Royal Dutch Shell Plc (Exact Name of Registrant As Specified in Its Charter)

Total Page:16

File Type:pdf, Size:1020Kb

Royal Dutch Shell Plc (Exact Name of Registrant As Specified in Its Charter) United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2005 Commission file number 1-32575 Royal Dutch Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organisation) Carel van Bylandtlaan 30, 2596 HR, The Hague, The Netherlands tel. no: (011 31 70) 377 9111 (Address of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act Title of Each Class Name of Each Exchange on Which Registered American Depositary Receipts representing Class A ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value €0.07 each American Depositary Receipts representing Class B ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value of €0.07 each Securities Registered Pursuant to Section 12(g) of the Act None Securities For Which There is a Reporting Obligation Pursuant to Section 15(d) of the Act None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. Outstanding as of December 31, 2005: 3,817,240,213 Class A ordinary shares of the nominal value of €0.07 each. 2,707,858,347 Class B ordinary shares of the nominal value of €0.07 each. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. ✓ Yes No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes✓ No Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ✓ Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer ✓ Accelerated filer Non-accelerated filer Indicate by check mark which financial statement item the registrant has elected to follow. Item 17 Item 18 ✓ If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes✓ No Copies of notices and communications from the Securities and Exchange Commission should be sent to: Royal Dutch Shell plc Carel van Bylandtlaan 30 2596 HR, The Hague, The Netherlands Attn: Mr. M. Brandjes Cross Reference to Form 20-F Part I Pages Item 1. Identity of Directors, Senior Management and Advisers N/A Item 2. Offer Statistics and Expected Timetable N/A Item 3. Key Information A. Selected financial data 7-9, 212 B. Capitalisation and indebtedness N/A C. Reasons for the offer and use of proceeds N/A D. Risk factors 15–17 Item 4. Information on the Company A. History and development of the company 6, 12, 17, 21, 23-24, 27, 33-42, 44-47, 55-58, 60-63, 181 B. Business overview 12-18, 20-42, 44-58, 60-63, 66-70, 157-163 C. Organisational structure 6, 199-200 D. Property, plants and equipment 12-14, 17, 20-42, 44-58, 60-63, 65-70 Item 4A. Unresolved Staff Comments N/A Item 5. Operating and Financial Review and Prospects A. Operating results 7-9, 12-18, 20-42, 44-58, 60-74, 157-177 B. Liquidity and capital resources 62-65 C. Research and development, patents and licences, etc. 21, 36-37, 42, 47, 58, 61, 75 D. Trend information 12-18, 20-42, 44-47, 54-58, 60-70 E. Off-balance sheet arrangements 63 F. Tabular disclosure of contractual obligations 65 G. Safe harbour N/A Item 6. Directors, Senior Management and Employees A. Directors and senior management 4–5 B. Compensation 84-101 C. Board practices 5, 79-85 D. Employees 71-72 E. Share ownership 73-74, 178 Item 7. Major Shareholders and Related Party Transactions A. Major shareholders 78, 178, 183 B. Related party transactions 186, 197, 208 C. Interests of experts and counsel N/A Item 8. Financial Information A. Consolidated Statements and Other Financial Information 50-51, 75, 102-155, 187-208, 210-211 B. Significant Changes 75, 198 Item 9. The Offer and Listing A. Offer and listing details 178-179, 209 B. Plan of distribution N/A C. Markets 178 D. Selling shareholders N/A E. Dilution N/A F. Expenses of the issue N/A Item 10. Additional Information A. Share capital N/A B. Memorandum and articles of association 180-184 C. Material contracts 76, 94-95 D. Exchange controls 184 E. Taxation 184-185 F. Dividends and paying agents N/A G. Statement by experts N/A H. Documents on display iii I. Subsidiary Information N/A Item 11. Quantitative and Qualitative Disclosures About Market Risk 17, 164-177 Item 12. Description of Securities Other than Equity Securities N/A Part II Pages Item 13. Defaults, Dividend Arrearages and Delinquencies N/A Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds N/A Item 15. Controls and Procedures 18, 82-83 Item 16. [Reserved] Item 16A. Audit committee financial expert 80 Item 16B. Code of Ethics 79 Item 16C. Principal Accountant Fees and Services 73, 81 Item 16D. Exemptions from the Listing Standards for Audit Committees 79 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 64 Part III Pages Item 17. Financial Statements N/A Item 18. Financial Statements 102-155, 187-208 Item 19. Exhibits 213 ii About this Report This Report combines the Annual Report and Accounts and the Annual Report on Form 20-F (“Report”) for the year ended December 31, 2005, for Royal Dutch Shell plc (“Royal Dutch Shell”) and its subsidiaries. It presents the Consolidated Financial Statements of Royal Dutch Shell (pages 