We have been providing technology, investment and skills to meet society’s changing energy needs for a century. Today we are increasing our investment, ploughing most of our profits into finding, producing and refining oil and natural gas. Our investment levels have more than doubled since 2000, to $25 billion in 2006. Advanced techniques are helping us squeeze more oil out of existing reservoirs and making it cost effective to develop difficult or smaller fields. Developing new ultra-deepwater sources and oil sands, and increasing liquefied natural gas (LNG) production are helping diversify supplies of oil and natural gas.

We are developing substitutes for oil in the transport and power generation sectors. Our proprietary Gas to Liquids (GTL) technology turns natural gas into cleaner-burning transport fuels, increasing supply alternatives. Shell Hydrogen operated five demonstration refuelling stations in 2006. Shell Renewables is investing in solar and wind, and we are one of the world’s leading distributors of biofuels.

Managing the impacts from the production and use of fossil fuels remains a top priority. Shell’s advanced, low-sulphur transport fuels are helping reduce local air pollution and improve vehicle fuel efficiency. Our gasification technology is helping reduce emissions from using coal, and our Exploration & Production business is investing to end continuous flaring and reduce greenhouse gas (GHG) emissions from our operations.

Shell Trading has become a leader in carbon trading and we are developing and demonstrating technologies to capture and store CO₂.