BAKU, Azerbaijan, May 5. The charges of Royal Dutch Shell over the exit from Russia in Q1 2022 stood at $2,597 million in Integrated Gas, $433 million in Upstream, $594 million in Marketing, $233 million in Chemicals and Products, $272 million in Renewables and Energy Solutions, Trend reports with reference to the company.
Income attributable to Shell plc shareholders, Adjusted Earnings, and Adjusted EBITDA, compared with the fourth quarter 2021, mainly reflected higher realised prices, higher trading contributions across businesses, and lower operating expenses and tax, partly offset by lower volumes. Cost of supplies adjustment attributable to Shell plc shareholders for the first quarter 2022 was negative $2.1 billion.
Income attributable to Shell plc shareholders also reflected post-tax charges of $3.9 billion related to the phased withdrawal from Russian oil and gas activities. Cash flow from operating activities for the first quarter 2022 was $14.8 billion, and reflected net favourable derivatives movements of $2.2 billion mainly due to settlements of derivative contracts in the first quarter 2022 for which variation margins cash outflows have taken place in 2021 as well as working capital outflows of $7.4 billion. Cash flow from investing activities for the quarter was an outflow of $4.3 billion.
At the end of the first quarter 2022, net debt was $48.5 billion, compared with $52.6 billion at the end of the fourth quarter 2021, mainly driven by free cash flow and partly offset by dividends and share buybacks. Gearing was 21.3 percent at the end of the first quarter 2022, compared with 23.1 percent at the end of the fourth quarter 2021, mainly driven by net debt reduction.
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