102–155) and the parent company-only Financial Statements of Royal Dutch Shell (pages 187–200). This Report complies with all applicable UK regulations. The official English language version of this Report prevails for statutory purposes. The Dutch language version of the Report is a convenience translation only. This Report also includes the disclosure included in the Annual Report on Form 20-F for the year ended December 31, 2005 as filed with the U.S. Securities and Exchange Commission (“SEC”). Cross references to Form 20-F are set out on the previous page of this Report. In this Report “Group” is defined as Royal Dutch Shell together with all of its consolidated subsidiaries. The expressions “Shell”, “Group”, “Shell Group” and “Royal Dutch Shell” are sometimes used for convenience where references are made to the Group or Group companies in general. Likewise, the words “we”, “us” and “our” are also used to refer to Group companies in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. The expression “Group companies” as used in this Report refers to companies in which Royal Dutch Shell either directly or indirectly has control, by having either a majority of the voting rights or the right to exercise a controlling influence. The companies in which the Group has significant influence but not control are referred to as “associated companies” or “associates” and companies in which the Group has joint control are referred to as “jointly controlled entities”. In this Report, associates and jointly controlled entities are also referred to as “equity accounted investments”. The expression “operating companies” as used in the Report refers to those Group and equity accounted investments that are engaged in the exploration for and extraction of oil and natural gas and delivery of these hydrocarbons to market, the marketing and trading of natural gas and electricity, the conversion of natural gas to liquids and the refining of crude oil into products including fuels, lubricants, petrochemicals, and other industry segments such as Hydrogen and Renewables. The term “Group interest” is used for convenience to indicate the direct and/or indirect equity interest held by the Group in a venture, partnership or company (i.e., after exclusion of all third-party interests). Except as otherwise specified, the figures shown in the tables in this Report represent those in respect of Group companies only, without deduction of minority interests. However, where figures are given specifically for oil production (net of royalties in kind), natural gas production available for sale, and both the refinery processing intake and total oil product sales volumes, the term “Group share” is used for convenience to indicate not only the volumes to which Group companies are entitled (without deduction in respect of minority interests in Group companies) but also the portion of the volumes of associated companies and jointly controlled entities to which Group companies are entitled or which is proportionate to the Group interest in those companies.
Recommended publications
  • SUSTAINABILITY REPORT ROYAL DUTCH SHELL PLC SUSTAINABILITY REPORT 2011 I Shell Sustainability Report 2011 Introduction
    SUSTAINABILITY REPORT ROYAL DUTCH SHELL PLC SUSTAINABILITY REPORT 2011 i Shell Sustainability Report 2011 Introduction CONTENTS ABOUT SHELL INTRODUCTION Shell is a global group of energy and petrochemical companies employing 90,000 people in more than 80 i ABOUT SHELL countries. Our aim is to help meet the energy needs of 1 INTRODUCTION FROM THE CEO society in ways that are economically, environmentally and socially responsible. OUR APPROACH Upstream 2 BUILDING A SUSTAINABLE ENERGY FUTURE Upstream consists of two organisations, Upstream International and Upstream Americas. Upstream searches for and recovers oil 3 SD AND OUR BUSINESS STRATEGY and natural gas, extracts heavy oil from oil sands for conversion 4 SAFETY into synthetic crudes, liqueƂ es natural gas and produces synthetic oil products using gas-to-liquids technology. It often works in joint 5 COMMUNITIES ventures, including those with national oil companies. Upstream 6 CLIMATE CHANGE markets and trades natural gas and electricity in support of its business. Our wind power activities are part of Upstream. Upstream 8 ENVIRONMENT International co-ordinates sustainable development policies and 9 LIVING BY OUR PRINCIPLES social performance across Shell. Downstream OUR ACTIVITIES Downstream manufactures, supplies and markets oil products and 10 SUSTAINABLE DEVELOPMENT IN ACTION chemicals worldwide. Our Manufacturing and Supply businesses include reƂ neries, chemical plants and the supply and distribution 11 KEY PROJECTS of feedstocks and products. Marketing sells a range of products 12 DELIVERING ENERGY RESPONSIBLY including fuels, lubricants, bitumen and liqueƂ ed petroleum 12 Natural gas gas for home, transport and industrial use. Chemicals markets 15 The Arctic petrochemicals for industrial customers.
