As part of the annual review of strategy, Shell said it is building over 50 large projects that will underpin new cash flows for decades to come. Upstream, Shell has over 10 billion barrels of oil equivalent (boe) resources under construction. Shell’s industry-leading fuels and lubricants portfolio is being positioned into growth markets. The company is also building significant new petrochemicals facilities, and new refining and downstream gas-to-liquids (GTL) capacity totaling ~300,000 b/d for Shell.

Shell has a substantial set of growth opportunities. It has the largest investment programme in the industry. In a world where there are concerns about energy supply and climate change, Shell is making real progress with positioning the company into new heartlands.