Â鶹´«Ã½

Title: You can be sure of Shell

Duration: 2:19 minutes

Description: Kick-off video for Shell’s Capital Markets Day 2025.

[Background music plays]

Ambient orchestral piece played on strings.

Voiceover

There’s a global company that’s connected energy to people for over a century…

Video footage

The opening scene is a nighttime view of the New York City skyline, with the illuminated Queensboro Bridge in the foreground and towering skyscrapers glowing against the dark sky. The scene shifts to drone footage of a glowing offshore oil rig at dusk, silhouetted against a gradient sky that shifts from warm orange hues to deep blue over the ocean. Next, we see the reflection of a brightly lit Shell gas station sign and text on the glossy, dark surface of a vehicle, creating a distorted but recognizable mirror effect. Time-lapse footage shows a modern office building at dusk and into the night, with a cascade of lights coming on across its multiple floors, showcasing brightly lit interiors through large glass windows, revealing furniture and workspaces. Another time-lapse captures a vibrant, neon-lit street bustling with activity, where a constant flow of pedestrians and vehicles creates a dynamic interplay of light and motion in the night. Next, a low-angle shot shows a brightly illuminated Shell gas station at night, with several fuel pumps and a convenience store visible in the background, framed by a dark surrounding environment. Then a close-up shot captures the illuminated canopy, featuring the iconic Shell logo and red and yellow lighting elements.

Voiceover

Delivering on a lasting promise…

Video footage

Drone footage showcases a vast, brightly lit industrial complex, possibly a refinery or chemical plant, with intricate pipelines, large storage tanks, and towering structures illuminated against the dimming evening sky. More drone footage pans across the Brent Delta offshore oil rig, stationed in the ocean, with a visible helipad marked with an "H" and intricate industrial structures towering above the water. The scene transitions, with a jump cut with pixelated effect, to drone footage of the Whale platform, an offshore oil facility with yellow cylindrical supports, an array of industrial structures, machinery, and cranes, floating serenely in the middle of a calm ocean.

Voiceover

You can be sure of Shell.

Video footage

The scene shifts to drone footage of the Â鶹´«Ã½ FPSO being towed by tugboats across calm waters, with a backdrop of distant coastal terrain and wind turbines.

[Animated sequence]

Over this footage, an animated Pecten emblem appears at frame centre, where a yellow neon line creates a dynamic chasing light effect that traces the Pecten's iconic shell shape, creating a glowing outline. Concentric neon Pecten shapes pulsate outwards, creating a yellow glow across the scene before transitioning out.

Voiceover

Innovation. It’s been in our DNA from day one.

Video footage

In a flicker effect, flipping through several black-and-white images that evoke a sense of nostalgia and historical progression, a series of archival footage is shown, as follows: two vintage company logos side by side, the Royal Dutch Petroleum Company's crowned emblem on the left and the Shell Transport & Trading Co Limited's logo on the right; close-up of a person carefully pressing material against a rotating grinding wheel in a workshop setting; a bustling street scene with pedestrians moving back and forth, with a focus on a distinguished gentleman in a suit and bowler hat walking confidently across the scene; a tall, lattice-framed oil derrick rising into the sky, with its platform faintly visible near the top, evoking an industrial scene from the past.

Voiceover

Through pioneering technology…

Video footage

Continuing the flicker effect, the scene flips through several sepia-toned and faded colour shots that continue to evoke the historical progression of Shell, as follows: side view of a large ship docked at an industrial port, surrounded by factories and warehouses, reflecting a moment from Shell's historical operations; a large offshore oil platform rests on a barge as it is transported through calm waters, framed by lush green landscapes and distant waterways.

Voiceover

We’ve made energizing the world our business.

Video footage

Once again continuing the flicker effect, the scene flips through the following series of archival footage: an old Shell gas station sign, shaped like a yellow seashell with bold red lettering, comes into view momentarily, captured from the perspective of someone driving past it; a street signage sequence starts with the iconic Shell Pecten logo prominently displayed, after which it contracts, revealing a lively animated figure, a small, shell-shaped character with arms and legs, that leaps dynamically to the foreground; close-up of a person reattaching a petrol nozzle to the pump, with the Shell Pecten logo clearly displayed on signage in the background; a close-up of the iconic Shell logo adorning the side of a building, transitioning seamlessly to this same image displayed on a TV screen, followed by a flicker effect through colour and then black-and-white archival footage, as though tracing back to Shell’s origins.

