Shell PLC

Environmental & Social Information • Apr 5, 2022

BASIS FOR PREPARATION – REPORT ON PAYMENTS TO GOVERNMENTS FOR THE YEAR 2021

This Report provides a consolidated overview of the payments to governments made by Shell plc and its subsidiary undertakings (hereinafter referred to as "Shell") for the year 2021 as required under the UK's Report on Payments to Governments Regulations 2014 (as amended in December 2015). These UK Regulations enact domestic rules in line with Directive 2013/34/EU (the EU Accounting Directive (2013)) and apply to large UK incorporated companies like Shell that are involved in the exploration, prospection, discovery, development and extraction of minerals, oil, natural gas deposits or other materials. This Report is also filed with the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism) intended to satisfy the requirements of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority in the United Kingdom.

This Report is available for download from www.shell.com/payments.

LEGISLATION

This Report is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015.

REPORTING ENTITIES

This Report includes payments to governments made by Shell plc and its subsidiary undertakings (Shell). Payments made by entities where Shell has joint control are excluded from this Report.

ACTIVITIES

Payments made by Shell to governments arising from activities involving the exploration, prospection, discovery, development and extraction of minerals, oil and natural gas deposits or other materials (extractive activities) are disclosed in this Report. It excludes payments related to refining, natural gas liquefaction or gas-to-liquids activities. For a fully integrated project, which does not have an interim contractual cut-off point where a value can be attached or ascribed separately to the extractive activities and to other processing activities, payments to governments will not be artificially split but are disclosed in full.

GOVERNMENT

Government includes any national, regional or local authority of a country, and includes a department, agency or entity that is a subsidiary of a government, including a national oil company.

PROJECT

Payments are reported at project level except that payments that are not attributable to a specific project are reported at entity level. Project is defined as operational activities which are governed by a single contract, licence, lease, concession or similar legal agreement, and form the basis for payment liabilities with a government. If such agreements are substantially interconnected, those agreements are to be treated as a single project.

"Substantially interconnected" means forming a set of operationally and geographically integrated contracts, licences, leases or concessions or related agreements with substantially similar terms that are signed with a government giving rise to payment liabilities. Such agreements can be governed by a single contract, joint venture, production sharing agreement, or other overarching legal agreement. Indicators of integration include, but are not limited to, geographic proximity, the use of shared infrastructure and common operational management.

PAYMENT

The information is reported under the following payment types.

Production entitlements

These are the host government's share of production in the reporting period derived from projects operated by Shell. This includes the government's share as a sovereign entity or through its participation as an equity or interest holder in projects within its sovereign jurisdiction (home country). Production entitlements arising from activities or interests outside of its home country are excluded.

In certain contractual arrangements, typically a production sharing contract, a government through its participation interest may contribute funding of capital and operating expenditure to projects, from which it derives production entitlement to cover such funding (cost recovery). Such cost recovery production entitlement is included.

In situations where a government settles Shell's income tax obligation on behalf of Shell by utilising its share of production entitlements (typically under a tax-paid concession), such amount will be deducted from the reported production entitlement.

Taxes

These are taxes paid by Shell on its income, profits or production (which include resource severance tax, and petroleum resource rent tax), including those settled by a government on behalf of Shell under a tax-paid concession. Payments are reported net of refunds. Consumption taxes, personal income taxes, sales taxes, property and environmental taxes are excluded.

Royalties

These are payments for the rights to extract oil and gas resources, typically at a set percentage of revenue less any deductions that may be taken.

Dividends

These are dividend payments other than dividends paid to a government as an ordinary shareholder of an entity unless paid in lieu of production entitlements or royalties. For the year ended December 31, 2021, there were no reportable dividend payments to a government.

Bonuses

These are payments for bonuses. These are usually paid upon signing an agreement or a contract, or when a commercial discovery is declared, or production has commenced, or production has reached a milestone.

License fees, rental fees, entry fees and other considerations for licenses and/or concessions

These are fees and other sums paid as consideration for acquiring a licence for gaining access to an area where extractive activities are performed. Administrative government fees that are not specifically related to the extractive sector, or to access to extractive resources, are excluded. Also excluded are payments made in return for services provided by a government.

Infrastructure improvements

These are payments which relate to the construction of infrastructure (road, bridge or rail) not substantially dedicated for the use of extractive activities. Payments which are a social investment in nature, for example building of a school or hospital, are excluded.

