Slide 1: Strong results in volatile times
London, May 5, 2022 Shell plc Chief Executive Officer, Ben van Beurden "The war in Ukraine is first and foremost a human tragedy, but it has also caused significant disruption to global energy markets and has shown that secure, reliable and affordable energy simply cannot be taken for granted. The i
Slide 2: Adjusted Earnings by segment and cash conversion
PRESS RELEASE Adjusted Earnings - by segment 0.3 0.3 9.1 1.3 0.6 0.1 6.4 0.1 $ billion g ns 21 2 as I ts m C in 02 uc ea io G N 20 t ke ut od 12 tr ed & l 4 ps ar So Pr te Q Q at M U ra & gr gy po ls te er ica In or En m C & he es C l ab w ne Re Cash conversion Q1 1.4 2.2 3.8 19.0 0.6 14.8 $ billion
Slide 3: Q1 2022 financial performance drivers: Integrated Gas
PRESS RELEASE Q1 2022 FINANCIAL PERFORMANCE DRIVERS INTEGRATED GAS Key data Q4 2021 Q1 2022 Q2 2022 outlook Realised liquids price ($/bbl) 77.20 88.76 — Realised gas price ($/mscf) 9.07 10.31 — Production (kboe/d) 978 896 910 - 960 LNG liquefaction volumes (MT) 7.94 8.00 7.4 - 8.0 LNG sales volumes
Slide 4: Upstream
PRESS RELEASE UPSTREAM Key data Q4 2021 Q1 2022 Q2 2022 outlook Realised liquids price ($/bbl) 73.54 88.63 — Realised gas price ($/mscf) 9.29 8.79 — Liquids production (kboe/d) 1,456 1,403 — Gas production (mscf/d) 3,799 3,606 — Total production (kboe/d) 2,110 2,025 1,750 - 1,950 Adjusted Earnings A
Slide 5: Marketing
PRESS RELEASE MARKETING Key data Q4 2021 Q1 2022 Q2 2022 outlook Marketing sales volumes (kb/d) 2,522 2,372 2,300 - 2,800 Mobility (kb/d) 1,798 1,591 — Lubricants (kb/d) 81 92 — Sectors & Decarbonisation (kb/d) 644 690 — Adjusted Earnings Adjusted EBITDA Q1 0.2 1.3 0.0 0.0 0.7 0.4 0.0 0.1 0.6 0.0 $
Slide 6: Chemicals & Products
PRESS RELEASE CHEMICALS & PRODUCTS Key data Q4 2021 Q1 2022 Q2 2022 outlook Refining & Trading sales volumes (kb/d) 1,929 1,598 — Chemicals sales volumes (kT) 3,475 3,330 3,100 - 3,500 Refinery utilisation (%) 68 71 65 - 73 Chemicals manufacturing plant utilisation (%) 75 78 69 - 77 Global indicativ
Slide 7: Renewables & Energy Solutions
PRESS RELEASE RENEWABLES & ENERGY SOLUTIONS Key data Q4 2021 Q1 2022 Adj. Earnings ($ billion) 0.0 0.3 Adj. EBITDA ($ billion) 0.1 0.5 External power sales (TWh) 59 57 Sales of pipeline gas to end-use customers (TWh) 249 257 Renewable power generation capacity 4.6 4.6 – in operation (GW) 1.2 1.0 – u
Slide 8: Corporate; upcoming investor events and useful links
PRESS RELEASE CORPORATE Key data Q4 2021 Q1 2022 Q2 2022 outlook Adjusted Earnings ($ million) (889) (548) (650) - (550) ▪ The Adjusted Earnings outlook is unchanged with a net expense of $2,200 - 2,600 million for the full year 2022. This excludes the impact of currency exchange rate effects. UPCOM
Slide 9: Alternative performance (non-GAAP) measures; cautionary statement
PRESS RELEASE ALTERNATIVE PERFORMANCE (NON-GAAP) MEASURES This announcement includes certain measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles (GAAP) such as IFRS, including Adjusted Earnings, Adjusted EBIT