Voiceover

Commissioning the first oil tanker passing through the Suez Canal…

[Text displays]

1892

Video footage

Black-and-white archival footage shows the hull of a ship with Roman numerals marking its side and the year "1892" displayed in bold white text at the bottom left, evoking a moment from maritime history. A wider view then shows the towering ship with anchors hanging from its bow leaving port. A reddish flicker effect overlays the transition to a black-and-white still shot that showcases the large ship, with its multiple masts and intricate rigging, and a lighter-coloured window highlights the ship’s name, Murex, on the side of the vessel.

Voiceover

Fuelling the first-ever transatlantic flight…

[Text displays]

1912

Video footage

The scene transitions, with a flicker effect, to footage of a person pouring oil from a can into the engine of an aircraft, set against the backdrop of early aviation history, with the year "1912" prominently displayed in the lower corner. A reddish flicker effect overlays the transition to a vintage black-and-white photograph showing a Vickers Vimy biplane bomber with the registration "G-EAOU" on its fuselage, parked on a grassy field, with a classic open-top automobile in front of it, driven by a man wearing a hat and suit, the scene taken from the first Transatlantic flight, performed by John Alcock and Arthur Brown.

Voiceover

Delivering the first shipment of liquefied natural gas by sea…

[Text displays]

1964

Video footage

The scene transitions, with a flicker effect, to grainy vintage footage of a large ship sailing across the open ocean under a cloudy sky, leaving a faint wake behind it, this being Shell’s first LNG cargo shipment. As the year "1964" displays in bold white text at the bottom left, the scene shifts to close-up footage of the silhouetted figure of a ship's officer standing in a shaded area overlooking the long deck of the large industrial ship lined with pipes and railings, with the open ocean stretching out in the background. Next, wide-angle footage of the deck of the large ship showcases its industrial piping and metal bollards as a crewman climbs a ladder set against the piping. The scene transitions to another bird’s eye view of the ship sailing in calm waters, where partially visible boats suggest that the vessel is entering port.

Voiceover

And helping to guide the first astronauts to the moon.

[Text displays]

1968

Video footage

The reddish flicker effect overlays the transition to sepia-toned close-up footage of the Apollo 8 launch, taken from various angles, the year "1968" displayed in bold white text at the bottom left. This is followed by historical panning footage of the surface of the moon.

Voiceover

Providing new forms of reliable energy to a growing customer base…

Video footage

The reddish flicker effect again overlays the transition to a wide-angle view of the massive Magdala LNG tanker, its hull a dark expanse, moored alongside an LNG tanker jetty in calm waters, with land visible at the horizon beneath a pale blue sky.

[Text displays]

LNG

[Animated sequence]

Graphical elements animate onscreen, pulling back on a slowly rotating globe, textured to represent land and water, encircled by glowing yellow rings, each containing a simple icon of a tanker and the letters "LNG," suggesting a global network of liquefied natural gas transport. The globe is shown to be illuminated from below on a circular platform, with yellow concentric rings fanning out at its base.

Voiceover

With Pride, Passion and Commitment.

Video footage

A series of footage follows, showcasing Shell employees in various settings, as follows: extreme close-up of a man wearing safety glasses over prescription glasses, smiling into the shot against a blurred interior; close-up of a woman in a red and yellow Shell V-Power uniform speaking to, and smiling up at, a partially visible person on the left wearing high-visibility clothing, with cars and fuel pumps beneath a canopy in the background; low-angle shot of three people, two in Shell’s red coveralls and one in grey with a yellow harness, standing amidst cranes and scaffolding, one of the men in red extending a handshake to the man in grey as the sun rises at the horizon in the background.

Voiceover

And through challenging times, Shell has always been there for its customers…

Video footage

Again, a reddish flicker effect overlays the transition to low-angle footage of dark clouds. Next, an aerial shot shows foamy waves crashing against a towering, rust-streaked support column of an offshore oil platform, and this is followed by a close-up shot of two large pipes, their bases submerged in the frothy, swirling water.

Voiceover

Keeping them moving…

Video footage

The reddish flicker effect again overlays the transition to a wide-angle view of a car pulling into a Shell mobility station, where we see several vehicles parked under the station's canopy. This is followed by a wide-angle side view of a large Shell fuel tanker truck moving along on a snow-covered road, its bright yellow and red logo standing out against the white surroundings as it moves through the wintry landscape.