OTHER

Operatorship

When Shell makes a payment directly to a government arising from a project, regardless of whether Shell is the operator, the full amount paid is disclosed even where Shell as the operator is proportionally reimbursed by its non-operating venture partners through a partner billing process (cash-call).

When a national oil company is the operator of a project to whom Shell makes a reportable payment, which is distinguishable in the cash-call, it is included in this Report.

Cash and in-kind payments

Payments are reported on cash basis. In-kind payments are converted to an equivalent cash value based on the most appropriate and relevant valuation method for each payment, which can be at cost or market value or such value as stated in the contract. In-kind payments are reported in both volumes and the equivalent cash value.

Materiality Level

For each payment type, total payments below £86,000 to a government are excluded from this Report.

Exchange Rate

Payments made in currencies other than US Dollars are translated for this Report based on the foreign exchange rate at the relevant quarterly average rate.

REPORT ON PAYMENTS TO GOVERNMENTS [1]

Countries:	Production Entitlements	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Europe
Albania	–	–	–	–	133,431	–	133,431
Germany	–	-3,924,250	–	–	–	–	-3,924,250
Italy	–	–	54,980,521	–	853,803	–	55,834,324
Norway	3,911,979,758	604,813,452	–	–	1,613,324	–	4,518,406,534
United Kingdom	–	-131,823,180	–	–	10,721,188	–	-121,101,992
Asia
Brunei Darussalam	2,720,144	35,946,621	5,913,357	–	–	–	44,580,122
India	–	-18,657,148	–	–	–	–	-18,657,148
Kazakhstan	–	199,392,083	–	–	–	–	199,392,083
Malaysia	2,329,612,668	246,448,628	527,239,399	87,497,971	15,201,354	–	3,206,000,020
Philippines	466,360,228	66,375,965	–	–	–	–	532,736,193
Middle East
Oman	–	2,221,244,458	–	–	400,000	–	2,221,644,458
Qatar	718,671,699	859,253,322	–	–	–	–	1,577,925,022
Oceania
Australia	–	2,266,913	260,029,483	–	15,364,115	469,427	278,129,938
Africa
Egypt	–	123,998,744	–	33,817,600	–	–	157,816,344
Nigeria	2,885,571,789	511,270,685	573,430,812	–	510,274,274	–	4,480,547,560
Tanzania	–	–	–	–	245,000	–	245,000
Tunisia	–	19,896,788	17,916,368	–	–	–	37,813,156
North America
Canada	–	-1,488,249	404,292	–	4,253,387	–	3,169,430
Mexico	–	–	–	–	38,817,780	–	38,817,780
United States	–	81,632,460	924,665,142	–	34,223,222	–	1,040,520,823
South America
Argentina	–	–	38,025,202	10,005,879	512,120	–	48,543,201
Bolivia	–	–	–	–	1,030,257	–	1,030,257
Brazil	15,168,308	-25,965,592	867,980,060	2,271,314	1,459,384,565	–	2,318,838,655
Colombia	–	–	–	–	421,558	–	421,558
Trinidad and Tobago	207,267,553	1,552,523	2,577,515	15,000,000	10,043,694	–	236,441,285
Total	10,537,352,148	4,792,234,224	3,273,162,150	148,592,765	2,103,493,071	469,427	20,855,303,785

Government Reports (in USD)

[1] This report is not corrected for rounding.

ALBANIA

						Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
DEGA E THESARIT BERAT	–	–	–	–	133,431	–	133,431
Total	–	–	–	–	133,431	–	133,431
							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
ALBANIA EXPLORATION	–	–	–	–	133,431	–	133,431
Total	–	–	–	–	133,431	–	133,431

GERMANY

						Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
TAX AUTHORITIES HAMBURG	–	-3,924,250	–	–	–	–	-3,924,250
Total	–	-3,924,250	–	–	–	–	-3,924,250
							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Entity level payment:
DEUTSCHE SHELL HOLDING GmbH	–	-3,924,250	–	–	–	–	-3,924,250
Total	–	-3,924,250	–	–	–	–	-3,924,250

ITALY

Government Reports (in USD) [1]