    [Show full text]
  • Negativliste. Fossil Energi
    Bilag 6. Negativliste. Fossil energi Maj 2017 Læsevejledning til negativlisten: Moderselskab / øverste ejer vises med fed skrift til venstre. Med almindelig tekst, indrykket, er de underliggende selskaber, der udsteder aktier og erhvervsobligationer. Det er de underliggende, udstedende selskaber, der er omfattet af negativlisten. Rækkeetiketter Acergy SA SUBSEA 7 Inc Subsea 7 SA Adani Enterprises Ltd Adani Enterprises Ltd Adani Power Ltd Adani Power Ltd Adaro Energy Tbk PT Adaro Energy Tbk PT Adaro Indonesia PT Alam Tri Abadi PT Advantage Oil & Gas Ltd Advantage Oil & Gas Ltd Africa Oil Corp Africa Oil Corp Alpha Natural Resources Inc Alex Energy Inc Alliance Coal Corp Alpha Appalachia Holdings Inc Alpha Appalachia Services Inc Alpha Natural Resource Inc/Old Alpha Natural Resources Inc Alpha Natural Resources LLC Alpha Natural Resources LLC / Alpha Natural Resources Capital Corp Alpha NR Holding Inc Aracoma Coal Co Inc AT Massey Coal Co Inc Bandmill Coal Corp Bandytown Coal Co Belfry Coal Corp Belle Coal Co Inc Ben Creek Coal Co Big Bear Mining Co Big Laurel Mining Corp Black King Mine Development Co Black Mountain Resources LLC Bluff Spur Coal Corp Boone Energy Co Bull Mountain Mining Corp Central Penn Energy Co Inc Central West Virginia Energy Co Clear Fork Coal Co CoalSolv LLC Cobra Natural Resources LLC Crystal Fuels Co Cumberland Resources Corp Dehue Coal Co Delbarton Mining Co Douglas Pocahontas Coal Corp Duchess Coal Co Duncan Fork Coal Co Eagle Energy Inc/US Elk Run Coal Co Inc Exeter Coal Corp Foglesong Energy Co Foundation Coal
    [Show full text]
  • Royal Dutch Shell and Its Sustainability Troubles
    Royal Dutch Shell and its sustainability troubles Background report to the Erratum of Shell's Annual Report 2010 Albert ten Kate May 2011 1 Colophon Title: Royal Dutch Shell and its sustainability troubles Background report to the Erratum of Shell's Annual Report 2010 May 2011. This report is made on behalf of Milieudefensie (Friends of the Earth Netherlands) Author: Albert ten Kate, free-lance researcher corporate social responsibility Pesthuislaan 61 1054 RH Amsterdam phone: (+31)(0)20 489 29 88 mobile: (+31)(0)6 185 68 354 e-mail: [email protected] 2 Contents Introduction 4 Methodology 5 Cases: 1. Muddling through in Nigeria 6 1a) oil spills 1b) primitive gas flaring 1c) conflict and corruption 2. Denial of Brazilian pesticide diseases 14 3. Mining the Canadian tar sands 17 4. The bitter taste of Brazil's sugarcane 20 4a) sourcing sugarcane from occupiers of indigenous land 4b) bad labour conditions sugarcane harvesters 4c) massive monoculture land use 5. Fracking unconventional gas 29 6. Climate change, a business case? 35 7. Interfering with politics 38 8. Drilling plans Alaska’s Arctic Ocean 42 9. Sakhalin: the last 130 Western Gray Whales 45 10. The risky Kashagan oil field 47 11. A toxic legacy in Curaçao 49 12. Philippines: an oil depot amidst a crowd of people 52 3 Introduction Measured in revenue, Royal Dutch Shell is one of the biggest companies in the world. According to its annual report of 2010, its revenue amounted to USD 368 billion in 2010. Shell produces oil and gas in 30 countries, spread over the world.
