SHELL CHINA EXPLORATION AND PRODUCTION COMPANY LIMITED

1. SHELL CHINA EXPLORATION AND PRODUCTION COMPANY LIMITED 2002-01-31 → present
2. SHELL EXPLORATION (CHINA) LIMITED 1981-12-31 → 2002-01-31
3. SHELL EXPLORATION LIMITED 1974-05-09 → 1981-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In determining the appropriate basis of preparation of the financial statements, the Directors are required to consider whether the Company can continue in operational existence over the period to 31 December 2026 (the 'going concern period'). The Directors have considered the potential risks and uncertainties relating to ongoing geo-political events and its related economic impact on the Company's business, credit, market, and liquidity position. Based on the above, together with the Directors knowledge and experience of the market, the Directors consider it appropriate to prepare the financial statements for the year ended 31 December 2024 on a going concern basis.”

Group structure

1. SHELL CHINA EXPLORATION AND PRODUCTION COMPANY LIMITED · parent
   1. Pecten Orient Company LLC 100% · USA

Significant events

• “The company became liable for a tax payable of approximately EUR 619,000 to the Netherlands Tax Authority. This liability arose due to a change in Dutch tax regulations impacting the taxation of interest income. As the regulatory change occurred after the reporting date, the resulting tax obligation is classified as a non-adjusting subsequent event and has not been recognized in the financial statements.”
• “An official notice jointly issued by the Ministry of Finance, Ministry of Natural Resources, and the State Taxation Administration, establishes a standardized framework for calculating and collecting income derived from the transfer of mineral exploration and mining rights in China. The Company and its joint venture partner are currently engaged in discussions to determine the appropriate allocation of this responsibility. Management note that, given there is ongoing uncertainty regarding the allocation of liability and the absence of a reliable estimate of the amount payable, a contingent liability may exist.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -18.8%

  £185,656,042 → £150,808,747

• Cash

  -84.5%

  £4,179,392 → £648,629

• Net assets

  -22%

  £203,697,554 → £158,873,239

• Employees

  -39.2%

  97 → 59

• Operating profit

  +147.9%

  £16,704,225 → £41,407,709

• Profit before tax

  -3.6%

  £42,828,021 → £41,286,879

• Wages

  -45.1%

  £8,926,612 → £4,900,667

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers