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2969": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2969, + "paragraph": "CONFLICTS OF INTEREST In accordance with the Act and the Articles, the Board may authorise any matter that otherwise may involve any of the Directors breaching their duty to avoid conflicts of interest. The Board has adopted a procedure toaddress these requirements. Detailed conflict of interest questionnaires are reviewed by the Board and, if considered appropriate, authorised. Conflicts of interest as well as any gifts and hospitality received by andprovided by Directors are kept under review by the Board. Further information relating to conflicts of interest can be found in the Articles, available on the website.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2970": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2970, + "paragraph": "SIGNIFICANT COMMITMENTS OF THE CHAIR The Chair\u2019s other significant commitments are given in his biography on page 104.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2971": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2971, + "paragraph": "SHELL GENERAL BUSINESS PRINCIPLES The Shell General Business Principles define how Shell subsidiaries are expected to conduct their affairs and are underpinned by the Shell core values of honesty, integrity and respect for people. These principles include, among other things, Shell\u2019s commitment to support fundamental human rights in line with the legitimate role of business and to contribute tosustainable development. They are designed to mitigate the risk of damage to our business reputation and to prevent violations of local and international legislation. They can be found at www.shell.com/sgbp. See\u201cRisk factors\u201d on page 27-36.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2972": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2972, + "paragraph": "SHELL CODE OF CONDUCT Directors, officers, employees and contract staff are required to comply with the Shell Code of Conduct, which instructs them on how to behave inline with the Shell General Business Principles. This Code clarifies the basic rules and standards they are expected to follow and the behaviour expected of them. These individuals must also complete mandatory Codeof Conduct training.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2973": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2973, + "paragraph": "Designated individuals are required to complete additional mandatory training on antitrust and competition laws, anti-bribery, anti-corruption and anti-money laundering laws, financial crime, data protection laws andtrade compliance requirements (see \u201cRisk factors\u201d on page 35). The Shell Code of Conduct can be found at www.shell.com/codeofconduct.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2974": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2974, + "paragraph": "CODE OF ETHICS Executive Directors and Senior Financial Officers of Shell must also comply with the Code of Ethics. This Code is specifically intended to meet the requirements of Section 406 of the Sarbanes-Oxley Act. It can be found at www.shell.com/codeofethics.", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + }, + "2975": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2975, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 170, + "start_index_page": 2959, + "last_index_page": 2975 + } + }, + "171": { + "2976": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2976, + "paragraph": "OTHER REGULATORY AND STATUTORY INFORMATION continued", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2977": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2977, + "paragraph": "Shell General Business Principles", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2978": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2978, + "paragraph": "RDS plc and Other Legal entities", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2979": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2979, + "paragraph": "Businesses and functions", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2980": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2980, + "paragraph": " The Foundation elements of the Shell Control Framework define the principles that underpin the Shell Group\u2019s activities.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2981": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2981, + "paragraph": " The Management processes defines activities critical to an effective control framework.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2982": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2982, + "paragraph": " The Structural component defines how Businesses and Functions facilitate achievement of the Shell group\u2019s overall business objectives, while respecting the separate legal identity of the Individual Shell companies that implement them.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2983": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2983, + "paragraph": "The Audit Committee met six times this year and received regular reports from the Chief Internal Auditor on notable internal audits and those with asignificant impact on control effectiveness. The Audit Committee also reviewed significant financial, business and compliance control incidents and received regular reports on business integrity issues. The Audit Committee also requested updates on specific financial, operational and compliance control issues throughout the year. The Audit Committee Chair provided an update to the Board after every Audit Committee meeting.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2984": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2984, + "paragraph": "During and after such reports, the Board has an opportunity to request further information and/or ask clarifying questions, which it does to varying degrees depending on the issue. Similarly, the Chairs of the Safety, Environment and Sustainability Committee (SESCo) and the Nigeria Special Litigation Committee, an ad hoc Board Committee, alsoprovide regular updates after each of their respective meetings covering, among other matters, the respective aspects of controls that they monitor pursuant to their Terms of Reference. The Audit Committee and SESCo minutes, once approved, are further provided to the Board and incorporated into Board minutes to ensure full access to and review by ", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2985": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2985, + "paragraph": "INDEPENDENT PROFESSIONAL ADVICE All Directors may seek independent professional advice in connection withtheir role as a Director. All Directors have access to the advice and services of the Company Secretary. The Company has provided both indemnities and directors\u2019 and officers\u2019 insurance to the Directors in connection with the performance of their responsibilities. Copies of these indemnities and the directors\u2019 and officers\u2019 insurance policies are open toinspection. A copy of the form of these indemnities has been previously filed with the Securities and Exchange Commission.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2986": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2986, + "paragraph": "RESULTS PRESENTATIONS AND ANALYSTS\u2019 MEETINGS The planned dates of the quarterly, half-yearly and annual results presentations, as well as all major analysts\u2019 meetings, are announced inadvance on the Shell website and through a regulatory release. Generally, presentations are broadcast live via webcast and teleconference. Other meetings with analysts or investors are not normally announced in advance, nor can they be followed remotely by webcast or any other means. Procedures are in place to ensure that discussions in such meetings are always limited to non-material information or information already in the public domain.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2987": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2987, + "paragraph": "Results and meeting presentations can be found at www.shell.com/ investor. This is in line with the requirement to ensure that all shareholdersand other parties in the financial market have equal andsimultaneous access to information that may influence the priceoftheCompany\u2019s securities.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2988": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2988, + "paragraph": "CONTROLS AND PROCEDURES The Board is responsible for maintaining a sound system of risk management and internal control, and for regularly reviewing its effectiveness. It has delegated authority to the Audit Committee to assist itin fulfilling its responsibilities in relation to internal control and financial reporting (see \u201cAudit Committee Report\u201d on pages 129-134).", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2989": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2989, + "paragraph": "A single overall control framework is in place for the Company and its subsidiaries that is designed to manage rather than eliminate the risk offailure to achieve business objectives. It therefore only provides a reasonable and not an absolute assurance against material misstatementor loss.", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2990": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2990, + "paragraph": "The diagram below illustrates the Control Framework\u2019s key components: \u201cFoundations\u201d, \u201cManagement processes\u201d and \u201cStructural\u201d. \u201cFoundations\u201d comprises the objectives, principles and rules that underpin and establish boundaries for Shell activities. \u201cManagement processes\u201d refers to the more significant management processes, including how strategy, planning and appraisal are used to improve performance and how risks are to be managed through effective controls and assurance. The \u201cStructural\u201d component defines how Businesses and Functions facilitate achievement of the Shell group\u2019s overall business objectives. ", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + }, + "2991": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2991, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 171, + "start_index_page": 2976, + "last_index_page": 2991 + } + }, + "172": { + "2992": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2992, + "paragraph": "allDirectors. These aspects, together with the 2019 Reports respectively submitted to the Board by the Chief Internal Auditor, the External Auditors, the Disclosure Committee Chairman and the Chief Ethics & Compliance Officer, as well as summaries of the Annual Proved Reserves Disclosure and the Full Year HSSE & Social Performance Assurance Report, enable the Board\u2019s ongoing monitoring and annual review of material controls.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "2993": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2993, + "paragraph": "An annual review of the effectiveness of risk management and internal control was carried out by both the Executive Committee and the Audit Committee. This was based on their own insights and experience throughout the year as well as outcomes from the Group Assurance Letter process, a structured internal assessment of compliance with legal and ethical requirements and the Shell Control Framework carried out by eachExecutive Director. As part of their annual review, the Executive Committee and Audit Committee also considered annual reports from the Chief Internal Auditor, Chief Ethics & Compliance Officer and the External Auditor. The insights and conclusions from this annual assessment were reviewed and discussed by the Board. ", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "2994": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2994, + "paragraph": "The system of risk management and internal control over financial reporting is an integral part of the Control Framework. Regular reviews areperformed to identify the significant risks to financial reporting andthekey controls designed to address them. These controls are documented, responsibility is assigned, and they are monitored for designand operating effectiveness. Controls found to be ineffective areremediated. The principal risks faced by Shell are set out in \u201cRisk factors\u201d on pages 27-36.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "2995": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2995, + "paragraph": "Shell has a variety of processes for obtaining assurance on the adequacy of risk management and internal control. Emerging risks are identified through (among others) the monitoring of external developments, risk indicators, learnings from incidents and assurance findings, and through the appraisal of Shell\u2019s forward-looking plans. A broad array ofmeasures are used to manage Shell\u2019s various risks which are set out in the relevant sections of this Report. There are also risks that Shell accepts or does not seek to fully mitigate. The Executive Committee and the Board regularly consider group-level risks and associated control mechanisms.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "2996": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2996, + "paragraph": "Shell has developed a risk appetite framework that considers three distinct factors: Strategic Risk Appetite, Operational Risk Appetite and Conduct Risk Appetite. These three factors aim to capture the range and variety of risks affecting Shell, with specific risk appetite parameters identified and monitored for each one.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "2997": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2997, + "paragraph": "Strategic Risk Appetite is about current and future portfolio considerations, examining parameters such as country concentration or exposure to higher-risk countries. It also considers \u201clong-range\u201d developments in order to test key assumptions or beliefs in relation to energy markets. ", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "2998": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2998, + "paragraph": "Operational Risk Appetite is about material operational exposures, and promotes a more granular assessment of key risks facing the organisation. Conduct Risk Appetite brings together leading and lagging risk indicators to provide an overall view of the culture of the organisation.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "2999": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 2999, + "paragraph": "The Financial Framework sets certain boundary conditions in the consideration of risk appetite, as the financial resilience of Shell should logically inform the aggregate level of risk appetite that could besustained.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "3000": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3000, + "paragraph": "Shell has a climate change risk management structure which is supported by standards, policies and controls (see \u201cRisk factors\u201d on page 34 and \u201cClimate change and energy transition\u201d on pages 91-98). Climate change and risks resulting from greenhouse gas emissions have been identified as significant risk factors for Shell and are managed in accordance with other significant risks through the Board and ExecutiveCommittee.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "3001": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3001, + "paragraph": "Many of our major projects and operations are conducted in joint arrangements or associates, which may reduce the degree of control andability to identify and manage risks (see \u201cRisk factors\u201d on page 27-36). In each case, Shell appoints a representative to manage its interests who seeks to ensure that such projects operate under equivalentstandards toShell.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "3002": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3002, + "paragraph": "We operate in more than 70 countries that have differing degrees ofpolitical, legal and fiscal stability. This exposes us to a wide range of political developments that could result in changes to contractual terms, laws and regulations. In addition, we and our joint arrangements and associates face the risk of litigation and disputes worldwide (see \u201cRiskfactors\u201d on page 27-36). We continuously monitor geopolitical developments and societal issues relevant to our interests. Employees whoengage with government officials are subject to specific training programmes, procedures and regular communications, in addition to ShellGeneral Business Principles and Shell Code of Conduct compliance. We are prepared to exit a country if we believe we can no longer operate in that country in accordance with our standards and applicable law, andwe have done so in the past.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "3003": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3003, + "paragraph": "The Board confirms that there is a robust process for identifying, evaluating and managing the principal risks. Further, the Board confirms itcarries out a robust assessment of Shell\u2019s emerging risks, the procedures in place to identify the emerging risks, and how the risks are being managed or mitigated to the achievement of Shell\u2019s objectives. This has been in place throughout 2019 and up to the date of this Report and isregularly reviewed by the Board and accords with the FRC Guidance onRisk Management, Internal Control and Related Financial and BusinessReporting. ", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "3004": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3004, + "paragraph": "The Board has conducted its annual review of the effectiveness of Shell\u2019s system of risk management and internal control in respect of 2019, such review covering all material controls, including financial, operational and compliance controls. ", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "3005": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3005, + "paragraph": "MANAGEMENT\u2019S EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES OF SHELL Shell\u2019s CEO and CFO have evaluated the effectiveness of Shell\u2019s disclosure controls and procedures at December 31, 2019. Based on thatevaluation, they concluded that Shell\u2019s disclosure controls and procedures are effective.", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + }, + "3006": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3006, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 172, + "start_index_page": 2992, + "last_index_page": 3006 + } + }, + "173": { + "3007": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3007, + "paragraph": "OTHER REGULATORY AND STATUTORY INFORMATION continued", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3008": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3008, + "paragraph": "MANAGEMENT\u2019S REPORT ON INTERNAL CONTROL OVERFINANCIAL REPORTING OF SHELL Management, including the CEO and CFO, is responsible for establishing and maintaining adequate internal control over Shell\u2019s financial reporting and the preparation of the \u201cConsolidated Financial Statements\u201d. It conducted an evaluation of the effectiveness of Shell\u2019s internal control over financial reporting and the preparation of the \u201cConsolidated Financial Statements\u201d based on the Internal Control \u2013 Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). On the basis of this evaluation, management concluded that, at December 31, 2019, the Company\u2019s internal control over financial reporting and the preparation of the \u201cConsolidated Financial Statements\u201d was effective.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3009": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3009, + "paragraph": "THE TRUSTEE\u2019S AND MANAGEMENT\u2019S EVALUATION OFDISCLOSURE CONTROLS AND PROCEDURES FOR THEROYAL DUTCH SHELL DIVIDEND ACCESS TRUST The Trustee of the Royal Dutch Shell Dividend Access Trust (the Trustee) and Shell\u2019s CEO and CFO have evaluated the effectiveness of the disclosure controls and procedures in respect of the Dividend Access Trust(the Trust) at December 31, 2019. On the basis of this evaluation, these officers have concluded that the disclosure controls and proceduresof the Trust are effective.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3010": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3010, + "paragraph": "THE TRUSTEE\u2019S AND MANAGEMENT\u2019S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING OFTHEROYAL DUTCH SHELL DIVIDEND ACCESS TRUST The Trustee and the Company\u2019s management are responsible for establishing and maintaining adequate internal control over the Trust\u2019s financial reporting. The Trustee and the Company\u2019s management conducted an evaluation of the effectiveness of internal control over financial reporting based on the Internal Control \u2013 Integrated Framework (2013) issued by COSO. On the basis of this evaluation, the Trustee and management concluded that, at December 31, 2019, the Trust\u2019s internal control over financial reporting was effective.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3011": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3011, + "paragraph": "CHANGES IN INTERNAL CONTROL OVER FINANCIALREPORTING There has not been any change in the internal control over financial reporting of Shell or the Trust that occurred during the period covered by this Report that has materially affected, or is reasonably likely to materially affect, the internal control over financial reporting of Shell or the Trust. Material financial information of the Trust is included in the \u201cConsolidated Financial Statements\u201d and is therefore subject to the same disclosure controls and procedures as Shell. See the \u201cRoyal Dutch Shell DividendAccess Trust Financial Statements\u201d on pages 268 foradditionalinformation.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3012": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3012, + "paragraph": "ARTICLES OF ASSOCIATION The Company\u2019s Articles of Association (Articles) were adopted at the 2019 AGM. The Articles may only be amended by a special resolution ofthe shareholders in a general meeting. A full version of the Company\u2019s Articles can be found at www.shell.com/investors.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3013": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3013, + "paragraph": "MANAGEMENT AND DIRECTORS The Company has a single-tier Board of Directors headed by a Chair, withmanagement led by a CEO. See \u201cGovernance Framework\u201d on pages 117-118.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3014": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3014, + "paragraph": "DIRECTORS\u2019 SHAREHOLDING QUALIFICATION The Directors are not required to hold any shares in the Company. While the Articles do not require Directors to hold shares in the Company, the Remuneration Committee believes that Executive Directors should align their interests with those of shareholders by holding shares in the Company. The CEO is expected to build up a shareholding of seven times his base salary over five years from appointment and from 2020, the CFO is expected to build up a shareholding of five times their base salary over the same period. In the event that another Executive Director joins the Board, the Remuneration Committee will determine their shareholding requirement, which will not be less than 200% of their base salary. Executive Directors will be required to maintain their requirement (or existing shareholding if less than the guideline) for a period of two years post-employment. Non-executive Directors are encouraged to hold shares with a value equivalent to 100% of their fixed annual fee and maintain that holding during their tenure. All Directors hold shares and such interests can be found in the \u201cDirectors\u2019 Remuneration Report\u201d onpages135-138.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3015": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3015, + "paragraph": "APPOINTMENT AND RETIREMENT OF DIRECTORS The Company\u2019s Articles, the Corporate Governance Code and the Companies Act 2006 govern the appointment and retirement of Directors. Board membership and biographical details of the Directors areprovided on pages 104-109. However, Directors follow the direction laid out in the Code and standfor re-election annually.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3016": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3016, + "paragraph": "During the year, Neil Carson was appointed to the Board on June 1, 2019.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3017": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3017, + "paragraph": "RIGHTS ATTACHING TO SHARES The full rights attaching to shares are set out in the Company\u2019s Articles of Association. The Company can issue shares with any rights or restrictions attached to them as long as this is not restricted by any rights attached to existing shares. These rights or restrictions can be decided either by an ordinary resolution passed by the shareholders or by the Board as long asthere is no conflict with any resolution passed by the shareholders.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3018": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3018, + "paragraph": "VOTING Currently, only the A and B shares have voting rights. The voting rights of each A share and each B share are equal and carry one vote at a general meeting of the Company.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3019": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3019, + "paragraph": "The sterling deferred shares are not ordinary shares and therefore have different rights and restrictions attached to them.", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + }, + "3020": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3020, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 173, + "start_index_page": 3007, + "last_index_page": 3020 + } + }, + "174": { + "3021": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3021, + "paragraph": "The Directors consider that the Annual Report, including the financial statements, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess Shell\u2019s position and performance, business model and strategy.", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3022": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3022, + "paragraph": "The Directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3023": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3023, + "paragraph": "The Directors are responsible for the maintenance and integrity of the Shell website (www.shell.com). Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3024": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3024, + "paragraph": "Signed on behalf of the Board", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3025": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3025, + "paragraph": "LINDA M. COULTER Company Secretary March 11, 2020 ", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3026": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3026, + "paragraph": "CHANGE OF CONTROL There are no provisions in the Articles that would delay, defer or prevent achange of control.", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3027": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3027, + "paragraph": "DIRECTORS\u2019 RESPONSIBILITIES IN RESPECT OF THE PREPARATION OF THE ANNUAL REPORT AND ACCOUNTS The Directors are responsible for preparing the Annual Report, including the financial statements, in accordance with applicable laws and regulations. These require the Directors to prepare financial statements foreach financial year. As such, the Directors have prepared the Consolidated and Parent Company Financial Statements in accordance with International Financial Reporting Standards (IFRS) as adopted bytheEuropean Union (EU). In preparing these financial statements, theDirectors have also elected to comply with IFRS as issued by the International Accounting Standards Board (IASB). The Directors must notapprove the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of Shell and the Company and of the profit or loss of Shell and the Company for that period. In preparing these financial statements, the Directors are required to: \u25a0 adopt the going concern basis unless it is inappropriate to do so;", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3028": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3028, + "paragraph": "select suitable accounting policies and then apply them consistently; \u25a0 make judgements and accounting estimates that are reasonable and ", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3029": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3029, + "paragraph": "prudent; and state whether IFRS as adopted by the EU and IFRS as issued by the IASB have been followed. ", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3030": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3030, + "paragraph": "The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the transactions of Shell and the Company and disclose with reasonable accuracy, at any time, the financial position of Shell and the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006 (the Act) and, as regards the Consolidated Financial Statements, with Article 4of the IAS Regulation and therefore are in accordance with IFRS as adopted by the EU. The Directors are also responsible for safeguarding the assets of Shell and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3031": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3031, + "paragraph": "Each of the Directors, whose names and functions can be found on pages111-112, confirms that, to the best of their knowledge:", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3032": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3032, + "paragraph": "the financial statements, which have been prepared in accordance with IFRS as adopted by the EU and with IFRS as issued by the IASB give a true and fair view of the assets, liabilities, financial position andprofit of Shell and the Company; and the Management Report includes a fair review of the development andperformance of the business and the position of Shell, together with a description of the principal risks and uncertainties that it faces. ", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3033": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3033, + "paragraph": "Furthermore, so far as each of the Directors is aware, there is no relevant audit information of which the auditors are unaware, and each of the Directors has taken all the steps that ought to have been taken in order tobecome aware of any relevant audit information and to establish that the auditors are aware of that information.", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + }, + "3034": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3034, + "paragraph": "Shell Annual Report and Accounts 2019Governance", + "page": 174, + "start_index_page": 3021, + "last_index_page": 3034 + } + }, + "175": { + "3035": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3035, + "paragraph": "FINANCIAL STATEMENTS AND SUPPLEMENTS", + "page": 175, + "start_index_page": 3035, + "last_index_page": 3037 + }, + "3036": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3036, + "paragraph": " Independent Auditor\u2019s Report related to theConsolidated and Parent Company Financial Statements Consolidated Financial Statements Supplementary information \u2013 oil andgas (unaudited) Parent Company Financial Statements Independent Auditor\u2019s Report to Computershare Trustees of the Royal Dutch Shell Dividend Access Trust and the Board of Directors of Royal Dutch Shell plc Royal Dutch Shell Dividend Access Trust Financial Statements", + "page": 175, + "start_index_page": 3035, + "last_index_page": 3037 + }, + "3037": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3037, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 175, + "start_index_page": 3035, + "last_index_page": 3037 + } + }, + "176": { + "3038": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3038, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 176, + "start_index_page": 3038, + "last_index_page": 3038 + } + }, + "177": { + "3039": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3039, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3040": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3040, + "paragraph": "1. OUR OPINIONS AND CONCLUSIONS ARISING FROM OUR AUDIT 1.1 Our unmodified opinion on the financial statements In our opinion, the financial statements of Royal Dutch Shell plc (the Parent Company) and its subsidiaries (collectively, Shell): \u25a0 give a true and fair view of the state of Shell\u2019s and of the Parent Company\u2019s affairs as at December 31, 2019, and of Shell\u2019s and the Parent Company\u2019s ", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3041": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3041, + "paragraph": " \u25a0 have been properly prepared both in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (EU) ", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3042": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3042, + "paragraph": "and IFRS as issued by the International Accounting Standards Board (IASB); and ", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3043": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3043, + "paragraph": " \u25a0 have been prepared in accordance with the requirements of the Companies Act 2006, and, as regards Shell\u2019s financial statements, Article 4 of the ", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3044": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3044, + "paragraph": "income for the year then ended;", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3045": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3045, + "paragraph": "1.2 What we have audited We have audited Royal Dutch Shell plc\u2019s financial statements for the year ended December 31, 2019, which are included in the Annual Report andcomprise:", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3046": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3046, + "paragraph": "Shell Consolidated Balance Sheet as at December 31, 2019 Consolidated Statement of Income for the year then ended Consolidated Statement of Comprehensive Income for the year then ended Consolidated Statement of Changes in Equity for the year then ended Consolidated Statement of Cash Flows for the year then ended Related Notes 1 to 29 to the Consolidated Financial Statements, including asummary of significant accounting policies", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3047": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3047, + "paragraph": "Parent Company Balance Sheet as at December 31, 2019 Statement of Income for the year then ended Statement of Comprehensive Income for the year then ended Statement of Changes in Equity for the year then ended Statement of Cash Flows for the year then ended Related Notes 1 to 14 to the Parent Company Financial Statements ", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3048": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3048, + "paragraph": "The financial reporting framework that has been applied in the preparation of the financial statements is applicable law and both IFRS as adopted bythe EU and IFRS as issued by the IASB. ", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3049": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3049, + "paragraph": "2. BASIS FOR OUR OPINION We conducted our audit in accordance with International Standards on Auditing (UK) (ISA (UK)) and applicable law. Our responsibilities under thosestandards are further described in the \u2018Our responsibilities for the audit of the financial statements\u2019 section of our report below. We are independent of Shell and the Parent Company in accordance with the ethical requirements that are relevant to our audit of the financial statements inthe UK, including the Financial Reporting Council\u2019s Ethical Standard as applied to listed public interest entities, and we have fulfilled our other ethicalresponsibilities in accordance with these requirements.", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3050": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3050, + "paragraph": "We believe that the audit evidence we have obtained during the planning, execution and conclusion of our audit is sufficient and appropriate to providea suitable basis for our opinion.", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + }, + "3051": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3051, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 177, + "start_index_page": 3039, + "last_index_page": 3051 + } + }, + "178": { + "3052": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3052, + "paragraph": "3. OVERVIEW OF OUR AUDIT APPROACH", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3053": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3053, + "paragraph": "UNDERSTANDING OF SHELL\u2019S BUSINESS AND ", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3054": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3054, + "paragraph": "Our global audit team has deep industry experience through working for many years on the audits of large integrated international oil and gas companies. Our audit planning starts with updating our view on external market factors, for example geopolitical risk, the potential impact of climate change and the energy transition, commodity price risk and major trends in the industry. Building on this knowledge, we updated our understanding of Shell\u2019s strategy and business model. This was achieved through the review of external data, enquiry, analytical procedures, observation and visiting several of Shell\u2019s operating units.", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3055": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3055, + "paragraph": "In planning our 2019 audit, we were mindful of the fact that the outlook for both oil and gas commodity prices continued to narrow. Refining margins remained under pressure due to a number of factors, including the energy transition. The fundamentals of cost control, capital spending, operational excellence, cash flow and capital return continued to be a focus in the industry. Climate change and the energy transition are becoming increasingly important for the sector. As part of our audit, we assessed whether Shell\u2019s energy transition assumptions used in setting oil and gas commodity price assumptions and refining margin assumptions were reasonable in the light of the commitments that Shell have made with respect to decarbonisation in accordance with the Paris Agreement. Our updated understanding of Shell\u2019s business and the environment in which it operatesinformed our risk assessment procedures.", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3056": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3056, + "paragraph": "The results of our 2018 audit, together with our risk assessment procedures, provided a renewed basis for the identification and assessment of risks of material misstatement for our 2019 audit. Whilst our assessment of risks requiring special audit attention remained consistent with 2018, the impact of the energy transition has increased the inherent risk in estimating both oil and gas reserves and the recoverable amount of oil and gas properties. The risks we identified were as follows: \u25a0 the estimation of oil and gas reserves used in the calculation of the recoverable amount of exploration and production ", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3057": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3057, + "paragraph": "assets,depreciation, depletion and amortisation and the estimation of decommissioning and restoration provisions; \u25a0 the risk of unrealised trading gains and losses being recognised as a result of errors, unauthorised trading activity or ", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3058": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3058, + "paragraph": "deliberatemisstatement of Shell\u2019s trading position; and", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3059": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3059, + "paragraph": " \u25a0 risk of fraud through management override within other significant revenue streams.", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3060": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3060, + "paragraph": "AND ASSESSING THE RISKS OF MATERIAL ", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3061": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3061, + "paragraph": "Our additional areas of audit focus were: \u25a0 the recoverable amount of exploration and production assets, and investments in joint ventures and associates; \u25a0 the impact of the energy transition on the estimation of refining margins and their potential impact on the carrying value ", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3062": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3062, + "paragraph": "ofShell\u2019srefineries, the expected lives of the refineries, whether there is a need for environmental clean up cost provisions andthe valuation of deferred tax assets;", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3063": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3063, + "paragraph": " \u25a0 the estimation of decommissioning and restoration provisions; \u25a0 legal proceedings and other contingencies, with specific emphasis on Nigeria; \u25a0 uncertain tax positions; \u25a0 recognition and measurement of deferred tax assets; \u25a0 pension assumptions; \u25a0 the adoption of the new accounting standard on leases (IFRS 16); and \u25a0 the dividend distribution process, including the determination of realised profits and losses for the purposes of making ", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3064": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3064, + "paragraph": "distributions under the Companies Act 2006 (this area of audit focus relates to the parent company only).", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3065": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3065, + "paragraph": "We have expanded further our integration of analytical tools and technology into our audit. Not only do these tools deliver tousmore efficient and secure access to Shell\u2019s data, but they provide us with an integrated view of risk, thus enabling us to focus our audit effort on operating units with higher risk profiles. They also enable us to perform risk-led analyses of entire populations of data.", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3066": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3066, + "paragraph": "When we established our audit strategy, we determined overall materiality for the financial statements. The key criterion indetermining materiality is the auditor\u2019s perception of the needs of investors. We considered which earnings, activity or capital-based measure aligned best with the expectations of those charged with governance at Shell and users of Shell\u2019s financial statements. In so doing, we applied a \u2018reasonable investor perspective\u2019, which reflected our understanding of the common financial information needs of the members of Shell as a group. We also made judgements about the size of misstatements that would be considered material.", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3067": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3067, + "paragraph": "Our assessment of overall materiality was derived from an average of Shell\u2019s earnings for the prior two years and the estimatedresult for the current year on a current cost of supplies basis (CCS earnings), excluding identified items reported byShell in its quarterly results announcements, and adjusted for an effective tax rate. In our judgement, an averaging approachreflects the nature of Shell, the oil and gas industry and the economic environment in which Shell operates.", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3068": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3068, + "paragraph": "This approach \u2013 which is unchanged from 2018 \u2013 resulted in the following materiality measures for 2019: \u25a0 planning materiality: $1,200 million (2018: $1,000 million); \u25a0 performance materiality: $900 million (2018: $750 million); and \u25a0 reporting differences threshold: $60 million (2018: $50 million).", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3069": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3069, + "paragraph": "Our determination of performance materiality was underpinned by our assessment of the strength of Shell\u2019s control environment.We confirmed with the Audit Committee that they were satisfied that these levels of materiality were appropriate.We kept our assessment of materiality under review throughout the year.", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + }, + "3070": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3070, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 178, + "start_index_page": 3052, + "last_index_page": 3070 + } + }, + "179": { + "3071": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3071, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC continued", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3072": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3072, + "paragraph": "3. OVERVIEW OF OUR AUDIT APPROACH continued", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3073": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3073, + "paragraph": "IDENTIFYING KEY AUDITMATTERS ", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3074": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3074, + "paragraph": "Our scope is tailored to the circumstances of our audit of Shell and is influenced by our determination of materiality and our assessed risks of material misstatement.", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3075": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3075, + "paragraph": "We performed audits of the complete financial information of 17 operating units and specific audit procedures on an additional 32 operating units. In selecting the operating units to be brought into audit scope, we assessed the risks of material misstatement of the financial statements based on size, complexity and risk, including the risk of fraud, and designed and implemented appropriate responses to the assessed risks. We performed procedures at a further 133 operating units that werespecified by the group audit engagement in response to specific risk factors. In addition, we performed other group auditprocedures at the consolidated level \u2013 see section 5 below.", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3076": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3076, + "paragraph": "In order to reflect changes brought about by enhancements to Shell\u2019s finance function, changes to accounting standards and tointroduce an appropriate level of unpredictability and rotation in our audit, we made the following refinements to our audit scope in 2019 compared to 2018: \u25a0 in order to recognise the increased amount of audit work that we would be carrying out at Shell\u2019s business service centres ", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3077": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3077, + "paragraph": "(BSCs), wetransferred audit activity from onshore to our business service centre audit teams. For example, our work related to Germany was carried out mainly in Krakow, other than the physical inventory verification, which continued to be performed by our German team. The same applied to US downstream, where much of the activity was transferred to Manila;", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3078": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3078, + "paragraph": " \u25a0 IFRS 16: we revised our audit procedures to reflect the requirements of the new standard. Also, we brought into scope ", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3079": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3079, + "paragraph": "threenew entities in order to obtain sufficient audit coverage of the \u2018right of use assets\u2019; and", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3080": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3080, + "paragraph": " \u25a0 we revised our tax audit procedures to test centrally the main consolidated tax regimes (fiscal unities), including the US, ", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3081": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3081, + "paragraph": "We have identified the following key audit matters that, in our professional judgement, had the greatest effect on our overallaudit strategy, the allocation of resources in the audit and in directing the global audit team\u2019s efforts: \u25a0 the estimation of oil and gas reserves, including reserves used in the calculation of depreciation, depletion and ", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3082": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3082, + "paragraph": "amortisation(DD&A), impairment testing to evaluate the recoverable amounts of production assets and the estimation ofdecommissioning and restoration (D&R) provisions;", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3083": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3083, + "paragraph": " \u25a0 the recoverable amounts of exploration and production assets, and investments in joint ventures and associates; \u25a0 the estimation of future refining margins to evaluate the recoverability of manufacturing, supply and distribution assets; \u25a0 the recognition and measurement of deferred tax assets; \u25a0 revenue recognition: the risk of unrealised trading gains and losses being recognised as a result of errors, unauthorised ", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3084": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3084, + "paragraph": "tradingactivity or deliberate misstatement of Shell\u2019s trading position; and", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3085": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3085, + "paragraph": " \u25a0 the dividend distribution process, including the determination of realised profits and losses for the purposes of making ", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3086": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3086, + "paragraph": "distributions under the Companies Act 2006 (this key audit matter relates to the Parent Company only).", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3087": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3087, + "paragraph": "In 2018, our auditor\u2019s report included two key audit matters that have not been reported as key audit matters in our 2019 report. These relate to: (1) Enhancements to Shell\u2019s system of IT general controls, and (2) The recognition, measurement, presentation and disclosure of leases (IFRS 16).", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3088": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3088, + "paragraph": "Although IFRS 16 was adopted on January 1, 2019, most of our audit effort was carried out in 2018 in order to audit the impact ofthe new standard, which was disclosed in the 2018 Annual Report. Consequently, we reported the adoption of IFRS 16 as akey audit matter in our 2018 report, and not in 2019. In the current year, we have added two key audit matters that were not reported as key auditmatters in our 2018 report. These relate to: (1) The estimation of future refining margins to evaluate the recoverability ofmanufacturing, supply and distribution assets, and (2) The dividend distribution process (Parent Company only).", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3089": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3089, + "paragraph": "4. OUR APPLICATION OF MATERIALITY The scope of our work is influenced by our view of materiality and our assessed risks of material misstatement. As we develop our audit strategy, wedetermine materiality at the overall level and at the individual account level (referred to as our \u2018performance materiality\u2019 (see below)).", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3090": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3090, + "paragraph": "Performance Materiality", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + }, + "3091": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3091, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 179, + "start_index_page": 3071, + "last_index_page": 3091 + } + }, + "180": { + "3092": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3092, + "paragraph": "Overall materiality What we mean We apply the concept of materiality both in planning and performing our audit, as well as in evaluating the effect of identified misstatements (including omissions) on our audit and in forming our audit opinion. For the purposes of determining whether or not Shell\u2019s financial statements are free from material misstatement (whether due to fraud or error), we define materiality as the magnitude of misstatements that, individually or in the aggregate, could reasonably be expected to influence the economic decisions of the users of these financial statements. We are required to establish a materiality level for the financial statements as a whole that is appropriate in the light of Shell\u2019s particular circumstances.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3093": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3093, + "paragraph": "Level set Group materiality We set our preliminary overall materiality for Shell\u2019s Consolidated Financial Statements at $1,200 million (2018: $1,000 million). We kept this under review throughout the year and reassessed the appropriateness of our original assessmentin the light of Shell\u2019s results and external market conditions. Basedonthese reviews and reassessments, we did not find it necessary to revise our level of overall materiality.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3094": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3094, + "paragraph": "Our basis for determining materiality Our assessment of overall materiality was $1,200 million. This was derived from anaverage of Shell\u2019s earnings for 2017 and 2018 and the estimated result for 2019on a current cost of supplies basis (CCS earnings), excluding identified itemsreported by Shell in its quarterly results announcements, and adjusted foraneffective tax rate. ", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3095": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3095, + "paragraph": "This approach of averaging over three years is consistent with the approach adopted by many large, international groups and moderates the effect of oilandgas price volatility.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3096": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3096, + "paragraph": "The $1,200 million was determined by applying a percentage to the calculated average CCS earnings. When using an earnings-related measure to determine overall materiality, the norm is to apply a benchmark percentage of 5% of the pre-tax measure. In setting overall materiality, we applied a more prudent rate that was below the 5% benchmark. Our overall materiality is less than 5% of the 2019 income before taxation.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3097": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3097, + "paragraph": "In determining materiality, auditing standards require us to use benchmark measures, such as pre-tax income, gross profit and total revenue. Nevertheless, wehave to exercise considerable judgement, including which earnings, activity orcapital based measure aligns best with the expectations of users of Shell\u2019s financial statements and the Audit Committee. In determining the most appropriate benchmark on which to base our materiality assessment, we have applied a \u2018reasonable investor perspective\u2019. This reflects our understanding of the common financial information needs of Shell\u2019s investors as a group, which we believe is CCS earnings, excluding identified items. Shell\u2019s quarterly results announcements feature CCS earnings excluding identified items as the primary measure for earnings.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3098": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3098, + "paragraph": "Performance materiality What we mean Having established overall materiality, we determined \u2018performance materiality\u2019, which represents our tolerance for misstatement in an individual account. It is calculated as a percentage of overall materiality in order to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds overall materiality of $1,200 million for Shell\u2019s financial statements as a whole.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3099": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3099, + "paragraph": "Level set On the basis of our risk assessment, our judgement was that performance materialityshould be 75% (2018: 75%) of our overall materiality, namely $900 million (2018: $750 million). In assessing the appropriate level, we consider the nature, the number and impact of the audit differences identified in 2018 as well asthe overall control environment. ", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3100": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3100, + "paragraph": "Our overall materiality provides a basis for identifying and assessing the risk ofmaterial misstatement and determining the nature and extent of our audit procedures. Our evaluation of materiality requires professional judgement and necessarily takes into account qualitative as well as quantitative considerations. Italso considers our assessment of the expectations of those charged with governance at Shell and users of Shell\u2019s financial statements.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3101": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3101, + "paragraph": "As required by auditing standards, we reassess materiality throughout the durationof the audit.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3102": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3102, + "paragraph": "Parent Company materiality We determined materiality for the Parent Company to be $2.6 billion (2018: $2.6billion), which is 1% (2018: 1%) of equity. Equity is an appropriate basis to determine materiality for an investment holding company, and 1% is a typical percentage of equity to use to determine materiality. Any balances in the parent company financial statements that were relevant to our audit of the consolidated group were audited using an allocation of group performance materiality.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3103": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3103, + "paragraph": "CCS earnings excluding identified items removes both the effects of changes in oilprice on inventory carrying amounts and items disclosed as identified items that can significantly distort Shell\u2019s results in any one particular year. In our view, the useof CCS earnings excluding identified items allows investors to understand how management has performed despite the commodity price environment, as opposed to because of it. Furthermore, analyst forecasts predominately feature CCS earnings, excluding identified items, as the basis for earnings. The analyst consensus data supports our judgement that CCS earnings, excluding identified items, is the key indicator of performance from a reasonable investor perspective.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3104": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3104, + "paragraph": "The identified items, reported by Shell in its quarterly results announcements, were: net divestment gains ($2.6 billion), net impairments ($4.2 billion charge), fair value accounting of commodity derivatives and certain gas contracts($0.6 billion gain), redundancy and restructuring ($0.1 billion charge), and the aggregate of other individually small items (net $0.8 billion charge).", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3105": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3105, + "paragraph": "The identified items excluded in 2018 were: net divestment gains ($3.3 billion), netimpairments ($1.0 billion charge), fair value accounting of commodity derivativesand certain gas contracts ($1.1 billion gain), redundancy and restructuring ($0.2billion charge), and the aggregate of other individually smallitems (net$0.1billion charge).", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3106": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3106, + "paragraph": "The identified items excluded in 2017 were: net divestment gains ($1.6 billion), impairments ($3.0 billion charge), fair value accounting of commodity derivatives and certain gas contracts ($0.3 billion loss), redundancy and restructuring ($0.4 billion charge), impact of exchange rate movements on tax balances ($0.6 billion gain), impact arising from the US tax reform legislation ($2.0 billion charge) and theaggregate of other individually small items (net $0.2 billion charge).", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3107": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3107, + "paragraph": "On the basis of our analysis of these factors, we concluded that we should focus onShell\u2019s CCS earnings, excluding identified items reported by Shell in its quarterly results announcements, and adjusted for an effective tax rate.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3108": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3108, + "paragraph": "Once we determined our audit scope, we then assigned performance materiality to our various in-scope operating units. Our in-scope operating unit audit teams used this assigned performance materiality in performing their group audit procedures. The performance materiality allocation is dependent on the size of the operating unit, measured by its contribution of earnings to Shell, or other appropriate metric, and the risk associated with the operating unit.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3109": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3109, + "paragraph": "In 2019, the range of performance materiality allocated to operating units was $135million to $450 million (2018: $113 million to $375 million). This is set out inmore detail in section 5 below.", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + }, + "3110": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3110, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 180, + "start_index_page": 3092, + "last_index_page": 3110 + } + }, + "181": { + "3111": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3111, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC continued", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3112": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3112, + "paragraph": "4. OUR APPLICATION OF MATERIALITY continued", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3113": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3113, + "paragraph": "Audit difference reporting threshold What we mean This is the amount below which identified misstatements are considered to be clearlytrivial. ", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3114": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3114, + "paragraph": "The threshold is the level above which we collate and report audit differences totheAudit Committee. ", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3115": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3115, + "paragraph": "We also report differences below that threshold that, in our view, warrant reporting on qualitative grounds. We evaluate any uncorrected misstatements against both the quantitative measures of materiality discussed above and in the light of other relevant qualitative considerations in forming our opinion.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3116": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3116, + "paragraph": "Level set We agreed with the Audit Committee that we would report to the Committee all audit differences more than $60 million (2018: $50 million), as well as differences below that threshold that, in our view, warranted reporting on qualitative grounds.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3117": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3117, + "paragraph": "5. OUR SCOPE OF THE AUDIT OF SHELL\u2019S FINANCIAL STATEMENTS", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3118": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3118, + "paragraph": "We are required to establish an overall audit strategy that sets the scope, timing and direction of our audit, and that guides the development of our audit plan. Audit scope comprises the physical locations, operating units, activities and processes to be audited that, in aggregate, are expected to provide sufficient coverage of the financial statements for us to express an audit opinion.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3119": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3119, + "paragraph": "Criteria for determining our audit scope", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3120": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3120, + "paragraph": "Our assessment of audit risk and our evaluation of materiality determined our audit scope for each operating unit within Shell which, whentaken together, enabled us to form an opinion on the financial statements under ISA (UK). Our audit effort was focused towards higher risk areas, such as management judgements, and on operating units that we considered significant based upon size, complexity or risk.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3121": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3121, + "paragraph": "The factors that we considered when assessing the scope of the Shell audit, and the level of work to be performed at the operating units thatwere in scope for group reporting purposes, included the following: \u25a0 the financial significance of an operating unit to Shell\u2019s earnings, total assets or total liabilities, including consideration of the financial ", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3122": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3122, + "paragraph": "significance of specific account balances or transactions;", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3123": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3123, + "paragraph": " \u25a0 the significance of specific risks relating to an operating unit, history of unusual or complex transactions, identification of significant ", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3124": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3124, + "paragraph": "auditissues or the potential for, or a history of, material misstatements;", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3125": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3125, + "paragraph": " \u25a0 the effectiveness of the control environment and monitoring activities, including entity-level controls; \u25a0 our assessment of locations that carry a higher than normal audit risk in relation to fraud, bribery or corruption; and \u25a0 the findings, observations and audit differences that we noted as a result of our 2018 audit.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3126": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3126, + "paragraph": "Selection of in-scope operating units", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3127": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3127, + "paragraph": "We reassessed our audit scope for 2019 compared to 2018. In particular, we considered Shell\u2019s continued enhancement of their finance function and processes, which included the further standardisation and migration of processes to their BSCs. Thisenabled us further to centralise our audit procedures and refocus our scope, reducing the audit involvement at a component level andthenumber of operating units in our audit scope. ", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3128": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3128, + "paragraph": "We kept our audit scope under review throughout the year to reflect changes in Shell\u2019s underlying business and risks; however no significantchanges were required.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3129": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3129, + "paragraph": "We selected 49 operating units (2018: 52) across 11 countries (2018: 11) based on their size or risk characteristics. We performed full scope audits of the complete financial information of 17 operating units (2018: 19). For 32 operating units (2018: 33) we performed specific scope audit procedures on individual account balances within the operating unit based on their size and risk profiles. ", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3130": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3130, + "paragraph": "In addition to the 49 operating units (2018: 52) discussed above, we selected a further 41 operating units (2018: 38) where we performed procedures at the operating unit level that were specified by the group engagement team in response to specific risk factors and in order toensure that, at the overall group level, we reduced and appropriately covered the residual risk of error.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3131": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3131, + "paragraph": "In addition, specified procedures were performed at the group level on a further 92 (2018: 62) operating units. These procedures included thetesting ofShell\u2019s centralised activities addressing the implications of significant and complex accounting matters across all operating units, our centralised revenue and accounts receivable analytics program, testing controls for the revenue and purchase to pay processes, including ITgeneral and IT application controls, segment level impairment reviews, procedures over the forecasts as they relate to deferred tax asset recoverability and review of pension scheme assumptions.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3132": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3132, + "paragraph": "For the remaining 614 operating units (2018: 637), we performed supplementary audit procedures in relation to Shell\u2019s centralised group accounting and reporting processes. These included, but were not limited to, Shell\u2019s activities addressing the appropriate elimination of intercompany balances and the completeness of provisions for litigation and other claims. We performed testing of both manual and consolidation journal entries through the year, homogenous processes and controls at the BSCs and testing of group wide IT systems. We performed disaggregated analytical reviews on each financial statement line item and also tested Shell\u2019s analytical procedures performed ata group, segment and function level.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3133": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3133, + "paragraph": "In addition to this testing, we applied our Risk Scan analytics techniques, which consolidate internal and external data to identify potential risks of material misstatement. This allowed us to risk rate each of the 706 operating units whereby we identified 210 operating units where we believed that it was appropriate to carry out targeted testing. This included the audit of manual journal entries and/or the testing of payments to third party vendors to ensure that these had been approved in line with Shell\u2019s policies and had an appropriate business rationale.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3134": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3134, + "paragraph": "Our coverage by full, specific, specified and group procedures is illustrated below. The summary is by Total assets, CCS earnings and Revenue. Overall, our full, specific and specified procedures accounted for 70% of Shell\u2019s absolute CCS earnings, excluding identified itemsreported by Shell in its quarterly results announcements and adjusted for an effective tax rate. The remaining CCS earnings were covered by Group wide procedures.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3135": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3135, + "paragraph": "The Parent Company is located in the United Kingdom and audited directly by the Group engagement team.", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + }, + "3136": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3136, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 181, + "start_index_page": 3111, + "last_index_page": 3136 + } + }, + "182": { + "3137": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3137, + "paragraph": " Covered by Group procedures", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3138": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3138, + "paragraph": "Allocation of performance materiality to thein-scope operatingunits", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3139": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3139, + "paragraph": "The level of materiality that we applied in undertaking our audit work at the operating unit level was determined by applying a percentage ofour total performance materiality. This percentage is based on the significance of the operating unit relative to Shell as a whole and our assessment of the risk of material misstatement at that operating unit. In 2019 the range of materiality applied at the operating unit level was$135 million to $450 million (2018: $113 million to $375 million). The operating units selected, together with the ranges of materiality applied, were: ", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3140": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3140, + "paragraph": "Location Full scope operating units: Australia, Qatar Brazil, Nigeria, USA USA Barbados, Singapore, The Netherlands, UAE, UK, USA Total full scope operating units Specific scope operating units: Malaysia, UK Singapore, USA Singapore, The Netherlands, UK, USA Canada, Singapore, UAE, UK, USA Total specific scope operating units Total full and specific scope operating units", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3141": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3141, + "paragraph": "Integrated gas Upstream Downstream Trading and Supply", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3142": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3142, + "paragraph": "Upstream Downstream Corporate Trading and Supply", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3143": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3143, + "paragraph": "Range of materiality applied $ million", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3144": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3144, + "paragraph": "180-270 180-270 180-270 135-450", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3145": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3145, + "paragraph": "Integrated group engagement team structure", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3146": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3146, + "paragraph": "The group engagement partner and Senior Statutory Auditor, Allister Wilson, has overall responsibility for the direction, supervision and performance of the Shell audit engagement in compliance with professional standards and applicable legal and regulatory requirements. Heis supported by 24 segment and function partners and associate partners, who are based in the Netherlands and the UK, and who together with related staff comprise the integrated group engagement team. This group engagement team established the overall group auditstrategy, communicated with component auditors, performed work on the consolidation process, and evaluated the conclusions drawnfrom the audit evidence as the basis for forming Ernst & Young\u2019s (EY) opinion on the group financial statements.", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3147": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3147, + "paragraph": "For the purpose of the group audit, the group engagement team is responsible for directing, supervising, evaluating and reviewing the workofEY global network firms operating under their instruction (local EY teams) to assess whether: \u25a0 the work was performed and documented to a sufficiently high standard; \u25a0 the local EY audit team demonstrated that they had challenged management sufficiently and had executed their audit procedures with ", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3148": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3148, + "paragraph": "asufficient level of scepticism; and", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3149": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3149, + "paragraph": " \u25a0 there is sufficient appropriate audit evidence to support the conclusions reached.", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + }, + "3150": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3150, + "paragraph": "Shell Annual Report and Accounts 2019TotalAssets48%12%21%19%CCSEarnings35%13%22%30%Revenue51%32%11%6%Financial Statements", + "page": 182, + "start_index_page": 3137, + "last_index_page": 3150 + } + }, + "183": { + "3151": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3151, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC continued", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3152": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3152, + "paragraph": "5. OUR SCOPE OF THE AUDIT OF SHELL\u2019S FINANCIAL STATEMENTS continued", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3153": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3153, + "paragraph": "Involvement with local EY teams", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3154": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3154, + "paragraph": "Shell has centralised processes and controls over key areas within its BSCs. Members of the group engagement team provide direct oversight, review, and coordination of our BSC audit teams. Our BSC teams performed centralised testing in the BSCs for certain accounts, including revenue, cash and payroll. In establishing our overall approach to the group audit, we determined the type of work that needed to be undertaken at each of the operating units or BSCs by the group engagement team or by auditors from other local EY teams.", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3155": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3155, + "paragraph": "The group engagement team performed procedures directly on 92 of the in-scope operating units. For the operating units where the work was performed by local EY auditors, we determined the appropriate level of involvement of the group engagement team to enable us to conclude that sufficient appropriate audit evidence had been obtained.", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3156": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3156, + "paragraph": "The group engagement team interacted regularly with the local EY teams during each stage of the audit, were responsible for the scope and direction of the audit process and reviewed key working papers. This, together with the additional procedures performed at the group level, gave us sufficient appropriate audit evidence for our opinion on Shell\u2019s Consolidated Financial Statements. We maintained continuous dialogue with our local EY teams in addition to holding formal meetings each quarter to ensure that we were fully aware of their progress and the results of their audit procedures.", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3157": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3157, + "paragraph": "During 2019, the Senior Statutory Auditor and other group audit partners, associate partners and directors visited operating units across eight countries as well as each of Shell\u2019s four BSCs. These visits included discussing the audit approach with the local EY teams and any issues arising from their work, meetings with Shell local management, attending planning and closing meetings, and reviewing key audit working papers on selected areas of audit risk. The visits also promoted deeper engagement with our local EY audit teams, ensuring that a consistent and cohesive audit approach was adopted so as to drive a high-quality audit. The countries and the BSC locations visited were as follows:", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3158": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3158, + "paragraph": "Countries visited Australia Brazil [A] India [A] Nigeria [A] The Netherlands [A] Trinidad and Tobago UK [A] USA [A] [A] These locations were visited multiple times.", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3159": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3159, + "paragraph": "BSCs India [A] Malaysia [A] Philippines [A] Poland [A]", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3160": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3160, + "paragraph": "6. OUR ASSESSMENT OF KEY AUDIT MATTERS Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period and include the most significant assessed risks of material misstatement (whether or not due to fraud) that we identified. As Shell\u2019s auditors, we are required to determine \u2013 from the matters communicated by us to the Audit Committee during the year \u2013 those matters that required significant attention from us in performing our audit of Shell\u2019s 2019 Consolidated and Parent Company Financial Statements. In making this determination we tookthe following into account:", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3161": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3161, + "paragraph": "the risks that we believed were significant to our audit and therefore required special audit consideration;", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3162": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3162, + "paragraph": " \u25a0 areas of higher assessed risk of material misstatement that influenced our audit focus;", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3163": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3163, + "paragraph": "significant audit judgements relating to areas in Shell\u2019s Consolidated and Parent Company Financial Statements including accounting estimates that we identified as having high estimation uncertainty; the effect on our audit of significant events or transactions that occurred during the period; and those assessed risks of material misstatement that had the greatest effect on the allocation of resources in the audit and directing the efforts oftheaudit team.", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3164": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3164, + "paragraph": "On this basis, we identified the following key audit matters that, in our professional judgement, were of most significance in our audit of Shell\u2019s 2019Consolidated and Parent Company Financial Statements. These matters included those that had the greatest effect on: \u25a0 our overall strategy; \u25a0 \u25a0 directing the efforts of our audit team. ", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3165": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3165, + "paragraph": "the allocation of resources in the audit; and ", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3166": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3166, + "paragraph": "The key audit matters have been addressed in the context of the audit of Shell\u2019s Consolidated and Parent Company Financial Statements as a whole, and in forming our opinions thereon, and we do not provide a separate opinion on these matters. The table below describes the key audit matters, a summary of our procedures carried out and our key observations that we communicated to the Audit Committee.", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3167": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3167, + "paragraph": "In 2018, our auditor\u2019s report included two key audit matters that have not been reported as key audit matters in our 2019 report. These relate to: (1) Enhancements to Shell\u2019s system of IT general controls, and (2) The recognition, measurement, presentation and disclosure of leases (IFRS 16). In the current year, we have added two key audit matters that were not reported as key audit matters in our 2018 report. These relate to: (1) The estimation of future refining margins to evaluate the recoverability of manufacturing, supply and distribution assets, and (2) The dividend distribution process, including the determination of realised profits and losses for the purposes of making distributions under the Companies Act 2006 (Parent Company only).", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + }, + "3168": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3168, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 183, + "start_index_page": 3151, + "last_index_page": 3168 + } + }, + "184": { + "3169": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3169, + "paragraph": "THE ESTIMATION OF OIL AND GAS RESERVES, INCLUDING RESERVES USED IN THE CALCULATION OF DEPRECIATION, DEPLETION AND AMORTISATION (DD&A), IMPAIRMENT TESTING TO EVALUATE THE RECOVERABLE AMOUNTS OF PRODUCTION ASSETS AND THE ESTIMATION OF DECOMMISSIONING AND RESTORATION (D&R) PROVISIONS Description of the key audit matter", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3170": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3170, + "paragraph": "This is a subjective estimate. Risk is unchanged compared to 2018.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3171": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3171, + "paragraph": "Our reserves audit team includes auditors with substantial oil and gas reserves expertise, valuation experience and relevant qualifications in energy economics.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3172": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3172, + "paragraph": "As described in Note 8 to the Consolidated FinancialStatements, production assets amounted to$150,366 million, and have an associated DD&A charge of $19,346 million. The accounting for these financial statement amounts relies on management\u2019s estimation of proved oil and gas reserves. As described in Note 8, impairment charges of $3,639 million were recorded during the year. As described inNote 18, D&Rprovisions amounted to$19,019 million.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3173": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3173, + "paragraph": "At December 31, 2019, Shell reported 11,096 million barrelsof oil equivalent of proved developed andundeveloped reserves.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3174": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3174, + "paragraph": "Auditing the estimation of oil and gas reserves is complex asthere is significant estimation uncertainty in assessing the quantities of Shell\u2019s reserves and resources. The estimates arebased on a central group of experts\u2019 assessments of petroleum initially in place, production curves and certain inputs, including future capital and operating cost assumptions and future carbon costs.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3175": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3175, + "paragraph": "In-year movements are driven by revisions of previous estimates resulting from reclassifications, improved recovery assumptions, extensions and discoveries and purchases and sales of reserves in place. Revisions generally arise from new information, for example additional drilling results, changes inproduction patterns and changes to development plans.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3176": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3176, + "paragraph": "Auditing these financial statement areas is complex becauseof the use of the work of reservoir engineers and the evaluation of the inputs selected by management described above, which are used by reservoir engineers in estimating proved oil and gas reserves.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3177": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3177, + "paragraph": "The procedures we carried out included the following: \u25a0 we obtained an understanding of the controls over Shell\u2019s oil and gas reserves estimation ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3178": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3178, + "paragraph": "process. Wethen evaluated the design of these controls and tested their operating effectiveness. For example, we tested management\u2019s controls over completeness and accuracy of the financial data provided to thereservoir engineers for use in estimating proved oil and gas reserves;", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3179": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3179, + "paragraph": " \u25a0 we tested that significant additions or reductions in proved reserves had been made in the ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3180": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3180, + "paragraph": "period in which the new information became available; ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3181": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3181, + "paragraph": " \u25a0 we evaluated the professional qualifications and objectivity of Shell\u2019s internal reservoir ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3182": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3182, + "paragraph": "engineers: \u2013 who provide the detailed preparation of the reserve estimates; and \u2013 those who are primarily responsible for providing independent review and challenge, and ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3183": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3183, + "paragraph": "ultimately endorsement of, the reserve estimates;", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3184": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3184, + "paragraph": " \u25a0 we evaluated the completeness and accuracy of the inputs used by the internal reservoir ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3185": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3185, + "paragraph": "engineers in estimating the economic limit test for proved oil and gas reserves determination by agreeing the inputs to source documentation. The economic limit of a project is reached when the operating cash flow from a project becomes negative. The economic limit test has a direct impact on DD&A and impairment. Where relevant, we assessed whether the economic limit test incorporated Shell\u2019s estimate of future carbon costs to reflect the potential impact of climate change and the energy transition. We also identified and evaluated corroborative and contrary evidence by comparing actual to prior year forecasts;", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3186": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3186, + "paragraph": " \u25a0 for proved undeveloped reserves, we evaluated management\u2019s development plan for ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3187": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3187, + "paragraph": "compliance with the SEC rule that undrilled locations must be scheduled to be drilled within five years, unless specific circumstances justify a longer time. This evaluation was made by assessing consistency of the development projections with Shell\u2019s drilling, development and capital expenditure plans; ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3188": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3188, + "paragraph": " \u25a0 we tested the proved undeveloped reserves recognised. Where volumes recognised remained undeveloped for more than five years from the date they were booked, or where development was notexpected for at least five years, we assessed whether or not Shell was still working towards development by comparing to future development plans, including capital expenditure plans. Also, where reserves are recognised beyond current licence terms, we obtained evidence to support the assumption that the licence would be renewed; and", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3189": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3189, + "paragraph": " \u25a0 we assessed whether the energy transition assumptions incorporate the commitments that Shell have made with respect to decarbonisation in accordance with the Paris Agreement, specifically considering reserve volumes expected to be lifted beyond 2030.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3190": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3190, + "paragraph": "Our procedures were led by the group engagement team, with input from our teams in Australia, Brazil, Canada, Kazakhstan, the Netherlands, Nigeria, Norway, Qatar, Russia and USA.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3191": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3191, + "paragraph": "Key observations communicated to the Shell Audit Committee In January 2020 we communicated to the Audit Committee that, based on the testing performed, we had not identified any significant errors in the oil and gas reserves estimates and concluded that the inputs and assumptions used to estimate proved reserves were reasonable. We also reported that we saw no evidence that the recognition ofthe reserve volumes expected to be liftedbeyond 2030 results in the overstatement of Shell\u2019s balance sheet by overstating the recoverable amounts of Shell\u2019s production assets or understatement of D&R liabilities.", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3192": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3192, + "paragraph": "Cross-reference: See the Audit Committee Report on page 130 for details on how the Audit Committee reviewed assurances for proved oil and gas reserves. Also, see Notes 2A and 8 to the \u201cConsolidated Financial Statements\u201d, and Supplementary information \u2013 oil and gas (unaudited) on page 239. ", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + }, + "3193": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3193, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 184, + "start_index_page": 3169, + "last_index_page": 3193 + } + }, + "185": { + "3194": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3194, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC continued", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3195": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3195, + "paragraph": "6. OUR ASSESSMENT OF KEY AUDIT MATTERS continued", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3196": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3196, + "paragraph": "THE RECOVERABLE AMOUNTS OF EXPLORATION AND PRODUCTION ASSETS, AND INVESTMENTS IN JOINT VENTURESANDASSOCIATES Description of the key audit matter", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3197": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3197, + "paragraph": "This is a forecast-based valuation. Risk is elevated compared to 2018 due to increased focus on the energytransition.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3198": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3198, + "paragraph": "As described in Note 8 to the Consolidated Financial Statements, at December 31, 2019, Shell recognised $165 billion of exploration and production assets within property, plant and equipment (PP&E). As described in Note 9 Shell also recognised investments in joint ventures and associates of $23 billion.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3199": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3199, + "paragraph": "Assets\u2019 operational performance and external factors have asignificant impact on the estimate of the recoverable amounts of Shell\u2019s Upstream and Integrated Gas assets.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3200": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3200, + "paragraph": "Auditing the recoverable amounts of assets and investments iscomplex and subjective due to the significant amount ofjudgement involved. As described in Note 2A, the most critical assumptions in forecasting future cash flows are management\u2019s view on the long-term oil and gas price outlook, future expected production volumes and the discountrate used. Forming a view on long-term oil and gasprices is inherently difficult, in particular with significant demand uncertainty due to factors such as world trade disputes, political instability, fears over a global recession andthe pace of decarbonisation. ", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3201": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3201, + "paragraph": "The audit procedures were performed by our group engagement team as well as our local audit teams in Australia, Brazil, Malaysia, Nigeria, Qatar, the UK and USA, which covered 72% of PP&E and investments in joint ventures and associates in Upstream and Integrated Gas segments.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3202": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3202, + "paragraph": "We also performed specified procedures over the recoverability of PP&E balances in Argentina, Bolivia, Brunei, Canada, Egypt, UAE, Iraq, Italy, Malaysia, the Netherlands, Nigeria, Oman, Qatar, Russia, Tunisia, Trinidad and Tobago and USA which covered an additional 16% ofPP&E in the Upstream and Integrated Gas segments.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3203": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3203, + "paragraph": "We obtained an understanding of the controls over Shell\u2019s asset impairment process. We then evaluated the design of these controls and tested their operating effectiveness. For example, we tested controls over the identification of cash generating units, of indicators of impairment and reversals of impairment and the approval of key inputs to impairment assessments, including oil andgas prices, discount rates and oil and gas reserves.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3204": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3204, + "paragraph": "We evaluated Shell\u2019s asset impairment methodology for both exploration and production assets withinPP&E and investments in joint ventures and associates. Where impairment assessments were carriedout, we tested the mathematical accuracy and completeness of the models used. For those assetsor investments impaired previously, we evaluated the actual results versus the assumptions madeand considered if reversals were required.