ROYAL DUTCH SHELL PLC

Transcription

1 ROYAL DUTCH SHELL PLC UNAUDITED FINANCIAL STATEMENTS AND OPERATING INFORMATION Index: (Click on the link below for desired data) Consolidated Statement of Income Earnings and Dividends per Share and per ADS Condensed Consolidated Balance Sheet Condensed Consolidated Statement of Cash Flows Earnings by Business Segment and Identified Items Net Capital Investment Additional Segmental Information Price and Margin Information (period average) Upstream Operational data Downstream Operational data Cautionary Statement CONTACTS: Investor Relations International + 31 (0) ; North America Media International: +44 (0) ; USA

2 CONSOLIDATED STATEMENT OF INCOME $ million Q Q Q Q Q Q Q Q Revenue 278, , , , , , , , , , , ,851 92, ,105 Share of profit of joint ventures and associates 4,976 5,953 8,737 8,948 2,303 1,433 1,515 2,024 7,275 2,070 1,716 1, ,116 Interest and other income 1 1,965 4,143 5,581 5, , , ,123 Total revenue and other income 285, , , , , , , , , , , ,825 94, ,344 Purchases 203, , , ,725 86,603 88,901 91,842 85, ,199 83,835 85,296 84,507 73, ,278 Production and manufacturing expenses 25,301 24,458 26,553 26,215 6,458 7,000 7,416 7,512 28,386 7,179 7,839 7,555 7,465 30,038 Selling, distribution and administrative expenses 17,430 15,528 14,359 14,465 3,587 3,661 3,566 3,861 14,675 3,434 3,755 3,350 3,426 13,965 Research and development 1,125 1,019 1,123 1, , ,222 Exploration 2,178 2,036 2,266 3, ,228 1,636 1,766 5, , ,323 4,224 Depreciation, depletion and amortisation 14,458 15,595 13,228 14,615 4,225 7,502 4,153 5,629 21,509 7,424 7,354 4,730 4,991 24,499 Interest expense ,373 1, , ,804 Income before taxation 21,020 35,344 55,543 50,512 13,298 5,372 8,962 5,960 33,592 8,545 9,123 8,118 2,528 28,314 Taxation 8,302 14,870 24,450 23,552 5,072 3,631 4,225 4,138 17,066 4,003 3,778 3,693 2,110 13,584 Income for the period 12,718 20,474 31,093 26,960 8,226 1,741 4,737 1,822 16,526 4,542 5,345 4, ,730 Income attributable to non-controlling interest (38) (177) (144) Income attributable to Royal Dutch Shell plc shareholders 12,518 20,127 30,826 26,712 8,176 1,737 4,677 1,781 16,371 4,509 5,307 4, ,874 CCS adjustment for Downstream (2,714) (1,484) (2,293) 452 (225) 657 (429) (44) (160) 803 3,568 4,167 CCS earnings 9,804 18,643 28,533 27,164 7,951 2,394 4,248 2,152 16,745 4,465 5,147 5,266 4,163 19,041 Identified Items (1,749) 570 3,938 1, (2,206) (209) (763) (2,747) (2,862) (979) (581) 901 (3,521) CCS earnings excluding identified items 11,553 18,073 24,595 25,259 7,520 4,600 4,457 2,915 19,492 7,327 6,126 5,847 3,262 22,562 1 Includes dividend income, gains/(losses) on sale of assets and net foreign exchange gains on financing activities.

3 EARNINGS AND DIVIDENDS PER SHARE Q Q Q Q Q Q Q Q Dividends per share ($) Basic earnings per share ($) Earnings per share CCS earnings per share CCS earnings per share excluding identified items Diluted earnings per share ($) Earnings per share CCS earnings per share CCS earnings per share excluding identified items EARNINGS AND DIVIDENDS PER ADS 2 Dividends per ADS ($) Basic earnings per ADS ($) Earnings per share CCS earnings per share CCS earnings per share excluding identified items Diluted earnings per share ($) Earnings per share CCS earnings per share CCS earnings per share excluding identified items Shares (Millions) 3 Weighted average number of shares as the basis for: Basic earnings per share 6, , , , , , , , , , , , , , Diluted earnings per share 6, , , , , , , , , , , , , , Shares outstanding at the end of the period , , , , , , , , , , , , , Number of shares repurchased Number of shares issued Scrip dividend reference share price ($) Dividend declared in respect of the relevant quarter 2 Each American Depositary Share (ADS) represents two Royal Dutch Shell plc ordinary shares of 0.07 each. 3 Royal Dutch Shell plc ordinary shares of 0.07 each. 4 Shares repurchases based on the trading date. Settlement usually occurs three working days after the trading day.

