Shell in Iraq
Shell in Iraq
Iraq has the world’s third largest proven petroleum reserves and these resources will play a critical role in helping address the global energy challenge. Shell’s presence in Iraq dates back to the early days of the Iraqi oil industry when it helped discover the Kirkuk oilfield in 1927.
Shell was formed in 1907, although our history can be traced back to the first half of the 19th century.
The Chief Executive Officer is Wael Sawan.
Shell’s purpose is to power progress together by providing more and cleaner energy solutions. We believe that rising standards of living for a growing global population are likely to continue to drive demand for energy, including oil and gas, for years to come. At the same time, the need to tackle climate change means there is a global transition under way to a low-carbon energy system.
Our people are essential to the successful delivery of the Shell strategy and to sustaining business performance over the long term. Performing competitively in the evolving energy landscape requires competent and empowered people working safely together across Shell.
We believe that diverse teams led by inclusive leaders deliver better safety and business performance.
Shell at a glance in 2022
70+ countries where we operate
93,000 employees as of December 31, 2022
66 million tonnes of liquefied natural gas (LNG) sold during 2022
8 refineries in which we have interests
2.86 million barrels of oil equivalent we produce per day
Financial performance in 2022
Revenue: $381,314 million
Income: $42,309 million
Cash capital expenditure: $24,833 million
Investment in research and development: $1,075 million
Fast facts for sustainable development in 2022
$182 million was spent on voluntary social investment worldwide.
Around $92 million of our total social investment spend in 2022 was in countries that, according to the UN Development Programme’s Human Development Index 2021, have a gross domestic product of less than $15,000 a year per person.
Shell at a glance in 2015
70+ countries we operate in
93,000 employees on average
22.6 million tonnes of equity LNG sold during the year
23 refineries we have interests in
3.0 million barrels of oil equivalent we produce every day
Financial performance in 2015
Revenue: $265.0 billion
Income: $2.2 billion
Capital investment: $28.9 billion
Investment in research and development: $1.1 billion
Fast facts for sustainable development in 2015
$122 million spent on voluntary social investment worldwide. Of this:
- around $93 million spent on local programmes for community development, disaster relief, education, health and biodiversity; and
- around $29 million spent on our three global strategic themes of enterprise development, road safety and energy access.
In lower-income countries, 75% of spending by Shell companies went to purchase goods and services from local companies.