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
BASILICATA REGION (VDA)	–	–	31,061,211	–	–	–	31,061,211
CALVELLO MUNICIPALITY	–	–	732,642	–	–	–	732,642
GRUMENTO NOVA MUNICIPALITY	–	–	418,652	–	–	–	418,652
MARSICO NUOVO MUNICIPALITY	–	–	313,989	–	–	–	313,989
VIGGIANO MUNICIPALITY	–	–	2,904,400	–	–	–	2,904,400
TESSORERIA PROVINICIALE DELLO STATO	–	–	16,405,696	–	853,803	–	17,259,499
REGIONE BASILICATA	–	–	2,255,322	–	–	–	2,255,322
COMUNE DI GORGOGLIONE	–	–	118,481	–	–	–	118,481
COMUNE DI CORLETO PERTICARA	–	–	770,127	–	–	–	770,127
Total	–	–	54,980,521	–	853,803	–	55,834,324

Project Reports (in USD)

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
ITALY UPSTREAM ASSET	–	–	54,980,521	–	853,803	–	55,834,324
Total	–	–	54,980,521	–	853,803	–	55,834,324

NORWAY

Government Reports (in USD) [1]

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
OLJEDIREKTORATET	–	–	–	–	1,613,324	–	1,613,324
PETORO AS	2,308,395,921 [A]	–	–	–	–	–	2,308,395,921
SKATTE OG AVGIFTSREGNSKAP	–	602,050,954	–	–	–	–	602,050,954
EQUINOR ASA	1,603,583,837 [B]	–	–	–	–	–	1,603,583,837
SKATTEETATEN SKATTEINNKREVING	–	2,762,498	–	–	–	–	2,762,498
Total	3,911,979,758	604,813,452	–	–	1,613,324	–	4,518,406,534

Project Reports (in USD)

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
GAUPE	–	–	–	–	560,639	–	560,639
NORWAY EXPLORATION PROJECTS	–	–	–	–	1,052,686	–	1,052,686
ORMEN LANGE	3,911,979,758 [C]	–	–	–	–	–	3,911,979,758
Entity level payment:
A/S NORSKE SHELL	–	604,813,452	–	–	–	–	604,813,452
Total	3,911,979,758	604,813,452	–	–	1,613,324	–	4,518,406,534

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

[A] Includes payment in kind of \$2,308,395,921 for 26,114 KBOE valuated at market price.

[B] Includes payment in kind of \$1,603,583,837 for 18,141 KBOE valuated at market price.

[C] Includes payment in kind of \$3,911,979,758 for 44,255 KBOE valuated at market price.

UNITED KINGDOM

Government Reports (in USD) [1]

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
OIL AND GAS AUTHORITY	–	–	–	–	10,597,438	–	10,597,438
HM REVENUE AND CUSTOMS	–	-131,823,180	–	–	–	–	-131,823,180
THE CROWN ESTATE SCOTLAND	–	–	–	–	123,751	–	123,751
Total	–	-131,823,180	–	–	10,721,188	–	-121,101,992

Project Reports (in USD)

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
BRENT AND OTHER NORTHERN
NORTH SEA PROJECTS	–	-57,307,252	–	–	626,282	–	-56,680,971
ONEGAS WEST	–	–	–	–	4,173,564	–	4,173,564
UK EXPLORATIONS PROJECTS	–	–	–	–	796,736	–	796,736
UK OFFSHORE OPERATED	–	–	–	–	1,017,568	–	1,017,568
UK OFFSHORE NON-OPERATED	–	–	–	–	288,812	–	288,812
WEST OF SHETLAND NON-OPERATED	–	–	–	–	335,362	–	335,362
Entity level payment:
SHELL U.K. LIMITED	–	-74,515,928	–	–	3,482,864	–	-71,033,064
Total	–	-131,823,180	–	–	10,721,188	–	-121,101,992

BRUNEI DARUSSALAM

Government Reports (in USD) [1]

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
MINISTRY OF FINANCE AND ECONOMY	–	35,946,621	–	–	–	–	35,946,621
PETROLEUM AUTHORITY OF BRUNEI	2,720,144	–	5,913,357	–	–	–	8,633,501
Total	2,720,144	35,946,621	5,913,357	–	–	–	44,580,122
							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total

Entity level payment:
SHELL DEEPWATER BORNEO LIMITED	–	34,670,066	–	–	–	–	34,670,066
SHELL EXPLORATION AND PRODUCTION BRUNEI BV	2,720,144	1,276,555	5,913,357	–	–	–	9,910,056
Total	2,720,144	35,946,621	5,913,357	–	–	–	44,580,122