4 CONDENSED CONSOLIDATED BALANCE SHEET At the end of At the end of At the end of At the end of At the end of At the end of Q Q Q Q Q Q Q Q Q Q Q Q $ million Assets Non-current assets: Intangible assets 5,356 5,039 4,521 4,470 4,456 4,384 4,348 4,394 7,482 7,423 7,135 7,076 Property, plant and equipment 131, , , , , , , , , , , ,472 Joint ventures and associates 31,175 33,414 37,990 38,350 34,478 33,715 34,010 34,613 35,909 34,455 33,316 31,558 Investments in securities 3,874 3,809 5,492 4,867 4,878 4,809 4,703 4,715 4,761 4,647 4,592 4,115 Deferred tax 5,010 5,572 4,943 4,288 4,641 5,097 5,514 5,785 6,177 6,557 7,465 8,131 Retirement benefits 4,001 4,868 3,414 2,301 3,502 3,649 3,205 3,574 3,197 3,439 2,405 1,682 Trade and other receivables 9,158 8,970 9,256 8,991 9,052 9,115 9,633 9,191 10,036 9,121 8,255 8, , , , , , , , , , , , ,338 Current assets: Inventories 27,410 29,348 28,976 30,781 31,531 29,024 29,820 30,009 28,829 31,361 27,318 19,701 Trade and other receivables 59,328 70,102 79,509 65,403 66,598 62,312 62,561 63,638 63,670 65,225 59,056 58,470 Cash and cash equivalents 9,719 13,444 11,292 18,550 17,614 12,540 14,278 9,696 11,924 15,419 19,027 21,607 96, , , , , , , , , , ,401 99,778 Total assets 286, , , , , , , , , , , ,116 Liabilities Non-current liabilities: Debt 30,862 34,381 30,463 29,921 27,329 28,017 31,972 36,218 41,236 38,901 37,065 38,332 Trade and other payables 4,586 4,250 4,921 4,175 4,170 4,094 4,198 4,065 4,281 4,167 3,735 3,582 Deferred tax 10,894 10,439 10,096 10,312 11,490 11,950 11,678 11,943 11,882 11,950 12,970 12,052 Retirement benefits 10,658 11,144 13,738 15,290 15,091 14,048 13,738 11,182 11,385 11,967 14,064 16,318 Decommissioning and other provisions 14,048 14,285 15,631 17,435 18,054 17,909 18,839 19,698 22,298 22,714 22,156 23,834 71,048 74,499 74,849 77,133 76,134 76,018 80,425 83,106 91,082 89,699 89,990 94,118 Current liabilities: Debt 4,171 9,951 6,712 7,833 8,461 4,954 5,106 8,344 4,493 5,221 5,917 7,208 Trade and other payables 67,161 76,550 81,846 72,839 73,301 70,922 71,988 70,112 70,738 72,495 65,741 64,864 Taxes payable 9,189 10,306 10,606 12,684 14,386 12,031 13,110 11,173 13,488 13,542 13,181 9,797 Retirement benefits Decommissioning and other provisions 3,807 3,368 3,108 3,221 3,097 2,979 3,195 3,247 3,275 3,257 3,226 3,966 84, , ,659 96,979 99,621 91,269 93,782 93,258 92,381 94,904 88,429 86,212 Total liabilities 155, , , , , , , , , , , ,330 Equity attributable to Royal Dutch Shell plc shareholders 129, , , , , , , , , , , ,966 Non-controlling interest 1,704 1,767 1,486 1,433 1,433 1,354 1,259 1,101 1,102 1, Total equity 130, , , , , , , , , , , ,786 Total liabilities and equity 286, , , , , , , , , , , ,116

5 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS $ million Q Q Q Q Q Q Q Q Cash flow from operating activities: Income for the period 12,718 20,474 31,093 26,960 8,226 1,741 4,737 1,822 16,526 4,542 5,345 4, ,730 Adjustment for: - Current taxation 9,297 16,384 23,009 22,722 4,892 4,048 4,965 4,677 18,582 4,400 4,336 2,691 2,330 13,757 - Interest expense (net) 1, ,164 1, , ,598 - Depreciation, depletion and amortisation 14,458 15,595 13,228 14,615 4,225 7,502 4,153 5,629 21,509 7,424 7,355 4,729 4,991 24,499 - Net (gains)/losses on sale of assets (781) (3,276) (4,485) (4,228) (213) (44) (38) (87) (382) 41 (2,203) (78) (972) (3,212) - Decrease/(increase) in working capital (2,331) (5,929) (6,471) 3, , (1,682) 2, (2,335) 1,741 6,124 6,405 - Share of profit of joint ventures and associates (4,976) (5,953) (8,737) (8,948) (2,303) (1,433) (1,515) (2,024) (7,275) (2,070) (1,716) (1,512) (818) (6,116) - Dividends received from joint ventures and associates 4,903 6,519 9,681 10,573 1,242 2,703 1,307 1,865 7,117 1,507 1,768 2,096 1,531 6,902 - Deferred taxation, retirement benefits, decommissioning and other provisions (1,925) (1,934) 1, (11) (845) (907) (938) (2,701) (308) (396) 689 (1,705) (1,720) - Other (1,879) (10) (949) ,338 2, ,000 2,500 Net cash from operating activities (pre-tax) 30,731 42,712 59,393 67,170 16,476 18,842 14,395 11,036 60,749 17,318 13,021 15,730 13,274 59,343 Taxation paid (9,243) (15,362) (22,622) (21,030) (4,917) (6,398) (3,986) (5,008) (20,309) (3,334) (4,380) (2,919) (3,666) (14,299) Net cash from operating activities 21,488 27,350 36,771 46,140 11,559 12,444 10,409 6,028 40,440 13,984 8,641 12,811 9,608 45,044 Cash flow from investing activities: Capital expenditure (26,516) (26,940) (26,301) (32,576) (7,862) (8,987) (8,788) (14,508) (40,145) (7,397) (7,872) (7,867) (8,718) (31,854) Investments in joint ventures and associates (2,955) (2,050) (1,886) (3,028) (372) (291) (352) (523) (1,538) (889) (493) (151) 107 (1,426) Proceeds from sale of assets 1,325 3,325 6,990 6, , ,539 3,783 2,245 9,873 Proceeds from sale of joint ventures and associates 1,633 3, , ,163 Other investments (net) (105) (34) 90 (86) 20 (347) (63) 2 (388) (278) (649) (587) Interest received Net cash used in investing activities (26,234) (21,972) (20,443) (28,453) (7,642) (9,172) (8,881) (14,451) (40,146) (7,714) (936) (4,327) (6,680) (19,657) Cash flow from financing activities: Net (decrease)/increase in debt with maturity period within three months (6,507) 4,647 (3,724) (165) 133 (370) 124 3,239 3,126 (1,297) (1,397) (465) (173) (3,332) Other debt: - New borrowings 19,742 7,849 1,249 5, ,402 4,366 9,146 3, ,001 7,778 - Repayments (2,534) (3,240) (4,649) (4,960) (2,185) (3,556) (672) (464) (6,877) (2,933) (251) (334) (571) (4,089) Interest paid (902) (1,312) (1,665) (1,428) (158) (176) (323) (650) (1,307) (368) (398) (404) (310) (1,480) Change in non-controlling interest (7) 8 8 (60) (51) - (13) - 1, Cash dividends paid to: - Royal Dutch Shell plc shareholders (10,526) (9,584) (6,877) (7,390) (1,908) (2,043) (1,637) (1,610) (7,198) (1,499) (1,964) (2,994) (2,987) (9,444) - Non-controlling interest (191) (395) (438) (292) (21) (59) (136) (36) (252) (28) (45) (4) (39) (116) Repurchases of shares - - (1,106) (1,492) (545) (1,934) (1,525) (996) (5,000) (1,241) (346) (770) (971) (3,328) Shares held in trust: - Net sales/(purchases) and dividends received (929) (34) (10) (432) (189) 66 (565) (29) 232 Net cash used in financing activities (829) (1,467) (18,131) (10,630) (4,521) (8,364) 52 3,855 (8,978) (4,048) (4,184) (4,481) (77) (12,790) Currency translation differences relating to cash and cash equivalents 106 (186) (349) 201 (332) (14) (170) 6 (26) (395) (271) (686) Increase/(decrease) in cash and cash equivalents (5,469) 3,725 (2,152) 7,258 (936) (5,074) 1,738 (4,582) (8,854) 2,228 3,495 3,608 2,580 11,911 Cash and cash equivalents at beginning of period 15,188 9,719 13,444 11,292 18,550 17,614 12,540 14,278 18,550 9,696 11,924 15,419 19,027 9,696 Cash and cash equivalents at end of period 9,719 13,444 11,292 18,550 17,614 12,540 14,278 9,696 9,696 11,924 15,419 19,027 21,607 21,607

