You can be a part of the future of energy. At Shell, you power your progress as we tackle the energy challenge together.
\r\n\r\n\r\n", "links": [{"name": "Technology to tackle the energy challenge", "value": "/about-us/careers/about-careers-at-shell/projects-and-technology.html"}], "image": {"src": "https://www.shell.in/about-us/careers/about-careers-at-shell/projects-and-technology/_jcr_content/root/metadata.shellimg.jpeg/1736940409934/girl-looking-at-a-device.jpeg", "alt": "Girl looking at a device", "width": 8243, "height": 4640}}, "id": "/content/shell/countries/india/en_in/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/metadata"}, {"organism": "ContentOwner", "model": {}, "id": "/content/shell/countries/india/en_in/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/contentowner"}, {"organism": "Container.Header", "children": [{"organism": "Container.Raw", "ref": "/about-us/jcr_content/root/header/inherited.model.json", "id": "/content/shell/countries/india/en_in/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/header/inherited", "model": {}}, {"organism": "Breadcrumb", "model": {"links": [{"name": "Home", "value": "/index.html"}, {"name": "About us", "value": "/about-us.html"}, {"name": "Careers at Shell", "value": "/about-us/careers.html"}, {"name": "About Working at Shell", "value": "/about-us/careers/about-careers-at-shell.html"}, {"name": "Technology to tackle the energy challenge", "value": "/about-us/careers/about-careers-at-shell/projects-and-technology.html"}]}, "id": "/content/shell/countries/india/en_in/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/header/breadcrumb"}], "id": "/content/shell/countries/india/en_in/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/header", "model": {}}, {"organism": "Container.Main", "children": [{"organism": "Container.Section", "children": [{"organism": "PageHeader", "color": "inherited", "model": {"title": "Technology to tackle the energy challenge", "text": "You can be a part of the future of energy. At Shell, you power your progress as we tackle the energy challenge together.
\r\n", "image": {"src": "/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/main/section/page_header.shellimg.jpeg/1736940603246/girl-looking-at-a-device__q-8e7f63ab.jpeg", "alt": "Girl looking at a device", "width": 8276, "height": 2067}}, "id": "/content/shell/countries/india/en_in/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/main/section/page_header"}, {"organism": "PromoSimple.Text", "color": "inherited", "id": "/content/shell/countries/india/en_in/about-us/careers/about-careers-at-shell/projects-and-technology/jcr_content/root/main/section/text", "model": {"text": "We recognise the important role that technology plays in our Powering Progress strategy, delivering the energy needed for today whilst focusing on a carbon neutral future. Built on more than 125 years of technological innovation, our company\u2019s future performance depends on the successful development and deployment of new technologies and new products.
\r\nWith over 3.300 highly-skilled people in our Shell Technology community, we invest over $1bln yearly in Research & Development (R&D) for evolving new solutions that support energy activities, both in digital and physical technologies \u2013 or a combination of both \u2013 and in a variety of scientific fields such as chemistry, physics, engineering, electronics, and computational sciences. Through this organisation, we\u2019re able to leverage human ingenuity not only to unlock more, cleaner energy on an ongoing basis, but also to deliver more value through enhanced processes that strengthens our performance in already operating assets.
\r\nOur technologies are crucial to achieving our target to become a net-zero emissions energy business by 2050, and to grow a competitive Renewables and Energy Solutions portfolio. Therefore, we research and develop disruptors that can radically unleash new business opportunities in the future. In 2022, our R&D expenditure on projects that contributed to decarbonisation was around 41% of our total spend.
\r\nBut we also work on technology improvements that keep our products, services, and business operations competitive in the short and in the mid-terms. Together with the relevant lines of businesses, we work to determine the content, scope, and budget of these developments, ensuring a constant alignment of our technology portfolio with Shell\u2019s strategic ambitions and project\u2019s funnel to deliver the energy challenge of today, whilst preparing for a future carbon neutral energy system.
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\r\nFind out more about working at Shell
\r\nCautionary Note
\r\nThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this content \u201cShell\u201d, \u201cShell Group\u201d and \u201cGroup\u201d are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. \u2018\u2018Subsidiaries\u2019\u2019, \u201cShell subsidiaries\u201d and \u201cShell companies\u201d as used in this content refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as \u201cjoint ventures\u201d and \u201cjoint operations\u201d, respectively. \u201cJoint ventures\u201d and \u201cjoint operations\u201d are collectively referred to as \u201cjoint arrangements\u201d. Entities over which Shell has significant influence but neither control nor joint control are referred to as \u201cassociates\u201d. The term \u201cShell interest\u201d is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
\r\nForward-Looking Statements
\r\nThis content contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management\u2019s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management\u2019s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as \u201caim\u201d, \u201cambition\u201d, \u2018\u2018anticipate\u2019\u2019, \u2018\u2018believe\u2019\u2019, \u2018\u2018could\u2019\u2019, \u2018\u2018estimate\u2019\u2019, \u2018\u2018expect\u2019\u2019, \u2018\u2018goals\u2019\u2019, \u2018\u2018intend\u2019\u2019, \u2018\u2018may\u2019\u2019, \u201cmilestones\u201d, \u2018\u2018objectives\u2019\u2019, \u2018\u2018outlook\u2019\u2019, \u2018\u2018plan\u2019\u2019, \u2018\u2018probably\u2019\u2019, \u2018\u2018project\u2019\u2019, \u2018\u2018risks\u2019\u2019, \u201cschedule\u201d, \u2018\u2018seek\u2019\u2019, \u2018\u2018should\u2019\u2019, \u2018\u2018target\u2019\u2019, \u2018\u2018will\u2019\u2019 and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this content, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell\u2019s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this content are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc\u2019s Form 20-F for the year ended December 31, 2022 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this content and should be considered by the reader. Each forward-looking statement speaks only as of the date of publication mentioned on this website. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this content.
\r\nShell\u2019s net carbon footprint
\r\nAlso, in this content we may refer to Shell\u2019s \u201cNet Carbon Intensity\u201d, which includes Shell\u2019s carbon emissions from the production of our energy products, our suppliers\u2019 carbon emissions in supplying energy for that production and our customers\u2019 carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell\u2019s \u201cNet Carbon Intensity\u201d is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.
\r\nShell\u2019s net-Zero Emissions Target
\r\nShell\u2019s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Intensity (NCI) targets over the next ten years. However, Shell\u2019s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell\u2019s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.
\r\nForward Looking Non-GAAP measures
\r\nThis content may contain certain forward-looking non-GAAP measures such as cash capital expenditure and divestments. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc\u2019s consolidated financial statements.
\r\nThe contents of websites referred to in this content do not form part of this content.
\r\nWe may have used certain terms, such as resources, in this content that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
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