INDIA

						Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
INCOME TAX DEPARTMENT	–	-18,657,148	–	–	–	–	-18,657,148
Total	–	-18,657,148	–	–	–	–	-18,657,148
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Project Reports (in USD) Total
Entity level payment:
BG EXPLORATION AND PRODUCTION INDIA LIMITED	–	-18,657,148	–	–	–	–	-18,657,148
Total	–	-18,657,148	–	–	–	–	-18,657,148

KAZAKHSTAN

						Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
WEST KAZAKHSTAN TAX COMMITTEE	–	199,392,083	–	–	–	–	199,392,083
Total	–	199,392,083	–	–	–	–	199,392,083
							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
KARACHAGANAK	–	199,392,083	–	–	–	–	199,392,083
Total	–	199,392,083	–	–	–	–	199,392,083

MALAYSIA

Government Reports (in USD) [1]

Total	2,329,612,668	246,448,628	527,239,399	87,497,971	15,201,354	–	3,206,000,020
PETROLEUM SARAWAK EXPLORATION AND PRODUCTION SDN BHD	67,730,448 [D]	-625,076	–	–	–	–	67,105,373
MALAYSIA FEDERAL AND STATE GOVERNMENT	–	–	518,262,581 [C]	–	–	–	518,262,581
PETRONAS CARIGALI SDN BHD (KL)	1,023,630,616 [B]	–	–	–	–	–	1,023,630,616
PETROLIAM NASIONAL BERHAD	1,238,251,604 [A]	–	8,976,817	87,497,971	15,201,354	–	1,349,927,746
KETUA PENGARAH HASIL DALAM NEGERI	–	247,073,704	–	–	–	–	247,073,704
Governments:
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total

Total	2,329,612,668	246,448,628	527,239,399	87,497,971	15,201,354	–	3,206,000,020
SHELL SABAH SELATAN SDN. BHD.	–	1,990,062	–	–	–	–	1,990,062
SHELL OIL AND GAS (MALAYSIA) LLC	–	483,672	–	–	–	–	483,672
SHELL ENERGY ASIA LIMITED	–	905,709	–	–	–	–	905,709
SARAWAK SHELL BERHAD	–	1,054,223	–	–	–	–	1,054,223
SABAH SHELL PETROLEUM COMPANY LIMITED	–	2,150,247	–	–	–	–	2,150,247
Entity level payment:
SARAWAK OIL AND GAS	958,151,824 [G]	85,411,487	163,240,354 [H]	87,497,971	15,201,354	–	1,309,502,989
SABAH INBOARD AND DEEPWATER OIL	1,371,460,845 [E]	138,894,223	362,751,615 [F]	–	–	–	1,873,106,682
SABAH GAS – NOT OPERATED	–	15,559,005	1,247,431	–	–	–	16,806,436
Projects:
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
							Project Reports (in USD)

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

[A] Includes payment in kind of \$248,828,304 for 18,495 KBOE valuated at fixed price and \$1,018,702,481 for 13,383 KBOE valuated at market price.

[B] Includes payment in kind of \$276,132,437 for 20,727 KBOE valuated at fixed price and \$747,498,179 for 9,941 KBOE valuated at market price.

[C] Includes payment in kind of \$ 98,752,839 for 7,386 KBOE valuated at fixed price and \$ 419,509,742 for 5,598 KBOE valuated at market price.

[D] Includes payment in kind of \$ 53,337,189 for 4,138 KBOE valuated at fixed price and \$ 14,393,260 for 208 KBOE valuated at market price.

[E] Includes payment in kind of \$1,371,460,845 for 17,840 KBOE valuated at market price.

[F] Includes payment in kind of \$357,530,873 for 4,731 KBOE valuated at market price.

[G] Includes payment in kind of \$578,297,929 for 43,360 KBOE valuated at fixed price and \$409,133,076 for 5,691 KBOE valuated at market price.

[H] Includes payment in kind of \$98,752,839 for 7,386 KBOE valuated at fixed price and \$61,978,870 for 867 KBOE valuated at market price.

