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ENERGY & UTILITIES | Oil & Gas Production & Exploration
shell.com

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Investments

40

Portfolio Exits

21

Partners & Customers

10

About Shell

Shell is a global group of energy and petrochemical companies. Shell engages in the exploration and production of oil and natural gas, the refining and marketing of transportation fuels and other oil products, the production of chemicals, and the development of renewable energy projects.

Shell Headquarter Location

Carel van Bylandtlaan 30

The Hague, 596 HR,

Netherlands

0800 731 8888

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Find Shell in 1 Expert Collection, including Synthetic Biology.

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Synthetic Biology

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Shell Web Traffic

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Latest Shell News

Study: Oil majors' global decarbonisation scenarios are incompatible with Paris Agreement goals

Aug 16, 2022

Share Credit: iStock Climate Analytics study warns global decarbonisation pathways published by BP, Royal Dutch Shell and Equinor are not in line with Paris Agreement Global decarbonisation pathways produced by oil giants BP, Royal Dutch Shell and Equinor to aid their future strategies are incompatible with the Paris Agreement, and would likely "bust" any chances of limiting average warming to 1.5C, fresh research unveiled today by Climate Analytics warns. In the peer-reviewed paper, published in the journal Nature Communications, the research organisation analysed six institutional future scenarios setting out published between 2020 and mid-2021, with four from the oil majors themselves - including with two from BP - and two developed by the International Energy Agency (IEA). But researchers found that most of the scenarios they evaluated would be classified as "lower 2°C pathways" - decarbonisation trajectories that offer only a 66 per cent or more chance of limiting global warming below 2°C. The Paris Agreement, brokered in 2015, sets out an overarching target - signed by almost 200 countries and regions worldwide - to limit global average temperature rise to 1.5C above pre-industrial levels, or 'well below' 2C, by 2100. But Dr Robert Brecha, co-lead author of the study, said the findings unleashed today showed that the oil and gas majors were not using assessments of their future decarbonisation trajectories that are aligned with the Paris Agreement. "Most of the scenarios we evaluated would be classified as inconsistent with the Paris Agreement as they fail to limit warming to ‘well below 2°C', let alone 1.5°C, and would exceed the 1.5°C warming limit by a significant margin," he said. "Energy system transformation is critical to reaching the Paris Agreement warming limit, and decision makers need sound and transparent scientific assessments. This paper adds to that transparency." Researchers found that Equinor's 'Rebalance' scenario peaks at a median warming of 1.73°C above pre-industrial levels in 2060, while BP's ‘Rapid' pathway arrives at 1.73°C in 2058, and Shell's ‘Sky' trajectory results in a median temperature of 1.81°C in 2069. The IEA's sustainable development scenario (SDS), meanwhile, would deliver 1.78°C of warming in 2056. Even BP's Net Zero scenario results in a median peak warming of 1.65°C, which according to the researchers is too high to be consistent with the Paris Agreement criteria. Of all those assessed, only the IEA's Net Zero 2050 scenario was found to be compatible with the criteria for consistency with the Paris Agreement's goals, the study found. Bill Hare, CEO and senior scientist at Climate Analytics, said the findings showed that fossil fuel majors were using their own scenarios to justify continued extraction and burning of oil and gas, but that these pathway could not be relied upon to deliver a 1.5C or 'well below' 2C world by the end of the century. "Fossil fuel companies claim that we can continue to burn oil and gas while keeping to the 1.5°C warming limit, and they cite their own scenarios as justification," he said. "But our research shows that their pathways would bust the Paris Agreement. Even temporarily exceeding the 1.5°C warming would lead to catastrophic impacts and severely weaken our ability to adapt to climate change." In order to arrive at their conclusions, the researchers compared the pathways of the oil giants and IEA to the Integrated Assessment Model scenarios for 1.5C assessed by the UN's Intergovernmental Panel on Climate Change, and then evaluated peak and end-of-century temperatures. In addition to implied temperatures, the authors assessed underlying energy system features that drive emissions pathways and lead to a given scenario, demonstrating whether or not they satisfy the Paris Agreement. Researchers said they had made the assessment tools for their study available for policymakers in order to help them assess on an equal footing the Paris Agreement claims made for scenarios published by a number of public, commercial and academic institutions. "Institutional assessments have historically been opaque on climate outcomes," said another of the study co-author's said Dr Matthew Gidden. "Our study provides a direct line of sight from pathways to temperature. Governments should use these tools to carry out a robust assessment of the energy-system transformation to meet the Paris Agreement goals. "  Representatives from BP, Royal Dutch Shell and Equinor were contacted for comment but had not responded by the time of going to press. Share

Shell Investments

40 Investments

Shell has made 40 investments. Their latest investment was in Carbonext as part of their Corporate Minority on July 7, 2022.