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3205": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3205, + "paragraph": "To test price assumptions, we compared future short and long-term commodity prices to consensus analysts\u2019 forecasts and those adopted by other international oil companies; we evaluated whether priceswere used consistently across Shell, including pricing differentials, and evaluated whether Shell\u2019s long-term price assumptions incorporated the potential impact of climate change and the energy transition bycomparing the assumptions to the International Energy Agency price outlook in the Energy Outlookscenarios.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3206": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3206, + "paragraph": "To test the discount rate used for impairment testing, we involved our oil and gas valuations specialists toassist in evaluating, amongst other things, the methodology applied and assumptions made. We alsotested the underlying data used to support the discount rate calculation.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3207": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3207, + "paragraph": "In order to evaluate the cash flow inputs of the impairment models, our procedures included the following: \u25a0 tested that operating expenditure profiles and capital costs to complete construction agreed to ", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3208": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3208, + "paragraph": "approved operator budgets and management forecasts;", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3209": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3209, + "paragraph": " \u25a0 tested that carbon pricing was included in cash flows, where applicable; \u25a0 reconciled reserves volumes in the impairment models and tested that the life-of-field ", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3210": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3210, + "paragraph": "assumptions wereconsistent with those applied in the decommissioning and restoration provision models; and", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3211": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3211, + "paragraph": " \u25a0 performed sensitivity analyses on key variables in the base case cash flow models to understand ", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3212": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3212, + "paragraph": "the impact of changes in certain assumptions (including oil and gas prices, production and operating expenditure levels). ", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3213": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3213, + "paragraph": "We assessed the basis for adjusting the cash flows to reflect the risks of each individual asset. In so doing, we considered the stage of the life of the asset, country risk and compared the consistency of management assumptions across similar fields.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3214": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3214, + "paragraph": "Where impairment tests were undertaken, we performed sensitivity analyses of the models using different price scenarios and discount rates taking into account the nature of the asset, its location, its stage of development and associated risks.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3215": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3215, + "paragraph": "Key observations communicated to the Shell Audit Committee We reported that our price analysis provided strong independent evidence to support the reasonableness of Shell\u2019s commodity price assumptions in relation tocomparator benchmarks. Both oil and gas price assumptions have been reduced year on year and we noted that Shell\u2019s oil price assumption was conservativeversus the sector and analysts; however, we noted that the gas price assumption remained at the top of sector estimates.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3216": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3216, + "paragraph": "We confirmed that we were satisfied that the cash flows used in the impairment tests had been risked appropriately and that the discount rate applied was appropriate.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3217": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3217, + "paragraph": "We concluded that the impairments recorded were appropriately determined. Also, we reported that we were satisfied that there were not material impairment reversals that were required to be recognised. Where impairment tests were undertaken and no impairment was recorded, we performed specific sensitivity analyses onthe key assumptions that drive the impairment analysis, and concluded that it was reasonable and supportable not to record an impairmentcharge.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3218": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3218, + "paragraph": "Since early 2020, the COVID-19 (coronavirus) outbreak across China and elsewhere has caused disruption to business and economic activity and may ultimately impact Shell\u2019s future performance and asset values. In addition, an international dispute on or about March 7, 2020 has triggered an oil price war that caused thelargest one-day fall in the oil price since 1991. As part of our post balance sheet audit procedures, we have considered whether or not these events provide evidence of conditions that existed at the balance sheet date. On March 10, 2020, we reported to the Audit Committee orally that both events are indicative ofconditions that arose after the balance sheet date, and that therefore they are both non-adjusting events that have no impact on our conclusions concerning the recoverable amounts of Shell\u2019s assets at the balance sheet date.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3219": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3219, + "paragraph": "Cross-reference: See the Audit Committee Report on page 133 for details on how the Audit Committee considered impairments. Also, see Notes 2A, 8, 9 and 29 to the \u201cConsolidated Financial Statements\u201d.", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + }, + "3220": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3220, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 185, + "start_index_page": 3194, + "last_index_page": 3220 + } + }, + "186": { + "3221": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3221, + "paragraph": "THE ESTIMATION OF FUTURE REFINING MARGINS TO EVALUATE THE RECOVERABILITY OF MANUFACTURING, SUPPLY ANDDISTRIBUTION ASSETS Description of the key audit matter", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3222": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3222, + "paragraph": "This is a forecast-based assumption. Risk is elevated compared to 2018 due to increased focus on the energytransition.", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3223": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3223, + "paragraph": "We obtained an understanding of the controls over Shell\u2019s process for the estimation of refining margins. We then evaluated the design of these controls and tested their operating effectiveness. For example, wetested controls over the approval of refining margins.", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3224": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3224, + "paragraph": "As described in Note 8 to the Consolidated Financial Statements, manufacturing, supply and distribution assets amounted to $56 billion. As described in Note 2A, forecast refining margins are a key input to: \u25a0 assessing whether or not there are indicators ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3225": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3225, + "paragraph": "thatrefining assets might be impaired; and \u25a0 whether there is a need for environmental ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3226": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3226, + "paragraph": "Auditing future refining margins is inherently complex as themargins are influenced by regional factors and there islimitedexternal refining margin forecast data available. Shell\u2019s approach to estimating long-term refining margins focuses on the concept of mean reversion of markets, unless afundamental shift in markets has been identified, over an asset\u2019s life, as opposed to attempting to forecast refining cycles. This approach is consistent with prior years, which isbased on Shell statistical analysis showing that refinery margins and product cracking spreads have generally reverted either to aconstant mean or trending mean, thus supporting the continued application ofthe mean reversion methodology. Mean reversion methodology assumes that the refining margin will revert tothe average over time. In other words, deviations from theaverage are expected to revert totheaverage.", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3227": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3227, + "paragraph": "Our other procedures included the following: \u25a0 we read Shell\u2019s documentation with respect to their methodology for determining refining ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3228": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3228, + "paragraph": "margins andheld discussions with the Shell individuals responsible for the analysis and implementing Shell\u2019sestablished methodology;", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3229": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3229, + "paragraph": " \u25a0 we involved our oil and gas valuations specialists to assess the reasonableness of Shell\u2019s refining marginestimation methodology, particularly in light of the expected impacts of a lower carbon economy, by performing an independent research exercise based on third party information to identifythe long-term outlook for refining margins;", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3230": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3230, + "paragraph": " \u25a0 we assessed whether or not mean reversion is a valid methodology for forecasting refining margins byperforming several statistical tests over different time spans to examine possible mean-reverting behaviour over the long-term as well as the short-term; ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3231": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3231, + "paragraph": " \u25a0 we independently calculated mean refining margins for the regional refining hubs of North West Europe, Singapore-Dubai and United States Gulf Coast incorporating 14 years of data covering theperiod 2006-2019;", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3232": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3232, + "paragraph": " \u25a0 we assessed the extent to which the reversion to mean analysis is compatible with the potential ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3233": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3233, + "paragraph": "of future energy transition by performing quantitative and qualitative analysis of refining margins, which included developing econometric and machine learning models to project refining margins, which incorporated the findings from the mean reversion trends;", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3234": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3234, + "paragraph": " \u25a0 to test the uncertainty related to how oil demand and refining capacity may evolve in the future, ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3235": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3235, + "paragraph": "wedeveloped different sets of scenarios that are consistent with differing rates of renewable energy adoption, including Shell\u2019s \u201cSky Scenario\u201d and compared to management\u2019s refining margin forecast;", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3236": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3236, + "paragraph": " \u25a0 we considered the impact of oil demand, refining capacity, business cycles, environmental ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3237": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3237, + "paragraph": "regulation, upcoming regulations, technology substitution and policy changes in our performance of over 900 statistical tests;", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3238": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3238, + "paragraph": " \u25a0 In evaluating the refining margins, we read third party research papers that examine the ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3239": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3239, + "paragraph": "behaviour ofrefining margins from a statistical perspective; and", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3240": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3240, + "paragraph": " \u25a0 we used external broker reports to support our expectations with respect to future refining ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3241": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3241, + "paragraph": "margins andassessed whether or not management\u2019s projections aligned with our independent analysis. ", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3242": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3242, + "paragraph": "The audit procedures were performed principally by the group engagement team.", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3243": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3243, + "paragraph": "Key observations communicated to the Shell Audit Committee We reported to the Audit Committee in January 2020 that management\u2019s approach to estimating refining margins is consistent with industry valuation practice forrefining assets. Our own empirical analysis corroborates Shell\u2019s view that refining margins exhibit mean reversion in the long-term. It also indicates that, in the long-term, falling refined product demand could create structural change in the refining sector (including the closure of higher-cost refineries), which will result in asset returns that are commensurate with the underlying operating and financial risks.", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3244": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3244, + "paragraph": "Cross-reference: See the Audit Committee Report on page 133 for details on how the Audit Committee reviewed refining margins. Also see Notes 2A and 8 to the \u201cConsolidated Financial Statements\u201d.", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + }, + "3245": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3245, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 186, + "start_index_page": 3221, + "last_index_page": 3245 + } + }, + "187": { + "3246": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3246, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC continued", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3247": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3247, + "paragraph": "6. OUR ASSESSMENT OF KEY AUDIT MATTERS continued", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3248": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3248, + "paragraph": "RECOGNITION AND MEASUREMENT OF DEFERRED TAX ASSETS Description of the key audit matter", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3249": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3249, + "paragraph": "This is an estimation based on uncertain outcomes. Therealisation of these assets is largely dependent ongenerating substantial future profits. Risk is elevated compared to 2018 due to increased focusonthe energy transition.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3250": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3250, + "paragraph": "As described in Note 16 of the Consolidated Financial Statements, at December 31, 2019, Shell recognised gross DTAs totalling $28 billion, which are recognised within two balance sheet line items, deferred tax assets and as an offset against deferred tax liabilities, depending on the overall tax position in a particular jurisdiction. A significant proportion ofDTA balances issupported by forecast future taxable profits, whichare derived from Shell\u2019s commodity price assumptions and business plans.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3251": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3251, + "paragraph": "Auditing the recognition and measurement of DTAs iscomplexbecause the estimation requires significant judgement, including the timing of reversals of deferred tax liabilities (DTL) and the availability of future profits against which tax deductions represented by the DTA can be offset. ", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3252": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3252, + "paragraph": "We obtained an understanding of the controls over Shell\u2019s process for the estimation of deferred tax assets. We then evaluated the design of these controls and tested their operating effectiveness. For example, we tested controls over projected sources of taxable income and the deferred tax calculations that support the recognition of DTAs.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3253": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3253, + "paragraph": "We considered the expected timing of utilisation of the DTA, including the relevant country tax laws that apply to the utilisation of tax losses. This included the ability to carry tax losses forward or back and any restrictions arising from ring fencing tax losses to particular projects.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3254": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3254, + "paragraph": "We tested the forecast timing of the unwinding of taxable temporary differences by evaluating the projected sources of taxable income and considering the nature of the temporary differences and the relevant tax law.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3255": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3255, + "paragraph": "For DTAs that are supported by forecast taxable profits or tax planning strategies, our procedures includedthe following: \u25a0 we performed sensitivity analyses over the commodity price and/or other key assumptions that ", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3256": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3256, + "paragraph": "underpin Shell\u2019s assessment of forecast probable taxable profits;", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3257": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3257, + "paragraph": " \u25a0 we evaluated the extent to which sufficient probable taxable profits would arise in the period ", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3258": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3258, + "paragraph": "withinwhich the related losses would be available for utilisation, considering, for example, limits on thelength of time that losses can be carried forward, if applicable, or if losses are ring fenced for taxpurposes; and", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3259": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3259, + "paragraph": " \u25a0 we considered whether the tax balances were calculated using substantively enacted tax laws ", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3260": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3260, + "paragraph": "For the tax planning strategies necessary to justify the recognition of the DTA, we involved our taxprofessionals to evaluate the application of tax law in the Company\u2019s available tax planning strategies, Shell\u2019s assessment of its ability to carry forward losses, the scheduling of the reversal of existing temporary taxable differences and carry forward amounts, and the evaluation of the carry forward lives of its deferred tax assets.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3261": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3261, + "paragraph": "Our audit procedures over the recognition and valuation of DTAs were performed by our tax specialist teams in Australia, Brazil, Canada, Kazakhstan, Malaysia, The Netherlands, Nigeria, Singapore, Qatar,the UK and USA,which covered 81% of the gross DTA balance. We also performed specified procedures over the recognition and valuation of DTAs in Albania, Austria, China, Egypt, France, Germany, Norway, Oman, Spain, Switzerland, Tanzania, Trinidad & Tobago, Tunisia and Turkey, which covered an additional 22%ofthe gross DTA balance.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3262": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3262, + "paragraph": "Key observations communicated to the Shell Audit Committee We reported to the January 2020 meeting of the Audit Committee that we had challenged the robustness of the key management judgements and confirmed thatwe were satisfied that where DTAs recognised are based on income forecast to arise beyond Shell\u2019s planning horizon, we consider that there was sufficientfuture taxable profit that is probable to support the DTAs; however, we noted that a greater degree of judgement is required in recognising DTAs beyondShell\u2019splanning horizon.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3263": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3263, + "paragraph": "We also reported to the Audit Committee that the DTAs were appropriately recognised and valued at the year end.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3264": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3264, + "paragraph": "Cross-reference: See the Audit Committee Report on page 133 for details on how the Audit Committee reviewed certain tax matters, in particular the recoverability of deferred tax assets. Also see Notes 2A and 16 to the \u201cConsolidated Financial Statements\u201d.", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + }, + "3265": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3265, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 187, + "start_index_page": 3246, + "last_index_page": 3265 + } + }, + "188": { + "3266": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3266, + "paragraph": "REVENUE RECOGNITION: THE RISK OF UNREALISED TRADING GAINS AND LOSSES BEING RECOGNISED AS A RESULT OFERRORS, UNAUTHORISED TRADING ACTIVITY OR DELIBERATE MISSTATEMENT OF SHELL\u2019S TRADING POSITION Description of the key audit matter", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3267": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3267, + "paragraph": "We obtained an understanding of the controls over Shell\u2019s process for the recognition of revenue relating to unrealised trading gains and losses. We then evaluated the design of these controls and tested their operating effectiveness. For example, we tested controls within the front-to-end deal lifecycle across the trading and supply function around the review of valuation models.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3268": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3268, + "paragraph": "Our trading audit professionals comprise of individuals who have significant experience of auditing bothlarge commodity trading organisations and financial institutions.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3269": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3269, + "paragraph": "The other procedures we performed included the following: \u25a0 we enquired whether or not there were any breakdowns of trading controls or instances of ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3270": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3270, + "paragraph": "rogue trading reported or known or suspected frauds; ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3271": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3271, + "paragraph": " \u25a0 we obtained external confirmation of a sample of open trading positions with brokers and ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3272": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3272, + "paragraph": " \u25a0 where external confirmations were not received, we tested the existence of the deal by ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3273": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3273, + "paragraph": "agreement tosigned contracts;", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3274": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3274, + "paragraph": " \u25a0 we compared the price curves used by Shell to value the trading positions to external data; \u25a0 we performed independent testing of valuation models, evaluating contract terms and key ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3275": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3275, + "paragraph": "assumptions to independent market quotes; and ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3276": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3276, + "paragraph": " \u25a0 we tested the completeness of the amounts recorded in the financial statements through ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3277": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3277, + "paragraph": "procedures to search for unrecorded liabilities by comparing sales and trade receivables and purchases and trade payables that occurred near the end of the financial year to evaluate whether or not transactions were recorded in the correct period.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3278": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3278, + "paragraph": "The audit procedures were performed principally by the group engagement team and the UK andUS component teams.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3279": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3279, + "paragraph": "This is a risk of error in revenue due to the complexityof Shell\u2019strading and supply function. Riskis unchanged compared to 2018.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3280": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3280, + "paragraph": "As described in Note 4 to the Consolidated Financial Statements, at December 31, 2019, Shell recognised $345 billion of revenue. As described in Note 19, Shellrecognised derivative financial instrument assetsof $8 billion and $7 billion of derivativefinancial instrument liabilities.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3281": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3281, + "paragraph": "The recognition of unrealised trading gains and losses is a complex audit area. There is an inherently higher risk of error, of unauthorised trading activity or of deliberate misstatement of the group\u2019s overall trading position.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3282": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3282, + "paragraph": "Shell\u2019s trading and supply function is integrated within the Downstream, Integrated Gas and Upstream segments and isspread across multiple regions. The trading and supply function is inherently complex due to, amongst other things, the fact that trading is not always carried out in active markets where prices are readily available. This exposes Shell to risksthat are not normally associated with core oil and gasactivities.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3283": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3283, + "paragraph": "Auditing unrealised trading gains and losses is complex because of the significant judgement used in determining the key assumptions used in valuing the trades, the risk of error, ofunauthorised trading activity or of deliberate misstatementof Shell\u2019s trading positions.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3284": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3284, + "paragraph": "The deliberate misstatement of Shell\u2019s trading positions or mismarking of positions could result in understated trading losses, overstated trading profits and/or individual bonuses being manipulated through inappropriate inter-period profit/ loss allocations.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3285": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3285, + "paragraph": "Key observations communicated to the Shell Audit Committee In March 2020, we reported to the Audit Committee that: \u25a0 the valuation of derivative contracts as at December 31, 2019 was appropriate; \u25a0 our testing \u2013 through a combination of controls testing and substantive audit procedures \u2013 satisfied us that the models used to value contracts were ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3286": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3286, + "paragraph": "appropriatefor the purposes of the valuations included in Shell\u2019s Consolidated Financial Statements; ", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3287": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3287, + "paragraph": " \u25a0 the unrealised gains and losses had been recorded appropriately; and \u25a0 our completeness testing did not identify any unrecorded liabilities or significant cut-offissues.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3288": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3288, + "paragraph": "Cross-reference: See the Audit Committee Report on page 130 on how the Audit Committee reviewed Trading and Supply\u2019s control framework. Also see Note 19 to the \u201cConsolidated Financial Statements\u201d.", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + }, + "3289": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3289, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 188, + "start_index_page": 3266, + "last_index_page": 3289 + } + }, + "189": { + "3290": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3290, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC continued", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3291": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3291, + "paragraph": "6. OUR ASSESSMENT OF KEY AUDIT MATTERS continued", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3292": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3292, + "paragraph": "THE DIVIDEND DISTRIBUTION PROCESS, INCLUDING THE DETERMINATION OF REALISED PROFITS AND LOSSES FOR THE PURPOSES OF MAKING DISTRIBUTIONS UNDER THE COMPANIES ACT 2006 Description of the key audit matter", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3293": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3293, + "paragraph": "This is a risk of non-compliance with laws and regulations. This key audit matter relates to the ParentCompany only.", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3294": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3294, + "paragraph": "RDS plc has $19 billion of distributable profits. At December 31, 2019,Shell distributed $15 billion of dividends andrepurchased $10 billion of shares.", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3295": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3295, + "paragraph": "There is considerable public interest in ensuring that companies pay dividends and buy back shares out of profitsavailable for distribution. Shell is both one of the world\u2019s highest dividend-paying companies and has a significant share buyback programme.", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3296": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3296, + "paragraph": "The legal framework applicable to UK companies for determining profits available for distribution is contained inboth the Companies Act 2006 and complementary technical guidance. Under this framework, distributions are made by individual companies and not by groups. The Shell Consolidated Financial Statements are therefore not relevant for the purpose of determining Shell\u2019s profits available for distribution. Whether or not a distribution may be made by Shell is determined by reference to Shell\u2019s \u2018relevant accounts\u2019, which are the Parent Company financial statements. ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3297": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3297, + "paragraph": "The procedures we performed included the following: \u25a0 We obtained an understanding of the procedures performed by management to monitor the ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3298": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3298, + "paragraph": "profitsavailable for distribution of the Parent Company. This included understanding the processes tomonitor profits available for distribution of the subsidiary entities paying significantdividends to theParent Company; ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3299": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3299, + "paragraph": " \u25a0 We tested management\u2019s distributable reserve controls at both the Parent Company and ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3300": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3300, + "paragraph": "subsidiary entities that pay significant dividends, which are designed to ensure that there are sufficient profits available for distribution prior to a dividend being proposed and approved. Our testing included areview of management\u2019s analysis of non-distributable profits or losses. We also assessed the completeness of the non-distributable profits or losses identified; ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3301": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3301, + "paragraph": " \u25a0 We analysed transactions that impacted significantly the retained earnings of the Parent ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3302": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3302, + "paragraph": "Company andsubsidiary entities paying significant dividends and considered whether any ofthese transactions do not meet the criteria of distributable profits or losses. We considered whether operating and financial circumstances existed that could result in a dividend block within the group structure;", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3303": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3303, + "paragraph": " \u25a0 We reviewed management\u2019s analysis of profits available for distribution in the Parent Company ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3304": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3304, + "paragraph": "and compared this to the expected future dividends and share buy-back commitments. We alsoreperformed the calculation of distributable profits available for distribution of the Parent Company by reference to the relevant accounts; ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3305": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3305, + "paragraph": " \u25a0 We compared the market capitalisation of Shell with the carrying amount of the investment held ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3306": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3306, + "paragraph": "by the Parent Company that directly and indirectly holds the investments of Shell to assess whether there was any indication that the asset may be impaired.We compared the carrying value of the investment to its recoverable amount in order to identify any impairment that could have a direct impact on profits available for distribution; and", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3307": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3307, + "paragraph": " \u25a0 We satisfied ourselves that dividends paid and shares repurchased in 2019 were allowable, ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3308": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3308, + "paragraph": "byreference to the most recent relevant accounts, for the purposes of making distributions underthe Companies Act 2006.", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3309": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3309, + "paragraph": "The audit procedures were performed principally by the group engagement team and the UKcomponentteam.", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3310": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3310, + "paragraph": "Key observations communicated to the Shell Audit Committee In January 2020, we reported to the Audit Committee that: \u25a0 the procedures performed by management to monitor the profits available for distribution of the Parent Company and subsidiary entities paying significant ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3311": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3311, + "paragraph": " \u25a0 the analysis performed by management to identify non-distributable profits or losses and expected future commitments or operating and financial circumstances ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3312": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3312, + "paragraph": "dividends tothe Parent Company were appropriate; ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3313": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3313, + "paragraph": "thatcould result in a dividend block is appropriate; and", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3314": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3314, + "paragraph": " \u25a0 through a combination of controls testing and substantive audit procedures, we are satisfied that the profits available for distribution, by reference to the ", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3315": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3315, + "paragraph": "relevant accounts, were sufficient to support the dividends paid and declared and share buy-backs made by the Parent Company.", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3316": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3316, + "paragraph": "Cross-reference: See Note 23 to the \u201cConsolidated Financial Statements\u201d and Note 8 to the \u201cParent Company Financial Statements\u201d.", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + }, + "3317": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3317, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 189, + "start_index_page": 3290, + "last_index_page": 3317 + } + }, + "190": { + "3318": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3318, + "paragraph": "7. OTHER INFORMATION AND MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION The other information comprises the information included in the Annual Report set out on pages 1 to 171 and 239 to 256 including the Strategic Report,Governance and Additional Information sections, other than the financial statements and our auditor\u2019s report thereon. The Directors are responsible for the other information.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3319": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3319, + "paragraph": "Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in this report, we donot express any form of assurance conclusion thereon. In the table below, we have outlined our responsibility for the other information in the AnnualReport and the matters we would like to draw to your attention. ", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3320": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3320, + "paragraph": "Our reporting In our opinion, based on the work undertaken in the course ofthe audit, the information given in the strategic report andthe directors\u2019 report for the financial year for which thefinancial statements are prepared is consistent with thefinancial statements and they have been prepared inaccordance with applicable legal requirements.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3321": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3321, + "paragraph": "Our reporting We have nothing to report by exception.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3322": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3322, + "paragraph": "Our reporting We have nothing material to add or draw attention towithregard to any of these matters.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3323": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3323, + "paragraph": "STRATEGIC REPORT AND THE DIRECTORS\u2019 REPORT Our responsibility We are required to report whether, based on the work undertaken in the course of the audit: \u25a0 the information given in the strategic report and the directors\u2019 report for the financial year for whichthefinancial statements are prepared is consistent with the financial statements; and ", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3324": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3324, + "paragraph": " \u25a0 the strategic report and the directors\u2019 report have been prepared in accordance with applicable ", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3325": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3325, + "paragraph": "We are required to report by exception whether, in the light of the knowledge and understanding of thegroup and the parent company and its environment obtained in the course of the audit, we have identified material misstatements in the strategic report or the directors\u2019 report.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3326": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3326, + "paragraph": "PRINCIPAL RISKS, GOING CONCERN AND VIABILITY STATEMENT Our responsibility ISA(UK) requires us to report to you whether we have anything material to add or draw attention to: \u25a0 the disclosures in the Annual Report set out on pages 27 to 36 that describe the principal risks andcross ", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3327": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3327, + "paragraph": "refer to where there are explanations of how the risks are being managed or mitigated;", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3328": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3328, + "paragraph": " \u25a0 the Directors\u2019 confirmation set out on page 169 in the Annual Report that they have carried out a robust assessment of the principal risks facing the entity, including those that would threaten its business model, future performance, solvency or liquidity;", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3329": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3329, + "paragraph": " \u25a0 the Directors\u2019 statement set out on page 171 in the financial statements about whether they considered it appropriate to adopt the going concern basis of accounting in preparing them, and their identification of any material uncertainties to the entity\u2019s ability to continue to do so over a period of atleast twelve months from the date of approval of the financial statements;", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3330": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3330, + "paragraph": " \u25a0 whether the Directors\u2019 statement in relation to going concern required under the Listing Rules in ", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3331": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3331, + "paragraph": "accordance with Listing Rule 9.8.6R(3) is materially inconsistent with our knowledge obtained in the audit; or", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3332": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3332, + "paragraph": " \u25a0 the Directors\u2019 explanation set out on pages 165 to 166 in the Annual Report as to how they have ", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3333": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3333, + "paragraph": "assessed the prospects of the entity, over what period they have done so and why they consider that period to be appropriate, and their statement as to whether they have a reasonable expectation that the entity will be able to continue in operation and meet its liabilities as they fall due over the period oftheir assessment, including any related disclosures drawing attention to any necessary qualificationsor assumptions.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3334": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3334, + "paragraph": "FAIR, BALANCED AND UNDERSTANDABLE SET OUT ON PAGE 171 Our responsibility We are required to consider whether the statement given by the Directors that they consider the Annual Report and financial statements taken as a whole is fair, balanced and understandable and provides the information necessary for shareholders to assess Shell\u2019s performance, business model and strategy, is materially inconsistent with our knowledge obtained in the audit.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3335": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3335, + "paragraph": "OTHER INFORMATION Our responsibility In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. Ifweidentify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of the other information, we are required to report that fact.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3336": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3336, + "paragraph": "DIRECTORS\u2019 REMUNERATION REPORT Our responsibility We are required to report whether the part of the Directors\u2019 Remuneration Report to be audited has beenproperly prepared in accordance with the Companies Act 2006.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3337": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3337, + "paragraph": "Our reporting In the context of our responsibilities on other information, wehave nothing to report.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3338": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3338, + "paragraph": "Our reporting We have nothing to report in this regard.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3339": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3339, + "paragraph": "Our reporting In our opinion, the part of the Directors\u2019 Remuneration Reportto be audited has been properly prepared in accordance with the Companies Act 2006.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3340": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3340, + "paragraph": "We are also required to report by exception whether certain disclosures of directors\u2019 remuneration specified by law are not made. ", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3341": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3341, + "paragraph": "Our reporting We have nothing to report by exception.", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + }, + "3342": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3342, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 190, + "start_index_page": 3318, + "last_index_page": 3342 + } + }, + "191": { + "3343": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3343, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO THE MEMBERS OF ROYAL DUTCH SHELLPLC continued", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3344": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3344, + "paragraph": "7. OTHER INFORMATION AND MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION continued", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3345": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3345, + "paragraph": "DIRECTORS\u2019 STATEMENT OF COMPLIANCE WITH THE UK CORPORATE GOVERNANCE CODE SET OUT ON PAGES 115 to 116 Our responsibility We are required to consider whether the parts of the Directors\u2019 statement required under the Listing Rules relating to Shell\u2019s compliance with the UK Corporate Governance Code containing provisions specified for review by the auditor in accordance with Listing Rule 9.8.10R(2) do properly disclose a departure from a relevant provision of the UK Corporate Governance Code.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3346": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3346, + "paragraph": "Our reporting In the context of our responsibilities on other information, wehave nothing to report.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3347": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3347, + "paragraph": "AUDIT COMMITTEE REPORTING SET OUT ON PAGES 139 TO 134 Our responsibility We are required to consider whether the section describing the work of the Audit Committee does not appropriately address matters communicated by us to the Audit Committee.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3348": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3348, + "paragraph": "Our reporting We have nothing to report by exception.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3349": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3349, + "paragraph": "OTHER REPORTING Our responsibility Under the Companies Act 2006, we are required to report to you by exception if, in our opinion: \u25a0 adequate accounting records have not been kept by the Parent Company, or returns adequate ", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3350": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3350, + "paragraph": "Our reporting We have nothing to report by exception.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3351": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3351, + "paragraph": "forouraudit have not been received from branches not visited by us; or", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3352": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3352, + "paragraph": " \u25a0 the Parent Company financial statements and the part of the Directors\u2019 Remuneration Report ", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3353": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3353, + "paragraph": "tobeaudited are not in agreement with the accounting records and returns; or", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3354": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3354, + "paragraph": " \u25a0 we have not received all the information and explanations we require for our audit.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3355": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3355, + "paragraph": "8. RESPONSIBILTIES OF THE DIRECTORS As explained more fully in the statement of Directors\u2019 responsibilities set out on page 171, the Directors are responsible for the preparation of the Consolidated Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are freefrom material misstatement, whether due to fraud or error. ", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3356": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3356, + "paragraph": "In preparing the financial statements, the Directors are responsible for assessing Shell and the Parent Company\u2019s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate Shell or the Parent Company or to cease operations, orhave no realistic alternative but to do so.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3357": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3357, + "paragraph": "9. OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor\u2019s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not aguarantee that an audit conducted in accordance with ISA (UK) will always detect a material misstatement when it exists. Misstatements canarise from fraud or error and are considered material if, individually orin the aggregate, they could reasonably be expected to influence theeconomic decisions of users taken on the basis of these financialstatements.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3358": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3358, + "paragraph": "10. EXPLANATION AS TO WHAT EXTENT THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD The objectives of our audit, in respect to fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3359": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3359, + "paragraph": "Our approach was as follows: \u25a0 We obtained an understanding of the legal and regulatory frameworks that are applicable to Shell and determined that the most significant are ", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3360": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3360, + "paragraph": "those that relate to the reporting framework (IFRS, Companies Act2006, the UK Corporate Governance Code, the US Securities Exchange Act of 1934 and the Listing Rules of the UK Listing Authority) and the relevant tax compliance regulations in the jurisdictions in which Shell operates. In addition, we concluded that there are certain significant laws and regulations that may have an effect on the determination of the amounts and disclosures in the financial statements and those laws and regulations relating to health andsafety, employee matters, environmental, and bribery andcorruption practices;", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3361": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3361, + "paragraph": " \u25a0 We understood how Shell is complying with those frameworks by making enquiries of management, internal audit, those responsible forlegal and compliance procedures and the Company Secretary. Wecorroborated our enquiries through our review of Board minutes, papers provided to the Audit Committee and correspondence receivedfrom regulatory bodies and noted that there was no contradictory evidence;", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + }, + "3362": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3362, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 191, + "start_index_page": 3343, + "last_index_page": 3362 + } + }, + "192": { + "3363": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3363, + "paragraph": " \u25a0 We assessed the susceptibility of Shell\u2019s Consolidated Financial Statements to material misstatement, including how fraud might occur, by embedding ", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3364": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3364, + "paragraph": "forensic specialists into our group engagement team. Our forensic specialists worked with the group engagement team to identify the fraud risks across various parts of the business. In addition, we utilised internal and external information to perform a fraud risk assessment for each of the countries of operation. We considered the risk of fraud through management override and, in response, we incorporated data analytics across manual journal entries into our audit approach. We also considered the possibility of fraudulent or corrupt payments made through third parties and conducted detailed analytical testing on third party vendors in high risk jurisdictions. Where instances of risk behaviour patterns were identified through our data analytics, we performed additional audit procedures to address each identified risk. These procedures included testing of transactions back to source information and were designed to provide reasonable assurance that the financial statements were free from fraud or error. We also conducted specific audit procedures in relation to the risk ofbribery and corruption across various countries of operation determined by a risk-based process;", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3365": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3365, + "paragraph": " \u25a0 Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above. Our procedures involved journal entry testing, with afocus on journals meeting our defined risk criteria based on our understanding of the business; enquiries of legal counsel, group management, internal audit and all full and specific scope management; review of the volume and nature of complaints receivedby the whistleblowing hotline during the year; and If any instances of non-compliance with laws and regulations were identified, these were communicated to the relevant local EY teamswho performed sufficient and appropriate audit procedures, supplemented by audit procedures performed at the group level. Where appropriate we consulted our forensic specialists.", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3366": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3366, + "paragraph": "A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council\u2019s website at https:// www.frc.org.uk/auditorsresponsibilities. This description forms partof our auditor\u2019s report.", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3367": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3367, + "paragraph": "11. OTHER MATTERS WE ARE REQUIRED TO ADDRESS Following the recommendation of the Audit Committee we were re-appointed by Royal Dutch Shell plc\u2019s Annual General Meeting (AGM) on May21,2019, as auditors of Royal Dutch Shell to hold office until the conclusion of the next AGM of the Company, and signed an engagement letteronMay 22, 2019. Our total uninterrupted period of engagement is four years covering periods from our appointment through to the period ending December 31, 2019.", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3368": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3368, + "paragraph": "The non-audit services prohibited by the FRC\u2019s Ethical Standard were not provided to Shell or the Parent Company and we remain independent of Shelland the Parent Company in conducting the audit. ", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3369": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3369, + "paragraph": "Our audit opinion is consistent with our additional report to the Audit Committee explaining the results of our audit.", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3370": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3370, + "paragraph": "12. USE OF OUR REPORT This report is made solely to the company\u2019s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company\u2019s members those matters we are required to state to them in an auditor\u2019s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company\u2019s members as a body, for our audit work, for this report, or for the opinions we have formed.", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3371": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3371, + "paragraph": "/s/ Allister Wilson (Senior Statutory Auditor) for and on behalf of Ernst & Young LLP ALLISTER WILSON Senior Statutory Auditor for and on behalf of Ernst & Young LLP London March 11, 2020", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3372": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3372, + "paragraph": "[A] The maintenance and integrity of the Shell website are the responsibility of the Directors; the work carried out by the auditors does not involve consideration of these matters and, accordingly, ", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3373": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3373, + "paragraph": "theauditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website.", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3374": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3374, + "paragraph": "[B] Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + }, + "3375": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3375, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 192, + "start_index_page": 3363, + "last_index_page": 3375 + } + }, + "193": { + "3376": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3376, + "paragraph": "CONSOLIDATED FINANCIAL STATEMENTS", + "page": 193, + "start_index_page": 3376, + "last_index_page": 3379 + }, + "3377": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3377, + "paragraph": "Consolidated Statement of Income Consolidated Statement of Comprehensive Income Consolidated Balance Sheet Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements Note 1 Basis of preparation Note 2A Significant accounting policies, judgements and estimates Note 2B Changes to IFRS not yet adopted Note 3 Adoption of IFRS 16 Leases Note 4 Segment information Note 5 Interest and other income Note 6 Interest expense Note 7 Intangible assets Note 8 Property, plant and equipment Note 9 Joint ventures and associates Note 10 Investments in securities Note 11 Trade and other receivables Note 12 Inventories Note 13 Cash and cash equivalents Note 14 Debt and lease arrangements Note 15 Trade and other payables Note 16 Taxation Note 17 Retirement benefits Note 18 Decommissioning and other provisions Note 19 Financial instruments Note 20 Share capital Note 21 Share-based compensation plans and shares held in trust Note 22 Other reserves Note 23 Dividends Note 24 Earnings per share Note 25 Legal proceedings and other contingencies Note 26 Employees Note 27 Directors and Senior Management Note 28 Auditor\u2019s remuneration Note 29 Post-balance sheet events", + "page": 193, + "start_index_page": 3376, + "last_index_page": 3379 + }, + "3378": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3378, + "paragraph": "191 191 192 193 194 195 195 195 203 204 206 209 209 209 210 213 214 215 216 216 216 220 220 223 226 227 232 232 233 235 235 235 237 237 238 238 ", + "page": 193, + "start_index_page": 3376, + "last_index_page": 3379 + }, + "3379": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3379, + "paragraph": "wShell Annual Report and Accounts 2019Financial Statements", + "page": 193, + "start_index_page": 3376, + "last_index_page": 3379 + } + }, + "194": { + "3380": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3380, + "paragraph": "CONSOLIDATED STATEMENT OF INCOME", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3381": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3381, + "paragraph": "Revenue Share of profit of joint ventures and associates Interest and other income Total revenue and other income Purchases Production and manufacturing expenses Selling, distribution and administrative expenses Research and development Exploration Depreciation, depletion and amortisation Interest expense Total expenditure Income before taxation Taxation charge Income for the period Income attributable to non-controlling interest Income attributable to Royal Dutch Shell plc shareholders Basic earnings per share ($) Diluted earnings per share ($)", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3382": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3382, + "paragraph": "CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3383": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3383, + "paragraph": "Income for the period Other comprehensive income, net of tax", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3384": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3384, + "paragraph": "Items that may be reclassified to income in later periods:", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3385": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3385, + "paragraph": "Currency translation differences Unrealised gains on securities [A] Debt instruments remeasurements [A] Cash flow and net investment hedging (losses)/gains Deferred cost of hedging [A] Share of other comprehensive (loss)/income of joint ventures and associates", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3386": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3386, + "paragraph": "Items that are not reclassified to income in later periods:", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3387": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3387, + "paragraph": "Retirement benefits remeasurements Equity instruments remeasurements [A] Share of other comprehensive income of joint ventures and associates [A]", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3388": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3388, + "paragraph": "3,588 (153) 193 3,628 952 24,858 383 24,475", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3389": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3389, + "paragraph": "Total Other comprehensive (loss)/income for the period Comprehensive income for the period Comprehensive income attributable to non-controlling interest Comprehensive income attributable to Royal Dutch Shell plc shareholders [A] Changes in line items from 2018 onwards compared with 2017 are the result of the implementation of IFRS 9 Financial Instruments, effective from January 1, 2018.", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3390": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3390, + "paragraph": "2019 344,877 3,604 3,625 352,106 252,983 26,438 10,493 962 2,354 28,701 4,690 326,621 25,485 9,053 16,432 590 15,842 1.97 1.95", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3391": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3391, + "paragraph": "2018 388,379 4,106 4,071 396,556 294,399 26,970 11,360 986 1,340 22,135 3,745 360,935 35,621 11,715 23,906 554 23,352 2.82 2.80", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3392": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3392, + "paragraph": "(2,102) (30) 2 (2,130) (2,034) 14,398 625 13,773", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3393": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3393, + "paragraph": "$million 2017 305,179 4,225 2,466 311,870 223,447 26,652 10,509 922 1,945 26,223 4,042 293,740 18,130 4,695 13,435 458 12,977 1.58 1.56", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + }, + "3394": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3394, + "paragraph": "wShell Annual Report and Accounts 2019Financial Statements", + "page": 194, + "start_index_page": 3380, + "last_index_page": 3394 + } + }, + "195": { + "3395": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3395, + "paragraph": "CONSOLIDATED FINANCIAL STATEMENTS", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3396": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3396, + "paragraph": "CONSOLIDATED BALANCE SHEET", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3397": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3397, + "paragraph": "Assets Non-current assets Intangible assets Property, plant and equipment Joint ventures and associates Investments in securities Deferred tax Retirement benefits Trade and other receivables Derivative financial instruments", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3398": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3398, + "paragraph": "Current assets Inventories Trade and other receivables Derivative financial instruments Cash and cash equivalents", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3399": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3399, + "paragraph": "Total assets Liabilities Non-current liabilities Debt Trade and other payables Derivative financial instruments Deferred tax Retirement benefits Decommissioning and other provisions", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3400": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3400, + "paragraph": "Current liabilities Debt Trade and other payables Derivative financial instruments Taxes payable Retirement benefits Decommissioning and other provisions", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3401": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3401, + "paragraph": "Total liabilities Equity Share capital Shares held in trust Other reserves Retained earnings Equity attributable to Royal Dutch Shell plc shareholders Non-controlling interest Total equity Total liabilities and equity", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3402": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3402, + "paragraph": "Signed on behalf of the Board /s/ Jessica Uhl JESSICA UHL Chief Financial Officer March 11, 2020", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3403": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3403, + "paragraph": "23,486 238,349 22,808 2,989 10,524 4,717 8,085 689 311,647", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3404": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3404, + "paragraph": "24,071 43,414 7,149 18,055 92,689 404,336", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3405": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3405, + "paragraph": "81,360 2,342 1,209 14,522 13,017 21,799 134,249", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3406": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3406, + "paragraph": "15,064 49,208 5,429 6,693 419 2,811 79,624 213,873", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3407": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3407, + "paragraph": "657 (1,063) 14,451 172,431 186,476 3,987 190,463 404,336", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3408": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3408, + "paragraph": "23,586 223,175 25,329 3,074 12,097 6,051 7,826 574 301,712", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3409": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3409, + "paragraph": "21,117 42,431 7,193 26,741 97,482 399,194", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3410": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3410, + "paragraph": "66,690 2,735 1,399 14,837 11,653 21,533 118,847", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3411": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3411, + "paragraph": "10,134 48,888 7,184 7,497 451 3,659 77,813 196,660", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3412": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3412, + "paragraph": "685 (1,260) 16,615 182,606 198,646 3,888 202,534 399,194", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + }, + "3413": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3413, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 195, + "start_index_page": 3395, + "last_index_page": 3413 + } + }, + "196": { + "3414": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3414, + "paragraph": "CONSOLIDATED STATEMENT OF CHANGES IN EQUITY", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3415": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3415, + "paragraph": "Equity attributable to Royal Dutch Shell plc shareholders", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3416": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3416, + "paragraph": "programme, plus associated stamp duty (see Note 20). ", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3417": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3417, + "paragraph": "[C] The amendments to IFRS 2 Share-based payment became effective January 1, 2018. Following adoption of the amendments, components of share-based payments (related to tax) that ", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3418": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3418, + "paragraph": "werepreviously classified as cash-settled are classified as equity-settled from 2018 onwards. ", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3419": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3419, + "paragraph": "At January 1, 2019 (as previously published) Impact of IFRS 16 [A] At January 1, 2019 (as revised) Comprehensive income/(loss) for the period Transfer from other comprehensive income Dividends (see Note 23) Repurchases of shares [B] Share-based compensation Other changes in non-controlling interest At December 31, 2019 At January 1, 2018 (as previously published) Impact of IFRS 9 At January 1, 2018 (as revised) Comprehensive income for the period Transfer from other comprehensive income Dividends (see Note 23) Repurchases of shares [B] Share-based compensation [C] Other changes in non-controlling interest At December 31, 2018 At January 1, 2017 Comprehensive income for the period Dividends (see Note 23) Scrip dividends Share-based compensation Other changes in non-controlling interest At December 31, 2017 [A] See Note 3. [B] The repurchase of shares recognised through retained earnings includes the aggregate maximum consideration to which Shell is contractually bound under the current tranche of the buyback ", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3420": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3420, + "paragraph": "Share capital (see Note 20) 685 \u2013 685 \u2013 \u2013 \u2013 (28) \u2013 \u2013 657 696 \u2013 696 \u2013 \u2013 \u2013 (11) \u2013 \u2013 685 683 \u2013 \u2013 13 \u2013 \u2013 696", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3421": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3421, + "paragraph": "Retained earnings 182,606 4 182,610 15,842 74 (15,198) (10,286) (613) 2 172,431 177,645 88 177,733 23,352 971 (15,675) (4,519) 693 51 182,606 175,566 12,977 (15,628) 4,751 (74) 53 177,645", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3422": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3422, + "paragraph": "Shares held in trust (1,260) \u2013 (1,260) \u2013 \u2013 \u2013 \u2013 197 \u2013 (1,063) (917) \u2013 (917) \u2013 \u2013 \u2013 \u2013 (343) \u2013 (1,260) (901) \u2013 \u2013 \u2013 (16) \u2013 (917)", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3423": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3423, + "paragraph": "Other reserves (see Note 22) 16,615 \u2013 16,615 (2,069) (74) \u2013 28 (49) \u2013 14,451 16,932 (138) 16,794 1,123 (971) \u2013 11 (342) \u2013 16,615 11,298 5,851 \u2013 (13) (204) \u2013 16,932", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3424": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3424, + "paragraph": "Non- controlling interest 3,888 \u2013 3,888 625 \u2013 (537) \u2013 \u2013 11 3,987 3,456 \u2013 3,456 383 \u2013 (586) \u2013 \u2013 635 3,888 1,865 578 (406) \u2013 \u2013 1,419 3,456", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3425": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3425, + "paragraph": "Total 198,646 4 198,650 13,773 \u2013 (15,198) (10,286) (465) 2 186,476 194,356 (50) 194,306 24,475 \u2013 (15,675) (4,519) 8 51 198,646 186,646 18,828 (15,628) 4,751 (294) 53 194,356", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3426": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3426, + "paragraph": "Total equity 202,534 4 202,538 14,398 \u2013 (15,735) (10,286) (465) 13 190,463 197,812 (50) 197,762 24,858 \u2013 (16,261) (4,519) 8 686 202,534 188,511 19,406 (16,034) 4,751 (294) 1,472 197,812", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + }, + "3427": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3427, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 196, + "start_index_page": 3414, + "last_index_page": 3427 + } + }, + "197": { + "3428": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3428, + "paragraph": "CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3429": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3429, + "paragraph": "CONSOLIDATED STATEMENT OF CASH FLOWS", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3430": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3430, + "paragraph": " Income before taxation for the period [A] Adjustment for:", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3431": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3431, + "paragraph": "Interest expense (net) Depreciation, depletion and amortisation Exploration well write-offs Net gains on sale and revaluation of non-current assets and businesses Share of profit of joint ventures and associates Dividends received from joint ventures and associates (Increase)/decrease in inventories (Increase)/decrease in current receivables (Decrease)/increase in current payables Derivative financial instruments Retirement benefits [A] Decommissioning and other provisions [A] Other [A]", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3432": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3432, + "paragraph": "Tax paid Cash flow from operating activities Capital expenditure Investments in joint ventures and associates Investment in equity securities [A] Proceeds from sale of property, plant and equipment and businesses Proceeds from sale of joint ventures and associates Proceeds from sale of equity securities [A] Interest received Other investing cash inflows [A] Other investing cash outflows [A] Cash flow from investing activities Net decrease in debt with maturity period within three months Other debt:", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3433": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3433, + "paragraph": "New borrowings Repayments", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3434": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3434, + "paragraph": "Interest paid Derivative financial instruments [B] Change in non-controlling interest Cash dividends paid to:", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3435": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3435, + "paragraph": "3,705 28,701 1,218 (2,519) (3,604) 4,139 (2,635) (921) (1,223) (1,484) (365) (686) (28) (7,605) 42,178 (22,971) (743) (205) 4,803 2,599 469 911 2,921 (3,563) (15,779) (308)", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3436": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3436, + "paragraph": "2,878 22,135 449 (3,265) (4,106) 4,903 2,823 1,955 (1,336) 799 390 (1,754) 1,264 (9,671) 53,085 (23,011) (880) (187) 4,366 1,594 4,505 823 1,373 (2,242) (13,659) (396)", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3437": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3437, + "paragraph": "3,365 26,223 897 (1,640) (4,225) 4,998 (2,079) (2,577) 2,406 (1,039) (654) (1,706) (142) (6,307) 35,650 (20,845) (595) (93) 8,808 2,177 2,636 724 2,909 (3,750) (8,029) (869)", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3438": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3438, + "paragraph": "Royal Dutch Shell plc shareholders Non-controlling interest", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3439": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3439, + "paragraph": "(10,877) (406) \u2013 Repurchases of shares (717) Shares held in trust: net purchases and dividends received (27,086) Cash flow from financing activities 647 Currency translation differences relating to cash and cash equivalents 1,182 (Decrease)/increase in cash and cash equivalents 19,130 Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 20,312 [A] With effect from 2019, the starting point for the Consolidated Statement of Cash Flows is \u2018Income before taxation\u2019 (previously \u2018Income\u2019). Furthermore, to improve transparency, 'Retirement benefits' and 'Decommissioning and other provisions' have been separately disclosed. The 'Other' component of cash flow from investing activities has been expanded to distinguish between cash inflows and outflows. Prior period comparatives for these line items have been revised to conform with current year presentation. Overall, the revisions do not have an impact on cash flow from operating activities, cash flow from investing activities or cash flow from financing activities, as previously published. ", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3440": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3440, + "paragraph": "(15,675) (584) (3,947) (1,115) (32,548) (449) 6,429 20,312 26,741", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3441": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3441, + "paragraph": "(15,198) (537) (10,188) (1,174) (35,209) 124 (8,686) 26,741 18,055", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3442": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3442, + "paragraph": "[B] As from 2019, a new line item 'Derivative financial instruments' has been introduced for derivatives related to debt.", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + }, + "3443": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3443, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 197, + "start_index_page": 3428, + "last_index_page": 3443 + } + }, + "198": { + "3444": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3444, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3445": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3445, + "paragraph": "1 \u2013 BASISOFPREPARATION The Consolidated Financial Statements of Royal Dutch Shell plc (the \u201cCompany\u201d) and its subsidiaries (collectively referred to as \u201cShell\u201d) have been prepared in accordance with the provisions of the Companies Act 2006 (the \u201cAct\u201d) and Article 4 of the IAS Regulation, and therefore in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) as adopted by the European Union. As applied to Shell, there are no material differences from IFRS as issued by the International Accounting Standards Board (\u201cIASB\u201d); therefore, the Consolidated Financial Statements have been prepared in accordance with IFRS as issued by the IASB. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3446": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3446, + "paragraph": "As described in the accounting policies in Note 2A, the Consolidated Financial Statements have been prepared under the historical cost convention except for certain items measured at fair value. Those accounting policies have been applied consistently in all periods, except for those accounting standards that were adopted from January 1, 2019 (see Note 3 below). ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3447": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3447, + "paragraph": "The Consolidated Financial Statements were approved and authorised for issue by the Board of Directors on March 11, 2020.", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3448": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3448, + "paragraph": "2A \u2013 SIGNIFICANT ACCOUNTING POLICIES, JUDGEMENTSAND ESTIMATES This Note describes Shell\u2019s significant accounting policies, which are those relevant to an understanding of the Consolidated Financial Statements. Itincludes the measurement bases used in preparing the Consolidated Financial Statements. It allows an understanding as to how transactions, other events and conditions are reported. It also describes: (a) judgements, apart from those involving estimations, that management makes in applying the policies that have the most significant effect on the amounts recognised in the Consolidated Financial Statements; and (b) estimations, including assumptions about the future, that management makes in applying the policies. The sources of estimation uncertainty that have a significant risk of a material adjustment to the carrying amounts of assets and liabilities within the next financial year are specifically identified as a significant estimate. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3449": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3449, + "paragraph": "The accounting policies applied are consistent with those of the previous financial years except for the adoption as from January 1, 2019 of IFRS 16 Leases (\u201cIFRS 16\u201d), amendments to IAS 19 Employee Benefits (\u201cIAS 19\u201d) and the Annual Improvement Cycle 2015-2017. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3450": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3450, + "paragraph": "Mandatory The impact of the transition to the accounting pronouncements as listed below have an immaterial impact other than for IFRS 16. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3451": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3451, + "paragraph": "IFRS 16 Leases Under IFRS 16, all lease contracts, with limited exceptions, are recognised in the financial statements by way of right-of-use assets and corresponding lease liabilities. Shell applied the modified retrospective transition method, and consequently comparative information is not restated. As a practical expedient, no reassessment was performed of contracts that were previously identified as leases and contracts that were not previously identified as containing a lease applying IAS 17 Leases (\u201cIAS 17\u201d) and IFRIC4 Determining whether an Arrangement contains a Lease. At theadoption date, additional lease liabilities were recognised for leases previously classified as operating leases applying IAS 17 (see Note 3). These lease liabilities were measured at the present value of the remaining lease payments and discounted using entity-specific incremental borrowing rates at January 1, 2019. In general, a corresponding right-of-use asset was recognised for an amount equal to each lease liability, adjusted bythe amount of any prepaid or accrued lease paymentrelating to thespecific lease contract, as recognised on the balance sheet at December 31, 2018. Provisions for onerous lease contracts at December31, 2018 were adjusted to the respective right-of-use assetsrecognised at January 1, 2019. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3452": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3452, + "paragraph": "The adoption of the new standard had an accumulated impact of $4million on equity following the recognition of lease liabilities of $16.0billion and additional right-of-use assets of $15.6 billion and reclassifications mainly related to pre-paid leases and onerous contractspreviously recognised (see Note 3). ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3453": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3453, + "paragraph": "IAS 19 Employee Benefits IAS 19 specifies how a company accounts for a defined benefit plan. When a plan event (i.e., a plan amendment, curtailment or settlement) occurs, IAS 19 requires a company to update its assumptions and remeasure its net defined benefit liability or asset. The IAS 19 amendments that are adopted clarify that after a plan event, entities would use these updated assumptions to measure current service cost and net interest for the remainder of the reporting period after the plan event. These amendments had no impact on Shell. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3454": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3454, + "paragraph": "Annual Improvement Cycle 2015-2017 The Annual Improvements to IFRS Standards 2015-2017 Cycle includes minor amendments affecting IFRS 3 Business combinations, IFRS 11 Joint arrangements, IAS 12 Income taxes, and IAS 23 Borrowing costs. None of the amendments had a material impact on Shell. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3455": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3455, + "paragraph": "IFRIC 23 Uncertainty over income tax treatments (\u201cIFRIC 23\u201d) IFRIC 23 clarifies the recognition and measurement for income tax when itis unclear whether a taxation authority will accept the tax treatment claimed. An uncertain tax position arises where there is more than one possible interpretation of how tax regulations apply to a given transaction or event. The interpretation requires the Company to determine whether uncertain tax treatments are assessed separately or as a group. The interpretation also requires an assumption that a taxation authority has full knowledge of all relevant information. Where it is not probable that a taxation authority will accept an uncertain tax treatment, it requires the Company to reflect the effect of the uncertainty in the accounting tax position. Finally, reassessment should be performed on a yearly basis in the event of changes in facts and circumstances. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3456": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3456, + "paragraph": "Based on the assessment performed, this interpretation had no material impact on Shell\u2019s uncertain income tax accounting positions recognised. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3457": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3457, + "paragraph": "NATURE OF THE CONSOLIDATED FINANCIAL STATEMENTS The Consolidated Financial Statements are presented in US dollars (dollars) and comprise the financial statements of the Company and its subsidiaries, being those entities over which the Company has control, either directly or indirectly, through exposure or rights to their variable returns and the ability to affect those returns through its power over theentities. Information about subsidiaries at December 31, 2019, canbefound in \u2018Appendix 1: Significant Subsidiaries and Other RelatedUndertakings\u2019.", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3458": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3458, + "paragraph": "Subsidiaries are consolidated from the date on which control is obtained until the date that such control ceases, using consistent accounting policies. All inter-company balances and transactions, including unrealised profits arising from such transactions, are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Non-controlling interest represents the proportion of income, other comprehensive income and net assets in subsidiaries that is not attributable to the Company\u2019s shareholders. ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3459": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3459, + "paragraph": "CURRENCY TRANSLATION Foreign currency transactions are translated using the exchange rate at the dates of the transactions or valuation where items are re-measured. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at quarter-end exchange rates of monetary assets and liabilities denominated in foreign currencies (including those in respect of inter-company balances, unless related to loans of a long-term investment nature) are recognised in income. This is ", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + }, + "3460": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3460, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 198, + "start_index_page": 3444, + "last_index_page": 3460 + } + }, + "199": { + "3461": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3461, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3462": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3462, + "paragraph": "2A \u2013 SIGNIFICANT ACCOUNTING POLICIES, JUDGEMENTSAND ESTIMATES continued except when recognised in other comprehensive income in respect of cash flow or net investment hedges, and presented within interest and other income or within purchases where not related to financing. Share capital issued in currencies other than the dollar is translated at the exchange rateat the date of issue. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3463": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3463, + "paragraph": "On consolidation, assets and liabilities of non-dollar entities are translated to dollars at year-end rates of exchange, while their statements of income, other comprehensive income and cash flows are translated at quarterly average rates. The resulting translation differences are recognised as currency translation differences within other comprehensive income. Uponsale of all or part of an interest in, or upon liquidation of, an entity, the appropriate portion of cumulative currency translation differences related to that entity are generally recognised in income. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3464": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3464, + "paragraph": "REVENUE RECOGNITION (from January 1, 2018) Revenue from sales of oil, natural gas, chemicals and other products is recognised at the transaction price to which Shell expects to be entitled, after deducting sales taxes, excise duties and similar levies. For contracts that contain separate performance obligations, the transaction price is allocated to those separate performance obligations by reference to their relative standalone selling prices. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3465": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3465, + "paragraph": "Revenue is recognised when control of the products has been transferred to the customer. For sales by Integrated Gas and Upstream operations, this generally occurs when the product is physically transferred into a vessel, pipe or other delivery mechanism; for sales by refining operations, it is either when the product is placed onboard a vessel or offloaded from the vessel, depending on the contractually agreed terms; and for sales of oil products and chemicals, it is either at the point of delivery or the point of receipt, depending on contractual conditions. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3466": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3466, + "paragraph": "Revenue resulting from hydrocarbon production from properties in which Shell has an interest with partners in joint arrangements is recognised on the basis of Shell\u2019s volumes lifted and sold. Revenue resulting from the production of oil and natural gas under production-sharing contracts (\u201cPSCs\u201d) is recognised for those amounts relating to Shell\u2019s cost recoveries and Shell\u2019s share of the remaining production. Gains and losses on derivative contracts and the revenue and costs associated with other contracts that are classified as held primarily for the purpose of being traded are reported on a net basis in the Consolidated Statement of Income. Purchases and sales of hydrocarbons under exchange contracts that are necessary to obtain or reposition feedstocks for refinery operations are presented net in the Consolidated Statement of Income. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3467": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3467, + "paragraph": "Revenue resulting from arrangements that are not considered contracts with customers is presented as revenue from other sources. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3468": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3468, + "paragraph": "REVENUE RECOGNITION (prior to January 1, 2018) Revenue from sales of oil, natural gas, chemicals and other products is recognised at the fair value of consideration received or receivable, after deducting sales taxes, excise duties and similar levies, when the significant risks and rewards of ownership have been transferred, which is when title passes to the customer. For sales by Integrated Gas and Upstream operations, this generally occurs when product is physically transferred into a vessel, pipe or other delivery mechanism; for sales by refining operations, it is either when product is placed onboard a vessel or offloaded from the vessel, depending on the contractually agreed terms; and for sales of oil products and chemicals, it is either at the point of delivery or the point of receipt, depending on contractual conditions. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3469": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3469, + "paragraph": "Revenue resulting from hydrocarbon production from properties in which Shell has an interest with partners in joint arrangements is recognised on the basis of Shell\u2019s working interest (entitlement method). Revenue resulting from the production of oil and natural gas under PSCs is recognised for those amounts relating to Shell\u2019s cost recoveries and Shell\u2019s share of the remaining production. Gains and losses on derivative contracts and the revenue and costs associated with other contracts that are classified as held for trading purposes are reported on a net basis in the Consolidated Statement of Income. Purchases and sales of hydrocarbons under exchange contracts that are necessary to obtain or reposition feedstocks for refinery operations are presented net in the Consolidated Statement ofIncome. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3470": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3470, + "paragraph": "RESEARCH AND DEVELOPMENT Development costs that are expected to generate probable future economic benefits are capitalised as intangible assets. All other research and development expenditure is recognised in income as incurred. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3471": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3471, + "paragraph": "EXPLORATION COSTS Hydrocarbon exploration costs are accounted for under the successful efforts method: exploration costs are recognised in income when incurred,except that exploratory drilling costs, including in respect of therecapitalisation of depreciation, are included in property, plant and equipment pending determination of proved reserves. Exploration costs capitalised in respect of exploration wells that are more than 12 months old are written off unless: (a)proved reserves are booked; or (b)(i)they have found commercially producible quantities of reserves and (ii)they are subject to further exploration or appraisal activity in that either drillingof additional exploratory wells is under way or firmly planned forthe near future or other activities are being undertaken to sufficiently progress the assessing of reserves and the economic and operating viability of the project. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3472": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3472, + "paragraph": "PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLEASSETS Recognition Property, plant and equipment comprise assets owned by Shell, assets held by Shell under lease contracts, and assets operated by Shell as contractor in PSCs. They include rights and concessions in respect of properties with proved reserves (\u201cproved properties\u201d) and with no proved reserves (\u201cunproved properties\u201d). Property, plant and equipment, including expenditure on major inspections, and intangible assets are initially recognised in the Consolidated Balance Sheet at cost where it is probablethat they will generate future economic benefits. This includes capitalisation of decommissioning and restoration costs associated with provisions for asset retirement (see \u2018Provisions\u2019), certain development costs (see \u2018Research and development\u2019) and the effects of associated cash flow hedges (see \u2018Financial instruments (from January 1, 2018)\u2019) as applicable. The accounting for exploration costs is described separately (see \u2018Exploration costs\u2019). Intangible assets include goodwill, liquefied natural gas (\u201cLNG\u201d) off-take and sales contracts obtained through acquisition, software costs and trademarks. Interest is capitalised as an increase inproperty, plant and equipment, on major capital projects duringconstruction. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3473": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3473, + "paragraph": "Property, plant and equipment and intangible assets are subsequently carried at cost less accumulated depreciation, depletion and amortisation (including any impairment). Gains and losses on sale are determined by comparing the proceeds with the carrying amounts of assets sold and arerecognised in income, within interest and other income. ", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + }, + "3474": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3474, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 199, + "start_index_page": 3461, + "last_index_page": 3474 + } + }, + "200": { + "3475": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3475, + "paragraph": "An asset is classified as held for sale if its carrying amount will be recovered principally through sale rather than through continuing use, which is when the sale is highly probable, and it is available for immediate sale. Assets classified as held for sale are measured at the lower of the carrying amount upon classification and the fair value less costs to sell. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3476": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3476, + "paragraph": "Depreciation, depletion and amortisation Property, plant and equipment related to hydrocarbon production activities are in principle depreciated on a unit-of-production basis over the proved developed reserves of the field concerned, other than assets whose useful lives differ from the lifetime of the field which are depreciated applying the straight-line method. However, for certain Upstream assets, the use for this purpose of proved developed reserves, which are determined using the SEC-mandated yearly average oil and gas prices, would result in depreciation charges for these assets which do not reflect the pattern in which their future economic benefits are expected to be consumed as, for example, it may result in assets with long-term expected lives being depreciated in full within one year. Therefore, in these instances, other approaches are applied to determine the reserves base for the purpose of calculating depreciation, such as using management\u2019s expectations of future oil and gas prices rather than yearly average prices, to provide a phasing of periodic depreciation charges that more appropriately reflects the expected utilisation of the assets concerned. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3477": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3477, + "paragraph": "Rights and concessions in respect of proved properties are depleted on the unit-of-production basis over the total proved reserves of the relevant area. Where individually insignificant, unproved properties may be grouped and depreciated based on factors such as the average concession term and past experience of recognising proved reserves. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3478": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3478, + "paragraph": "Property, plant and equipment held under leases contracts and capitalised LNG off-take and sales contracts are depreciated or amortised over the term of the respective contract. Other property, plant and equipment and intangible assets are depreciated or amortised on a straight-line basis over their estimated useful lives, except for goodwill, which is not amortised. They include refineries and chemical plants (for which the useful life is generally 20 years), retail service stations (15 years), upgraders (30 years) and major inspection costs, which are depreciated over the estimated period before the next planned major inspection (three to five years). ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3479": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3479, + "paragraph": "On classification of an asset as held for sale, depreciation ceases. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3480": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3480, + "paragraph": "Estimates of the useful lives and residual values of property, plant and equipment and intangible assets are reviewed annually and adjusted if appropriate. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3481": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3481, + "paragraph": "Impairment The carrying amount of goodwill is tested for impairment annually; in addition, assets other than unproved properties (see \u2018Exploration costs\u2019) are tested for impairment whenever events or changes in circumstances indicate that the carrying amounts for those assets may not be recoverable. On classification as held for sale, the carrying amounts of property, plant and equipment and intangible assets are also reviewed. If assets are determined to be impaired, the carrying amounts of those assets are written down to their recoverable amount, which is the higher of fair value less costs to sell (see \u2018Fair value measurements\u2019) and value in use. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3482": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3482, + "paragraph": "Value in use is determined as the amount of estimated risk-adjusted discounted future cash flows. For this purpose, assets are grouped into cash-generating units based on separately identifiable and largely independent cash inflows. Estimates of future cash flows used in the evaluation of impairment of assets are made using management\u2019s forecasts of commodity prices, market supply and demand, potential costs associated with operational GHG emissions, and forecast product and refining margins. In addition, management takes into consideration the expected useful lives of the refineries, and exploration and production assets, and expected production volumes. The latter takes into account assessments of field and reservoir performance and includes expectations about both proved reserves and volumes that are expected to constitute proved reserves in the future (unproved volumes), which are risk-weighted utilising geological, production, recovery and economic projections. Cash flow estimates are risk-adjusted to reflect local conditions as appropriate and discounted at a rate based on Shell\u2019s marginal cost of debt. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3483": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3483, + "paragraph": "Impairments, except those related to goodwill, are reversed as applicable to the extent that the events or circumstances that triggered the original impairment have changed. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3484": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3484, + "paragraph": "Impairment losses and reversals are reported within depreciation, depletion and amortisation. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3485": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3485, + "paragraph": "Judgements and estimates Proved oil and gas reserves Unit-of-production depreciation, depletion and amortisation charges areprincipally measured based on management\u2019s estimates of proved developed oil and gas reserves. Also, exploration drilling costs are capitalised pending the results of further exploration or appraisal activity,which may take several years to complete and before any relatedproved reserves can be booked. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3486": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3486, + "paragraph": "Proved reserves are estimated by a central group of reserves experts. The estimated proved reserves are made by reference to available geological and engineering data and only include volumes for which access to market is assured with reasonable certainty. Yearly average oil and gas prices are applied in the determination of proved reserves. Estimates of proved reserves are inherently imprecise, require the application of judgement and are subject to regular revision, either upward or downward, based on new information such as from the drilling of additional wells, observation of long-term reservoir performance under producing conditions and changes in economic factors, including product prices, contract terms, legislation or development plans. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3487": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3487, + "paragraph": "Changes to estimates of proved developed reserves affect prospectively the amounts of depreciation, depletion and amortisation charged and, consequently, the carrying amounts of exploration and production assets. It is expected, however, that in the normal course of business the diversity of the asset portfolio will limit the effect of such revisions. The outcome of, or assessment of plans for, exploration or appraisal activity may result in the related capitalised exploration drilling costs being recognised in income in that period. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3488": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3488, + "paragraph": "Judgement is involved in determining when to use an alternative reserves base in order to appropriately reflect the expected utilisation of the assets concerned (see \u2018Depreciation, depletion and amortisation\u2019). ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3489": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3489, + "paragraph": "Information about the carrying amounts of exploration and production assets and the amounts charged to income, including depreciation, depletion and amortisation and the quantitative impact of the use of an alternative reserve base, is presented in Note 8. ", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + }, + "3490": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3490, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 200, + "start_index_page": 3475, + "last_index_page": 3490 + } + }, + "201": { + "3491": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3491, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3492": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3492, + "paragraph": "LEASES (from January 1, 2019) A contract or parts of contracts, that conveys the right to control the use ofan identified asset for a period of time in exchange for payments to be made to the owners (lessors) are accounted for as leases. Contracts are assessed to determine whether a contract is, or contains, a lease at the inception of a contract or when the terms and conditions of a contract are significantly changed. The lease term is the non-cancellable period of a lease, together with contractual options to extend or to terminate the lease early, where it is reasonably certain that an extension option willbeexercised or a termination option will not be exercised. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3493": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3493, + "paragraph": "At the commencement of a lease contract, a right-of-use asset and a corresponding lease liability are recognised, unless the lease term is 12months or less. The commencement date of a lease is the date the underlying asset is made available for use. The lease liability is measured at an amount equal to the present value of the lease payments during the lease term that are not paid at that date. The lease liability includes contingent rentals and variable lease payments that depend on an index, rate, or where they are fixed payments in substance. The lease liability is remeasured when the contractual cash flows of variable lease payments change due to a change in an index or rate when the lease term changes following a reassessment. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3494": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3494, + "paragraph": "Lease payments are discounted using the interest rate implicit in the lease. If that rate is not readily available, the incremental borrowing rate is applied. The incremental borrowing rate reflects the rate of interest that the lessee would have to pay to borrow over a similar term, with a similar security, the funds necessary to obtain an asset of a similar nature and value to the right-of-use asset in a similar economic environment. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3495": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3495, + "paragraph": "In general, a corresponding right-of-use asset is recognised for an amount equal to each lease liability, adjusted by the amount of any pre-paid lease payment relating to the specific lease contract. The depreciation on right-of-use assets is recognised in income unless capitalised as exploration drilling cost (see \u2018Exploration cost\u2019) or capitalised when the right-of-use asset is used to construct another asset. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3496": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3496, + "paragraph": "Where Shell is the lessor in a lease arrangement at inception, the lease arrangement will be classified as a finance lease or an operating lease. Classification is based on the extent to which the risks and rewards incidental to ownership of the underlying asset lie with the lessor or thelessee. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3497": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3497, + "paragraph": "Where Shell, usually in its capacity as operator, has entered into a lease contract on behalf of a joint arrangement, a lease liability is recognised tothe extent that Shell has primary responsibility for the lease liability. Afinance sub-lease is subsequently recognised if the related right-of-use asset is subleased to the joint arrangement. This is usually the case when the joint arrangement has the right to direct the use of the asset. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3498": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3498, + "paragraph": "2A \u2013 SIGNIFICANT ACCOUNTING POLICIES, JUDGEMENTSAND ESTIMATES continued", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3499": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3499, + "paragraph": "Judgements and estimates continued Impairment For the purposes of determining whether impairment of assets has occurred, and the extent of any impairment loss or its reversal, the key assumptions management uses in estimating risk-adjusted future cash flows for value-in-use measures are future oil and gas prices, potential costs associated with operational GHG emissions, expected production volumes and refining margins appropriate to the local circumstances and environment. These assumptions and the judgements of management that are based on them are subject to change as new information becomes available. Changes in economic conditions can affect the rate used to discount future cash flow estimates or the risk-adjustment in the future cashflows. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3500": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3500, + "paragraph": "Estimation is involved with respect to the expected life of refineries and chemicals sites, and also including management\u2019s view on the future development of refining margins. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3501": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3501, + "paragraph": "The determination of cash-generating units requires judgement. Changes in this determination could impact the calculation of value in use and therefore the conclusion on the recoverability of assets\u2019 carrying amounts when performing an impairment test. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3502": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3502, + "paragraph": "Judgement, which is subject to change as new information becomes available, can be required in determining when an asset is classified as held for sale. Achange in that judgement could result in impairment charges affecting income, depending on whether classification requires a write down of the asset to its fair value less costs to sell. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3503": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3503, + "paragraph": "Significant estimates Future commodity price assumptions, presented in Note 8, tend to be stable because management does not consider short-term increases or decreases in prices as being indicative of long-term levels, but they are nonetheless subject to change. Expected production volumes, which comprise proved reserves and unproved volumes, are used for impairment testing because management believes this to be the most appropriate indicator of expected future cash flows. As discussed in \u2018Proved oil and gas reserves\u2019 above, reserves estimates are inherently imprecise. Furthermore, projections about unproved volumes are based on information that is necessarily less robust than that available for mature reservoirs. Due to the nature andgeographical spread of the business activity in which those assets are used, it is typically not practicable to estimate the likelihood or extentof impairments under different sets of assumptions for Shell overall. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3504": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3504, + "paragraph": "Changes in assumptions could affect the carrying amounts of assets, andany impairment losses and reversals will affect income. ", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3505": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3505, + "paragraph": "Forecast refining margins are a key input for impairment testing in Downstream. Management\u2019s estimate of longer-term refining margins isbased on the mean reversion of markets, unless a fundamental shift inmarkets has been identified, over the life of the refineries. Under this approach, that is consistently applied, it is assumed that refining margins will revert to historical averages over time.", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3506": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3506, + "paragraph": "Changes in assumptions could affect the carrying amounts of assets andestimation of environmental provisions. Any impairment losses andreversals will affect income.", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3507": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3507, + "paragraph": "Information about the carrying amounts of assets and impairments is presented in Notes 7 and 8.", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + }, + "3508": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3508, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 201, + "start_index_page": 3491, + "last_index_page": 3508 + } + }, + "202": { + "3509": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3509, + "paragraph": "Impairment of the right-of-use asset Right-of-use assets are subject to existing impairment requirements assetout in \u2018Property, plant and equipment\u2019 (see Note 8). ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3510": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3510, + "paragraph": "Judgements and estimates A lease term includes optional lease periods where it is reasonably certain to exercise the option to extend or not to exercise the option to terminate the lease. Determination of the lease term is subject to judgement and has an impact on the measurement of the lease liability and related right-of-use asset. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3511": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3511, + "paragraph": "Where the rate implicit in the lease is not readily available, an incremental borrowing rate is applied. This incremental borrowing rate reflects the rate of interest that the lessee would have to pay to borrow over a similar term, with a similar security, the funds necessary to obtain an asset of a similar nature and value to the right-of-use asset in a similar economic environment. Determination of the incremental borrowing rate requires estimation. The incremental borrowing rate is determined using the risk-free rate over a matched term, adjusted for factors such asthe creditrating of the lessee and the borrowing currency. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3512": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3512, + "paragraph": "Significant estimate The operating leases that were recognised on the balance sheet following the adoption of IFRS 16 (see Note 3) were measured applying an incremental borrowing rate at transition date to the future payments under these lease contracts. To determine the incremental borrowing rate for each lease contract, a risk-free rate at transition date was applied, adjusted for other factors such as the credit rating of the entity that entered into the lease contract, a country risk premium, the impact of currency, anasset specific element and the term of the lease contract. Allfactors are subject to estimation. If a higher or lower incremental borrowing rate had been applied, the lease liability andcorresponding right-of-use asset would respectively have beenlower or higher. The incremental borrowing rate will not be revised each period and will not result in a material adjustment to thecarrying amount of lease liability and right-of-use asset in the futureyears.", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3513": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3513, + "paragraph": "LEASES (prior to January 1, 2019) Agreements under which payments are made to owners in return for the right to use an asset for a period are accounted for as leases. Leases that transfer substantially all the risks and rewards of ownership are recognised at the commencement of the lease term as finance leases within property, plant and equipment and debt at the fair value of the leased asset or, if lower, at the present value of the minimum lease payments. Finance lease payments are apportioned between interest expense and repayments of debt. All other leases are classified as operating leases and the cost is recognised in income on a straight-line basis, except where capitalised asexploration drilling costs (see \u2018Exploration costs\u2019). ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3514": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3514, + "paragraph": "JOINT ARRANGEMENTS AND ASSOCIATES Arrangements under which Shell has contractually agreed to share control (see \u2018Nature of the Consolidated Financial Statements\u2019 for the definition of control) with another party or parties are joint ventures where the parties have rights to the net assets of the arrangement, or joint operations where the parties have rights to the assets and obligations for the liabilities relating to the arrangement. Investments in entities over which Shell has the right to exercise significant influence but neither control nor joint control are classified as associates. Information about incorporated joint arrangements and associates at December31, 2019, can be found in \u2018Appendix 1: Significant Subsidiaries and Other Related Undertakings\u2019. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3515": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3515, + "paragraph": "Investments in joint ventures and associates are accounted for using the equity method, under which the investment is initially recognised at cost and subsequently adjusted for the Shell share of post-acquisition income less dividends received and the Shell share of other comprehensive income and other movements in equity, together with any loans of a long-term investment nature. Where necessary, adjustments are made tothe financial statements of joint ventures and associates to bring the accounting policies used into line with those of Shell. In an exchange of assets and liabilities for an interest in a joint venture, the non-Shell share of any excess of the fair value of the assets and liabilities transferred over the pre-exchange carrying amounts is recognised in income. Unrealised gains on other transactions between Shell and its joint ventures and associates are eliminated to the extent of Shell\u2019s interest in them; unrealised losses are treated similarly but may also result in an assessment of whether the asset transferred is impaired. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3516": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3516, + "paragraph": "Shell recognises its assets and liabilities relating to its interests in joint operations, including its share of assets held jointly and liabilities incurred jointly with other partners. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3517": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3517, + "paragraph": "INVENTORIES Inventories are stated at cost or net realisable value, whichever is lower. Cost comprises direct purchase costs (including transportation), and associated costs incurred in bringing inventories to their present condition and location, and is determined using the first-in, first-out (\u201cFIFO\u201d) method for oil, gas and chemicals and by the weighted average cost method for materials. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3518": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3518, + "paragraph": "TAXATION The charge for current tax is calculated based on the income reported by the Company and its subsidiaries, as adjusted for items that are non- taxable or disallowed and using rates that have been enacted or substantively enacted by the balance sheet date. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3519": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3519, + "paragraph": "Deferred tax is determined, using the liability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Consolidated Balance Sheet and on unused tax losses and credits carried forward. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3520": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3520, + "paragraph": "Deferred tax assets and liabilities are calculated using the enacted or substantively enacted rates that are expected to apply when an asset is realised or a liability is settled. They are not recognised where they arise on the initial recognition of goodwill or of an asset or liability in a transaction (other than in a business combination) that, at the time of the transaction, affects neither accounting nor taxable profit, or in respect of taxable temporary differences associated with subsidiaries, joint ventures and associates where the reversal of the respective temporary difference can be controlled by Shell and it is probable that it will not reverse in the foreseeable future. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3521": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3521, + "paragraph": "Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences, unused tax losses and credits carried forward canbe utilised. ", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3522": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3522, + "paragraph": "Income tax receivables and payables as well as deferred tax assets and liabilities include provisions for uncertain income tax positions/treatments.", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + }, + "3523": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3523, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 202, + "start_index_page": 3509, + "last_index_page": 3523 + } + }, + "203": { + "3524": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3524, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3525": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3525, + "paragraph": "2A \u2013 SIGNIFICANT ACCOUNTING POLICIES, JUDGEMENTSAND ESTIMATES continued Income taxes are recognised in income except when they relate to itemsrecognised in other comprehensive income, in which case the tax isrecognised in other comprehensive income. Income tax assets and liabilities are presented separately in the Consolidated Balance Sheet except where there is a right of offset within fiscal jurisdictions and an intention to settle such balances on a net basis. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3526": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3526, + "paragraph": "Judgements and estimates Tax liabilities are recognised when it is considered probable that there will be a future outflow of funds to a taxing authority. In such cases, provision is made for the amount that is expected to be settled, where this can be reasonably estimated. Provisions for uncertain income tax positions/treatments are measured at the most likely amount or the expected value, whichever method is more appropriate. Generally, uncertain tax treatments are assessed on an individual basis, except where they are expected to be settled collectively. It is assumed that taxing authorities will examine positions taken if they have the right to do so and that they have full knowledge of the relevant information. A change in estimate of the likelihood of a future outflow and/or in the expected amount to be settled would be recognised in income in the period in which the change occurs. This requires the application of judgement as to the ultimate outcome, which can change over time depending on facts and circumstances. Judgements mainly relate to transfer pricing, including inter-company financing, interpretation of PSCs, expenditure deductible for tax purposes and taxation arising ondisposal. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3527": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3527, + "paragraph": "Deferred tax assets are recognised only to the extent it is considered probable that those assets will be recoverable. This involves an assessment of when those assets are likely to reverse, and a judgement as to whether or not there will be sufficient taxable profits available tooffset the assets when they do reverse. This requires assumptions regarding future profitability and is therefore inherently uncertain. To the extent assumptions regarding future profitability change, there can be an increase or decrease in the amounts recognised in respect of deferred taxassets as well as in the amounts recognised in income inthe period inwhich the change occurs. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3528": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3528, + "paragraph": "Taxation information, including charges and deferred tax assets andliabilities, is presented in Note 16. Income taxes include taxes athigher rates levied on income from certain Integrated Gas and Upstream activities. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3529": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3529, + "paragraph": "RETIREMENT BENEFITS Benefits in the form of retirement pensions and healthcare and life insurance are provided to certain employees and retirees under defined benefit and defined contribution plans. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3530": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3530, + "paragraph": "Obligations under defined benefit plans are calculated annually by independent actuaries using the projected unit credit method, which takes into account employees\u2019 years of service and, for pensions, average or final pensionable remuneration, and are discounted to their present value using interest rates of high-quality corporate bonds denominated in the currency in which the benefits will be paid and of a duration consistent with the plan obligations. Where plans are funded, payments are made to independently managed trusts; assets held by those trusts are measured at fair value. Defined benefit plan surpluses are recognised as assets to the extent that they are considered recoverable, which is generally by way of a refund or lower future employer contributions. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3531": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3531, + "paragraph": "The amounts recognised in income in respect of defined benefit plans mainly comprise service cost and net interest. Service cost comprises principally the increase in the present value of the obligation for benefits resulting from employee service during the period (current service cost) and also amounts relating to past service and settlements or amendments of plans. Plan amendments are changes to benefits and are generally recognised when all legal and regulatory approvals have been received and the effects have been communicated to members. Net interest is calculated using the net defined benefit liability or asset matched against the discount rate yield curve at the beginning of each year for each plan. Remeasurements of the net defined benefit liability or asset resulting fromactuarial gains and losses, and the return on plan assets excluding the amount recognised in income, are recognised in other comprehensiveincome. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3532": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3532, + "paragraph": "For defined contribution plans, pension expense represents the amount ofemployer contributions payable for the period. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3533": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3533, + "paragraph": "Significant judgements and estimates Defined benefit obligations and plan assets, and the resulting liabilities and assets that are recognised, are subject to significant volatility as actuarial assumptions regarding future outcomes and market values change. Substantial judgement is required in determining the actuarial assumptions, which vary for the different plans to reflect local conditions but are determined under a common process in consultation with independent actuaries. The assumptions applied in respect of each plan are reviewed annually and adjusted where necessary to reflect changes in experience and actuarial recommendations. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3534": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3534, + "paragraph": "Information about the amounts reported in respect of defined benefit pension plans, assumptions applicable to the principal plans and their sensitivity to changes are presented in Note 17. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3535": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3535, + "paragraph": "PROVISIONS Provisions are recognised at the balance sheet date at management\u2019s bestestimate of the expenditure required to settle the present obligation. Non-current amounts are discounted at a rate intended to reflect the time value of money. The carrying amounts of provisions are regularly reviewed and adjusted for new facts or changes in law or technology. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3536": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3536, + "paragraph": "Provisions for decommissioning and restoration costs, which arise principally in connection with hydrocarbon production facilities and pipelines, are measured on the basis of current requirements, technology and price levels; the present value is calculated using amounts discounted over the useful economic life of the assets. The liability is recognised (together with a corresponding amount as part of the related property, plant and equipment) once an obligation crystallises in the period when areasonable estimate can be made. The effects of changes resulting fromrevisions to the timing or the amount of the original estimate of the provision are reflected on a prospective basis, generally by adjustment tothe carrying amount of the related property, plant and equipment. However, where there is no related asset, or the change reduces the carrying amount to nil, the effect, or the amount in excess of the reductionin the related asset to nil, is recognised in income. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3537": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3537, + "paragraph": "Redundancy provisions are recognised when a detailed formal plan identifies the business or part of the business concerned, the location and number of employees affected, a detailed estimate of the associated costs and an appropriate timeline, and the employees affected have been notified of the plan\u2019s main features. ", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + }, + "3538": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3538, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 203, + "start_index_page": 3524, + "last_index_page": 3538 + } + }, + "204": { + "3539": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3539, + "paragraph": "Other provisions are recognised in income in the period in which an obligation arises and the amount can be reasonably estimated. Provisions are measured based on current legal requirements and existing technology where applicable. Recognition of any joint and several liability is based on management\u2019s best estimate of the final pro rata share of the liability. Provisions are determined independently of expected insurance recoveries. Recoveries are recognised when virtually certain of realisation. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3540": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3540, + "paragraph": "Significant estimates Estimates of provisions for future decommissioning and restoration costs are recognised and based on current legal and constructive requirements, technology and price levels. Because actual outflows can differ from estimates due to changes in laws, regulations, public expectations, technology, prices and conditions, and can take place many years in the future, the carrying amounts of provisions are regularly reviewed and adjusted to take account of such changes. Thediscount rate applied is reviewed annually. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3541": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3541, + "paragraph": "Information about decommissioning and restoration provisions is presented in Note 18.", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3542": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3542, + "paragraph": "FINANCIAL INSTRUMENTS (from January 1, 2018) Financial assets and liabilities are presented separately in the Consolidated Balance Sheet except where there is a legally enforceable right of offset and Shell has the intention to settle on a net basis or realise the asset and settle the liability simultaneously. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3543": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3543, + "paragraph": "Financial Assets Financial assets are classified at initial recognition and subsequently measured at amortised cost, fair value through other comprehensive income or fair value through profit or loss. The classification of financial assets is determined by the contractual cash flows and where applicable the business model for managing the financial assets. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3544": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3544, + "paragraph": "A financial asset is measured at amortised cost, if the objective of the business model is to hold the financial asset in order to collect contractual cash flows and the contractual terms give rise to cash flows that are solely payments of principal and interest. It is initially recognised at fair value plus or minus transaction costs that are directly attributable to the acquisition or issue of the financial asset. Subsequently the financial asset is measured using the effective interest method less any impairment. Gains and losses are recognised in profit or loss when the asset is derecognised, modified or impaired. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3545": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3545, + "paragraph": "All equity instruments and other debt instruments are recognised at fair value. For equity instruments, on initial recognition, an irrevocable election (on an instrument-by-instrument basis) can be made to designate these as at fair value through other comprehensive income instead of fair value through profit and loss. Dividends received on equity instruments are recognised as other income in profit or loss when the right of payment hasbeen established, except when Shell benefits from such proceeds asarecovery of part of the cost of the financial asset, in which case, suchgainsare recorded in other comprehensive income. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3546": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3546, + "paragraph": "Investments in securities Investments in securities (\u201csecurities\u201d) comprise equity and debt securities. Equity securities are carried at fair value. Generally, unrealised holding gains and losses are recognised in other comprehensive income. On sale, net gains and losses previously accumulated in other comprehensive income are transferred to retained earnings. Debt securities are generally carried at fair value with unrealised holding gains and losses recognised in other comprehensive income. On sale, net gains and losses previously accumulated in other comprehensive income are recognised in income. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3547": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3547, + "paragraph": "Impairment of financial assets The expected credit loss model is applied for recognition and measurement of impairments in financial assets measured at amortised cost or at fair value through other comprehensive income. The expected credit loss model is also applied for financial guarantee contracts to which IFRS 9 applies and are not accounted for at fair value through profit or loss. The loss allowance for the financial asset is measured at an amount equal to the 12-month expected credit losses. If the credit risk onthe financial asset has increased significantly since initial recognition, the loss allowance for the financial asset is measured at an amount equalto the lifetime expected credit losses. Changes in loss allowances are recognised in profit and loss. For trade receivables, a simplified impairment approach is applied recognising expected lifetime losses frominitial recognition. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3548": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3548, + "paragraph": "Financial Liabilities Financial liabilities are measured at amortised cost, unless they are required to be measured at fair value through profit or loss, such as instruments held for trading, or Shell has opted to measure them at fair value through profit or loss. Debt and trade payables are recognised initially at fair value based on amounts exchanged, net of transaction costs, and subsequently at amortised cost except for fixed rate debt subject to fair value hedging which is remeasured for the hedged risk (see below). Interest expense on debt is accounted for using the effective interest method, and other than interest capitalised, is recognised in income. For financial liabilities that are measured under the fair value option, the change in the fair value related to own credit risk is recognised in other comprehensive income. The remaining fair value change is recognised to fair value through profit and loss. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3549": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3549, + "paragraph": "Derivative contracts and hedges Derivative contracts are used in the management of interest rate risk, foreign exchange risk, commodity price risk, and foreign currency cash balances. Derivatives that are not closely related to the host contract in terms of economic characteristics and risks of which the host contract isnot a financial asset, are separated from their host contract and recognised at fair value with the associated gains and losses recognisedinincome. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3550": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3550, + "paragraph": "Certain derivative contracts qualify and are designated either as a \u201cfair value\u201d hedge of the change in fair value of a recognised asset or liability or an unrecognised firm commitment or as a \u201ccash flow\u201d hedge for the change in cash flows to be received or paid relating to a recognised assetor liability or a highly probable forecast transaction. ", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + }, + "3551": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3551, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 204, + "start_index_page": 3539, + "last_index_page": 3551 + } + }, + "205": { + "3552": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3552, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3553": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3553, + "paragraph": "2A \u2013 SIGNIFICANT ACCOUNTING POLICIES, JUDGEMENTSAND ESTIMATES continued A change in the fair value of a fair value hedge is recognised in income, together with the consequential adjustment to the carrying amount of the hedged item. The effective portion of a change in fair value of a derivative contract designated as a cash flow hedge is recognised in other comprehensive income until the hedged transaction occurs; any ineffective portion is recognised in income. Where the hedged item is a non-financial asset or liability, the amount in accumulated other comprehensive income is transferred to the initial carrying amount of the asset or liability (reclassified to the balance sheet); for other hedged items, the amount in accumulated other comprehensive income is reclassified to income when the hedged transaction affects income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3554": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3554, + "paragraph": "The effective portion of a change due to retranslation at quarter-end exchange rates in the carrying amount of debt and the principal amount of derivative contracts used to hedge net investments in foreign operations is recognised in other comprehensive income until the related investment is sold or liquidated; any ineffective portion is recognised in income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3555": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3555, + "paragraph": "All relationships between hedging instruments and hedged items are documented, as well as risk management objectives and strategies forundertaking hedge transactions. The effectiveness of hedges is also continually assessed and hedge accounting is discontinued when there isa change in the risk management strategy. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3556": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3556, + "paragraph": "Unless designated as hedging instruments, contracts to sell or purchase non-financial items that can be settled net as if the contracts were financial instruments and that do not meet expected own use requirements (typically, forward sale and purchase contracts for commodities in trading operations), and contracts that are or contain written options, are recognised at fair value; associated gains and losses are recognised in income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3557": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3557, + "paragraph": "Derivatives that are held primarily for the purpose of trading are presentedas current in the Consolidated Balance Sheet. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3558": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3558, + "paragraph": "FINANCIAL INSTRUMENTS (prior to January 1, 2018) Financial assets and liabilities are presented separately in the Consolidated Balance Sheet except where there is a legally enforceable right of offset and Shell has the intention to settle on a net basis or realise the asset and settle the liability simultaneously. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3559": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3559, + "paragraph": "Financial assets Investments in securities Investments in securities (also referred to as \u201csecurities\u201d) comprise equity and debt securities classified on initial recognition as available-for-sale and are carried at fair value, except where their fair value cannot be measured reliably, in which case they are carried at cost, less any impairment. Unrealised holding gains and losses other than impairments are recognised in other comprehensive income, except for translation differences arising on foreign currency debt securities, which are recognised in income. On maturity or sale, net gains and losses previously deferred in accumulated other comprehensive income are recognised in income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3560": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3560, + "paragraph": "Interest income on debt securities is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3561": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3561, + "paragraph": "Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand, including offsetting bank overdrafts, short-term bank deposits, money market funds, reverse repos and similar instruments that have a maturity of three months or less at the date of purchase. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3562": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3562, + "paragraph": "Trade receivables Trade receivables are recognised initially at fair value based on amounts exchanged and subsequently at amortised cost less any impairment. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3563": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3563, + "paragraph": "Financial liabilities Debt and trade payables are recognised initially at fair value based on amounts exchanged, net of transaction costs, and subsequently at amortised cost except for fixed rate debt subject to fair value hedging which is remeasured for the hedged risk (see below). Interest expense on debt is accounted for using the effective interest method and, other than interest capitalised, is recognised in income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3564": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3564, + "paragraph": "Derivative contracts and hedges Derivative contracts are used in the management of interest rate risk, foreign exchange risk and commodity price risk, and in the management of foreign currency cash balances. These contracts are recognised at fair value. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3565": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3565, + "paragraph": "Certain derivative contracts qualify and are designated either as a \u201cfair value\u201d hedge of the change in fair value of a recognised asset or liability or an unrecognised firm commitment or as a \u201ccash flow\u201d hedge of the change in cash flows to be received or paid relating to a recognised asset or liability or a highly probable forecast transaction. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3566": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3566, + "paragraph": "A change in the fair value of a hedging instrument designated as a fair value hedge is recognised in income, together with the consequential adjustment to the carrying amount of the hedged item. The effective portion of a change in fair value of a derivative contract designated as a cash flow hedge is recognised in other comprehensive income until the hedged transaction occurs; any ineffective portion is recognised in income. Where the hedged item is a non-financial asset or liability, the amount in accumulated other comprehensive income is transferred to the initial carrying amount of the asset or liability (reclassified to the balance sheet); for other hedged items, the amount in accumulated other comprehensive income is reclassified to income when the hedged transaction affects income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3567": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3567, + "paragraph": "The effective portion of a change due to retranslation at quarter-end exchange rates in the carrying amount of debt and the principal amount of derivative contracts used to hedge net investments in foreign operations is recognised in other comprehensive income until the related investment is sold or liquidated; any ineffective portion is recognised in income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3568": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3568, + "paragraph": "All relationships between hedging instruments and hedged items are documented, as well as risk management objectives and strategies for undertaking hedge transactions. The effectiveness of hedges is also continually assessed and hedge accounting is discontinued when a hedge ceases to be highly effective. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3569": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3569, + "paragraph": "Gains and losses on derivative contracts not qualifying and designated as hedges, including forward sale and purchase contracts for commodities in trading operations that may be settled by the physical delivery or receipt of the commodity, are recognised in income. ", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + }, + "3570": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3570, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 205, + "start_index_page": 3552, + "last_index_page": 3570 + } + }, + "206": { + "3571": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3571, + "paragraph": "Unless designated as hedging instruments, contracts to sell or purchase non-financial items that can be settled net as if the contracts were financial instruments and that do not meet expected own use requirements (typically, forward sale and purchase contracts for commodities in trading operations), and contracts that are or contain written options, are recognised at fair value; associated gains and losses are recognised in income. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3572": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3572, + "paragraph": "Derivatives embedded within contracts that are not already required to berecognised at fair value, and that are not closely related to the host contract in terms of economic characteristics and risks, are separated fromtheir host contract and recognised at fair value; associated gains andlosses are recognised in income. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3573": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3573, + "paragraph": "FAIR VALUE MEASUREMENTS Fair value measurements are estimates of the amounts for which assets orliabilities could be transferred at the measurement date, based on theassumption that such transfers take place between participants in principal markets and, where applicable, taking highest and best useintoaccount.", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3574": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3574, + "paragraph": "Judgements and estimates Where available, fair value measurements are derived from prices quoted in active markets for identical assets or liabilities. In the absence of such information, other observable inputs are used to estimate fair value. Inputs derived from external sources are corroborated or otherwise verified, as appropriate. In the absence of publicly available information, fair value is determined using estimation techniques that take into account market perspectives relevant to the asset or liability, in as far as they can reasonably be ascertained, based on predominantly unobservable inputs. For derivative contracts where publicly available information is not available, fair value estimations are generally determined using models and other valuation methods, the key inputs for which include future prices, volatility, pricecorrelation, counterparty credit risk and market liquidity, as appropriate; for other assets and liabilities, fair value estimations aregenerally based on the net present value of expected future cashflows. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3575": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3575, + "paragraph": "SHARE-BASED COMPENSATION PLANS The fair value of share-based compensation expense arising from the Performance Share Plan (\u201cPSP\u201d) and the Long-term Incentive Plan (\u201cLTIP\u201d) \u2013 Shell\u2019s main equity-settled plans \u2013 is estimated using a Monte Carlo option pricing model and is recognised in income from the date of grant over the vesting period with a corresponding increase directly in equity. The model projects and averages the results for a range of potential outcomes for the vesting conditions, the principal assumptions for which are the share price volatility and dividend yields for Shell and four of its main competitors over the last three years and the last 10 years. Prior to the adoption of the IFRS 2 amendments in 2018, changes in the fair value of share-based compensation for cash-settled plans were recognised in income with a corresponding change in liabilities. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3576": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3576, + "paragraph": "SHARES HELD IN TRUST Shares in the Company, which are held by employee share ownership trusts and trust-like entities, are not included in assets but are reflected at cost as a deduction from equity as shares held in trust. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3577": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3577, + "paragraph": "ACQUISITIONS AND SALES OF INTERESTS IN A BUSINESS Assets acquired and liabilities assumed when control is obtained over a business, and when an interest or an additional interest is acquired in a joint operation which is a business, are recognised at their fair value at the date of the acquisition; the amount of the purchase consideration above this value is recognised as goodwill. When control is obtained, any non-controlling interest is recognised as the proportionate share of the identifiable net assets. The acquisition of a non-controlling interest in a subsidiary and the sale of an interest while retaining control are accounted for as transactions within equity. The difference between the purchase consideration or sale proceeds after tax and the relevant proportion of the non-controlling interest, measured by reference to the carrying amount of the interest\u2019s net assets at the date of acquisition or sale, is recognised in retained earnings as a movement in equity attributable to Royal Dutch Shell plc shareholders. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3578": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3578, + "paragraph": "CONSOLIDATED STATEMENT OF INCOME PRESENTATION Purchases reflect all costs related to the acquisition of inventories and the effects of the changes therein, and include associated costs incurred in conversion intofinished or intermediate products. Production and manufacturing expenses are the costs of operating, maintaining and managing productionand manufacturing assets. Selling, distribution and administrative expenses include direct and indirect costs of marketing and selling products. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3579": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3579, + "paragraph": "2B \u2013 CHANGES TO IFRS NOT YET ADOPTED Inter-Bank Offered Rate (\u201cIBOR\u201d) Reform \u2013 Phase 1 Amendments to IFRS 9 Financial Instruments (\u201cIFRS 9\u201d) and IFRS 7 Financial Instruments: Disclosures (\u201cIFRS 7\u201d) were issued in September 2019. The amendments contain a temporary exception from applying specific hedge accounting requirements pre-IBOR reform (Phase 1). Furtheramendments to IFRS standards (Phase 2) are expected to addresspotential financial reporting implications when an existing interestrate benchmark is replaced with an alternative.", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3580": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3580, + "paragraph": "Shell\u2019s fixed rate debt hedged to floating rate will be affected by the market-wide replacement of London Inter-Bank Offered Rate (\u201cLIBOR\u201d) toalternative risk-free reference rates, most significantly by reform of dollarLIBOR.", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3581": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3581, + "paragraph": "The majority of Shell\u2019s debt related interest rate and currency swaps weredesignated in fair value hedge relationships at December 31, 2019. In relation to the required prospective assessment of the existence ofan economic relationship between the hedged items and hedging instruments for these hedge relationships, Shell will apply the temporary exception in IFRS 9 on hedge relationships directly affected bythe IBORreform. Byapplying the exception, Shell anticipates thattheinterest rate benchmark on which the hedged risk is based isnotaltered as aresultofthe IBOR reform. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3582": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3582, + "paragraph": "The notional amount of hedging instruments designated in hedge relationships affected by the reform, at December 31, 2019, was $31,823million. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3583": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3583, + "paragraph": "A Group-wide project is in progress to manage the transition to alternativebenchmark rates. ", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + }, + "3584": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3584, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 206, + "start_index_page": 3571, + "last_index_page": 3584 + } + }, + "207": { + "3585": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3585, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3586": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3586, + "paragraph": "At the transition date, the remaining lease payments were discounted, asrequired under the transition approach chosen, using the incremental borrowing rate as per the transition date of January 1, 2019. To determine the incremental borrowing rate for each lease contract, a risk-free rate at transition date was applied, adjusted for other factors such as the credit rating of the entity that entered into the lease contract, a country risk premium, the impact of currency, an asset specific element and the term the lease contract. The weighted average incremental borrowing rate applied upon transition was 7.2%.", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3587": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3587, + "paragraph": "Compared with the previous accounting for operating leases under IAS 17, the application of the new standard has a significant impact on the classification of expenditures and cash flows. It also impacts the timing of expenses recognised in the statement of income. With effect from 2019, expenses related to leases previously classified as operating leases are presented under \u2018Depreciation, depletion and amortisation\u2019 and \u2018Interest expense\u2019. Before 2019, these were mainly included in \u2018Purchases, Production and manufacturing expenses\u2019, and \u2018Selling, distribution and administrative expenses\u2019. Payments related to leases previously classified as operating leases are presented under \u2018Cash flow from financing activities\u2019 (before 2019 these were included in \u2018Cash flow from operating activities\u2019 and \u2018Cashflow from investing activities\u2019). ", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3588": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3588, + "paragraph": "The adoption of the new standard had an accumulated impact at January 1, 2019 of $4 million on equity following the recognition of lease liabilities of $16.0 billion and additional right-of-use assets of $15.6 billion and reclassifications mainly related to pre-paid leases and onerous contracts previously recognised. ", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3589": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3589, + "paragraph": "The reconciliation of differences between the operating lease commitments disclosed under the prior standard and the additional leaseliabilities recognised on the balance sheet at January 1, 2019 isasfollows: ", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3590": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3590, + "paragraph": "2B \u2013 CHANGES TO IFRS NOT YET ADOPTED continued IFRS 17 Insurance contracts (\u201cIFRS 17\u201d) IFRS 17 was issued in 2017, and is currently envisaged to become effective for annual reporting periods beginning on or after January 1, 2021 (the IASB is presently reviewing the effective date, with a potential extension by one or two years). The IFRS 17 model combines a current balance sheet measurement of insurance contracts with recognition of profit over the period that services are provided. Thegeneral model in the standard requires insurance contract liabilities tobe measured using probability- weighted current estimates of future cash flows, an adjustment for risk, and a contractual service margin representing the profit expected from fulfilling the contracts. Effects of changes in the estimates of future cash flows and the risk adjustment relating to future services are recognised over the period services are provided rather than immediately in profit or loss. Shell is in the process ofevaluating the initial impact of this pronouncement. ", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3591": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3591, + "paragraph": "3\u2013 ADOPTION OF IFRS 16 LEASES IFRS 16 was adopted as from January 1, 2019. All operating lease contracts, with limited exceptions, were recognised on the balance sheet by recognising right-of-use assets and corresponding lease liabilities at the transition date. Shell applied the modified retrospective transition method, and consequently comparative information is not restated. As a practical expedient, no reassessment was performed of contracts that were previously identified as leases and contracts that were not previously identified as containing a lease applying IAS 17 Leases (\u201cIAS 17\u201d) and IFRIC 4 Determining whether an Arrangement contains a Lease. At the adoption date, additional lease liabilities were recognised for leases previously classified as operating leases applying IAS 17. These lease liabilities were measured at the present value of the remaining lease payments and discounted using entity-specific incremental borrowing rates at January 1, 2019. In general, a corresponding right-of-use asset was recognised for an amount equal to each lease liability, adjusted by the amount of any prepaid or accrued lease payments relating to the specific lease contract, as recognised on the balance sheet at December 31, 2018. Provisions for onerous lease contracts at December 31, 2018 were adjusted to the respective right-of-use assets recognised at January 1, 2019. As a practical expedient the recognition exemption for leases with a remaining term of less than 12 months from the adoption date was applied upon adoption.", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3592": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3592, + "paragraph": "Lease liabilities reconciliation", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3593": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3593, + "paragraph": "Undiscounted future minimum lease payments under operating leases at December 31, 2018 Impact of discounting Leases not yet commenced at January 1, 2019 Short-term leases Long-term leases expiring before December 31, 2019 Other reconciling items (net) Additional lease liability at January 1, 2019 Finance lease liability at December 31, 2018 Total lease liability at January 1, 2019", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3594": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3594, + "paragraph": "$ million 24,219 (5,167) (2,586) (277) (192) 40 16,037 14,026 30,063", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + }, + "3595": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3595, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 207, + "start_index_page": 3585, + "last_index_page": 3595 + } + }, + "208": { + "3596": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3596, + "paragraph": "The detailed impact on the balance sheet at January 1, 2019, is as follows:", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3597": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3597, + "paragraph": "Consolidated Balance Sheet", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3598": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3598, + "paragraph": "Assets Non-current assets Intangible assets Property, plant and equipment Joint ventures and associates Investments in securities Deferred tax Retirement benefits Trade and other receivables [A] Derivative financial instruments", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3599": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3599, + "paragraph": "Current assets Inventories Trade and other receivables Derivative financial instruments Cash and cash equivalents", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3600": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3600, + "paragraph": "Total assets Liabilities Non-current liabilities Debt Trade and other payables [B] Derivative financial instruments Deferred tax Retirement benefits Decommissioning and other provisions [C]", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3601": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3601, + "paragraph": "Current liabilities Debt Trade and other payables Derivative financial instruments Taxes payable Retirement benefits Decommissioning and other provisions [C]", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3602": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3602, + "paragraph": "Total liabilities Equity Share capital Shares held in trust Other reserves Retained earnings Equity attributable to Royal Dutch Shell plc shareholders Non-controlling interest Total equity Total liabilities and equity [A] Mainly in respect of pre-paid leases. [B] Mainly related to operating lease contracts that were measured at fair value under IFRS 3 Business Combinations following the acquisition of BG in 2016. [C] Mainly in respect of onerous contracts.", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3603": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3603, + "paragraph": "685 (1,260) 16,615 182,606 198,646 3,888 202,534 399,194", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3604": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3604, + "paragraph": "23,586 223,175 25,329 3,074 12,097 6,051 7,826 574 301,712", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3605": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3605, + "paragraph": "21,117 42,431 7,193 26,741 97,482 399,194", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3606": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3606, + "paragraph": "66,690 2,735 1,399 14,837 11,653 21,533 118,847", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3607": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3607, + "paragraph": "10,134 48,888 7,184 7,497 451 3,659 77,813 196,660", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3608": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3608, + "paragraph": "23,586 238,733 25,329 3,074 12,097 6,051 7,012 574 316,456", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3609": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3609, + "paragraph": "21,117 42,500 7,193 26,741 97,551 414,007", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3610": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3610, + "paragraph": "79,815 2,195 1,399 14,837 11,653 21,186 131,085", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3611": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3611, + "paragraph": "13,046 48,865 7,184 7,497 451 3,341 80,384 211,469", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3612": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3612, + "paragraph": "685 (1,260) 16,615 182,610 198,650 3,888 202,538 414,007", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + }, + "3613": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3613, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 208, + "start_index_page": 3596, + "last_index_page": 3613 + } + }, + "209": { + "3614": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3614, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3615": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3615, + "paragraph": "4 \u2013 SEGMENT INFORMATION General Information Shell is an international energy company engaged in the principal aspects of the oil and gas industry and reports its business through the segments: Integrated Gas, Upstream, Downstream, and Corporate. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3616": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3616, + "paragraph": "The Integrated Gas segment covers liquefied natural gas (\u201cLNG\u201d) activitiesand the conversion of natural gas into gas-to-liquids fuels and other products, as well as the New Energies portfolio. It includes natural gas exploration and extraction and the operation of the upstream and midstream infrastructure necessary to deliver gas to market. It markets and trades natural gas, LNG, electricity and carbon-emission rights and also markets and sells LNG as a fuel for heavy-duty vehicles and marine vessels. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3617": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3617, + "paragraph": "Upstream combines the following two operating segments: 1) Upstream, which is engaged in the exploration for and extraction of crude oil, natural gas and natural gas liquids, and the marketing and transportation of oil and gas, and 2) Oil Sands, which is engaged in the extraction of bitumen from mined oil sands and conversion into synthetic crude oil. These operating segments have similar economic characteristics because theirearnings are significantly dependent on crude oil and natural gasprices and production volumes. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3618": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3618, + "paragraph": "The Downstream segment is engaged in oil products and chemicals manufacturing, marketing and trading activities, that turn crude oil andother feedstocks into a range of products which are moved and marketed around the world for domestic, industrial and transport use. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3619": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3619, + "paragraph": "The Corporate segment covers the non-operating activities supporting Shell, comprising Shell\u2019s holdings and treasury organisation, its self- insurance activities and its headquarters and central functions. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3620": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3620, + "paragraph": "Basis of Segmental Reporting Sales between segments are based on prices generally equivalent to commercially available prices. Third-party revenue and non-current assets information by geographical area are based on the country of operation of the group subsidiaries that report this information. Separate disclosure is provided for the UK as this is the Company\u2019s country of domicile. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3621": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3621, + "paragraph": "Segment earnings are presented on a current cost of supplies basis (\u201cCCSearnings\u201d), which is the earnings measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance. On this basis, the purchase price ofvolumes sold during the period is based on the current cost of supplies during the same period after making allowance for the tax effect. CCSearnings therefore exclude the effect of changes in the oil priceoninventory carrying amounts. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3622": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3622, + "paragraph": "With the adoption of IFRS 16, the interest expense on leases, formerly classified as operating leases, is reported under the Corporate segment, while depreciation related to the respective right-of-use assets is reported in the segment making use of the assets. This treatment is consistent with how formerly classified finance leases were treated. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3623": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3623, + "paragraph": "Information by segment on a current cost of supplies basis is as follows: ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3624": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3624, + "paragraph": "Third-party Inter-segment", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3625": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3625, + "paragraph": "Share of profit/(loss) of joint ventures and associates (CCS basis) Interest and other income, of which:", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3626": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3626, + "paragraph": "Interest income Net gains on sale and revaluation of non-current assets and businesses Other", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3627": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3627, + "paragraph": "Third-party and inter-segment purchases (CCS basis) Production and manufacturing expenses Selling, distribution and administrative expenses Research and development expenses Exploration expenses Depreciation, depletion and amortisation charge, of which:", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3628": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3628, + "paragraph": "Impairment losses Impairment reversals", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3629": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3629, + "paragraph": "41,322 4,280 1,791 263 \u2013 282 (19) 23,498 5,768 716 181 281 6,238 579 \u2013 104 2,242 8,628", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3630": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3630, + "paragraph": "9,965 36,448 379 2,180 \u2013 1,888 292 7,168 11,545 48 452 2,073 17,003 2,576 \u2013 534 5,954 4,195", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3631": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3631, + "paragraph": "293,545 1,132 1,725 266 \u2013 297 (31) 264,966 9,088 9,280 329 \u2013 5,413 627 (190) 74 1,241 6,277", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3632": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3632, + "paragraph": "45 \u2013 (307) 916 899 52 (35) (6) 37 449 \u2013 \u2013 47 \u2013 \u2013 3,978 (578) (3,273)", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3633": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3633, + "paragraph": "41,860 3,588 3,625 899 2,519 207 295,626 26,438 10,493 962 2,354 28,701 3,782 [C] (190)[D]", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3634": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3634, + "paragraph": "Interest expense Taxation charge/(credit) (CCS basis) CCS earnings [A] Includes $3,760 million of revenue from sources other than from contracts with customers, which mainly comprises the impact of fair value accounting of commodity derivatives. [B] In March 2019, the IFRS Interpretation Committee (\u201cIFRIC\u201d) finalised an agenda decision regarding 'Physical settlement of contracts to buy or sell a non-financial item (IFRS 9)'. ", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3635": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3635, + "paragraph": "Thisagendadecisionhas been analysed and will be prospectively implemented from January 1, 2020. The impact will be limited to a reclassification within total revenue.", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3636": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3636, + "paragraph": "[C] Impairment losses comprise Property, plant and equipment ($3,639 million) and Intangible assets ($143 million). [D] See Note 8.", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + }, + "3637": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3637, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 209, + "start_index_page": 3614, + "last_index_page": 3637 + } + }, + "210": { + "3638": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3638, + "paragraph": "Third-party Inter-segment", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3639": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3639, + "paragraph": "Share of profit/(loss) of joint ventures and associates (CCS basis) Interest and other income, of which:", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3640": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3640, + "paragraph": "Interest income Net gains on sale and revaluation of non-current assets and businesses Other", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3641": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3641, + "paragraph": "Third-party and inter-segment purchases (CCS basis) Production and manufacturing expenses Selling, distribution and administrative expenses Research and development expenses Exploration expenses Depreciation, depletion and amortisation charge, of which:", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3642": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3642, + "paragraph": "Impairment losses Impairment reversals", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3643": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3643, + "paragraph": "Third-party Inter-segment", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3644": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3644, + "paragraph": "Share of profit/(loss) of joint ventures and associates (CCS basis) Interest and other income, of which:", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3645": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3645, + "paragraph": "Interest income Net gains on sale and revaluation of non-current assets and businesses Other", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3646": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3646, + "paragraph": "Third-party and inter-segment purchases (CCS basis) Production and manufacturing expenses Selling, distribution and administrative expenses Research and development expenses Exploration expenses Depreciation, depletion and amortisation charge, of which:", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3647": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3647, + "paragraph": "Impairment losses Impairment reversals", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3648": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3648, + "paragraph": "Interest expense Taxation charge/(credit) (CCS basis) CCS earnings [A] Includes $3,348 million of revenue from sources other than from contracts with customers, which mainly comprises the impact of fair value accounting of commodity derivatives. [B] Inter-segment revenue has been revised to amend for transactions within segments that were previously reported as inter-segment revenue, and vice versa. [C] Impairment losses comprise Property, plant and equipment ($1,515 million) and Intangible assets ($181 million). [D] See Note 8. [E] Interest expense has been reclassified between segments compared with prior year.", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3649": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3649, + "paragraph": "Interest expense Taxation charge/(credit) (CCS basis) CCS earnings [A] Inter-segment revenue has been revised to amend for transactions within segments that were previously reported as inter-segment revenue, and vice versa. [B] Impairment losses comprise Property, plant and equipment ($4,572 million) and Intangible assets ($233 million). [C] See Note 8. ", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3650": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3650, + "paragraph": "43,764 5,031 2,273 2,230 \u2013 2,231 (1) 27,775 5,370 458 186 208 4,850 200 \u2013 212 2,795 11,444", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3651": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3651, + "paragraph": "32,674 4,096 1,714 687 \u2013 301 386 22,478 5,120 237 114 141 4,965 302 (10) 248 790 5,078", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3652": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3652, + "paragraph": "9,892 37,841 285 600 \u2013 712 (112) 6,144 11,463 200 493 1,132 13,006 1,065 (1,265) 591 8,791 6,798", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3653": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3653, + "paragraph": "7,723 32,469 623 1,188 \u2013 1,189 (1) 5,535 12,119 5 533 1,804 17,303 4,118 (605) 744 2,409 1,551", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3654": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3654, + "paragraph": "334,680 917 1,785 345 \u2013 302 43 303,709 10,294 10,142 307 \u2013 4,064 424 \u2013 95 1,515 7,601", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3655": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3655, + "paragraph": "264,731 1,090 1,956 154 \u2013 136 18 234,321 9,519 9,789 275 \u2013 3,877 385 \u2013 109 1,783 8,258", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3656": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3656, + "paragraph": "43 \u2013 (222) 896 772 20 104 1 (157) 560 \u2013 \u2013 215 7 \u2013 2,847 (1,270) (1,479)", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3657": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3657, + "paragraph": "51 \u2013 (129) 437 677 14 (254) 20 (106) 478 \u2013 \u2013 78 \u2013 \u2013 2,941 (636) (2,416)", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3658": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3658, + "paragraph": "4,121 4,071 772 3,265 34 337,629 26,970 11,360 986 1,340 22,135 1,696 [C] (1,265)[D] 3,745 [E] 11,831 24,364", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3659": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3659, + "paragraph": "305,179 37,655 [A] 4,164 2,466 677 1,640 149 262,354 26,652 10,509 922 1,945 26,223 4,805 [B] (615)[C]", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + }, + "3660": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3660, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 210, + "start_index_page": 3638, + "last_index_page": 3660 + } + }, + "211": { + "3661": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3661, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3662": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3662, + "paragraph": "Asia, Oceania, Africa 139,916 [B]", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3663": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3663, + "paragraph": "4 \u2013 SEGMENT INFORMATION continued ", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3664": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3664, + "paragraph": "Reconciliation of CCS earnings to income for the period", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3665": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3665, + "paragraph": "CCS earnings Current cost of supplies adjustment:", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3666": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3666, + "paragraph": "Purchases Taxation Share of profit of joint ventures and associates", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3667": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3667, + "paragraph": "Information by geographical area is as follows: ", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3668": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3668, + "paragraph": "Third-party revenue, by origin Intangible assets, property, plant and equipment, joint ventures andassociatesatDecember 31 [A] Includes $41,094 million that originated from the UK. [B] Includes $84,282 million that originated from Singapore. [C] Includes $24,696 million located in the UK. ", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3669": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3669, + "paragraph": "Third-party revenue, by origin Intangible assets, property, plant and equipment, jointventures andassociatesatDecember 31 [A] Includes $54,659 million that originated from the UK. [B] Includes $89,811 million that originated from Singapore. [C] Includes $21,863 million located in the UK.", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3670": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3670, + "paragraph": "Third-party revenue, by origin Intangible assets, property, plant and equipment, joint ventures and associates at December 31 [A] Includes $49,370 million that originated from the UK. [B] Includes $62,046 million that originated from Singapore. [C] Includes $22,734 million located in the UK. ", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + }, + "3671": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3671, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 211, + "start_index_page": 3661, + "last_index_page": 3671 + } + }, + "212": { + "3672": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3672, + "paragraph": "5 \u2013 INTERESTANDOTHERINCOME ", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3673": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3673, + "paragraph": "Interest income Dividend income (from investments in equity securities) Net gains on sale and revaluation of non-current assets and businesses Net foreign exchange gains/(losses) on financing activities Other Total", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3674": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3674, + "paragraph": "2019 899 23 2,519 5 179 3,625", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3675": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3675, + "paragraph": "2018 772 104 3,265 (174) 104 4,071", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3676": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3676, + "paragraph": "$ million 2017 677 375 1,640 (453) 227 2,466", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3677": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3677, + "paragraph": "In 2019, net gains on sale of non-current assets and businesses arose mainly in respect of gains on the sale of Upstream assets in the USA andDenmark, as well as Downstream assets in Saudi Arabia and China and Integrated Gas assets in Australia.", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3678": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3678, + "paragraph": "In 2018, net gains on sale of non-current assets and businesses arose mainly in respect of gains on the sale of Integrated Gas assets in Thailand, Malaysia, Oman and New Zealand, as well as Upstream assets in Iraq and Malaysia and a Downstream divestment in Argentina, partly offset by acharge related to the disposal of our Upstream assets in Ireland.", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3679": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3679, + "paragraph": "In 2017, net gains on sale of non-current assets and businesses arose mainly in respect of gains on the sale of Upstream assets in the UK and the USA aswell as Downstream assets in Australia and Saudi Arabia, partly offset by a loss on the Motiva transaction. Net foreign exchange losses on financing activities in 2017 includes a charge of $545 million from the release of cumulative currency translation differences following the restructuring offunding for our North America businesses. ", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3680": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3680, + "paragraph": "Interest incurred and similar charges Less: interest capitalised Other net losses on fair value hedges of debt Accretion expense Total [A] Includes $2,186 million of interest expenses related to leases of which $1,137 million related to those leases which formerly would have been classified as operating leases (see Note 3).", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3681": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3681, + "paragraph": "2019 4,592 [A] (752) 132 718 4,690", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3682": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3682, + "paragraph": "2018 3,550 (876) 169 902 3,745", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3683": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3683, + "paragraph": "$ million 2017 3,448 (622) 114 1,102 4,042", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3684": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3684, + "paragraph": "The rate applied in determining the amount of interest capitalised in 2019 was 4.5% (2018: 4.0%; 2017: 3.0%). The rate increase in 2019 was mainly driven by the weighted average rate for leases recognised upon the adoption of IFRS 16 Leases (see Note 3).", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3685": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3685, + "paragraph": "At January 1 Additions Sales, retirements and other movements Currency translation differences", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3686": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3686, + "paragraph": "At December 31 Depreciation, depletion and amortisation, including impairments", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3687": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3687, + "paragraph": "At January 1 Charge for the year Sales, retirements and other movements Currency translation differences", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3688": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3688, + "paragraph": "At December 31 Carrying amount at December 31", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3689": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3689, + "paragraph": "LNGoff-take and sales contracts", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3690": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3690, + "paragraph": "7,509 1,365 (328) 18 8,564 23,486", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + }, + "3691": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3691, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 212, + "start_index_page": 3672, + "last_index_page": 3691 + } + }, + "213": { + "3692": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3692, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3693": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3693, + "paragraph": "7\u2013 INTANGIBLEASSETS continued", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3694": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3694, + "paragraph": "At January 1 Additions Sales, retirements and other movements Currency translation differences", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3695": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3695, + "paragraph": "At December 31 Depreciation, depletion and amortisation, including impairments", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3696": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3696, + "paragraph": "At January 1 Charge for the year Sales, retirements and other movements Currency translation differences", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3697": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3697, + "paragraph": "At December 31 Carrying amount at December 31", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3698": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3698, + "paragraph": "LNGoff-take and sales contracts", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3699": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3699, + "paragraph": "6,509 1,468 (360) (108) 7,509 23,586", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3700": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3700, + "paragraph": "Goodwill at December 31, 2019, principally related to the acquisition of BG Group plc in 2016, allocated to Integrated Gas ($4,897 million) andUpstream ($5,967 million) at the operating segment level, and to Pennzoil-Quaker State Company ($1,609 million), a lubricants business in the Downstream segment based largely in North America. Information on annual impairment testing is included in Note 8. ", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3701": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3701, + "paragraph": "8 \u2013 PROPERTY, PLANTANDEQUIPMENT", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3702": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3702, + "paragraph": "Explorationandproduction Manufacturing, supply and Exploration andevaluation distribution", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3703": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3703, + "paragraph": "21,181 \u2013 21,181 2,659 (5,442) 198 18,596", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3704": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3704, + "paragraph": "3,287 1,096 (440) 67 4,010 14,586", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3705": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3705, + "paragraph": "280,381 4,871 285,252 11,374 (11,253) 1,293 286,666", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3706": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3706, + "paragraph": "131,692 19,346 (15,567) 829 136,300 150,366", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3707": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3707, + "paragraph": "91,235 6,459 97,694 10,945 (3,683) (139) 104,817", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3708": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3708, + "paragraph": "46,218 5,742 (2,981) (107) 48,872 55,945", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3709": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3709, + "paragraph": "22,040 4,228 26,268 3,145 (456) 124 29,081", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3710": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3710, + "paragraph": "10,465 1,573 (437) 28 11,629 17,452", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3711": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3711, + "paragraph": "414,837 15,558 430,395 28,123 (20,834) 1,476 439,160", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3712": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3712, + "paragraph": "191,662 27,757 (19,425) 817 200,811 238,349", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3713": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3713, + "paragraph": "At January 1 (as previously published) Impact of IFRS 16 [A] At January 1 (as revised) Additions Sales, retirements and other movements Currency translation differences", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3714": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3714, + "paragraph": "At December 31 Depreciation, depletion and amortisation, including impairments", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3715": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3715, + "paragraph": "At January 1 Charge for the year Sales, retirements and other movements Currency translation differences", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3716": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3716, + "paragraph": "At December 31 Carrying amount at December 31 [A] See Note 3. ", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + }, + "3717": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3717, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 213, + "start_index_page": 3692, + "last_index_page": 3717 + } + }, + "214": { + "3718": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3718, + "paragraph": "At January 1 Additions Sales, retirements and other movements Currency translation differences", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3719": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3719, + "paragraph": "At December 31 Depreciation, depletion and amortisation, including impairments", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3720": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3720, + "paragraph": "At January 1 Charge for the year Sales, retirements