Shell Plc · LSE:SHEL
Shell — Royal Dutch Shell — Shareholder Meeting (May 2010)
18 slides from Shell's shareholder meeting presentation, May 18, 2010
Slide 1: Royal Dutch Shell plc Annual General Meeting
ROYAL DUTCH SHELL PLC ANNUAL GENERAL MEETING THE HAGUE & LONDON MAY 18, 2010 1 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 2: Definitions and Cautionary Note
DEFINITIONS AND CAUTIONARY NOTE Reserves: Our use of the term “reserves” in this presentation means SEC proved oil and gas reserves for all 2009 data, and includes both SEC proved oil and gas reserves and SEC proven mining reserves for 2007 and 2008 data. Resources: Our use of the term “resources” i
Slide 3: Jorma Ollila, Chairman
ROYAL DUTCH SHELL PLC JORMA OLLILA CHAIRMAN 3 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 4: Oil & Refining Outlook
OIL & REFINING OUTLOOK CRUDE OIL SUPPLY Global oil production million boe/d 120 Crude oil to be 80 developed or found Robust oil demand expected for medium Unconventional oil 40 Currently producing NGLs term fields Natural field decline drives sustained 0 1990 2000 2007 2020 2030 industry upstre
Slide 5: Natural Gas Outlook
NATURAL GAS OUTLOOK NATURAL GAS DEMAND GROWTH SHELL GAS CAPABILITIES BCM GALLINA LNG SHIP 3,000 2,500 2,000 1990 2000 2010E SOURCE: IEA NATURAL GAS ADVANTAGE: EXAMPLE CCGT ATTRACTIVE ECONOMICS FOR ELECTRICITY PRODUCERS $/MW hour Abundant global gas resources ~250 years GALLINA LNG SHIP - SINGAPORE
Slide 6: Peter Voser, Chief Executive Officer
ROYAL DUTCH SHELL PLC PETER VOSER CHIEF EXECUTIVE OFFICER 6 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 7: HSSE & Sustainable Development Priority
HSSE & SUSTAINABLE DEVELOPMENT PRIORITY STRENGTHENING DELIVERY & ACCOUNTABILITY EXAMPLE: SAFETY “GOAL ZERO” Injuries - TRCF per million working hours 4 Project 3 profitability 2 1 Environment Technology Safety '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 Employees and contractors per million working
Slide 8: Financial Performance
FINANCIAL PERFORMANCE EARNINGS RETURNS TO SHAREHOLDERS $ Bln $ Bln - Cumulative 35 80 30 25 60 20 15 40 10 5 20 0 -5 0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 UPSTREAM CORPORATE DIVIDENDS SHARE BUY BACKS DOWNSTREAM DIVESTMENTS/OTHER Competitive performance – Profitable growth – Sharper del
Slide 9: Strategy Timeline
STRATEGY TIMELINE MATURING NEXT GENERATION PROJECT OPTIONS NEW WAVE OF PRODUCTION GROWTH PERFORMANCE FOCUS REJUVENATING PORTFOLIO: UPSTREAM & DOWNSTREAM 2004 2008 2012 2015+ 9 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 10: 2009-10 Cost Focus
2009-10 COST FOCUS TOP DOWN REORGANIZATION IMPLEMENTED COST DELIVERY & TARGETS Previous structure……. ……new top level 2009 Achievements structure 1st July 2009 E&P UPSTREAM INTERNATIONAL Transition 2009 programme complete GAS & POWER UPSTREAM AMERICAS 5,000 staff reduction OIL SANDS $2 bill
Slide 11: Start-ups 2009
START-UPS 2009 SAKHALIN II: 1ST LNG DELIVERY FROM RUSSIA 2009 SINGAPORE CHEMICALS: MEG PRODUCTION 2009 BC-10 – BRAZIL: OIL PRODUCTION 2009 11 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 12: Profitable Growth
PROFITABLE GROWTH RESERVES OVERVIEW Billion Boe Years 15.0 15 12.5 10 10.0 5 2005 2006 2007 2008 2009 RESERVES ATTRIBUTABLE TO SHAREHOLDERS RESERVES LIFE (RIGHT HAND SCALE) OIL & GAS PRODUCTION GROWTH Kboe/d 4,000 3,000 2,000 1,000 2009 2010 2012 2014 ENTITLEMENT: OIL & GAS 12 Copyright of Royal Dut
Slide 13: Qatar Project Overview
QATAR PROJECT OVERVIEW PEARL GTL – QATAR: CONSTRUCTION OVERVIEW END 2009 QATARGAS-4 – CONSTRUCTION OVERVIEW COURTESY QATARGAS 13 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 14: Athabasca Oil Sands - Canada
ATHABASCA OIL SANDS - CANADA ATHABASCA OIL SANDS – NEW JACKPINE MINE OVERBURDEN STORAGE TREE PLANTING RESTORED AREA 14 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 15: 2009 Exploration & Appraisal Success
2009 EXPLORATION & APPRAISAL SUCCESS 2009 ACREAGE ACCESS West Canada DISCOVERY APPRAISAL SUCCESS Carnarvon Basin Gulf of Mexico RESOURCE ADDITIONS Bln Boe 2.5 OIL GAS 2 1.5 2009 exploration adds 2.4 Bln Boe 1 5-year exploration average >1.5 Bln Boe/ year 0.5 5 year average finding costs $2-3/boe 0 '
Slide 16: New Growth: Downstream
NEW GROWTH: DOWNSTREAM PORT ARTHUR REFINERY EXPANSION GLOBAL BRAND PREFERENCE % 20 10 0 Shell Competitors (Majors) Q4 2008 Q4 2009 SOURCE: GLOBAL BRAND TRACKER SHELL – COSAN JOINT VENTURE - BRAZIL Ethanol fuel in Shell‟s retail network Automated sugarcane harvesting 16 Copyright of Royal Dutch Shell
Slide 17: Strategy Timeline
STRATEGY TIMELINE MATURING NEXT GENERATION PROJECT OPTIONS NEW WAVE OF PRODUCTION GROWTH PERFORMANCE FOCUS REJUVENATING PORTFOLIO: UPSTREAM & DOWNSTREAM 2004 2008 2012 2015+ 17 Copyright of Royal Dutch Shell plc 18/05/2010
Slide 18: Royal Dutch Shell plc Annual General Meeting
ROYAL DUTCH SHELL PLC ANNUAL GENERAL MEETING THE HAGUE & LONDON MAY 18, 2010 18 Copyright of Royal Dutch Shell plc 18/05/2010