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’s future performance depends on the successful development and deployment of new technologies and new products.

With 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 – or a combination of both – and in a variety of scientific fields such as chemistry, physics, engineering, electronics, and computational sciences. Through this organisation, we’re 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.

Our 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.

But 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’s strategic ambitions and project’s funnel to deliver the energy challenge of today, whilst preparing for a future carbon neutral energy system.

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