PHILIPPINES

Government Reports (in USD) [1]

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
BUREAU OF INTERNAL REVENUE	–	66,375,965	–	–	–	–	66,375,965
DEPARTMENT OF ENERGY	402,816,878	–	–	–	–	–	402,816,878
PNOC EXPLORATION CORPORATION	63,543,350	–	–	–	–	–	63,543,350
Total	466,360,228	66,375,965	–	–	–	–	532,736,193
							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
SC 38 MALAMPAYA GAS	466,360,228	66,375,965	–	–	–	–	532,736,193
Total	466,360,228	66,375,965	–	–	–	–	532,736,193

OMAN

				Government Reports (in USD) [1]
	Production	Taxes				Infrastructure Improvements	Total
	Entitlement		Royalties	Bonuses	Fees
Governments:
OMAN – MINISTRY OF FINANCE	–	2,221,244,458	–	–	400,000	–	2,221,644,458
Total	–	2,221,244,458	–	–	400,000	–	2,221,644,458
					Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
BLOCK 6 CONCESSION	–	2,221,244,458	–	–	–	–	2,221,244,458
Entity level payment:
BLOCK 42 CONCESSION	–	–	–	–	150,000	–	150,000
BLOCK 55 CONCESSION	–	–	–	–	250,000	–	250,000
Total	–	2,221,244,458	–	–	400,000	–	2,221,644,458

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

14

QATAR

						Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
QATARENERGY	718,671,699	859,253,322	–	–	–	–	1,577,925,022
Total	718,671,699	859,253,322	–	–	–	–	1,577,925,022
							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
PEARL GTL	718,671,699	859,253,322	–	–	–	–	1,577,925,022
Total	718,671,699	859,253,322	–	–	–	–	1,577,925,022

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

15

AUSTRALIA

Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total Governments: AUSTRALIAN TAXATION OFFICE – 2,266,913 – – – – 2,266,913 BANANA SHIRE COUNCIL – – – – 195,253 – 195,253 DEPARTMENT OF INDUSTRY – – 95,276,954 – – – 95,276,954 DEPARTMENT OF ENVIRONMENT AND SCIENCE – – – – 1,093,965 – 1,093,965 WESTERN DOWNS REGIONAL COUNCIL – – – – 12,206,497 469,427 12,675,925 OFFICE OF STATE REVENUE – – 164,752,529 – – – 164,752,529 DEPARTMENT OF NATURAL RESOURCES AND MINES – – – – 598,378 – 598,378 RESOURCES SAFETY AND HEALTH QUEENSLAND – – – – 1,270,022 – 1,270,022 Total – 2,266,913 260,029,483 – 15,364,115 469,427 278,129,938

			Project Reports (in USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
NORTH WEST SHELF	–	–	95,276,954	–	–	–	95,276,954
QGC PROJECT	–	–	164,752,529	–	15,364,115	469,427	180,586,071
Entity level payment:
SHELL AUSTRALIA PTY LTD	–	2,266,913	–	–	–	–	2,266,913
Total	–		2,266,913 260,029,483	–	15,364,115	469,427	278,129,938

EGYPT

Government Reports (in USD) [1] Production Entitlement Taxes Royalties Bonuses Fees Infrastructure Improvements Total Governments: EGYPTIAN GENERAL PETROLEUM CORPORATION – 123,998,744 – 33,417,600 – – 157,416,344 GANOUB EL WADI PETROLEUM HOLDING – – – 400,000 – – 400,000 Total – 123,998,744 – 33,817,600 – – 157,816,344

Project Reports (in USD)

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
BADR EL-DIN (BED)	–	9,844,153	–	8,858,800	–	–	18,702,953
OBAIYED	–	17,670,519	–	–	–	–	17,670,519
EGYPT OFFSHORE EXPLORATION	–	–	–	400,000	–	–	400,000
NORTH EAST ABU GHARADIG (NEAG)	–	15,798,178	–	–	–	–	15,798,178
Entity level payment:
SHELL EGYPT N.V.	–	185,753	–	15,558,800	–	–	15,744,553
BG EGYPT SA - EGYPT BRANCH	–	–	–	9,000,000	–	–	9,000,000
BG DELTA LIMITED - EGYPT BRANCH	–	80,500,140	–	–	–	–	80,500,140
Total	–	123,998,744	–	33,817,600	–	–	157,816,344

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

17

NIGERIA

Government Reports (in USD) [1]