    [Show full text]
  • 2005 Annual Report on Form 20-F
    United States Securities and Exchange Commission Washington, D.C. 20549 FORM 20-F Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2005 Commission file number 1-32575 Royal Dutch Shell plc (Exact name of registrant as specified in its charter) England and Wales (Jurisdiction of incorporation or organisation) Carel van Bylandtlaan 30, 2596 HR, The Hague, The Netherlands tel. no: (011 31 70) 377 9111 (Address of principal executive offices) Securities Registered Pursuant to Section 12(b) of the Act Title of Each Class Name of Each Exchange on Which Registered American Depositary Receipts representing Class A ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value €0.07 each American Depositary Receipts representing Class B ordinary shares of the New York Stock Exchange issuer of an aggregate nominal value of €0.07 each Securities Registered Pursuant to Section 12(g) of the Act None Securities For Which There is a Reporting Obligation Pursuant to Section 15(d) of the Act None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. Outstanding as of December 31, 2005: 3,817,240,213 Class A ordinary shares of the nominal value of €0.07 each. 2,707,858,347 Class B ordinary shares of the nominal value of €0.07 each. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Board of Investments F/C Report
    Legislative Audit Division State of Montana Report to the Legislature December 2004 Financial-Compliance Audit For the Two Fiscal Years Ended June 30, 2004 Board of Investments Department of Commerce We performed a financial-compliance audit of the Board of Investments for the two fiscal years ended June 30, 2004. This report contains the audited financial statements and accompanying notes for the two fiscal years 2003-04 and 2002-03. We issued unqualified opinions on the financial statements of the Board of Investments’ Retirement Funds Bond Pool, Trust Funds Bond Pool, Short Term Investment Pool, Montana Domestic Equity Pool, Montana International Equity Pool, Montana Private Equity Pool, All Other Funds, and Enterprise Fund. This report contains two recommendations relating to: Timely Financial Reporting Required Rural and Special Improvement District Bond Report This report also contains a disclosure issue discussing concerns that certain recent INTERCAP loans to state agencies may constitute state debt. Direct comments/inquiries to: Legislative Audit Division Room 160, State Capitol PO Box 201705 04-03 Helena MT 59620-1705 Help eliminate fraud, waste, and abuse in state government. Call the Fraud Hotline at 1-800-222-4446 statewide or 444-4446 in Helena. FINANCIAL-COMPLIANCE AUDITS Financial-compliance audits are conducted by the Legislative Audit Division to determine if an agency’s financial operations are properly conducted, the financial reports are presented fairly, and the agency has complied with applicable laws and regulations. In performing the audit work, the audit staff uses standards set forth by the American Institute of Certified Public Accountants and the United States Government Accountability Office.
