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1、Royal Dutch Shell plcSHELL LNG OUTLOOK 2018DEFINITIONS&CAUTIONARY NOTE2Reserves:Our use of the term“reserves”in this presentation means SEC proved oil and gas reserves.Resources:Our use of the term“resources”in this presentation includes quantities of oil and gas not yet classified as SEC proved oil
2、 and gas reserves.Resources are consistent with the Society of Petroleum Engineers(SPE)2P+2C definitions.Operating costs are defined as underlying operating expenses,which are operating expenses less identified items.Organic free cash flow is defined as free cash flow excluding inorganic capital inv
3、estment and divestment proceeds.Clean CCS ROACE(Return on Average Capital Employed)is defined as defined as the sum of CCS earnings attributable to shareholders excluding identified items for the current and previous three quarters,as a percentage of the average capital employed for the same period.
4、Capital employed consists of total equity,current debt and non-current debt.Capital investment comprises capital expenditure,exploration expense excluding well write-offs,new investments in joint ventures and associates,new finance leases and investments in Integrated Gas,Upstream and Downstream sec
5、urities,all of which on an accruals basis.In 2016,the capital investment was impacted by the acquisition of BG Group plc.which are included in“Change in non-controlling interest”within“Cash flow from financing(CFFF)activities”.Divestments comprises proceeds from sale of property,plant and equipment
6、and businesses,joint ventures and associates,and other Integrated Gas,Upstream and Downstream investments,reported in“Cash flow from investing activities(CFFI)”,adjusted onto an accruals basis and for any share consideration received or contingent consideration recognised upon divestment,as well as