“With volatile energy markets and the ongoing need for action to tackle climate change, 2022 continues to present huge challenges
for consumers, governments, and companies alike. Consequently, we are using our financial strength to invest in secure energy
supplies which the world needs today, taking real, bold steps to cut carbon emissions, and transforming our company for a low-carbon
energy future.

And, crucially, our Powering Progress strategy is delivering strong results for our shareholders on the back of years of portfolio high
grading, combined with robust operational performance. We are increasing shareholder distributions through a $6 billion share
buyback programme which is expected to be completed by Q3 2022 results.”

Source: Shell