ESG Dialogue
CAPITAL EXPENDITURE
INVESTING IN NET ZERO
~33%
of total cash capital expenditure in
2022 invested in low-carbon energy
and non-energy products
Non-energy
products [A]
$3.9 billion
LNG, gas and power
marketing and trading [C]
$4.2 billion
Oil, oil Products
and other [D]
$12.5 billion
Shell plc | March 22, 2023
LNG
$25bn
Total cash capital expenditure in 2022
Low-carbon energy
solutions [B]
$4.3 billion
H₂
[A] Products for which usage does not cause Scope 3, Category 11 emissions: Lubricants, Chemicals, Convenience Retailing, Agriculture & Forestry, Construction & Road.
[B] E-Mobility and Electric Vehicle Charging Services, Low-Carbon Fuels, Renewable Power Generation, Environmental Solutions, Hydrogen, CCUS. We define low-carbon energy
products as those that have an average carbon intensity that is lower than conventional hydrocarbon products, assessed on a lifecycle basis.
[C] LNG Production & Trading, Gas & Power Trading, and Energy Marketing.
[D] Upstream segment, GTL, Refining & Trading, Marketing fuel and hydrocarbon sales, Shell Ventures, Corporate segment.
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