Shell plc stated on Thursday in its latest Strategic Report for 2023 that it aims to lead the energy transition by setting a new target of reducing emissions by 15-20% by 2030. In that regard, the British hydrocarbon company achieved more than 60% of its target to halve emissions from its operations by 2030, compared to 2016.
Wael Sawan, Shell's CEO, highlighted the 2023 financial achievements, with cash flow from operations reaching $54 billion, the second highest in the company's history. Moreover, revenues were around $20 billion, and adjusted earnings reached approximately $28 billion.
"The energy system has shown promising signs of progress, despite geopolitical, supply chain and regulatory challenges. Renewable power has seen record growth in recent years and one-fifth of all new car sales in the world are now electric. In March, I saw the results of this growth first-hand on a Shell electric vehicle charging site in Beijing serving around 1,000 customers a day," Sawan added.