	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
NIGER DELTA DEVELOPMENT COMMISSION	–	–	–	–	62,020,456	–	62,020,456
NIGERIAN NATIONAL PETROLEUM CORPORATION	2,885,571,789 [A]	–	–	–	–	–	2,885,571,789
DEPARTMENT OF PETROLEUM RESOURCES	–	–	573,430,812 [B]	–	448,253,818	–	1,021,684,630
FEDERAL INLAND REVENUE SERVICE	–	511,270,685 [C]	–	–	–	–	511,270,685
Total	2,885,571,789	511,270,685	573,430,812	–	510,274,274	–	4,480,547,560
							Project Reports (in USD)

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
PSC 1993 (OPL212/OML118, OPL219/OML135)	549,290,250 [D]	196,410,907 [E]	335,173,796 [F]	–	469,512,491	–	1,550,387,444
PSC 1993 (OML133)	–	135,292,234 [G]	–	–	–	–	135,292,234
WEST ASSET	1,249,878,977 [H]	–	–	–	–	–	1,249,878,977
EAST ASSET	1,086,402,562 [I]	–	–	–	–	–	1,086,402,562
Entity level payment:
THE SHELL PETROLEUM DEVELOPMENT COMPANY OF NIGERIA LIMITED	–	179,567,545	238,257 016	–	40,761,782	–	458,586,343
Total	2,885,571,789	511,270,685	573,430,812	–	510,274,274	–	4,480,547,560

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

[A] Includes payment in kind of \$2,608,946,480 for 80,877 KBOE valuated at market price.

[B] Includes payment in kind of \$327,033,609 for 4,612 KBOE valuated at market price.

[C] Includes payment in kind of \$285,304,076 for 4,007 KBOE valuated at market price.

[D] Includes payment in kind of \$272,664,941 for 3,918 KBOE valuated at market price.

[E] Includes payment in kind of \$150,011,842 for 2,099 KBOE valuated at market price.

[F] Includes payment in kind of \$327,033,609 for 4,612 KBOE valuated at market price.

[G] Includes payment in kind of \$135,292,234 for 1,908 KBOE valuated at market price.

[H] Includes payment in kind of \$1,249,878,977 for 17,716 KBOE valuated at market price.

[I] Includes payment in kind of \$1,086,402,562 for 59,244 KBOE valuated at market price.

TANZANIA

						Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
PETROLEUM UPSTREAM REGULATORY AUTHORITY	–	–	–	–	245,000	–	245,000
Total	–	–	–	–	245,000	–	245,000
							Project Reports (in USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
BLOCK 1 AND 4	–	–	–	–	245,000	–	245,000
Total	–	–	–	–	245,000	–	245,000

TUNISIA

Government Reports (in USD) [1]

Total	–	19,896,788	17,916,368	–	–	–	37,813,156
MONSIEUR LE RECEVEUR DES FINANCES DU LAC	–	19,896,788	13,853,560	–	–	–	33,750,348
ENTERPRISE TUNISIENNE D'ACTIVITES PETROLIERES	–	–	4,062,808 [A]	–	–	–	4,062,808
Governments:
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total

Project Reports (in USD)

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
HASDRUBAL CONCESSION	–	14,869,951	5,055,339 [B]	–	–	–	19,925,290
MISKAR CONCESSION	–	5,026,837	12,861,029 [C]	–	–	–	17,887,866
Total	–	19,896,788	17,916,368	–	–	–	37,813,156

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

[A] Includes payment in kind of \$4,062,808 for 71 KBOE valuated at market price.

[B] Includes payment in kind of \$2,497,649 for 45 KBOE valuated at market price.

[C] Includes payment in kind of \$1,565,159 for 25 KBOE valuated at market price.

CANADA

Government Reports (in USD) [1]

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
GOVERNMENT OF ALBERTA	–	–	7,702,041	–	–	–	7,702,041
PROVINCIAL TREASURER OF ALBERTA	–	-378,874	–	–	1,644,550	–	1,265,676
RECEIVER GENERAL FOR CANADA	–	-1,109,375	-19,272,646	–	–	–	-20,382,021
MINISTRY OF EMPLOYMENT AND INVESTMENT	–	–	–	–	745,809	–	745,809
MINISTER OF FINANCE (BC)	–	–	11,974,897	–	644,073	–	12,618,970
ALBERTA ENERGY REGULATOR	–	–	–	–	1,218,955	–	1,218,955
Total	–	-1,488,249	404,292	–	4,253,387	–	3,169,430

