Despite extending EY’s contract as statutory auditor just over a year ago, a rapid audit tender process at Shell sees the appointment of PwC.

The decision to re-hire PwC after a break of more than a decade comes two months after EY faced investigation by the UK audit regulator, the Financial Reporting Council (FRC) into the firm’s audit of Shell’s global operations over possible breaches of partner rotation rules and FRC Ethical Standard.

The appointment of PwC followed the conclusion of a rapid competitive audit tender process initiated at the beginning of Q4 2025 and led by the audit and risk committee. In previous year’s FTSE 100 listed Shell has taken up to two years to conclude an audit tender.