Segment information | Segment information Segment earnings are presented on a current cost of supplies basis (CCS earnings), which is the earnings measure used by the Chief Executive Officer for the purposes of making decisions about allocating resources and assessing performance. On this basis, the purchase price of volumes sold during the period is based on the current cost of supplies during the same period after making allowance for the tax effect. CCS earnings therefore exclude the effect of changes in the oil price on inventory carrying amounts. Sales between segments are based on prices generally equivalent to commercially available prices. INFORMATION BY SEGMENT Quarters $ million Half year Q2 2021 Q1 2021 Q2 2020 2021 2020 Third-party revenue 9,247 11,258 7,436 Integrated Gas 20,505 17,593 2,242 1,941 1,177 Upstream 4,183 3,521 44,570 38,382 21,596 Oil Products 82,952 65,893 4,444 4,070 2,283 Chemicals 8,514 5,504 12 14 12 Corporate 26 22 60,515 55,665 32,504 Total third-party revenue¹ 116,181 92,533 Inter-segment revenue 1,794 1,351 558 Integrated Gas 3,145 1,449 8,924 7,254 4,117 Upstream 16,178 10,592 3,017 2,457 1,082 Oil Products 5,473 2,933 1,633 1,187 475 Chemicals 2,820 1,350 — — — Corporate — — CCS earnings 422 2,527 (7,959) Integrated Gas 2,949 (6,147) 2,415 1,096 (6,721) Upstream 3,511 (7,584) 33 650 (3,023) Oil Products 682 (811) 462 689 164 Chemicals 1,152 311 (592) (531) (805) Corporate (1,124) (1,258) 2,741 4,430 (18,343) Total CCS earnings 7,171 (15,490) 1. Includes revenue from sources other than from contracts with customers, which mainly comprises the impact of fair value accounting of commodity derivatives. Second quarter 2021 included losses of $340 million (Q1 2021: $1,211 million income; Q2 2020: $1,405 million income). This amount includes both the reversal of prior losses of $374 million (Q1 2021: $385 million losses; Q2 2020: $686 million gains) related to sales contracts and prior gains of $434 million (Q1 2021: $465 million gains; Q2 2020: $507 million losses) related to purchase contracts that were previously recognised and where physical settlement took place in the second quarter 2021. RECONCILIATION OF INCOME FOR THE PERIOD TO CCS EARNINGS Quarters $ million Half year Q2 2021 Q1 2021 Q2 2020 2021 2020 3,428 5,660 (18,131) Income/(loss) attributable to Royal Dutch Shell plc shareholders 9,087 (18,155) 131 124 30 Income/(loss) attributable to non-controlling interest 255 31 3,559 5,784 (18,101) Income/(loss) for the period 9,343 (18,124) Current cost of supplies adjustment: (994) (1,631) (432) Purchases (2,625) 3,342 208 353 98 Taxation 562 (819) (33) (76) 92 Share of profit/(loss) of joint ventures and associates (108) 111 (818) (1,354) (242) Current cost of supplies adjustment (2,172) 2,634 of which: (793) (1,314) (246) Attributable to Royal Dutch Shell plc shareholders (2,108) 2,535 (25) (39) 4 Attributable to non-controlling interest (64) 100 2,741 4,430 (18,343) CCS earnings 7,171 (15,490) of which: 2,634 4,345 (18,377) CCS earnings attributable to Royal Dutch Shell plc shareholders 6,980 (15,620) 106 85 34 CCS earnings attributable to non-controlling interest 191 131 |