Oman Shell partners with Oman Charitable Organization to power lives

The donation grant ceremony was held earlier this month at the OCO headquarters in Al Khuwair. Representing Oman Shell at the ceremony was Mr. Mahmoud Al Abri, General Manager of Corporate Relations at Oman Shell (interim), who extended the support to Mr. Badr Al Zaabi, Assistant Chief Executive Officer of OCO. The grant ceremony also witnessed the presence of key officials from Oman Shell’s management and CSR team as well as senior executives from OCO.

Commenting on the support to OCO, Mr. Al Abri said, “Oman Shell, through its diverse endeavours, has been at the forefront of nurturing an inclusive, equitable, and self-reliant society. We believe that people are the most important assets of a nation and their health, safety, and wellbeing are critical parameters to achieving sustainable progress. Acknowledging the fact that OCO provides significant support in the form of financial aid to those in need, Oman Shell’s donation will play an impactful role in helping the organization further its programmes and initiatives across a wider section of society. Through such thoughtful partnerships with leading charitable organisations, Oman Shell will continue to reaffirm its commitment to the Shell Powering Progress strategy while simultaneously being active players in the journey towards achieving Oman Vision 2040 and the UN Sustainable Development Goals.”

Oman Shell’s strategised CSR policies emphasise community upskilling and enterprise development, environment, and the holistic well-being of people. Along with executing its targeted social investment initiatives, Oman Shell takes concerted efforts to remain relevant to the evolving needs of the public. By establishing clear channels of communication and encouraging open dialogues, it continuously engages with NGOs, charities, and other stakeholders to understand their needs, collectively address challenges, and drive qualitative action to enrich the local society.

Established by a royal decree in 1996, OCO’s core philosophies of philanthropy, service to the people, and development of local communities resonate with Oman Shell. Apart from financial support, OCO has been extending study and medical aid as well as housing assistance to those with limited income. It has also been working to increase social awareness while instilling a culture of volunteerism among the youth.

Oman Shell’s unique stance on leading CSR activities has helped it establish long-term relationships with stakeholders across various sectors and reiterated its position as a company that has been pioneering transformational change and aiding in the socio-economic growth of the nation. Through the years, Oman Shell has run several innovative and industry-first social campaigns that have identified and addressed the needs of the community and continues to Power Progress through sharing benefits with the local society and exemplifying its commitment to being a responsible corporate citizen.

Notes to editors

About Shell Oman Marketing Company

Shell Oman Marketing Company is a publicly listed company on Muscat Stock Exchange. Shell Oman operates in a multi downstream-business structure providing Mobility, Commercial, Lubricants, Marine, Bitumen and Aviation fuel products and services in Oman. The company owns and operates the only ISO-certified lubricants blending plant of its kind in Mina Al Fahal that produces Made-in-Oman Shell-branded lubricants for local and regional markets. Shell Oman excels in its commitment to local talent development, with more than 96% Omanisation rate across its workforce. The Company works to meet the Sultanate’s growing energy demands, and contributing to its prosperity in an economically, environmentally and socially responsible manner, by operating safely and ethically and creating sustainable value for the Omani community.

Enquiries

Mahmoud Al Abri GM – Corporate Relations (Interim)
Shell Oman Marketing Company
Phone: +968 24570200
Email: feedbackandissues-om@shell.com

Cautionary note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements

This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’, ‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’, ‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’, ‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, incding (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2021 (available at www.shell.com/investor and www.sec.gov).These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, March 28, 2023. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

Shell’s net carbon footprint

Also, in this announcement we may refer to Shell’s “Net Carbon Footprint” or “Net Carbon Intensity”, which include Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell’s “Net Carbon Footprint” or “Net Carbon Intensity” are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-Zero Emissions Target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and Net Carbon Footprint (NCF) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCF target, as these targets are currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

The contents of websites referred to in this announcement do not form part of this announcement.

We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.