Voiceover

Keeping them warm…

Video footage

Close-up footage shows a gas burner of a cooker igniting, with its vibrant blue flame flickering steadily against the dark background. This is followed by a close-up shot of a hand adjusting a digital thermostat, with the display screen reading 22.5°C and moving up to 23.5°C, indicating an increase in temperature.

Voiceover

Keeping them bright.

Video footage

Close-up footage shows an incandescent light bulb with its filament at first glowing dimly against a dark environment, then lighting up to its full brilliance, casting a warm, golden glow.

Voiceover

But that’s only part of our story.

Video footage

The shot pulls out, revealing the Earth from space, bathed in the soft glow of sunlight along its curved edge, with shimmering city lights scattered across the night side.

[Background music plays]

Orchestral adaptation of The Sound of Shell plays, building to a crescendo.

Voiceover

Today, we are a world-leading integrated energy company…

Video footage

The reddish flicker effect again overlays the transition to time-lapse footage of several motorways amid cityscapes, the headlamps of the busy night traffic creating streaks of light along the roads. A further panning time-lapse shows a Shell oil platform stationed in the ocean, silhouetted against a golden sunset that reflects warmly on the surrounding water, with another platform faintly visible in the distance. The scene shifts to drone footage of an expansive Shell industrial plant, with sprawling pipelines, storage tanks and various structures, all set near a body of water and surrounded by open green fields. Tracking footage shows a pipeline under construction alongside a dirt road in an industrial area, with smoke stacks and buildings in the distance.

Voiceover

Serving 33 million retail customers…

Video footage

Low-angle footage shows a large fuel tanker truck pulling away from the pumps under the canopy of a gas station, surrounded by other vehicles and fuel pumps. Close-up footage shows a cashier at a Shell forecourt, seen from behind, interacting with a touchscreen point-of-sale system. Another close-up shot shows someone gripping a fuel pump nozzle and removing it from the pump, ready to fill up a vehicle. Close-up profile-view footage shows an employee working attentively at a Shell Café counter with a computer monitor, while another employee is visible in the background alongside food menu boards that display offerings.

Voiceover

Over 1 million businesses in more than 70 countries.

Video footage

Slow-motion footage shows three workers, dressed in orange safety uniforms with Shell logos, wearing yellow helmets and blue ear protection, walking onsite together, lights twinkling against the plant infrastructure in the background. The scene shifts to high-angle footage of a group of workers in blue uniforms and yellow helmets, with some standing and others walking, some with bicycles, at an industrial site featuring portable toilets and machinery in the background, framed by a blurred foreground. Next, we see drone footage of a vast industrial facility as the facility’s lighting is switched on, revealing brightly lit buildings, intricate networks of pipelines and large storage tanks, surrounded by greenery and located near a calm body of water.

Voiceover

We’re constantly evolving and innovating…

Video footage

The reddish flicker effect again overlays the transition to close-up footage of a four-legged robot, equipped with a red body and various sensors, navigating confidently through an industrial scaffold structure at Shell's Pernis site. The scene shifts to close-up footage of a scientist carefully holding a flask filled with bright orange liquid, surrounded by an assortment of colourful beakers on a well-lit workspace, in contrast to the dark background. Next, a high-angle shot shows a person immersed in a virtual reality experience, wearing a VR headset and using controllers in a modern office space, with a Shell logo visible on a white cabinet, and with contemporary furniture, display screens on pedestals and green office plants forming the background.

Voiceover

Delivering on our strategy and commitments, guided by our principles of Performance, Discipline and Simplification…

Video footage and animated sequence

A low-angle view captures the Shell flag gracefully waving alongside the American flag outside the iconic columned façade of the New York Stock Exchange, symbolizing Shell's presence in the global financial hub. A close-up shot shows street signs at right angles to one another on a post for Wall Street and Broad Street, seen against a background of tall buildings, these with an animated overlay of stock market trends displayed on a transparent digital screen with dynamic graphs and data. The scene shifts to a bustling city setting, where a large digital billboard displays the Shell logo above animated share price trends, blending dynamic data visuals with the reflections of real skyscrapers and traffic and street activity in the background. The scene shifts to two people in red protective uniforms and helmets with Shell logos walking together in front of a vast industrial facility with intricate piping and towering structures. Next, low-angle footage shows a worker in an orange safety uniform and yellow helmet turning a large valve, with a colleague partially visible alongside him, amid an industrial setting filled with metal structures and machinery in the background. A series of drone shots show the Vito platform illuminated against the dark ocean backdrop at night, showcasing its cranes, towering structures, and intricate network of equipment. Drone footage shows the Prelude FLNG moving across the open ocean, showcasing its massive red hull and towering platform and structures against a serene maritime backdrop.