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Shell Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/11/2022

Corporate Minority

Carbonext

$40M

Yes

2

6/3/2022

Corporate Minority

ParkEasy

Yes

2

3/29/2022

Unattributed

H2 MOBILITY

$122.24M

Yes

3

3/3/2022

Private Equity

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10

2/28/2022

Corporate Minority

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10

Date

7/11/2022

6/3/2022

3/29/2022

3/3/2022

2/28/2022

Round

Corporate Minority

Corporate Minority

Unattributed

Private Equity

Corporate Minority

Company

Carbonext

ParkEasy

H2 MOBILITY

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Amount

$40M

$122.24M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

3

10

10

Shell Portfolio Exits

21 Portfolio Exits

Shell has 21 portfolio exits. Their latest portfolio exit was Shell - Russian Retail on May 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/12/2022

Divestiture

Shell - Russian Retail

$99M

4

12/13/2021

Corporate Majority

$99M

5

9/22/2021

Divestiture

Royal Dutch Shell - Permian Business

$99M

2

6/7/2021

Divestiture

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$99M

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10

5/6/2021

Acquired - III

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$99M

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10

Date

5/12/2022

12/13/2021

9/22/2021

6/7/2021

5/6/2021

Exit

Divestiture

Corporate Majority

Divestiture

Divestiture

Acquired - III

Companies

Shell - Russian Retail
Royal Dutch Shell - Permian Business

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

5

2

10

10

Shell Acquisitions

21 Acquisitions

Shell acquired 21 companies. Their latest acquisition was Savion on December 14, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/14/2021

$99M

Acquired

14

12/13/2021

$99M

Acquired

1

11/22/2021

$99M

Acquired

1

11/21/2021

Subscribe to see more

$99M

Subscribe to see more

10

7/27/2021

Debt

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$99M

$99M

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10

Date

12/14/2021

12/13/2021

11/22/2021

11/21/2021

7/27/2021

Investment Stage

Debt

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

Acquired

Acquired

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Sources

14

1

1

10

10

Shell Partners & Customers

10 Partners and customers

Shell has 10 strategic partners and customers. Shell recently partnered with Nauticus Robotics on August 8, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

8/4/2022

Vendor

United States

Nauticus Robotics Announces Contract with Shell for Autonomous Method of Subsea Operations

Shell plc and Nauticus Robotics , Inc. will collaborate with the industry 's leading inspection tooling service providers , leveraging their expertise and technology to fully integrate into Nauticus Robotics , Inc. ' robotic service solution .

3

8/2/2022

Vendor

Norway

Aker Solutions Gets North Sea Gas Platform Deal From Shell - MarketWatch

Aker Solutions ASA said Tuesday it has been awarded a contract worth between 2 billion and 3 billion Norwegian kroner from Shell for the delivery of a not permanently attended installation , or NPAI , for the Jackdaw gas field .

3

8/1/2022

Vendor

United States

Bilfinger Wins Maintenance Deal for Shell‘s Gulf of Mexico Facilities

`` With this major contract from our long-standing customer , Bilfinger Inc. expands its global relationship with Shell as well as its growth course in the North American offshore maintenance business , '' said Duncan Hall , Group COO of Bilfinger Inc. .

1

8/1/2022

Client

Germany

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10

7/29/2022

Vendor

United Kingdom

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10

Date

8/4/2022

8/2/2022

8/1/2022

8/1/2022

7/29/2022

Type

Vendor

Vendor

Vendor

Client

Vendor

Business Partner

Country

United States

Norway

United States

Germany

United Kingdom

News Snippet

Nauticus Robotics Announces Contract with Shell for Autonomous Method of Subsea Operations

Shell plc and Nauticus Robotics , Inc. will collaborate with the industry 's leading inspection tooling service providers , leveraging their expertise and technology to fully integrate into Nauticus Robotics , Inc. ' robotic service solution .

Aker Solutions Gets North Sea Gas Platform Deal From Shell - MarketWatch

Aker Solutions ASA said Tuesday it has been awarded a contract worth between 2 billion and 3 billion Norwegian kroner from Shell for the delivery of a not permanently attended installation , or NPAI , for the Jackdaw gas field .

Bilfinger Wins Maintenance Deal for Shell‘s Gulf of Mexico Facilities

`` With this major contract from our long-standing customer , Bilfinger Inc. expands its global relationship with Shell as well as its growth course in the North American offshore maintenance business , '' said Duncan Hall , Group COO of Bilfinger Inc. .

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Sources

3

3

1

10

10

Shell Team

47 Team Members

Shell has 47 team members, including current Chief Executive Officer, Ben van Beurden.

Name

Work History

Title

Status

Ben van Beurden

Chief Executive Officer

Current

Bruce Culpepper

President

Current

Jan van Bunnik

Chief Financial Officer

Current

Tom Melbye Eide

Executive Vice President

Current

Bernard Bos

Senior Vice President

Current

Name

Ben van Beurden

Bruce Culpepper

Jan van Bunnik

Tom Melbye Eide

Bernard Bos

Work History

Title

Chief Executive Officer

President

Chief Financial Officer

Executive Vice President

Senior Vice President

Status

Current

Current

Current

Current

Current

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