1、ANNUAL REPORT AND ACCOUNTSFOR THE YEAR ENDED DECEMBER 31,2020ROYAL DUTCH SHELL PLCPOWERING PROGRESSCONTENTSShell Annual Report and Accounts 2020Design and production:Friend Print:Opmeer papier pixels projecten www.opmeerbv.nlINTRODUCTIONiii About this Report iv Terms and abbreviations 1 Powering Pro
2、gressSTRATEGIC REPORT4 Chairs message6 Chief Executive Officers review8 Selected financial data10 Shell story18 Strategy and outlook22 Section 172(1)statement28 Risk factors38 Market overview41 Summary of results43 Performance indicators46 Integrated Gas53 Upstream61 Oil and gas information70 Oil Pr
3、oducts77 Chemicals80 Corporate81 Liquidity and capital resources85 Environment and society94 Climate change and energy transition108 Our peopleGOVERNANCEDirectors Report114 The Board of Royal Dutch Shellplc122 Senior Management124 Introduction from the Chair126 Statement of compliance with the UK Co
4、rporate Governance Code128 Governance framework130 Board activities and evaluation134 Understanding and engaging with ourstakeholders138 Workforce engagement140 Nomination and Succession Committee143 Safety,Environment and Sustainability Committee145 Audit Committee Report153 Directors Remuneration
5、Report157 Annual Report on Remuneration173 Directors Remuneration Policy182 Other regulatory and statutory informationFINANCIAL STATEMENTS ANDSUPPLEMENTS192 Independent Auditors Report related to theConsolidated and Parent Company Financial Statements216 Consolidated Financial Statements265 Suppleme
6、ntary information oilandgas(unaudited)283 Parent Company Financial Statements292 Independent Auditors Reports related to the Royal Dutch Shell Dividend Access Trust Financial Statements294 Royal Dutch Shell Dividend Access Trust Financial StatementsADDITIONAL INFORMATION300 Shareholder information30