Voiceover

Strengthening our portfolio and capabilities to realise our potential…

Video footage

A wide shot shows a busy trading floor featuring multiple computer screens glowing with graphs, charts and trading data, as professionals cross the shot, immersed in the fast-paced environment. The scene shifts to two individuals standing before a large screen displaying data visualizations and metrics, collaborating as they point to different sections of information, including energy usage, revenue and operational statistics. Next, drone footage captures a rural battery storage facility featuring orderly rows of white containers and green buildings, and surrounded by open fields and trees, with a tall high-voltage power transmission tower standing prominently in the foreground.

Voiceover

For our people…

Video footage

Slow-motion tracking footage shows four workers, dressed in red uniforms with Shell and Brazilian flag logos, safety harnesses and yellow helmets, walking together at an industrial site. Next, close-up footage shows a gloved handclasp between two individuals wearing red coveralls, while another individual wearing a Shell-branded red coverall walks away from the shot and we see platform infrastructure in the background.

Voiceover

°ä³Ü²õ³Ù´Ç³¾±ð°ù²õ…

Video footage

Another close-up shot shows a young woman wearing a red and yellow Shell V-Power uniform smilingly interacting with a driver through their car window.

Voiceover

±Ê²¹°ù³Ù²Ô±ð°ù²õ…

Video footage

The scene shifts to a Formula 1 Ferrari with the number 44, a number which Lewis Hamilton will be racing under in 2025, speeding down a race track, approaching and then passing the shot.

Voiceover

And shareholders.

[Text displays]

Distributions
CMD ’21 20 – 30% | CMD ’23 30 – 40% | CMD ’25 40 – 50%

Video footage and animated sequence

A wide-angle shot captures a grand, ornately decorated hall with gold accents and high ceilings, where a large audience sits at tables, attentively watching a presenter at a podium, with three large screens displaying visuals and information related to SHEL and the NYSE. A white line and text animation of shareholder distributions appears over this in lower frame, showing a timeline labelled Distributions, with three segments highlighting 20-30% at CMD ‘21, 30-40% at CMD ‘23 and 40-50% at CMD ’25.

Voiceover

So as the world changes and your needs evolve…

Video footage

The reddish flicker effect again overlays the transition to a brightly lit futuristic corridor, showcasing rows of server racks on both sides, filled with blinking lights and intricate electronic equipment, evoking a high-tech data centre environment. Wide-angle footage shows a crowd gathered to enjoy a concert or light show, with vivid green and blue laser beams cutting through the darkness and illuminating a vibrant stage. Slow-motion footage captures a crowd of individuals walking across a street, emphasizing the graceful movement of legs and varied footwear as they step in unison, creating a dynamic and rhythmic visual.

Voiceover

We’ll deliver more value with less emissions, and keep our promise, just as we have done for over a century.

Video footage

A panning drone captures a sweeping view of the sprawling LNG Canada project, showcasing cooling towers, spherical storage tanks and a maze of pipes and scaffolding, all set against a backdrop of rugged mountains and lush forests. The reddish flicker effect again overlays the transition to panning drone footage of a vast industrial area with warehouses, wind turbines, construction sites and cranes lining a port, set against a backdrop of partly cloudy skies. Low-angle footage shows a person in a light blue shirt plugging a charging cable into an electric vehicle at a Shell Recharge station, set against a modern, well-lit background with the Shell logo prominently displayed. Time-lapse footage captures a modern, well-lit wooden charging station with arched canopies standing against the night sky, while streaks of white and red lights from passing vehicles create dynamic motion in the foreground. A car speeds down a highway at night, with streaks of golden and blue lights stretching across the scene, reflecting dynamically off the vehicle's glossy surface in a fast-paced timelapse shot. A futuristic scene as a vehicle glides rapidly along a curving tunnel, with streaks of blue and white light blending together in a high-speed timelapse, creating a tunnel-like motion effect. The reddish flicker effect again overlays the transition to another close-up of a car moving under nightfall, its path marked by glowing streaks of light and blurred reflections, capturing the dynamic essence of time-lapse motion.