	Project Reports (in USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
ATHABASCA OIL SANDS	–	-1,488,249	245,092	–	–	–	-1,243,158
FOOTHILLS	–	–	1,119,973	–	–	–	1,119,973
GREATER DEEP BASIN	–	–	2,796,054	–	1,100,926	–	3,896,980
GROUNDBIRCH	–	–	11,974,897	–	1,389,882	–	13,364,779
INSITU	–	–	3,976,615	–	–	–	3,976,615
SABLE DEEPWATER	–	–	-19,708,339	–	–	–	-19,708,339
Entity level payment:
SHELL CANADA ENERGY	–	–	–	–	1,762,579	–	1,762,579
Total	–	-1,488,249	404,292	–	4,253,387	–	3,169,430

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

21

MEXICO

						Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
FONDO MEXICANO DEL PETROLEO PARA LA ESTABILIZACION Y EL DESARROLLO	–	–	–	–	16,845,514	–	16,845,514
SERVICIO DE ADMINISTRACION	–	–	–	–	21,972,266	–	21,972,266
Total	–	–	–	–	38,817,780	–	38,817,780
							Project Reports (in USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Entity level payment:
SHELL EXPLORACIÓN Y EXTRACCIÓN DE MÉXICO, S.A. DE C.V.	–	–	–	–	38,817,780	–	38,817,780
Total	–	–	–	–	38,817,780	–	38,817,780

UNITED STATES

Government Reports (in USD) [1]

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
United States
INTERNAL REVENUE SERVICE	–	-15,579,894	–	–	–	–	-15,579,894
OFFICE OF NATURAL RESOURCES REVENUE	–	–	791,284,474	–	32,739,574	–	824,024,048
US ENVIRONMENTAL PROTECTION AGENCY	–	–	–	–	304,434	–	304,434
Alaska
DIVISION OF OIL AND GAS	–	–	–	–	243,408	–	243,408
Louisiana
STATE OF LOUISIANA	–	1,567,229	–	–	–	–	1,567,229
Texas
STATE OF TEXAS	–	95,645,125	132,972,282	–	–	–	228,617,407
THE UNIVERSITY OF TEXAS SYSTEM	–	–	–	–	935,806	–	935,806
TEXAS A&M UNIVERSITY SYSTEM	–	–	408,385	–	–	–	408,385
Total	–	81,632,460	924,665,142	–	34,223,222	–	1,040,520,823

							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
ALASKA EXPLORATION	–	–	–	–	243,408	–	243,408
GOM (CENTRAL)	–	–	665,525,020	–	247,680	–	665,772,700
GOM (WEST)	–	–	125,759,454	–	126,720	–	125,886,174
GOM EXPLORATION	–	–	–	–	32,365,174	–	32,365,174
PERMIAN	–	95,645,125	133,380,667	–	1,240,240	–	230,266,032
Entity level payment:
SWEPI LP	–	296,365	–	–	–	–	296,365
SHELL OIL COMPANY	–	-8,358,552	–	–	–	–	-8,358,552
SHELL EXPLORATION AND PRODUCTION
COMPANY	–	1,000,000	–	–	–	–	1,000,000
SHELL PETROLEUM INC.	–	-6,950,478	–	–	–	–	-6,950,478
Total	–	81,632,460	924,665,142	–	34,223,222	–	1,040,520,823

ARGENTINA

Government Reports (in USD) [1]

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
GAS Y PETROLEO DEL NEUQUEN S.A.	–	–	–	–	163,000	–	163,000
PROVINCIA DE SALTA	–	–	2,508,437	–	–	–	2,508,437
PROVINCIA DEL NEUQUEN	–	–	35,516,766	–	349,120	–	35,865,886
YPF SOCIEDAD ANONIMA	–	–	–	10,005,879	–	–	10,005,879
Total	–	–	38,025,202	10,005,879	512,120	–	48,543,201

Project Reports (in USD)

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
ACAMBUCO	–	–	2,508,437	–	–	–	2,508,437
ARGENTINA UNCONVENTIONAL PROJECTS	–	–	35,516,766	–	512,120	–	36,028,886
ARGENTINA DEEPWATER	–	–	–	10,005,879	–	–	10,005,879
Total	–	–	38,025,202	10,005,879	512,120	–	48,543,201

