2021 U.S.-Booked Air Volume: $13.1 million
Consolidated U.S. TMC: CWT in 2021
BTN estimates oil and gas giant Shell’s 2021 U.S.-booked air volume was $13.1 million, down from $16.4 million in 2020 and 82 percent less than its 2019 level.
The company in January 2022 changed its name from Royal Dutch Shell as it moved global headquarters from the Netherlands to London.
Shell in April 2022 appointed FCM as its global travel management company. Previously, the company was a CWT client.
As it looks to transition from carbon-based fuels to cleaner sources of energy, Shell has set a target to achieve net-zero emissions by 2050 and has also made several major investments in sustainable aviation fuel. The company offers carbon credits to Etihad Airways customers and recently signed a deal to supply SAF to European aviation group Lufthansa Group from 2024.
It also aims to cover 45 percent of its corporate travel emissions through SAF by 2030, according to a Reuters report.
The energy giant made several major acquisitions in 2021, including Landmark’s U.S. retail gas station network, which saw 2,000 additional staff join the company. However, following Russia’s invasion of Ukraine in February 2022, the company announced it would shut operations in Russia and exit joint ventures with Russian state-owned entity Gazprom.