The scene transitions to a flick-through of Shell’s historical footage, first in sepia tones, then in faded colour, as follows: a person pushing a cart with large wooden wheels, carrying a cylindrical container marked “Shell," set against the backdrop of a brick building; individuals in early 20th-century attire gathered near classic automobiles and an ornate street lamp; a vintage gas station shot, where an attendant in uniform uses a large nozzle to fuel a classic car, framed by two old-fashioned gas pumps with analogue dials; two vintage Shell gasoline pumps labelled "Shell Ethyl" and "Shell�; a Shell gas station, where uniformed attendants service a car, framed by retro-style pumps and a prominent Shell sign; a vintage self-service petrol station under a unique roof structure, with parked cars, people walking around, and prominent signage; an old Shell gas station sign, shaped like a yellow seashell with bold red lettering, captured from the perspective of someone driving past; several individuals donning helmets, wearing red and yellow outfits and gathered around, seemingly preparing for a motor race; a bustling Shell gas station with several yellow cars, some with open hoods, parked under a canopy while uniformed attendants and customers engage in maintenance or refuelling activities; Shell 2T oil overhead signage; a retro-style Shell gas station labelled "Exmouth Self-Serve Station," featuring multiple fuel pumps and cars parked near the pumps; a Shell gas station with a striking yellow and red octagonal canopy, a prominent non-English sign advertising a discount, and framed by palm trees, urban structures and a mountainous backdrop.

Video footage and animated sequence

As an animated yellow neon line begins its chasing light effect in the shape of the Pecten at frame-centre, we continue to see archival footage, as follows: a Shell gas station Pecten and canopy brightly illuminated against the night sky; a retro Shell service station with now-old cars parked at the pumps; a Shell totem sign, featuring the Pecten, fuel prices and other information. The scene shifts to satellite imagery of the Earth from space, bathed in the glow of a radiant sun. The neon line animation continues its chasing effect around the Pecten shape at frame-centre and concentric neon Pecten shapes pulsate outwards, creating a yellow glow across the scene before transitioning out.

Voiceover

You can be sure of Shell.

[Text displays]

You can be sure of Shell

Video footage and animated sequence

The scene shifts to a breathtaking aerial view of New York City at dusk, featuring a glowing skyline with iconic skyscrapers, the East River, and the Queensboro Bridge illuminated against the dimming sky. Bold white text transitions in to display at frame-centre, underlined with a yellow line. This final shot transitions out of frame in the shape of a contracting Pecten, gradually giving way to a clean white background.

[Text displays]

[Disclaimer]

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this presentation “Shell�, “Shell Group� and “Group� are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we�, “us� and “our� 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. ‘‘Subsidiaries’’, “Shell subsidiaries� and “Shell companies� as used in this presentation refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture�, “joint operations�, “joint arrangements�, and “associates� may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest� 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.

This presentation 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’s 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’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim�; “ambition�; ‘‘anticipate’’; “aspire�; “aspiration�; ‘‘believe’’; “commit�; “commitment�; ‘‘could’’; “desire�; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones�; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule�; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision�; ‘‘will’’; “would� 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 presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s 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, including climate change; (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 tariffs and 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, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) 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 presentation 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’s Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and ). These risk factors also expressly qualify all forward-looking statements contained in this presentation and should be considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, March 25, 2025. 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 presentation.

Also, in this presentation we may refer to Shell’s “net carbon intensity� (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity� or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks 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.

This presentation may contain certain forward-looking non-GAAP measures such as 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’s consolidated financial statements.

The contents of websites referred to in this presentation do not form part of this presentation.

We may have used certain terms, such as resources, in this presentation 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 .

Contacts Media: International +44 207 934 5550; U.S. and Canada: Contact form^© Shell International Limited 2025

[Shell logo] Shell plc | March 25, 2025

[Audio]

Shell brand mnemonic played on keys.

[Animated sequence]

The small iconic red-and-yellow Pecten transitions in, positioning itself at the centre of the frame against a white background. Text then appears below the Pecten, as well as spanning across the lower part of the frame.