It explores for crude oil and natural gas around the world, both in conventional fields and from sources such as tight rock, shale and coal formations. Through its subsidiaries, the company also performs activities related to chemicals, power generation and renewable resources.
Although dependent on the oil price, Shell’s exposure to falling oil prices has been significantly reduced following major cost optimisations, divesting of non-core assets and the acquisition of the BG Group in early 2016.
Operationally, conventional oil and gas will continue to play a major role for Shell, but its integrated gas segment is where the real growth is to be found with more than fifteen major products.
Further growth in global liquefied natural gas (LNG) demand, particularly in emerging markets presents significant opportunity.