Maintain your engine in pristine condition while optimizing fuel efficiency with “Shell Helix FuelSave Diesel"

Shell is making significant strides in the lubricant market by introducing "Shell Helix FuelSave Diesel," the latest and fully synthetic engine oil, meticulously designed to cater specifically to the requirements of diesel engines. Notably, it boasts remarkable fuel-saving capabilities, equivalent to an impressive 22 kilometers per 1,000 kilometers of vehicle usage.¹ Utilizing cutting-edge technology that enhances its friction reduction properties, this engine oil goes above and beyond by safeguarding the engine from both residue buildup and wear. Moreover, it offers exceptional value by presenting a generous 6-liter capacity bottle, all at an affordable price of only 2,500 baht. We invite you to embrace the superior benefits of Shell Helix FuelSave Diesel. The more you utilize it, the greater savings you will gain. You can experience its excellence firsthand today, exclusively available at Shell Helix Oil Change+ and at all Shell service stations across the country.

Mr. Kamolpat Baholyodhin, Executive Director - Lubricant Business, The Shell Company of Thailand Limited, said, “To meet the demands of customers who utilize diesel cars and seek enhanced value for their money, while simultaneously ensuring peak engine performance, Shell has introduced the all-new Shell Helix FuelSave Diesel, a cutting-edge, fully synthetic engine oil innovation that is designed for diesel engines. Now available in an expanded 6-liter container, complementing the original 4-liter Shell Helix FuelSave product, this offering provides even greater value. This innovative solution not only aids in fuel conservation and the sustained efficiency of diesel engines, but it also upholds engine cleanliness. As a result, it contributes to a reduction in pollutant emissions and the release of carbon dioxide into the atmosphere. In alignment with Shell's core operational objectives, this advancement solidifies the commitment to keep the world progressing today, for a better tomorrow. Furthermore, the product actively supports Shell’s transition to net-zero emissions. This is achieved through a comprehensive approach which focuses on ‘avoid, reduce, and compensate’, encompassing the range of fuel products provided by Shell to its valued customers.”

Shell Helix FuelSave Diesel engine oil is formulated using natural gas which has low friction, effectively preventing the accumulation of residues while safeguarding engine surfaces against wear and tear. This formulation not only sustains optimal performance, but it also extends the engine's operational lifespan. Notably, it has been co-engineered with Shell fuels, resulting in a remarkable fuel efficiency, making it an exceptional choice. When used in conjunction with Shell fuels, it enhances fuel savings even further, boosting the potential to reduce fuel consumption by up to 2.2%, equivalent to approximately 22 kilometers per 1,000 kilometers of vehicle usage.

Mr. Omar Sheikh, Executive Director - Mobility Business at The Shell Company of Thailand Limited, said, “Today, we’re very proud to introduce the latest innovation, Shell Helix FuelSave Diesel. This advanced engine oil, available in convenient 6-liter bottles, is the result of a collaborative effort with Shell fuels. It caters specifically to diesel engine users, offering them a premium solution. Customers have the opportunity to purchase a 6-liter supply of Shell Helix FuelSave Diesel engine oil, exclusively accessible at over 400 Shell Helix Oil Change+ nationwide. The package includes a complimentary oil change service provided by expert technicians, ensuring swift and professional care for your vehicle. Furthermore, this innovative product is conveniently accessible at more than 700 Shell gas stations across the country, enhancing accessibility for customers.”

In addition to offering high-quality fuel products at Shell service stations, Shell is committed to delivering exceptional vehicle care services to its customers. This includes the provision of High-Performance Charging (HPC) stations, featuring charging capacities of either 180 or 360 kilowatts. Additionally, Shell Helix Oil Change+ stands ready to offer convenient service for Shell Helix FuelSave Diesel engine oil changing.

Customers can also partake in a diverse range of services designed to enhance their daily lives. To adapt to evolving consumer preferences, Shell provides opportunities for added convenience, including refreshments and bakery delights at Shell Café, the accessibility of Shell Select stores, as well as various dining options. Collaborating closely with business partners, Shell has extended its offerings to include laundry and other services, promoting mutual growth and development.

Drivers of diesel engines seeking a blend of performance and value can now choose Shell Helix FuelSave Diesel, a fully synthetic engine oil available in a 6-liter size. This option not only helps you unlock savings the more you use it, but it also enhances engine longevity. It is available today at over 400 Shell Helix Oil Change+ across the country, as well as at Shell gas stations nationwide.

Remark: *1 As per the ACEA M111 test standard, the product demonstrates a 2.2% increase in fuel efficiency compared to the reference engine oil, resulting in a mileage improvement of 22 kilometers per 1,000 kilometers.

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, including (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, 2022 (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, [4 September 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 intensity

Also, in this announcement we may refer to Shell’s “Net Carbon Intensity”, which includes 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 Intensity” is 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 Intensity (NCI) targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target and 2035 NCI 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.

Forward Looking Non-GAAP measures

This announcement may contain certain forward-looking non-GAAP measures such as [cash capital expenditure] and [divestments]. We are unable to provide a reconciliation of these forward-looking Non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those Non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

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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.