and other movements Currency translation differences", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3721": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3721, + "paragraph": "At December 31 Carrying amount at December 31", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3722": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3722, + "paragraph": "Explorationandproduction Manufacturing, Exploration supply and distribution andevaluation", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3723": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3723, + "paragraph": "22,510 3,514 (4,443) (400) 21,181", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3724": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3724, + "paragraph": "5,060 (979) (608) (186) 3,287 17,894", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3725": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3725, + "paragraph": "292,256 12,596 (19,643) (4,828) 280,381", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3726": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3726, + "paragraph": "137,525 16,551 (19,631) (2,753) 131,692 148,689", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3727": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3727, + "paragraph": "86,948 6,438 (667) (1,484) 91,235", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3728": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3728, + "paragraph": "44,483 4,000 (1,353) (912) 46,218 45,017", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3729": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3729, + "paragraph": "22,355 1,594 (814) (1,095) 22,040", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3730": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3730, + "paragraph": "10,621 1,095 (756) (495) 10,465 11,575", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3731": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3731, + "paragraph": "424,069 24,142 (25,567) (7,807) 414,837", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3732": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3732, + "paragraph": "197,689 20,667 (22,348) (4,346) 191,662 223,175", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3733": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3733, + "paragraph": "Sales, retirements and other movements in 2019 related to sales of Shell\u2019s 36.8% non-operating interest in the Danish Underground Consortium, its50%interest in the SASREF joint venture in Saudi Arabia and its 22.45% non-operating interest in the Caesar-Tonga asset in the Gulf of Mexico. ", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3734": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3734, + "paragraph": "The carrying amount of property, plant and equipment at December 31, 2019, included $27,779 million (2018: $33,451 million) of assets under construction. This amount excludes exploration and evaluation assets. The carrying amount at December 31, 2019, also included $1,401 million of assets classified as held for sale (2018:$705 million). ", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3735": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3735, + "paragraph": "The carrying amount of exploration and production assets at December 31, 2019, included rights and concessions in respect of proved and unproved properties of $14,355 million (2018: $15,860 million). Exploration and evaluation assets principally comprise rights and concessions in respect of unproved properties and capitalised exploration drilling costs. ", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3736": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3736, + "paragraph": "The carrying amount of assets at December 31, 2019, for which an alternative reserves base was applied in the calculation of the depreciation charge (see Note 2A), was $173 million (2018: $5,838 million). If no alternative reserves base had been used, the pre-tax depreciation charge for the year ended December 31, 2019, would have been $77 million higher (2018: $1,003 million, 2017: $5,558 million). ", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3737": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3737, + "paragraph": "Contractual commitments for the purchase and lease of property, plant and equipment at December31, 2019, amounted to $5,519 million. In2018,thecontractual commitments for the purchase of property, plant and equipment amounted to $4,783 million.", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + }, + "3738": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3738, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 214, + "start_index_page": 3718, + "last_index_page": 3738 + } + }, + "215": { + "3739": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3739, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3740": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3740, + "paragraph": "8 \u2013 PROPERTY, PLANTANDEQUIPMENT continued Within property, plant and equipment the following amounts relate to leases:", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3741": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3741, + "paragraph": "Exploration and production", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3742": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3742, + "paragraph": "Exploration and evaluation", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3743": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3743, + "paragraph": "Manufacturing, supply and distribution", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3744": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3744, + "paragraph": "11,508 4,871 16,379 664 (1,867) 37 15,213", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3745": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3745, + "paragraph": "5,209 1,632 (1,091) 11 5,761 9,452", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3746": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3746, + "paragraph": "16,556 15,558 32,114 4,710 (2,292) 19 34,551", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3747": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3747, + "paragraph": "6,908 4,190 (1,249) 12 9,861 24,690", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3748": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3748, + "paragraph": "789 4,228 5,017 917 (157) (18) 5,759", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3749": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3749, + "paragraph": "4,259 6,459 10,718 3,124 (268) \u2013 13,574", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3750": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3750, + "paragraph": "At December 31 Carrying amount at December 31 [A] Up to and including 2018, Shell recognised lease assets and liabilities that were classified as finance leases under IAS 17 Leases (see Note 3).", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3751": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3751, + "paragraph": "At January 1 (as previously published) Impact of IFRS 16 [A] At January 1 (as revised) Additions Sales, retirements and other movements Currency translation differences", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3752": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3752, + "paragraph": "At December 31 Depreciation, depletion and amortisation, including impairments", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3753": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3753, + "paragraph": "At January 1 Charge for the year Sales, retirements and other movements Currency translation differences", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3754": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3754, + "paragraph": "Exploration and production Manufacturing, supply and distribution Other", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3755": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3755, + "paragraph": "Total Impairment reversals [A]", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3756": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3756, + "paragraph": "Exploration and production Manufacturing, supply and distribution", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3757": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3757, + "paragraph": "Impairment losses in 2019 were mainly triggered by the revision to Shell\u2019s long-term oil and gas price outlook and change to future capital expenditure plans. The impairment losses related primarily to Upstream shale and deep-water properties in North and South America, in Integrated Gas to properties in Australia and in Downstream to the refining portfolio. Impairment losses in 2018 were mainly in Upstream, and principally related to the disposal of Shell\u2019s interests in Norway and Ireland and related to assets in the Gulf of Mexico. Impairment reversals in 2018 were mainly related to assets in North America. Impairment losses in 2017 were mainly in Upstream, and principally related to the disposal of interests in Canada and interests in Ireland classified as held for sale.", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3758": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3758, + "paragraph": "For impairment testing purposes, the respective carrying amounts of property, plant and equipment and intangible assets were compared with their value in use. Cash flow projections used in the determination of value in use were made using management\u2019s forecasts of commodity prices, market supply and demand, potential costs associated with operational GHG emissions, product margins including forecast refining margins and expected production volumes (see Note 2A). These cash flows were adjusted for the risks specific to the assets, and therefore these risks were not included in the determination of the discount rate applied. The nominal pre-tax rate applied in 2019 was 6% (2018: 6%; 2017: 6%). ", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + }, + "3759": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3759, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 215, + "start_index_page": 3739, + "last_index_page": 3759 + } + }, + "216": { + "3760": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3760, + "paragraph": "Oil and gas price assumptions applied for impairment testing are reviewed and, where necessary, adjusted on a periodic basis. Reviews include comparison with available market data and forecasts that reflect developments in demand such as global economic growth, technology efficiency, policy measures and, in supply, consideration of investment and resource potential, cost of development of new supply, and behaviour of major resource holders. The near-term commodity price assumptions applied in impairment testing in 2019 were as follows: ", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3761": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3761, + "paragraph": "Commodity price assumptions [A]", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3762": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3762, + "paragraph": "Brent crude oil ($/b) Henry Hub natural gas ($/MMBtu) [A] Money of the day. ", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3763": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3763, + "paragraph": "For periods after 2022, the real terms long-term price assumptions applied were $60 per barrel (/b) (2018: $70/b after 2021) for Brent crude oil and $3.00 permillion British thermal units (/MMBtu) (2018: $3.50/MMBtu after 2021) for Henry Hub natural gas. ", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3764": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3764, + "paragraph": "Capitalised exploration drilling costs", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3765": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3765, + "paragraph": "At January 1 Additions pending determination of proved reserves Amounts charged to expense Reclassifications to productive wells on determination of proved reserves Other movements At December 31", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3766": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3766, + "paragraph": "Between 1 and 5 years Between 6 and 10 years Between 11 and 15 years Between 16 and 20 years Total", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3767": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3767, + "paragraph": "2019 6,629 2,036 (1,218) (1,655) (124) 5,668", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3768": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3768, + "paragraph": "Projects $ million 3,195 961 237 \u2013 4,393", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3769": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3769, + "paragraph": "2018 6,981 2,588 (449) (2,461) (30) 6,629", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3770": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3770, + "paragraph": "$ million 2017 7,910 1,708 (897) (1,894) 154 6,981", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3771": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3771, + "paragraph": "Wells $ million 2,117 1,746 495 35 4,393", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3772": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3772, + "paragraph": "Exploration drilling costs capitalised for periods greater than one year at December31, 2019, analysed according to the most recent year of activity, arepresented in the table above. They comprise $284 million relating to five projects where drilling activities were under way or firmly planned for thefuture, and $4,109 million relating to 55 projects awaiting development concepts. ", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3773": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3773, + "paragraph": "9\u2013 JOINTVENTURESANDASSOCIATES", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3774": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3774, + "paragraph": "Shell share of comprehensive income of joint ventures and associates", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3775": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3775, + "paragraph": "Income for the period Other comprehensive (loss)/income for the period Comprehensive income for the period", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3776": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3776, + "paragraph": "Carrying amount of interests in joint ventures and associates", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3777": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3777, + "paragraph": "ventures Associates 14,263 11,066", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + }, + "3778": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3778, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 216, + "start_index_page": 3760, + "last_index_page": 3778 + } + }, + "217": { + "3779": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3779, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3780": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3780, + "paragraph": "9\u2013 JOINTVENTURESANDASSOCIATES continued", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3781": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3781, + "paragraph": "Transactions with joint ventures and associates", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3782": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3782, + "paragraph": "Sales and charges to joint ventures and associates Purchases and charges from joint ventures and associates", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3783": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3783, + "paragraph": "$ million 2017 13,121 10,680", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3784": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3784, + "paragraph": "These transactions principally comprise sales and purchases of goods and services in the ordinary course of business. Related balances outstanding at December31, 2019, and 2018, are presented in Notes 11 and 15. ", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3785": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3785, + "paragraph": "Other arrangements in respect of joint ventures and associates", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3786": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3786, + "paragraph": "Commitments to make purchases from joint ventures and associates [A] Commitments to provide debt or equity funding to joint ventures and associates [A] Commitments to make purchases from joint ventures and associates mainly relate to contracts associated with LNG processing fees and transportation capacity. Shell has other purchase ", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3787": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3787, + "paragraph": "obligations related to joint ventures and associates that are not fixed or determinable and are principally intended to be resold in a short period of time through sales agreements with third parties. These include long-term LNG and natural gas purchase commitments and commitments to purchase refined products or crude oil at market prices. ", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3788": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3788, + "paragraph": "[B] As revised to include commitments of $569 million.", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3789": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3789, + "paragraph": "10\u2013 INVESTMENTSINSECURITIES", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3790": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3790, + "paragraph": "Investment in securities", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3791": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3791, + "paragraph": "Equity securities at fair value through other comprehensive income", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3792": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3792, + "paragraph": "Debt securities at amortised cost Debt securities at fair value through other comprehensive income Debt securities at fair value through profit and loss", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3793": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3793, + "paragraph": "Measured by reference to prices in active markets for identical assets Measured using predominantly unobservable inputs", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3794": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3794, + "paragraph": "Dec 31, 2019 1,437 1,437 1,552 11 1,086 455 2,989", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3795": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3795, + "paragraph": "$ million Dec 31, 2018 1,823 1,823 1,251 8 953 290 3,074", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3796": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3796, + "paragraph": "Equity securities at December31, 2019, principally comprised interests below 5%, in various investments. Debt securities principally comprised a portfolio required to be held by the Company\u2019s internal insurance entities as security for their activities.", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3797": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3797, + "paragraph": "Investments in securities measured using predominantly unobservable inputs [A]", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3798": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3798, + "paragraph": "At January 1 (Losses)/Gains recognised in other comprehensive income Other movements At December 31 [A] Based on expected dividend flows, adjusted for country and other risks as appropriate and discounted to their present value. ", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3799": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3799, + "paragraph": "$ million 2018 1,268 212 (287) 1,193", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + }, + "3800": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3800, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 217, + "start_index_page": 3779, + "last_index_page": 3800 + } + }, + "218": { + "3801": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3801, + "paragraph": "11\u2013 TRADEANDOTHERRECEIVABLES ", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3802": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3802, + "paragraph": "Trade receivables Lease receivables [A] Other receivables [A] Amounts due from joint ventures and associates Prepayments and deferred charges Total [A] In 2018 \u2018Lease receivables\u2019 were included in \u2018Other receivables\u2019. ", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3803": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3803, + "paragraph": "Dec 31, 2019 Non-current \u2013 1,528 4,039 1,078 1,440 8,085", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3804": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3804, + "paragraph": "Current 30,216 213 7,791 912 4,282 43,414", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3805": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3805, + "paragraph": "$ million Dec 31, 2018 Non-current \u2013", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3806": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3806, + "paragraph": "The fair value of financial assets included above approximates the carrying amount and was determined from predominantly unobservable inputs. ", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3807": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3807, + "paragraph": "Other receivables at December31, 2019, include receivables from certain governments in their capacity as joint arrangement partners, of $1,209 million (2018: $1,449 million), after provisions for impairments, that are overdue in part or in full. Recoverability and timing thereof is subject to uncertainty, however, the ultimate risk of default on the carrying amount is considered to be low. Other receivables also include income tax and other tax receivables (see Note 16). ", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3808": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3808, + "paragraph": "Provisions for impairments deducted from trade and other receivables amounted to $649 million at December31, 2019 (2018: $790 million).", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3809": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3809, + "paragraph": "Shell uses a provision matrix to calculate expected credit losses (\u201cECLs\u201d) for trade receivables. The provision matrix is initially based on Shell\u2019s historical observed default rates. Shell calculates the ECL to adjust the historical credit loss experienced with forward-looking information. The ECL at December 31, 2019 is $83 million (2018: $23 million) which represents 0.08%-0.27% of all trade receivables. ", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3810": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3810, + "paragraph": "A loss allowance provision of $193 million (2018: $243 million) was established, in addition to all other impairments to trade receivables as at December31, 2019, that are outside of the provision matrix calculations.", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3811": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3811, + "paragraph": "Lease receivables Lease contracts where Shell is the lessor are classified as finance lease or operating lease. Receivables for lease contracts classified as finance leasesare as follows: ", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3812": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3812, + "paragraph": "Less than one year Between 1 and 5 years 5 years and later Total undiscounted lease payments receivable Unearned finance income Net investment in the lease", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3813": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3813, + "paragraph": "In addition at December 31, 2019, Shell is entitled to contractual payments under operating leases of $344 million.", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3814": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3814, + "paragraph": "$ million Dec 31, 2019 305 953 1,019 2,277 536 1,741", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + }, + "3815": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3815, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 218, + "start_index_page": 3801, + "last_index_page": 3815 + } + }, + "219": { + "3816": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3816, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3817": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3817, + "paragraph": "Oil, gas and chemicals Materials Total", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3818": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3818, + "paragraph": "Inventories at December31, 2019, include write-downs to net realisable value of $546 million (2018: $1,473 million). ", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3819": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3819, + "paragraph": "13 \u2013 CASHANDCASHEQUIVALENTS", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3820": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3820, + "paragraph": "Cash Short-term bank deposits Money market funds, reverse repos and other cash equivalents Total", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3821": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3821, + "paragraph": "Dec 31, 2019 22,654 1,417 24,071", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3822": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3822, + "paragraph": "$ million Dec 31, 2018 19,516 1,601 21,117", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3823": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3823, + "paragraph": "Dec 31, 2019 4,168 2,665 11,222 18,055", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3824": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3824, + "paragraph": "$ million Dec 31, 2018 4,034 3,655 19,052 26,741", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3825": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3825, + "paragraph": "Included in cash and cash equivalents at December31, 2019, were amounts totalling $431 million (2018: $443 million as revised) subject to currency controls or other legal restrictions. Information about credit risk is presented in Note 19. ", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3826": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3826, + "paragraph": "14 \u2013 DEBTANDLEASEARRANGEMENTS", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3827": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3827, + "paragraph": "Short-term debt Long-term debt due within 1 year Current debt Non-current debt Total [A] See Note 3.", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3828": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3828, + "paragraph": "Debt (excluding lease liabilities) 3,962 6,146 10,108 55,779 65,887", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3829": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3829, + "paragraph": "Lease liabilities [A] \u2013 4,956 4,956 25,581 30,537", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3830": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3830, + "paragraph": "Total 3,962 11,102 15,064 81,360 96,424", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3831": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3831, + "paragraph": "Debt (excluding lease liabilities) 693 8,419 9,112 53,686 62,798", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3832": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3832, + "paragraph": "Finance lease liabilities \u2013 1,022 1,022 13,004 14,026", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3833": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3833, + "paragraph": "Total 693 9,441 10,134 66,690 76,824", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + }, + "3834": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3834, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 219, + "start_index_page": 3816, + "last_index_page": 3834 + } + }, + "220": { + "3835": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3835, + "paragraph": "At January 1, 2019 (as previously published) Impact of IFRS 16 [A] At January 1, 2019 (as revised) Cash flow Lease additions Other movements [B] Currency translation differences and foreign exchange gains/(losses) At December 31, 2019 At January 1, 2018 Cash flow Finance lease additions Other movements Currency translation differences and foreign exchange gains/(losses) At December 31, 2018 [A] See Note 3. [B] \u2018Other movements\u2019 includes $1,618 million relating to existing leases entered into on behalf of certain joint operations. ", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3836": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3836, + "paragraph": "Current debt (10,134) (2,912) (13,046) 10,333 (971) (11,453) 73 (15,064) (11,795) 10,392 (51) (8,939) 259 (10,134)", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3837": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3837, + "paragraph": "Non-current debt (66,690) (13,125) (79,815) (7,269) (3,547) 9,179 92 (81,360) (73,870) (2,418) (652) 9,270 980 (66,690)", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3838": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3838, + "paragraph": "Derivative financial instruments (1,345)", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3839": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3839, + "paragraph": "Cash and cash equivalents (see Note 13) 26,741", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3840": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3840, + "paragraph": "Net debt (51,428) (16,037) (67,465) (5,395) (4,518) (1,821) 106 (79,093) (65,944) 15,298 (703) 70 (149) (51,428)", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3841": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3841, + "paragraph": "Management\u2019s financial strategy is to manage Shell\u2019s assets and liabilities with the aim that, across the business cycle, \u2018cash in\u2019 at least equals \u2018cash out\u2019 while maintaining a strong balance sheet. ", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3842": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3842, + "paragraph": "Gearing is a key measure of Shell\u2019s capital structure and is defined as net debt as a percentage of totalcapital. Net debt is defined as the sum of current and non-current debt, less cash and cash equivalents, adjusted for the fair value of derivative financial instruments used to hedge foreign exchange and interest rate risks relating to debt, and associated collateral balances. Across the business cycle, management aims to return to a gearing level within a range of 15%-25%.", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3843": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3843, + "paragraph": "Net debt Total equity Total capital Gearing [A] Shell used the modified retrospective transition method for implementing IFRS 16 Leases (see Note 3). Comparative information was not restated, and continues to be presented as previously ", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3844": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3844, + "paragraph": "Dec 31, 2019 79,093 190,463 269,556", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3845": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3845, + "paragraph": "$ million, except where indicated Dec 31, 2018 [A] 51,428 202,534 253,962 20.3%", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3846": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3846, + "paragraph": "reported under IAS 17 Leases. ", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3847": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3847, + "paragraph": "[B] Gearing increased to 29.3%, at December 31, 2019, comparable with 25.0% on an IAS 17 basis (2018: 20.3%).", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3848": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3848, + "paragraph": "Management\u2019s priorities for applying Shell\u2019s cash are the servicing and reduction of debt commitments, payment of dividends, followed by a balance ofcapital investment and share buybacks. Management\u2019s policy is to grow the dollar dividend through time, in line with its view of Shell\u2019s underlying earnings and cash flow. ", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3849": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3849, + "paragraph": "Shell has access to international debt capital markets via two commercial paper (\u201cCP\u201d) programmes, a Euro medium-term note (\u201cEMTN\u201d) programme andaUS universal shelf (\u201cUS shelf\u201d) registration. Issuances under the CP programmes are supported by a committed credit facility and cash.", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + }, + "3850": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3850, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 220, + "start_index_page": 3835, + "last_index_page": 3850 + } + }, + "221": { + "3851": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3851, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3852": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3852, + "paragraph": "14 \u2013 DEBTANDLEASEARRANGEMENTS continued", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3853": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3853, + "paragraph": "Borrowing facilities and amounts undrawn ", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3854": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3854, + "paragraph": "CP programmes EMTN programme US shelf registration Committed credit facilities", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3855": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3855, + "paragraph": "Dec 31, 2019 20,000 unlimited unlimited 10,000", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3856": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3856, + "paragraph": "Facility Dec 31, 2018 20,000 unlimited unlimited 8,840", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3857": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3857, + "paragraph": "$ million Amount undrawn Dec 31, 2018 20,000 N/A N/A 8,840", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3858": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3858, + "paragraph": "Dec 31, 2019 16,610 N/A N/A 10,000", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3859": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3859, + "paragraph": "Under the CP programmes, Shell can issue debt of up to $10 billion with maturities not exceeding 270 days and $10 billion with maturities not exceeding397 days. The EMTN programme is updated each year, most recently in July 2019. In 2019, debt issued under this programme amounted to$3 billion (2018: $nil). The US shelf registration provides Shell with the flexibility to issue debt securities, ordinary shares, preferred shares and warrants. The registration is updated every three years and was last updated in December 2017. During 2019, debt totalling $4 billion (2018: $3 billion) was issued under the registration. On December 13, 2019, Shell entered into $10 billion revolving credit facilities, which in anticipation of the LIBOR reform (see Note 2B), were linked to the new Secured Overnight Financing Rate (\u201cSOFR\u201d). Under the terms of the facilities, the LIBOR interest rate will be replaced by SOFR as early as the first anniversary of the signing date of these revolving credit facilities. The committed credit facilities are available at pre-agreed margins, with $2 billion expiring in 2020 and $8 billion expiring in 2024. Each facility includes two one-year extension options at the discretion of each lender.The terms and availability are not conditional on Shell\u2019s financial ratios nor its financial credit ratings. The interest and feespaidon both facilities are linked to Shell\u2019s progress towards reaching its short-term Net Carbon Footprint intensity target. ", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3860": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3860, + "paragraph": "In addition, other subsidiaries have access to undrawn short-term bank facilities totalling $2,784 million at December31, 2019 (2018: $3,035 million).", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3861": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3861, + "paragraph": "The following tables compare contractual cash flows for debt excluding lease liabilities at December31, with the carrying amount in the Consolidated Balance Sheet. Contractual amounts reflect the effects of changes in foreign exchange rates; differences from carrying amounts reflect the effects of discounting, premiums and, where fair value hedge accounting is applied, fair value adjustments. Interest is estimated assuming interest rates applicable to variable rate debt remain constant and there is no change in aggregate principal amounts of debt other than repayment at scheduled maturity, as reflected in the table.", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3862": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3862, + "paragraph": "Lessthan 1 year 3,390 5,900 859 10,149 1,665", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3863": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3863, + "paragraph": "Between 1 and 2 years \u2013 4,971 425 5,396 1,559", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3864": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3864, + "paragraph": "Between 2 and 3 \u2013 4,392 56 4,448 1,430", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3865": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3865, + "paragraph": "Between 3 and 4 years \u2013 4,326 71 4,397 1,357", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3866": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3866, + "paragraph": "Between 4 and 5 years \u2013 2,091 15 2,106 1,263", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3867": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3867, + "paragraph": "5 years and later \u2013 38,323 412 38,735 14,618", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3868": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3868, + "paragraph": "Difference fromcarrying amount (38) 694 \u2013 656", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3869": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3869, + "paragraph": "Total 3,390 60,003 1,838 65,231 21,892", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3870": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3870, + "paragraph": "Lessthan 1 year 8,163 945 9,108 1,780", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3871": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3871, + "paragraph": "Between 1 and 2 years 5,900 39 5,939 1,555", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3872": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3872, + "paragraph": "Between 2 and 3 4,993 209 5,202 1,426", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3873": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3873, + "paragraph": "Between 3 and 4 years 4,458 50 4,508 1,319", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3874": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3874, + "paragraph": "Between 4 and 5 years 4,312 27 4,339 1,244", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3875": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3875, + "paragraph": "5 years and later 33,162 359 33,521 14,406", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3876": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3876, + "paragraph": "Difference fromcarrying amount 181 \u2013 181", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3877": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3877, + "paragraph": "Total 60,988 1,629 62,617 21,730", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3878": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3878, + "paragraph": "Carrying amount 3,352 60,697 1,838 65,887", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3879": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3879, + "paragraph": "Carrying amount 61,169 1,629 62,798", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3880": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3880, + "paragraph": "Commercial paper Bonds Bank and other borrowings Total (excluding interest) Interest", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3881": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3881, + "paragraph": "Bonds Bank and other borrowings Total (excluding interest) Interest", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + }, + "3882": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3882, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 221, + "start_index_page": 3851, + "last_index_page": 3882 + } + }, + "222": { + "3883": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3883, + "paragraph": "Interest rate swaps have been entered into against certain fixed rate debt affecting the effective interest rate on these balances (see Note 19). The fair value of debt excluding lease liabilities at December 31, 2019, was $71,163 million (2018: $64,708 million), mainly determined from the prices quoted forthose securities. ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3884": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3884, + "paragraph": "LEASE ARRANGEMENTS From January 1, 2019, leases are recognised as a right-of-use asset (see Note 8) and a corresponding liability at the date which the lease asset is available for the use by Shell (see Note 3). Lease liabilities are secured on the leased assets. Shell has lease contracts in Upstream and Integrated Gasfor floating production storage and offloading units, subsea equipment, power generation for drilling and ancillary equipment, service vessels, LNGvessels and land and buildings; in Downstream, principally for tankers, storage capacity and retail sites; and in Corporate, principally for land andbuildings. ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3885": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3885, + "paragraph": "Lease expenses not included in the measurement of lease liability ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3886": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3886, + "paragraph": "Expense relating to short-term leases Expense relating to variable lease payments not included in the lease liabilities", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3887": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3887, + "paragraph": "The total cash outflow in respect of leases representing repayment of principal and payment of interest in 2019 was $7,866 million, recognised in the Consolidated Statement of Cash Flows from financing activities. ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3888": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3888, + "paragraph": "The future lease payments under lease contracts and the present value of future lease payments at December31, bypayment date areas follows: ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3889": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3889, + "paragraph": "Less than 1 year Between 1 and 5 years 5 years and later Total [A] See Note 3. [B] Future cash outflows in respect of leases may differ from lease liabilities recognised due to future decisions that may be taken by Shell in respect of the use of leased assets. These decisions may result in variable lease payments to be made. In addition, Shell may reconsider whether it will exercise extension options or termination options, where future reconsideration is not reflected in thelease liabilities. There is no exposure to these potential additional payments in excess of the recognised lease liabilities until these decisions have been taken by Shell.", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3890": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3890, + "paragraph": "Contractual lease payments 7,337 17,435 21,340 46,112 [B]", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3891": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3891, + "paragraph": "$ million Lease liabilities [A] 4,956 11,294 14,287 30,537", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3892": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3892, + "paragraph": "Interest 2,381 6,141 7,053 15,575", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3893": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3893, + "paragraph": "Less than 1 year Between 1 and 5 years 5 years and later Total [A] Shell used the modified retrospective transition method for the adoption of IFRS 16 Leases (see Note 3). Comparative information is not restated and continues to be presented as previously ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3894": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3894, + "paragraph": "reported under IAS 17 Leases. ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3895": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3895, + "paragraph": "Finance leases [A] Present value of future minimum lease payments 1,022 4,117 8,887 14,026", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3896": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3896, + "paragraph": "Interest 1,039 3,391 4,483 8,913", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3897": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3897, + "paragraph": "$ million Operating leases [A] ", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3898": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3898, + "paragraph": "Future minimum lease payments 4,784 11,575 7,860 24,219", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3899": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3899, + "paragraph": "Future minimum lease payments 2,061 7,508 13,370 22,939", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + }, + "3900": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3900, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 222, + "start_index_page": 3883, + "last_index_page": 3900 + } + }, + "223": { + "3901": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3901, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3902": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3902, + "paragraph": "15 \u2013 TRADEANDOTHERPAYABLES ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3903": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3903, + "paragraph": "Trade payables Other payables Amounts due to joint ventures and associates Accruals and deferred income Total", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3904": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3904, + "paragraph": "Dec 31, 2019 Non-current \u2013 2,060 40 242 2,342", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3905": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3905, + "paragraph": "Current 29,497 6,356 3,312 10,043 49,208", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3906": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3906, + "paragraph": "$ million Dec 31, 2018 Non-current \u2013 2,413 33 289 2,735", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3907": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3907, + "paragraph": "Current 30,351 5,597 2,851 10,089 48,888", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3908": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3908, + "paragraph": "The fair value of financial liabilities included above approximates the carrying amount and was determined from predominantly unobservable inputs. ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3909": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3909, + "paragraph": "Other payables include amounts due to joint arrangement partners and in respect of other project-related items. ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3910": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3910, + "paragraph": "Information about offsetting, collateral and liquidity risk is presented in Note 19. ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3911": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3911, + "paragraph": "Charge in respect of current period Adjustments in respect of prior periods", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3912": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3912, + "paragraph": "Relating to the origination and reversal of temporary differences, tax losses and credits Relating to changes in tax rates and legislation Adjustments in respect of prior periods", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3913": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3913, + "paragraph": "Total Total taxation charge [A] Mainly in respect of the US Tax Cuts and Jobs Act. ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3914": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3914, + "paragraph": "Adjustments in respect of prior periods relate to events in the current period and reflect the effects of changes in rules, facts or other factors compared with those used in establishing the current tax position or deferred tax balance in prior periods. ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3915": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3915, + "paragraph": "Reconciliation of applicable tax charge at statutory tax rates to taxation charge", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3916": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3916, + "paragraph": "Income before taxation Less: share of profit of joint ventures and associates Income before taxation and share of profit of joint ventures and associates Applicable tax charge at standard statutory tax rates [A] Adjustments in respect of prior periods Tax effects of: [B]", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3917": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3917, + "paragraph": "2019 25,485 (3,604) 21,881 7,214 146", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3918": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3918, + "paragraph": "2018 35,621 (4,106) 31,515 11,641 19", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3919": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3919, + "paragraph": "$ million 2017 18,130 (4,225) 13,905 4,709 (411)", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3920": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3920, + "paragraph": "Expenses not deductible for tax purposes Derecognition/(recognition) of deferred tax assets Incentives for investment and development [A] Disposals Income not subject to tax at standard statutory rates Changes in tax rates and legislation Exchange rate differences", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3921": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3921, + "paragraph": "1,000 (957) (527) (910) (359) 2,004 320 (174) Other reconciling items Taxation charge 4,695 [A] Incentives for investment and development include conditional preferential tax rates to attract investment, uplift on carried forward losses and capital expenditure, investment tax allowances and ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3922": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3922, + "paragraph": "1,176 (381) (557) (524) (286) (157) 623 161 11,715", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3923": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3923, + "paragraph": "1,493 846 (757) (235) 159 (67) (34) 288 9,053", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3924": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3924, + "paragraph": "credits for research and development. Up to and including 2018, preferential tax rates were reported within the applicable tax charge at standard statutory tax rates. Comparative numbers for 2018 and 2017 were reclassified to conform with the current year presentation. ", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3925": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3925, + "paragraph": "[B] The tax effect categories have changed to provide better insights. Comparative numbers for 2018 and 2017 were reclassified to conform with the current year presentation.", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + }, + "3926": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3926, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 223, + "start_index_page": 3901, + "last_index_page": 3926 + } + }, + "224": { + "3927": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3927, + "paragraph": "The weighted average of statutory tax rates was 33% in 2019 (2018: 37% as revised; 2017: 34% as revised). Compared with 2018, the decrease in the rate reflects a higher proportion of earnings in the Downstream and Integrated Gas segments, subject to relatively lower tax rates than earnings in the Upstream segment. In addition, a higher proportion of Integrated Gas income was earned in countries with relatively lower statutory tax rates. ", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3928": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3928, + "paragraph": "Income taxes Sales taxes, excise duties and similar levies Total", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3929": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3929, + "paragraph": "Dec 31, 2019 3,478 3,215 6,693", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3930": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3930, + "paragraph": "$ million Dec 31, 2018 3,990 3,507 7,497", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3931": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3931, + "paragraph": "Included in other receivables at December31, 2019 was income tax receivable of $1,328 million (2018: $1,042 million) (see Note 11).", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3932": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3932, + "paragraph": "Deferred tax asset At January 1, 2019 (as previously published) Impact of IFRS 16 At January 1, 2019 (as revised) (Charge)/credit to income Currency translation differences Other At December 31, 2019 Deferred tax liability At January 1, 2019 (as previously published) Impact of IFRS 16 At January 1, 2019 (as revised) (Charge)/credit to income Currency translation differences Other At December 31, 2019 Net deferred tax liability at December 31, 2019 Deferred tax asset/liability as presented in the balance sheet at December 31, 2019 Deferred tax asset Deferred tax liability", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3933": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3933, + "paragraph": "Decommissioning and other provisions 5,902 (43) 5,859 15 56 (550) 5,380", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3934": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3934, + "paragraph": "Property, plant and equipment 3,718 \u2013 3,718 (521) 6 (189) 3,014", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3935": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3935, + "paragraph": "Tax losses and credits carried forward 12,167 \u2013 12,167 (647) 57 52 11,629", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3936": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3936, + "paragraph": "(27,771) 144 (27,627) (227) (129) (57) (28,040)", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3937": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3937, + "paragraph": "Retirement benefits 3,310 \u2013 3,310 (76) (8) 434 3,660", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3938": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3938, + "paragraph": "Other 4,233 43 4,276 10 (2) 77 4,361", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3939": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3939, + "paragraph": "Total 29,330 \u2013 29,330 (1,219) 109 (176) 28,044", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3940": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3940, + "paragraph": "(32,070) \u2013 (32,070) (238) (140) 406 (32,042) (3,998)", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + }, + "3941": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3941, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 224, + "start_index_page": 3927, + "last_index_page": 3941 + } + }, + "225": { + "3942": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3942, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3943": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3943, + "paragraph": "Decommissioning and other provisions 6,182 166 (177) (269) 5,902", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3944": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3944, + "paragraph": "Deferred tax asset At January 1, 2018 (Charge)/credit to income Currency translation differences Other At December 31, 2018 Deferred tax liability At January 1, 2018 (Charge)/credit to income Currency translation differences Other At December 31, 2018 Net deferred tax liability at December 31, 2018 Deferred tax asset/liability as presented in the balance sheet at December 31, 2018 Deferred tax asset Deferred tax liability", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3945": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3945, + "paragraph": "Property, plant and equipment 3,379 345 (32) 26 3,718", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3946": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3946, + "paragraph": "Tax losses and credits carried forward 13,684 (553) (462) (502) 12,167", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3947": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3947, + "paragraph": "Retirement benefits 3,868 14 (93) (479) 3,310", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3948": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3948, + "paragraph": "Total 31,257 91 (806) (1,212) 29,330", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3949": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3949, + "paragraph": "(30,473) (1,331) 469 (735) (32,070) (2,740)", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3950": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3950, + "paragraph": "The presentation in the balance sheet takes into consideration the offsetting of deferred tax assets and deferred tax liabilities within the same tax jurisdiction, where this is permitted. The overall deferred tax position in a particular tax jurisdiction determines if a deferred tax balance related to that jurisdiction is presented within deferred tax assets or deferred tax liabilities. ", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3951": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3951, + "paragraph": "Other movements in deferred tax assets and liabilities principally relate to acquisitions, sales of non-current assets and businesses, and amounts recognised in other comprehensive income. ", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3952": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3952, + "paragraph": "The deferred tax category \u2018Other\u2019 primarily includes deferred tax positions in respect of leases, financial assets and liabilities, inventories, intangible assets and investments in subsidiaries, joint ventures and associates. ", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3953": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3953, + "paragraph": "The amount of deferred tax assets dependent on future taxable profits not arising from the reversal of existing deferred tax liabilities, and which relate to tax jurisdictions where Shell has suffered a loss in the current or preceding year, was $8,773 million at December31, 2019 (2018: $9,979 million). It is considered probable based on business forecasts that such profits will be available. ", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3954": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3954, + "paragraph": "Unrecognised taxable temporary differences associated with undistributed retained earnings of investments in subsidiaries, joint ventures and associates amounted to $6,356 million at December 31, 2019 (2018: $3,951 million). These retained earnings are subject towithholding tax upon distribution. The increase of the amount compared with 2018 is related to a change in the withholding tax legislation, asaresult of which a larger part of the undistributed retained earnings will be subject to withholding tax. Unrecognised deductible temporary differences, unused tax losses and credits carried forward amounted to $33,068 million at December 31, 2019 (2018: $30,010 million as revised) including amounts of $24,295 million (2018: $22,704 million as revised) that are subject to time limits for utilisation offive years or later, or are not time limited. ", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3955": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3955, + "paragraph": "Furthermore, there are unrecognised losses for Petroleum Resource Rent Tax (\u201cPRRT\u201d) in Australia, amounting to $36,905 million as at the end of the most recent PRRT fiscal year (June 30, 2019). In 2018, a portion of the PRRT losses amounting to $4,900 million was included in the amount of the unrecognised deductible temporary differences, unused tax losses and credits carried forward. Based on business forecasts at existing commodity pricelevels, and the annual augmentation of the unused PRRT losses, this amount is expected to increase in the near future. ", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + }, + "3956": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3956, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 225, + "start_index_page": 3942, + "last_index_page": 3956 + } + }, + "226": { + "3957": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3957, + "paragraph": "17 \u2013 RETIREMENTBENEFITS Retirement benefits are provided through a number of funded and unfunded defined benefit plans and defined contribution plans, the most significant ofwhich are in the Netherlands, UK and USA. Benefits comprise principally pensions; retirement healthcare and life insurance are also provided in certain countries.", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3958": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3958, + "paragraph": "Retirement benefit expense", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3959": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3959, + "paragraph": "Current service cost, net of plan participants\u2019 contributions Interest expense on obligations Interest income on plan assets Other", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3960": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3960, + "paragraph": "Total Defined contribution plans Total retirement benefit expense", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3961": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3961, + "paragraph": "1,188 2,364 (2,253) 26 1,325 428 1,753", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3962": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3962, + "paragraph": "1,494 2,282 (2,087) (221) 1,468 410 1,878", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3963": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3963, + "paragraph": "1,500 2,309 (2,019) (404) 1,386 429 1,815", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3964": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3964, + "paragraph": "Retirement benefit expense is presented principally within production and manufacturing expenses and selling, distribution and administrative expenses in the Consolidated Statement of Income. Interest income on plan assets is calculated using the same rate as that applied to the related defined benefit obligations for each plan to determine interest expense. ", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3965": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3965, + "paragraph": "Actuarial gains/(losses) on obligations:", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3966": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3966, + "paragraph": "Due to changes in financial assumptions [A] Due to experience adjustments [B] Due to changes in demographic assumptions [C]", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3967": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3967, + "paragraph": "Total Return on plan assets in excess/(shortage) of interest income Other movements Total remeasurements [A] Primarily relates to changes in the discount rate assumptions. [B] Experience adjustments arise from differences between the actuarial assumptions made in respect of the year and actual outcomes. [C] Primarily relates to updates in mortality assumptions. ", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3968": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3968, + "paragraph": "Obligations Plan assets Net liability Retirement benefits in the Consolidated Balance Sheet:", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3969": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3969, + "paragraph": "Non-current assets Non-current liabilities Current liabilities", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3970": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3970, + "paragraph": "(11,711) 232 (75) (11,554) 8,460 (12) (3,106)", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3971": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3971, + "paragraph": "8,186 (268) (459) 7,459 (2,312) 66 5,213", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3972": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3972, + "paragraph": "(4,495) 37 933 (3,525) 4,942 50 1,467", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3973": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3973, + "paragraph": "Dec 31, 2019 (103,545) 94,826 (8,719)", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3974": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3974, + "paragraph": "$ million Dec 31, 2018 (91,856) 85,803 (6,053)", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + }, + "3975": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3975, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 226, + "start_index_page": 3957, + "last_index_page": 3975 + } + }, + "227": { + "3976": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3976, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3977": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3977, + "paragraph": "17 \u2013 RETIREMENTBENEFITS continued", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3978": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3978, + "paragraph": "Defined benefit plan obligations", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3979": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3979, + "paragraph": "At January 1 Current service cost Interest expense Actuarial losses/(gains) Benefit payments Other movements Currency translation differences At December 31 Comprising:", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3980": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3980, + "paragraph": "Weighted average duration", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3981": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3981, + "paragraph": "Weighted average duration", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3982": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3982, + "paragraph": "Weighted average duration", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3983": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3983, + "paragraph": "Defined benefit plan assets", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3984": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3984, + "paragraph": "At January 1 Return on plan assets in excess/(shortage) of interest income Interest income Employer contributions Plan participants\u2019 contributions Benefit payments Other movements Currency translation differences At December 31 Comprising:", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3985": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3985, + "paragraph": "Quoted in active markets:", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3986": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3986, + "paragraph": "Equities Debt securities Real estate Other Other:", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3987": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3987, + "paragraph": "Equities Debt securities Real estate Investment funds", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3988": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3988, + "paragraph": "$million, except where indicated 2018 104,285 1,491 2,282 (7,459) (4,435) (360) (3,948) 91,856", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3989": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3989, + "paragraph": "2019 91,856 1,186 2,364 11,554 (3,961) 194 352 103,545", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3990": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3990, + "paragraph": "93,727 17 years 4,793 13 years 5,025 14 years", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3991": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3991, + "paragraph": "83,276 17 years 4,359 13 years 4,221 12 years", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3992": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3992, + "paragraph": "$million, except where indicated 2018 93,243 (2,312) 2,087 763 47 (4,123) (102) (3,800) 85,803", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3993": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3993, + "paragraph": "2019 85,803 8,460 2,253 1,462 42 (3,741) 160 387 94,826", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3994": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3994, + "paragraph": "Long-term investment strategies of plans are generally determined by the relevant pension plan trustees using a structured asset/liability modelling approach to define the asset mix that best meets the objectives of optimising returns within agreed risk levels while maintaining adequate funding levels. ", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3995": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3995, + "paragraph": "Employer contributions to defined benefit pension plans are based on actuarial valuations in accordance with local regulations and are estimated to be $0.7 billion in 2020. ", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + }, + "3996": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3996, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 227, + "start_index_page": 3976, + "last_index_page": 3996 + } + }, + "228": { + "3997": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3997, + "paragraph": "Significant funding requirements: \u25a0 Additional contributions to the Netherlands defined benefit pension plan would be required if the 12-month rolling average local funding percentage ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "3998": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3998, + "paragraph": "falls below 105% for six months or more. At the most recent (2019) funding valuation the local funding percentage was above this level; ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "3999": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 3999, + "paragraph": " \u25a0 There are no set minimum statutory funding requirements for the UK plans. Under an agreement with the trustee of the main UK defined benefit plan, ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4000": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4000, + "paragraph": "Shell will provide additional contributions if the funding position falls below a certain level, although this is currently not anticipated; and ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4001": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4001, + "paragraph": " \u25a0 Under the Pension Protection Act, US pension plans are subject to minimum required contribution levels based on the funding position. No ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4002": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4002, + "paragraph": "contributions are required based on the most recent funding valuation.", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4003": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4003, + "paragraph": "The principal assumptions applied in determining the present value of defined benefit obligations and their bases were as follows: ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4004": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4004, + "paragraph": "rates of increase in pensionable remuneration, pensions in payment and healthcare costs: historical experience and management\u2019s long-term expectation; ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4005": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4005, + "paragraph": " \u25a0 discount rates: prevailing long-term AA corporate bond yields, chosen to match the currency and duration of the relevant obligation; and \u25a0 mortality rates: published standard mortality tables for the individual countries concerned adjusted for Shell experience where statistically significant. ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4006": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4006, + "paragraph": "The weighted averages for those assumptions and related sensitivity information at December31 are presented below. Sensitivity information indicatesby how much the defined benefit obligations would increase or decrease if a given assumption were to increase or decrease with no changeinother assumptions. ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4007": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4007, + "paragraph": "Rate of increase in pensionable remuneration Rate of increase in pensions in payment Rate of increase in healthcare costs Discount rate for pension plans Discount rate for healthcare plans Expected age at death for persons aged 60:", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4008": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4008, + "paragraph": "Rangeof assumptions -1% to +1% -1% to +1% -1% to +1% -1% to +1% -1% to +1%", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4009": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4009, + "paragraph": "$ million, except where indicated Effect of using alternative assumptions Increase/(decrease) in defined benefit obligations", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4010": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4010, + "paragraph": "2019 (1,975) to 2,266 (9,541) to 11,757 (546) to 675 18,431 to (14,155) 704 to (558) ", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4011": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4011, + "paragraph": "2018 (1,576) to 1,819 (8,304) to 10,104 (410) to 496 15,606 to (12,078) 536 to (436)", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4012": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4012, + "paragraph": "-1 year to +1 year -1 year to +1 year", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + }, + "4013": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4013, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 228, + "start_index_page": 3997, + "last_index_page": 4013 + } + }, + "229": { + "4014": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4014, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4015": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4015, + "paragraph": "18\u2013 DECOMMISSIONING ANDOTHERPROVISIONS", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4016": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4016, + "paragraph": "Decommissioning and restoration", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4017": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4017, + "paragraph": "Current (as previously published) Impact of IFRS 16 [A] Current (as revised)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4018": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4018, + "paragraph": "Non-current (as previously published) Impact of IFRS 16 [A] Non-current (as revised)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4019": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4019, + "paragraph": "Additions Amounts charged against provisions Accretion expense Disposals Remeasurements and other movements Currency translation differences", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4020": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4020, + "paragraph": "Additions Amounts charged against provisions Accretion expense Disposals Remeasurements and other movements Currency translation differences", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4021": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4021, + "paragraph": "17,057 \u2013 17,057 17,933 625 (797) 644", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4022": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4022, + "paragraph": "817 19,767 20,584 418 (497) 755 (1,781) (1,065) (481) (2,651)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4023": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4023, + "paragraph": "1,247 \u2013 1,247 1,460 585 (216) 28 \u2013 (45) (1) 351", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4024": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4024, + "paragraph": "423 1,095 1,518 196 (200) 17 (14) (47) (10) (58)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4025": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4025, + "paragraph": "1,074 \u2013 1,074 1,338 229 (223) 16 (8) (155) \u2013 (141)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4026": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4026, + "paragraph": "287 1,218 1,505 191 (212) 17 (11) (130) (22) (167)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4027": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4027, + "paragraph": "468 (188) 280 721 290 (304) 3 \u2013 (192) (3) (206)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4028": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4028, + "paragraph": "758 560 1,318 535 (504) 15 (3) (367) (35) (359)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4029": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4029, + "paragraph": "1,687 (159) 1,528 3,075 535 (562) 25 (14)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4030": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4030, + "paragraph": "1,180 2,326 3,506 1,070 (887) 48 (49) (122) (64) (4)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4031": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4031, + "paragraph": "21,533 (347) 21,186 24,527 2,264 (2,102) 716 (1,260) 316 149 83", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4032": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4032, + "paragraph": "3,465 24,966 28,431 2,410 (2,300) 852 (1,858) (1,731) (612) (3,239)", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4033": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4033, + "paragraph": "3,659 21,533 25,192 [A] Following the implementation of IFRS 16 Leases (see Note 3) provisions related to onerous operating lease contracts at December 31, 2018 were derecognised and related right-of-use assets were ", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4034": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4034, + "paragraph": "adjusted accordingly. Certain operating lease contracts, mainly related to office buildings became onerous following restructuring and these onerous operating lease contracts were included in the provision for redundancy.", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4035": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4035, + "paragraph": "[B] Mainly related to the disposal of interests in Denmark and Canada. [C] Mainly related to reclassifications to Trade and other payables.", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4036": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4036, + "paragraph": "The amount and timing of settlement in respect of these provisions are uncertain and dependent on various factors that are not always within management\u2019s control. Reviews of estimated future decommissioning and restoration costs and the discount rate applied are carried out annually. The discount rate applied at December 31, 2019 was 3% (December 31, 2018: 4%). This decrease resulted from the decrease in capital markets rates in 2019. ", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4037": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4037, + "paragraph": "In 2019, there was an increase of $2,241 million (2018: $nil) in the decommissioning and restoration provision as a result of the change in the discount rate, partly offset by a decrease in the provision resulting from changes in cost estimates of $545 million (2018: $982 million), reported within re- measurements and other movements.", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4038": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4038, + "paragraph": "Of the decommissioning and restoration provision at December31, 2019, an estimated $2,869 million is expected to be utilised within one to five years, $2,432 million within six to 10 years, and the remainder in later periods.", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4039": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4039, + "paragraph": "Other provisions include amounts recognised in respect of employee benefits. ", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + }, + "4040": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4040, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 229, + "start_index_page": 4014, + "last_index_page": 4040 + } + }, + "230": { + "4041": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4041, + "paragraph": "19 \u2013 FINANCIALINSTRUMENTS Financial instruments in the Consolidated Balance Sheet include investments in securities (see Note 10), cash and cash equivalents (see Note 13), debt(see Note 14) and derivative contracts. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4042": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4042, + "paragraph": "Risks In the normal course of business, financial instruments of various kinds are used for the purposes of managing exposure to interest rate, foreign exchange and commodity price movements. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4043": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4043, + "paragraph": "Treasury standards are applicable to all subsidiaries and each subsidiary is required to adopt a treasury policy consistent with these standards. These policies cover: financing structure; interest rate and foreign exchange risk management; insurance; counterparty risk management; and use of derivative contracts. Wherever possible, treasury operations are carried out through specialist regional organisations without removing from each subsidiary the responsibility to formulate and implement appropriate treasury policies. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4044": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4044, + "paragraph": "Apart from forward foreign exchange contracts to meet known commitments, the use of derivative contracts by most subsidiaries is not permitted by their treasury policy. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4045": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4045, + "paragraph": "Other than in exceptional cases, the use of external derivative contracts is confined to specialist trading and central treasury organisations that have appropriate skills, experience, supervision, control and reporting systems. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4046": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4046, + "paragraph": "Shell\u2019s operations expose it to market, credit and liquidity risk, as described below. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4047": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4047, + "paragraph": "Market risk Market risk is the possibility that changes in interest rates, foreign exchange rates or the prices of crude oil, natural gas, LNG, refined products, chemical feedstocks, power and carbon-emission rights will adversely affect the value of assets, liabilities or expected future cash flows. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4048": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4048, + "paragraph": "Interest rate risk Most debt is raised from central borrowing programmes. Shell\u2019s policy continues to be to have debt principally denominated in dollars and to maintain alargely floating interest rate exposure profile; however, Shell has issued a significant amount of fixed rate debt in recent years, taking advantage of historically low interest rates available in debt markets. As a result, a substantial portion of the debt portfolio at December31, 2019, is at fixed rates andthis reduces Shell\u2019s exposure to the dollar LIBOR interest rate (see Note 2B). ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4049": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4049, + "paragraph": "The financing of most subsidiaries is structured on a floating-rate basis, and any further interest rate risk management is only applied under exceptional circumstances. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4050": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4050, + "paragraph": "On the basis of the floating-rate net debt position at December31, 2019 (both issued and hedged), and assuming other factors (principally foreign exchange rates and commodity prices) remained constant and that no further interest rate management action was taken, an increase in interest rates of1% would have decreased 2019 income before taxation by $98 million (2018: $37 million, based on the floating rate position at December31, 2018). ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4051": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4051, + "paragraph": "The carrying amounts and maturities of debt and borrowing facilities are presented in Note 14. Interest expense is presented in Note 6. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4052": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4052, + "paragraph": "Foreign exchange risk Many of the markets in which Shell operates are priced, directly or indirectly, in dollars. As a result, the functional currency of most Integrated Gas and Upstream entities and those with significant cross-border business is the dollar. For Downstream entities, the functional currency is typically the local currency. Consequently, Shell is exposed to varying levels of foreign exchange risk when an entity enters into transactions that are not denominated in itsfunctional currency, when foreign currency monetary assets and liabilities are translated at the balance sheet date and as a result of holding net investments in operations that are not dollar-functional. Each entity is required to adopt treasury policies that are designed to measure and manage itsforeign exchange exposures by reference to its functional currency. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4053": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4053, + "paragraph": "Foreign exchange gains and losses arise in the normal course of business from the recognition of receivables and payables and other monetary items incurrencies other than an entity\u2019s functional currency. Foreign exchange risk may also arise in connection with capital expenditure. For major projects, anassessment is made at the final investment decision stage whether to hedge any resulting exposure. ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4054": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4054, + "paragraph": "Assuming other factors (principally interest rates and commodity prices) remained constant and that no further foreign exchange risk management action were taken, a 10% appreciation against the dollar at December31 of the main currencies to which Shell is exposed would have the following effects: ", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4055": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4055, + "paragraph": "10% appreciation against the dollar of:", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4056": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4056, + "paragraph": "Canadian dollar Euro Australian dollar Sterling", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4057": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4057, + "paragraph": "Increase/(decrease) in income before taxation 2018", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4058": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4058, + "paragraph": "Increase in net assets 2019 2018", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + }, + "4059": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4059, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 230, + "start_index_page": 4041, + "last_index_page": 4059 + } + }, + "231": { + "4060": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4060, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4061": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4061, + "paragraph": "19 \u2013 FINANCIALINSTRUMENTS continued The above sensitivity information was calculated by reference to carrying amounts of assets and liabilities at December31 only. The effect on income before taxation arises in connection with monetary balances denominated in currencies other than an entity\u2019s functional currency; the effect on net assets arises principally from the translation of assets and liabilities of entities that are not dollar-functional. ", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4062": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4062, + "paragraph": "Foreign exchange gains and losses included in income are presented in Note 5. ", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4063": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4063, + "paragraph": "Commodity price risk Certain subsidiaries have a mandate to trade crude oil, natural gas, LNG, refined products, chemical feedstocks, power and carbon-emission rights, and to use commodity derivative contracts (forwards, futures, swaps and options) as a means of managing price and timing risks arising from this trading activity. In effecting these transactions, the entities concerned operate within procedures and policies designed to ensure that risks, including those relating to the default of counterparties, are managed within authorised limits. ", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4064": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4064, + "paragraph": "Value-at-risk (\u201cVAR\u201d) techniques based on variance/covariance or Monte Carlo simulation models are used to make a statistical assessment of the market risk arising from possible future changes in market values over a 1-day holding period and within a 95% confidence level. The calculation of potential changes infair value takes into account positions, the history of price movements and the correlation of these price movements. Models areregularly reviewed against actual fair value movements to ensure integrity is maintained. The VAR year-end positions in respect of commodities traded inactive markets, whichare presented in the table below, are calculated on a diversified basis in order to reflect the effect of offsetting risk withincombined portfolios.", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4065": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4065, + "paragraph": "Global oil North America gas and power Europe gas and power Carbon-emission rights", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4066": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4066, + "paragraph": "$ million December 31, 2018 28 11 3 2", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4067": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4067, + "paragraph": "Credit risk Policies are in place to ensure that sales of products are made to customers with appropriate creditworthiness. These policies include detailed credit analysis and monitoring of trading partners against counterparty credit limits. Credit information is regularly shared between business and finance functions, with dedicated teams in place to quickly identify and respond to cases of credit deterioration. Mitigation measures are defined and implemented for high-risk business partners and customers, and include shortened payment terms, collateral or other security posting and vigorous collections. In addition, policies limit the amount of credit exposure to any individual financial institution. There are no material concentrations of creditrisk, with individual customers or geographically, and there has been no significant level of counterparty default in recent years. ", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4068": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4068, + "paragraph": "Surplus cash is invested in a range of short-dated, secure and liquid instruments including short-term bank deposits, money market funds, reverse repos and similar instruments. The portfolio of these investments is diversified to avoid concentrating risk in any one instrument, country or counterparty. Management monitors the investments regularly and adjusts the investment portfolio in light of new market information where necessary to ensure creditrisk is effectively diversified. ", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4069": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4069, + "paragraph": "In commodity trading, counterparty credit risk is managed within a framework of credit limits with utilisation being regularly reviewed. Credit risk exposure is monitored and the acceptable level is determined by a credit committee. Credit checks are performed by a department independent of traders, and are undertaken before contractual commitment. Where appropriate, netting arrangements, credit insurance, prepayments and collateral are used to manage specific risks. ", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4070": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4070, + "paragraph": "Shell routinely enters into offsetting, master netting and similar arrangements with trading and other counterparties to manage credit risk. Where there is a legally enforceable right of offset under such arrangements and Shell has the intention to settle on a net basis or realise the asset and settle the liability simultaneously, the net asset or liability is recognised in the Consolidated Balance Sheet, otherwise assets and liabilities are presented gross. These amounts, as presented net and gross within trade and other receivables, trade and other payables and derivative financial instruments in the Consolidated Balance Sheet at December31, were as follows: ", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4071": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4071, + "paragraph": "Within trade receivables Within derivative financial instruments", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4072": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4072, + "paragraph": "Within trade payables Within derivative financial instruments", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4073": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4073, + "paragraph": "Gross amounts before offset", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4074": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4074, + "paragraph": "Amounts offset Net amounts as presented", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4075": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4075, + "paragraph": "Cash collateral received/pledged", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4076": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4076, + "paragraph": "Amounts not offset Other offsetting instruments", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + }, + "4077": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4077, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 231, + "start_index_page": 4060, + "last_index_page": 4077 + } + }, + "232": { + "4078": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4078, + "paragraph": "Gross amounts before offset", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4079": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4079, + "paragraph": "Amounts offset Net amounts as presented", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4080": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4080, + "paragraph": "Cash collateral received/pledged", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4081": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4081, + "paragraph": "Amounts not offset Other offsetting instruments", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4082": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4082, + "paragraph": "Within trade receivables Within derivative financial instruments", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4083": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4083, + "paragraph": "Within trade payables Within derivative financial instruments", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4084": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4084, + "paragraph": "Amounts not offset principally relate to contracts where the intention to settle on a net basis was not clearly established at December31. ", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4085": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4085, + "paragraph": "The carrying amount of financial assets pledged as collateral for liabilities or contingent liabilities at December 31, 2019, presented within trade and other receivables, was $1,948 million (2018: $3,094 million). The carrying amount of collateral held at December 31, 2019, presented within trade and other payables, was $718 million (2018: $535 million). Collateral mainly relates to initial margins held with commodity exchanges and over-the-counter counterparty variation margins. Some derivative contracts are fully cash collateralised, thereby eliminating both counterparty risk and the Group\u2019s own non-performance risk", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4086": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4086, + "paragraph": "Liquidity risk Liquidity risk is the risk that suitable sources of funding for Shell\u2019s business activities may not be available. Management believes that it has access to sufficient debt funding sources (capital markets), and to undrawn committed borrowing facilities to meet foreseeable requirements. Information about borrowing facilities is presented in Note 14. ", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4087": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4087, + "paragraph": "DERIVATIVE CONTRACTS AND HEDGES Derivative contracts are used principally as hedging instruments, however, because hedge accounting is not always applied, movements in the carrying amounts of derivative contracts that are recognised in income are not always matched in the same period by the recognition of the income effects of the related hedged items. ", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4088": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4088, + "paragraph": "Carrying amounts, maturities and hedges The carrying amounts of derivative contracts at December31, designated and not designated as hedging instruments for hedge accounting purposes, were as follows:", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4089": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4089, + "paragraph": "Interest rate swaps Forward foreign exchange contracts Currency swaps and options Commodity derivatives Other contracts Total", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4090": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4090, + "paragraph": "Interest rate swaps Forward foreign exchange contracts Currency swaps and options Commodity derivatives Other contracts Total", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4091": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4091, + "paragraph": "Not designated 8 236 15 6,914 341 7,514", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4092": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4092, + "paragraph": "Not designated 3 331 26 6,864 271 7,495", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4093": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4093, + "paragraph": "Total 235 243 105 6,914 341 7,838", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4094": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4094, + "paragraph": "Total 89 331 212 6,864 271 7,767", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4095": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4095, + "paragraph": "Designated 174 33 1,202 \u2013 \u2013 1,409", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4096": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4096, + "paragraph": "Not designated 24 309 56 5,281 \u2013 5,670", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4097": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4097, + "paragraph": "Not designated 14 264 203 6,637 56 7,174", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4098": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4098, + "paragraph": "Total 58 311 988 5,281 \u2013 6,638", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4099": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4099, + "paragraph": "Total 188 297 1,405 6,637 56 8,583", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4100": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4100, + "paragraph": "Net 177 (68) (883) 1,633 341 1,200", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + }, + "4101": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4101, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 232, + "start_index_page": 4078, + "last_index_page": 4101 + } + }, + "233": { + "4102": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4102, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4103": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4103, + "paragraph": "19 \u2013 FINANCIALINSTRUMENTS continued Net losses before tax on derivative contracts, excluding realised commodity contracts and those accounted for as hedges, were $2,004 million in 2019 (2018: $1,818 million losses; 2017: $1,321 million losses).", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4104": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4104, + "paragraph": "Certain contracts, mainly to hedge price risk relating to forecast commodity transactions which mature in 2020-2021, were designated in cash flow hedging relationships. The net carrying amount of commodity derivative contracts designated as cash flow hedging instruments at December31, 2019, was a liability of $101 million (2018: $120 million asset) (see Note 22), and was presented after the offset of related margin balances maintained with exchanges.", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4105": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4105, + "paragraph": "Certain interest rate and currency swaps were designated in fair value hedges, principally in respect of debt for which the net carrying amount of the related derivative contracts, net of accrued interest, at December31, 2019, was a liability of $518 million (2018: $1,242 million).", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4106": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4106, + "paragraph": "In the course of trading operations, certain contracts are entered into for delivery of commodities that are accounted for as derivatives. The resulting price exposures are managed by entering into related derivative contracts. These contracts are managed on a fair value basis and the maximum exposure to liquidity risk is the undiscounted fair value of derivative liabilities. ", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4107": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4107, + "paragraph": "For a minority of commodity derivative contracts, carrying amounts cannot be derived from quoted market prices or other observable inputs, in which case fair value is estimated using valuation techniques such as Black-Scholes, option spread models and extrapolation using quoted spreads with assumptions developed internally based on observable market activity. ", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4108": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4108, + "paragraph": "Other contracts include certain contracts that are held to sell or purchase commodities and others containing embedded derivatives, which are required to be recognised at fair value because of pricing or delivery conditions, even though they were entered into to meet operational requirements. These contracts are expected to mature in 2020-2025, with certain contracts having early termination rights (for either party). Valuations are derived from quoted market prices.", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4109": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4109, + "paragraph": "The contractual maturities of derivative liabilities at December31 compare with their carrying amounts in the Consolidated Balance Sheet as follows:", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4110": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4110, + "paragraph": "Contractual maturities", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4111": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4111, + "paragraph": "Less than 1 year 35 214 255 3,472 3,976", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4112": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4112, + "paragraph": "Between 1 and 2 years 8 40 475 756 1,279", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4113": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4113, + "paragraph": "Between 2 and 3 years 4 8 444 349 805", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4114": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4114, + "paragraph": "Between 3 and 4 years 4 \u2013 201 189 394", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4115": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4115, + "paragraph": "Between 4 and 5 years 5 118 204 123 450", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4116": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4116, + "paragraph": "5 years andlater 4 \u2013 1,777 511 2,292", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4117": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4117, + "paragraph": "Difference from carrying amount [A] (2) (69) (2,368) (119) (2,558)", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4118": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4118, + "paragraph": "Total 60 380 3,356 5,400 9,196", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4119": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4119, + "paragraph": "Contractual maturities", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4120": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4120, + "paragraph": "Less than 1 year 101 177 605 4,733 58 5,674", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4121": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4121, + "paragraph": "Between 1 and 2 years 68 (24) 265 978 \u2013 1,287", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4122": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4122, + "paragraph": "Between 2 and 3 years 20 33 474 422 \u2013 949", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4123": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4123, + "paragraph": "Between 3 and 4 years 1 (1) 405 213 \u2013 618", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4124": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4124, + "paragraph": "Between 4 and 5 years 1 (5) 198 138 \u2013 332", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4125": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4125, + "paragraph": "5 years andlater 1 (15) 1,715 382 \u2013 2,083", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4126": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4126, + "paragraph": "Difference from carrying amount [A] (4) 132 (2,257) (229) (2) (2,360)", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4127": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4127, + "paragraph": "Total 192 165 3,662 6,866 58 10,943", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4128": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4128, + "paragraph": "Carrying amount 58 311 988 5,281 6,638", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4129": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4129, + "paragraph": "Carrying amount 188 297 1,405 6,637 56 8,583", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4130": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4130, + "paragraph": "Interest rate swap Forward foreign exchange contracts Currency swaps and options Commodity derivatives Total [A] Mainly related to the effect of discounting. ", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4131": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4131, + "paragraph": "Interest rate swap Forward foreign exchange contracts Currency swaps and options Commodity derivatives Other contracts Total [A] Mainly related to the effect of discounting. ", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + }, + "4132": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4132, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 233, + "start_index_page": 4102, + "last_index_page": 4132 + } + }, + "234": { + "4133": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4133, + "paragraph": "Fair value measurements The net carrying amounts of derivative contracts held at December31, categorised according to the predominant source and nature of inputs used indetermining the fair value of each contract, were as follows: ", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4134": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4134, + "paragraph": "Interest rate swaps Forward foreign exchange contracts Currency swaps and options Commodity derivatives Other contracts Total", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4135": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4135, + "paragraph": "Interest rate swaps Forward foreign exchange contracts Currency swaps and options Commodity derivatives Other contracts Total", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4136": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4136, + "paragraph": "Prices in active markets for identical assets/liabilities \u2013 \u2013 \u2013 (6) 27 21", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4137": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4137, + "paragraph": "Prices in active markets for identical assets/liabilities \u2013 \u2013 \u2013 (52) \u2013 (52)", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4138": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4138, + "paragraph": "Other observable inputs 177 (68) (883) 895 304 425", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4139": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4139, + "paragraph": "Unobservable inputs \u2013 \u2013 \u2013 744 10 754", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4140": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4140, + "paragraph": "Other observable inputs (99) 34 (1,193) 431 90 (737)", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4141": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4141, + "paragraph": "Unobservable inputs \u2013 \u2013 \u2013 (152) 125 (27)", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4142": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4142, + "paragraph": "Net carrying amounts of derivative contracts measured using predominantly unobservable inputs", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4143": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4143, + "paragraph": "At January 1 Net gains/(losses) recognised in revenue Purchases Sales Recategorisations (net) Currency translation differences At December 31", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4144": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4144, + "paragraph": "2019 (27) 1,085 453 (633) (125) 1 754", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4145": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4145, + "paragraph": "Included in net gains recognised in revenue in 2019 were unrealised net gains totalling $612 million relating to assets and liabilities held at December31,2019 (2018: $36 million losses).", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4146": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4146, + "paragraph": "Total 177 (68) (883) 1,633 341 1,200", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4147": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4147, + "paragraph": "Total (99) 34 (1,193) 227 215 (816)", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4148": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4148, + "paragraph": "$ million 2018 297 (258) 461 (540) 18 (5) (27)", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + }, + "4149": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4149, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 234, + "start_index_page": 4133, + "last_index_page": 4149 + } + }, + "235": { + "4150": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4150, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4151": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4151, + "paragraph": "Issued and fully paid ordinary shares of \u20ac0.07 each[A]", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4152": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4152, + "paragraph": "At January 1, 2019 Repurchases of shares At December 31, 2019 At January 1, 2018 Repurchases of shares At December 31, 2018 [A] Share capital at December31, 2019, and 2018, also included 50,000 issued and fully paid sterling deferred shares of 1 each. ", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4153": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4153, + "paragraph": "A 4,471,889,296 (320,101,779) 4,151,787,517 4,597,136,050 (125,246,754) 4,471,889,296", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4154": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4154, + "paragraph": "Number of shares B 3,745,486,731 (16,079,624) 3,729,407,107 3,745,486,731 \u2013 3,745,486,731", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4155": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4155, + "paragraph": "Nominal value ($ million) Total 685 (28) 657 696 (11) 685", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4156": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4156, + "paragraph": "At the Company\u2019s Annual General Meeting (\u201cAGM\u201d) on May21, 2019, the Board was authorised to allot ordinary shares in the Company, and to grantrights to subscribe for or to convert any security into ordinary shares in the Company, up to an aggregate nominal amount of \u20ac190.3 million (representing 2,720 million ordinary shares of \u20ac0.07 each), and to list such shares or rights on any stock exchange. This authority expires at the earlierofthe close ofbusiness on August 21, 2020, and the end of the AGM to be held in 2020, unless previously renewed, revoked or varied bytheCompanyin a generalmeeting. ", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4157": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4157, + "paragraph": "At the May 21, 2019 AGM, shareholders granted the Company the authority to repurchase up to 815 million ordinary shares (excluding any treasury shares), renewing the authority granted by the shareholders at previous AGMs. The authority will expire at the earlier of the close of business on August 21, 2020, and the end of the AGM of the Company to be held in 2020. Ordinary shares purchased by the Company pursuant to this authority will either be cancelled or held in treasury. Treasury shares are shares in the Company which are owned by the Company itself. The minimum price, exclusive of expenses, which may be paid for an ordinary share is \u20ac0.07. The maximum price, exclusive of expenses, which may be paid for an ordinary share is the higher of: (i) an amount equal to 5% above the average market value for an ordinary share for the five business days immediately preceding the date of the purchase; and (ii) the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out. ", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4158": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4158, + "paragraph": "21\u2013 SHARE-BASEDCOMPENSATION PLANSANDSHARESHELDINTRUST", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4159": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4159, + "paragraph": "Share-based compensation expense", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4160": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4160, + "paragraph": "$ million 2017 Equity-settled 422 Cash-settled [A] 380 Total 802 [A] As from 2018 onwards, components of share-based payments (related to tax) that were previously classified as cash-settled are classified as equity-settled. On an incidental basis awards may be ", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4161": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4161, + "paragraph": "cash settled, where an equity settlement is not possible under local regulations. ", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4162": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4162, + "paragraph": "The principal share-based employee compensation plans are the PSP and LTIP. Awards of shares and American Depository Shares (\u201cADSs\u201d) of the Company under the PSP and LTIP are granted upon certain conditions to eligible employees. The actual amount of shares that may vest ranges from 0%to 200% of the awards, depending on the outcomes of prescribed performance conditions over a three-year period beginning on January1 of theaward year. Shares and ADSs vest for nil consideration. ", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4163": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4163, + "paragraph": "Share awards under the PSP and LTIP", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4164": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4164, + "paragraph": "At January 1, 2019 Granted Vested Forfeited At December 31, 2019 At January 1, 2018 Granted Vested Forfeited At December 31, 2018", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4165": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4165, + "paragraph": "Number of A shares (million) 30 11 (11) (1) 29 33 10 (12) (1) 30", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4166": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4166, + "paragraph": "Number of B shares (million) 12 3 (5) \u2013 10 12 4 (4) \u2013 12", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4167": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4167, + "paragraph": "Number of A ADSs (million) 8 3 (3) \u2013 8 9 3 (4) \u2013 8", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4168": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4168, + "paragraph": "Weighted Average remaining contractual life (years) 1.0", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + }, + "4169": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4169, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 235, + "start_index_page": 4150, + "last_index_page": 4169 + } + }, + "236": { + "4170": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4170, + "paragraph": "Other plans offer eligible employees opportunities to acquire shares and ADSs of the Company or receive cash benefits measured by reference to theCompany\u2019s share price. ", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4171": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4171, + "paragraph": "Shell employee share ownership trusts and trust-like entities purchase the Company\u2019s shares in the open market to meet delivery commitments under employee share plans. At December31, 2019, they held 17.4 million A shares (2018: 19.6 million), 6.5 million B shares (2018:7.1 million) and 5.3 million AADSs (2018: 5.9 million). ", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4172": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4172, + "paragraph": "Other reserves attributable to Royal Dutch Shell plc shareholders", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4173": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4173, + "paragraph": "At January 1, 2019 Other comprehensive loss attributable to Royal Dutch Shell plc shareholders Transfer from other comprehensive income Repurchases of shares Share-based compensation At December 31, 2019 At January 1, 2018 (as previously published) Impact of IFRS 9 At January 1, 2018 (as revised) Other comprehensive income attributable to Royal Dutch Shell plc shareholders Transfer from other comprehensive income Repurchases of shares Share-based compensation At December 31, 2018 At January 1, 2017 Other comprehensive loss attributable to Royal Dutch Shell plc shareholders Scrip dividends Share-based compensation At December 31, 2017", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4174": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4174, + "paragraph": "Share premium reserve 154", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4175": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4175, + "paragraph": "Capital redemption reserve 95", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4176": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4176, + "paragraph": "Accumulated other comprehensive income (22,030)", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4177": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4177, + "paragraph": "(2,069) (74) \u2013 \u2013 (24,173) (22,044) (138) (22,182)", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4178": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4178, + "paragraph": "(2,069) (74) 28 (49) 14,451 16,932 (138) 16,794", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4179": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4179, + "paragraph": "1,123 (971) 11 (342) 16,615 11,298", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4180": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4180, + "paragraph": "The merger reserve and share premium reserve were established as a consequence of the Company becoming the single parent company of Royal Dutch Petroleum Company and The \u201cShell\u201d Transport and Trading Company, plc, now The Shell Transport and Trading Company Limited, in 2005. Thecapital redemption reserve was established in connection with repurchases of shares of the Company. The share plan reserve is in respect of equity-settled share-based compensation plans (see Note 21). The movement represents the net of the charge for the year and the release as a resultofvested awards and is after deduction of tax of $45 million in 2019 (2018: $71 million; 2017: $11 million). ", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + }, + "4181": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4181, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 236, + "start_index_page": 4170, + "last_index_page": 4181 + } + }, + "237": { + "4182": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4182, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4183": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4183, + "paragraph": "22\u2013 OTHERRESERVES continued Accumulated other comprehensive income comprises the following:", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4184": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4184, + "paragraph": "Accumulated other comprehensive income attributable to Royal Dutch Shell plc shareholders ", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4185": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4185, + "paragraph": "At January 1, 2019 Recognised in other comprehensive income Reclassified to income Reclassified to the balance sheet Reclassified to retained earnings Tax on amounts recognised/reclassified Total, net of tax Share of joint ventures and associates Other comprehensive income/(loss) for the period Less: non-controlling interest Attributable to Royal Dutch Shell plc shareholders At December 31, 2019 At January 1, 2018 (as previouslypublished) Impact of IFRS 9 At January 1, 2018 (as revised) Recognised in other comprehensive income Reclassified to income Reclassified to the balance sheet Reclassified to retained earnings Tax on amounts recognised/reclassified Total, net of tax Share of joint ventures and associates Other comprehensive loss for the period Less: non-controlling interest Attributable to Royal Dutch Shell plc shareholders At December 31, 2018 At January 1, 2017 Recognised in other comprehensive income Reclassified to income Reclassified to the balance sheet Tax on amounts recognised/reclassified Total, net of tax Share of joint ventures and associates Other comprehensive income/(loss) for the period Less: non-controlling interest Attributable to Royal Dutch Shell plc shareholders At December 31, 2017", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4186": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4186, + "paragraph": "Currency translation differences (11,747) 302 38 \u2013 \u2013 4 344 (2) 342 (35) 307 (11,440) (8,735) \u2013 (8,735) (3,794) 651 \u2013 \u2013 (29) (3,172) (25) (3,197) 185 (3,012) (11,747) (13,831) 4,513 610 \u2013 33 5,156 53 5,209 (113) 5,096 (8,735)", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4187": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4187, + "paragraph": "Unrealised gains/ (losses) on securities", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4188": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4188, + "paragraph": "1,321 796 (211) \u2013 8 593 55 648 \u2013 648 1,969", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4189": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4189, + "paragraph": "Debt instruments remeasurements (21) 24 5 \u2013 \u2013 \u2013 29 \u2013 29 \u2013 29 8 \u2013 (6) (6) (15) \u2013 \u2013 \u2013 \u2013 (15) \u2013 (15) \u2013 (15) (21) \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4190": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4190, + "paragraph": "Cash flow and net investment hedging gains/(losses) 117 (579) 268 11 \u2013 33 (267) (74) (341) \u2013 (341) (224) (633) 6 (627) 50 722 (30) \u2013 (12) 730 14 744 \u2013 744 117 (144) (467) (87) (18) 20 (552) 63 (489) \u2013 (489) (633)", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4191": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4191, + "paragraph": "Deferred cost of hedging (353) 9 86 \u2013 \u2013 (29) 66 \u2013 66 \u2013 66 (287) \u2013 (144) (144) (362) 95 \u2013 \u2013 58 (209) \u2013 (209) \u2013 (209) (353) \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4192": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4192, + "paragraph": "Retirement benefits remeasurements (10,932) (3,106) \u2013 \u2013 11 1,004 (2,091) \u2013 (2,091) \u2013 (2,091) (13,023) (14,645) \u2013 (14,645) 5,213 \u2013 \u2013 137 (1,625) 3,725 1 3,726 (13) 3,713 (10,932) (15,241) 1,467 \u2013 \u2013 (863) 604 (1) 603 (7) 596 (14,645)", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4193": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4193, + "paragraph": "Equity instrument remeasurements", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4194": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4194, + "paragraph": "Total 906 (22,030) (3,367) (17) \u2013 397 11 \u2013 (74) (85) 999 (13) (115) (2,034) (74) 2 (2,108) (113) (35) \u2013 (113) (2,143) (24,173) 793 \u2013 (22,044) (138) (22,182) 945 1,468 (30) (971) (1,614) (202) 183 (19) 171 152 906 (22,030) \u2013 (27,895) \u2013 6,309 312 \u2013 (18) \u2013 (802) \u2013 \u2013 5,801 170 \u2013 5,971 \u2013 \u2013 (120) \u2013 5,851 \u2013 (22,044)", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4195": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4195, + "paragraph": "1,975 1,975 (147) \u2013 \u2013 (1,108) (6) (1,261) 193 (1,068) (1) (1,069)", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + }, + "4196": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4196, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 237, + "start_index_page": 4182, + "last_index_page": 4196 + } + }, + "238": { + "4197": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4197, + "paragraph": "Cash: $1.88 per share (2018: $1.88; 2017: $1.88) Scrip: none (2018: none; 2017: $1.88 per share)", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4198": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4198, + "paragraph": "Cash: $1.88 per share (2018: $1.88; 2017: $1.88) Scrip: none (2018: none; 2017: $1.88 per share)", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4199": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4199, + "paragraph": "In addition, on January 30, 2020, the Directors announced a further interim dividend in respect of 2019 of $0.47 per A share and $0.47 per Bshare. The total dividend is estimated to be $3,691 million and is payable on March23, 2020, to shareholders on the register at February14, 2020. The Scrip Dividend Programme has been cancelled with effect from the fourth quarter 2017 interim dividend. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4200": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4200, + "paragraph": "Dividends on A shares are by default paid in euros, although holders may elect to receive dividends in US dollars or in sterling. Dividends on B shares areby default paid in sterling, although holders may elect to receive dividends in US dollars or in euros. Dividends on ADSs are paid in dollars. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4201": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4201, + "paragraph": "Income attributable to Royal Dutch Shell plc shareholders ($ million) Weighted average number of A and B shares used as the basis for determining:", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4202": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4202, + "paragraph": "Basic earnings per share (million) Diluted earnings per share (million)", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4203": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4203, + "paragraph": "Basic earnings per share are calculated by dividing the income attributable to Royal Dutch Shell plc shareholders for the year by the weighted averagenumber of A and B shares outstanding during the year. The weighted average number of shares outstanding excludes shares held in trust. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4204": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4204, + "paragraph": "Diluted earnings per share are based on the same income figures. The weighted average number of shares outstanding during the year is increased bydilutive shares related to share-based compensation plans. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4205": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4205, + "paragraph": "Earnings per share are identical for A and B shares. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4206": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4206, + "paragraph": "25 \u2013 LEGAL PROCEEDINGS AND OTHER CONTINGENCIES General In the ordinary course of business, Shell subsidiaries are subject to a number of contingencies arising from litigation and claims brought by governmental, including tax authorities, and private parties. The operations and earnings of Shell subsidiaries continue, from time to time, to be affected to varying degrees by political, legislative, fiscal and regulatory developments, including those relating to the protection of the environment and indigenous groups in the countries in which they operate. The industries in which Shell subsidiaries are engaged are also subject to physical risks of various types. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4207": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4207, + "paragraph": "The amounts claimed in relation to such events and, if such claims against Shell were successful, the costs of implementing the remedies sought in the various cases could be substantial. Based on information available to date and taking into account that in some cases it is not practicable to estimate ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4208": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4208, + "paragraph": "the possible magnitude or timing of any resultant payments, management believes that the foregoing are not expected to have a material adverse impact on Shell\u2019s Consolidated Financial Statements. However, there remains a high degree of uncertainty around these contingencies, as well as their potential effect on future operations, earnings, cash flows and Shell\u2019s financial condition. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4209": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4209, + "paragraph": "In certain divestment transactions, liabilities related to dismantling and restoration are de-recognised upon transfer of these obligations to the buyer. For certain of these obligations Shell has issued guarantees to third parties and continues to be liable in case that the primary obligator is not able to meet its obligation. These potential obligations arising from issuance of these guarantees are assessed to be remote. ", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + }, + "4210": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4210, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 238, + "start_index_page": 4197, + "last_index_page": 4210 + } + }, + "239": { + "4211": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4211, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4212": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4212, + "paragraph": "Pesticide litigation Shell Oil Company (\u201cSOC\u201d), along with another agricultural chemical pesticide manufacturer and several distributors, has been sued by public and quasi-public water purveyors alleging responsibility for groundwater contamination caused by applications of chemical pesticides. There are approximately 36 such cases currently pending. These suits assert various theories of strict liability and negligence, and seek to recover actual damages, including drinking well treatment and remediation costs. Most assert claims for punitive damages. While the Company continues to vigorously defend these lawsuits, a new environmental regulatory standard became effective in the State of California, where a majority of the suits are pending. The new standard requires public water systems state wide to perform quarterly or monthly sampling of their drinking water sources for a chemical contained in certain pesticides, beginning in January 2018. Water systems deemed out of compliance with the new five parts per trillion regulatory standard must take corrective action to resolve the exceedance or take the potable water source out of service. In response to this new regulatory standard, the Company is monitoring the sampling results to determine the number of wells potentially impacted. Based on the claims asserted and SOC\u2019s track record, with regard to amounts paid to resolve varying claims, management does not expect the outcome of these lawsuits pending at December 31, 2019, to have a material adverse impact on Shell. However, there remains a high degree of uncertainty regarding the potential outcome of some of these pending lawsuits, as well as their potential effect on future operations, earnings, cash flows and Shell\u2019s financial condition. ", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4213": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4213, + "paragraph": "Climate change litigation In the USA, 12 lawsuits have been filed by several municipalities and onestate against oil and gas companies, including Royal Dutch Shell plc. Theplaintiffs seek damages for claimed harm to their public and private infrastructure from rising sea levels allegedly due to climate change caused by the defendants\u2019 fossil fuel products. A similar suit has been filed by a crab fishing industry group claiming harm to their fisheries as a result of alleged ocean-related impacts of climate change. In the Netherlands a case has been filed against Shell by a group of environmental non- governmental organisations (\u201ceNGOs\u201d) and individual claimants seeking a court order that Shell reduce by (net) 100% by 2050 the emissions associated with its business activities and products. Management believes the outcome of these matters should be resolved in a manner favourable to Shell, however, there remains a high degree of uncertainty regarding the ultimate outcome of these lawsuits, as well as their potential effect on future operations, earnings, cash flows and Shell\u2019s financial condition. ", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4214": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4214, + "paragraph": "Brazil tax Pursuant to Law 7.183/2015 issued by the State of Rio de Janeiro (RJ State) and effective March 2016, a value-added levy has been imposed on oil extraction in the RJ State. The Company understands that the obligations arising from this law are not legally sustainable and Shell obtained favourable injunctions suspending the enforcement of the law in two separate lawsuits, one filed to cover year 2016 and the other covering year 2017 onwards. The injunctions remain in effect and Shell received favourable decisions on the subject matter from the RJ State Court. TheRJState has appealed against both decisions and one is pending confirmation by the State Court while the other is pending final decisionsby the Brazilian Superior and Supreme Courts. In addition, andas this is an industry-wide issue, the Brazilian Association of Oil andGas Exploration and Production Companies, of which Shell is a member, filed a suit in February 2016 before the Brazilian Supreme Court,challenging the constitutionality of the law. This matter is currentlypending with the Supreme Court. Should Shell be required topay such a levy, it could result in a potential total liability of approximately $5,275 million asof end 2019. ", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4215": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4215, + "paragraph": "Louisiana coast litigation The State of Louisiana and multiple local governments have initiated 43 lawsuits against 200+ Oil and Gas companies claiming historical oil and gas operations caused or contributed to wide-spread contamination, land loss and the erosion of the Louisiana coastline. Shell entities are named in 14 of the suits. The amounts claimed are unspecified. The cases are of first impression, arise out of an untested 1980 Louisiana statute and represent a novel attempt to render illegal operations that federal and state agencies permitted and authorized at the time. Management believes theoutcome of these matters should be resolved in a manner favourableto Shell; there remains a high degree of uncertainty, however, concerning the scope of the claims and the ultimate outcome, as well astheir potential effect on future operations, earnings, cash flows andShell\u2019sfinancial condition.", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4216": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4216, + "paragraph": "Nigerian litigation Shell subsidiaries and associates operating in Nigeria are parties to various environmental and contractual disputes brought in the courts of Nigeria, England and the Netherlands. These disputes are at different stages in litigation, including at the appellate stage, where judgements have been rendered against Shell entities. If taken at face value, the aggregate amount of these judgements could be seen as material. Management, however, believes that the outcomes of these matters will ultimately be resolved in a manner favourable to Shell. However, there remains a high degree of uncertainty regarding these cases, as well as their potential effect on future operations, earnings, cash flows and Shell\u2019sfinancial condition. ", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4217": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4217, + "paragraph": "The authorities in various countries are investigating Shell Nigeria Exploration and Production Company Ltd.\u2019s (\u201cSNEPCO\u2019s\u201d) investment inNigerian oil block OPL 245 and the 2011 settlement of litigation pertaining to that block with regard to potential anti-bribery, anti- corruption and anti-money laundering laws. ", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4218": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4218, + "paragraph": "On January 27, 2017, the Nigeria Federal High Court issued an Interim Order of Attachment for Oil Prospecting Licence 245 (\u201cOPL 245\u201d), pending the conclusion of the investigation. SNEPCO applied for and was granted a discharge of this order on constitutional and procedural grounds. Also in Nigeria, in March 2017 criminal charges alleging official corruption and conspiracy to commit official corruption were filed against SNEPCO, one current Shell employee and third parties including ENI SpA and one of its subsidiaries. Those proceedings are ongoing. In January 2020, criminal charges alleging disobeying direction of law were filed in Nigeria against Shell Nigeria Ultra Deep Ltd., SNEPCO, and third parties including Nigeria Agip Exploration Limited. Those proceedings are ongoing. In March 2017, parties alleging to be shareholders of Malabu Oil and Gas Company Ltd. (Malabu) filed two actions to challenge the 2011 settlement and the award of OPL 245 to SNEPCO and an ENI SpA subsidiary by the Federal Government of Nigeria. Those proceedings are also ongoing. On May 8, 2018, Human Environmental Development Agenda (\u201cHEDA\u201d) sought permission from the Federal High Court of Nigeria to apply for an order to direct the Attorney General of the Federation to revoke OPL 245 on grounds that the entire Malabu transaction in relation to the OPL is unconstitutional, illegal and void as it was obtained through fraudulent and corrupt practice. On October 4, 2018, SNEPCO was joined as a defendant in the HEDA action. Those proceedings are ongoing. On December 12, 2018, the Federal Republic ofNigeria issued a claim form in the UK against Shell and six subsidiaries, ENI SpA and two of its subsidiaries, Malabu as well as two other entities for the amount of $1,092 million plus damages for having participated in afraudulent and corrupt scheme leading to the acquisition by Shell and ENI corporate defendants in 2011 of OPL 245. The Shell entities were served in April and May 2019. The Shell entities and other defendants have challenged the jurisdiction of the English courts to try the claims and a hearing is scheduled for April 2020. On February 14, 2017, Royal Dutch Shell plc received a notice of request for indictment from the Milan public ", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + }, + "4219": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4219, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 239, + "start_index_page": 4211, + "last_index_page": 4219 + } + }, + "240": { + "4220": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4220, + "paragraph": "In February 2019, we were informed by the Dutch Public Prosecutor\u2019s Office (\u201cDPP\u201d) that they were nearing the conclusion of their investigation and preparing to prosecute Royal Dutch Shell plc for criminal charges directly or indirectly related to the 2011 settlement of disputes over OPL 245 in Nigeria. On October 2, 2019 the U.S. Department of Justice (\u201cDOJ\u201d) informed Shell that it was closing its inquiry into Shell in relation toOPL 245. We understand that the decision was based on the facts available to the DOJ, including ongoing legal proceedings in Europe. ", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4221": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4221, + "paragraph": "There remains a high degree of uncertainty around the OPL 245 matters and contingencies discussed above, as well as their potential effect on future operations, earnings, cash flows and Shell\u2019s financial condition. Accordingly, at this time, it is not practicable to estimate the magnitude and timing of any possible obligations or payments. Any violation of the US Foreign Corrupt Practices Act or other relevant anti-bribery, anti- corruption or anti-money laundering legislation could have a material adverse effect on Royal Dutch Shell plc\u2019s earnings, cash flows and financial condition.", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4222": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4222, + "paragraph": "prosecutor with respect to this matter. On December 20, 2017, Royal Dutch Shell plc along with four former Shell employees including one former executive were remanded to trial in Milan. On May 14, 2018, a trial commenced in the Court of Milan. On September 18, 2018, Shell was joined to the proceedings as the civilly responsible party (responsabile civile) for the damages caused by the alleged illegal acts of the four former Shell employees. Three other Shell entities (Shell UK Ltd, Shell Petroleum Development Company of Nigeria Ltd. and Shell Exporation and Production Africa Ltd. ) also joined the proceedings but were denied status as responsabile civile for their respective former employees at that phase of the proceedings. The trial is ongoing with closing arguments scheduled to begin on March 25, 2020. Based on Shell\u2019s review of the Prosecutor of Milan\u2019s file and all the information and facts currently available to Shell, management does notbelieve that there is a basis to convict Shell in Milan. Furthermore, management is not aware of any evidence to convict any former or current Shell employee in Milan. ", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4223": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4223, + "paragraph": "On September 20, 2018, a guilty judgement was filed by the Milan Judge of the Preliminary Hearing in a separate OPL 245 fast track trial of two individuals, neither of whom worked on behalf of Shell. That decision is under appeal.", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4224": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4224, + "paragraph": "Remuneration Social security contributions Retirement benefits (see Note 17) Share-based compensation (see Note 21) Total [A] [A] Excludes employees seconded to joint ventures and associates.", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4225": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4225, + "paragraph": "Average employee numbers ", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4226": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4226, + "paragraph": "2019 10,075 844 1,753 537 13,209", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4227": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4227, + "paragraph": "2018 10,167 810 1,878 531 13,386", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4228": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4228, + "paragraph": "$ million 2017 10,855 844 1,815 802 14,316", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4229": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4229, + "paragraph": "Thousand 2017 8 16 42 19 85", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4230": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4230, + "paragraph": "Integrated Gas Upstream Downstream Corporate [A] Total [B] [A] Includes all employees working in business service centres irrespective of the segment they support. [B] Excludes employees seconded to joint ventures and associates (2019: 3,000 employees, 2018: 3,000 employees, 2017: 3,000 employees). ", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4231": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4231, + "paragraph": "27\u2013 DIRECTORSANDSENIORMANAGEMENT", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4232": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4232, + "paragraph": "Remuneration of Directors of the Company ", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4233": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4233, + "paragraph": "Emoluments Value of released awards under long-term incentive plans Employer contributions to pension plans", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4234": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4234, + "paragraph": "Emoluments comprise salaries and fees, annual bonuses (for the period for which performance is assessed) and other benefits. The value of released awards under long-term incentive plans for the period is in respect of the performance period ending in that year. In 2019, retirement benefits were accrued in respect of qualifying services under defined benefit plans by two Directors. ", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4235": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4235, + "paragraph": "Further information on the remuneration of the Directors can be found in the Directors\u2019 Remuneration Report on pages 135-138. ", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + }, + "4236": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4236, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 240, + "start_index_page": 4220, + "last_index_page": 4236 + } + }, + "241": { + "4237": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4237, + "paragraph": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS continued", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4238": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4238, + "paragraph": "27\u2013 DIRECTORSANDSENIORMANAGEMENT continued", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4239": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4239, + "paragraph": "Directors and Senior Management expense", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4240": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4240, + "paragraph": "Short-term benefits Retirement benefits Share-based compensation Termination and related amounts Total", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4241": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4241, + "paragraph": "Directors and Senior Management comprise members of the Executive Committee and the Non-executive Directors of the Company. ", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4242": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4242, + "paragraph": "Short-term benefits comprise salaries and fees, annual bonuses delivered in cash and shares (for the period for which performance is assessed), other benefits and employer social security contributions. ", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4243": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4243, + "paragraph": "28\u2013 AUDITOR\u2019SREMUNERATION ", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4244": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4244, + "paragraph": "Fees in respect of the audit of the Consolidated and Parent Company Financial Statements, including audit of consolidation returns Other audit fees, principally in respect of audits of accounts of subsidiaries Total audit fees Audit-related fees Fees in respect of other non-audit services Total", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4245": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4245, + "paragraph": "In addition, the auditor provided audit services to retirement benefit plans for employees of subsidiaries. Remuneration paid by those benefit plans amounted to $1 million in 2019 (2018: $1 million; 2017: $1 million). ", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4246": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4246, + "paragraph": "29 \u2013 POST-BALANCE SHEET EVENTS On February 27, 2020 the fully-consolidated Shell Midstream Partners, L.P. (\u201cSHLX\u201d) signed an agreement with its Shell-controlled general partner to eliminate all incentive distribution rights and economic general partner interest in SHLX and convert the general partner\u2019s two per cent general partner interest in SHLX into a non-economic general partner interest in SHLX. SHLX has also entered into a Purchase and Sale Agreement with Shell affiliates toacquire our 79% interest in the Mattox Pipeline Company LLC, which owns the Mattox Pipeline, and certain logistics assets at the Shell Norco Manufacturing Complex. As consideration for the assets and the elimination of incentive distribution rights, Shell will receive 160 million newly issued SHLX common units, plus $1.2 billion of Series A perpetual convertible preferred units at a price of $23.63 per unit. The transaction is expected to closein the second quarter of 2020 and is subject to regulatory approvals and other customary closing conditions. ", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4247": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4247, + "paragraph": "After the balance sheet date, we have seen macro-economic uncertainty with regards to prices and demand for oil, gas and products as a result of the COVID-19 (coronavirus) outbreak. Furthermore, recent global developments and uncertainty in oil supply in March have caused further abnormally large volatility in commodity markets. The scale and duration of these developments remain uncertain but could impact our earnings, cash flow and financial condition. ", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + }, + "4248": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4248, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 241, + "start_index_page": 4237, + "last_index_page": 4248 + } + }, + "242": { + "4249": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4249, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED)", + "page": 242, + "start_index_page": 4249, + "last_index_page": 4253 + }, + "4250": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4250, + "paragraph": "The information set out on pages 239-256 is referred to as \u201cunaudited\u201d asa means of clarifying that it is not covered by theaudit opinion of the independent registered public accountingfirm that has audited and reported on the ConsolidatedFinancial Statements.", + "page": 242, + "start_index_page": 4249, + "last_index_page": 4253 + }, + "4251": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4251, + "paragraph": "PROVED RESERVES Proved reserves estimates are calculated pursuant to the US Securities and Exchange Commission (\u201cSEC\u201d) Rules and the Financial Accounting Standard Board\u2019s Topic 932. Proved reserves can be either developed or undeveloped. The definitions used are in accordance with the SEC Rule 4\u201310 (a) of Regulation S-X. We include proved reserves associated with future production that will be consumed in operations. Proved reserves shown are net of any quantities of crude oil or natural gas that are expected to be (or could be) taken as royalties in kind. Proved reserves outside North America include quantities that will be settled as royalties in cash. Proved reserves include certain quantities of crude oil or natural gas that will be produced under arrangements that involve Shell subsidiaries, joint ventures and associates in risks and rewards but do not transfer title of the product to those entities. Subsidiaries\u2019 proved reserves at December 31, 2019, were divided into 79% developed and 21% undeveloped on a barrel of oil equivalent basis. For the Shell share of joint ventures and associates, the proved reserves at December 31, 2019, were divided into 86% developed and 14% undeveloped on a barrel of oil equivalent basis. Proved reserves are recognised under various forms of contractual agreements. Shell\u2019s proved reserves volumes at December 31, 2019, present in agreements such as production-sharing contracts (\u201cPSC\u201d), tax/variable royalty contracts or other forms of economic entitlement contracts, where the Shell share of reserves can vary with commodity prices, were 2,170 million barrels of crude oil and natural gas liquids, and 13,433 thousand million standard cubic feet (scf) of natural gas. Proved reserves cannot be measured exactly because estimation ofreserves involves subjective judgement (see \u201cRisk factors\u201d on page27 and our \u201cProved reserves assurance process\u201d below). Theseestimates remain subject to revision and are unaudited supplementary information. PROVED RESERVES ASSURANCE PROCESS A central group of reserves experts, who on average have around 28 years\u2019 experience in the oil and gas industry, undertake the primary assurance of the proved reserves bookings. This group of experts is part of the Resources Assurance and Reporting (\u201cRAR\u201d) organisation within Shell. A Vice President with 34 years\u2019 experience in the oil and gas industry currently heads the RAR organisation. He is a member of theSociety of Petroleum Engineers, Society of Petroleum Evaluation Engineers and holds a BA in mathematics from Oxford University and an MEng in Petroleum Engineering from Heriot Watt University. The RAR organisation reportsdirectly to an Executive Vice President of Finance, who is a member of the Upstream Reserves Committee (\u201cURC\u201d). The URC is a multidisciplinary committee consisting of senior representatives from the Finance, Legal, Projects & Technology and Upstream organisations. The URC reviews and endorses all major (larger than 20 million barrels of oil equivalent) proved reserves bookings and de-bookings and endorses the total aggregated proved reserves. Final approval of all proved reserves bookings remains with Shell\u2019s Executive Committee, and all proved reserves bookings are reviewed by Shell\u2019s Audit Committee. TheInternal Audit function also provides secondary assurance throughaudits of the control framework.", + "page": 242, + "start_index_page": 4249, + "last_index_page": 4253 + }, + "4252": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4252, + "paragraph": "CRUDE OIL, NATURAL GAS LIQUIDS, SYNTHETIC CRUDE OIL AND BITUMEN Shell subsidiaries\u2019 proved reserves of crude oil, natural gas liquids (\u201cNGLs\u201d), synthetic crude oil and bitumen at the end of the year; their share of the proved reserves of joint ventures and associates at the end of the year; and the changes in such reserves during the year are set out on pages 240-242. Significant changes in these proved reserves are discussed below, where \u2018revisions and reclassifications\u2019 are changes based on new information that resulted from development drilling, production history, and changes in economic factors. PROVED RESERVES 2019\u20132018 Shell subsidiaries Europe The net decrease of 65 million barrels in sales and purchases resulted from divestments carried out in Denmark. Asia The net increase of 226 million barrels in revisions and reclassifications was mainly in Oman and Kazakhstan. USA The increase of 86 million barrels in revisions and reclassifications mainly resulted from field performance studies and development activities in the Permian Basin and in Mars and Ursa field in the Gulf of Mexico. The increase of 74 million barrels in extensions and discoveries was in the Permian Basin and PowerNap. South America The increase of 72 million barrels in revisions and reclassifications mainly resulted from field performance studies and development activities in Lula and Lapa Field (Brazil). The net increase of 60 million barrels in extensions and discoveries was mainly in Mero (Brazil). PROVED RESERVES 2018\u20132017 Shell subsidiaries Europe The net increase of 94 million barrels in revisions and reclassifications was mainly in the UK and Denmark. Asia The net increase of 227 million barrels in revisions and reclassifications was mainly in Oman and Kazakhstan. The sale of minerals in place of 52 million barrels occurred in Iraq (West Qurna) and Oman (Mukhaizna). USA The net increase of 81 million barrels in revisions and reclassifications was mainly in the Mars and Ursa fields in the Gulf of Mexico. The increase of 179 million barrels in extensions and discoveries was mainly in the Vito field in the Gulf of Mexico and in the Permian Basin. South America The net increase of 139 million barrels in extensions and discoveries was mainly in Mero (Brazil) and Vaca Muerta (Argentina).", + "page": 242, + "start_index_page": 4249, + "last_index_page": 4253 + }, + "4253": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4253, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 242, + "start_index_page": 4249, + "last_index_page": 4253 + } + }, + "243": { + "4254": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4254, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4255": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4255, + "paragraph": "Proved developed and undeveloped reserves 2019", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4256": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4256, + "paragraph": "Synthetic crude oil Bitumen", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4257": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4257, + "paragraph": "South America Oil and NGL", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4258": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4258, + "paragraph": "Synthetic crude oil Bitumen", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4259": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4259, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [A] At December 31", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4260": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4260, + "paragraph": "Shell share of joint ventures and associates", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4261": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4261, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production At December 31", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4262": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4262, + "paragraph": "4,486 444 4 158 5 (96) (627) 4,374", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4263": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4263, + "paragraph": "5,147 410 4 158 5 (96) (647) 4,981", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4264": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4264, + "paragraph": "Total Reserves attributable to non- controllinginterest in Shell subsidiariesat December 31 [A] Includes 1 million barrels consumed in operations for synthetic crude oil.", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4265": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4265, + "paragraph": "Proved developed reserves 2019", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4266": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4266, + "paragraph": "Synthetic crude oil Bitumen", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4267": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4267, + "paragraph": "South America Oil and NGL", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4268": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4268, + "paragraph": "Synthetic crude oil Bitumen", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4269": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4269, + "paragraph": "At January 1 At December 31", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4270": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4270, + "paragraph": "Shell share of joint ventures and associates", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4271": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4271, + "paragraph": "At January 1 At December 31", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4272": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4272, + "paragraph": "Proved undeveloped reserves 2019", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4273": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4273, + "paragraph": "Synthetic crude oil Bitumen", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4274": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4274, + "paragraph": "South America Oil and NGL", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4275": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4275, + "paragraph": "Synthetic crude oil Bitumen", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4276": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4276, + "paragraph": "At January 1 At December 31", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4277": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4277, + "paragraph": "Shell share of joint ventures and associates", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4278": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4278, + "paragraph": "At January 1 At December 31", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + }, + "4279": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4279, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 243, + "start_index_page": 4254, + "last_index_page": 4279 + } + }, + "244": { + "4280": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4280, + "paragraph": "Proved developed and undeveloped reserves 2018", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4281": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4281, + "paragraph": "Synthetic crude oil Bitumen", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4282": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4282, + "paragraph": "South America Oil and NGL", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4283": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4283, + "paragraph": "Synthetic crude oil Bitumen", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4284": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4284, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [A] At December 31", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4285": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4285, + "paragraph": "Shell share of joint ventures and associates", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4286": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4286, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production At December 31", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4287": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4287, + "paragraph": "4,300 489 41 329 3 (76) (600) 4,486", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4288": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4288, + "paragraph": "4,949 521 41 329 3 (76) (620) 5,147", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4289": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4289, + "paragraph": "Total Reserves attributable to non-controlling interest in Shell subsidiaries at December 31 [A] Includes 1 million barrels consumed in operations for synthetic crude oil. ", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4290": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4290, + "paragraph": "Proved developed reserves 2018", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4291": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4291, + "paragraph": "Synthetic crude oil Bitumen", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4292": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4292, + "paragraph": "South America Oil and NGL", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4293": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4293, + "paragraph": "Synthetic crude oil Bitumen", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4294": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4294, + "paragraph": "At January 1 At December 31", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4295": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4295, + "paragraph": "Shell share of joint ventures and associates", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4296": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4296, + "paragraph": "At January 1 At December 31", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4297": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4297, + "paragraph": "Proved undeveloped reserves 2018", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4298": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4298, + "paragraph": "Synthetic crude oil Bitumen", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4299": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4299, + "paragraph": "South America Oil and NGL", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4300": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4300, + "paragraph": "Synthetic crude oil Bitumen", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4301": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4301, + "paragraph": "At January 1 At December 31", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4302": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4302, + "paragraph": "Shell share of joint ventures and associates", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4303": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4303, + "paragraph": "At January 1 At December 31", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + }, + "4304": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4304, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 244, + "start_index_page": 4280, + "last_index_page": 4304 + } + }, + "245": { + "4305": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4305, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4306": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4306, + "paragraph": "Proved developed and undeveloped reserves 2017", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4307": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4307, + "paragraph": "Synthetic crude oil Bitumen", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4308": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4308, + "paragraph": "South America Oil and NGL", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4309": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4309, + "paragraph": "Synthetic crude oil Bitumen", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4310": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4310, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [A] At December 31", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4311": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4311, + "paragraph": "Shell share of joint ventures and associates", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4312": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4312, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production At December 31", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4313": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4313, + "paragraph": "3,979 531 73 374 2 (64) (595) 4,300", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4314": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4314, + "paragraph": "5,995 530 73 374 666 (2,058) (631) 4,949", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4315": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4315, + "paragraph": "Total Reserves attributable to non-controlling interest in Shell subsidiaries at December 31 [A] Includes 1 million barrels consumed in operations for synthetic crude oil. ", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4316": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4316, + "paragraph": "Proved developed reserves 2017", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4317": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4317, + "paragraph": "Synthetic crude oil Bitumen", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4318": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4318, + "paragraph": "South America Oil and NGL", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4319": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4319, + "paragraph": "Synthetic crude oil Bitumen", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4320": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4320, + "paragraph": "At January 1 At December 31", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4321": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4321, + "paragraph": "Shell share of joint ventures and associates", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4322": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4322, + "paragraph": "At January 1 At December 31", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4323": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4323, + "paragraph": "Proved undeveloped reserves 2017", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4324": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4324, + "paragraph": "Synthetic crude oil Bitumen", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4325": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4325, + "paragraph": "South America Oil and NGL", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4326": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4326, + "paragraph": "Synthetic crude oil Bitumen", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4327": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4327, + "paragraph": "At January 1 At December 31", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4328": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4328, + "paragraph": "Shell share of joint ventures and associates", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4329": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4329, + "paragraph": "At January 1 At December 31", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + }, + "4330": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4330, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 245, + "start_index_page": 4305, + "last_index_page": 4330 + } + }, + "246": { + "4331": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4331, + "paragraph": "NATURAL GAS Shell subsidiaries\u2019 proved reserves of natural gas at the end of the year, their share of the proved reserves of joint ventures and associates at the end of the year, and the changes in such reserves during the years are set out on pages 244-246. Significant changes in these proved reserves are discussed below. Volumes are not adjusted to standard heat content. Apart from integrated projects, volumes of gas are reported on an \u201cas-sold\u201d basis. The price used to calculate future revenue and cash flows from proved gas reserves is the contract price or the 12-month average on \u201cas-sold\u201d volumes. Volumes associated with integrated projects are those measured at a designated transfer point between the upstream and downstream portions of the integrated project. Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel. PROVED RESERVES 2019\u20132018 Shell subsidiaries Asia The net increase of 859 thousand million scf in revisions and reclassifications was mainly in Qatar and Malaysia (Sabah and Sarawak). Oceania The net increase of 699 thousand million scf in revisions and reclassifications was mainly in Surat, Gorgon and Jansz-lo. Africa The net increase of 290 thousand million scf in revisions and reclassifications was mainly in Bonny and Gbaran (Nigeria). Canada The net increase of 317 thousand million scf in extensions and discoveries was mainly in Groundbirch. Shell share of joint ventures and associates Europe The net decrease of 322 thousand million scf in revisions and reclassifications was mainly in Groningen (Netherlands).", + "page": 246, + "start_index_page": 4331, + "last_index_page": 4333 + }, + "4332": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4332, + "paragraph": "PROVED RESERVES 2018\u20132017 Shell subsidiaries Europe The net increase of 1,183 thousand million scf in revisions and reclassifications was mainly in Norway, the UK, Denmark and Germany. Asia The net decrease of 483 thousand million scf in revisions and reclassifications was mainly in Qatar, Malaysia and Kazakhstan. The increase of 354 thousand million scf in extensions and discoveries was in Malaysia. Oceania The net increase of 1,438 thousand million scf in revisions and reclassifications was mainly in the Surat Basin, Jansz-lo and Gorgon (all Australia). Africa The net increase of 896 thousand million scf in revisions and reclassifications was mainly in Gbaran, Assa North, Forcaddos-Yokri (Nigeria) and Sapphire (Egypt). USA The net decrease of 296 thousand million scf in revisions and reclassifications was mainly in Tioga. The increase of 283 thousand million scf in extensions and discoveries was mainly in the Permian Basin. Shell share of joint ventures and associates Europe The net decrease of 3,653 thousand million scf in revisions and reclassifications was mainly in Groningen (the Netherlands). Groningen: The decrease of 3,673 thousand million scf is as a result of the Dutch cabinet\u2019s announcement on March 29, 2018, about its aspiration to end Groningen production by 2030, and an agreement signed by Shell, ExxonMobil and the Dutch government in June 2018. The proved reserves are aligned with the new regulatory framework and the updated production outlook issued in November 2018 by the Dutch Ministry of Economic Affairs.", + "page": 246, + "start_index_page": 4331, + "last_index_page": 4333 + }, + "4333": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4333, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 246, + "start_index_page": 4331, + "last_index_page": 4333 + } + }, + "247": { + "4334": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4334, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4335": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4335, + "paragraph": "Proved developed and undeveloped reserves 2019", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4336": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4336, + "paragraph": "Thousand million standard cubic feet", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4337": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4337, + "paragraph": "29,847 2,180 3 684 5 (372) (3,355) 28,992", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4338": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4338, + "paragraph": "5,768 (224) 1 5 \u2013 \u2013 (721) 4,829 33,821", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4339": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4339, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [A] At December 31", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4340": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4340, + "paragraph": "Shell share of joint ventures and associates", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4341": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4341, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [B] At December 31", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4342": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4342, + "paragraph": "Total Reserves attributable to non-controlling interest in shell subsidiaries at December 31 \u2013 [A] Includes 247 thousand million standard cubic feet consumed in operations. [B] Includes 42 thousand million standard cubic feet consumed in operations.", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4343": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4343, + "paragraph": "2,147 114 \u2013 142 5 (132) (408) 1,868", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4344": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4344, + "paragraph": "Thousand million standard cubic feet", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4345": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4345, + "paragraph": "Thousand million standard cubic feet", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4346": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4346, + "paragraph": "Proved developed reserves 2019", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4347": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4347, + "paragraph": "At January 1 At December 31", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4348": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4348, + "paragraph": "Shell share of joint ventures and associates", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4349": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4349, + "paragraph": "At January 1 At December 31", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4350": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4350, + "paragraph": "Proved undeveloped reserves 2019", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4351": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4351, + "paragraph": "At January 1 At December 31", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4352": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4352, + "paragraph": "Shell share of joint ventures and associates", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4353": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4353, + "paragraph": "At January 1 At December 31", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + }, + "4354": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4354, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 247, + "start_index_page": 4334, + "last_index_page": 4354 + } + }, + "248": { + "4355": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4355, + "paragraph": "Proved developed and undeveloped reserves 2018", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4356": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4356, + "paragraph": "Thousand million standard cubic feet", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4357": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4357, + "paragraph": "30,324 2,766 7 836 14 (613) (3,487) 29,847", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4358": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4358, + "paragraph": "10,108 (3,566) \u2013 5 \u2013 (37) (743) 5,768 35,615", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4359": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4359, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [A] At December 31", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4360": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4360, + "paragraph": "Shell share of joint ventures and associates", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4361": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4361, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [B] At December 31", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4362": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4362, + "paragraph": "Total Reserves attributable to non-controlling interest in Shell subsidiaries at December 31 \u2013 [A] Includes 245 thousand million standard cubic feet consumed in operations. [B] Includes 41 thousand million standard cubic feet consumed in operations.", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4363": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4363, + "paragraph": "5,125 (3,653) \u2013 \u2013 \u2013 (37) (273) 1,163 4,763", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4364": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4364, + "paragraph": "11,822 (483) \u2013 354 \u2013 (157) (906) 10,631", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4365": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4365, + "paragraph": "Proved developed reserves 2018", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4366": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4366, + "paragraph": "At January 1 At December 31", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4367": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4367, + "paragraph": "Shell share of joint ventures and associates", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4368": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4368, + "paragraph": "At January 1 At December 31", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4369": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4369, + "paragraph": "Proved undeveloped reserves 2018", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4370": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4370, + "paragraph": "At January 1 At December 31", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4371": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4371, + "paragraph": "Shell share of joint ventures and associates", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4372": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4372, + "paragraph": "At January 1 At December 31", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4373": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4373, + "paragraph": "Thousand million standard cubic feet", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4374": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4374, + "paragraph": "Thousand million standard cubic feet", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + }, + "4375": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4375, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 248, + "start_index_page": 4355, + "last_index_page": 4375 + } + }, + "249": { + "4376": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4376, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4377": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4377, + "paragraph": "Proved developed and undeveloped reserves 2017", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4378": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4378, + "paragraph": "Thousand million standard cubic feet", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4379": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4379, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [A] At December 31", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4380": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4380, + "paragraph": "Shell share of joint ventures and associates", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4381": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4381, + "paragraph": "At January 1 Revisions and reclassifications Improved recovery Extensions and discoveries Purchases of minerals in place Sales of minerals in place Production [B] At December 31", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4382": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4382, + "paragraph": "11,073 979 66 549 \u2013 \u2013 (845) 11,822", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4383": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4383, + "paragraph": "4,754 652 1 11 \u2013 \u2013 (454) 4,964 16,786", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4384": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4384, + "paragraph": "675 958 74 1,163 3 (11) (293) 2,569", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4385": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4385, + "paragraph": "29,259 2,304 140 1,925 277 (248) (3,333) 30,324", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4386": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4386, + "paragraph": "11,282 (366) 1 11 \u2013 \u2013 (820) 10,108 40,432", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4387": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4387, + "paragraph": "Total Reserves attributable to non-controlling interest in Shell subsidiaries at December 31 [A] Includes 215 thousand million standard cubic feet consumed in operations. [B] Includes 41 thousand million standard cubic feet consumed in operations.", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4388": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4388, + "paragraph": "Thousand million standard cubic feet", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4389": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4389, + "paragraph": "Thousand million standard cubic feet", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4390": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4390, + "paragraph": "Proved developed reserves 2017", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4391": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4391, + "paragraph": "At January 1 At December 31", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4392": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4392, + "paragraph": "Shell share of joint ventures and associates", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4393": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4393, + "paragraph": "At January 1 At December 31", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4394": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4394, + "paragraph": "Proved undeveloped reserves 2017", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4395": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4395, + "paragraph": "At January 1 At December 31", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4396": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4396, + "paragraph": "Shell share of joint ventures and associates", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4397": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4397, + "paragraph": "At January 1 At December 31", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + }, + "4398": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4398, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 249, + "start_index_page": 4376, + "last_index_page": 4398 + } + }, + "250": { + "4399": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4399, + "paragraph": "STANDARDISED MEASURE OF DISCOUNTED FUTURE CASH FLOWS The SEC Form 20-F requires the disclosure of a standardised measure of discounted future net cash flows, relating to proved reserves quantities and based on a 12-month unweighted arithmetic average sales price, calculated on a first-day-of-the-month basis, with cost factors based on those at the end of each year, currently enacted tax rates and a 10% annual discount factor. In our view, the information so calculated does not provide a reliable measure of future cash flows from proved reserves, nor does it permit a realistic comparison to be made of one entity with another because the assumptions used cannot reflect the varying circumstances within each entity. In addition, a substantial but unknown proportion of future real cash flows from oil and gas production activities is expected to derive from reserves which have already been discovered, but which cannot yet be regarded as proved. STANDARDISED MEASURE OF DISCOUNTED FUTURE CASH FLOWS RELATING TO PROVED RESERVES AT DECEMBER 31 ", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4400": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4400, + "paragraph": "2019 \u2013 Shell subsidiaries", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4401": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4401, + "paragraph": "Future cash inflows Future production costs Future development costs Future tax expenses Future net cash flows Effect of discounting cash flows at 10% Standardised measure of discounted future net cash flows Non-controlling interest included", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4402": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4402, + "paragraph": "Europe 33,762 11,818 6,047 9,285 6,612 1,917 4,695 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4403": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4403, + "paragraph": "Asia 111,802 32,581 13,449 25,938 39,834 17,851 21,983 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4404": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4404, + "paragraph": "Oceania 71,775 21,589 10,103 7,016 33,067 13,328 19,739 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4405": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4405, + "paragraph": "Africa 31,046 12,158 4,081 10,542 4,265 377 3,888 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4406": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4406, + "paragraph": "North America Canada 31,522 16,651 4,603 2,313 7,955 5,571 2,384 1,371", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4407": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4407, + "paragraph": "USA 55,800 30,139 11,137 2,397 12,127 1,815 10,312 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4408": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4408, + "paragraph": "South America 64,957 32,362 13,219 5,429 13,947 4,094 9,853 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4409": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4409, + "paragraph": "2019 \u2013 Shell share of joint ventures and associates", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4410": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4410, + "paragraph": "Total 400,664 157,298 62,639 62,920 117,807 44,953 72,854 1,371", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4411": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4411, + "paragraph": "Future cash inflows Future production costs Future development costs Future tax expenses Future net cash flows Effect of discounting cash flows at 10% Standardised measure of discounted future net cash flows [A] While proved reserves are economically producible at the 2019 yearly average price, the standardised measure of discounted future net cash flows was negative for those proved reserves at ", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4412": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4412, + "paragraph": "December 31, 2019, due to addition of overhead, tax and abandonment costs and ongoing commitments post production of proved reserves.", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4413": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4413, + "paragraph": "Europe 3,615 2,810 935 718 (848) (266) (582)[A]", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4414": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4414, + "paragraph": "Asia 38,099 18,336 6,946 6,160 6,657 1,190 5,467", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4415": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4415, + "paragraph": "Total 41,836 21,227 7,917 6,882 5,812 917 4,893", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4416": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4416, + "paragraph": "2018 \u2013 Shell subsidiaries", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4417": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4417, + "paragraph": "Future cash inflows Future production costs Future development costs Future tax expenses Future net cash flows Effect of discounting cash flows at 10% Standardised measure of discounted future net cash flows Non-controlling interest included", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4418": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4418, + "paragraph": "Europe 50,392 18,400 8,649 12,603 10,739 3,024 7,715 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4419": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4419, + "paragraph": "Asia 122,037 32,773 12,301 30,994 45,969 20,957 25,012 1", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4420": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4420, + "paragraph": "Oceania 72,355 22,219 11,598 5,899 32,639 12,130 20,509 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4421": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4421, + "paragraph": "Africa 36,080 13,237 4,672 12,805 5,366 572 4,794 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4422": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4422, + "paragraph": "North America Canada 34,719 17,378 4,674 3,257 9,411 6,446 2,964 1,638", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4423": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4423, + "paragraph": "USA 68,546 32,533 11,486 1,948 22,578 5,039 17,539 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4424": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4424, + "paragraph": "South America 74,417 42,301 6,991 7,764 17,360 6,048 11,312 \u2013", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4425": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4425, + "paragraph": "Total 458,545 178,842 60,370 75,271 144,062 54,217 89,845 1,639", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + }, + "4426": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4426, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 250, + "start_index_page": 4399, + "last_index_page": 4426 + } + }, + "251": { + "4427": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4427, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4428": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4428, + "paragraph": "2018 \u2013 Shell share of joint ventures and associates", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4429": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4429, + "paragraph": "Future cash inflows Future production costs Future development costs Future tax expenses Future net cash flows Effect of discounting cash flows at 10% Standardised measure of discounted future net cash flows [A] While proved reserves are economically producible at the 2018 yearly average price, the standardised measure of discounted future net cash flows was negative for those proved reserves at ", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4430": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4430, + "paragraph": "December 31, 2018, due to addition of overhead, tax and abandonment costs and ongoing commitments post production of proved reserves.", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4431": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4431, + "paragraph": "Europe 5,260 2,712 1,083 1,136 329 (76) 405", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4432": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4432, + "paragraph": "Asia 44,327 20,886 6,726 7,128 9,588 2,759 6,829", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4433": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4433, + "paragraph": "Total 49,691 23,677 7,844 8,265 9,904 2,675 7,229", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4434": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4434, + "paragraph": "2017 \u2013 Shell subsidiaries", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4435": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4435, + "paragraph": "Future cash inflows Future production costs Future development costs Future tax expenses Future net cash flows Effect of discounting cash flows at 10% Standardised measure of discounted future net cash flows Non-controlling interest included", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4436": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4436, + "paragraph": "Europe 34,902 15,672 7,852 5,747 5,631 825 4,806 \u2013", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4437": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4437, + "paragraph": "Asia 94,535 30,894 12,558 18,048 33,035 15,115 17,920 1", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4438": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4438, + "paragraph": "Oceania 51,052 18,264 14,062 1,169 17,557 5,773 11,784 \u2013", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4439": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4439, + "paragraph": "Africa 29,276 11,496 4,920 9,064 3,796 (9) 3,805 \u2013", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4440": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4440, + "paragraph": "North America Canada 32,576 20,242 5,115 2,509 4,710 3,077 1,633 870", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4441": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4441, + "paragraph": "USA 49,389 29,505 14,200 2,177 3,507 (796) 4,303 \u2013", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4442": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4442, + "paragraph": "South America 50,620 30,924 6,210 4,888 8,598 2,325 6,273 \u2013", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4443": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4443, + "paragraph": "2017 \u2013 Shell share of joint ventures and associates", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4444": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4444, + "paragraph": "Total 342,350 156,997 64,917 43,602 76,834 26,310 50,524 871", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4445": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4445, + "paragraph": "Future cash inflows Future production costs Future development costs Future tax expenses Future net cash flows Effect of discounting cash flows at 10% Standardised measure of discounted future net cash flows [A] While proved reserves are economically producible at the 2017 yearly average price, the standardised measure of discounted future net cash flows was negative for those proved reserves ", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4446": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4446, + "paragraph": "atDecember 31, 2017, due to addition of overhead, tax and abandonment costs and ongoing commitments post production of proved reserves.", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4447": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4447, + "paragraph": "Europe 22,725 17,442 1,051 1,803 2,429 1,008 1,421", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4448": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4448, + "paragraph": "Asia 37,954 17,592 7,605 5,172 7,585 1,862 5,723", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4449": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4449, + "paragraph": "Total 60,748 35,088 8,720 6,975 9,965 2,856 7,109", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + }, + "4450": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4450, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 251, + "start_index_page": 4427, + "last_index_page": 4450 + } + }, + "252": { + "4451": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4451, + "paragraph": "CHANGE IN STANDARDISED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS RELATING TO PROVED RESERVES ", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4452": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4452, + "paragraph": "At January 1 Net changes in prices and production costs Revisions of previous reserves estimates Extensions, discoveries and improved recovery Purchases and sales of minerals in place Development cost related to future production Sales and transfers of oil and gas, net of production costs Development cost incurred during the year Accretion of discount Net change in income tax At December 31", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4453": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4453, + "paragraph": "At January 1 Net changes in prices and production costs Revisions of previous reserves estimates Extensions, discoveries and improved recovery Purchases and sales of minerals in place Development cost related to future production Sales and transfers of oil and gas, net of production costs Development cost incurred during the year Accretion of discount Net change in income tax At December 31", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4454": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4454, + "paragraph": "At January 1 Net changes in prices and production costs Revisions of previous reserves estimates Extensions, discoveries and improved recovery Purchases and sales of minerals in place Development cost related to future production Sales and transfers of oil and gas, net of production costs Development cost incurred during the year Accretion of discount Net change in income tax At December 31", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4455": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4455, + "paragraph": "Shell subsidiaries 89,845 (18,759) 13,777 5,193 (2,831) (9,417) (33,319) 10,430 12,004 5,931 72,854", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4456": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4456, + "paragraph": "Shell subsidiaries 50,524 58,128 15,265 8,936 (3,401) (3,876) (38,014) 10,724 7,060 (15,501) 89,845", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4457": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4457, + "paragraph": "Shell subsidiaries 27,718 34,190 13,769 3,901 (2,068) (4,823) (27,544) 14,262 3,844 (12,725) 50,524", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4458": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4458, + "paragraph": "Shell share of joint ventures and associates 7,229 (1,017) (293) 93 \u2013 (2) (3,918) 702 1,133 966 4,893", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4459": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4459, + "paragraph": "Shell share of joint ventures and associates 7,109 6,156 (1,447) 532 (20) (308) (4,858) 666 994 (1,595) 7,229", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4460": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4460, + "paragraph": "Shell share of joint ventures and associates 4,176 3,952 1,931 79 \u2013 461 (3,652) 536 630 (1,004) 7,109", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4461": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4461, + "paragraph": "Total 97,074 (19,776) 13,484 5,286 (2,831) (9,419) (37,237) 11,132 13,137 6,897 77,747", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4462": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4462, + "paragraph": "Total 57,633 64,284 13,818 9,468 (3,421) (4,184) (42,872) 11,390 8,054 (17,096) 97,074", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4463": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4463, + "paragraph": "Total 31,894 38,142 15,700 3,980 (2,068) (4,362) (31,196) 14,798 4,474 (13,729) 57,633", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + }, + "4464": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4464, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 252, + "start_index_page": 4451, + "last_index_page": 4464 + } + }, + "253": { + "4465": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4465, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4466": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4466, + "paragraph": "OIL AND GAS EXPLORATION AND PRODUCTION ACTIVITIES CAPITALISED COSTS The aggregate amount of property, plant and equipment and intangible assets, excluding goodwill, relating to oil and gas exploration and production activities, and the aggregate amount of the related depreciation, depletion and amortisation at December 31, are shown in the tablesbelow. Shell subsidiaries", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4467": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4467, + "paragraph": "Proved properties [A] Unproved properties Support equipment and facilities", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4468": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4468, + "paragraph": "Depreciation, depletion and amortisation", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4469": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4469, + "paragraph": "Proved properties [A] Unproved properties Support equipment and facilities", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4470": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4470, + "paragraph": "Net capitalised costs [A] Includes capitalised asset decommissioning and restoration costs and related depreciation.", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4471": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4471, + "paragraph": "Shell share of joint ventures and associates ", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4472": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4472, + "paragraph": "Cost Proved properties [A] Unproved properties Support equipment and facilities", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4473": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4473, + "paragraph": "Depreciation, depletion and amortisation Proved properties [A] Unproved properties Support equipment and facilities", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4474": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4474, + "paragraph": "Net capitalised costs [A] Includes capitalised asset decommissioning and restoration costs and related depreciation.", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4475": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4475, + "paragraph": "265,700 18,669 11,043 295,412", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4476": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4476, + "paragraph": "129,809 4,089 4,078 137,976 157,436", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4477": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4477, + "paragraph": "265,489 21,256 6,404 293,149", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4478": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4478, + "paragraph": "126,641 3,362 3,424 133,427 159,722", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4479": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4479, + "paragraph": "OIL AND GAS EXPLORATION AND PRODUCTION ACTIVITIES COSTS INCURRED Costs incurred during the year in oil and gas property acquisition, exploration and development activities, whether capitalised or charged to income currently, are shown in the tables below. As a result of the adoption of IFRS 16 Leases as of January 1, 2019, leases are included in year 2019. Development costs include capitalised asset decommissioning and restoration costs (including increases or decreases arising from changes to cost estimates or to the discount rate applied to the obligations) and exclude costs of acquiring support equipment and facilities, but include depreciation thereon. Shell subsidiaries", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4480": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4480, + "paragraph": "Acquisition of properties", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4481": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4481, + "paragraph": "Proved Unproved Exploration Development [A] Comprises Canada and Mexico. [B] Includes $1,195 million of Shales-related exploration activities. In 2019, we participated in 231 Shales productive exploratory wells with proved reserves allocated (Shell share: 117 wells).", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + }, + "4482": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4482, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 253, + "start_index_page": 4465, + "last_index_page": 4482 + } + }, + "254": { + "4483": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4483, + "paragraph": "Acquisition of properties", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4484": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4484, + "paragraph": "Proved Unproved Exploration Development [A] Comprises Canada, Honduras and Mexico. [B] Includes $1,581 million of Shales-related exploration activities. In 2018, we participated in 234 Shales productive exploratory wells with proved reserves allocated (Shell share: 118 wells).", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4485": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4485, + "paragraph": "Acquisition of properties", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4486": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4486, + "paragraph": "Proved Unproved Exploration Development [A] Comprises Canada, Honduras and Mexico.", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4487": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4487, + "paragraph": "SHELL SHARE OF JOINT VENTURES AND ASSOCIATES Joint ventures and associates did not incur costs in the acquisition of oil and gas properties in 2019, 2018 or 2017. 