    [Show full text]
  • WHO's WHO Shell Brian Foley, Contracts Manager, Corrib Project
    OSSL SHELL CORRIB SAGA - WHO'S WHO Shell Brian Foley, Contracts Manager, Corrib Project: [email protected] Julia Busby, Head of Shell Legal: [email protected] Frances van Dam, from Shell's business integrity department: [email protected] Charles Hornsby, Ethics and Compliance Officer at Shell Downstream [email protected] Bridgit Lowe, head of Shell Legal, Ireland [email protected] John Gallagher: [email protected] (Exec VP Shell Global Upstream) Alan Mee: Assistance Mayo Manager: [email protected] Ann Hamilton, Shell Corrib Financial Director: [email protected] Wim-Peter Vanbel, [email protected] (regional head Business Integrity Dept Europe & Russia Christy Loftus, Shell Ireland Communications: Christy Loftus [email protected] Michiel Brandjes, Company Sec. & General Counsel: [email protected] Agnes Mclaverty, Permits and Consents Manager for Shell E&P Ireland Limited: [email protected] Mary Barrett, Emergency Response Co-Ordinator Shell [email protected] Peter Voser, RDS PIc CEO: [email protected] Conner Byrne, Shell EP Ireland" (said to have demanded that invoices be falsified and diverted to Roadbridge to avoid any direct connection with Shell - also said to have threatened that OSSL would never work again in oil and gas industry if it revealed any of the activity) Terry Nolan, former CEO, Shell E&P Ireland Michael Crothers, CEO Shell E&P Ireland: [email protected] (said to have "personally felt some moral obligation ..." ) Roadbridge (Main Contractor on Corrib Project?) OSSL people Desmond Kane: [email protected] Amanda Kane Neil Rooney: [email protected] OSSL Supporter/agent/employee? - GEORGE HAMILTON George Hamilton: georgehamiltoneollve.ie Sent email in support of OSSL to Shell to Sea, also made several postings on our "Shell Blog", all supportive of OSSL.
    [Show full text]
  • Notice of Meeting 2013 | Reports.Shell.Com
    SEE INSIDE FOR NEWS OF RETAIL SHAREHOLDERS PRESENTATION IN LONDON NOTICE OF ANNUAL GENERAL MEETING ROYAL DUTCH SHELL PLC CIRCUSTHEATER, CIRCUSSTRAAT 4, THE HAGUE, THE NETHERLANDS TUESDAY MAY 21, 2013 AT 10:00 (DUTCH TIME) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt about what action to take, you should seek your own personal advice immediately from a financialadvisor authorised under the Financial Services and Markets Act 2000 if you are in the UK or, if you are not, from another appropriately authorised financialadvisor . If you have sold or transferred all your shares in Royal Dutch Shell plc (the “Company”), please give this letter and the accompanying documents to the stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser. 2449_SHE_Notice_of_Meeting_ENG_20.indd 1 27-03-13 10:43 2 Notice of Meeting 2013 | reports.shell.com 3 8 15 CHAIRMAN’S LETTER BIOGRAPHIES RETAIL SHAREHOLDERS PRESENTATION, LONDON 4 10 NOTICE OF ANNUAL SHAREHOLDER NOTES GENERAL MEETING 14 6 ATTENDANCE EXPLANATORY NOTES ARRANGEMENTS ON RESOLUTIONS AVAILABILITY OF DOCUMENTS E-COMMUNICATION The Company’s Annual Report and Form 20-F for the year If you are a registered shareholder and hold your shares ended December 31, 2012 and the Annual Review and in your own name, or you hold your shares in the Royal Summary Financial Statements 2012 can be found at Dutch Shell Corporate Nominee, you can choose to view www.shell.com/annualreport shareholder communications (for example, the Company’s and the 2013 Notice of Meeting can be found at Annual Report and Annual Review and Summary Financial www.shell.com/agm Statements) by means of our website instead of receiving paper communications.
