Royal Dutch Shell is a vertically integrated oil and gas company based in The Hague, Netherlands, with global operations. In 2020, Shell's global operations resulted in 1.24 billion barrels of oil equivalent (boe) in oil and gas production, 4.71 million barrels per day in refined fuels sales, 15.04 million metric tons in chemical sales, and 47 million boe in energy consumption, which translates into Scope 1, 2, and 3 emissions of 63 million tons, 9 million tons, and 1,305 million tons of CO2, respectively. Shell aims to achieve net-zero Scope 1, 2, and 3 emissions from its operations and energy products by 2050. The company has set midterm and long-term carbon intensity targets that involve reducing its net carbon footprint by 20% in 2030, 45% in 2035, and 100% in 2050, measured against its net carbon footprint from 2016. As part of its decarbonization efforts, Shell is investing heavily in low-carbon hydrogen.
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