2019", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4488": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4488, + "paragraph": "Exploration Development", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4489": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4489, + "paragraph": "Exploration Development", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4490": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4490, + "paragraph": "Exploration Development [A] Includes a revision of decommissioning and restoration provisions.", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + }, + "4491": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4491, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 254, + "start_index_page": 4483, + "last_index_page": 4491 + } + }, + "255": { + "4492": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4492, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4493": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4493, + "paragraph": "OIL AND GAS EXPLORATION AND PRODUCTION ACTIVITIES EARNINGS The results of operations for oil and gas producing activities are shown in the tables below. Taxes other than income tax include cash-paid royalties to governments outside North America. Shell subsidiaries ", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4494": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4494, + "paragraph": "Third parties Sales between businesses", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4495": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4495, + "paragraph": "Total Production costs excluding taxes Taxes other than income tax Exploration Depreciation, depletion and amortisation Other costs/(income) Earnings before taxation Taxation charge/(credit) Earnings after taxation [A] Comprises Canada and Mexico.", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4496": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4496, + "paragraph": "Third parties Sales between businesses", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4497": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4497, + "paragraph": "Total Production costs excluding taxes Taxes other than income tax Exploration Depreciation, depletion and amortisation Other costs/(income) Earnings before taxation Taxation (credit)/charge Earnings after taxation [A] Comprises Canada, Honduras and Mexico.", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4498": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4498, + "paragraph": "Third parties Sales between businesses", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4499": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4499, + "paragraph": "Total Production costs excluding taxes Taxes other than income tax Exploration Depreciation, depletion and amortisation Other costs/(income) Earnings before taxation Taxation charge/(credit) Earnings after taxation [A] Comprises Canada, Honduras and Mexico. ", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4500": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4500, + "paragraph": "1,257 4,911 6,168 1,582 94 619 2,604 (20) 1,289 848 441", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4501": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4501, + "paragraph": "3,065 10,526 13,591 2,065 749 583 2,130 1,599 6,465 4,013 2,452", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4502": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4502, + "paragraph": "931 4,719 5,650 1,178 136 107 1,957 (105) 2,377 1,094 1,283", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4503": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4503, + "paragraph": "1,936 3,289 5,225 1,062 370 187 1,354 121 2,131 1,431 700", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4504": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4504, + "paragraph": "2,638 7,786 10,424 2,807 103 411 6,932 (575) 746 154 592", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4505": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4505, + "paragraph": "632 1,936 2,568 983 \u2013 159 858 818 (250) (110) (140)", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4506": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4506, + "paragraph": "844 7,647 8,491 1,135 2,613 288 3,929 1,379 (853) (78) (775)", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4507": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4507, + "paragraph": "1,875 6,705 8,580 2,262 122 277 2,684 947 2,288 2,047 241", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4508": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4508, + "paragraph": "3,364 11,284 14,648 2,143 841 149 2,301 (180) 9,394 4,851 4,543", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4509": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4509, + "paragraph": "1,389 4,683 6,072 1,073 199 78 1,571 (514) 3,665 893 2,772", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4510": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4510, + "paragraph": "2,401 3,586 5,987 1,093 328 144 1,394 609 2,419 902 1,517", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4511": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4511, + "paragraph": "2,165 7,716 9,881 2,573 83 341 4,543 447 1,894 550 1,344", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4512": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4512, + "paragraph": "507 1,946 2,453 1,069 \u2013 114 (346) 667 949 236 713", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4513": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4513, + "paragraph": "1,023 7,154 8,177 1,401 2,767 237 3,271 849 (348) 1,162 (1,510)", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4514": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4514, + "paragraph": "1,193 7,120 8,313 2,509 89 243 2,560 (157) 3,069 1,689 1,380", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4515": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4515, + "paragraph": "2,708 9,061 11,769 2,469 556 245 2,892 1,073 4,534 2,969 1,565", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4516": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4516, + "paragraph": "1,414 2,400 3,814 1,110 119 42 1,777 (382) 1,148 (202) 1,350", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4517": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4517, + "paragraph": "1,872 3,218 5,090 1,365 287 129 1,863 145 1,301 (361) 1,662", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4518": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4518, + "paragraph": "1,080 5,119 6,199 2,558 98 868 3,410 114 (849) 363 (1,212)", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4519": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4519, + "paragraph": "339 2,938 3,277 1,571 1 142 3,886 1,050 (3,373) (1,486) (1,887)", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4520": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4520, + "paragraph": "689 5,245 5,934 1,218 1,691 276 3,374 469 (1,094) (294) (800)", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4521": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4521, + "paragraph": "11,303 40,814 52,117 10,812 4,065 2,354 19,764 3,217 11,905 7,352 4,553", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4522": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4522, + "paragraph": "12,724 43,074 55,798 11,614 4,340 1,340 15,418 2,825 20,261 10,641 9,620", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4523": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4523, + "paragraph": "9,295 35,101 44,396 12,800 2,841 1,945 19,762 2,312 4,736 2,678 2,058", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + }, + "4524": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4524, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 255, + "start_index_page": 4492, + "last_index_page": 4524 + } + }, + "256": { + "4525": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4525, + "paragraph": "SHELL SHARE OF JOINT VENTURES AND ASSOCIATES ", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4526": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4526, + "paragraph": "Third-party revenue Total Production costs excluding taxes Taxes other than income tax Exploration Depreciation, depletion and amortisation Other costs/(income) Earnings before taxation Taxation charge Earnings after taxation", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4527": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4527, + "paragraph": "Third-party revenue Total Production costs excluding taxes Taxes other than income tax Exploration Depreciation, depletion and amortisation Other costs/(income) Earnings before taxation Taxation charge Earnings after taxation", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4528": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4528, + "paragraph": "Third-party revenue Total Production costs excluding taxes Taxes other than income tax Exploration Depreciation, depletion and amortisation Other costs/(income) Earnings before taxation Taxation charge Earnings after taxation", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4529": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4529, + "paragraph": "Europe 1,233 1,233 249 75 4 217 547 141 39 102", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4530": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4530, + "paragraph": "Europe 1,395 1,395 307 82 5 318 595 88 7 81", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4531": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4531, + "paragraph": "Europe 1,646 1,646 337 631 7 188 (83) 566 173 393", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4532": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4532, + "paragraph": "Asia 5,475 5,475 669 1,037 51 949 622 2,147 957 1,190", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4533": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4533, + "paragraph": "Asia 5,884 5,884 674 1,259 45 1,016 615 2,275 975 1,300", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4534": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4534, + "paragraph": "Asia 4,503 4,503 729 705 57 1,654 511 847 197 650", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4535": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4535, + "paragraph": "Oceania 81 81 88 6 \u2013 415 (18) (410) \u2013 (410)", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4536": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4536, + "paragraph": "Oceania 79 79 105 4 \u2013 163 (26) (167) \u2013 (167)", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4537": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4537, + "paragraph": "Oceania 58 58 93 4 4 40 (60) (23) \u2013 (23)", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4538": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4538, + "paragraph": "North America Canada \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 1 (1) \u2013 (1)", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4539": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4539, + "paragraph": "Total 6,789 6,789 1,006 1,118 55 1,581 1,153 1,876 996 880", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4540": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4540, + "paragraph": "Total 7,358 7,358 1,086 1,345 50 1,497 1,184 2,196 982 1,214", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4541": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4541, + "paragraph": "Total 6,207 6,207 1,159 1,340 68 1,882 368 1,390 370 1,020", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + }, + "4542": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4542, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 256, + "start_index_page": 4525, + "last_index_page": 4542 + } + }, + "257": { + "4543": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4543, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4544": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4544, + "paragraph": "ACREAGE AND WELLS The tables below reflect acreage and wells of Shell subsidiaries, joint ventures and associates. The term \u201cgross\u201d refers to the total activity in which Shell subsidiaries, joint ventures and associates have an interest. The term \u201cnet\u201d refers to the sum of the fractional interests owned by Shell subsidiaries plus the Shell share of joint ventures and associates\u2019 fractional interests. Data below are rounded to the nearest whole number. Oil and gas acreage (at December 31)", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4545": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4545, + "paragraph": "Gross 13,864 31,486 14,880 22,087 11,720 3,202 6,260 4,666 62,965 32,564 1,541 1,917 2,489 3,291 5,178 \u2013 1,108 1,783 1,265 1,490 16,446 10,214 145,931 76,473 40,116", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4546": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4546, + "paragraph": "Developed Net 1,954 [B] 7,885 1,220 1,940 952 \u2013 752 710 15,413", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4547": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4547, + "paragraph": "Gross 14,385 [C] 6,540 [C] 31,676 15,319 [F] 10,095 [F] 38,874 2,133 5,178 1,681 10,352 119,598", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4548": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4548, + "paragraph": "22,732 1,635 3,885 1,193 6,725 68,238", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4549": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4549, + "paragraph": "Developed Net 1,915 7,672 1,215 1,938 877 \u2013 329 595 14,541", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4550": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4550, + "paragraph": "Gross 6,289 Europe [A] 21,387 Asia 3,025 Oceania 4,663 Africa 1,333 North America \u2013 USA \u2013 North America \u2013 Mexico 483 North America \u2013 Canada 1,393 South America Total 38,573 [A] Includes Greenland for 2018 and 2017. [B] Corrected from 6,228 (1,958 net). [C] Corrected from 15,443 (6,913 net). [D] Corrected from 6,463 (2,071 net). [E] Corrected from 14,119 (6,187 net). [F] Corrected from 15,662 (10,298 net). [G] Corrected from 22,406.", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4551": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4551, + "paragraph": "Number of productive wells [A] (at December 31)", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4552": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4552, + "paragraph": "Gross 6,214 [D] 2,051 [D] 25,975 3,296 4,663 1,936 \u2013 953 1,302 44,339", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4553": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4553, + "paragraph": "9,139 1,255 1,938 1,134 \u2013 651 606 16,774", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4554": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4554, + "paragraph": "Thousand acres 2017 Undeveloped", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4555": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4555, + "paragraph": "Gross 13,079 [E] 5,823 [E] 35,305 18,730 22,295 [G] 13,985 20,811 33,453 1,937 2,718 \u2013 \u2013 15,818 14,468 6,196 9,338 132,006 81,950", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4556": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4556, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America Total [A] The number of productive wells with multiple completions at December 31, 2019, was 955 gross (418 net); December 31, 2018: 1,061 gross (454 net), corrected from 1,132 Gross (489 Net); ", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4557": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4557, + "paragraph": "Gross 1,255 [C] 682 3,499 180 1,636 892 55 8,199", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4558": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4558, + "paragraph": "Net 396 [C] 269 1,926 122 717 794 32 4,256", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4559": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4559, + "paragraph": "Gross 1,138 [B] 9,279 \u2013 380 15,408 \u2013 111 26,316", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4560": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4560, + "paragraph": "Gross 1,091 336 3,352 202 822 748 58 6,609", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4561": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4561, + "paragraph": "Gross 893 7,767 \u2013 514 14,935 \u2013 137", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4562": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4562, + "paragraph": "Oil Net 217 2,841 \u2013 206 7,638 \u2013 63 24,246 10,965", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4563": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4563, + "paragraph": "2019 Gas Net 345 193 1,896 139 516 676 36 3,801", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4564": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4564, + "paragraph": "2018 Gas Net 379 189 1,924 132 672 846 41 4,183", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4565": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4565, + "paragraph": "Gross 1,201 331 3,411 195 1,479 936 63 [F]", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4566": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4566, + "paragraph": "December 31, 2017: 1,696 gross (636 net).", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4567": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4567, + "paragraph": "[B] Corrected from 1,156 (303 net). [C] Corrected from 1,235 (392 net). [D] Corrected from 7,498 (2,750 net). [E] Corrected from 119 (53 net). [F] Corrected from 62.", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + }, + "4568": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4568, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 257, + "start_index_page": 4543, + "last_index_page": 4568 + } + }, + "258": { + "4569": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4569, + "paragraph": "Number of net productive wells and dry holes drilled", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4570": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4570, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4571": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4571, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4572": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4572, + "paragraph": "Total [A] Productive wells are wells with proved reserves allocated. Wells in the process of drilling are excluded and presented separately below. [B] Corrected from 9. [C] Corrected from 10. [D] Corrected from 3. [E] Corrected from 222. [F] Corrected from 312. [G] Corrected from 41.", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4573": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4573, + "paragraph": "Number of wells in the process of exploratory drilling [A]", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4574": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4574, + "paragraph": "Wells in the process of drilling at January 1 and allocated proved reserves during the year Net \u2013 (8) \u2013 (3) (60) (5) (7) (83)", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4575": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4575, + "paragraph": "Gross 19 75 [B] 42 [C] 47 239 [D] 5 [E] 37 [F] 464", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4576": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4576, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America Total [A] Wells in the process of exploratory drilling includes wells pending further evaluation. [B] Corrected from 68 (25 net). [C] Corrected from 45. [D] Corrected from 151 (96 net). [E] Corrected from 0 (0 net). [F] Corrected from 36.", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4577": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4577, + "paragraph": "Net 10 28 [B] 15 31 158 [D] 5 [E] 19 266", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4578": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4578, + "paragraph": "Wells in the process ofdrilling at January 1 anddetermined as dry during the year Net (3) (8) (1) (6) (9) \u2013 \u2013 (27)", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4579": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4579, + "paragraph": "New wells in the process of drilling at December 31 Net 1 8 1 6 37 21 4 78", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4580": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4580, + "paragraph": "At December 31 Net Gross 8 15 20 53 40 15 28 45 126 197 21 21 33 16 234 404", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + }, + "4581": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4581, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 258, + "start_index_page": 4569, + "last_index_page": 4581 + } + }, + "259": { + "4582": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4582, + "paragraph": "SUPPLEMENTARY INFORMATION \u2013 OIL AND GAS (UNAUDITED) continued", + "page": 259, + "start_index_page": 4582, + "last_index_page": 4588 + }, + "4583": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4583, + "paragraph": "Number of wells in the process of development drilling", + "page": 259, + "start_index_page": 4582, + "last_index_page": 4588 + }, + "4584": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4584, + "paragraph": "Europe Asia Oceania Africa North America \u2013 USA North America \u2013 Canada South America Total [A] Corrected from 36 (14 net). [B] Corrected from 3 (1 net). [C] Corrected from 64 (33 net). [D] Corrected from 17 (17 net).", + "page": 259, + "start_index_page": 4582, + "last_index_page": 4588 + }, + "4585": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4585, + "paragraph": "Gross 5 41 [A] 19 [B] 5 40 [C] 12 [D] 9 131", + "page": 259, + "start_index_page": 4582, + "last_index_page": 4588 + }, + "4586": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4586, + "paragraph": "2019 At December 31 Net 3 21 71 2 34 \u2013 8 139", + "page": 259, + "start_index_page": 4582, + "last_index_page": 4588 + }, + "4587": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4587, + "paragraph": "In addition to the present activities mentioned above, the following recovery methods are operational in the following countries: water flooding (Brazil (including water alternating gas), Brunei, Egypt, Malaysia, Nigeria, Norway, Oman, Russia, the UK and the USA); gas injection (Brunei, Kazakhstan, Malaysia, Nigeria and Oman); steam injection (the Netherlands, Oman and the USA), and polymer flooding (Oman). ", + "page": 259, + "start_index_page": 4582, + "last_index_page": 4588 + }, + "4588": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4588, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 259, + "start_index_page": 4582, + "last_index_page": 4588 + } + }, + "260": { + "4589": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4589, + "paragraph": "PARENT COMPANY FINANCIAL STATEMENTS", + "page": 260, + "start_index_page": 4589, + "last_index_page": 4592 + }, + "4590": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4590, + "paragraph": "258 258 258 259 259 260 260 260 261 261 261 261 262 262 264 264 265 265 265 265 ", + "page": 260, + "start_index_page": 4589, + "last_index_page": 4592 + }, + "4591": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4591, + "paragraph": "Statement of Income Statement of Comprehensive Income Balance Sheet Statement of Changes in Equity Statement of Cash Flows Notes to the Parent Company Financial Statements Note 1 Basis of preparation Note 2 Significant accounting policies Note 3 Interest and other income/expense Note 4 Investments in subsidiaries Note 5 Accounts payable and accrued liabilities Note 6 Taxation Note 7 Financial instruments Note 8 Share capital Note 9 Other reserves Note 10 Dividends Note 11 Legal proceedings and other contingencies Note 12 Directors and Senior Management Note 13 Related parties Note 14 Auditor\u2019s remuneration", + "page": 260, + "start_index_page": 4589, + "last_index_page": 4592 + }, + "4592": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4592, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 260, + "start_index_page": 4589, + "last_index_page": 4592 + } + }, + "261": { + "4593": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4593, + "paragraph": "PARENT COMPANY FINANCIAL STATEMENTS continued", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4594": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4594, + "paragraph": "Dividend income Interest and other income Administrative expenses Interest and other expense Income before taxation Taxation charge Income for the period", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4595": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4595, + "paragraph": "STATEMENT OF COMPREHENSIVE INCOME", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4596": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4596, + "paragraph": "Income for the period Comprehensive income for the period", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4597": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4597, + "paragraph": "Assets Non-current assets Investments in subsidiaries Deferred tax", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4598": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4598, + "paragraph": "Current assets Amounts due from subsidiaries Cash and cash equivalents", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4599": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4599, + "paragraph": "Total assets Liabilities Current liabilities Accounts payable and accrued liabilities Total liabilities Equity Share capital Other reserves Retained earnings Total equity Total liabilities and equity", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4600": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4600, + "paragraph": "Signed on behalf of the Board /s/ Jessica Uhl JESSICA UHL Chief Financial Officer March 11, 2020", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4601": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4601, + "paragraph": "2019 21,051 101 (54) (146) 20,952 567 20,385", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4602": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4602, + "paragraph": "$ million 2018 23,278 141 (43) (222) 23,154 44 23,110", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4603": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4603, + "paragraph": "$ million 2018 23,110 23,110", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4604": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4604, + "paragraph": "657 235,561 20,529 256,747 258,522", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4605": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4605, + "paragraph": "685 235,536 25,458 261,679 266,541", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + }, + "4606": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4606, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 261, + "start_index_page": 4593, + "last_index_page": 4606 + } + }, + "262": { + "4607": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4607, + "paragraph": "STATEMENT OF CHANGES IN EQUITY", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4608": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4608, + "paragraph": "Share capital 685 \u2013 \u2013 (28) \u2013 657 696 \u2013 \u2013 (11) \u2013 685", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4609": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4609, + "paragraph": "Other reserves 235,536 \u2013 \u2013 28 (3) 235,561 235,366 \u2013 \u2013 11 159 235,536", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4610": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4610, + "paragraph": "Retained earnings 25,458 20,385 (15,199) (10,286) 171 20,529 21,778 23,110 (15,675) (4,519) 764 25,458", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4611": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4611, + "paragraph": "$ million Total equity 261,679 20,385 (15,199) (10,286) 168 256,747 257,840 23,110 (15,675) (4,519) 923 261,679", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4612": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4612, + "paragraph": "At January 1, 2019 Comprehensive income for the period Dividends Repurchases of shares Share-based compensation At December 31, 2019 At January 1, 2018 Comprehensive income for the period Dividends Repurchases of shares Share-based compensation [A] At December 31, 2018 [A] The amendments to IFRS 2 Share-based payment became effective January 1, 2018. Following adoption of the amendments, components of share-based payments (related to tax) that were ", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4613": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4613, + "paragraph": "previously classified as cash-settled are classified as equity-settled from 2018 onwards.", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4614": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4614, + "paragraph": "Income for the period Adjustment for:", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4615": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4615, + "paragraph": "Dividend income Taxation charge Interest income Interest expense Share-based compensation Decrease/(Increase) in working capital Cash flow from operating activities Dividends received Interest received Share-based compensation Cash flow from investing activities Cash dividends paid Shares repurchased Interest and other expenses paid Cash flow from financing activities Change in cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4616": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4616, + "paragraph": "(21,051) 567 (101) 111 19 4,008 3,938 21,051 101 408 21,560 (15,198) (10,188) (111) (25,497) 1 3 4", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4617": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4617, + "paragraph": "(23,278) 44 (141) 156 16 (3,796) (3,889) 23,278 141 248 23,667 (15,675) (3,947) (156) (19,778) \u2013 3 3", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + }, + "4618": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4618, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 262, + "start_index_page": 4607, + "last_index_page": 4618 + } + }, + "263": { + "4619": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4619, + "paragraph": "NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4620": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4620, + "paragraph": "1 BASIS OF PREPARATION The Financial Statements of Royal Dutch Shell plc (the \u201cCompany\u201d) have been prepared in accordance with the provisions of the Companies Act 2006 (the \u201cAct\u201d) and with International Financial Reporting Standards (\u201cIFRS\u201d) as adopted by the European Union. As applied to the Company, there are no material differences from IFRS as issued by the International Accounting Standards Board (\u201cIASB\u201d); therefore, the Financial Statements have been prepared in accordance with IFRS as issued by the IASB. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4621": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4621, + "paragraph": "As described in the accounting policies in Note 2, the Financial Statements have been prepared under the historical cost convention except for certain items measured at fair value. Those accounting policies have been applied consistently in all periods. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4622": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4622, + "paragraph": "The Financial Statements were approved and authorised for issue by the Board of Directors on March11, 2020. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4623": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4623, + "paragraph": "The preparation of financial statements in conformity with IFRS requires the use of certain accounting estimates. It also requires management to exercise its judgement in the process of applying the Company\u2019s accounting policies. Actual results may differ from those estimates. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4624": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4624, + "paragraph": "The financial results of the Company are included in the Consolidated Financial Statements on pages 190-238. The financial results of the Company incorporate the results of the Dividend Access Trust (the \u201cTrust\u201d), the financial statements of which are presented on pages 268-271. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4625": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4625, + "paragraph": "The Company\u2019s principal activity is being the parent company for Shell, asdescribed in Note 1 of the Consolidated Financial Statements (seepage 195) ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4626": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4626, + "paragraph": "2 SIGNIFICANT ACCOUNTING POLICIES The Company\u2019s accounting policies follow those of Shell as set out in Note 2A of the Consolidated Financial Statements (see pages 195-203). The following are Company-specific policies. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4627": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4627, + "paragraph": "PRESENTATION AND FUNCTIONAL CURRENCY The Company\u2019s presentation and functional currency is US dollars (dollars). ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4628": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4628, + "paragraph": "INVESTMENTS Investments in subsidiaries are stated at cost, net of any impairment. Investments are tested for impairment whenever events or changes in circumstances indicate that the carrying amounts for those investments may not be recoverable. For the purposes of determining whether impairment of investments in subsidiaries has occurred, and the extent ofany impairment loss or its reversal, the key assumptions management uses in estimating risk-adjusted future cash flows for value-in-use measures include future oil and gas prices, expected production volumes and refining margins appropriate to the local circumstances and environment. These assumptions and the judgements of management that are based on them are subject to change as new information becomes available. Cash flow estimates are risk-adjusted to reflect local conditions as appropriate and discounted at a rate based on Shell\u2019s marginal cost of debt. Changes in economic conditions can also affect the rate used to discount future cash flow estimates. Future price assumptions are presented in Note 8 ofthe Consolidated Financial Statements (see pages 210-213). ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4629": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4629, + "paragraph": "The original cost of the Company\u2019s investment in Royal Dutch Petroleum Company (\u201cRoyal Dutch\u201d) was based on the fair value of the shares transferred to the Company by the former shareholders of Royal Dutch in exchange for A shares in the Company during the public exchange offer in2005. The original cost of the Company\u2019s investment in The \u201cShell\u201d Transport and Trading Company, plc, now The Shell Transport and Trading Company Limited (\u201cShell Transport\u201d), was the fair value of the shares held by the former shareholders of The \u201cShell\u201d Transport and Trading Company plc transferred in consideration for the issuance of B shares as part of the Scheme of Arrangement in 2005. The Company\u2019s investments in Royal Dutch and Shell Transport now represent an investment in Shell Petroleum N.V. (\u201cShell Petroleum\u201d); this change had no impact on the cost of investments in subsidiaries. On February 15, 2016 the Company acquired all the voting rights in BG Group plc via the issuance of shares and cash payments of total fair value $53,086 million. In September 2016, the Company\u2019s shares in BG Group Limited (\u201cBG\u201d), formerly BG Group plc, were exchanged for an increased investment in Shell Petroleum.", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4630": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4630, + "paragraph": "DIVIDEND INCOME Dividends are recognised on a paid basis unless the dividend has been confirmed by a general meeting of Shell Petroleum, in which case income is recognised on the date at which receipt is deemed virtually certain. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4631": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4631, + "paragraph": "SHARE-BASED COMPENSATION PLANS The fair value of share-based compensation for equity-settled plans granted to employees of subsidiaries under the Company\u2019s plans is recognised as an investment in subsidiaries from the date of grant overthevesting period with a corresponding increase in equity. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4632": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4632, + "paragraph": "In the year of vesting of a plan, the costs for the actual deliveries are charged to the relevant employing subsidiaries. This is recognised as a realisation of the investment originally booked. If the actual vesting costs are higher than the cumulatively recognised share-based compensation charge, the difference is recognised in income. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4633": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4633, + "paragraph": "Note 21 of the Consolidated Financial Statements (see page 232-233) forinformation onthe Company\u2019s principal plan. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4634": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4634, + "paragraph": "TAXATION The Company is tax-resident in the Netherlands. For the assessment of corporate income tax in the Netherlands, the Company and certain of its subsidiaries form a fiscal unit, in respect of which the Company recognises any current tax receivable or payable (and deferred tax asset or liability) for the fiscal unit as a whole to the extent such balances have been settled between the Company and other members of the fiscal unit at the balance sheet date. Balances not settled with the Company at the balance sheet date are recognised in the member\u2019s financial statements and, to the extent they are material, are disclosed in the notes to the Company\u2019s financial statements. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4635": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4635, + "paragraph": "The Company\u2019s tax charge or credit recognised in income is calculated atthe statutory tax rate prevailing in the Netherlands for current tax andstatutory tax rate substantively enacted in the Netherlands for deferred tax. ", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + }, + "4636": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4636, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 263, + "start_index_page": 4619, + "last_index_page": 4636 + } + }, + "264": { + "4637": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4637, + "paragraph": "3 INTEREST AND OTHER INCOME/EXPENSE", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4638": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4638, + "paragraph": "Interest and other income:", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4639": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4639, + "paragraph": "Total Interest and other expenses:", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4640": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4640, + "paragraph": "Interest expense Foreign exchange losses", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4641": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4641, + "paragraph": "4 INVESTMENTS IN SUBSIDIARIES", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4642": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4642, + "paragraph": "At January 1 Share-based compensation Recovery of vested share-based compensation At December 31", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4643": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4643, + "paragraph": "5 ACCOUNTS PAYABLE AND ACCRUED LIABILITIES", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4644": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4644, + "paragraph": "Amounts due to subsidiaries (see Note 13) Accruals and other liabilities Withholding tax payable Unclaimed dividends Total", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4645": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4645, + "paragraph": "2019 256,920 506 (772) 256,654", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4646": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4646, + "paragraph": "$ million 2018 256,882 512 (474) 256,920", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4647": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4647, + "paragraph": "Current 750 730 291 4 1,775", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4648": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4648, + "paragraph": "$ million Dec 31, 2018 Non-current \u2013 \u2013 \u2013 \u2013 \u2013", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4649": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4649, + "paragraph": "Current 3,934 614 311 3 4,862", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4650": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4650, + "paragraph": "Accruals and other liabilities at December31, 2019, and at December 31, 2018, principally comprise commitments for share repurchases undertaken on the Company\u2019s behalf under irrevocable, non-discretionary arrangements. ", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4651": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4651, + "paragraph": "Current tax: Charge in respect of current period Total Deferred tax: Relating to the origination and reversal of tax losses and credits Relating to changes in tax rates and legislation Total Taxation charge", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4652": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4652, + "paragraph": "In 2019, the deferred tax charge related to derecognition of deferred tax assets on unused tax losses and tax credits carried forward.", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + }, + "4653": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4653, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 264, + "start_index_page": 4637, + "last_index_page": 4653 + } + }, + "265": { + "4654": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4654, + "paragraph": "NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS continued", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4655": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4655, + "paragraph": "Reconciliation of applicable tax charge at statutory tax rate to taxation charge", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4656": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4656, + "paragraph": "Income before taxation Applicable tax charge at the statutory tax rate of 25.0% (2018: 25.0%) Derecognition of deferred tax assets Tax effects of:", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4657": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4657, + "paragraph": "Income not subject to tax at statutory rates Expenses not deductible for tax purposes", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4658": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4658, + "paragraph": "Taxes payable are reported within accounts payable and accrued liabilities (see Note 5). ", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4659": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4659, + "paragraph": "At January 1 Recognised in income Other movements At December 31", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4660": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4660, + "paragraph": "$ million 2018 598 (44) (199) 355", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4661": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4661, + "paragraph": "In the Company\u2019s capacity as head of the fiscal unity, no deferred tax assets have been recognised at December 31, 2019. Deferred tax assets recognised in this capacity at December 31, 2018 amounted to $355 million and were in respect of credits carried forward and unused tax losses. AtDecember 31, 2019, unrecognised unused tax losses amounted to $1,683 million (2018: $nil) and unrecognised credits carried forward amounted to$273 million (2018: $99 million). Unused tax losses are available for relief against future taxable profits for up to a period of six to nine years, dependent upon the year in which the losses were incurred. Unused tax credits are available indefinitely.", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4662": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4662, + "paragraph": "7 FINANCIAL INSTRUMENTS Financial assets and liabilities measured at amortised cost in the Company\u2019s Balance Sheet comprise amounts due from subsidiaries (see Note 13) and certain amounts reported within accounts payable and accrued liabilities (see Note 5). The fair value of financial assets and liabilities at December31, 2019, and 2018, approximates their carrying amount. ", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4663": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4663, + "paragraph": "Information on financial risk management is presented in Note 19 of the Consolidated Financial Statements (see pages 227-231). Foreign currency derivatives are used by the Company to manage foreign exchange risk, which arises when certain transactions are denominated in a currency that isnotthe Company\u2019s functional currency. There were no derivative financial instruments held at December31, 2019, or 2018.", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4664": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4664, + "paragraph": "Issued and fully paid ordinary shares of \u20ac0.07 each [A]", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4665": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4665, + "paragraph": "At January 1, 2019 Repurchases of shares At December 31, 2019 At January 1, 2018 Repurchases of shares At December 31, 2018 [A] Share capital at December 31, 2019, and 2018, also included 50,000 issued and fully paid sterling deferred shares of 1 each. ", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4666": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4666, + "paragraph": "A 4,471,889,296 (320,101,779) 4,151,787,517 4,597,136,050 (125,246,754) 4,471,889,296", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4667": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4667, + "paragraph": "Number of shares B 3,745,486,731 (16,079,624) 3,729,407,107 3,745,486,731 \u2013 3,745,486,731", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4668": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4668, + "paragraph": "Nominal value ($ million) Total 685 (28) 657 696 (11) 685", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + }, + "4669": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4669, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 265, + "start_index_page": 4654, + "last_index_page": 4669 + } + }, + "266": { + "4670": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4670, + "paragraph": "At the Company\u2019s Annual General Meeting (\u201cAGM\u201d) on May 21, 2019, the Board was authorised to allot ordinary shares in the Company, and to grant rights to subscribe for or to convert any security into ordinary shares in the Company, up to an aggregate nominal amount of \u20ac190.3 million (representing 2,720 million ordinary shares of \u20ac0.07 each), and to list such shares or rights on any stock exchange. This authority expires at the earlier of the close of business on August 21, 2020, and the end of the AGM to be held in 2020, unless previously renewed, revoked or varied by the Company in a general meeting. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4671": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4671, + "paragraph": "At the May 21, 2019 AGM, shareholders granted the Company the authority to repurchase up to 815 million ordinary shares (excluding any treasury shares), renewing the authority granted by the shareholders at previous AGMs. The authority will expire at the earlier of the close of business on August 21, 2020, and the end of the AGM of the Company to be held in 2020. Ordinary shares purchased by the Company pursuant to this authority will either be cancelled or held in treasury. Treasury shares are shares in the Company which are owned by the Company itself. The minimum price, exclusive of expenses, which may be paid for an ordinary share is \u20ac0.07. The maximum price, exclusive of expenses, which may be paid for an ordinary share is the higher of: (i) an amount equal to 5% above the average market value for an ordinary share for the five business days immediately preceding the date of the purchase; and (ii) the higher of the price of the last independent trade and the highest current independent bid on the trading venues where the purchase is carried out. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4672": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4672, + "paragraph": "A and B shares repurchased in 2019 under the Company\u2019s share buyback programme were all cancelled. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4673": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4673, + "paragraph": "B shares rank equally in all respects with A shares except for the dividend access mechanism described below. The Company, Shell Transport and BG, can procure the termination of the dividend access mechanism at any time. Upon such termination, B shares will form one class with A shares ranking equally in all respects and A and B shares will be known as ordinary shares without further distinction. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4674": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4674, + "paragraph": "The sterling deferred shares are redeemable only at the discretion of the Company for 1 each and carry no voting rights. There are no further rights to participate in profits or assets, including the right to receive dividends. Upon winding up or liquidation, the shares carry a right to repayment of paid-up nominal value, ranking ahead of A and B shares. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4675": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4675, + "paragraph": "For information on the number of shares in the Company held by Shell employee share ownership trusts and trust-like entities to meet delivery commitments under employee share plans, see Note 21 of the Consolidated Financial Statements (see pages 232-233). DIVIDEND ACCESS MECHANISM FOR B SHARES General Dividends paid on A shares have a Dutch source for tax purposes and are subject to Dutch withholding tax. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4676": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4676, + "paragraph": "It is the expectation and the intention, although there can be no certainty, that holders of B shares will receive dividends through the dividend access mechanism. Any dividends paid on the dividend access shares will have aUK source for UK and Dutch tax purposes. There will be no Dutch withholding tax on such dividends. From April 2016, there were changes to the taxation of dividends for individual shareholders resident in the UK. The dividend tax credit was abolished, and a tax-free dividend allowance introduced. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4677": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4677, + "paragraph": "Description of dividend access mechanism Shell Transport and BG have each issued a dividend access share to Computershare Trustees (Jersey) Limited as Trustee. Pursuant to a declaration of trust, the Trustee will hold any dividends paid in respect of the dividend access shares on trust for the holders of B shares and will arrange for prompt disbursement of such dividends to holders of B shares. Interest and other income earned on unclaimed dividends will be for the account of Shell Transport and BG and any dividends which are unclaimed after 12 years will revert to Shell Transport and BG once forfeited. Holders of B shares will not have any interest in either dividend access share and will not have any rights against Shell Transport and BG as issuers of the dividend access shares. The only assets held on trust for the benefit of the holders of B shares will be dividends paid to the Trustee in respect of the dividend access shares. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4678": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4678, + "paragraph": "The declaration and payment of dividends on the dividend access shares will require board action by Shell Transport and BG (as applicable) and will be subject to any applicable limitations in law or in the Shell Transport or BG (as appropriate) articles of association in effect. In no event will the aggregate amount of the dividend paid by Shell Transport and BG under the dividend access mechanism for a particular period exceed the aggregate of the dividend announced by the Board of the Company on B shares in respect of the same period (after giving effect to currency conversions). ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4679": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4679, + "paragraph": "In particular, under their respective articles of association, Shell Transport and BG are each only able to pay a dividend on their respective dividend access shares which represents a proportional amount of the aggregate of any dividend announced by the Company on the B shares in respect of the relevant period, where such proportions are calculated by reference to, in the case of Shell Transport, the number of B shares in existence prior to completion of the Company\u2019s acquisition of BG and, in the case of BG, the number of B shares issued as part of the acquisition, in each case as against the total number of B shares in issue immediately following completion of the acquisition of BG. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4680": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4680, + "paragraph": "Operation of the dividend access mechanism If, in connection with the announcement of a dividend by the Company on B shares, the Board of Shell Transport and/or the Board of BG elects to declare and pay a dividend on their respective dividend access shares to the Trustee, the holders of B shares will be beneficially entitled to receive their share of those dividends pursuant to the declaration of trust (and arrangements will be made to ensure that the dividend is paid in the same currency in which they would have received a dividend from the Company). ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4681": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4681, + "paragraph": "If any amount is paid by Shell Transport or BG by way of a dividend on the dividend access shares and paid by the Trustee to any holder of B shares, the dividend which the Company would otherwise pay on B shares will be reduced by an amount equal to the amount paid to such holders of B shares by the Trustee. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4682": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4682, + "paragraph": "The Company will have a full and unconditional obligation, in the event that the Trustee does not pay an amount to holders of B shares on a cash dividend payment date (even if that amount has been paid to the Trustee), to pay immediately the dividend announced on B shares. The right of holders of B shares to receive distributions from the Trustee will be reduced by an amount equal to the amount of any payment actually made by the Company on account of any dividend on B shares. ", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + }, + "4683": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4683, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 266, + "start_index_page": 4670, + "last_index_page": 4683 + } + }, + "267": { + "4684": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4684, + "paragraph": "NOTES TO THE PARENT COMPANY FINANCIAL STATEMENTS continued", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4685": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4685, + "paragraph": "8 SHARE CAPITAL continued If for any reason no dividend is paid on the dividend access shares, holders of B shares will only receive dividends from the Company directly. Any payment by the Company will be subject to Dutch withholding tax (unless an exemption is obtained under Dutch law or under the provisions of an applicable tax treaty). ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4686": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4686, + "paragraph": "The Dutch tax treatment of dividends paid under the dividend access mechanism has been confirmed by the Dutch Revenue Service in an agreement (\u201cvaststellingsovereenkomst\u201d) with the Company and N.V. Koninklijke Nederlandsche Petroleum Maatschappij (Royal Dutch Petroleum Company) dated October 26, 2004, as supplemented and amended by an agreement between the same parties dated April 25, 2005, and a final settlement agreement in connection with the acquisition of BG dated November 9, 2015. The agreements state, among other things, that dividend distributions on the dividend access shares by Shell Transport and/or BG will not be subject to Dutch withholding tax provided that the dividend access mechanism is structured and operated substantially as set out above. ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4687": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4687, + "paragraph": "The Company may not extend the dividend access mechanism to any future issuances of B shares without prior consultation with the Dutch Revenue Service. ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4688": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4688, + "paragraph": "Accordingly, the Company would not expect to issue additional B shares unless confirmation from the Dutch Revenue Service was obtained or the Company were to determine that the continued operation of the dividend access mechanism was unnecessary. Any further issue of B shares is subject to advance consultation with the Dutch Revenue Service. ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4689": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4689, + "paragraph": "The dividend access mechanism may be suspended or terminated at any time by the Company\u2019s Directors or the Directors of Shell Transport or BG, for any reason and without financial recompense. This might, for instance, occur in response to changes in relevant tax legislation. ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4690": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4690, + "paragraph": "At January 1, 2019 Repurchases of shares Share-based compensation At December 31, 2019 At January 1, 2018 Repurchases of shares Share-based compensation At December 31, 2018", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4691": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4691, + "paragraph": "Merger reserve 234,231 \u2013 \u2013 234,231 234,231 \u2013 \u2013 234,231", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4692": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4692, + "paragraph": "Share premium reserve 154 \u2013 \u2013 154 154 \u2013 \u2013 154", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4693": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4693, + "paragraph": "Capital redemption reserve 95 28 \u2013 123 84 11 \u2013 95", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4694": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4694, + "paragraph": "Share plan reserve 1,056 \u2013 (3) 1,053 897 \u2013 159 1,056", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4695": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4695, + "paragraph": "Total 235,536 28 (3) 235,561 235,366 11 159 235,536", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4696": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4696, + "paragraph": "The merger reserve was established as a consequence of the Company becoming the single parent company of Royal Dutch and Shell Transport and represented the difference between the cost of the investment in those companies and the nominal value of shares issued in exchange for those investments as required by the prevailing legislation at that time, section 131 of the Companies Act 1985. On February 15, 2016, the Company acquired all shares in BG Group plc by means of a Scheme of Arrangement under Part 26 of the Act, via the issuance of 218.7 million A shares and 1,305.1 million B shares and cash payments. This resulted in an increase in the merger reserve, representing the difference between the fair value and the nominal value of the shares issued by the Company. ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4697": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4697, + "paragraph": "On January 6, 2006, loan notes were converted into 4,827,974 A shares. The difference between the carrying value of the loan notes and the nominal value of the new shares issued was credited to the share premium reserve. The capital redemption reserve was established in connection with repurchases of shares of the Company. The share plan reserve is in respect of equity-settled share-based compensation plans (see Note 21 to the Consolidated Financial Statements) and movement in share-based compensation for the year is the net of the charge to equity and the release as a result of vested awards. ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4698": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4698, + "paragraph": "10 DIVIDENDS See Note 23 of the Consolidated Financial Statements (see page 235). ", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + }, + "4699": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4699, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 267, + "start_index_page": 4684, + "last_index_page": 4699 + } + }, + "268": { + "4700": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4700, + "paragraph": "11 LEGAL PROCEEDINGS AND OTHER CONTINGENCIES See Note 25 of the Consolidated Financial Statements (see pages 235-237). ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4701": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4701, + "paragraph": "12 DIRECTORS AND SENIOR MANAGEMENT See Note 27 of the Consolidated Financial Statements (see page 237) for the remuneration of Directors of the Company. In 2019, the Company recognised $25 million (2018: $24 million) in administrative expenses for the compensation of Directors and Senior Management. ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4702": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4702, + "paragraph": "13 RELATED PARTIES Information about the Company\u2019s subsidiaries, and whether these are held directly or indirectly, and other related undertakings (all of which are held indirectly), at December31, 2019, is set out in \u2018Appendix 1: Significant Subsidiaries and Other Related Undertakings\u2019. ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4703": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4703, + "paragraph": "Shell Petroleum Shell Treasury Centre Limited Shell Corporate Services Switzerland AG Other Total", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4704": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4704, + "paragraph": "Amounts due from subsidiaries 2018 \u2013 9,260 \u2013 3 9,263", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4705": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4705, + "paragraph": "$ million Amounts due to subsidiaries (see Note 5) 2018 550 \u2013 3,384 \u2013 3,934", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4706": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4706, + "paragraph": "The Company received interest income from Shell Petroleum in 2019 of $60 million (2018: $134 million). Interest was calculated at US LIBOR less 0.21%(December 31, 2018: USLIBOR less 0.21%). At both December 31, 2019 and 2018 the closing amount due from Shell Petroleum was $nil.", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4707": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4707, + "paragraph": "The amount due from Shell Treasury Centre Limited (\u201cSTCL\u201d) comprises call deposits in dollars, sterling and euros. Interest is calculated at US LIBOR less 0.21% (2018: US LIBOR less 0.21%) on dollar balances, at GBP LIBOR less 0.19% (2018: GBP LIBOR less 0.19%) on sterling balances and at Euro Overnight Index Average (\u201cEONIA\u201d) (2018: EONIA) on euro balances, unless this results in a negative interest rate in which case no interest is earned. Net interest income in 2019 from STCL was $41 million (2018: $7 million). ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4708": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4708, + "paragraph": "In 2019, the Company settled an interest-bearing receivable and an interest-bearing payable at fair value, equal to the carrying amount of the balances at transfer date, with Shell Corporate Services Switzerland AG (\u201cSCSS\u201d). The net amount due to SCSS at December31, 2019, is $nil (2018: interest- bearing receivable of \u20ac4,690 million and an interest-bearing payable of $8,746 million). Interest on euro balances was calculated at EONIA (2018: EONIA) unless this resulted in a negative interest rate in which case no interest was earned. Interest on dollar balances was calculated at US LIBOR (2018: US LIBOR). Net interest expense on these balances in 2019 was $111 million (2018: $67 million). ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4709": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4709, + "paragraph": "OTHER TRANSACTIONS AND BALANCES The Company periodically enters into forward and spot foreign currency contracts with Treasury companies, which are subsidiaries. There were no open foreign currency contracts at December31, 2019, or 2018. ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4710": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4710, + "paragraph": "The Company settles general and administrative expenses of the Trust, including the auditor\u2019s remuneration. ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4711": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4711, + "paragraph": "The Company has guaranteed contractual payments totalling $52,974 million at December31, 2019 (2018: $53,357 million), and related interest, inrespect of listed debt issued by Shell International Finance B.V.", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4712": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4712, + "paragraph": "14 AUDITOR\u2019S REMUNERATION See Note 28 of the Consolidated Financial Statements (see pages 238). ", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + }, + "4713": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4713, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 268, + "start_index_page": 4700, + "last_index_page": 4713 + } + }, + "269": { + "4714": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4714, + "paragraph": "INDEPENDENT AUDITOR\u2019S REPORT TO COMPUTERSHARE TRUSTEES (JERSEY) LIMITED AS TRUSTEE OF THE ROYAL DUTCH SHELL DIVIDEND ACCESS TRUST ANDTHE BOARD OF DIRECTORS OF ROYAL DUTCH SHELL PLC TO COMPUTERSHARE TRUSTEES (JERSEY) LIMITED ASTRUSTEE OF THE ROYAL DUTCH SHELL DIVIDEND ACCESS TRUST AND THE BOARD OF DIRECTORS AND SHAREHOLDERS OF ROYAL DUTCH SHELL PLC", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4715": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4715, + "paragraph": "Other information The other information comprises the information included in the annual report, other than the Financial Statements and our auditor\u2019s report thereon. The Board of Directors of Royal Dutch Shell plc (the Directors) areresponsible for the other information. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4716": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4716, + "paragraph": "Opinion on the Financial Statements We have audited the non-statutory financial statements of the Royal DutchShell Dividend Access Trust (the Financial Statements) for the year ended December 31, 2019 which comprise the Statement of Income, the Statement of Comprehensive Income, the Balance Sheet, the Statement ofChanges in Equity, the Statement of Cash Flows and the related notes 1to 8. The financial reporting framework that has been applied in their preparation is International Financial Reporting Standards (IFRS) as adopted by the European Union (EU) and IFRS as issued by the International Accounting Standards Board (IASB). ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4717": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4717, + "paragraph": "Our opinion on the Financial Statements does not cover the other information and, we do not express any form of assurance conclusionthereon.", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4718": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4718, + "paragraph": "In connection with our audit of the Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Financial Statements orour knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Financial Statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of the otherinformation, we are required to report that fact. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4719": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4719, + "paragraph": "We have nothing to report in this regard. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4720": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4720, + "paragraph": "Responsibilities of the Trustee The Trustee is responsible for the preparation of the Financial Statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustee determines is necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4721": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4721, + "paragraph": "In preparing the Financial Statements, the Trustee is responsible for assessing the Trust\u2019s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustee either intends to liquidate the Trust or to cease operations, or have no realistic alternative but to do so. The Trustee is also required to: present fairly the financial position, financial performance and cash flows of the Trust; select suitable accounting policies in accordance with IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors and then apply them consistently; present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information; make judgements that are reasonable; provide additional disclosures when compliance with the specific requirements in IFRS as adopted by the EU and as issued by the IASB is insufficient to enable users to understand theimpact of particular transactions, other events and conditions on the Trust\u2019sfinancial position and financial performance; and state whether theFinancial Statements have been prepared in accordance with IFRS asadopted by the EU and as issued by the IASB. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4722": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4722, + "paragraph": "In our opinion the Financial Statements: \u25a0 give a true and fair view of the Royal Dutch Shell Divided Access ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4723": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4723, + "paragraph": "Trust\u2019s(the Trust) affairs as at December 31, 2019 and of its income forthe year then ended; and ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4724": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4724, + "paragraph": " \u25a0 have been properly prepared both in accordance with IFRS as ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4725": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4725, + "paragraph": "adopted by the EU and IFRS as issued by the IASB. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4726": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4726, + "paragraph": "Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the \u201cAuditor\u2019s responsibilities for the audit of the financial statements\u201d section of our report below. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the Financial Statements in the UK, including the Financial Reporting Council\u2019s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4727": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4727, + "paragraph": "We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4728": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4728, + "paragraph": "Conclusions relating to going concern We have nothing material to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4729": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4729, + "paragraph": "the Trustee of Royal Dutch Shell Dividend Access Trust\u2019s (the Trustee) use of the going concern basis of accounting in the preparation of the Financial Statements is not appropriate; or the Trustee has not disclosed in the Financial Statements any identified material uncertainties that may cast significant doubt about the Trust\u2019s ability to continue to adopt the going concern basis of accounting foraperiod of at least twelve months from the date of approval of theFinancial Statements. ", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + }, + "4730": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4730, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 269, + "start_index_page": 4714, + "last_index_page": 4730 + } + }, + "270": { + "4731": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4731, + "paragraph": "Auditor\u2019s responsibilities for the audit of the financialstatements Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor\u2019s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not aguarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements. ", + "page": 270, + "start_index_page": 4731, + "last_index_page": 4737 + }, + "4732": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4732, + "paragraph": "A further description of our responsibilities for the audit of the Financial Statements is located on the Financial Reporting Council\u2019s website at https://www.frc.org.uk/auditorsresponsibilities. This description forms partof our auditor\u2019s report. ", + "page": 270, + "start_index_page": 4731, + "last_index_page": 4737 + }, + "4733": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4733, + "paragraph": "Use of our report This report is made solely to the Trustee and the Directors as a body, inaccordance with our engagement letter. Our audit work has been undertaken so that we might state to the Trustee and the Directors those matters we are required to state to them in an auditor\u2019s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and the Trustee and the Directors as a body, for our audit work, for this report, or for the opinions we have formed. ", + "page": 270, + "start_index_page": 4731, + "last_index_page": 4737 + }, + "4734": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4734, + "paragraph": "[A] The maintenance and integrity of the Shell website are the responsibility of the Directors of Royal Dutch Shell plc; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website. ", + "page": 270, + "start_index_page": 4731, + "last_index_page": 4737 + }, + "4735": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4735, + "paragraph": "[B] Legislation in the UK governing the preparation and dissemination of financial statements ", + "page": 270, + "start_index_page": 4731, + "last_index_page": 4737 + }, + "4736": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4736, + "paragraph": "may differ from legislation in other jurisdictions. ", + "page": 270, + "start_index_page": 4731, + "last_index_page": 4737 + }, + "4737": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4737, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 270, + "start_index_page": 4731, + "last_index_page": 4737 + } + }, + "271": { + "4738": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4738, + "paragraph": "ROYAL DUTCH SHELL DIVIDEND ACCESS TRUST FINANCIAL STATEMENTS", + "page": 271, + "start_index_page": 4738, + "last_index_page": 4741 + }, + "4739": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4739, + "paragraph": "269 269 269 270 270 271 271 271 271 271 271 271 271 271 ", + "page": 271, + "start_index_page": 4738, + "last_index_page": 4741 + }, + "4740": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4740, + "paragraph": "Statement of Income Statement of Comprehensive Income Balance Sheet Statement of Changes in Equity Statement of Cash Flows Notes to the Royal Dutch Shell Dividend Access Trust Financial Statements Note 1 The Trust Note 2 Basis of preparation Note 3 Significant accounting policies Note 4 Unclaimed dividends Note 5 Capital account Note 6 Distributions made Note 7 Related parties Note 8 Auditor\u2019s remuneration", + "page": 271, + "start_index_page": 4738, + "last_index_page": 4741 + }, + "4741": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4741, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 271, + "start_index_page": 4738, + "last_index_page": 4741 + } + }, + "272": { + "4742": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4742, + "paragraph": "Dividend income Income before taxation and for the period", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + }, + "4743": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4743, + "paragraph": "STATEMENT OF COMPREHENSIVE INCOME", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + }, + "4744": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4744, + "paragraph": "Income for the period Comprehensive income for the period", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + }, + "4745": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4745, + "paragraph": "Assets Current assets Cash and cash equivalents Total assets Liabilities Current liabilities Unclaimed dividends Total liabilities Equity Capital account Revenue account Total equity Total liabilities and equity", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + }, + "4746": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4746, + "paragraph": "Signed on behalf of Computershare Trustees (Jersey) Limited as Trustee of the Royal Dutch Shell Dividend Access Trust", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + }, + "4747": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4747, + "paragraph": "/s/ Karen Kurys KAREN KURYS March11, 2020", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + }, + "4748": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4748, + "paragraph": "/s/ Martin Fish MARTIN FISH", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + }, + "4749": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4749, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 272, + "start_index_page": 4742, + "last_index_page": 4749 + } + }, + "273": { + "4750": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4750, + "paragraph": "ROYAL DUTCH SHELL DIVIDEND ACCESS TRUST FINANCIAL STATEMENTS continued", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4751": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4751, + "paragraph": "(5,484) \u2013 5,484 5,484 (5,484) (5,484) \u2013 3 3", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4752": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4752, + "paragraph": "Revenue account \u2013 5,484 (5,484) \u2013 \u2013 5,328 (5,328) \u2013 \u2013 4,567 (4,567) \u2013", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4753": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4753, + "paragraph": "(5,328) \u2013 5,328 5,328 (5,327) (5,327) 1 2 3", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4754": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4754, + "paragraph": " million Total equity \u2013 5,484 (5,484) \u2013 \u2013 5,328 (5,328) \u2013 \u2013 4,567 (4,567) \u2013", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4755": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4755, + "paragraph": "(4,567) \u2013 4,567 4,567 (4,567) (4,567) \u2013 2 2", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4756": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4756, + "paragraph": "STATEMENT OF CHANGES IN EQUITY", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4757": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4757, + "paragraph": "At January 1, 2019 Comprehensive income for the period Distributions made At December 31, 2019 At January 1, 2018 Comprehensive income for the period Distributions made At December 31, 2018 At January 1, 2017 Comprehensive income for the period Distributions made At December 31, 2017", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4758": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4758, + "paragraph": "Income for the period Adjustment for: Dividends received Cash flow from operating activities", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4759": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4759, + "paragraph": "Cash flow from investing activities Cash distributions made Cash flow from financing activities Change in cash and cash equivalents Cash and cash equivalents at January 1 Cash and cash equivalents at December 31", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + }, + "4760": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4760, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 273, + "start_index_page": 4750, + "last_index_page": 4760 + } + }, + "274": { + "4761": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4761, + "paragraph": "NOTES TO THE ROYAL DUTCH SHELL DIVIDEND ACCESS TRUST FINANCIALSTATEMENTS", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4762": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4762, + "paragraph": "1 THE TRUST The Royal Dutch Shell Dividend Access Trust (the \u201cTrust\u201d) was established onMay 19, 2005, by The \u201cShell\u201d Transport and Trading Company plc, now The Shell Transport and Trading Company Limited (\u201cShell Transport\u201d), and Royal Dutch Shell plc (the \u201cCompany\u201d). The Trust is governed by the applicable laws of England and Wales and is resident and domiciled in Jersey. The Trust is not subject to taxation. The Trustee of the Trust is Computershare Trustees (Jersey) Limited, registration number 92182 (the \u201cTrustee\u201d), Queensway House, Hilgrove Street, St Helier, Jersey, JE1 1ES. TheTrust was established as part of a dividend access mechanism. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4763": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4763, + "paragraph": "Shell Transport and BG Group Limited (\u201cBG\u201d), have each issued a dividend access share to the Trustee. Following the announcement of a dividend bythe Company on the B shares, Shell Transport and BG may declare adividend on their dividend access shares. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4764": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4764, + "paragraph": "Presentation and functional currency The Trust\u2019s presentation and functional currency is sterling. The Trust\u2019s dividend income and dividends paid are principally in sterling. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4765": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4765, + "paragraph": "Dividend income Dividends on the dividend access shares are recognised on a paid basis unless the dividend has been confirmed by a general meeting of Shell Transport or BG, in which case income is recognised on the date on whichreceipt is deemed virtually certain. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4766": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4766, + "paragraph": "Distributions made Amounts are recorded as distributed once a wire transfer or cheque is issued. To the extent that cheques expire or are returned unpresented, theTrust records a liability for unclaimed dividends and a corresponding amount of cash. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4767": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4767, + "paragraph": "The primary purposes of the Trust are to receive, on behalf of the B shareholders of the Company and in accordance with their respective holdings of B shares in the Company, any amounts paid by way of dividend on the dividend access shares and to pay such amounts to theBshareholders on the same pro rata basis. The Trust is not subject tosignificant market risk, credit risk or liquidity risk. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4768": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4768, + "paragraph": "4 UNCLAIMED DIVIDENDS Unclaimed dividends of 3,456,974 (2018: 2,816,655) include any dividend cheque payments that have not been presented within 12 months, have expired or have been returned unpresented. Dividends which are unclaimed after 12 years will revert to Shell Transport and BGonce forfeited. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4769": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4769, + "paragraph": "The Trust shall not endure for a period in excess of 80 years from May 19, 2005, being the date on which the Trust Deed was executed. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4770": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4770, + "paragraph": "2 THE BASIS OF PREPARATION The Financial Statements of the Trust have been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) as adopted bythe European Union. As applied to the Trust, there are no material differences from IFRS as issued by the International Accounting Standards Board (\u201cIASB\u201d); therefore, the Financial Statements have been prepared in accordance with IFRS as issued by the IASB. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4771": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4771, + "paragraph": "The Financial Statements have been prepared under the historical cost convention. The accounting policies described in Note 3 have been applied consistently in all periods presented. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4772": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4772, + "paragraph": "The Financial Statements were approved and authorised for issue by theTrustee on March 11, 2020. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4773": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4773, + "paragraph": "The financial results of the Trust are included in the Consolidated and Parent Company Financial Statements on pages 190-238 and pages 257-265 respectively. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4774": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4774, + "paragraph": "3 SIGNIFICANT ACCOUNTING POLICIES The Trust\u2019s accounting policies follow those of Shell as set out in Note 2A of the Consolidated Financial Statements (see pages 195-203). The following are Trust-specificpolicies. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4775": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4775, + "paragraph": "5 CAPITAL ACCOUNT The capital account is represented by the dividend access share of 25 pence settled in the Trust by Shell Transport and the dividend access shareof 10 pence settled in the Trust by BG. There have been no changesin the capital account in the current or prior year. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4776": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4776, + "paragraph": "6 DISTRIBUTIONS MADE Distributions are made to the B shareholders of the Company in accordance with the Trust Deed. See Note 23 of the Consolidated Financial Statements (see pages 235) for information about dividendsper share. Any wiretransfers that are not completed are replaced by cheques. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4777": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4777, + "paragraph": "7 RELATED PARTIES The Trust received dividend income of 3,573 million (2018: 3,470 million; 2017: 2,970 million) in respect of the dividend access share fromShell Transport and 1,911 million (2018: 1,858 million; 2017: 1,597million) in respect of the dividend access share from BG. TheTrustmade distributions of 5,484 million (2018: 5,328 million; 2017:4,567 million) to the B shareholders of the Company. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4778": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4778, + "paragraph": "The Company pays the general and administrative expenses of the Trust,including the auditor\u2019s remuneration. ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4779": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4779, + "paragraph": "8 AUDITOR\u2019S REMUNERATION Auditor\u2019s remuneration for 2019 audit services was 33,750 (2018:33,750; 2017: 33,750). ", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + }, + "4780": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4780, + "paragraph": "Shell Annual Report and Accounts 2019Financial Statements", + "page": 274, + "start_index_page": 4761, + "last_index_page": 4780 + } + }, + "275": { + "4781": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4781, + "paragraph": "ADDITIONAL INFORMATION", + "page": 275, + "start_index_page": 4781, + "last_index_page": 4783 + }, + "4782": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4782, + "paragraph": "Shareholder information Non-GAAP measures reconciliations Appendix 1: Significant Subsidiariesand OtherRelated Undertakings (Audited)", + "page": 275, + "start_index_page": 4781, + "last_index_page": 4783 + }, + "4783": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4783, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 275, + "start_index_page": 4781, + "last_index_page": 4783 + } + }, + "276": { + "4784": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4784, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 276, + "start_index_page": 4784, + "last_index_page": 4784 + } + }, + "277": { + "4785": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4785, + "paragraph": "SHARE CAPITAL The issued and fully paid share capital of the Company at February 14, 2020, was as follows: ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4786": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4786, + "paragraph": " Ordinary shares of \u20ac0.07 each", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4787": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4787, + "paragraph": "Sterling deferred shares of 1 each", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4788": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4788, + "paragraph": "Issued and fully paid Number 4,125,109,180 3,727,267,215 50,000", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4789": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4789, + "paragraph": "\u20ac 288,757,643 \u20ac 260,908,705 50,000", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4790": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4790, + "paragraph": "The Directors may only allot new ordinary shares if they have authority from shareholders to do so. The Company seeks to renew this authority annually at its AGM. Under the resolution passed at the Company\u2019s 2019 AGM, the Directors were granted authority to allot ordinary shares up to an aggregate nominal amount equivalent to approximately one-third of the issued ordinary share capital of the Company (in line with the guidelines issued by institutional investors). ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4791": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4791, + "paragraph": "The following is a summary of the material terms of the Company\u2019s ordinary shares, including brief descriptions of the provisions contained in the Articles of Association (the Articles) and applicable laws of England and Wales in effect on the date of this document. This summary does notpurport to include complete statements of these provisions: \u25a0 upon issuance, A and B shares are fully paid and free from all liens, equities, charges, encumbrances and other interest of the Company and not subject to calls of any kind; ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4792": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4792, + "paragraph": " \u25a0 all A and B shares rank equally for all dividends and distributions ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4793": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4793, + "paragraph": "onordinary share capital; and ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4794": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4794, + "paragraph": " \u25a0 A and B shares are admitted to the Official List of the UK Financial Conduct Authority and to trading on the market for listed securities ofthe London Stock Exchange. A and B shares are also admitted totrading on Euronext Amsterdam. A and B ADSs are listed on the NewYork Stock Exchange. ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4795": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4795, + "paragraph": "At December 31, 2019, trusts and trust-like entities holding shares for the benefit of employee share plans of Shell held (directly and indirectly) 35million shares of the Company with an aggregate market value of $1,021 million and an aggregate nominal value of \u20ac3 million.", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4796": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4796, + "paragraph": "SIGNIFICANT SHAREHOLDINGS The Company\u2019s A and B shares have identical voting rights, and accordingly the Company\u2019s major shareholders do not have differentvoting rights. ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4797": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4797, + "paragraph": "SHAREHOLDER INFORMATION", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4798": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4798, + "paragraph": "Royal Dutch Shell plc (the Company) was incorporated in England and Wales on February 5, 2002, as a private company under the Companies Act 1985, as amended. On October 27, 2004, the Company was re-registered as a public company limited by shares and changed its name from Forthdeal Limited to Royal Dutch Shell plc. The Company is registered at Companies House, Cardiff, under company number 4366849, and atthe Chamber of Commerce, The Hague, under company number 34179503. The Legal Entity Identifier (LEI) issued by the London Stock Exchange is 21380068P1DRHMJ8KU70. The business address for the Directors and Senior Management is Carel van Bylandtlaan 30, 2596 HR,The Hague, The Netherlands. ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4799": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4799, + "paragraph": "The Company is resident in the Netherlands for Dutch and UK tax purposes and its primary objective is to carry on the business of a holdingcompany. It is not directly or indirectly owned or controlled by another corporation or by any government and does not know of any arrangements that may result in a change of control of the Company. ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4800": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4800, + "paragraph": "NATURE OF TRADING MARKET The Company has two classes of ordinary shares: A and B shares. The principal trading market for A shares is Euronext Amsterdam and the principal trading market for B shares is the London Stock Exchange. Ordinary shares are traded in registered form. ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4801": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4801, + "paragraph": "A and B American Depositary Shares (ADSs) are listed on the New York Stock Exchange [A]. A depositary receipt is a certificate that evidences ADSs. Depositary receipts are issued, cancelled and exchanged at the office of JP Morgan Chase Bank, N.A., 383 Madison Avenue, New York, New York 10179, USA, as depositary (the Depositary), under a deposit agreement between the Company, the Depositary and the holders of ADSs. Each ADS represents two \u20ac0.07 shares of Royal Dutch Shell plc deposited under the agreement. More information relating to ADSs is given on pages 274-278. [A] At February 14, 2020, 395,595,127 A ADSs and 322,677,233 B ADSs were outstanding, representing 5.04% and 4.11% of the respective share capital class, held by 5,003 and 912 holders of record with an address in the USA, respectively. In addition to holders of ADSs, at February 14, 2020, 21,380 A shares and 920,170 B shares of \u20ac0.07 each were outstanding, representing 0.0003% and 0.0117% of the respective share capital class, held by 299 and 3,061 holders of record registered with an address in the USA, respectively. ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4802": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4802, + "paragraph": "Listing information Ticker symbol London Ticker symbol Amsterdam Ticker symbol New York (ADS [A]) ISIN Code CUSIP SEDOL Number London SEDOL Number Euronext Weighting on FTSE at 31/12/19 Weighting on AEX at 31/12/19 [A] Each A ADS represents two A shares of \u20ac0.07 each and each B ADS represents two B ", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4803": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4803, + "paragraph": "B shares RDSB RDSB RDS.B GB00B03MLX29 GB00B03MM408 G7690A118 B03MM40 B09CBN6 4.44% not included", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4804": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4804, + "paragraph": "G7690A100 B03MLX2 B09CBL4 4.97% 11.9%", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + }, + "4805": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4805, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 277, + "start_index_page": 4785, + "last_index_page": 4805 + } + }, + "278": { + "4806": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4806, + "paragraph": "Significant direct shareholdings Direct holdings of 3% or more of A and B shares combined held by registered members representing the interests of underlying investors at February14,2020 are given below. ", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4807": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4807, + "paragraph": " Nederlands Centraal Instituut Voor Giraal Effectenverkeer Bv Guaranty Nominees Limited State Street Nominees Limited Chase Nominees Limited", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4808": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4808, + "paragraph": "A shares Number 1,648,160,815.00 780,888,066.00 153,192,955.00 39,792,354.00", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4809": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4809, + "paragraph": "Number 15,631,116.00 635,107,032.00 176,114,622.00 223,049,935.00", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4810": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4810, + "paragraph": "Significant indirect shareholdings Interests of investors with 3% or more of A and B shares combined at February 14, 2020 are given below. ", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4811": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4811, + "paragraph": "The Capital Group [A] The Vanguard Group BlackRock Inc [A] Information presented as at February 24, 2020.", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4812": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4812, + "paragraph": "A shares Number 42,482,002 197,154,328 304,037,938", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4813": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4813, + "paragraph": "Number 349,161,475 141,041,343 259,041,285", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4814": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4814, + "paragraph": "Total Number 1,663,791,931.00 1,415,995,098.00 329,307,577.00 262,842,289.00", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4815": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4815, + "paragraph": "Total Number 391,643,477 338,195,671 563,079,223", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4816": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4816, + "paragraph": "Notification of major shareholdings The Company received two notifications pursuant to Disclosure Guidance and Transparency Rule (DTR) 5 during the year and up to February 14, 2020, (being a date not more than one month prior to the date of the Company\u2019s Notice of Annual General Meeting). The information provided includes the percentage of issued capital as at the date of the notifications.", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4817": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4817, + "paragraph": " The Capital Group Companies, Inc.[B] The Capital Group Companies, Inc. [C] [D] [A] Excludes financial instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR 5.3.1.1 (a)) and financial instruments with similar economic effect according to Art. 13(1)(b) of Directive ", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4818": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4818, + "paragraph": "Number 402,448,539 393,464,731", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4819": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4819, + "paragraph": "Number 337,594,482 342,234,201", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4820": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4820, + "paragraph": "A shares Number 64,854,057 51,230,530", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4821": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4821, + "paragraph": "[B] The notification was announced on 9 July 2019. [C] The notification was announced on 20 January 2020. [D] On 24 February 2020, Royal Dutch Shell plc announced receipt of a notification from The Capital Group Companies Inc. disclosing a holding of 31,948,156 A shares and 10,533,846 ", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4822": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4822, + "paragraph": "AADRshares(0.54%) and 166,464,737 B shares and 182,696,738 B ADR shares (4.45%) being a total of 391,643,477 shares held (4.99%). ", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4823": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4823, + "paragraph": "DIVIDENDS The following tables show the dividends on each class of share and each class of ADS for the years 2015\u20132019. ", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4824": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4824, + "paragraph": "Q1 Q2 Q3 Q4 Total announced in respect of the year", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + }, + "4825": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4825, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 278, + "start_index_page": 4806, + "last_index_page": 4825 + } + }, + "279": { + "4826": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4826, + "paragraph": "SHAREHOLDER INFORMATION continued", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4827": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4827, + "paragraph": "Q1 Q2 Q3 Q4 Total announced in respect of the year Amount paid during the year [A] Euro equivalent, rounded to the nearest euro cent. ", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4828": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4828, + "paragraph": "Q1 Q2 Q3 Q4 Total announced in respect of the year Amount paid during the year [A] Sterling equivalent. ", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4829": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4829, + "paragraph": "Q1 Q2 Q3 Q4 Total announced in respect of the year Amount paid during the year", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4830": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4830, + "paragraph": "METHOD OF HOLDING SHARES OR AN INTEREST IN SHARES There are several ways in which Royal Dutch Shell plc registered shares oran interest in these shares can be held, including: \u25a0 directly as registered shares either in uncertificated form or in ", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4831": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4831, + "paragraph": "certificated form in a shareholder\u2019s own name; indirectly through Euroclear Nederland (in respect of which the Dutch Securities Giro Act (\u201cWet giraal effectenverkeer\u201d) is applicable); through the Royal Dutch Shell Corporate Nominee Service; through another third-party nominee or intermediary company; and", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4832": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4832, + "paragraph": " \u25a0 \u25a0 as a direct or indirect holder of either an A or a B ADS with the Depositary.", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4833": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4833, + "paragraph": "AMERICAN DEPOSITARY SHARES The Depositary is the registered shareholder of the shares underlying the A or B ADSs and enjoys the rights of a shareholder under the Articles. Holders of ADSs will not have shareholder rights. The rights of the holder of an A or a B ADS are specified in the Deposit Agreement with the Depositary and are summarised below.", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4834": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4834, + "paragraph": "The Depositary will receive all cash dividends and other cash distributions made on the deposited shares underlying the ADSs and, where possible and on a reasonable basis, will distribute such dividends and distributions to holders of ADSs. Rights to purchase additional shares will also be made available to the Depositary who may make such rights available to holders of ADSs. All other distributions made on the Company\u2019s shares ", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4835": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4835, + "paragraph": " 2019 0.42 0.43 0.42 0.42 1.68 1.68", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4836": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4836, + "paragraph": " 2019 36.97 38.01 35.73 36.40 147.11 146.65", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4837": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4837, + "paragraph": " 2019 0.94 0.94 0.94 0.94 3.76 3.76", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4838": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4838, + "paragraph": " 2018 0.40 0.40 0.41 0.42 1.64 1.60", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4839": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4839, + "paragraph": " 2018 35.18 36.50 36.77 35.94 144.39 142.36", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4840": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4840, + "paragraph": " 2018 0.94 0.94 0.94 0.94 3.76 3.76", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4841": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4841, + "paragraph": "2017 0.42 0.39 0.40 0.38 1.59 1.65", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4842": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4842, + "paragraph": "2017 37.12 36.28 35.02 33.91 142.33 147.06", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4843": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4843, + "paragraph": "2017 0.94 0.94 0.94 0.94 3.76 3.76", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4844": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4844, + "paragraph": "2016 0.42 0.42 0.44 0.44 1.72 1.70", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4845": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4845, + "paragraph": "2016 32.98 35.27 37.16 38.64 144.05 138.19", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4846": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4846, + "paragraph": "2016 0.94 0.94 0.94 0.94 3.76 3.76", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4847": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4847, + "paragraph": "\u20ac [A] 2015 0.42 0.42 0.43 0.42 1.69 1.71", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4848": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4848, + "paragraph": "Pence [A] 2015 30.75 30.92 31.07 32.78 125.52 123.94", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4849": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4849, + "paragraph": "$ 2015 0.94 0.94 0.94 0.94 3.76 3.76", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4850": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4850, + "paragraph": "willbe distributed by the Depositary in any means that the Depositary thinks isequitable and practical. The Depositary may deduct its fees andexpenses and the amount of any taxes owed from any payments toholders and it may sell a holder\u2019s deposited shares to pay any taxes owed.The Depositary is not responsible if it decides that it is unlawful orimpractical to make a distribution available to holders of ADSs. ", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4851": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4851, + "paragraph": "The Depositary will notify holders of ADSs of shareholders\u2019 meetings of theCompany and will arrange to deliver voting materials to such holders of ADSs if requested by the Company. Upon request by a holder, the Depositary will endeavour to appoint such holder as proxy in respect of such holder\u2019s deposited shares entitling such holder to attend and vote at shareholders\u2019 meetings. Holders of ADSs may also instruct the Depositary to vote their deposited securities and the Depositary will try, as far as practical and lawful, to vote deposited shares in accordance with such instructions. The Company cannot ensure that holders will receive voting materials or otherwise learn of an upcoming shareholders\u2019 meeting in time to ensure that holders can instruct the Depositary to vote their shares. ", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4852": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4852, + "paragraph": "Upon payment of appropriate fees, expenses and taxes: (i) shareholders may deposit their shares with the Depositary and receive the corresponding class and amount of ADSs; and (ii) holders of ADSs may surrender their ADSs to the Depositary and have the corresponding class and amount of shares credited to their account. ", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + }, + "4853": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4853, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 279, + "start_index_page": 4826, + "last_index_page": 4853 + } + }, + "280": { + "4854": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4854, + "paragraph": "Further, subject to certain limitations, holders may, at any time, cancel ADSs and withdraw their underlying shares or have the corresponding class and amount of shares credited to their account. ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4855": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4855, + "paragraph": "FEES PAID BY HOLDERS OF ADSs The Depositary collects its fees for delivery and surrender of ADSs directly from investors depositing shares or surrendering ADSs for the purpose of withdrawal or from intermediaries acting for them. The Depositary collects fees for making distributions to investors by deducting those fees from the amounts distributed or by selling a portion of distributable property to pay the fees. The Depositary may generally refuse to provide fee-attracting services until its fees for those services are paid. See page 278. ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4856": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4856, + "paragraph": "PAYMENTS BY DEPOSITARY TO THE COMPANY J.P. Morgan Chase Bank, N.A., as Depositary, has agreed to share with the Company portions of certain fees collected, less ADS programme expenses paid by the Depositary. For example, these expenses include the Depositary\u2019s annual programme fees, transfer agency fees, custody fees, legal expenses, postage and envelopes for mailing annual and interim financial reports, printing and distributing dividend cheques, electronic filing of US federal tax information, mailing required tax forms, stationery, postage, facsimile and telephone calls and the standard out-of-pocket maintenance costs for the ADSs. From January 1, 2019, toFebruary 14, 2020, the Company received $1,320,599 from theDepositary. ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4857": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4857, + "paragraph": "Persons depositing or withdrawing shares must pay: $5.00 or less per 100 ADSs (or portion of 100 ADSs)", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4858": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4858, + "paragraph": "Registration and transfer fees", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4859": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4859, + "paragraph": "Expenses of the Depositary", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4860": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4860, + "paragraph": "Taxes and other governmental charges the Depositary or the custodian has to payon any ADS or share underlying an ADS, for example, share transfer taxes, stamp duty or withholding taxes", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4861": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4861, + "paragraph": "In addition to the above, the Depositary may charge: (i) a dividend fee of $5.00 or less per 100 ADSs (or portion of 100 ADSs) for cash dividends or issuance of ADSs resulting from share dividends and (ii) an administrative fee of $5.00 or less per 100 ADSs (or portion of 100 ADSs) per calendar year. The Company and Depositary have agreed not to charge these fees at this time.", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4862": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4862, + "paragraph": "DIVIDEND REINVESTMENT PLAN Equiniti Financial Services Limited, part of the same group of companies as the Company\u2019s Registrar, Equiniti Limited, operates a Dividend Reinvestment Plan (\u201cDRIP\u201d) which enables RDS shareholders to elect to have their dividend payments used to purchase RDS shares of the same class as those already held by them. More information can be found at www.shareview.co.uk/info/drip or by contacting Equiniti.", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4863": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4863, + "paragraph": "ABN AMRO Bank N.V. and JP Morgan Chase Bank, N.A. also operate dividend reinvestment options. More information can be found by contacting the relevant provider. ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4864": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4864, + "paragraph": "EXCHANGE CONTROLS AND OTHER LIMITATIONS AFFECTING SECURITY HOLDERS Other than restrictions affecting those individuals, entities, government bodies, corporations or agencies that are subject to European Union (EU) sanctions for example, regarding Syria, and those sanctions adopted by the government of the UK, and the general EU prohibition to transfer fundsto and from for example, North Korea, we are not aware of any other legislative or other legal provision currently in force in the UK, theNetherlands or arising under the Articles restricting remittances toholdersof the Company\u2019s ordinary shares who are non-residents oftheUK, or affecting the import or export of capital. ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4865": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4865, + "paragraph": "For: \u25a0 Issuance of ADSs, including those resulting from a distribution of shares, rights or ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4866": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4866, + "paragraph": " \u25a0 Cancellation of ADSs for the purpose of their withdrawal, including if the deposit ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4867": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4867, + "paragraph": " \u25a0 Distribution of securities to holders of deposited securities by the Depositary to ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4868": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4868, + "paragraph": "agreement terminates; and", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4869": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4869, + "paragraph": " \u25a0 Registration and transfer of shares on the share register to or from the name of the ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4870": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4870, + "paragraph": "Depositary or its agent when they deposit or withdraw shares.", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4871": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4871, + "paragraph": " \u25a0 Cable, telex and facsimile transmissions (when expressly provided in the deposit ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4872": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4872, + "paragraph": " \u25a0 Converting foreign currency into dollars. \u25a0 As necessary.", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4873": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4873, + "paragraph": "TAXATION General The Company is incorporated in England and Wales and tax-resident inthe Netherlands. As a tax resident of the Netherlands, it is generally required by Dutch law to withhold tax at a rate of 15% on dividends on its ordinary shares and ADSs, subject to the provisions of any applicable tax convention or domestic law. Depending on their particular circumstances, non-Dutch tax-resident holders may be entitled to a full or partial refund ofDutch withholding tax. The following sets forth the operation of other provisions on dividends on the Company\u2019s various ordinary shares and ADSs to UK and US holders, as well as certain other tax rules pertinent to holders. Holders should consult their own tax adviser if they are uncertain as to the tax treatment of any dividend. ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4874": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4874, + "paragraph": "Dividends paid on the dividend access shares There is no Dutch withholding tax on dividends on B shares or B ADSs, provided that such dividends are paid on the dividend access shares pursuant to the dividend access mechanism (see \u201cDividend access mechanism for B shares\u201d on page 278). Dividends paid on the dividend access shares are treated as UK-source for tax purposes and there is no UK withholding tax on them. ", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + }, + "4875": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4875, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 280, + "start_index_page": 4854, + "last_index_page": 4875 + } + }, + "281": { + "4876": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4876, + "paragraph": "SHAREHOLDER INFORMATION continued", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4877": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4877, + "paragraph": "In 2019, all dividends with respect to B shares and B ADSs were paid on the dividend access shares pursuant to the dividend access mechanism. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4878": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4878, + "paragraph": "Dutch withholding tax When Dutch withholding tax applies on dividends paid to a US holder (that is, dividends on A shares or A ADSs, or on B shares or B ADSs that are not paid on the dividend access shares pursuant to the dividend access mechanism), the US holder will be subject to Dutch withholding tax at the rate of 15%. A US holder who is entitled to the benefits of the 1992 Double Taxation Convention (the Convention) between the USA and the Netherlands as amended by the protocol signed on March 8, 2004, will be entitled to a reduction in the Dutch withholding tax, either by way of a full or a partial exemption at source or by way of a partial refund or a credit as follows: ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4879": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4879, + "paragraph": "if the US holder is an exempt pension trust as described in article 35 of the Convention, or an exempt organisation as described in article 36 thereof, the US holder will be exempt from Dutch withholding tax; or if the US holder is a company that holds directly at least 10% of the voting power in the Company, the US holder will be subject to Dutch withholding tax at a rate not exceeding 5%. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4880": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4880, + "paragraph": "In general, the entire dividend (including any amount withheld) will be dividend income to the US holder and the withholding tax will be treated as a foreign income tax that is eligible for credit against the US holder\u2019s income tax liability or a deduction subject to certain limitations. A \u201cUS holder\u201d includes, but is not limited to, a citizen or resident of the USA, or a corporation or other entity organised under the laws of the USA or any of its political subdivisions. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4881": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4881, + "paragraph": "When Dutch withholding tax applies on dividends paid to UK tax-resident holders (that is, dividends on A shares or A ADSs, or on B shares or B ADSs that are not paid on the dividend access shares pursuant to the dividend access mechanism), the dividend will typically be subject to withholding tax at a rate of 15%. Such UK tax-resident holder may be entitled to a credit (notrepayable) for withholding tax against their UK tax liability. However, certain corporate shareholders are, subject to conditions, exempt from UK tax on dividends. Withholding tax suffered cannot be offset against such exempt dividends. UK tax-resident holders should also be entitled to claim a refund of one-third of the Dutch withholding tax from the Dutch tax authorities in reliance on the tax convention between the Netherlands and the UK. Pension plans meeting certain defined criteria can, however, be entitled to claim a full refund or exemption at source of the dividend tax withheld. Also, UK tax-resident corporate shareholders holding at least a 5% shareholding and meeting other defined criteria are exempted at source from dividend tax. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4882": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4882, + "paragraph": "For holders who are tax-resident in any other country, the availability of a whole or partial exemption or refund of Dutch withholding tax is governed by Dutch tax law and/or the tax convention, if any, between the Netherlands and the country of the holder\u2019s residence. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4883": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4883, + "paragraph": "There may be other grounds on which holders who are tax-resident in the UK, the USA or any other country can obtain a full or partial refund of the Dutch withholding tax, depending on their particular circumstances; see \u201cTaxation: General\u201d above. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4884": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4884, + "paragraph": "Dutch capital gains taxation Capital gains on the sale of shares of a Dutch tax-resident company by a US holder are generally not subject to taxation by the Netherlands unless the US holder has a permanent establishment therein and the capital gain is derived from the sale of shares that are part of the business property of the permanent establishment. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4885": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4885, + "paragraph": "Dutch succession duty and gift taxes Shares of a Dutch tax-resident company held by an individual who is not a resident or a deemed resident of the Netherlands will generally not be subject to succession duty in the Netherlands on the individual\u2019s death. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4886": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4886, + "paragraph": "A gift of shares of a Dutch tax-resident company by an individual who is not a resident or a deemed resident of the Netherlands is generally not subject to Dutch gift tax. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4887": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4887, + "paragraph": "UK stamp duty and stamp duty reserve tax Sales or transfers of the Company\u2019s ordinary shares within a clearance service (such as Euroclear Nederland) or of the Company\u2019s ADSs within the ADS depositary receipts system will not give rise to a stamp duty reserve tax (\u201cSDRT\u201d) liability and should not in practice require the payment of UK stamp duty. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4888": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4888, + "paragraph": "The transfer of the Company\u2019s ordinary shares to a clearance service (such as Euroclear Nederland) or to an issuer of depositary shares (such as ADSs) will generally give rise to a UK stamp duty or SDRT liability at the rate of 1.5% of consideration given or, if none, of the value of the shares. A sale of the Company\u2019s ordinary shares that are not held within a clearance service (for example, settled through the UK\u2019s CREST system of paperless transfers) will generally be subject to UK stamp duty or SDRT at the rate of 0.5% of the amount of the consideration, normally paid by the purchaser. ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4889": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4889, + "paragraph": "CAPITAL GAINS TAX For the purposes of UK capital gains tax, the market values [A] of the shares of the former public parent companies of the Royal Dutch/Shell Group at the relevant dates were: ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4890": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4890, + "paragraph": " Royal Dutch Petroleum Company (N.V. Koninklijke Nederlandsche Petroleum Maatschappij) which ceased to exist on December 21, 2005 The \u201cShell\u201d Transport and Trading Company, p.l.c. which delisted on July 19, 2005", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4891": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4891, + "paragraph": " July 20, 2005 March 31, 1982 1.1349 17.6625 1.4502 Not applicable", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4892": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4892, + "paragraph": "[A] Restated where applicable to reflect all capitalisation issues since the relevant date. This includes the change in the capital structure in 2005, when Royal Dutch Shell plc became the single parent ", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4893": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4893, + "paragraph": "company of Royal Dutch Petroleum Company and of The \u201cShell\u201d Transport and Trading Company, p.l.c., now The Shell Transport and Trading Company Limited, and one share in Royal Dutch Petroleum Company was exchanged for two Royal Dutch Shell plc A shares and one share in The \u201cShell\u201d Transport and Trading Company, p.l.c. was exchanged for 0.287333066 Royal Dutch Shell plc B shares.", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + }, + "4894": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4894, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 281, + "start_index_page": 4876, + "last_index_page": 4894 + } + }, + "282": { + "4895": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4895, + "paragraph": "NON-GAAP MEASURES RECONCILIATIONS", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4896": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4896, + "paragraph": "These non-GAAP measures, also known as alternative performance measures, are financial measures other than those defined in International Financial Reporting Standards, which Shell considers provide useful information. ", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4897": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4897, + "paragraph": "EARNINGS ON A CURRENT COST OF SUPPLIES BASIS Segment earnings are presented on a current cost of supplies basis (CCS earnings), which is the earnings measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance. On this basis, the purchase price of volumes sold during the period is based on the current cost of supplies during the same period after making allowance for the tax effect. CCS earnings therefore exclude the effect of changes in the oil price on inventory carrying amounts. The current cost of supplies adjustment does not impactCash flow from operating activities in the \u201cConsolidated Statementof Cash Flows\u201d.", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4898": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4898, + "paragraph": "Reconciliation of CCS earnings to income for the period", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4899": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4899, + "paragraph": "Earnings on a current cost of supplies basis (CCS earnings) Attributable to non-controlling interest Earnings on a current cost of supplies basis attributable to Royal Dutch Shell plc shareholders Current cost of supplies adjustment Non-controlling interest Income attributable to Royal Dutch Shell plc shareholders Non-controlling interest Income for the period", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4900": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4900, + "paragraph": "CASH CAPITAL EXPENDITURE AND CAPITAL INVESTMENT Capital investment is a measure used to make decisions about allocating resources and assessing performance. It comprises Capital expenditure, Investments in joint ventures and associates and Investments in equity securities, exploration expense excluding well write-offs, leases recognised in the period and other adjustments.", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4901": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4901, + "paragraph": "The definition reflects two changes with effect from January 1, 2019, for simplicity reasons. Firstly, \u201cInvestments in equity securities\u201d now includes investments under the Corporate segment and is aligned with the line introduced in the Consolidated Statement of Cash Flows from January 1, 2019. Secondly, the adjustments previously made to bring the Capital investment measure onto an accruals basis no longer apply. Comparativeinformation has been revised.", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4902": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4902, + "paragraph": "Cash capital expenditure is introduced with effect from January 1, 2019, tomonitor investing activities on a cash basis, excluding items such as lease additions which do not necessarily result in cash outflows in the period. The measure comprises the following lines from the Consolidated Statement of Cash flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities. Information for prior periods are stated to enable comparison.", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4903": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4903, + "paragraph": "The reconciliation of \u201cCapital expenditure\u201d to \u201cCash capital expenditure\u201d and \u201cCapital investment\u201d is as follows.", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4904": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4904, + "paragraph": "Cash capital expenditure and Capital investment reconciliation $ million 2017 20,845 595 93 21,533", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4905": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4905, + "paragraph": "Capital expenditure [A] Investments in joint ventures and associates [A] Investments in equity securities [A] Cash capital expenditure Of which:", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4906": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4906, + "paragraph": "Integrated Gas Upstream Downstream Corporate", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4907": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4907, + "paragraph": "Exploration expense, excluding exploration wells written off Leases recognised in the period Other adjustments Capital investment Of which:", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4908": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4908, + "paragraph": "Integrated Gas Upstream Downstream Corporate", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4909": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4909, + "paragraph": "[A] Included within Cash flow from investing activities in the \u201cConsolidated Statement of ", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4910": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4910, + "paragraph": "OPERATING EXPENSES Operating expenses is a measure of Shell\u2019s cost management performance, comprising items from the \u201cConsolidated Statement ofIncome\u201d as follows. ", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4911": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4911, + "paragraph": "Production and manufacturing expenses Selling, distribution and administrative expenses Research and development Total Of which", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4912": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4912, + "paragraph": "Integrated Gas Upstream Downstream Corporate", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4913": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4913, + "paragraph": "2019 26,438 10,493 962 37,893", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4914": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4914, + "paragraph": "2018 26,970 11,360 986 39,316", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4915": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4915, + "paragraph": "$ million 2017 26,652 10,509 922 38,083", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + }, + "4916": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4916, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 282, + "start_index_page": 4895, + "last_index_page": 4916 + } + }, + "283": { + "4917": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4917, + "paragraph": "NON-GAAP MEASURES RECONCILIATIONS continued", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4918": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4918, + "paragraph": "SHAREHOLDER DISTRIBUTION Shareholder distribution is used to evaluate the level of cash distribution toshareholders. It is defined as the sum of Cash dividends paid to Royal Dutch Shell plc shareholders and Repurchases of shares, both of which arereported in the Consolidated Statement of Cash Flows. ", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4919": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4919, + "paragraph": "Calculation of shareholder distribution", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4920": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4920, + "paragraph": "Cash dividends paid to Royal Dutch Shellplcshareholders Repurchases of shares Shareholder distribution", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4921": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4921, + "paragraph": "DIVESTMENTS Following the completion of the $30 billion divestment programme for 2016-18, the Divestments measure was discontinued with effect from January 1, 2019.", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4922": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4922, + "paragraph": "RETURN ON AVERAGE CAPITAL EMPLOYED Return on average capital employed (ROACE) measures the efficiency of our utilisation of the capital that we employ. In this calculation, ROACE is defined as income for the period, adjusted for after-tax interest expense, as a percentage of the average capital employed for the period. Capital employed consists of total equity, current debt and non-current debt.", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4923": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4923, + "paragraph": "Calculation of return on average capital employed ", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4924": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4924, + "paragraph": "Income for the period Interest expense after tax Income before interest expense Capital employed \u2013 opening Capital employed \u2013 closing Capital employed \u2013 average ROACE", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4925": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4925, + "paragraph": "$ million 2017 13,435 2,995 16,430 295,398 283,477 280,988 286,887 279,358 283,477 281,417 282,233 291,142 6.7% 5.8%", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4926": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4926, + "paragraph": "FREE CASH FLOW AND ORGANIC FREE CASH FLOW Free cash flow is used to evaluate cash available for financing activities, including dividend payments, after investment in maintaining and growing our business. ", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4927": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4927, + "paragraph": "Organic free cash flow is introduced in 2019, and it is defined as Free cashflow excluding the cash flows from acquisition and divestment activities. Itis a measure used by management to evaluate generation ofcash flowwithout these activities. Information for 2018 is stated to enable comparison.", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4928": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4928, + "paragraph": "Free cash flow and Organic free cash flow", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4929": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4929, + "paragraph": "$ million 2017 35,650 (8,029) 27,621", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4930": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4930, + "paragraph": "2019 42,178 (15,779) 26,399 7,871 187", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4931": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4931, + "paragraph": "2018 53,085 (13,659) 39,426 10,465 482", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4932": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4932, + "paragraph": "Cash flow from operating activities Cash flow from investing activities Free cash flow Less: Cash inflows related to divestments [A] Add: Tax paid on divestments Add: Cash outflows related to inorganic capital expenditure [B] Organic free cash flow [A] Cash inflows related to divestments includes Proceeds from sale of property, plant and ", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4933": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4933, + "paragraph": "equipment and businesses, Proceeds from sale of joint ventures and associates, and Proceeds from sale of equity securities as reported in the \"Consolidated Statement of Cash Flows\". [B] Cash outflows related to inorganic capital expenditure includes portfolio actions which expand Shell's activities through acquisitions and restructuring activities as reported in capitalexpenditure lines in the \"Consolidated Statement of Cash Flows\". ", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + }, + "4934": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4934, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 283, + "start_index_page": 4917, + "last_index_page": 4934 + } + }, + "284": { + "4935": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4935, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 284, + "start_index_page": 4935, + "last_index_page": 4935 + } + }, + "285": { + "4936": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4936, + "paragraph": "SIGNIFICANT SUBSIDIARIES AND OTHER RELATED UNDERTAKINGS (AUDITED) Significant subsidiaries and other related undertakings at December 31, 2019, are set out below. Shell\u2019s percentage of share capital is shown to the nearest whole number. All subsidiaries have been included in the \u201cConsolidated Financial Statements\u201d on pages 190-238, and those held directly by theCompany are marked with the footnote [a]. A number of the entities listed are dormant or not yet operational. Entities that are proportionately consolidated are identified by the footnote [b]. Shell-owned shares are ordinary (voting) shares unless identified with one of the following annotations against the company name: [c] Membership interest; [d] Partnership capital; [e] Non-redeemable; [f] Ordinary, Membership interest; [g] Ordinary, Non-redeemable; [h] Ordinary, Partnership capital; [i] Ordinary, Redeemable; [j] Ordinary, Redeemable, Non-redeemable; and [k] Redeemable, Non-redeemable. ", + "page": 285, + "start_index_page": 4936, + "last_index_page": 4942 + }, + "4937": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4937, + "paragraph": "Company by country of incorporation ARGENTINA Shell Argentina S.A. AUSTRALIA 1st Energy Pty Ltd Alliance Automation Pty Ltd Arrow Energy Holdings Pty Ltd Austen & Butta Pty Ltd BC 789 Holdings Pty Ltd BG CPS Pty Limited BNG (Surat) Pty Ltd Braemar 3 Holdings Pty Ltd CCM Energy Solutions Pty Ltd Condamine 1 Pty Ltd Condamine 2 Pty Ltd Condamine 3 Pty Ltd Condamine 4 Pty Ltd Condamine Power Station Pty Ltd E.R.M. Oakey Power Pty Ltd Energy Locals Pty Ltd ERM Braemar 3 Power Pty Ltd ERM Braemar 3 Pty Ltd ERM Employee Share Plan Administrator Pty Ltd ERM Energy Solutions Holdings Pty Ltd ERM Financial Services Pty Ltd ERM Gas Pty Ltd ERM Gas WA01 Pty Ltd ERM Holdings Pty Ltd ERM Innovation Labs Pty Ltd ERM Land Holdings Pty Ltd ERM Neerabup Power Pty Ltd ERM Neerabup Pty Ltd ERM Oakey Power Holdings Pty Ltd ERM Power Developments Pty Ltd ERM Power Engineering Pty Ltd ERM Power Generation Pty Ltd ERM Power International Pty Ltd ERM Power Investments Pty Ltd ERM Power Limited ERM Power Projects Pty Ltd ERM Power Retail Pty Ltd ERM Power Services Pty Ltd ERM Power Utility Systems Pty Ltd ERM Wellington 1 Holdings Pty Ltd ESCO Pacific Holdings Pty Ltd Fuelink Pty Ltd Greensense Pty Ltd Lumaled Pty Ltd New South Oil Pty Ltd NewGen Neerabup Pty Ltd [b] NewGen Power Neerabup Pty Ltd [b]", + "page": 285, + "start_index_page": 4936, + "last_index_page": 4942 + }, + "4938": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4938, + "paragraph": "Address of registered office", + "page": 285, + "start_index_page": 4936, + "last_index_page": 4942 + }, + "4939": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4939, + "paragraph": "Avenida Pte. Roque Senz Pena 788, 5th floor, Buenos Aires, 1383", + "page": 285, + "start_index_page": 4936, + "last_index_page": 4942 + }, + "4940": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4940, + "paragraph": "Level 4, 459 Little Collins Street, Melbourne, VIC 3000 c/o Alands Accountants, Level 1/293 Queen Street, Brisbane, QLD 4000 Level 39, 111 Eagle Street, Brisbane, QLD 4000 Shell House, 562 Wellington Street, Perth, WA 6000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 132 Cremorne Street, Richmond, VIC 3121 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 4, 13 Cremorne Street, Richmond, VIC 3121 Shell House, 562 Wellington Street, Perth, WA 6000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000", + "page": 285, + "start_index_page": 4936, + "last_index_page": 4942 + }, + "4941": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4941, + "paragraph": "30 50 50 100 100 100 100 100 100 100 100 100 100 100 100 33 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 49 100 100 100 100 50 50", + "page": 285, + "start_index_page": 4936, + "last_index_page": 4942 + }, + "4942": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4942, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 285, + "start_index_page": 4936, + "last_index_page": 4942 + } + }, + "286": { + "4943": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4943, + "paragraph": "Company by country of incorporation North West Shelf LNG Pty Ltd Oakey Power Holdings Pty Ltd OME Resources Australia Pty Ltd Out Performers Trading Pty Ltd Petroleum Resources (Thailand) Pty. Limited PowerMetric Metering Pty Ltd Provident & Pensions Holdings Proprietary Limited Pure Energy Resources Pty Limited QCLNG Operating Company Pty Ltd [i] QCLNG Pty Ltd QGC (B7) Pty Ltd QGC (Exploration) Pty Ltd QGC (Infrastructure) Pty Ltd QGC Common Facilities Company Pty Ltd QGC Holdings 2 Pty Ltd QGC Holdings 3 Pty Ltd QGC Holdings 4 Pty Ltd QGC Holdings 5 Pty Ltd QGC Holdings 6 Pty Ltd QGC Holdings 7 Pty Ltd QGC Holdings 8 Pty Ltd QGC Holdings 9 Pty Ltd QGC Midstream Holdings Pty Ltd QGC Midstream Investments Pty Ltd QGC Midstream Land Pty Ltd QGC Midstream Limited Partnership QGC Midstream Services Pty Ltd QGC Northern Forestry Pty Ltd QGC Pty Limited QGC Sales Qld Pty Ltd QGC Train 1 Pty Ltd QGC Train 1 Tolling Pty Ltd QGC Train 1 UJV Manager Pty Ltd QGC Train 2 Pty Ltd QGC Train 2 Tolling No.2 Pty Ltd QGC Train 2 Tolling Pty Ltd QGC Train 2 UJV Manager Pty Ltd QGC Upstream Finance Pty Ltd QGC Upstream Holdings Pty Ltd QGC Upstream Investments Pty Ltd QGC Upstream Limited Partnership Queensland Electricity Investors Pty Ltd Queensland Gas Company Pty Ltd Richmond Valley Solar Thermal Pty Ltd Roma Petroleum Pty Limited SASF Pty Ltd SGA (Queensland) Pty Ltd SGAI Pty Limited Shell Australia FLNG Pty Ltd Shell Australia Lubricants Production Pty Ltd Shell Australia Pty Ltd Shell Australia Services Company Pty Ltd Shell Custodian Pty Ltd Shell Development (PSC19) Pty Ltd Shell Development (PSC20) Pty Ltd Shell Energy Australia Pty Ltd Shell Energy Holdings Australia Limited Shell Energy Investments Australia Pty Ltd", + "page": 286, + "start_index_page": 4943, + "last_index_page": 4946 + }, + "4944": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4944, + "paragraph": "Address of registered office Shell House, 562 Wellington Street, Perth, WA 6000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Shell House, 562 Wellington Street, Perth, WA 6000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 42, Bourke Place, 600 Bourke Street, Melbourne, VIC 3000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 42, Bourke Place, 600 Bourke Street, Melbourne, VIC 3000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 52, 111 Eagle Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Shell House, 562 Wellington Street, Perth, WA 6000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000 Level 30, 275 George Street, Brisbane, QLD 4000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000", + "page": 286, + "start_index_page": 4943, + "last_index_page": 4946 + }, + "4945": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4945, + "paragraph": "% 100 100 100 100 100 100 100 100 75 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 286, + "start_index_page": 4943, + "last_index_page": 4946 + }, + "4946": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4946, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 286, + "start_index_page": 4943, + "last_index_page": 4946 + } + }, + "287": { + "4947": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4947, + "paragraph": "Company by country of incorporation AUSTRALIA continued Shell Global Solutions Australia Pty Ltd Shell New Energies Australia Pty Ltd Shell QGC Pty Ltd Shell Tankers Australia Pty Ltd Solpod Pty Ltd Sonnen Australia Pty Limited Starzap Pty Ltd Sunshine 685 Pty Limited Trident LNG Shipping Services Pty Ltd Trident Shipping Services Pty Ltd Walloons Coal Seam Gas Company Pty Limited [i] AUSTRIA Salzburg Fuelling GmbH Shell Austria Gesellschaft mbH Shell Brazil Holding GmbH Shell China Holding GmbH TBG Tanklager Betriebsgesellschaft m.b.H. Transalpine lleitung in sterreich GmbH BAHAMAS Shell E & P Ireland Offshore Inc. BARBADOS Shell Trinidad and Tobago Resources SRL Shell Western Supply and Trading Limited BELGIUM Belgian Shell S.A. New Market Belgium S.A. Shell Catalysts & Technologies Belgium N.V. The New Motion Belgium BVBA BERMUDA Egypt LNG Shipping Limited Gas Investments & Services Company Limited Kuwait Shell Limited Pecten Somalia Company Limited Qatar Shell GTL Limited Sakhalin Energy Investment Company Ltd Shell Australia Natural Gas Shipping Limited Shell Bermuda (Overseas) Limited Shell Deepwater Borneo Limited Shell EP International Limited Shell Holdings (Bermuda) Limited Shell International Trading Middle East Limited Shell Markets (Middle East) Limited Shell Mexico Exploration and Production Investment Limited Shell Offshore Central Gabon Ltd Shell Oman Trading Limited Shell Overseas Holdings (Oman) Limited Shell Petroleum (Malaysia) Ltd Shell Saudi Arabia (Refining) Limited Shell South Syria Exploration Limited Shell Trading (M.E.) Private Limited Shell Trust (Bermuda) Limited Shell Trust (U.K. Property) Limited Solen Insurance Limited Solen Life Insurance Limited", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4948": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4948, + "paragraph": "Address of registered office", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4949": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4949, + "paragraph": "Shell House, 562 Wellington Street, Perth, WA 6000 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Shell House, 562 Wellington Street, Perth, WA 6000 c/o Jeffrey Zivin, 140 Belmore Road, Balwyn, VIC 3103 Lionsgate Business Park, Level 3, Main Administration Building, 180 Philip Highway, Elizabeth South, SA 5112 Level 30, 275 George Street, Brisbane, QLD 4000 Level 30, 275 George Street, Brisbane, QLD 4000 Shell House, 562 Wellington Street, Perth, WA 6000 Shell House, 562 Wellington Street, Perth, WA 6000 Level 30, 275 George Street, Brisbane, QLD 4000", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4950": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4950, + "paragraph": "Innsbrucker Bundesstrasse 95, Salzburg, 5020 Tech Gate, Donau-City-Str. 1, Vienna, 1220 Tech Gate, Donau-City-Str. 1, Vienna, 1220 Schulhof 6/1, Vienna, 1010 Rettenlackstrasse 3, Salzburg, 5020 Kienburg 11, Matrei in Osttirol, 9971", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4951": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4951, + "paragraph": "P.O. Box N4805, St. Andrew's Court, Frederick Street Steps, Nassau", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4952": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4952, + "paragraph": "One Welches, Welches, St. Thomas, BB22025 GTC Corporate Services Limited, Sassoon House, Shirley Street & Victoria Avenue, Nassau", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4953": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4953, + "paragraph": "Cantersteen 47, Brussels, 1000 Cantersteen 47, Brussels, 1000 Pantserschipstraat 331, Gent, 9000 Regentlaan 37-40, Brussels, 1000", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4954": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4954, + "paragraph": "Clarendon House, 2 Church Street, Hamilton, HM 11 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 Clarendon House, 2 Church Street, Hamilton, HM 11 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12 3rd Floor Continental Building, 25 Church Street, Hamilton, HM 12", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4955": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4955, + "paragraph": "100 100 100 100 24 100 100 100 100 100 75", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4956": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4956, + "paragraph": "25 85 100 100 100 28 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + }, + "4957": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4957, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 287, + "start_index_page": 4947, + "last_index_page": 4957 + } + }, + "288": { + "4958": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4958, + "paragraph": "Company by country of incorporation BRAZIL BG Comercio e Importacao Ltda. BG do Brasil Ltda. BG Petroleo & Gas Brasil Ltda. Fusus Comrcio e Participaes Ltda. Icolub \u2013 Industria de Lubrificantes S.A. Marlim Azul Energia S.A. Pecten do Brasil Servicos de Petroleo Ltda. Raizen Combustveis S.A. Raizen Energia S.A. Seapos Ltda. Shell Brasil Participaes Ltda. Shell Brasil Petroleo Ltda.", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4959": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4959, + "paragraph": "Shell Energy Brasil Comercializadora de Energia Ltda. Shell Energy do Brasil Ltda. BRUNEI Brunei LNG Sendirian Berhad Brunei Shell Marketing Company Sendirian Berhad Brunei Shell Petroleum Company Sendirian Berhad Brunei Shell Tankers Sendirian Berhad Shell Borneo Sendirian Berhad BULGARIA Shell Bulgaria Ead CAMBODIA Angkor Resources Company Limited CANADA 10084751 Canada Limited 1745844 Alberta Ltd. 7026609 Canada Inc. 7645929 Canada Limited Alberta Products Pipe Line Ltd. Cansolv Technologies Inc. Coral Cibola Canada Inc. FP Solutions Corporation LNG Canada Development Inc. [b] Sable Offshore Energy Inc. SCL Pipeline Inc. SFJ Inc. Shell Americas Funding (Canada) Limited Shell Canada BROS Inc. Shell Canada Energy [c] Shell Canada Limited Shell Canada OP Inc. Shell Canada Products Shell Canada Resources [c] Shell Canada Services Limited Shell Catalysts & Technologies Canada Inc. Shell Chemicals Canada [c] Shell Energy Merchants Canada Inc. Shell Energy North America (Canada) Inc. Shell Global Solutions Canada Inc. Shell Quebec Limite Shell Trading Canada [c] Shell Treasury Centre Canada Inc Sun-Canadian Pipe Line Company Limited Trans-Northern Pipelines Inc. Zeco Systems (Canada) Inc.", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4960": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4960, + "paragraph": "Address of registered office", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4961": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4961, + "paragraph": "Avenida das Republica do Chile 330, 23 Andar, Torre 2, Centro, Rio de Janeiro, 20031-170 Avenida das Republica do Chile 330, 23 Andar, Torre 2, Sala 2309, Centro, Rio de Janeiro, 20031-170 Avenida das Republica do Chile 330, 23 Andar (parte) \u2013 Torre 2, Centro, Rio de Janeiro, 20031-170 Avenida das Republica do Chile n 330, Bloco 2, Sala 2001 \u2013 Centro, Rio de Janeiro, 20031-170 Praia Intendente Bittencourt, 2 (Parte), Ilha do Governador, Rio de Janeiro, 21930-030 Avenida Paulista, 1274, 8 andar, Conjunto 23, Sala B, Bela Vista, So Paulo, 01310-100 Av. Repblica do Chile n 330, Bloco 2, Sala 2301, Centro, Rio de Janeiro, 20031-170 Avenida das Almirante Barroso, n 81, 36 Andar, Sala 36A104, Rio de Janeiro, 20031-004 Avenida Brigadeiro Faria Lima, 4100, 11th floor, part V, Itaim Bibi, So Paulo, 04538-132 Av. Repblica do Chile n 330, Bloco 2, Sala 2401, Centro, Rio de Janeiro, 20031-170 Avenida Brigadeiro Faria Lima, 3311, Conj 81 Sala 02, Itam Bibi, So Paulo, 04538-133 Av. Repblica do Chile n 330, Bloco 2, Salas 2001, 2301, 2401, 2501, 3101, 3201, 3301 e 3401, Centro, Rio de Janeiro, 20031-170 Avenida Brigadeiro Faria Lima n 3.311, Conj 81, Sala 01, Itam Bibi, So Paulo, 04538-133 Avenida Brigadeiro Faria Lima n 3.311, Conjunto 82, Itaim Bibi, So Paulo, 04538-133", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4962": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4962, + "paragraph": "Lumut, Seria, KC2935 Brunei Shell Petroleum Company, Sendirian Berhad, Seria, KB2933 Jalan Utara, Panaga, Seria, KB2933 Jalan Utara, Panaga, Seria, KB2933 c/o BSP Head Office, NDCO Block, Ground Floor, Jalan Utara, Panaga Seria, KB3534", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4963": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4963, + "paragraph": "48, Sitnyakovo Blvd., Serdika Offices, 8th floor, Sofia, 1505", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4964": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4964, + "paragraph": "186C, Street No. 155, N/A \u2013 Tuol Tumpung Muoy, Chamkar Mon, Phnom Penh", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4965": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4965, + "paragraph": "400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 2100, 855 \u2013 2nd Street S.W., Calgary, Alberta, T2P 4J8 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 5305 McCall Way N.E., Calgary, Alberta, T2E 7N7 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 1701 Hollis Street, Suite 1400, Halifax, Nova Scotia, B3J 3M8 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 199 Bay Street, Suite 5300, Commerce Court West, Toronto, Ontario, M5L 1B9 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 400 4th Avenue S.W., Calgary, Alberta, T2P 0J4 830 Highway No. 6 North, Flamborough, Ontario, L0R 2H0 45 Vogel Road, Suite 310, Richmond Hill, Ontario, L4B 3P6 295 Hagey Boulevard, Suite 300, Waterloo, Ontario, N2L 6R6", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4966": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4966, + "paragraph": "100 100 100 100 100 30 100 54 49 100 100 100", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4967": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4967, + "paragraph": "100 50 100 100 20 100 100 33 40 33 100 50 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 45 33 100", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + }, + "4968": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4968, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 288, + "start_index_page": 4958, + "last_index_page": 4968 + } + }, + "289": { + "4969": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4969, + "paragraph": "Company by country of incorporation CAYMAN ISLANDS Beryl North Sea Limited", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4970": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4970, + "paragraph": "BG Egypt S.A. BG Exploration and Production India Limited Gas Resources Limited Schiehallion Oil & Gas Limited", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4971": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4971, + "paragraph": "Shell Bolivia Corporation Shell North Sea Holdings Limited CHILE Shell Chile S.A. CHINA Anhui Shell Energy Company Limited", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4972": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4972, + "paragraph": "Beijing Shell Petroleum Company Ltd. Cansolv Technologies (Beijing) Company Limited Chongqing Doyen Shell Petroleum and Chemical Co. Ltd. CNOOC and Shell Petrochemicals Company Limited Fujian Xiangyu and Shell Petroleum Company Limited Hangzhou Natural Gas Company Limited Hubei Shell Energy Company Limited Hunan Shell Energy Company Limited Infineum (China) Co. Ltd. Jiangsu Shell Energy Company Limited Shell (Beijing) Real Estate Consulting Ltd. Shell (China) Limited Shell (China) Projects & Technology Limited Shell (Shanghai) Petroleum Company Limited Shell (Shanghai) Technology Limited Shell (Tianjin) Lubricants Company Limited", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4973": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4973, + "paragraph": "Shell (Tianjin) Oil and Petrochemical Company Limited Shell (Zhejiang) Petroleum Trading Limited Shell (Zhuhai) Lubricants Company Limited Shell Energy (China) Limited Shell Management and Consulting Company Limited Shell North China Petroleum Group Co., Ltd.", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4974": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4974, + "paragraph": "Yanchang and Shell (Sichuan) Petroleum Company Limited Yanchang and Shell Petroleum Company Limited Zhejiang Shell Fuels Company Limited Zhejiang Shell Oil and Petrochemical Company Limited Zhejiang Transfar and Shell Energy Company Limited COLOMBIA C.I. Shell Comercializadora Colombia, S.A.S Shell Colombia S.A. COOK ISLANDS Branstone (International) Limited [i] CTE D'IVOIRE Cote d'Ivoire GNL CYPRUS Rosneft-Shell Caspian Ventures Limited", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4975": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4975, + "paragraph": "Shell Road Solutions (Zhenjiang) Co. Ltd Shell Road Solutions Xinyue (Foshan) Co. Ltd. Sinopec and Shell (Jiangsu) Petroleum Marketing Company Limited No. 100, Xingang Dadao, Nanjing Economic and Technological Development Zone, Nanjing, Jiangsu, 210000 Suzhou Liyuan Retail Site Management Co., Ltd. Yanchang and Shell (Guangdong) Petroleum Co., Ltd.", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4976": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4976, + "paragraph": "No. 358 Zhuhui Road, Suzhou, 215000 39th Floor as Planning-designed (41st Floor as Self-designated), Leatop Plaza, No. 32 East Zhujiang Road, Zhujiang New Town, Tianhe District, Guangzhou, 510623 23F, Yanlord Square, Section 2, Renmin South Road, Chengdu, Sichuan, 610016 18th Floor, Tower 1, Yongli International Finance Centre, Jinye No. 1 Road, High-tech District, Xi'an, 710075 Room 2103, North Tower, Yefeng Modern Center, No. 161, Shaoxing Road, Xiacheng District, Hangzhou, Zhejiang, 310004 The Port of Zhapu, Jiaxing Municipality, Zhejiang, 314201 Rm 1503, Building 2, Plaza of ZBA, No. 939 Minhe Road, Ningwei Street, Xiaoshan, Hangzhou, Zhejiang, 311215", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4977": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4977, + "paragraph": "Calle 90 No. 19 \u2013 41, Oficina 702- Edificio Quantum, Bogot, 452 Calle 90 No. 19 \u2013 41, Oficina 702- Edificio Quantum, Bogot, 452", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4978": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4978, + "paragraph": "Bermuda House, Tutakimoa Road, Rarotonga", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4979": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4979, + "paragraph": "14, Blvd Carde, Imm. Les Heveas, Plateau, Abidjan, BP V 194", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4980": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4980, + "paragraph": "Metochiou str, 37, Agios Andreas, Nicosia, CY-1101", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4981": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4981, + "paragraph": "Address of registered office", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4982": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4982, + "paragraph": "Sterling Trust (Cayman) Limited, Whitehall House, 238 North Church Street, P.O. Box 1043, George Town, Grand Cayman, KY1-1102 5th Floor, Bermuda House, Dr. Roy's Drive, George Town, Grand Cayman, KY1-1102 Campbells, Floor 4, Willow House, Cricket Square, George Town, Grand Cayman, KY1-9010 Zephyr House, 122 Mary Street, P.O. Box 2570, George Town, Grand Cayman, KY1-1103 Caledonian Trust (Cayman) Limited, Caledonian House, 69 Dr Roy's Drive P.O. Box 1043, George Town, Grand Cayman, KY1-1102 Zephyr House, 122 Mary Street, P.O. Box 2570, George Town, Grand Cayman, KY1-1103 Maples Corporate Services Limited, Ugland House, P.O. Box 309, George Town, Grand Cayman, KY1-1104", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4983": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4983, + "paragraph": "C/O Carey y Cia Abogados, Miraflores 222, Piso 28, Santiago", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4984": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4984, + "paragraph": "Room 2519-2522, 25/F, Greenland Center, Cross-area of Susong Rd and Changqin St, South Erhuan, Baohe District, Hefei, Anhui, 230000 Unit 1101-1104, level 11, Building 1, No. 19 Chaoyang Park Road, Chaoyang District, Beijing, 100125 Unit 09, Level 31, No. 16 Building, No. 1 Jian Guo Men Wai Avenue, Chaoyang District, Beijing, 100004 No. 196, Shuang Yuan Street, Beibei Zone, Chongqing, 400700 Dayawan Petrochemical Industrial Park, Huizhou, Guangdong, 516086 Unit 604, 6/F, Building C, No. 3 Yunan Fourth Road, FTPZ Xiamen Sub-zone (Tariff-free Zone), Xiamen, 361000 10/F, Meiqi Mansion, No. 30 Tianmushan Road, Hangzhou, Zhejiang, 310007 No. 4, 5, 12/F, Unit A, Oceanwide International Center Office, 187 Yunxia Road, CBD, Jianhan District, Wuhan, 430000 Room 2407-2409, Building 15, Fangmaoyuan (Phase II), No. 1177 Huanhu Road, Yuelu District, Changsha, 410006 No. 1 Dongxin Road, Jiangsu Yangtze River International, Chemical Industry Park, Zhangjiagang, Jiangsu, 215600 Room 1001, 10/F, Unit 3, No. 198 Hexi Street, Jianye District, Nanjing, Jiangsu, 210019 Unit 01, 32/F, No. 16 Building, No. 1 Courtyard, Jian Guo Men Wai Avenue, Chaoyang District, Beijing, 100004 30/F Unit 01-02, No. 16 Building, No. 1 Courtyard, Jian Guo Men Wai Avenue, Chaoyang District, Beijing, 100004 Unit 01-08, Level 31, No. 16 Building, No. 1 Jian Guo Men Wai Avenue, Chaoyang District, Beijing, 100004 Room 522, The British Road No. 38, China (Shanghai) Pilot Free Trade Zone, Shanghai, 200131 Building 4, Jin Chuang Building, No. 4560, Jin Ke Road, Pilot Free Trade Zone, Shanghai North to Gang Bei Road and East to Hai Gang Road, Nangang Industrial Zone, Tianjin Economic-Technological Development Area, Tianjin, 300280 No. 286 Nansan Road, Tianjin Harbour Nanjiang Dev. Zone, Tanggu, Binhai NewDistrict, Tianjin, 300452 No. 1 Wangjiaba, Xinmiaozhi Village, Puyuan Town, Tongxiang, Jiaxing, Zhejiang, 314502 Nanjin Wan, Gaolan Dao, Gaolan Harbour Economic Zone, Zhuhai, 519050 Room 530, 5th Floor, Building 1, No. 239 Gang'ao Road, China (Shanghai) Free Trade Zone, Shanghai, 200137 8/F, Building 1, No. 818 Shenchang Road, Minhang District, Shanghai, 201106 5th Floor, Administrative Commission Building, Wuqing Development Area, No. 18, Fuyuan Road, Wuqing District, Tianjin, 300203 No. 68 Xianiejia, Dagang, Zhenjiang New District, Zhenjiang, 212132 Baisha, Hekou, Sanshui District, Foshan, Guangdong, 528133", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4985": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4985, + "paragraph": "49 100 49 50 49 25 100 100 50 100 100 100 100 100 100 100", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + }, + "4986": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4986, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 289, + "start_index_page": 4969, + "last_index_page": 4986 + } + }, + "290": { + "4987": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4987, + "paragraph": "Company by country of incorporation CZECH REPUBLIC Shell Czech Republic a.s. DENMARK A/S Dansk Shell DCC & Shell Aviation Denmark A/S Shell EP Holdingselskab Danmark ApS TetraSpar Demonstrator ApS EGYPT Alam El Shawish Petroleum Company [b] Badr Petroleum Company [b] Burullus Gas Company S.A.E. [b] El Behera Natural Gas Liquefaction Company S.A.E. IDKU Natural Gas Liquefaction Company S.A.E. North Alam El-Shawish Petroleum Company [b] North Um Baraka Petroleum Company [b] Obaiyed Petroleum Company [b] Rashid Petroleum Company S.A.E. [b] Shell Egypt Trading Shell Lubricants Egypt Sitra Petroleum Company [b] The Egyptian LNG Company S.A.E. The Egyptian Operating Company for Natural Gas Liquefaction Projects S.A.E. Tiba Petroleum Company [b] West Sitra Petroleum Company [b] FINLAND Shell Aviation Finland Oy FRANCE Accurasea Airefsol Energies Airefsol Energies 2 Airefsol Energies 6 Airefsol Energies 8 Airefsol Energies 9 Avitair SAS Centrale Photovoltaque Bouches-du-Rhne 1 Centrale Photovoltaque Haute-Vienne Centrale Photovoltaque Landes 1 Centrale Photovoltaque Var 1 Eolfi Offshore France Eolfi SAS Eoliennes du Gentilhomme Ferme Eolienne Flottante de Groix & Belle-Ile Ferme Eolienne Flottante Stenella Rhne Groupement Ptrolier Aviation SNC Infineum France Parc Eolien Aisne 1 Parc Eolien Charente 1 Parc Eolien Corrze 1 Parc Eolien Ctes Armor 1 Parc Eolien de la Vrine Parc Eolien Haute-Sane 1 Parc Eolien HM1 Parc Eolien Jura 1 Parc Eolien Marne 1 Parc Eolien Oise 1 Parc Eolien Oise 2 Parc Eolien Somme 1", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4988": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4988, + "paragraph": "Address of registered office", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4989": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4989, + "paragraph": "Antala Sta\u0161ka 2027/77, Praha 4, 140 00", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4990": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4990, + "paragraph": "Egeskovvej 265, Fredericia, 7000 Nrum Hovedgade 8, Naerum, 2850 Egeskovvej 265, Fredericia, 7000 Bredgade 30, Kbenhavn K, 1260", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4991": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4991, + "paragraph": "127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958 127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958 28 Road 270, Maadi, Cairo City of Rashid, El Behera Governorate City of Rashid, El Behera Governorate 127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958 127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958 127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958 38 Street No. 270, Maadi, Cairo Business View Building, No. 79, 90 Street (South), Fifth Settlement- New Cairo, Cairo, 11835 Business View Building, No. 79, 90 Street (South), Fifth Settlement- New Cairo, Cairo, 11835 127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958 City of Rashid, El Behera Governorate City of Rashid, El Behera Governorate", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4992": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4992, + "paragraph": "127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958 127 Abdel Aziz Fahmy St., Heliopolis, P.O. Box 5958, Cairo, 5958", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4993": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4993, + "paragraph": "Teknobulevardi 3-5, Vantaa, 01530", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4994": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4994, + "paragraph": "10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 Tour Pacific, 11/13 Cours Valmy \u2013 La Dfense, Puteaux, 92800 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 Aroport Roissy Charles de Gaulle, Zone de Frt 1, 3 Rue des Vignes, Tremblay-en-France, 93290 Chemin dpartemental 54, Berre-L'Etang, 13130 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4995": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4995, + "paragraph": "20 50 25 36 38 50 50 50 40 100 100 50 36 36", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4996": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4996, + "paragraph": "100 67 67 67 67 67 100 100 100 100 100 10 100 100 25 100 20 50 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + }, + "4997": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4997, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 290, + "start_index_page": 4987, + "last_index_page": 4997 + } + }, + "291": { + "4998": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4998, + "paragraph": "Company by country of incorporation FRANCE continued Parc Eolien Somme 2 Parc Eolien Yonne 1 Service Aviation Paris SNC Shell Retraites SAS Socit de Gestion Mobilire et Immobilire SAS Socit des Ptroles Shell SAS Ste du Pipeline Sud Europen S.A. The New Motion France SAS GERMANY AGES Maut System GmbH & Co. KG BEB Erdgas und Erdoel GmbH & Co. KG [b] BEB Holding GmbH [b] Carissa Einzelhandel- und Tankstellenservice GmbH & Co. KG Carissa Verwaltungsgesellschaft mbH CRI Deutschland GmbH Deutsche Infineum GmbH & Co. KG Deutsche Shell GmbH Deutsche Shell Holding GmbH Deutsche Transalpine Oelleitung GmbH Energeticum Energiesysteme GmbH Enersol GmbH Erdoel-Raffinerie Deurag-Nerag GmbH euroShell Deutschland GmbH & Co. KG euroShell Deutschland Verwaltungsgesellschaft mbH H2 Mobility Deutschland GmbH and Co. KG HPRDS und SPNV Deutschland Oil GmbH & Co. KG HPRDS und SPNV Deutschland Verwaltungsges. mbH Infineum Deutschland Verwaltungsgesellschaft mbH Mineraloelraffinerie Oberrhein Verwaltungs GmbH Nord-West Oelleitung GmbH [b] Oberrheinische Mineraloelwerke GmbH [b] OLF Deutschland GmbH [b] PCK Raffinerie GmbH [b] Rheinland Kraftstoff GmbH Rhein-Main-Rohrleitungstransportgesellschaft mbH [b] Shell Catalysts & Technologies Leuna GmbH Shell Deutschland Additive GmbH Shell Deutschland Oil GmbH Shell Energy Deutschland GmbH Shell Erdgas Beteiligungsgesellschaft mbH Shell Erdgas Marketing GmbH & Co. KG Shell Erdoel und Erdgas Exploration GmbH Shell Exploration and Development Libya GmbH I Shell Exploration and Production Colombia GmbH Shell Exploration and Production Libya GmbH Shell Exploration et Production du Maroc GmbH Shell Exploration New Ventures One GmbH Shell Exploration und Produktion Deutschland GmbH Shell Global Solutions (Deutschland) GmbH Shell Hydrogen Deutschland GmbH Shell Offshore Exploration und Produktion Deutschland GmbH Shell PrivatEnergie GmbH Shell Tunisia Offshore GmbH Shell Verwaltungsgesellschaft fr Erdgasbeteiligungen mbH Sonnen eServices Deutschland GmbH Sonnen eServices GmbH", + "page": 291, + "start_index_page": 4998, + "last_index_page": 5004 + }, + "4999": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 4999, + "paragraph": "Address of registered office", + "page": 291, + "start_index_page": 4998, + "last_index_page": 5004 + }, + "5000": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5000, + "paragraph": "10 place de Catalogne, Paris, 75014 10 place de Catalogne, Paris, 75014 Orly Sud No. 144 \u2013 Bat. 438, Orly Aerogares, 94541 Tour Pacific, 11/13 Cours Valmy \u2013 La Dfense, Puteaux, 92800 Tour Pacific, 11/13 Cours Valmy \u2013 La Dfense, Puteaux, 92800 Tour Pacific, 11/13 Cours Valmy \u2013 La Dfense, Puteaux, 92800 7-9, Rue des Frres Morane, Paris, 75015 92 Avenue Charles de Gaulle, CS 30082, Neuilly sur Seine, 92522", + "page": 291, + "start_index_page": 4998, + "last_index_page": 5004 + }, + "5001": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5001, + "paragraph": "Berghausener Strae 96, Langenfeld, 40764 Riethorst 12, Hannover, 30659 Caffamacherreihe 5, Hamburg, 20355 Willinghusener Weg 5 D-E, Oststeinbek, 22113 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Am Haupttor, Bau 8322, Leuna, 06237 Neusser Landstrae 16, Kln, 50735 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Paul Wassermann Str. 3, Munich, 81829 St.-Leonhard-Strae 26, Balzhausen, 86483 Einsteinstr. 47, Vaihingen an der Enz, 71665 Riethorst 12, Hannover, 30659 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 EUREF-Campus 10-11, Berlin, 10829 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Neusser Landstrae 16, Kln, 50735 DEA-Scholven-Str., Karlsruhe, 76187 Zum Oelhafen 207, Wilhelmshaven, 26384 DEA-Scholven-Str., Karlsruhe, 76187 WeWork Europapassage, Hermannstrae 13, Hamburg, 20095 Passower Chaussee 111, Schwedt/Oder, 16303 Auf dem Schollbruch 24-26, Gelsenkirchen, 45899 Godorfer Hauptstrasse 186, Kln, 50997 Am Haupttor, Bau 8322, Leuna, 06237 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Hohe-Schaar-Strae 36, Hamburg, 21107 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Am Riedbach 1, Wildpoldsried, 87499 Am Riedbach 1, Wildpoldsried, 87499", + "page": 291, + "start_index_page": 4998, + "last_index_page": 5004 + }, + "5002": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5002, + "paragraph": "100 100 33 100 100 100 21 100", + "page": 291, + "start_index_page": 4998, + "last_index_page": 5004 + }, + "5003": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5003, + "paragraph": "25 50 50 100 100 100 50 100 100 19 100 100 50 100 100 28 100 90 50 32 20 42 50 38 100 63 100 100 100 100 100 75 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 291, + "start_index_page": 4998, + "last_index_page": 5004 + }, + "5004": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5004, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 291, + "start_index_page": 4998, + "last_index_page": 5004 + } + }, + "292": { + "5005": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5005, + "paragraph": "Company by country of incorporation Sonnen GmbH Sonnen Holding GmbH SPNV Deutschland Beteiligungsges. mbH The New Motion Deutschland GmbH Tiramizoo GmbH Toll4Europe GmbH Wasserbeschaffungsverband Wesseling-Hersel GIBRALTAR Shell LNG Gibraltar Limited GREECE Shell & MOH Aviation Fuels A.E. GREENLAND Shell Greenland A/S GUAM Shell Guam Inc. HONG KONG AFSC Operations Limited AFSC Refuelling Limited Fulmart Limited Hong Kong Response Limited Ocean Century Tf Limited [i] Shell Developments (HK) Limited [i] Shell Hong Kong Limited Shell Korea Limited Shell Macau Limited HUNGARY Shell Hungary Trading close Company Limited by shares INDIA BG India Energy Private Limited BG India Energy Services Private Limited BG India Energy Solutions Private Limited BG LNG Regas India Private Limited Greenlots Technology India LLP Hazira Port Private Limited Pennzoil Quaker State India Limited Shell Energy India Private Limited Shell Energy Marketing and Trading India Private Limited", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5006": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5006, + "paragraph": "Shell India Markets Private Limited", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5007": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5007, + "paragraph": "Shell MRPL Aviation Fuels and Services Limited Shell Pahal Social Welfare Association Tiki Tar and Shell India Private Limited INDONESIA PT Shell LNG Indonesia PT. Shell Indonesia PT. Shell Manufacturing Indonesia IRAQ Basrah Gas Company IRELAND Asiatic Petroleum Company (Dublin) Limited Irish Shell Trust Designated Activity Company Shell and Topaz Aviation Ireland Limited ISLE OF MAN Petrolon Europe Limited Petrolon International Limited Shell Marine Personnel (I.O.M.) Limited Shell Ship Management Limited", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5008": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5008, + "paragraph": "Address of registered office Am Riedbach 1, Wildpoldsried, 87499 Am Riedbach 1, Wildpoldsried, 87499 Suhrenkamp 71 \u2013 77, Hamburg, 22335 Wattstrae 11, Berlin, 13355 Prannerstr. 2-4, Munich, 80333 Franzsische Strae 33 a-c, Berlin, 10117 Bruehler Str. 95, Wesseling, 50389", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5009": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5009, + "paragraph": "57/63 Line Wall Road, P.O. Box 199, Gibraltar", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5010": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5010, + "paragraph": "151 Kifisias Ave., Marousi, Athens, 15124", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5011": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5011, + "paragraph": "P.O. Box 510, Issortarfimmut 6, 102, Nuussuaq, 3905", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5012": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5012, + "paragraph": "643 Chalan San Antonio, Suite 100, Tamuning, GU 96911", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5013": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5013, + "paragraph": "3 Scenic Road, Chek Lap Kok, Lantau 3 Scenic Road, Chek Lap Kok, Lantau 35/F AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon Esso Tsing Yi Terminal, Lot 46 Tsing Yi Road, Tsing Yi Island, New Territories 35/F AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon 35/F AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon 35/F AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon 35/F AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon 35/F AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5014": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5014, + "paragraph": "Bocskai t 134-146., Budapest, 1113", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5015": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5015, + "paragraph": "3-C World Trade Tower, New Barakhamba Lane, New Delhi, 110001 3-C World Trade Tower, New Barakhamba Lane, New Delhi, 110001 3-C World Trade Tower, New Barakhamba Lane, New Delhi, 110001 3-C World Trade Tower, New Barakhamba Lane, New Delhi, 110001 Platina Tower MG Road, Near Sikandarpur Metro Station, Section, Haryana, Gurugram, 122001 101-103 Abhijeet-II, Mithakhali Circle, Ahmedabad 380 006, Gujarat, 380006 Plot No. T-5, MIDC, Taloja Industrial Area, Tal-Panvel, Raigad District, Mumbai, MH 410208 101-103 Abhijeet-II, Mithakhali Circle, Ahmedabad 380 006, Gujarat, 380006 2nd floor, Campus 4A, RMZ Millenia Business Park II, 143 Dr MGR Road, Kandhanchavady, Perungudi, Chennai, TN 600096 2nd floor, Campus 4A, RMZ Millenia Business Park II, 143 Dr MGR Road, Kandhanchavady, Perungudi, Chennai, TN 600096 102, Prestige Sigma, Vittal Mallya Road, Bangalore, 560001 7, Bangalore Hardware Park, Devanahalli Industrial Park, Mahadeva-Kodigehalli, Bangalore, 562149 Tiki Tar Industries Village Road, Near Bhandup village, Bhandup West Mumbai, Mumbai, MH 400078", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5016": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5016, + "paragraph": "Talavera Office Park 22-26th Floor, Jl. Letjen. TB Simatupang Kav. 22-26, Jakarta Selatan, Jakarta, 12430 Talavera Office Park 22-26th Floor, Jl. Letjen. TB Simatupang Kav. 22-26, Jakarta Selatan, Jakarta, 12430 Talavera Office Park 22-26th Floor, Jl. Letjen. TB Simatupang Kav. 22-26, Jakarta Selatan, Jakarta, 12430", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5017": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5017, + "paragraph": "1st Floor, Temple Hall, Temple Road, Blackrock, Co. Dublin, A94 K3K0 1st Floor, Temple Hall, Temple Road, Blackrock, Co. Dublin, A94 K3K0 Suite 7 Northwood House, Northwood Business Park, Santry, Dublin, 9", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5018": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5018, + "paragraph": "First Names House, Victoria Road, Douglas, IM2 4DF First Names House, Victoria Road, Douglas, IM2 4DF Euromanx House, Freeport, Ballasalla, IM9 2AP Euromanx House, Freeport, Ballasalla, IM9 2AP", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5019": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5019, + "paragraph": "11 11 100 25 100 100 100 100 100", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5020": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5020, + "paragraph": "100 100 100 100 100 100 100 100 100", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + }, + "5021": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5021, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 292, + "start_index_page": 5005, + "last_index_page": 5021 + } + }, + "293": { + "5022": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5022, + "paragraph": "Company by country of incorporation ISRAEL Ravin AI Ltd. ITALY Alle S.R.L. Aquila S.p.A. BG Italia Power S.r.l Brindisi LNG S.r.l. Infineum Italia S.R.L. Shell Energy Italia S.R.L. Shell Fleet Solutions Consorzio Shell International Exploration and Development Italia S.p.A. Shell Italia E&P S.p.A. Shell Italia Holding S.p.A. Shell Italia Oil Products S.R.L. Societa Italiana per l'Oleodotto Transalpino S.p.A. Societa' Oleodotti Meridionali S.p.A. Sonnen eServices Italia S.R.L. Sonnen S.R.L. JAPAN Brunei Energy Services Company Ltd. CO2-free Hydrogen Energy Supply-chain TRA Sakhalin LNG Services Company Ltd. Shell Japan Limited Sonnen Japan Kabushiki Kaisha JERSEY Shell Service Station Properties Limited LUXEMBOURG Denham International Power SCSp [d] Shell Finance Luxembourg Sarl Shell Luxembourgeoise Sarl Shell Treasury Luxembourg Sarl MACAU Shell Macau Petroleum Company Limited MALAYSIA Bonuskad Loyalty Sdn. Bhd. [i]", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5023": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5023, + "paragraph": "IOT Management Sdn. Bhd. Kebabangan Petroleum Operating Company Sdn. Bhd. [b] P S Pipeline Sendirian Berhad P S Terminal Sendirian Berhad Pertini Vista Sdn. Bhd. Provista Ventures Sdn. Bhd. Sarawak Shell Berhad Shell Business Service Centre Sdn. Bhd. Shell Global Solutions (Malaysia) Sdn. Bhd. Shell Malaysia Trading Sendirian Berhad Shell MDS (Malaysia) Sendirian Berhad Shell New Ventures Malaysia Sdn. Bhd. [i] Shell People Services Asia Sdn. Bhd. Shell Sabah Selatan Sendirian Berhad Shell Timur Sdn. Bhd. Shell Treasury Malaysia (L) Limited Tanjung Manis Oil Terminal Management Sdn. Bhd. MAURITIUS BG Mauritius LNG Holdings Ltd BG Mumbai Holdings Limited Pennzoil Products International Company", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5024": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5024, + "paragraph": "Address of registered office", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5025": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5025, + "paragraph": "Derech Aba Hilel 16, Ramat Gan, 5250608", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5026": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5026, + "paragraph": "Via Vittor Pisani 16, Milano, 20124 Via Vittor Pisani 16, Milano, 20124 Via Tortona 25, Milano, 20144 Via Tortona 25, Milano, 20144 Strada di Scorrimento 2, Vado Ligure, Savona, 17047 Via Vittor Pisani 16, Milano, 20124 Via Susa 40, Torino, 10138 Piazza dell'Indipendenza 11/B, Rome, 00185 Piazza dell'Indipendenza 11/B, Rome, 00185 Via Vittor Pisani 16, Milano, 20124 Via Vittor Pisani 16, Milano, 20124 Via Muggia #1, San Dorligo della Valle, Trieste, 34147 Via Emilia 1, San Donato Milanese, 20097 Via Autostrada 32, Bergamo, 24126 Via Autostrada 32, Bergamo, 24126", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5027": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5027, + "paragraph": "1-8-2 Marunouchi, Chiyoda-ku, Tokyo, 100-0005 7F Kokuryu Shiba Koen Building 2-6-15, Shiba Koen, Minato-ku, Tokyo, 105-0011 2-3, Kanda, Awaji-cho, Chiyoda-ku, Tokyo, 101-0063 16F Pacific Century Place, 1-11-1, Marunouchi, Chiyoda-Ku, Tokyo, 100-6216 16F Pacific Century Place, 1-11-1, Marunouchi, Chiyoda-Ku, Tokyo, 100-6216", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5028": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5028, + "paragraph": "Queensway House, Hilgrove Street, St. Helier, JE1 1ES", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5029": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5029, + "paragraph": "412F, route d'Esch, Luxembourg, L-2086 7, Rue de l'Industrie, Bertrange, Luxembourg, L-8069 7, Rue de l'Industrie, Bertrange, Luxembourg, L-8005 7, Rue de l'Industrie, Bertrange, Luxembourg, L-8069", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5030": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5030, + "paragraph": "876 Avenida da Amizade, Edificio Marina Gardens, Room 310, 3rd Floor", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5031": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5031, + "paragraph": "Level 8, Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU 1A/46, Petaling Jaya/Selangor Darul Ehsan, 47301 Lot 7689 and Lot 7690, Section 64, Kuching Town Land District, Jalan Pending, Kuching, Sarawak, 93450 Suite 13.03, 13 Floor, Menara Tan & Tan, 207 Tun Razak, Kuala Lumpur/Federal Territory, 50400 Level 30, Tower 1, Petronas Twin Towers, KLCC, Kuala Lumpur/Federal Territory, 50088 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, Petaling Jaya/Selangor Darul Ehsan, 46200 Kensington Gardens, No. U1317, Lot 7616, Jalan Jumidar Buyong, Labuan F.T., 87000 Lot 7689 and Lot 7690, Section 64, Kuching Town Land District, Jalan Pending, Kuching, Sarawak, 93450", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5032": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5032, + "paragraph": "6th Floor, Tower A, 1 Cybercity, Ebene, 72201 6th Floor, Tower A, 1 Cybercity, Ebene, 72201 33 Edith Cavell Street, Port Louis, 11324", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5033": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5033, + "paragraph": "100 100 100 100 50 100 100 100 100 100 100 19 30 100 100", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5034": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5034, + "paragraph": "7 30 50 35 100 100 100 100 100 100 72 100 100 100 70 100 14", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + }, + "5035": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5035, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 293, + "start_index_page": 5022, + "last_index_page": 5035 + } + }, + "294": { + "5036": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5036, + "paragraph": "Company by country of incorporation MEXICO Comercial Importadora S.A. De C.V. Concilia Asesores y Servicios, S.A. de C.V. Gas Del Litoral, S. de R.L. de C.