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■ ■ $ million Integrated Gas Upstream Oil Products Refining & Trading Marketing Chemicals Corporate Q3 2021 RESULTS PRESS RELEASE The Hague , October 28 , 2021 " This quarter we've generated record cash flow , maintained capital discipline and announced our intention to distribute $ 7 billion to our shareholders from the sale of our Permian assets . Today , we also set a new 2030 target to halve the absolute emissions from our operations , compared to 2016 levels on a net basis . Altogether , this is clear evidence of how we are accelerating our Powering Progress strategy , purposefully and profitably . " Royal Dutch Shell Chief Executive Officer , Ben van Beurden QUALITY PORTFOLIO DELIVERING RECORD CASH Highest ever CFFO excl . working capital of $ 17.5 billion , supported by outstanding cash generation across the businesses and boosted by commodity derivatives . Disciplined cash capex of $ 13.2 billion in the first nine months ; expected to be around $ 20 billion in 2021 . Share buybacks of $ 1.0 billion in Q3 2021 out of a total target of $ 2 billion in the second half of 2021. Additional shareholder distributions of $ 7 billion related to the Permian sale to start in 2022 , post deal completion . Less : Non - controlling interest Q3 2021 Q2 2021 RDS An absolute emissions reduction target of 50 % by 2030 , compared to 2016 levels on a net basis , covering all Scope 1 and 2 emissions under Shell's operational control . $ billion Divestment proceeds Free cash flow Net debt Adj . Earnings¹ Adj . EBITDA ( CCS ) 3,768 6,766 2,360 415 1,945 715 ( 147 ) 1,680 1,686 1,212 ( 3 ) 1,215 395 ( 732 ) 112 4,130 5,534 Q3 2020 13,460 13,623 0.9 7.6 73.5 ஸ்ரீ Q4 2020 0.2 0.9 75.4 CFFO ex . WC 7,871 5,889 3,262 684 ( 233 ) 5 . 17,472 14,176 Q1 2021 3.4 7.7 71.3 SO por Q2 2021 ' Income / ( loss ) attributable to shareholders for Q3 2021 is $ ( 0.4 ) billion . Reconciliation of non - GAAP measures can be found in the unaudited results , available on www.shell.com/ investors . 1.3 9.7 65.7 CFFO 5,674 5,777 3,757 Shell HELIX 840 ( 22 ) 16,025 12,617 AIRBAG Q3 2021 1.3 12.2 57.5 Cash capex 1,272 1,502 976 364 612 1,053 36 4,840 4,383 1