    [Show full text]
  • ANNUAL REPORT 2016 Year Ended March 31, 2016 Topics in Fiscal Year 2015
    IDEMITSU KOSAN CO.,LTD. ANNUAL REPORT 2016 Year Ended March 31, 2016 Topics in Fiscal Year 2015 2015 Jun. • Successful appraisal well in the Norwegian Barents Sea Aug. • Completion of Boggabri Coal Mine Expansion Project Oct. • Short-term flow test of exploratory wells for geothermal energy development in Amemasudake area, Hokkaido, Japan • Production capacity increase at the lubricants plant in China Nov. • Idemitsu and Doosan agree to form cooperative partnership in OLED material business • Entered into Memorandum of Understanding with Showa Shell Sekiyu K.K. for the Business Integration 2016 Jan. • Increasing the production capacity for SPS resin XAREC® Feb. • Establishment of Himeji Natural Gas Power Generation Co., Ltd. with Osaka Gas., Ltd. • Opening of first commercial hydrogen station Mar. • Construction begins on one of Japan’s largest geothermal binary power plants • Reached an agreement on financing by subordinated loans Contents 02 Financial Highlights 23 Material Agreements, etc. 04 To Our Stakeholders 24 Corporate Governance 17 Management Philosophy 34 Directors, Audit & Supervisory Board Members and Executive Officers 18 At a Glance 35 Financial Section 20 Research & Development 92 Investor Information Contribute to society with harmony between the economy and the environment by effectively securing and using energy and by developing functional materials. Idemitsu Kosan Co.,Ltd. was founded in Moji, Kita-Kyushu in 1911 under the name Idemitsu Shokai to engage in oil distribution. Since its foundation, Idemitsu has worked hard under the fundamental principle of social contribution through business, always maintaining respect for human beings in carrying out business operations. During its 105-year history, the Company has utilized its expertise globally in a wide range of strategic businesses, such as petroleum products, petrochemical products, oil exploration and production, coal, and other businesses.
    [Show full text]
  • 2015 Shell Annual Report and Form 20-F
    ANNUAL REPORT Royal Dutch Shell plc Annual Report and Form 20-F for the year ended December 31, 2015 01 106 CONTENTS INTRODUCTION FINANCIAL STATEMENTS 01 Form 20-F AND SUPPLEMENTS 02 Cross reference to Form 20-F 106 Consolidated Financial Statements 04 Terms and abbreviations 153 Supplementary information – oil and 05 About this Report gas (unaudited) 173 Parent Company Financial Statements 06 185 Royal Dutch Shell Dividend Access Trust STRATEGIC REPORT Financial Statements 06 Chairman’s message 07 Chief Executive Officer’s review 190 08 Risk factors ADDITIONAL 13 Business overview INFORMATION 15 Strategy and outlook 190 Shareholder information 16 Market overview 197 Section 13(r) of the US Securities 18 Summary of results Exchange Act of 1934 disclosure 20 Performance indicators 198 Non-GAAP measures reconciliations 22 Selected financial data and other definitions 23 Upstream 200 Exhibits 41 Downstream 48 Corporate 49 Liquidity and capital resources Cover images 53 Environment and society 60 Our people The cover shows some of the ways that Shell helps to meet the world’s diverse energy needs – from supplying gas for cooking, heating, 62 and generating electricity for GOVERNANCE homes and businesses, to liquefied natural gas (LNG) to fuel trucks 62 The Board of Royal Dutch Shell plc and ships. Pearl, the world’s largest 65 Senior Management gas-to-liquids (GTL) plant, makes 66 Directors’ Report lubricants, fuels and products for 69 Corporate governance plastics. Prelude, the world’s largest floating LNG facility, will produce 83 Audit Committee Report LNG off the coast of Australia. 86 Directors’ Remuneration Report Designed by Conran Design Group carbon neutral natureOffice.com | NL-215-168617 Typeset by RR Donnelley print production Printed by Tuijtel under ISO 14001 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
    [Show full text]
  • Energy to the World: the Story of Saudi Aramco Volume 2
    ENERGY TO THE WORLD: TO ENERGY ENERGY TO THE WORLD: THE STORY OF SAUDI ARAMCO OF SAUDI THE STORY THE STORY OF SAUDI ARAMCO VOLUME 2 VOLUME 2 VOLUME www.saudiaramco.com J ENERGY TO THE WORLD : VOLUME ONE TITLE K VOLUME TWO Energy to the World The Story of Saudi Aramco II ENERGY TO THE WORLD : VOLUME ONE VOLUME TWO Energy to the World The Story of Saudi Aramco Supertankers load crude oil at Ras Tanura Sea Island Terminal in 2003. Contents Copyright First Edition Volume One Volume Two © 2011 by Aramco Services Company Printed in 2011 Preface xi Illustration: Saudi Arabia viii ISBN All rights reserved. No part of this book Illustration: Saudi Arabia xiv 1 National Resources 1 978-1-882771-23-0 may be reproduced, stored in a retrieval system or transmitted in any form or 1 Prospects 1 2 Boom Time 27 Library of Congress by any means, electronic, mechanical, 2 Negotiations 33 3 Transformation 67 Control Number photocopying, recording or otherwise, 200922694 without the written permission of 3 Reading the Rocks 59 4 Rising to the Challenge 99 Aramco Services Company, except by 4 The War Years 93 5 Achieving the Vision 131 Written by a reviewer, who may quote a brief Scott McMurray passage for review. 5 Expansion 123 Appendix 168 6 Growing Pains 153 A. Upstream 170 Produced by The History Factory 7 Balancing Act 189 B. Downstream 184 Chantilly, Virginia, USA List of Abbreviations 215 C. Operations Data 194 Project Coordinators Notes on Sources 216 Company Leadership 204 Theodore J. Brockish, Kyle L.