BOLIVIA

						Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
NATIONAL OIL COMPANY OF BOLIVIA	–	–	–	–	1,030,257	–	1,030,257
Total	–	–	–	–	1,030,257	–	1,030,257
							Project Reports (in USD)
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Projects:
HUACARETA	–	–	–	–	1,030,257	–	1,030,257
Total	–	–	–	–	1,030,257	–	1,030,257

BRAZIL

Government Reports (in USD) [1]

	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
MINISTERIO DA FAZENDA	–	–	867,980,060	–	1,459,384,565	–	2,327,364,624
PRÉ-SAL PETRÓLEO SA	15,168,308 [A]	–	–	–	–	–	15,168,308
SECRETARIA DA RECEITA FEDERAL DO BRASIL	–	-25,965,592	–	–	–	–	-25,965,592
AGENCIA NACIONAL DO PETROLEO GAS NATURAL E BIOCOMBUSTIVEIS	–	–	–	2,271,314	–	–	2,271,314
Total	15,168,308		-25,965,592 867,980,060	2,271,314	1,459,384,565	–	2,318,838,655
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Project Reports (in USD) Total
Projects:
BARREIRINHAS	–	–	–	–	764,896	–	764,896
BC-10	–	–	32,919,894	–	763,544	–	33,683,438
BIJUPIRA AND SALEMA	–	–	3,452,184	–	306,008	–	3,758,192
BM-S-9, BM-S-9A, BM-S-11, BM-S-11A AND ENTORNO DE SAPINHOA	–	–	816,618,037	–	1,456,807,397	–	2,273,425,434
LIBRA PSC	15,168,308 [B]	–	14,989,945	–	–	–	30,158,253
Entity level payment:
SHELL BRASIL PETROLEO LTDA	–	-25,965,592	–	2,271,314	742,719	–	-22,951,558

Total 15,168,308 -25,965,592 867,980,060 2,271,314 1,459,384,565 – 2,318,838,655

[1] For the definitions of any terms used in this chart (e.g. activities and payment types), please refer to pages 1-2 of the Report.

[A] Includes payment in kind of \$15,168,308 for 237 KBOE valuated at market price.

[B] Includes payment in kind of \$15,168,308 for 237 KBOE valuated at market price.

COLOMBIA

						Government Reports (in USD) [1]
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Total
Governments:
AGENCIA NACIONAL DE HIDROCARBUROS	–	–	–	–	421,558	–	421,558
Total	–	–	–	–	421,558	–	421,558
	Production Entitlement	Taxes	Royalties	Bonuses	Fees	Infrastructure Improvements	Project Reports (in USD) Total
Entity level payment:
SHELL EP OFFSHORE VENTURES LIMITED – SUCURSAL COLOMBIA	–	–	–	–	421,558	–	421,558
Total	–	–	–	–	421,558	–	421,558

TRINIDAD AND TOBAGO

						Government Reports (in USD) [1]
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Governments:
BOARD OF INLAND REVENUE	–	1,552,523	–	–	–	–	1,552,523
PERMANENT SECRETARY MINISTRY OF ENERGY	207,267,553	–	2,577,515	15,000,000	10,043,694	–	234,888,761
Total	207,267,553	1,552,523	2,577,515	15,000,000	10,043,694	–	236,441,285
							Project Reports (in USD)
	Production					Infrastructure
	Entitlement	Taxes	Royalties	Bonuses	Fees	Improvements	Total
Projects:
BLOCK 5C, 5D AND 6D	–	–	–	–	2,787,232	–	2,787,232
CENTRAL BLOCK	–	1,552,523	2,577,515	–	756,430	–	4,886,468
NORTH COAST MARINE AREA 1 (NCMA1)	74,930,727	–	–	–	1,909,325	–	76,840,053
BLOCK 6B, BLOCK 5A and BLOCK E	122,003,333	–	–	–	1,779,369	–	123,782,702
Entity level payment:
BG INTERNATIONAL LIMITED – TRINIDAD
AND TOBAGO BRANCH	10,333,492	–	–	–	2,811,338	–	13,144,830
SHELL MANATEE LIMITED	–	–	–	15,000,000	–	–	15,000,000
Total	207,267,553	1,552,523	2,577,515	15,000,000	10,043,694	–	236,441,285

CAUTIONARY NOTE

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this Report "Shell", "Shell group" and " Shell plc" are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. "Subsidiaries ", "Shell subsidiaries", and "Shell companies" as used in this Report refer to companies 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 "joint ventures" and "joint operations" respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.