Who We Are & Our Purpose
We use advanced technologies and take an innovative approach to help build a sustainable energy future. We also invest in power, including from low-carbon sources such as wind and solar; and new fuels for transport, such as advanced biofuels and hydrogen.
Shell’s purpose is to power progress together with more and cleaner energy solutions. We believe that rising standards of living for a growing global population are likely to continue to drive demand for energy, including oil and gas, for years to come. At the same time, the need to tackle climate change means there is a global transition under way to a low-carbon energy system.
Our Strategy
“Powering Progress” sets out our strategy to accelerate the transition of our business to net-zero emissions, in step with society. It is designed to deliver value for our shareholders, for our customers and for wider society. Powering Progress serves four main goals: generating shareholder value, achieving net-zero emissions, powering lives and respecting nature.
All four goals are critical to our future. Together, they integrate sustainability with our business strategy.
We are transforming our company across our three business pillars of Growth, Transition and Upstream. Our Growth pillar includes our service stations, traditional and low-carbon fuels, integrated power, hydrogen, charging for electric vehicles, nature-based solutions, and carbon capture and storage. It focuses on working with our customers to accelerate the transition to net-zero emissions.
Our Transition pillar comprises our Integrated Gas, and our Chemicals and Products businesses, and produces sustainable cash flow. Our Upstream pillar delivers the cash and returns needed to fund our shareholder distributions and the transformation of our company, by providing vital supplies of oil and natural gas.
Powering Progress is underpinned by our core values of honesty, integrity and respect for people, and our focus on safety. These include our commitment to doing business in an ethical and transparent way.
Shell is changing to be more focused, more resilient and more competitive – not just for the energy system of today, but for the energy system of the future.