6 EARNINGS BY SEGMENT AND IDENTIFIED ITEMS Earnings by Segment $ million Q Q Q Q Q Q Q Q Upstream* 1 Europe 2,756 4,328 5,033 4,465 1, , ,065 Asia 2,469 3,866 8,070 9,379 2,615 2,373 2,118 2,091 9,197 2,962 2,424 2,688 1,892 9,966 Oceania 749 3,942 1,739 2, , ,822 (49) (545) 1,664 Africa 1,235 3,069 4,807 4,403 1, , ,823 International 7,209 15,205 19,649 21,169 5,511 3,911 3,635 3,277 16,334 4,880 5,277 3,439 2,922 16,518 Americas 1, ,817 1, (2,230) (345) (1,431) (3,696) 547 (1,457) 510 (277) (677) 8,354 15,935 24,466 22,244 5,821 1,681 3,290 1,846 12,638 5,427 3,820 3,949 2,645 15,841 *Of which : Integrated gas 2 1,785 5,727 7,280 10,990 2,809 2,225 2,076 2,280 9,390 3,199 3,980 2,585 1,539 11,303 Downstream (CCS basis) Oil Products (58) 1,439 2,136 4,008 1, ,026 (1,481) 884 1,145 1,446 1,994 Chemicals 316 1,511 2,034 1, , , ,950 4,170 5,382 1, ,869 (1,005) 1,271 1,601 1,544 3,411 Corporate and Non-controlling interest Interest and investment income/(expense) 360 (309) (624) (1,001) (219) (144) (197) (272) (832) (231) (301) (232) (149) (913) Currency exchange gains/(losses) (77) 169 (20) (166) 71 (74) (189) (188) (193) (263) Other - including taxation , ,020 Corporate 1, (203) 491 (73) 88 (134) (301) (32) (156) Non-controlling interest (118) (333) (205) (259) (49) (17) (36) (32) (134) (34) (44) 17 6 (55) 1,192 (242) (103) (462) 442 (90) 52 (166) (284) (26) (211) CCS earnings 9,804 18,643 28,533 27,164 7,951 2,394 4,248 2,152 16,745 4,465 5,147 5,266 4,163 19,041 Summary of Identified Items $ million Q Q Q Q Q Q Q Q Upstream* 1 Europe (183) (216) (7) (33) 77 (30) (187) (9) Asia (136) (159) 666 (56) (78) (30) (69) 56 (121) (45) (75) Oceania 63 2, , (17) (62) 1,387 (331) (356) 638 Africa 72 (28) (5) 75 (1) (7) 62 (7) - (72) International (184) 2,716 2,445 1, (13) (144) 1,125 (331) 666 1,316 Americas 50 (1,223) 1, (53) (1,933) (163) (647) (2,796) (139) (2,027) (63) 249 (1,980) (134) 1,493 3,855 2, (1,845) (176) (631) (2,479) (283) (902) (394) 915 (664) *Of which : Integrated gas 2 (33) 2, , (27) (88) (82) 1,233 (223) (42) 886 Downstream Oil Products (1,650) (788) (158) (362) 2 (130) (648) (2,576) (76) (185) (58) (2,895) Chemicals (32) (135) (19) (55) (2) (3) (4) - (7) (1,682) (923) (160) (365) 14 (86) (597) (2,580) (76) (192) (6) (2,854) Corporate and Non-controlling interest Corporate (234) (47) (61) (1) 5 (8) (3) Non-controlling interest (37) (271) (47) (46) (1) 5 (8) (3) CCS earnings impact (1,749) 570 3,938 1, (2,206) (209) (763) (2,747) (2,862) (979) (581) 901 (3,521)

7 Earnings by Segment (Excluding Identified Items) $ million Q Q Q Q Q Q Q Q Upstream* 1 Europe 2,939 4,041 4,495 4,681 1, , ,857 Asia 2,605 4,025 7,404 9,435 2,693 2,403 2,187 2,035 9,318 3,007 2,499 2,607 1,643 9,756 Oceania 686 1,326 1,374 1, (189) 1,026 Africa 1,163 3,097 3,931 3,914 1, , ,563 International 7,393 12,489 17,204 19,437 5,285 3,823 3,648 3,261 16,017 5,024 4,152 3,770 2,256 15,202 Americas 1,095 1,953 3, (297) (182) (784) (900) (526) 1,303 8,488 14,442 20,611 20,107 5,648 3,526 3,466 2,477 15,117 5,710 4,722 4,343 1,730 16,505 *Of which : Integrated gas 2 1,818 3,248 6,419 9,414 2,525 2,252 2,164 2,012 8,953 3,281 2,747 2,808 1,581 10,417 Downstream (CCS basis) Oil Products 1,592 2,227 2,102 3,914 1, ,674 1, ,330 1,504 4,889 Chemicals 348 1,646 2,053 1, , ,376 1,940 3,873 4,155 5,343 1,848 1, ,466 1,575 1,347 1,793 1,550 6,265 Corporate and Non-controlling interest Corporate 1, (77) 135 (73) (306) (24) (153) Non-controlling interest (118) (333) (250) (222) (64) (17) (36) (47) (164) (34) (44) 17 6 (55) 1,125 (242) (171) (191) 24 (94) 99 (120) (91) (289) (18) (208) CCS earnings 11,553 18,073 24,595 25,259 7,520 4,600 4,457 2,915 19,492 7,327 6,126 5,847 3,262 22,562 1 Europe: Europe including Greenland Asia: Middle East, Russia, CIS and East Asia Oceania: Australia and other Oceania Africa: Africa Americas: North and South America 2 Integrated Gas is part of the Upstream segment. It incorporates liquefied natural gas, including LNG marketing and trading, and gas-to-liquids operations. In addition the associated upstream oil and gas production activities from projects where there are integrated fiscal and ownership structures across the value chain are also included in Integrated Gas. These include the Sakhalin-2, North West Shelf, Pearl, Qatargas 4 and Pluto (Woodside) projects that are on stream, as well as Gorgon and Prelude projects that are currently under construction. Power generation and coal gasification activities are also included in Integrated Gas.

8 NET CAPITAL INVESTMENT $ million Q Q Q Q Q Q Q Q Capital expenditure: Upstream Europe 3,117 1,892 1,731 2,479 1, ,134 2,196 5,569 (244) ,337 Asia 6,955 4,538 4,836 3, ,092 1,106 3,300 6,336 1, ,103 4,934 Oceania 910 1,719 3,248 5,386 1,267 1,407 1,514 1,482 5,670 1,247 1,222 1,107 1,078 4,654 Africa 937 1,665 1,732 1, , ,652 International 11,919 9,814 11,547 12,894 4,070 4,158 4,575 7,416 20,219 3,654 3,608 3,704 3,611 14,577 Americas 8,345 12,509 9,134 15,036 2,953 3,397 3,022 5,042 14,414 2,741 3,022 2,847 3,031 11,641 Total 20,264 22,323 20,681 27,930 7,023 7,555 7,597 12,458 34,633 6,395 6,630 6,551 6,642 26,218 Downstream Oil Products 3,994 3,714 4,845 3, , ,627 4, ,283 3,718 Chemicals 1, , ,802 Total 5,979 4,523 5,479 4, ,391 1,122 1,986 5, ,207 1,291 2,056 5,520 Corporate Total capital expenditure 26,516 26,940 26,301 32,576 7,862 8,987 8,788 14,508 40,145 7,397 7,872 7,867 8,718 31,854 Exploration expense 2 1,186 1,214 1,462 2, , ,244 Leases and other adjustments 3 1, ,402 (957) 28 1,378 (150) 596 1,852 1,965 (337) (69) 256 1,815 New equity in joint ventures and associates 1,270 1,646 1,466 2, (31) 523 New loans to joint ventures and associates 1, (34) (76) 903 Total capital investment 31,735 30,562 31,051 36,761 8,753 11,289 9,667 16,332 46,041 10,675 8,541 8,472 9,651 37,339 Proceeds from divestments 4 : Upstream 1,625 4,487 4,280 5, , ,540 1,576 2,156 10,589 Downstream 1,278 2,401 3,206 1, ,041 (277) 2,831 Corporate (50) (6) 62 (80) 29 (20) (3) Total 2,853 6,882 7,548 6, , ,402 3,625 1,887 13,440 Total net capital investment * 28,882 23,680 23,503 29,803 8,197 10,938 9,386 15,782 44,303 10,149 1,139 4,847 7,764 23,899 * Comprising: Upstream** 22,326 21,222 19,083 25,320 7,370 9,549 8,148 14,150 39,217 9, ,447 5,355 20,704 Upstream