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Driving to a Sustainable Future

Our next generation lubricant is now carbon neutral*

When it comes to choosing the right product for your vehicle, we know that sustainability and the environment play an increasingly important role in decision making. Consumers around the world now expect brands to offer sustainable products, with 74% citing environmental concerns**. At Shell, we want to help you make the best choice 鈥 one that is good for your car and helps lower emissions.

That鈥檚 why we鈥檝e collaborated with our long-term partner, Hyundai Motor Company, to launch a new range of Shell Helix Ultra AH 0W carbon neutral* lubricants 鈥 high performance, carbon neutral lubricants, and the latest in Shell鈥檚 evolving portfolio of lower emission products and services.

Shell Helix Ultra AH 0W carbon neutral not only delivers the ultra-high performance that you have come to expect, it鈥檚 also energy efficient, producing lower emissions, thanks to the amount of CO2 that is avoided for every 1 litre of fuel saved***. But that鈥檚 just one of the benefits to the environment. We follow a three-step process to make this product carbon neutral.

Shell Helix and Hyundai co-branded, carbon neutral product bottle

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Three steps to carbon neutral

Reduce emissions through sustainable initiatives

The sustainable packaging is made from up to 40% PCR (post-consumer resin) / recycled plastic in Shell Helix Ultra 0W bottles. Since 2016, Shell has reduced the carbon intensity of its lubricants manufacturing by over 30%, and over 50% of electricity used in its lubricant blending plants now comes from renewable sources.

Quantify emissions from lubricant life cycle

We account for all the CO2e emissions created across Shell Helix Ultra AH 0W carbon neutral lifecycle, including raw material extraction, transport, production, distribution, usage and end-of-life treatment.

Offset emissions with nature-based carbon credits

We compensate the product remaining CO2e emissions with nature-based carbon credits from our global Shell portfolio.

As a part of our ongoing commitment to create more sustainable product options, we invest heavily in lubricants research & development. This leads to innovation that supports our customers鈥 evolving needs without compromising on quality and performance. We鈥檙e proud to have worked with Hyundai to launch Shell Helix Ultra AH 0W carbon neutral, a lubricant that鈥檚 guaranteed to deliver higher performance and smoother driving 鈥 all while helping you to improve your net carbon footprint.

Hyundai car driving through green fields

*The CO鈧俥 lifecycle emissions of this product have been offset with verified Nature-Based Carbon Credits.

**Source Shell Insights + Kantar, Nov 2019

***Based on ACEA M111 fuel economy results (delta between the Shell Helix Ultra ECT AH 0W-30 result and that derived from the market viscosity grade average).

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release 鈥淪hell鈥, 鈥淪hell Group鈥 and 鈥淕roup鈥 are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words 鈥渨e鈥, 鈥渦s鈥 and 鈥渙ur鈥 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. 鈥樷楽ubsidiaries鈥欌, 鈥淪hell subsidiaries鈥 and 鈥淪hell companies鈥 as used in this press release 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 鈥渏oint ventures鈥 and 鈥渏oint operations鈥, respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as 鈥渁ssociates鈥. The term 鈥淪hell interest鈥 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.

This press release 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鈥檚 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鈥檚 expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as 鈥渁im鈥, 鈥渁mbition鈥, 鈥樷榓nticipate鈥欌, 鈥樷榖elieve鈥欌, 鈥樷榗ould鈥欌, 鈥樷榚stimate鈥欌, 鈥樷榚xpect鈥欌, 鈥樷榞oals鈥欌, 鈥樷榠ntend鈥欌, 鈥樷榤ay鈥欌, 鈥渕ilestones鈥, 鈥樷榦bjectives鈥欌, 鈥樷榦utlook鈥欌, 鈥樷榩lan鈥欌, 鈥樷榩robably鈥欌, 鈥樷榩roject鈥欌, 鈥樷榬isks鈥欌, 鈥渟chedule鈥, 鈥樷榮eek鈥欌, 鈥樷榮hould鈥欌, 鈥樷榯arget鈥欌, 鈥樷榳ill鈥欌 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 press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell鈥檚 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 press release 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鈥檚 Form 20-F for the year ended December 31, 2020 (available at www.shell.com/investor and ). These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, February 14 2022. 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 press release.

We may have used certain terms, such as resources, in this press release 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 .

Additionally, it is important to note that as of 18 March 2021, Shell鈥檚 operating plans and budgets do not reflect Shell鈥檚 Net-Zero Emissions target. Shell鈥檚 aim is that, in the future, its operating plans and budgets will change to reflect this movement towards its new Net-Zero Emissions target. However, these plans and budgets need to be in step with the movement towards a Net-Zero Emissions economy within society and among Shell鈥檚 customers.

Also, in this press release we may refer to Shell鈥檚 鈥淣et Carbon Footprint鈥, which includes Shell鈥檚 carbon emissions from the production of our energy products, our suppliers鈥 carbon emissions in supplying energy for that production and our customers鈥 carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions. The use of the term Shell鈥檚 鈥淣et Carbon Footprint鈥 is for convenience only and not intended to suggest these emissions are those of Shell or its subsidiaries.