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5037": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5037, + "paragraph": "Mega Gasolineras SA de CV Shell Energy Mexico, S.A. de C.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5038": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5038, + "paragraph": "Shell Exploracin y Extraccin de Mxico, S.A. de C.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5039": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5039, + "paragraph": "Shell Mxico Gas Natural, S. de R.L. de C.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5040": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5040, + "paragraph": "Shell Servicios Mxico, S.A. de C.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5041": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5041, + "paragraph": "Shell Solutions Mexico S.A. de C.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5042": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5042, + "paragraph": "Shell Trading Mxico, S. de R.L. de C.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5043": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5043, + "paragraph": "NETHERLANDS Amsterdam Schiphol Pijpleiding Beheer B.V. Attiki Gas B.V. B.R.E. B.V. B.V. Dordtsche Petroleum Maatschappij B.V. Petroleum Assurantie Maatschappij BG Gas Atlantic Holdings B.V. BG Gas Brazil E&P 12 B.V. BG Gas Brazil Holdings B.V. BG Gas Global Holdings B.V. BG Gas International B.V. BG Gas International Holdings B.V. BG Gas Netherlands Holdings B.V. BG Gas Sao Paulo Investments B.V. BJS Oil Operations B.V. BJSA Exploration and Production B.V. Blauwwind II C.V. [d] Blauwwind Management II B.V. Caspi Meruerty Operating Company B.V. [b] Chosun Shell B.V. Cicerone Holding B.V. Ellba B.V. [b] Ellba C.V. [b] [d] Euroshell Cards B.V. Fitzroy C.V. [d] Gasterra B.V. Guara B.V. Hkz Lp 18 B.V. Hkz Lp 19 B.V. Hkz Lp 20 B.V. Hkz Lp 21 B.V. Hkz Lp 22 B.V. Iara B.V. Infineum Holdings B.V. Integral Investments B.V. Jordan Oil Shale Company B.V. Karachaganak Petroleum Operating B.V. [b] Lapa Oil & Gas B.V. Libra Oil & Gas B.V. LNG Shipping Operation Services Netherlands B.V. Loyalty Management Netherlands B.V.", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5044": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5044, + "paragraph": "Address of registered office", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5045": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5045, + "paragraph": "Guillermo Gonzlez Camarena No. 400, Santa Fe, lvaro Obregn, Ciudad de Mxico, 1210 Guillermo Gonzlez Camarena No. 400, Santa Fe, lvaro Obregn, Ciudad de Mxico, 1210 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000 Avenida Cerro Gordo del Campestre 201 int 202, Las Quintas, Len, Guanajuato, 37125 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000 Avenida Paseo de las Palmas 340, 1st floor, Colonia Lomas de Chapultepec, Delegacin Miguel Hidalgo, Ciudad de Mxico, 11000", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5046": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5046, + "paragraph": "Amsterdamseweg 55, 1182 GP Amstelveen, P.O. Box 75650, Luchthaven Schiphol, 1118 ZS Carel van Bylandtlaan 30, The Hague, 2596 HR Lelystad, Deventer, 7425 SB Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 70, Rotterdam, 3012 CM Weena 70, Rotterdam, 3012 CM Muiderstraat 1, Amsterdam, 1011 PZ Carel van Bylandtlaan 30, The Hague, 2596 HR Herikerbergweg 238, Amsterdam, 1101 CM Vondelingenweg 601, Vondelingenplaat, Rotterdam, 3196 KK Vondelingenweg 601, Vondelingenplaat, Rotterdam, 3196 KK Weena 70, Rotterdam, 3012 CM Stationsplein 45, Rotterdam, 3013 AK P.O. Box 477, Groningen, 9700 AL Weena 722, Rotterdam, 3014 DA Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 762, 9e verdieping, kamer A, Rotterdam, 3014 DA Herikerbergweg 238, Amsterdam, 1101 CM Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Strawinskylaan 1345, Amsterdam, 1077 XX Weena 762, 9e verdieping, kamer A, Rotterdam, 3014 DA Weena 762, Rotterdam, 3014 DA Carel van Bylandtlaan 30, The Hague, 2596 HR Polaris Avenue 81, P.O. Box 2047, 2130 GE, Hoofddorp, 2132 JH", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5047": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5047, + "paragraph": "40 100 100 100 100 100 100 100 100 100 100 100 100 80 100 20 20 40 100 51 50 50 100 20 25 30 100 100 100 100 100 25 50 100 100 29 30 20 100 40", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + }, + "5048": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5048, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 294, + "start_index_page": 5036, + "last_index_page": 5048 + } + }, + "295": { + "5049": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5049, + "paragraph": "Company by country of incorporation NETHERLANDS continued Maasvlakte Olie Terminal C.V. [d] Multi Tank Card B.V. N.V. Rotterdam-Rijn Pijpleiding Maatschappij [b] Nederlandse Aardolie Maatschappij B.V. Netherlands Alng Holding Company B.V. Noordzeewind B.V. Noordzeewind C.V. [d] North Caspian Operating Company N.V. [b] Paqell B.V. Raffinaderij Shell Mersin N.V. RESCO B.V. Salym Petroleum Development N.V. [b] Shell Abu Dhabi B.V. Shell Additives Holdings (I) B.V. Shell Additives Holdings (II) B.V. Shell Albania Block 4 B.V. Shell and Vivo Lubricants B.V. Shell Asset Management Company B.V. Shell Brazil Holding B.V. Shell Business Development Central Asia B.V. Shell Caspian B.V. Shell Caspian Pipeline Holdings B.V. Shell Chemicals Europe B.V. Shell Chemicals Ventures B.V. [k] Shell China B.V. Shell China Holdings B.V. Shell Deepwater Tanzania B.V. Shell Development Iran B.V. Shell Downstream Services International B.V. Shell E and P Offshore Services B.V. Shell Egypt N.V. [e] Shell Energy Europe B.V. Shell EP Holdings (EE&ME) B.V. Shell EP Middle East Holdings B.V. Shell EP Oman B.V. Shell EP Russia Investments (III) B.V. Shell EP Russia Investments (V) B.V. Shell EP Somalia B.V. Shell EP Wells Equipment Services B.V. Shell Europe New Energies Holding B.V. Shell Exploration & Production Brunei B.V. Shell Exploration and Production (100) B.V. Shell Exploration and Production (101) B.V. Shell Exploration and Production (102) B.V. Shell Exploration and Production (103) B.V. Shell Exploration and Production (104) B.V. Shell Exploration and Production (105) B.V. Shell Exploration and Production (106) B.V. Shell Exploration and Production (107) B.V. Shell Exploration and Production (79) B.V. Shell Exploration and Production (82) B.V. Shell Exploration and Production (84) B.V. Shell Exploration and Production (89) B.V. Shell Exploration and Production (90) B.V. Shell Exploration and Production (91) B.V. Shell Exploration and Production (92) B.V. Shell Exploration and Production (93) B.V.", + "page": 295, + "start_index_page": 5049, + "last_index_page": 5053 + }, + "5050": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5050, + "paragraph": "Address of registered office", + "page": 295, + "start_index_page": 5049, + "last_index_page": 5053 + }, + "5051": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5051, + "paragraph": "Europaweg 975, Maasvlakte, Rotterdam, 3199 LC Antareslaan 39, P.O. Box 3068, 2130 KB, Hoofddorp, 2132 JE Butaanweg 215, Vondelingplaat, Rotterdam, 3196 KC Schepersmaat 2, Assen, 9405 TA Carel van Bylandtlaan 30, The Hague, 2596 HR 2e Havenstraat 5b, Ijmuiden, 1976 CE 2e Havenstraat 5b, Ijmuiden, 1976 CE Oostduinlaan 2, The Hague, 2596 JM Reactorweg 301, unit 1.3, Utrecht, 3542 AD Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 70, Rotterdam, 3012 CM Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 70, Rotterdam, 3012 CM Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR", + "page": 295, + "start_index_page": 5049, + "last_index_page": 5053 + }, + "5052": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5052, + "paragraph": "16 30 56 50 100 50 50 17 50 100 100 50 100 100 100 100 50 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 295, + "start_index_page": 5049, + "last_index_page": 5053 + }, + "5053": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5053, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 295, + "start_index_page": 5049, + "last_index_page": 5053 + } + }, + "296": { + "5054": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5054, + "paragraph": "Company by country of incorporation Shell Exploration and Production (94) B.V. Shell Exploration and Production (96) B.V. Shell Exploration and Production (99) B.V. Shell Exploration and Production (LI) B.V. Shell Exploration and Production (LXI) B.V. Shell Exploration and Production (LXII) B.V. Shell Exploration and Production (LXV) B.V. Shell Exploration and Production (LXVI) B.V. Shell Exploration and Production (LXXI) B.V. Shell Exploration and Production (LXXV) B.V. Shell Exploration and Production (XL) B.V. Shell Exploration and Production Holdings B.V. Shell Exploration and Production Investments B.V. Shell Exploration and Production Mauritania (C10) B.V. Shell Exploration and Production Mauritania (C19) B.V. Shell Exploration and Production Services (RF) B.V. Shell Exploration and Production South Africa B.V. Shell Exploration and Production Ukraine I B.V. Shell Exploration and Production Ukraine Investments (I) B.V. Shell Exploration and Production Ukraine Investments (II) B.V. Shell Exploration and Production West-Siberia B.V. Shell Exploration B.V. Shell Exploration Company (RF) B.V. Shell Exploration Company (West) B.V. Shell Exploration Company B.V. Shell Exploration Venture Services B.V. Shell Finance (Netherlands) B.V. Shell Gas & Power Developments B.V. Shell Gas (LPG) Holdings B.V. Shell Gas B.V. Shell Gas Iraq B.V. Shell Gas Nigeria B.V. Shell Gas Venezuela B.V. Shell Generating (Holding) B.V. Shell Geothermal B.V. Shell Global Solutions (Eastern Europe) B.V. Shell Global Solutions International B.V. Shell Global Solutions Services B.V. Shell Information Technology International B.V. Shell Integrated Gas Oman B.V. Shell International B.V. Shell International Exploration and Production B.V. Shell International Finance B.V. [a] Shell Internationale Research Maatschappij B.V. Shell Internet Ventures B.V. Shell Iraq Petroleum Development B.V. Shell Iraq Services B.V. Shell Kazakhstan B.V. Shell Kazakhstan Development B.V. Shell Kuwait Exploration and Production B.V. Shell LNG Bunkering B.V. Shell LNG Port Spain B.V. Shell Lubricants Supply Company B.V. Shell Manufacturing Services B.V. Shell Mozambique B.V. Shell MSPO 2 Holding B.V. Shell Namibia Upstream B.V. Shell Nanhai B.V.", + "page": 296, + "start_index_page": 5054, + "last_index_page": 5057 + }, + "5055": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5055, + "paragraph": "Address of registered office Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Lange Kleiweg 40, Rijswijk, 2288 GK Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 16, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 70, Rotterdam, 3012 CM Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Vondelingenweg 601, Vondelingenplaat, Rotterdam, 3196 KK Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR", + "page": 296, + "start_index_page": 5054, + "last_index_page": 5057 + }, + "5056": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5056, + "paragraph": "% 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 296, + "start_index_page": 5054, + "last_index_page": 5057 + }, + "5057": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5057, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 296, + "start_index_page": 5054, + "last_index_page": 5057 + } + }, + "297": { + "5058": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5058, + "paragraph": "Company by country of incorporation NETHERLANDS continued Shell Nederland B.V. Shell Nederland Chemie B.V. [i] Shell Nederland Raffinaderij B.V. Shell Nederland Verkoopmaatschappij B.V. Shell Netherlands Canada Financing B.V. Shell New Energies NL B.V. Shell Offshore (Personnel) Services B.V. Shell Offshore Services B.V. Shell OKLNG Holdings B.V. Shell Olie OG Gas Holding B.V. [k] Shell Oman Exploration and Production B.V. Shell Overseas Investments B.V. Shell Pensioenbureau Nederland B.V. Shell Petroleum N.V. [a] Shell Philippines Exploration B.V. Shell Project Development (VIII) B.V. Shell RDS Holding B.V. Shell Sakhalin Holdings B.V. Shell Sakhalin Services B.V. Shell Salym Development B.V. Shell Sao Tome and Principe B.V. Shell Services Oman B.V. Shell Shared Services (Asia) B.V. Shell TapUp B.V. Shell Technology Ventures Fund 1 B.V. Shell Trademark Management B.V. Shell Trading Rotterdam B.V. Shell Trading Russia B.V. Shell Upstream Albania B.V. Shell Upstream Development B.V. Shell Upstream Indonesia Services B.V. Shell Upstream Spain B.V. Shell Upstream Turkey B.V. Shell Ventures B.V. Shell Ventures Investments B.V. Shell Western LNG B.V. Shell Windenergy Netherlands B.V. Shell Windenergy NZW I B.V. Snijders Olie B.V. SolarNow B.V. Syria Shell Petroleum Development B.V. [j] Tamba B.V. Tankstation Exploitatie Maatschappij Holding B.V. The Green Near Future 5 B.V. The New Motion B.V. Travis Road Services International B.V. Tupi B.V. W2C GP B.V. Waalbrug Exploitatie Maatschappij B.V. Zeolyst C.V. NEW ZEALAND Energy Finance NZ Limited Energy Holdings Offshore Limited Shell (Petroleum Mining) Company Limited Shell Energy Asia Limited Shell Investments NZ Limited Southern Petroleum No Liability", + "page": 297, + "start_index_page": 5058, + "last_index_page": 5063 + }, + "5059": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5059, + "paragraph": "Address of registered office", + "page": 297, + "start_index_page": 5058, + "last_index_page": 5063 + }, + "5060": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5060, + "paragraph": "Carel van Bylandtlaan 30, The Hague, 2596 HR Chemieweg 25, P.O. Box 6060, Moerdijk, 4780 LN Vondelingenweg 601, Vondelingenplaat, Rotterdam, 3196 KK Weena 70, Rotterdam, 3012 CM Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Postbus 157, The Hague, 2501 CD Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Hofplein 20, Rotterdam, 3032 AC Strawinskylaan 3127 8e etage, Amsterdam, 1077 ZX Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 70, Rotterdam, 3012 CM Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 70, Rotterdam, 3012 CM Zeelandsestraat 1, Millingen aan de Rijn, 6566 DE Carel van Bylandtlaan 30, The Hague, 2596 HR Carel van Bylandtlaan 30, The Hague, 2596 HR Weena 70, Rotterdam, 3012 CM Carel van Bylandtlaan 30, The Hague, 2596 HR Rigakade 20, Amsterdam, 1013 BC Dr. Hub van Doorneweg 183, Tilburg, 5026 RD Wilhelminatoren, Wilhelminaplein 14, Rotterdam, 3072 Stationsplein 45, Rotterdam, 3013 AK Henri Berssenbruggestraat 9, Deventer, 7425 SB Oosterhorn 36, Farmsum, 9936 HD", + "page": 297, + "start_index_page": 5058, + "last_index_page": 5063 + }, + "5061": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5061, + "paragraph": "c/o Baker Tilly Staples Rodway Taranaki Limited, 109-113 Powderham Street, P.O. Box 146, New Plymouth, Taranaki, 4340 c/o Baker Tilly Staples Rodway Taranaki Limited, 109-113 Powderham Street, P.O. Box 146, New Plymouth, Taranaki, 4340 c/o Baker Tilly Staples Rodway Taranaki Limited, 109-113 Powderham Street, P.O. Box 146, New Plymouth, Taranaki, 4340 c/o Baker Tilly Staples Rodway Taranaki Limited, 109-113 Powderham Street, P.O. Box 146, New Plymouth, Taranaki, 4340 c/o Baker Tilly Staples Rodway Taranaki Limited, 109-113 Powderham Street, P.O. Box 146, New Plymouth, Taranaki, 4340 c/o Baker Tilly Staples Rodway Taranaki Limited, 109-113 Powderham Street, P.O. Box 146, New Plymouth, Taranaki, 4340", + "page": 297, + "start_index_page": 5058, + "last_index_page": 5063 + }, + "5062": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5062, + "paragraph": "100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 52 100 100 100 100 100 100 100 100 100 100 100 100 100 100 23 65 50 100 100 100 34 25 20 100 50", + "page": 297, + "start_index_page": 5058, + "last_index_page": 5063 + }, + "5063": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5063, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 297, + "start_index_page": 5058, + "last_index_page": 5063 + } + }, + "298": { + "5064": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5064, + "paragraph": "Company by country of incorporation NIGERIA All on Partnerships for Energy Access Limited by Guarantee BG Exploration and Production Nigeria Limited BG Upstream A Nigeria Limited Delta Business Development Limited Nigeria LNG Limited NLNG Shipping Management Limited Shell Exploration and Production Africa Limited Shell Nigeria Business Operations Limited Shell Nigeria Closed Pension Fund Administrator Ltd Shell Nigeria Exploration and Production Company Ltd Shell Nigeria Exploration and Production Echo Limited Shell Nigeria Exploration Properties Alpha Limited Shell Nigeria Exploration Properties Beta Limited Shell Nigeria Exploration Properties Charlie Limited Shell Nigeria Gas Ltd (SNG) Shell Nigeria Infrastructure Development Limited Shell Nigeria Offshore Prospecting Limited Shell Nigeria Oil Products Limited (SNOP) Shell Nigeria Ultra Deep Limited Shell Nigeria Upstream Ventures Limited Shell Thrift & Loan Fund Trustees Nig Ltd The Shell Petroleum Development Company of Nigeria Limited NORWAY A/S Norske Shell Aviation Fuelling Services Norway AS Enhanced Well Technologies Group AS Gasnor AS Ormen Lange Eiendom DA Shell New Energies AS Technology Centre Mongstad DA Vestprosess DA OMAN Oman LNG LLC Petroleum Development Oman LLC Shell Development Oman LLC Shell Oman Marketing Company SAOG Sohar Solar Qabas (FZC) LLC PAKISTAN Pak Arab Pipeline Company Limited Pakistan Energy Gateway Limited Shell Energy Pakistan (smc-private) Limited Shell Pakistan Limited PERU Shell GNL Peru S.A.C. Shell Operaciones Peru S.A.C. PHILIPPINES Bonifacio Gas Corporation Connected Freight Solutions Philippines, Inc. Kamayan Realty Corporation Manta Energy Inc Pilipinas Shell Petroleum Corporation Shell Chemicals Philippines, Inc. Shell Gas and Energy Philippines Corporation Shell Gas Trading (Asia Pacific), Inc. Shell Solar Philippines Corporation Tabangao Realty, Inc.", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5065": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5065, + "paragraph": "Address of registered office", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5066": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5066, + "paragraph": "44 Bourdillon Road, Ikoyi, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Corporate Office, Intels Aba Road Estate, Km16 Aba Expressway, Port Harcourt, 500211 Corporate Office, Intels Aba Road Estate, Km16 Aba Expressway, Port Harcourt, 500211 Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Freeman House, 21/22 Marina, P.M.B. 2418, Lagos Shell Industrial Area, P.O. Box 263, Rivers State, Port Harcourt, 500272", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5067": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5067, + "paragraph": "Tankvegen 1, Tananger, 4056 Bygg 6, Drammensveien 134, Oslo, 0277 Kongsgrdbakken 1, Stavanger, 4005 Helganesvegen 59, Avaldsnes, Karmy, 4262 Nyhamna, Aukra, 6480 Karenslyst All 2, Oslo, 0278 Mongstad 71A, Mongstad, 5954 Forusbeen 50, Stavanger, 4035", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5068": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5068, + "paragraph": "P.O. Box 560, Mina Al Fahal, Muscat, 116 P.O. Box 81, Mina Al Fahal, Muscat, 113 P.O. Box 74, Mina Al Fahal, Muscat, 116 P.O. Box 38, Mina Al Fahal, Muscat, 116 P.O. Box 398, Sohar Free Zone, North Al Batinah Governorate, Sohar, 322", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5069": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5069, + "paragraph": "House No. 2-B, Nazimuddin Road, F-8/1, Islamabad, 75400 E110, Khayaban e Jinnah, Lahore Cantonement, Punjab, Cantonement, 54810 Shell House, 6 Ch. Khaliquzzaman Road, Karachi, 75530 Shell House, 6 Ch. Khaliquzzaman Road, Karachi, 75530", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5070": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5070, + "paragraph": "Calle Dean Valdivia 111, Oficina 802, San Isidro, Lima, Lima 27 Calle Dean Valdivia 111, Oficina 802, San Isidro, Lima, Lima 27", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5071": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5071, + "paragraph": "2nd Floor, Bonifacio Technology Center, 31st Street corner 2nd Avenue, Bonifacio Global City, Taguig, Metro Manila, 1635 41st Floor, The Finance Center, 26th Street corner 9th Avenue, Bonifacio Global City, Taguig, Metro Manila, 1635 NDC Bldg., 116 Tordesillas St., Salcedo Village, Makati City, Metro Manila, 1227 1004 East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City, 1605 41st Floor, The Finance Center, 26th Street corner 9th Avenue, Bonifacio Global City, Taguig, Metro Manila, 1635 41st Floor, The Finance Center, 26th Street corner 9th Avenue, Bonifacio Global City, Taguig, Metro Manila, 1635 41st Floor, The Finance Center, 26th Street corner 9th Avenue, Bonifacio Global City, Taguig, Metro Manila, 1635 Subic Bay Free Port Zone, Olangapo City, 2200 41st Floor, The Finance Center, 26th Street corner 9th Avenue, Bonifacio Global City, Taguig, Metro Manila, 1635 Unit D 9th Floor Inoza Tower, 40th Street, North Bonifacio, Bonifacio Global City, Taguig, Metro Manila, 1634", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5072": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5072, + "paragraph": "100 100 100 100 26 20 100 100 100 100 100 100 100 100 100 100 100 100 100 100 99 100", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5073": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5073, + "paragraph": "24 84 22 100 55 100 100 100 100 40", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + }, + "5074": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5074, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 298, + "start_index_page": 5064, + "last_index_page": 5074 + } + }, + "299": { + "5075": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5075, + "paragraph": "Company by country of incorporation POLAND Shell Energy Retail Poland Sp. z o.o. Shell Polska Sp. z o.o. PORTUGAL Shell Madeira Praia Formosa \u2013 Instalaes, Comrcio e Distribuio de Combustveis S.A PUERTO RICO Station Managers of Puerto Rico, Inc. QATAR Qatar Liquefied Gas Company Limited (4) Qatar Shell Research & Technology Centre QSTP-LLC Qatar Shell Service Company W.L.L. RUSSIA Khanty-Mansiysk Petroleum Alliance Closed Joint Stock Company [b] Limited Liability Company \"Shell Neft\" Limited Liability Company \"Shell Neftegaz Development (V)\" LLC Shell NefteGaz Development Meretoyahaneftegaz LLC [b] [c] Syriaga Neftegaz Development LLC SAINT KITTS AND NEVIS Shell Oil & Gas (Malaysia) LLC SAINT LUCIA BG Atlantic 1 Holdings Limited BG Atlantic 2/3 Holdings Limited BG Atlantic 4 Holdings Limited BG Central Holdings Ltd. BG West Indies No. 2 Limited SAUDI ARABIA Al Jomaih and Shell Lubricating Oil Co.Ltd. Peninsular Aviation Services Company Limited SINGAPORE BG Asia Pacific Holdings Pte. Limited BG Asia Pacific Services Pte. Ltd. BG Exploration & Production Myanmar Pte. Ltd. BG Insurance Company (Singapore) Pte Ltd BG Myanmar Pte. Ltd. BG Oil Marketing Pte Ltd Cleantech Renewable Assets Pte Ltd Connected Freight Pte. Ltd. Ellba Eastern (Pte) Ltd Fuelng Pte. Ltd Infineum Singapore LLP QPI and Shell Petrochemicals (Singapore) Pte Ltd Shell Catalysts & Technologies Pte. Ltd. Shell Chemicals Seraya Pte. Ltd. Shell Eastern Petroleum (Pte) Ltd [i] Shell Eastern Trading (Pte) Ltd [i] Shell Gas Marketing Pte. Ltd. Shell India Ventures Pte. Ltd. Shell Integrated Gas Thailand Pte.Limited Shell International Shipping Services (Pte) Ltd Shell Myanmar Energy Pte. Ltd. Shell Myanmar Petroleum Pte. Ltd. Shell Pulau Moa Pte Ltd Shell Seraya Pioneer (Pte) Ltd Shell Singapore Trustees (Pte) Ltd Shell Tankers (Singapore) Private Limited", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5076": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5076, + "paragraph": "Address of registered office", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5077": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5077, + "paragraph": "Al. Pokoju 5, Krakow, 31-548 ul. Bitwy Warszawskiej 1920 r. nr 7A, Warsaw, 02-366", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5078": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5078, + "paragraph": "Avenida dos Combatentes da Grande Guerra n 17, Freguesia de S. Juliao, Setbal, 2900-329", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5079": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5079, + "paragraph": "P.O. Box 186, Yabucoa, PR 00767-0186", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5080": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5080, + "paragraph": "P.O. Box 22666, Doha Qatar Science & Technology Park Tech1, Office 101, P.O. Box 3747, Doha Al Mirqab Tower, West Bay, P.O. Box 3747, Doha", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5081": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5081, + "paragraph": "24 A Yakubovicha ul., Saint Petersburg, 190000", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5082": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5082, + "paragraph": "24 Bld D Smolnaya street, Moscow, 125445 Novinsky blvd, 31, Moscow, 123242 Novinsky blvd, 31, Moscow, 123242 16 Komsomolskaya street, Apartment 36, Yamalo-Nenetsky Autonomous Region, Nadym, 629733 Novinsky blvd, 31, Moscow, 123242", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5083": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5083, + "paragraph": "Morning Star Holdings Limited, Main Street, Suite 556, Charlestown, Nevis, West Indies", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5084": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5084, + "paragraph": "Mercury Court, Choc Estate, Castries Mercury Court, Choc Estate, Castries Mercury Court, Choc Estate, Castries Mercury Court, Choc Estate, Castries Mercury Court, Choc Estate, Castries", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5085": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5085, + "paragraph": "P.O. Box 41467, Riyadh, 11521 P.O. Box 6369, Jeddah, 21442", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5086": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5086, + "paragraph": "The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 10 Collyer Quay, #10-01 Ocean Financial Centre, Singapore, 049315 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 25 Church Street, 03-04 Capital Square three, Singapore, 049482 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 50 Gul Road, Singapore, 629351 31 International Business Park, #04-08, Creative Resource, Singapore, 609921 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5087": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5087, + "paragraph": "100 100 100 100 100 100 49 84 100 50 50 51 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + }, + "5088": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5088, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 299, + "start_index_page": 5075, + "last_index_page": 5088 + } + }, + "300": { + "5089": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5089, + "paragraph": "Company by country of incorporation Shell Treasury Centre East (Pte) Ltd Singapore Lube Park Pte. Ltd. [b] Sirius Well Manufacturing Services Pte. Ltd. [b] Zeco Systems Pte. Ltd. SLOVAKIA SHELL Slovakia s.r.o. SLOVENIA Shell Adria d.o.o. SOUTH AFRICA Bituguard Southern Africa (Pty) Ltd Blendcor (Pty) Ltd. [b] Sekelo Oil Trading (Pty) Limited Shell & BP South African Petroleum Refineries (Pty) Limited [b] Shell Downstream South Africa (Pty) Ltd Shell Global Customer Services Centre Cape Town (Pty) Ltd Shell South Africa Energy (Pty) Ltd Shell South Africa Exploration (Pty) Limited Shell South Africa Holdings (Pty) Ltd STISA (Pty) Limited SOUTH KOREA Hankook Shell Oil Company Hyundai and Shell Base Oil Co., Ltd SPAIN BG Energy Iberian Holdings, S.L. Shell & Disa Aviation Espaa, S.L. Shell Espaa, S.A. Shell Spain LNG, S.A.U. SUDAN Shell (Sudan) Petroleum Development Company Limited SWEDEN A Flygbrnslehantering Aktiebolag BG International Services AB Gothenburg Fuelling Company AB Malm Fuelling Services AB Shell Aviation Sweden AB Stockholm Fuelling Services AB SWITZERLAND Saraco SA Shell (Switzerland) AG Shell Brands International AG Shell Corporate Services Switzerland AG Shell Finance Switzerland AG Shell Holdings Switzerland AG Shell Lubricants Switzerland AG Shell Trading Switzerland AG Shell Treasury Company Switzerland AG SOGEP Socite Genevoise des Ptroles SA Solen Versicherungen AG Stazioni Autostradali Bellinzona SA UBAG \u2013 Unterflurbetankungsanlage Flughafen Zrich AG SYRIA Al Badiah Petroleum Company Al Furat Petroleum Company TAIWAN CPC Shell Lubricants Co. Ltd Shell Taiwan Limited", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5090": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5090, + "paragraph": "Address of registered office The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 160 Tuas South Avenue 5, Singapore, 637364 The Metropolis Tower 1, 9 North Buona Vista Drive, #07-01, Singapore, 138588 1 Commonwealth Lane, #09-30, One Commonwealth, Singapore, 149544", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5091": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5091, + "paragraph": "Einsteinova 23, Bratislava, 851 01", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5092": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5092, + "paragraph": "Bravnicarjeva ulica 13, Ljubljana, 1000", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5093": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5093, + "paragraph": "Twickenham, The Campus, 57 Sloan Street, Epsom Downs, Bryanston, 2021 Honshu Road, Durban, 4001 1st Floor Oxford Parks, 199 Oxford Road, Dunkeld, Gauteng, 2196 Reunion, Durban, 4001 Twickenham, The Campus, 57 Sloan Street, Epsom Downs, Bryanston, 2021 10 Rua Vasco de Gama, Foreshore, Cape Town, 8000 Twickenham, The Campus, 57 Sloan Street, Epsom Downs, Bryanston, 2021 Twickenham, The Campus, 57 Sloan Street, Epsom Downs, Bryanston, 2021 Twickenham, The Campus, 57 Sloan Street, Epsom Downs, Bryanston, 2021 Suite OE/2, The Nautica, The Waterclub, Beach Road, Granger Bay, Cape Town, 8001", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5094": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5094, + "paragraph": "No. 250, Sinsun-ro, Nam-gu, Busan, 48561 640-6, Daejuk-ri, Daesan-eup, Seosan-shi, Chungchongnam-do, 356-713", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5095": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5095, + "paragraph": "Paseo de la Castellana, 257-6, Madrid, 28046 Rio Bullaque, 2, Madrid, 28034 Paseo de la Castellana, 257-6, Madrid, 28046 Paseo de la Castellana, 257-6, Madrid, 28046", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5096": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5096, + "paragraph": "Shell House, P.O. Box 320, Khartoum", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5097": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5097, + "paragraph": "P.O. Box 135, Stockholm-Arlanda, 190 46 Deloitte, P.O. Box 450, stersund, 831 26 P.O. Box 2154, Gothenburg, 438 14 Sturup Flygplats, P.O. Box 22, Malm, 230 32 Gustavslundsvgen 22, Bromma, 16751 P.O. Box 85, Stockholm-Arlanda, 190 45", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5098": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5098, + "paragraph": "Route de Pr-Bois 17, Cointrin, 1216 Baarermatte, Baar, 6340 Baarermatte, Baar, 6340 Baarermatte, Baar, 6340 Baarermatte, Baar, 6340 Baarermatte, Baar, 6340 Steigerhubelstrasse 8, Bern, 3008 Baarermatte, Baar, 6340 Baarermatte, Baar, 6340 Route de Vernier 132, Vernier, 1214 Baarermatte, Baar, 6340 Autostrada A2 (direzione Gottardo), Hotel Bellinzona Sud, Monte Carasso, 6513 Zwscheteich, Rmlang, 8153", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5099": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5099, + "paragraph": "Damascus New Sham Western Dummar, Island No. 1 \u2013 Property 2299, P.O. Box 7660, Damascus Damascus New Sham Western Dummar, Island No. 1 \u2013 Property 2299, P.O. Box 7660, Damascus", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5100": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5100, + "paragraph": "No. 2, Tso-Nan Road, Nan-Tze District, P.O. Box 25-30, Kaohsiung, 811 International Trade Building, Room 2001, 20th Floor, 333, Keelung Road Section 1, Taipei, 110", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5101": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5101, + "paragraph": "36 36 43 36 72 100 100 100 100 72", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5102": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5102, + "paragraph": "20 100 100 100 100 100 100 100 100 34 100 50 20", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + }, + "5103": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5103, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 300, + "start_index_page": 5089, + "last_index_page": 5103 + } + }, + "301": { + "5104": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5104, + "paragraph": "Company by country of incorporation TANZANIA Fahari Gas Marketing Company Limited Mzalendo Gas Processing Company Limited Ruvuma Pipeline Company Limited Tanzania LNG Limited THAILAND Pattanadhorn Company Limited Sahapanichkijphun Company Limited Shell Global Solutions (Thailand) Limited Shell Global Solutions Holdings (Thailand) Limited Shell Global Solutions Service (Thailand) Company Limited Thai Energy Company Limited Unitas Company Limited TRINIDAD AND TOBAGO BG 2/3 Investments Limited Point Fortin LNG Exports Limited Shell Gas Supply Trinidad Limited Shell LNG T&T Ltd Shell Manatee Limited Shell Trinidad Central Block Limited Shell Trinidad Ltd Shell Trinidad North Coast Limited The International School of Port of Spain Limited TRINLING Limited TUNISIA Amilcar Petroleum Operations S.A. Shell Tunisia LPG S.A. Tunisian Processing S.A. TURKEY Ambarli Depolama Hizmetleri Ltd. Sti. Cekisan Depolama Hizmetleri Ltd. Sti. Marmara Depoculuk Hizmetleri A.S. Samsun Akaryakit VE Depolama A.S. Shell & Turcas Petrol A.S. Shell Enerji A.S. Shell Petrol A.S. UK Alie Investments Limited Angkor Shell Limited Applied Blockchain Ltd Autogas Limited BG Central Holdings Limited BG Cyprus Limited BG Delta Limited BG Employee Shares Trustees Limited BG Energy Capital Plc BG Energy Holdings Limited BG Energy Marketing Limited BG Equatorial Guinea Limited BG Exploration and Production Limited BG Gas Services Limited BG Gas Supply (UK) Limited BG General Holdings Limited BG General Partner Limited BG Global Employee Resources Limited BG Great Britain Limited BG Group Company Secretaries Limited BG Group Employee Benefit Trust Limited", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5105": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5105, + "paragraph": "Address of registered office", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5106": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5106, + "paragraph": "1st Floor Kilwa House, Plot 369, Toure Drive, Oyster Bay, P.O. Box 105833, Dar es Salaam 1st Floor Kilwa House, Plot 369, Toure Drive, Oyster Bay, P.O. Box 105833, Dar es Salaam 1st Floor Kilwa House, Plot 369, Toure Drive, Oyster Bay, P.O. Box 105833, Dar es Salaam 1st Floor Kilwa House, Plot 369, Toure Drive, Oyster Bay, P.O. Box 105833, Dar es Salaam", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5107": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5107, + "paragraph": "10 Soonthornkosa Road, Klongtoey, Bangkok, 10110 10 Soonthornkosa Road, Klongtoey, Bangkok, 10110 10 Soonthornkosa Road, Klongtoey, Bangkok, 10110 10 Soonthornkosa Road, Klongtoey, Bangkok, 10110 10 Soonthornkosa Road, Klongtoey, Bangkok, 10110 10 Soonthornkosa Road, Klongtoey, Bangkok, 10110 10 Soonthornkosa Road, Klongtoey, Bangkok, 10110", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5108": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5108, + "paragraph": "5 Saint Clair Avenue, Saint Clair, Port of Spain 5 Saint Clair Avenue, Saint Clair, Port of Spain 5 Saint Clair Avenue, Saint Clair, Port of Spain 5 Saint Clair Avenue, Saint Clair, Port of Spain 5 Saint Clair Avenue, Saint Clair, Port of Spain 5 Saint Clair Avenue, Saint Clair, Port of Spain Shell Energy House, 5 St. Clair Avenue, Port of Spain 5 Saint Clair Avenue, Saint Clair, Port of Spain 1 International Drive, Westmoorings 5 Saint Clair Avenue, Saint Clair, Port of Spain", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5109": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5109, + "paragraph": "Immeuble Mezghenni, Rue du Lac Windermere BP36, Les Berges du Lac, Tunis, 1053 Immeuble Rue du Lac Windermere, Les Berges du Lac, Tunis, 1053 Immeuble Rue du Lac Windermere, Les Berges du Lac, Tunis, 1053", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5110": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5110, + "paragraph": "Yakuplu Mah. Gencosman Cad. No:7, Beylikduzu, Istanbul, 34524 Yakuplu Mah. Gencosman Cad. No:3, Beylikduzu, Istanbul, 34524 Sultankoy Mahallesi Maltepe Sokak No:66, Marmara Ereglisi, Tekirdag, 59750 Dilovasi Organize Sanayi Bolgesi 1.Kisim, 1004 Sokak No:10, Dilovasi, Kocaeli Gulbahar Mah.Salih Tozan Sok., Karamancilar Is Merkezi B Blok No:18, Esentepe, Sisli, Istanbul, 34394 Gulbahar Mah.Salih Tozan Sok., Karamancilar Is Merkezi B Blok No:18, Esentepe, Sisli, Istanbul, 34394 Gulbahar Mah.Salih Tozan Sok., Karamancilar Is Merkezi B Blok No:18, Esentepe, Sisli, Istanbul, 34394", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5111": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5111, + "paragraph": "Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Level 39, One Canada Square, London, E14 5AB Athena House, Athena Drive, Tachbrook Park, Warwick, CV34 6RL Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5112": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5112, + "paragraph": "100 81 100 100 100 100 100 100 25 100", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5113": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5113, + "paragraph": "100 100 21 50 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + }, + "5114": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5114, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 301, + "start_index_page": 5104, + "last_index_page": 5114 + } + }, + "302": { + "5115": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5115, + "paragraph": "Company by country of incorporation BG Group Employee Shares Trustees Limited BG Group Limited BG Group Pension Trustees Limited BG Group Trustees Limited BG Intellectual Property Limited BG International Limited BG Iran Limited BG Karachaganak Limited BG Karachaganak Trading Limited BG Kenya L10A Limited BG Kenya L10B Limited BG LNG Investments Limited BG Mongolia Holdings Limited BG Netherlands BG Netherlands Financing Unlimited BG Norge Exploration Limited BG Norge Limited BG North Sea Holdings Limited BG OKLNG Limited BG Overseas Holdings Limited BG Overseas Investments Limited BG Overseas Limited BG Pension Funding Scottish Limited Partnership [l] BG Rosetta Limited BG South East Asia Limited BG Subsea Well Project Limited BG Tanzania Holdings Limited BG Trinidad LNG Limited BG UK Holdings Limited Brazil Shipping I Limited Brazil Shipping II Limited British Pipeline Agency Limited B-Snug Limited CRI Catalyst Company Europe Limited Derivatives Trading Americas Limited Dragon LNG Group Limited [b] Eastham Refinery Limited [b] Enterprise Oil Limited Enterprise Oil Middle East Limited Enterprise Oil Norge Limited Enterprise Oil Operations Limited Enterprise Oil U.K. Limited Farepilot Limited First Telecommunications Limited First Utility Limited Gainrace Limited Gatwick Airport Storage and Hydrant Company Limited Glossop Limited GOGB Limited Heathrow Airport Fuel Company Limited Heathrow Hydrant Operating Company Limited Hudson Energy Supply UK Limited Impello Limited International Inland Waterways, Limited Karachaganak Project Development Limited [b]", + "page": 302, + "start_index_page": 5115, + "last_index_page": 5120 + }, + "5116": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5116, + "paragraph": "Address of registered office Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA 5-7 Alexandra Road, Hemel Hempstead, Hertfordshire, HP2 5BS Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Main Road, Waterston, Milford Haven, Pembrokeshire, SA73 1DR Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Energy House, Westwood Business Park, Westwood Way, Coventry, CV4 8HS Shell Energy House, Westwood Business Park, Westwood Way, Coventry, CV4 8HS Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Building 1204, Sandringham Road, Heathrow Airport, Hounslow, Middlesex, TW6 3SH Building 1204, Sandringham Road, Heathrow Airport, Hounslow, Middlesex, TW6 3SH 3/F Elder House, 586-592 Elder Gate, Milton Keynes, MK9 1LR Shell Energy House, Westwood Business Park, Westwood Way, Coventry, CV4 8HS Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA", + "page": 302, + "start_index_page": 5115, + "last_index_page": 5120 + }, + "5117": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5117, + "paragraph": "% 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 50 100 100 100 50 50 100 100 100 100 100 100 100 100 100 13 100 100 14 10 100 100 100 38", + "page": 302, + "start_index_page": 5115, + "last_index_page": 5120 + }, + "5118": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5118, + "paragraph": "[l] Established by BG Group plc and the BG Trustee in 2013 as part of funding agreements associated with the BG pension scheme. Under the exemption conferred by Regulation 7 of the Partnerships ", + "page": 302, + "start_index_page": 5115, + "last_index_page": 5120 + }, + "5119": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5119, + "paragraph": "(Accounts) Regulations 2008, the accounts of this partnership have not been appended to Shell\u2019s Consolidated Financial Statements and have not been filed at the Companies House.", + "page": 302, + "start_index_page": 5115, + "last_index_page": 5120 + }, + "5120": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5120, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 302, + "start_index_page": 5115, + "last_index_page": 5120 + } + }, + "303": { + "5121": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5121, + "paragraph": "Company by country of incorporation UK continued Khmer Shell Limited Kite Power Systems Limited Limejump Energy Limited Limejump Intermediate 1 Limited Limejump Ltd Limejump Virtual 1 Limited Limejump Virtual 10 Limited Limejump Virtual 11 Limited Limejump Virtual 12 Limited Limejump Virtual 13 Limited Limejump Virtual 14 Limited Limejump Virtual 15 Limited Limejump Virtual 2 Limited Limejump Virtual 3 Limited Limejump Virtual 4 Limited Limejump Virtual 5 Limited Limejump Virtual 6 Limited Limejump Virtual 7 Limited Limejump Virtual 8 Limited Limejump Virtual 9 Limited Machine Max Limited Manchester Airport Storage and Hydrant Company Limited Maritime Association for Risk Mitigation & Safety Limited Methane Services Limited Murphy Schiehallion Limited Octane Properties Limited Private Oil Holdings Oman Limited Sabah Shell Petroleum Company Limited Saxon Oil Limited Saxon Oil Miller Limited Schooner Trustees Limited SELAP Limited SF Investment Management Limited Shell Aircraft Limited Shell Arabia Car Service Limited Shell Aviation Limited Shell Business Development Middle East Limited Shell Caribbean Investments Limited Shell Catalysts & Technologies Limited Shell Chemical Company of Eastern Africa Limited Shell Chemicals (Hellas) Limited Shell Chemicals Limited Shell Chemicals Support Services Asia Limited Shell Chemicals U.K. Limited Shell China Exploration and Production Company Limited Shell Clair UK Limited Shell Club Corringham Limited Shell Company (Hellas) Limited Shell Company (Pacific Islands) Limited Shell Corporate Director Limited Shell Corporate Secretary Limited Shell Direct (U.K.) Limited Shell Distributor (Holdings) Limited Shell Employee Benefits Trustee Limited Shell Energy Europe Limited", + "page": 303, + "start_index_page": 5121, + "last_index_page": 5125 + }, + "5122": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5122, + "paragraph": "Address of registered office", + "page": 303, + "start_index_page": 5121, + "last_index_page": 5125 + }, + "5123": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5123, + "paragraph": "Shell Centre, London, SE1 7NA 146 New London Road, Chelmsford, Essex, CM2 0AW Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Canterbury Court, Kennington Park, 1-3 Brixton Road, London, SW9 6DE Shell Centre, London, SE1 7NA 50 Broadway, London, SW1H 0BL Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA", + "page": 303, + "start_index_page": 5121, + "last_index_page": 5125 + }, + "5124": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5124, + "paragraph": "100 34 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 56 25 100 100 100 100 85 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100", + "page": 303, + "start_index_page": 5121, + "last_index_page": 5125 + }, + "5125": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5125, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 303, + "start_index_page": 5121, + "last_index_page": 5125 + } + }, + "304": { + "5126": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5126, + "paragraph": "Company by country of incorporation Shell Energy Investments Limited Shell Energy Retail Limited Shell Energy Supply UK LTD. Shell EP Offshore Ventures Limited Shell Exploration and Production Tanzania Limited Shell Finance GB Limited Shell Gas Holdings (Malaysia) Limited Shell Gas Marketing U.K Limited Shell Global LNG Limited Shell Hasdrubal Limited Shell Holdings (U.K.) Limited Shell Information Technology International Limited Shell International Gas Limited Shell International Limited Shell International Petroleum Company Limited Shell International Trading and Shipping Company Limited Shell Malaysia Limited Shell Marine Products Limited Shell New Energies UK Ltd Shell Overseas Holdings Limited Shell Overseas Services Limited Shell Pension Reserve Company (SIPF) Limited Shell Pension Reserve Company (SOCPF) Limited Shell Pension Reserve Company (UK) Limited Shell Pensions Trust Limited Shell Property Company Limited Shell QGC Holdings Limited [i] Shell QGC Midstream 1 Limited [i] Shell QGC Midstream 2 Limited Shell QGC Upstream 1 Limited Shell QGC Upstream 2 Limited Shell Research Limited Shell Response Limited Shell Shared Service Centre \u2013 Glasgow Limited Shell South Asia LNG Limited Shell Supplementary Pension Plan Trustees Limited Shell Tankers (U.K.) Limited Shell Trading International Limited Shell Treasury Centre Limited Shell Treasury Dollar Company Limited Shell Treasury Euro Company Limited Shell Treasury UK Limited Shell Trinidad 5(A) Limited Shell Trinidad and Tobago Limited Shell Trinidad Block E Limited Shell Trustee Solutions Limited Shell Tunisia Upstream Limited Shell U.K. Limited Shell U.K. North Atlantic Limited Shell U.K. Oil Products Limited Shell Upstream Overseas Services (I) Limited Shell Ventures New Zealand Limited Shell Ventures U.K. Limited Shell-Mex and B.P. Limited Stansted Fuelling Company Limited Steama Company Limited", + "page": 304, + "start_index_page": 5126, + "last_index_page": 5129 + }, + "5127": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5127, + "paragraph": "Address of registered office Shell Centre, London, SE1 7NA Shell Energy House, Westwood Business Park, Westwood Way, Coventry, CV4 8HS Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA 1 Altens Farm Road, Nigg, Aberdeen, AB12 3FY Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Exxonmobil House, Ermyn Way, Leatherhead, KT22 8UX Pannone Corporate Llp, 378-380 Deansgate, Castlefield, Manchester, M3 4LY", + "page": 304, + "start_index_page": 5126, + "last_index_page": 5129 + }, + "5128": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5128, + "paragraph": "% 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 60 14 35", + "page": 304, + "start_index_page": 5126, + "last_index_page": 5129 + }, + "5129": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5129, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 304, + "start_index_page": 5126, + "last_index_page": 5129 + } + }, + "305": { + "5130": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5130, + "paragraph": "Company by country of incorporation UK continued STT (Das Beneficiary) Limited [a] Synthetic Chemicals (Northern) Limited Telegraph Service Stations Limited The Anglo-Saxon Petroleum Company Limited The Asiatic Petroleum Company Limited The Consolidated Petroleum Company Limited The Mexican Eagle Oil Company Limited The New Motion EVSE Limited The Shell Company (W.I.) Limited The Shell Company of Hong Kong Limited The Shell Company of India Limited The Shell Company of Nigeria Limited The Shell Company of Thailand Limited The Shell Company of The Philippines Limited The Shell Company of Turkey Limited The Shell Company of West Africa Limited The Shell Marketing Company of Borneo Limited The Shell Petroleum Company Limited The Shell Transport and Trading Company Limited Thermocomfort Limited UK Shell Pension Plan Trust Limited United Kingdom Oil Pipelines Limited [b] Walton-Gatwick Pipeline Company Limited [b] West London Pipeline and Storage Limited [b] Wonderbill Limited Woodlea Limited UKRAINE Shell Ukraine Exploration and Production I LLC UNITED ARAB EMIRATES Abu Dhabi Gas Industries Limited (GASCO) Emdad Aviation Fuel Storage FZCO Sharjah Fuelling Services Company Ltd. URUGUAY BG (Uruguay) S.A. Dinarel S.A. Gasoducto Cruz del Sur S.A. USA Aera Energy LLC [b] Aera Energy Services Company Airbiquity Inc. Amberjack Pipeline Company LLC [c] Asset Management and Power Services LLC Atlantic 1 Holdings LLC [c] Atlantic 2/3 Holdings LLC [c] Atlantic 4 Holdings LLC [c] Atlantic Shores Offshore Wind, LLC [c] Au Energy, LLC Baconton Power LLC [c] Bengal Pipeline Company LLC BG Brasilia, LLC [c] BG Energy Finance, Inc. BG Energy Merchants, LLC [c] BG Gulf Coast LNG, LLC [c] BG LNG Services, LLC [c] BG LNG Trading, LLC BG North America, LLC [c]", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5131": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5131, + "paragraph": "Address of registered office", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5132": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5132, + "paragraph": "Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA 4th Floor, Davidson Building, 5 Southampton Street, London, WC2E 7HA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA 5-7 Alexandra Road, Hemel Hempstead, Hertfordshire, HP2 5BS 5-7 Alexandra Road, Hemel Hempstead, Hertfordshire, HP2 5BS 5-7 Alexandra Road, Hemel Hempstead, Hertfordshire, HP2 5BS Shell Centre, London, SE1 7NA Shell Centre, London, SE1 7NA", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5133": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5133, + "paragraph": "4 Mykoly Grinchenka street, Kiev, 03038", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5134": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5134, + "paragraph": "P.O. Box 665, Abu Dhabi Emdad Aviation Fuel Storage FZCO, P.O. Box 261781, Jebel Ali, Dubai P.O. Box 4225, Sharjah, 4225", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5135": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5135, + "paragraph": "La Cumparsita, 1373 4th Floor, Montevideo, 11200 La Cumparsita, 1373 4th Floor, Montevideo, 11200 La Cumparsita, 1373 4th Floor, Montevideo, 11200", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5136": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5136, + "paragraph": "10000 Ming Avenue, Bakersfield, CA 93311 10000 Ming Avenue, Bakersfield, CA 93311 1191 2nd Avenue, Suite 1900, Seattle, WA 98101 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 2441 High Timbers Drive, Suite 220, The Woodlands, TX 77380 RL & F Service Corp, 920 N King St Floor 2, New Castle, Wilmington, DE 19801 RL & F Service Corp, 920 N King St Floor 2, New Castle, Wilmington, DE 19801 RL & F Service Corp, 920 N King St Floor 2, New Castle, Wilmington, DE 19801 Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808 41805 Albrae Street, Fremont, CA 94538 1499 38th Boulevard N.W., Cairo, GA 31728 Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5137": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5137, + "paragraph": "100 100 100 100 100 50 100 100 100 100 100 100 100 75 100 100 100 100 100 100 100 48 52 38 100 100", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5138": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5138, + "paragraph": "52 50 26 30 50 46 58 1 50 50 35 28 100 100 100 100 100 100 100", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + }, + "5139": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5139, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 305, + "start_index_page": 5130, + "last_index_page": 5139 + } + }, + "306": { + "5140": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5140, + "paragraph": "Company by country of incorporation BG US Production Company, LLC [c] BG US Services, Inc. Bluware Headwave Ventures Inc. Brazil Crude Services, LLC [c] Brazos Wind Ventures, LLC [c] Caesar Oil Pipeline Company, LLC [c] Colbea Enterprises, LLC Colonial Pipeline Company Concha Chemical Pipeline LLC [c] Crestwood Permian Basin LLC CRI Sales and Services Inc. CRI Zeolites Inc. Cumulus Digital Systems, Inc. Deer Park Refining Limited Partnership [b] [d] Distributed Generation Solutions LLC EcoSmart Solution LLC Ellwood Land Holdings, LLC [c] Endymion Oil Pipeline Company, LLC [c] Enterprise Oil North America Inc. EPP LLC [c] Equilon Enterprises LLC [c] Explorer Pipeline Company Gaviota Terminal Company [d] GI Endurant LLC [b] GI Energy Storage LLC [c] GlassPoint Solar Inc. Husk Power Systems, Inc. Infineum USA Inc. Infineum USA L.P. [h] J & J Lubrication, LLC [c] Jiffy Lube International, Inc. Lake Charles Exports, LLC [c] Laurentide E&P, LLC [c] Lazlyng Real Estate Company, LLC [c] LOCAP LLC LOOP LLC Maple Power Holdings LLC Mars Oil Pipeline Company LLC [c] Mattox Pipeline Company LLC [c] Mayflower Wind Energy LLC [c] MP2 Energy LLC [c] MP2 Energy NE LLC [c] MP2 Energy NY LLC [c] MP2 Energy Retail Holdings LLC [c] MP2 Energy Texas LLC [c] MP2 Generation LLC [c] MP2 Mesquite Creek Wind LLC [c] Mpower2 LLC [c] Noble Assurance Company Odyssey Pipeline L.L.C. [c] Oryx Caspian Pipeline, L.L.C. [c] Pacwest Energy, LLC. Pecten Arabian Company Pecten Brazil Exploration Company Pecten Midstream LLC [c] Pecten Orient Company Pecten Orient Company LLC [c]", + "page": 306, + "start_index_page": 5140, + "last_index_page": 5143 + }, + "5141": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5141, + "paragraph": "Address of registered office The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 16285 Park Ten Place, Suit 300, Houston, TX 77084 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 2050 Plainfield Pike, Cranston, RI 02921 Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 2441 High Timbers Drive, Suite 220, The Woodlands, TX 77380 Corporation Service Company, 215 Little Falls Drive, Wilmington, DE 19808 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 150 N. Dairy Ashford, Houston, TX 77079 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 47669 Fremont Blvd., Fremont, CA 94538 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 1900 East Linden Avenue, Linden, NJ 07036 Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 Bechtel Enterprises, 12011 Sunset Hills Road, Reston, VA 20190 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 C T Corporation System, 1999 Bryan Street, Suite 900, Dallas, TX 75201 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 3450 E. Commercial Ct., Meridian, ID 83642 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801", + "page": 306, + "start_index_page": 5140, + "last_index_page": 5143 + }, + "5142": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5142, + "paragraph": "% 100 100 20 100 100 15 50 8 100 24 100 100 44 50 33 35 100 5 100 100 100 19 20 58 100 39 30 50 50 100 100 80 100 100 20 46 68 34 79 50 100 100 100 100 100 100 100 100 100 34 100 50 100 100 48 100 100", + "page": 306, + "start_index_page": 5140, + "last_index_page": 5143 + }, + "5143": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5143, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 306, + "start_index_page": 5140, + "last_index_page": 5143 + } + }, + "307": { + "5144": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5144, + "paragraph": "Company by country of incorporation USA continued Pecten Producing Company Pecten Trading Company Pecten Victoria Company Pecten Yemen Masila Company Pennzoil-Quaker State Company Pennzoil-Quaker State International Corporation Pennzoil-Quaker State Nominee Company Peru LNG Company LLC [c] Poseidon Oil Pipeline Company, LLC Power Limited Partnership [d] Premium Velocity Auto LLC [c] Proteus Oil Pipeline Company, LLC [c] Quaker State Investment Corporation RDK Ventures, LLC RK Caspian Shipping Company, LLC [c] S T Exchange, Inc. Salamander Solutions Inc. San Pablo Bay Pipeline Company LLC [c] Sand Dollar Pipeline LLC [c] SCOGI GP [d] Shell (US) Gas & Power M&T Holdings, Inc. Shell California Pipeline Company LLC [c] Shell Catalysts & Technologies Americas LP [d] Shell Catalysts & Technologies Company Shell Catalysts & Technologies Holdings Inc. Shell Catalysts & Technologies LP [d] Shell Catalysts & Technologies US LP [d] Shell Catalysts Ventures Inc. Shell Chemical Appalachia LLC [c] Shell Chemical LP [d] Shell Chemicals Arabia L.L.C. [c] Shell Communications, Inc. Shell Deepwater Royalties Inc. Shell Downstream Inc. Shell Energy Company Shell Energy Holding GP LLC [c] Shell Energy North America (US), L.P. [d] Shell Energy Resources Company Shell EP Holdings Inc. Shell Expatriate Employment US Inc. Shell Exploration & Production Company Shell Exploration Company Inc. Shell Frontier Oil & Gas Inc. Shell Gas Gathering Corp. #2 Shell Global Solutions (US) Inc. Shell GOM Pipeline Company LLC [c] Shell Gulf of Mexico Inc. Shell Information Technology International Inc. Shell International Exploration and Production Inc. Shell Lake Charles Operations, LLC [c] Shell Leasing Company Shell Marine Products (US) Company Shell Midstream LP Holdings LLC [c] Shell Midstream Operating LLC [c] Shell Midstream Partners GP LLC [c]", + "page": 307, + "start_index_page": 5144, + "last_index_page": 5148 + }, + "5145": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5145, + "paragraph": "Address of registered office", + "page": 307, + "start_index_page": 5144, + "last_index_page": 5148 + }, + "5146": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5146, + "paragraph": "The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company of Nevada, 311 South Division Street, Carson City, NV 89703 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 4080 West Jonathan Moore Pike, Columbus, IN 47201 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801", + "page": 307, + "start_index_page": 5144, + "last_index_page": 5148 + }, + "5147": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5147, + "paragraph": "100 100 100 100 100 100 100 20 17 100 100 5 100 50 100 100 28 100 48 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 48 100", + "page": 307, + "start_index_page": 5144, + "last_index_page": 5148 + }, + "5148": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5148, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 307, + "start_index_page": 5144, + "last_index_page": 5148 + } + }, + "308": { + "5149": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5149, + "paragraph": "Company by country of incorporation Shell Midstream Partners, L.P. [h] Shell NA Gas & Power Holding Company Shell NA LNG LLC [c] Shell New Energies US LLC [c] Shell North America Gas & Power Services Company Shell Offshore and Chemical Investments Inc. Shell Offshore Inc. Shell Offshore Response Company LLC [c] Shell Oil Company Shell Oil Company Investments Inc. Shell Oil Products Company LLC [c] Shell Onshore Ventures Inc. Shell Petroleum Inc. Shell Pipeline Company LP [d] Shell Pipeline GP LLC [c] Shell Rail Operations Company Shell Retail and Convenience Operations LLC [c] Shell RSC Company Shell Thailand E&P Inc. Shell Trademark Management Inc. Shell Trading (US) Company Shell Trading North America Company Shell Trading Risk Management, LLC [c] Shell Trading Services Company Shell Transportation Holdings LLC [c] Shell Treasury Center (West) Inc. Shell US E&P Investments LLC [c] Shell US Gas & Power LLC [c] Shell US Hosting Company Shell US LNG, LLC [c] Shell Ventures LLC [c] Shell WindEnergy Inc. Shell WindEnergy Services Inc. Ship Shoal Pipeline Company [d] Silicon Ranch Corporation SOI Finance Inc. Sonnen Inc. SOPC Holdings East LLC [c] SOPC Holdings West LLC [c] SOPC Southeast Inc. SWEPI LP [d] Tejas Coral GP, LLC [c] Tejas Coral Holding, LLC [c] Tejas Power Generation, LLC [c] Texas Petroleum Group LLC Texas-New Mexico Pipe Line Company The Valley Camp Coal Company Three Wind Holdings, LLC [c] TMR Company Tri Star Energy LLC Triton Diagnostics Inc. Triton Terminaling LLC [c] Triton West LLC [c] True North Energy LLC URSA Oil Pipeline Company LLC [c]", + "page": 308, + "start_index_page": 5149, + "last_index_page": 5152 + }, + "5150": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5150, + "paragraph": "Address of registered office The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 150 N. Dairy Ashford, Houston, TX 77079 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 2711 Centerville Road, Suite 400, New Castle County, Wilmington, DE 19808 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 11111 Wilcrest Green, Suite 100, Houston, TX 77042 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 1740 Ed Temple Blvd, Nashville, TN 37208 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801 10346 Brecksville Rd, Brecksville, OH 44141 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801", + "page": 308, + "start_index_page": 5149, + "last_index_page": 5152 + }, + "5151": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5151, + "paragraph": "% 48 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 43 43 100 100 100 100 100 100 100 100 100 50 100 100 50 100 33 100 100 48 50 45", + "page": 308, + "start_index_page": 5149, + "last_index_page": 5152 + }, + "5152": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5152, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 308, + "start_index_page": 5149, + "last_index_page": 5152 + } + }, + "309": { + "5153": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5153, + "paragraph": "Company by country of incorporation USA continued West Shore Pipe Line Company Zeco Holdings, Inc. Zeco Systems, Inc. Zeolyst International Zydeco Pipeline Company LLC [c] VENEZUELA Shell Venezuela Productos, C.A.", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + }, + "5154": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5154, + "paragraph": "Sucre Gas, S.A. VIETNAM Shell Vietnam Ltd ZIMBABWE Central African Petroleum Refineries (Private) Limited", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + }, + "5155": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5155, + "paragraph": "Address of registered office", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + }, + "5156": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5156, + "paragraph": "Corporation Service Company, 251 Little Falls Drive, Wilmington, DE 19808 1013 Centre Road, County of New Castle, Delaware, Wilmington, DE 19805 1013 Centre Road, County of New Castle, Delaware, Wilmington, DE 19805 3333 Hwy 6 South, Houston, TX 77082 The Corporation Trust Company, Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + }, + "5157": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5157, + "paragraph": "Av. Orinoco, Edificio Centro Empresarial Premium, Piso 2, Oficina 2-B, Urbanizacin Las Mercedes, Caracas, Distrito Capital, 1060 Av. Orinoco, Edificio Centro Empresarial Premium, Piso 2, Oficinas 2-A y 2-B, Urbanizacin Las Mercedes, Caracas, Distrito Capital, 1060 Avenida Leonardo Da Vinci, Edificio PDV Servicios, Caracas, Distrito Capital", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + }, + "5158": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5158, + "paragraph": "Go Dau Industrial Zone, Phuoc Thai Commune, Long Thanh District, Dong Nai Province", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + }, + "5159": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5159, + "paragraph": "Block 1, Tendeseka Office Park, CNR Samora Machel Avenue, Renfrew Road, Harare", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + }, + "5160": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5160, + "paragraph": "Shell Annual Report and Accounts 2019Additional Information", + "page": 309, + "start_index_page": 5153, + "last_index_page": 5160 + } + }, + "312": { + "5161": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5161, + "paragraph": "FINANCIAL CALENDAR IN 2020", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5162": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5162, + "paragraph": "The Annual General Meeting will be held on May 19, 2020.", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5163": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5163, + "paragraph": "Results announcements Interim dividend timetable Announcement date Ex-dividend date [D] Record date Closing of currency election date [E] Pounds sterling and euro equivalents announcement date Payment date", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5164": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5164, + "paragraph": "2019 Fourth quarter [A] January 30", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5165": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5165, + "paragraph": "2020 First quarter [B] April 30", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5166": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5166, + "paragraph": "2020 Second quarter [B] July 30", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5167": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5167, + "paragraph": "2020 Third quarter [B] October 29", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5168": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5168, + "paragraph": "January 30 [C] February 13 February 14 February 28 March 9 March 23", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5169": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5169, + "paragraph": "April 30 May 14 May 15 June 2 June 8 June 22", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5170": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5170, + "paragraph": "July 30 August 13 August 14 August 28 September 8 September 21", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5171": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5171, + "paragraph": "October 29 November 12 November 13 November 27 December 3 December 16", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5172": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5172, + "paragraph": "[A] In respect of the financial year ended December 31, 2019. [B] In respect of the financial year ended December 31, 2020. [C] The Directors do not propose to recommend any further distribution in respect of 2019. [D] The New York Stock Exchange (NYSE), with effect from September 5, 2017, reduced the standard settlement cycle in accordance with the SEC amendments to Exchange Act Rule ", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5173": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5173, + "paragraph": "15c6-1(a). Underthese rules, regular settlement will occur on a T+2 basis for trades occurring on or after the SEC\u2019s implementation date of September 5, 2017. As a result RDS A ADSs and RDS B ADSs tradedonthe NYSE markets will now settle in line with RDS A shares and RDS B shares traded on European markets, who moved to a T+2 settlement basis for trades in 2014, resulting in the sameex-dividenddate for RDS A shares, RDS B shares, RDS A ADSs and RDS B ADSs. Record dates will not change. The timings of these are detailed above. [E] A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately through Euroclear Nederland. This ", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5174": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5174, + "paragraph": "may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5175": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5175, + "paragraph": "REGISTERED OFFICE Royal Dutch Shell plc Shell Centre London SE1 7NA United Kingdom Registered in England and Wales Company number 4366849 Registered with the Dutch Trade Register under number 34179503 HEADQUARTERS Royal Dutch Shell plc Carel van Bylandtlaan 30 2596 HR The Hague The Netherlands", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5176": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5176, + "paragraph": "SHAREHOLDER RELATIONS Royal Dutch Shell plc Carel van Bylandtlaan 30 2596 HR The Hague The Netherlands +31 (0)70 377 1272 or Royal Dutch Shell plc Shell Centre London SE1 7NA United Kingdom +44 (0)20 7934 3363 royaldutchshell.shareholders@shell.com www.shell.com/shareholder", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5177": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5177, + "paragraph": "SHARE REGISTRATION Equiniti Aspect House Spencer Road Lancing West Sussex BN99 6DA United Kingdom 0800 169 1679 (UK) +44 (0)121 415 7073 For online information about your holding and to change the way you receive your company documents: www.shareview.co.uk", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5178": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5178, + "paragraph": "AMERICAN DEPOSITARY SHARES(ADSS) JPMorgan Chase Bank, N.A. P.O. Box 64504 St. Paul, MN 55164-0504 USA Overnight correspondence to: JPMorgan Chase Bank, N.A. 1110 Centre Pointe Curve, Suite 101 Mendota Heights, MN 55120-4100 USA +1 888 737 2377 (USA only) +1 651 453 2128 (International) jpmorgan.adr@equiniti.com www.adr.com/shareholder", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5179": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5179, + "paragraph": "INVESTOR RELATIONS Royal Dutch Shell plc PO Box 162 2501 AN The Hague The Netherlands +31 (0)70 377 4540 or Shell Oil Company Investor Relations 150 N Dairy Ashford Houston, TX 77079 USA +1 832 337 2034 ir-europe@shell.com ir-usa@shell.com www.shell.com/investor", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + }, + "5180": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5180, + "paragraph": "REPORT ORDERING www.shell.com/order Annual Report/20-F service for US residents +1 888 301 0504", + "page": 312, + "start_index_page": 5161, + "last_index_page": 5180 + } + }, + "315": { + "5181": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5181, + "paragraph": "ALL OUR REPORTS ARE AVAILABLE AT HTTP://REPORTS.SHELL.COM", + "page": 315, + "start_index_page": 5181, + "last_index_page": 5185 + }, + "5182": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5182, + "paragraph": " \u25a0 Comprehensive financial information on our ", + "page": 315, + "start_index_page": 5181, + "last_index_page": 5185 + }, + "5183": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5183, + "paragraph": "activities throughout 2019", + "page": 315, + "start_index_page": 5181, + "last_index_page": 5185 + }, + "5184": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5184, + "paragraph": " \u25a0 Detailed operational information including maps \u25a0 Report on our progress in contributing to ", + "page": 315, + "start_index_page": 5181, + "last_index_page": 5185 + }, + "5185": { + "pdf_name": "shell_annual_report_2019.pdf", + "unique_paragraph_id": 5185, + "paragraph": "sustainable development", + "page": 315, + "start_index_page": 5181, + "last_index_page": 5185 + } + } + } +} diff --git a/src/relevance_detector/OSC/shell_annual_report_2019.pdf b/src/relevance_detector/OSC/shell_annual_report_2019.pdf new file mode 100644 index 0000000..7a29092 Binary files /dev/null and b/src/relevance_detector/OSC/shell_annual_report_2019.pdf differ diff --git a/src/relevance_detector/data/train_data.csv b/src/relevance_detector/data/train_data.csv new file mode 100644 index 0000000..90abab0 --- /dev/null +++ b/src/relevance_detector/data/train_data.csv @@ -0,0 +1,79 @@ +question,paragraph,label +What is the total volume of proven and probable hydrocarbons reserves?,"Natural resources 11,096 Proved oil and gas reserves (million boe) [B]",0 +What is the total amount of scope 1 and 2 greenhouse gases emissions?,"Natural resources 11,096 Proved oil and gas reserves (million boe) [B]",0 +In which year was the annual report or the sustainability report published?,"Although we have no immediate plans to move to a net-zero emissions +portfolio, in November of 2017, we announced our ambition to reduce +our Net Carbon Footprint in step with society’s progress towards the +Paris Agreement’s goal of holding the rise in global average temperatures +this century to well below 2°C above pre‑industrial levels. Accordingly, +assuming society aligns itself with the Paris Agreement’s goals, we aim to +reduce our Net Carbon Footprint, which includes not only our direct and +indirect carbon emissions, associated with producing the energy products +which we sell, but also our customers’ emissions from their use of the +energy products that we sell, by around 20% in 2035 and by around +50% in 2050.",0 +What is the annual total production from lignite (brown coal)?,"After taking production into account, our proved reserves decreased by +482 million boe in 2019 to 11,096 million boe at December 31, 2019.",0 +In which year was the annual report or the sustainability report published?,"Annual Report and Accounts for the year ended December 31, 2019 Royal Dutch Shell PLC",1 +In which year was the annual report or the sustainability report published?,"Proved oil and gas reserves (million boe) +11,096 2018: 11,578",0 +What is the volume of estimated probable hydrocarbons reserves?,"Proved oil and gas reserves (million boe) +11,096 2018: 11,578",0 +What is the total amount of energy indirect greenhouse gases emissions referred to as scope 2 emissions?,"Proved oil and gas reserves (million boe) +11,096 2018: 11,578",0 +What is the total amount of upstream energy indirect greenhouse gases emissions referred to as scope 3 emissions?,"After taking production into account, our proved reserves decreased by +482 million boe in 2019 to 11,096 million boe at December 31, 2019.",0 +In which year was the annual report or the sustainability report published?,"After taking production into account, our proved reserves decreased by +482 million boe in 2019 to 11,096 million boe at December 31, 2019.",0 +What is the volume of estimated proven hydrocarbons reserves?,"Natural resources 11,096 Proved oil and gas reserves (million boe) [B]",1 +What is the volume of estimated proven hydrocarbons reserves?,"After taking production into account, our proved reserves decreased by +482 million boe in 2019 to 11,096 million boe at December 31, 2019.",1 +What is the volume of estimated proven hydrocarbons reserves?,"Proved oil and gas reserves (million boe) +11,096 2018: 11,578",1 +What is the volume of estimated proven hydrocarbons reserves?,"Accordingly, after taking production into account, our proved reserves +decreased by 482 million boe in 2019, to 11,096 million boe at December +31, 2019, with a decrease of 314 million boe from subsidiaries and +a decrease of 169 million boe from the Shell share of joint ventures +and associates.",1 +What is the total installed capacity from lignite (brown coal)?,"Accordingly, after taking production into account, our proved reserves +decreased by 482 million boe in 2019, to 11,096 million boe at December +31, 2019, with a decrease of 314 million boe from subsidiaries and +a decrease of 169 million boe from the Shell share of joint ventures +and associates.",0 +What is the total volume of hydrocarbons production?,"Annual Report and Accounts for the year ended December 31, 2019 Royal Dutch Shell PLC",0 +What is the volume of estimated proven hydrocarbons reserves?,"Proved oil and gas reserves (million boe) +11,096",1 +"What is the total amount of scope 1, scope 2 and scope 3 greenhouse gases emissions?","Annual Report and Accounts for the year ended December 31, 2019 Royal Dutch Shell PLC",0 +What is the total volume of natural gas liquid production?,"Proved oil and gas reserves (million boe) +11,096",0 +What is the annual total production from coal?,"Natural resources 11,096 Proved oil and gas reserves (million boe) [B]",0 +What is the total amount of energy indirect greenhouse gases emissions referred to as scope 2 emissions?,"Although we have no immediate plans to move to a net-zero emissions +portfolio, in November of 2017, we announced our ambition to reduce +our Net Carbon Footprint in step with society’s progress towards the +Paris Agreement’s goal of holding the rise in global average temperatures +this century to well below 2°C above pre‑industrial levels. Accordingly, +assuming society aligns itself with the Paris Agreement’s goals, we aim to +reduce our Net Carbon Footprint, which includes not only our direct and +indirect carbon emissions, associated with producing the energy products +which we sell, but also our customers’ emissions from their use of the +energy products that we sell, by around 20% in 2035 and by around +50% in 2050.",0 +What is the base year for carbon reduction commitment?,"Natural resources 11,096 Proved oil and gas reserves (million boe) [B]",0 +In which year was the annual report or the sustainability report published?,"Natural resources 11,096 Proved oil and gas reserves (million boe) [B]",0 +What is the base year for carbon reduction commitment?,"Proved oil and gas reserves (million boe) +11,096 2018: 11,578",0 +What is the total volume of hydrocarbons production?,"Proved oil and gas reserves (million boe) +11,096 2018: 11,578",0 +What is the company name?,"Proved oil and gas reserves (million boe) +11,096 2018: 11,578",0 +What is the climate commitment scenario considered?,"Although we have no immediate plans to move to a net-zero emissions +portfolio, in November of 2017, we announced our ambition to reduce +our Net Carbon Footprint in step with society’s progress towards the +Paris Agreement’s goal of holding the rise in global average temperatures +this century to well below 2°C above pre‑industrial levels. Accordingly, +assuming society aligns itself with the Paris Agreement’s goals, we aim to +reduce our Net Carbon Footprint, which includes not only our direct and +indirect carbon emissions, associated with producing the energy products +which we sell, but also our customers’ emissions from their use of the +energy products that we sell, by around 20% in 2035 and by around +50% in 2050.",1 diff --git a/src/relevance_detector/inference.py b/src/relevance_detector/inference.py new file mode 100644 index 0000000..e95a591 --- /dev/null +++ b/src/relevance_detector/inference.py @@ -0,0 +1,39 @@ +""" +Module: inference_utils +Author: Tanishq-ids + +This module contains utility functions for performing inference +using pre-trained sequence classification models. +""" + +import torch +from transformers import AutoModelForSequenceClassification, AutoTokenizer + + +def get_inference(question: str, paragraph: str, model_path: str, tokenizer_path: str) -> int: + """ + Perform inference using a pre-trained sequence classification model. + + Parameters: + question (str): The question for inference. + paragraph (str): The paragraph to be analyzed. + model_path (str): Path to the pre-trained model. + tokenizer_path (str): Path to the tokenizer to the pre-trained model. + + Returns: + int: Predicted label ID. + """ + model = AutoModelForSequenceClassification.from_pretrained(model_path) + tokenizer = AutoTokenizer.from_pretrained(tokenizer_path) + + # Tokenize inputs + inputs = tokenizer(question, paragraph, return_tensors="pt", truncation=True, padding=True, max_length=512) + + # Forward pass + with torch.no_grad(): + outputs = model(**inputs) + + # Get predicted label + predicted_label_id = torch.argmax(outputs.logits, dim=1).item() + + return predicted_label_id diff --git a/src/relevance_detector/inference_demo.ipynb b/src/relevance_detector/inference_demo.ipynb new file mode 100644 index 0000000..8892096 --- /dev/null +++ b/src/relevance_detector/inference_demo.ipynb @@ -0,0 +1,65 @@ +{ + "cells": [ + { + "cell_type": "code", + "execution_count": 3, + "metadata": {}, + "outputs": [], + "source": [ + "from inference import get_inference" + ] + }, + { + "cell_type": "code", + "execution_count": 4, + "metadata": {}, + "outputs": [], + "source": [ + "##Define your question and paragraph\n", + "question = \"What is the total volume of proven and probable hydrocarbons reserves? \"\n", + "paragraph = \"Natural resources 11,096 Proved oil and gas reserves (million boe) [B]\"" + ] + }, + { + "cell_type": "code", + "execution_count": 5, + "metadata": {}, + "outputs": [ + { + "data": { + "text/plain": [ + "0" + ] + }, + "execution_count": 5, + "metadata": {}, + "output_type": "execute_result" + } + ], + "source": [ + "get_inference(question, paragraph, \"saved_model\", \"saved_model\")" + ] + } + ], + "metadata": { + "kernelspec": { + "display_name": "venv", + "language": "python", + "name": "python3" + }, + "language_info": { + "codemirror_mode": { + "name": "ipython", + "version": 3 + }, + "file_extension": ".py", + "mimetype": "text/x-python", + "name": "python", + "nbconvert_exporter": "python", + "pygments_lexer": "ipython3", + "version": "3.10.4" + } + }, + "nbformat": 4, + "nbformat_minor": 2 +} diff --git a/src/relevance_detector/make_sample_training_data.ipynb b/src/relevance_detector/make_sample_training_data.ipynb new file mode 100644 index 0000000..e48ec62 --- /dev/null +++ b/src/relevance_detector/make_sample_training_data.ipynb @@ -0,0 +1,204 @@ +{ + "cells": [ + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "import random\n", + "import json\n", + "import pandas as pd" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "df = pd.read_excel(r\"\\\\wwg00m.rootdom.net\\DFS\\HOME\\FHEL7SE\\Tanishq\\lala\\Hugging_Model\\OSC\\annotations_training.xlsx\")" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# Open the file with explicit encoding parameter\n", + "with open(\"OSC/result.json\", \"r\", encoding=\"utf-8\") as f:\n", + " data = json.load(f)\n", + "\n", + "\n", + "# Load the KPI mapping file\n", + "kpi_mapping = pd.read_csv(\"OSC/kpi_mapping.csv\")\n", + "kpi_mapping = kpi_mapping.iloc[:, :5]\n", + "kpi_mapping.head()" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# Initialize lists to store data for new DataFrame\n", + "question_list = []\n", + "paragraph_list = []\n", + "label_list = []\n", + "\n", + "for i in range(df.shape[0]):\n", + " paragraph = df[\"relevant_paragraphs\"][i].strip(\"[]\").strip('\"\"')\n", + " kpi_id = df[\"kpi_id\"][i]\n", + "\n", + " for j in range(kpi_mapping.shape[0]):\n", + " if kpi_id == kpi_mapping[\"kpi_id\"][j]:\n", + " question = kpi_mapping[\"question\"][j]\n", + " LABEL = 1\n", + " break\n", + "\n", + " # Append values to lists\n", + " question_list.append(question)\n", + " paragraph_list.append(paragraph)\n", + " label_list.append(LABEL)\n", + "\n", + "# Create new DataFrame\n", + "new_df = pd.DataFrame({\"question\": question_list, \"paragraph\": paragraph_list, \"label\": label_list})\n", + "\n", + "# Display new DataFrame\n", + "print(new_df)" + ] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### genereate negative data" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "ran_ques = []\n", + "ran_par = []\n", + "ran_lab = []\n", + "\n", + "\n", + "for i in range(df.shape[0]):\n", + " paragraph = df[\"relevant_paragraphs\"][i].strip(\"[]\").strip('\"\"')\n", + " kpi_id = df[\"kpi_id\"][i]\n", + "\n", + " for j in range(kpi_mapping.shape[0]):\n", + " if kpi_id != kpi_mapping[\"kpi_id\"][j]:\n", + " question = kpi_mapping[\"question\"][j]\n", + " LABEL = 0\n", + "\n", + " # Append values to lists\n", + " ran_ques.append(question)\n", + " ran_par.append(paragraph)\n", + " ran_lab.append(LABEL)\n", + "\n", + "\n", + "combined = list(zip(ran_ques, ran_par, ran_lab))\n", + "random.shuffle(combined)\n", + "sampled = random.sample(combined, 20)\n", + "ran_ques, ran_par, ran_lab = zip(*sampled)\n", + "\n", + "sampled_df = pd.DataFrame({\"question\": ran_ques, \"paragraph\": ran_par, \"label\": ran_lab})\n", + "\n", + "# Append the sampled DataFrame to new_df\n", + "new_df = new_df.append(sampled_df, ignore_index=True)\n", + "\n", + "# Display new_df\n", + "print(new_df)" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# shuffling the data\n", + "shuffled_df = new_df.sample(frac=1, random_state=42).reset_index(drop=True)" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "shuffled_df.to_csv(\"data/train_data.csv\", index=False)" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + } + ], + "metadata": { + "anaconda-cloud": {}, + "kernelspec": { + "display_name": "Python 3", + "language": "python", + "name": "python3" + }, + "language_info": { + "codemirror_mode": { + "name": "ipython", + "version": 3 + }, + "file_extension": ".py", + "mimetype": "text/x-python", + "name": "python", + "nbconvert_exporter": "python", + "pygments_lexer": "ipython3", + "version": "3.6.1" + } + }, + "nbformat": 4, + "nbformat_minor": 4 +} diff --git a/src/relevance_detector/make_training_data_from_curator.py b/src/relevance_detector/make_training_data_from_curator.py new file mode 100644 index 0000000..9dba223 --- /dev/null +++ b/src/relevance_detector/make_training_data_from_curator.py @@ -0,0 +1,71 @@ +import os + +import pandas as pd + + +def make_training_data(curator_data_path: str, kpi_mapping_path: str) -> None: + """ + Generate training data based on curator data and KPI mapping. + + Args: + curator_data_path (str): Path to the curator data CSV file. + kpi_mapping_path (str): Path to the KPI mapping CSV file. + + Returns: + None + """ + data = pd.read_csv(curator_data_path) + + kpi_mapping_df = pd.read_csv(kpi_mapping_path) + kpi_mapping_df = kpi_mapping_df.iloc[:, :5] + + kpi_dict = {} + for _, row in kpi_mapping_df.iterrows(): + kpi_id = row["kpi_id"] + if isinstance(kpi_id, float) and kpi_id.is_integer(): + kpi_id = int(kpi_id) + kpi_dict[kpi_id] = { + "question": row["question"], + "sectors": row["sectors"], + "add_year": row["add_year"], + "kpi_category": row["kpi_category"], + } + + # Initialize lists to store data for new DataFrame + question_list = [] + paragraph_list = [] + label_list = [] + + for i in range(data.shape[0]): + paragraph = data["context"][i] + kpi_id = data["kpi_id"][i] + + label = data["label"][i] + question = kpi_dict[kpi_id]["question"] + + # Append values to lists + question_list.append(question) + paragraph_list.append(paragraph) + label_list.append(label) + + # Create new DataFrame + train_data = pd.DataFrame( + { + "question": question_list, + "paragraph": paragraph_list, + "label": label_list, + } + ) + + # Define the directory path + directory = r"src\relevance_detector\data" + if not os.path.exists(directory): + os.makedirs(directory) + file_name = "train_data.csv" + save_dir = os.path.join(directory, file_name) + train_data.to_csv(save_dir) + + print(f"Data saved at {save_dir}") + + +# make_training_data(r"src\relevance_detector\OSC\output_curator.csv", r"src\relevance_detector\OSC\kpi_mapping.csv") diff --git a/src/relevance_detector/train_sentence_transformer.ipynb b/src/relevance_detector/train_sentence_transformer.ipynb new file mode 100644 index 0000000..285be4d --- /dev/null +++ b/src/relevance_detector/train_sentence_transformer.ipynb @@ -0,0 +1,331 @@ +{ + "cells": [ + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "\"\"\"\n", + "Author: tanishq-ids\n", + "\n", + "This module loads a pre-trained Hugging Face model, creates a custom\n", + " dataset class, fine-tunes the model on the custom dataset,\n", + " and saves the fine-tuned model and tokenizer. It also includes code\n", + " to load the saved model locally.\n", + " \n", + "\"\"\"" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "import pandas as pd\n", + "import torch\n", + "from transformers import TrainingArguments, Trainer\n", + "from transformers import AutoModelForSequenceClassification, AutoTokenizer\n", + "from sklearn.model_selection import train_test_split\n", + "from sklearn.metrics import accuracy_score\n", + "from torch.utils.data import Dataset" + ] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### Load Dataset" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# Load your dataset into a pandas DataFrame\n", + "df = pd.read_csv(\"data/train_data.csv\")" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "class CustomDataset(Dataset):\n", + " \"\"\"\n", + " Custom dataset class for handling question-answer pairs.\n", + "\n", + " Args:\n", + " tokenizer (transformers.PreTrainedTokenizer): tokenizing input text.\n", + " questions (list): List of questions.\n", + " paragraphs (list): List of corresponding paragraphs.\n", + " labels (list): List of labels.\n", + " max_length (int): Maximum length of input sequences.\n", + "\n", + " Methods:\n", + " __len__: Returns the length of the dataset.\n", + " __getitem__: Returns an item from the dataset by index.\n", + "\n", + " Example:\n", + " dataset = CustomDataset(tokenizer, questions,\n", + " paragraphs, labels, max_length)\n", + " \"\"\"\n", + "\n", + " def __init__(self, tokenizer, questions, paragraphs, labels, max_length):\n", + " self.tokenizer = tokenizer\n", + " self.questions = questions\n", + " self.paragraphs = paragraphs\n", + " self.labels = labels\n", + " self.max_length = max_length\n", + "\n", + " def __len__(self):\n", + " return len(self.questions)\n", + "\n", + " def __getitem__(self, idx):\n", + " question = str(self.questions[idx])\n", + " paragraph = str(self.paragraphs[idx])\n", + " label = self.labels[idx]\n", + "\n", + " inputs = self.tokenizer(\n", + " question, paragraph, truncation=True, padding=\"max_length\", max_length=self.max_length, return_tensors=\"pt\"\n", + " )\n", + "\n", + " input_ids = inputs[\"input_ids\"].squeeze()\n", + " attention_mask = inputs[\"attention_mask\"].squeeze()\n", + "\n", + " return {\n", + " \"input_ids\": input_ids,\n", + " \"attention_mask\": attention_mask,\n", + " \"labels\": torch.tensor(label, dtype=torch.long),\n", + " }" + ] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### Load Model" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "MODEL_NAME = \"sentence-transformers/all-MiniLM-L6-v2\"\n", + "NUM_LABELS = 2\n", + "model = AutoModelForSequenceClassification.from_pretrained(MODEL_NAME, num_labels=NUM_LABELS)\n", + "\n", + "tokenizer = AutoTokenizer.from_pretrained(MODEL_NAME)" + ] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### Generate Train & Eval dataset" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "train_df, eval_df = train_test_split(df, test_size=0.2, random_state=42)\n", + "train_df = train_df.reset_index(drop=True)\n", + "eval_df = eval_df.reset_index(drop=True)\n", + "MAX_LENGTH = 512\n", + "\n", + "# Create training dataset\n", + "train_dataset = CustomDataset(tokenizer, train_df[\"question\"], train_df[\"paragraph\"], train_df[\"label\"], MAX_LENGTH)\n", + "\n", + "# Create evaluation dataset\n", + "eval_dataset = CustomDataset(tokenizer, eval_df[\"question\"], eval_df[\"paragraph\"], eval_df[\"label\"], MAX_LENGTH)" + ] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### Training" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "EPOCHS = 2\n", + "training_args = TrainingArguments(\n", + " output_dir=\"./saved_models_during_training\",\n", + " overwrite_output_dir=True,\n", + " num_train_epochs=EPOCHS,\n", + " per_device_train_batch_size=4,\n", + " save_steps=500,\n", + " # save_total_limit=2,\n", + " logging_dir=\"./logs\",\n", + ")" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "trainer = Trainer(\n", + " model=model,\n", + " args=training_args,\n", + " train_dataset=train_dataset,\n", + " eval_dataset=eval_dataset,\n", + ")\n", + "\n", + "# Start training\n", + "trainer.train()" + ] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### Evaluate" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# Evaluate the model on the evaluation dataset\n", + "eval_result = trainer.evaluate(eval_dataset)\n", + "\n", + "# Print evaluation results\n", + "print(\"Evaluation results:\")\n", + "for key, value in eval_result.items():\n", + " print(f\"{key}: {value}\")" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# Predict labels for the evaluation dataset\n", + "predictions = trainer.predict(eval_dataset)\n", + "\n", + "# Get predicted labels and logits\n", + "predicted_labels = predictions.predictions.argmax(axis=1)\n", + "predicted_logits = predictions.predictions\n", + "\n", + "# Get true labels from the evaluation dataset\n", + "true_labels = eval_dataset[:][\"labels\"]\n", + "\n", + "# Optionally, calculate metrics such as accuracy\n", + "\n", + "accuracy = accuracy_score(true_labels, predicted_labels)\n", + "print(\"Accuracy:\", accuracy)" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# Print inputs along with predicted labels\n", + "for i, eva_data in enumerate(eval_dataset):\n", + " input_ids = eva_data[\"input_ids\"]\n", + " attention_mask = eva_data[\"attention_mask\"]\n", + " true_label = true_labels[i]\n", + " predicted_label = predicted_labels[i]\n", + " print(f\"Input: {tokenizer.decode(input_ids, skip_special_tokens=True)}\")\n", + " print(f\"True Label: {true_label}, Predicted Label: {predicted_label}\")\n", + " print()" + ] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### Saving the model locally" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# from transformers import AutoModelForSequenceClassification, AutoTokenizer\n", + "# Assuming \"saved_model\" is the directory to save your model & tokenizer\n", + "model.save_pretrained(\"saved_model\")\n", + "tokenizer.save_pretrained(\"saved_model\")" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + }, + { + "cell_type": "markdown", + "metadata": {}, + "source": [ + "### Loading the Model" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [ + "# from transformers import AutoModelForSequenceClassification, AutoTokenizer\n", + "# Load the model and tokenizer from the \"saved_model\" directory\n", + "\n", + "model = AutoModelForSequenceClassification.from_pretrained(\"saved_model\")\n", + "tokenizer = AutoTokenizer.from_pretrained(\"saved_model\")" + ] + }, + { + "cell_type": "code", + "execution_count": null, + "metadata": {}, + "outputs": [], + "source": [] + } + ], + "metadata": { + "anaconda-cloud": {}, + "kernelspec": { + "display_name": "Python 3", + "language": "python", + "name": "python3" + }, + "language_info": { + "codemirror_mode": { + "name": "ipython", + "version": 3 + }, + "file_extension": ".py", + "mimetype": "text/x-python", + "name": "python", + "nbconvert_exporter": "python", + "pygments_lexer": "ipython3", + "version": "3.6.1" + } + }, + "nbformat": 4, + "nbformat_minor": 4 +}