International 13,551 8,497 11,243 11,712 4,159 5,874 4,565 8,117 22,715 5,726 (546) 3,677 3,438 12,295 Upstream Americas 8,775 12,725 7,840 13,608 3,211 3,675 3,583 6,033 16,502 3,614 1,108 1,770 1,917 8,409 Downstream 6,232 2,358 4,342 4, ,328 1,166 1,571 4, (615) 2,375 3,079 Oil Products 4,638 1,714 3,793 3, ,267 3, (934) 1,600 1,309 Chemicals 1, , ,770 Corporate Total 28,882 23,680 23,503 29,803 8,197 10,938 9,386 15,782 44,303 10,149 1,139 4,847 7,764 23,899 ** Of which : Integrated gas 5,119 2,890 4,537 4,482 1,051 2,317 1,946 5,221 10,535 3,322 (3,165) 1,263 1,352 2,772 1 In Upstream, includes the reversal of the prepayment made by subsidiaries in Europe and Asia for the acquisition of part of Repsol s LNG portfolio in Q4 2013, and the recognition of the fair values of the net assets acquired in Europe, Asia and Americas in Q1 2014, in line with the completion of the acquisition. The impact of the acquisition on net capital investment, which also reflected the inclusion of finance lease liabilities, was $3.4 billion and $2 billion in Q and Q respectively. 2 Represents the exploration expense presented in the Statement of Income, less exploration wells written off. 3 Includes finance leases and other adjustments related to timing differences between the recognition of assets and associated underlying cash flows. 4 Includes proceeds from sales of assets, joint ventures and associates investments; and other investments (excluding those in the Corporate segment)

9 ADDITIONAL SEGMENTAL INFORMATION $ million Q Q Q Q Q Q Q Q Upstream Segment earnings 8,354 15,935 24,466 22,244 5,821 1,681 3,290 1,846 12,638 5,427 3,820 3,949 2,645 15,841 Including: - Exploration 2,178 2,036 2,266 3, ,228 1,636 1,766 5, , ,323 4,224 - Depreciation, depletion and amortisation 9,875 11,144 8,827 11,387 3,019 6,220 3,214 4,496 16,949 3,599 6,494 3,768 4,007 17,868 - Share of profit of joint ventures and associates 3,852 4,900 7,127 8,001 1,886 1,363 1,174 1,697 6,120 1,630 1,231 1,338 1,303 5,502 - Production and manufacturing expenses 13,958 13,697 15,586 16,354 4,294 4,490 4,735 4,952 18,471 4,751 5,113 4,928 5,301 20,093 - Selling, distribution and administrative expenses 2,206 1,512 1,273 1, , ,055 Cash flow from operations 19,935 24,872 30,579 33,061 9,705 8,143 6,709 5,557 30,114 9,075 8,919 8,854 4,991 31,839 Less: Working capital movements 1, (2,702) 110 1,338 1,105 (584) (547) 1,312 (1,484) 510 (89) (407) (1,470) Cash flow from operations excluding working capital movements 18,444 24,526 33,281 32,951 8,367 7,038 7,293 6,104 28,802 10,559 8,409 8,943 5,398 33,309 Capital employed 96, , , , , , , , , , , , , ,819 Downstream Segment CCS earnings 258 2,950 4,170 5,382 1, ,869 (1,005) 1,271 1,601 1,544 3,411 Including: - Depreciation, depletion and amortisation 4,399 4,254 4,251 3,083 1,176 1, ,091 4,421 3, ,619 - Share of profit of joint ventures and associates ,577 1, , ,693 - Production and manufacturing expenses 11,829 10,592 10,662 9,539 2,163 2,466 2,660 2,518 9,807 2,399 2,709 2,588 2,149 9,845 - Selling, distribution and administrative expenses 14,505 13,716 12,947 12,860 3,118 3,270 3,182 3,544 13,114 3,064 3,376 2,960 3,089 12,489 Cash flow from operations 4,056 1,961 4,921 11, ,761 2, ,903 3, ,187 4,698 11,292 Less: Working capital movements (1,783) (6,177) (3,825) 3,083 (2,758) 2, (2,059) 1,260 6,739 6,777 Cash flow from operations excluding working capital movements 5,839 8,138 8,746 8,028 3,123 1,210 2, ,503 2,308 2,321 1,927 (2,041) 4,515 Capital employed 57,871 61,789 64,237 62,426 65,582 62,362 62,352 64,507 64,507 61,425 63,107 56,682 48,925 48,925 Corporate Segment earnings 1, (203) 491 (73) 88 (134) (301) (32) (156) Cash flow from operations (2,503) 517 1,271 1,968 1, (337) 2,423 1,764 (540) 770 (81) 1,913 Less: Working capital movements (2,039) (98) , (1,154) 1,276 1,522 (786) 570 (208) 1,098 Cash flow from operations excluding working capital movements (464) 615 1,215 1, , Capital employed 11,714 13,193 9,788 16,536 12,820 8,887 10,465 7,411 7,411 8,469 13,022 14,716 18,582 18,582 Shell group CCS earnings 9,922 18,976 28,738 27,423 8,000 2,411 4,284 2,184 16,879 4,499 5,191 5,249 4,157 19,096 Non-controlling interest (118) (333) (205) (259) (49) (17) (36) (32) (134) (34) (44) 17 6 (55) CCS earnings (after non-controlling interest) 9,804 18,643 28,533 27,164 7,951 2,394 4,248 2,152 16,745 4,465 5,147 5,266 4,163 19,041 Cash flow from operations 21,488 27,350 36,771 46,140 11,559 12,444 10,409 6,028 40,440 13,984 8,641 12,811 9,608 45,044 Less: Working capital movements (2,331) (5,929) (6,471) 3, , (1,682) 2, (2,335) 1,741 6,124 6,405 Cash flow from operations excluding working capital movements 23,819 33,279 43,242 42,749 11,525 8,359 9,858 7,710 37,452 13,109 10,976 11,070 3,484 38,639 Capital employed 165, , , , , , , , , , , , , , ROACE 8.4% 11.9% 16.6% 13.6% 13.0% 12.1% 10.4% 7.9% 7.9% 6.1% 7.9% 7.7% 7.1% 7.1% Balance sheet gearing ratio (net debt as percentage of total capital) 16.2% 17.8% 13.9% 9.8% 9.1% 10.3% 11.2% 16.1% 16.1% 15.6% 13.4% 11.7% 12.2% 12.2%

10 PRICE AND MARGIN INFORMATION (period average) Q Q Q Q Q Q Q Q Oil & Gas (period average) Realised liquids prices ($/bbl) Europe Asia Oceania Africa International USA Canada Other Americas Americas Global Realised gas prices ($/thousand scf) Europe Asia Oceania Africa International USA Canada Other Americas Americas Global Oil and gas marker industry prices Brent ($/bbl) WTI ($/bbl) Henry Hub ($/MMBtu) UK National Balancing Point (pence/therm) Japan Customs-cleared Crude ($/bbl) Western Canadian Select ($/bbl) Refining & cracker industry margins 3 (period average) Refining marker industry gross margins ($/bbl) US West Coast margin US Gulf Coast Coking margin Rotterdam Complex margin (0.10) Singapore (0.51) (0.30) - (1.95) (2.60) (0.95) (0.92) (1.43) (1.48) 0.91 (0.74) Cracker industry margins ($/tonne) US ethane US ethane Western Europe naphtha Western Europe naphtha North East/South East Asia naphtha North East/South East Asia naphtha Quarterly realised liquids prices in 2013 are restated compared to the Annual Report and Form 20-F for the year-end December 31, 2013, to reflect a correction in the sales amount used in the price calculation. 2 Quarter data based on available market information up to the end of the period. 3 The refining and cracker industry margins shown above do not represent actual Shell realised margins for the periods. 4 As from the first quarter 2013, Chemicals Industry Cracker margins source is ICIS Pricing for all regions and 2012 data has been provided for comparison purposes.

