Shell In Singapore
Shell has been in Singapore since 1891. The company has more than 3,100 employees and is one of Singapore’s largest foreign investors.
For 125 years, Shell has contributed to Singapore’s social and economic growth, and helped to build its talent and intellectual capital. One of the reasons for Shell’s success in Singapore is its good working relationships and long-term partnerships with staff, the union, customers, community and the government.
Today, with a New Energies business focused on solar, wind, hydrogen and biofuels, Shell is also actively investing in partners that are providing cleaner energy solutions to Singapore and the world. We have just invested in a Singapore partner Sunseap Group and later this year we will roll out an initiative to support the growth of Singaporean energy start-ups (stay tuned).
Royal Dutch Shell was formed in 1907, although our history can be traced back to the first half of the 19th century.
Our headquarters are in The Hague, the Netherlands, and our Chief Executive Officer is Ben van Beurden. The parent company of the Shell group is Royal Dutch Shell plc, which is incorporated in England and Wales.
Our strategy is to strengthen our position as a leading energy company by providing oil and gas and low-carbon energy as the world’s energy system changes. Safety and social responsibility are fundamental to our business approach.
Shell's purpose is to power progress together with more and cleaner energy solutions. We believe that rising standards of living for a growing global population are likely to continue to drive demand for energy, including oil and gas for years to come. At the same time, technology changes and the need to tackle climate change means there is a transition underway to a lower-carbon, multisource energy system.
Against this backdrop, we have the following strategic ambitions:
- to provide a world-class investment case. This involves growing free cash flow and increasing shareholder returns, all built upon a strong financial framework and resilient portfolio;
- to thrive in the energy transition by responding to society’s desire for more and cleaner, convenient and competitive energy; and
- to sustain a strong societal licence to operate and contribute to society through a shared value approach to our activities.
Our ability to achieve our strategic ambitions depends on how we respond to competitive forces. We continuously assess the external environment – the markets as well as the underlying economic, political, social and environmental drivers that shape them – to evaluate changes in competitive forces and business models.
We continuously seek to improve our operating performance, with an emphasis on health, safety, security, environment and asset performance.
Our people are essential to the successful delivery of the Shell strategy and to sustaining business performance over the long term. Performing competitively in the evolving energy landscape requires competent and empowered people working safely together.
A diverse workforce and an inclusive work environment are vital to our success, leading to greater innovation and better energy solutions. We believe that diverse teams led by inclusive leaders deliver better safety and business performance.
Shell at a glance in 2018
70+ countries we operate in
82,000 employees on average
71 million tonnes of LNG sold during the year
21 refineries we have interests in
3.7 million barrels of oil equivalent we produce per day
Financial performance in 2018
Revenue: $388.4 billion
Income: $23.9 billion
Capital investment: $24.8 billion
Investment in research and development: $986 million
Fast facts for sustainable development in 2018
$113 million was spent on voluntary social investment worldwide. Of this:
- $47 million was spent on local programmes for community development, disaster relief, education, road safety, health and biodiversity.
- $66 million was in line with our global themes – access to energy, community skills, enterprise development and science, technology, engineering and maths (STEM) education.
We estimate that around $102 million of our total social investment spend in 2017 was in countries that are part of the United Nations Development Programme’s Human Development Index 2016. These countries have a gross domestic product of less than $15,000 a year per person. Significant support is also provided in the form of voluntary work by Shell employees and donations of equipment.