    [Show full text]
  • 2008 Annual Report and Form 20-F for the Year Ended December 31, 2008 Contact Information
    ROYAL DUTCH SHELL PLC ANNUAL REPORT AND FORM 20-F FOR THE YEAR ENDED DECEMBER 31, 2008 DELIVERY & GROWTH REPORT ANNUAL REPORT AND FORM 20-F FOR THE YEAR ENDED DECEMBER 31, 2008 OUR BUSINESS With around 102,000 employees in more than 100 countries and DOWNSTREAM territories, Shell helps to meet the world’s growing demand for Our Oil Sands business, the Athabasca Oil Sands Project, extracts energy in economically, environmentally and socially bitumen – an especially thick, heavy oil – from oil sands in responsible ways. Alberta, western Canada, and converts it to synthetic crude oils that can be turned into a range of products. UPSTREAM Our Exploration & Production business searches for and recovers Our Oil Products business makes, moves and sells a range of oil and natural gas around the world. Many of these activities petroleum-based products around the world for domestic, are carried out as joint venture partnerships, often with national industrial and transport use. Its Future Fuels and CO2 business oil companies. unit develops biofuels and hydrogen and markets the synthetic fuel and products made from the GTL process. It also leads Our Gas & Power business liquefies natural gas and transports company-wide activities in CO2 management. With around it to customers across the world. Its gas to liquids (GTL) process 45,000 service stations, ours is the world’s largest single-branded turns natural gas into cleaner-burning synthetic fuel and other fuel retail network. products. It develops wind power to generate electricity and is involved in solar power technology. It also licenses our coal Our Chemicals business produces petrochemicals for industrial gasification technology, enabling coal to be used as a chemical customers.
    [Show full text]
  • ROYAL DUTCH SHELL Plc 2012 INVESTOR FACT SHEET ROYAL DUTCH SHELL Plc
    ROYAL DUTCH SHELL plc 2012 INVESTOR FACT SHEET ROYAL DUTCH SHELL plc CUSTOMER & PROFitaBILITY & SustaiNABILITY & VALUE ADDED partNER FOCUS PERFORMANCE GROWTH TECHNOLOGY Shell is one of the world’s largest independent oil and gas upstream resources and to new downstream markets. companies in terms of market capitalisation, operating cash But we believe our technology, project-delivery capability flow and oil and gas production. We aim to sustain our and operational excellence will remain key differentiators for strong operational performance and continue our our businesses. We expect around 80% of our capital investments primarily in countries that have the necessary investment in 2012 to be in our Upstream businesses. infrastructure, expertise and remaining growth potential. Such countries include Australia, Brazil, Brunei, Canada, ‘Goal Zero’ on safety Denmark, Germany, Malaysia, the Netherlands, Nigeria, Norway, Oman, Qatar, Russia, the UK, the USA and, in the Million working hours coming years, China. Our Strategy Our strategy seeks to reinforce our position as a leader in the oil and gas industry in order to provide a competitive shareholder return, while helping to meet global energy Injuries – recordable cases per million working hours demand in a responsible way. Safety and corporate environmental and social responsibility are at the heart of Total recordable case frequency (left hand scale) our activities. Intense competition exists for access to Working hours (right hand scale) Producing oil and gas Extracting bitumen Exploring
    [Show full text]