Shell plc is a British multinational oil and gas company headquartered in London, recognized as one of the world's largest integrated energy and petrochemical firms. Formed in 1907 through the merger ... Shell plc is a British multinational oil and gas company headquartered in London, recognized as one of the world's largest integrated energy and petrochemical firms. Formed in 1907 through the merger of Royal Dutch Petroleum Company and The 'Shell' Transport and Trading Company, it has evolved into a vertically integrated giant spanning exploration, production, refining, transportation, distribution, marketing, and trading of oil, natural gas, and petrochemicals. Shell plc operates in over 70 countries, producing around 3.7 million barrels of oil equivalent per day, with a global network of approximately 44,000 service stations and significant reserves of 11.1 billion barrels of oil equivalent as of 2019. Its business segments include Upstream for exploration and recovery, Integrated Gas for LNG and low-carbon fuels, Downstream for refining and marketing, and investments in renewables like wind, solar, electric vehicle charging, and biofuels through its New Energies division. Renowned for innovations such as the world's largest GTL plant in Qatar and deepest oil projects, Shell plc plays a pivotal role in global energy supply, chemicals production, and the transition to sustainable solutions. Employing around 96,000 people, it contributes substantially to the world economy across diverse sectors.
In 2025, Shell was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Turnover
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c
0000000
Total Taxonomy Eligible Turnover
0000000
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b
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c
0000000
4.3 CCM/CCA - Electricity generation from wind power
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b
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c
0000000
6.15 CCM - Infrastructure enabling low-carbon road transport and public transport
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b
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0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
0000000
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b
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c
0000000
Total Taxonomy Eligible Opex
0000000
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b
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c
0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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b
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0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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b
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0000000
4.3 CCM/CCA - Electricity generation from wind power
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b
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c
0000000
6.15 CCM - Infrastructure enabling low-carbon road transport and public transport
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Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
c
0000000
Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
0000000
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b
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c
0000000
Total Taxonomy Eligible Capex
0000000
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b
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c
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3.10 CCM/CCA - Manufacture of hydrogen
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b
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c
0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology
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b
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c
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4.10 CCM/CCA - Storage of electricity
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b
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c
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
4.3 CCM/CCA - Electricity generation from wind power
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
6.15 CCM - Infrastructure enabling low-carbon road transport and public transport
Copy/Paste is a PRO feature.
Copy/Paste is a PRO feature.
b
Copy/Paste is a PRO feature.
c
0000000
Limited Data Preview
You are viewing a limited preview of Shell’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2021.
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a. Shell's Annual Report 2025
b. Shell's Annual Report 2024
c. Shell's Annual Report 2023
d. Shell's Annual Report 2022
Insights into Shell's Revenues from Sustainable Activities
In 2025, Shell reported EU Taxonomy-eligible revenues of USD 0, representing 0% of its total turnover. Of this amount, USD 0 of Shell's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Shell's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Shell's revenues become more sustainable over time?
Compared to the previous year (2024), Shell's taxonomy-aligned revenues decreased by 100%, suggesting that Shell may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
Insights into Shell's CAPEX from Sustainable Activities
In 2025, Shell reported EU Taxonomy-eligible CAPEX of USD 3.25 billion,representing 10.9% of its total CAPEX. Of this amount, USD 1.37 billion of Shell's CAPEX was classified as EU Taxonomy-aligned, indicating that 4.6% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Shell's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Shell's increased its investment in sustainable activities over time?
Compared to the previous year (2024), Shell's taxonomy-aligned CAPEX decreased by 23.33%,suggesting that Shell may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Shell's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Shell reported that USD 3.25 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 10.9% of the company's total CAPEX. Of this amount, USD 1.37 billion (4.6% of total CAPEX) was classified as Taxonomy-aligned. This means that 6.3% of Shell's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Shell's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Shell reported that USD 1.37 billion of its CAPEX was aligned under the EU Taxonomy, representing 4.6% of its total capital investment.a
This low alignment reflects that Shell is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Shell's Eligibility & Alignment Overview
Shell's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Shell's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Shell reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 4.6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Shell is investing in climate-related solutions?
In 2025, Shell allocated USD 1.37 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 4.6% of the company's total capital expenditure,indicating that Shellhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Shell's OPEX from Sustainable Activities
In 2025, Shell reported EU Taxonomy-eligible OPEX of USD 0,representing 0% of its total operating expenses (OPEX). Of this amount, USD 0 of Shell's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Shell's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Shell's increased its spending in sustainable activities over time?
Compared to the previous year (2024), Shell's taxonomy-aligned OPEX decreased by 100%, suggesting that Shell may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b