11 UPSTREAM OPERATIONAL DATA Q Q Q Q Q Q Q Q Liquids production available for sale (thousand b/d) Europe Asia: Middle East Russia, CIS East Asia Oceania Africa: SPDC 1 - Nigeria Other Africa International 1,254 1,301 1,252 1,206 1,183 1,085 1,055 1,105 1,107 1,028 1, , USA Canada Other Americas Americas Total liquids production 1,680 1,709 1,666 1,633 1,640 1,502 1,485 1,539 1,541 1,481 1,499 1,429 1,526 1,484 Natural gas production available for sale (million scf/d 2 ) Europe 3,470 3,814 3,338 3,311 4,578 2,818 2,352 3,742 3,367 3,694 2,492 2,134 3,417 2,931 Asia: Middle East ,004 1,283 1,323 1,233 1,143 1,245 1,392 1,515 1,165 1,388 1,365 Russia, CIS East Asia 1,781 1,722 1,624 1,374 1,510 1,373 1,385 1,448 1,429 1,443 1,405 1,198 1,574 1,405 Oceania Africa: SPDC 1 - Nigeria Other Africa International 6,811 7,528 7,397 7,721 9,207 7,299 6,739 8,243 7,866 8,542 7,462 6,299 8,305 7,648 USA 1,061 1, ,067 1,246 1, ,013 1,081 1,055 1, Canada Other Americas Americas 1,672 1,777 1,589 1,728 1,925 1,751 1,644 1,682 1,750 1,685 1,691 1,593 1,477 1,611 Total natural gas production 8,483 9,305 8,986 9,449 11,132 9,050 8,383 9,925 9,616 10,227 9,153 7,892 9,782 9,259 Total production in barrels of oil equivalent (thousand boe/d 3 ) Europe Asia: Middle East Russia, CIS East Asia Oceania Africa: SPDC 1 - Nigeria Other Africa International 2,428 2,601 2,527 2,537 2,770 2,343 2,217 2,527 2,463 2,501 2,301 2,015 2,457 2,318 USA Canada Other Americas Americas Total production 3,142 3,314 3,215 3,262 3,559 3,062 2,931 3,251 3,199 3,245 3,077 2,790 3,213 3,080 LNG Sales Volumes (million tonnes) Shell Petroleum Development Nigeria 2 scf/d = standard cubic feet per day; 1 standard cubic foot = cubic metre. 3 Natural gas converted to oil equivalent at 5.8 million scf/d = thousand boe/d.

12 DOWNSTREAM OPERATIONAL DATA Q Q Q Q Q Q Q Q Refinery processing intake (thousand b/d) Europe and Africa 1,394 1,389 1,104 1,032 1, , ,016 1, ,003 1,010 Asia Oceania Americas 1,141 1,158 1,075 1,117 1,134 1,206 1,215 1,201 1,189 1,187 1,258 1,200 1,116 1,190 3,067 3,197 2,845 2,819 2,890 2,914 2,947 2,910 2,915 2,965 3,034 2,896 2,718 2,903 Oil sales volumes (thousand b/d) Gasolines 2,071 2,115 2,074 2,076 1,993 1,995 2,186 1,908 2,021 2,092 2,125 2,103 2,099 2,104 Kerosines Gas/diesel oils 2,031 2,099 1,996 2,112 1,994 2,161 2,185 2,145 2,122 2,084 2,043 2,104 1,988 2,055 Fuel oil Other products , Total oil products * 6,156 6,460 6,196 6,235 6,004 6,212 6,398 6,038 6,164 6,319 6,453 6,295 6,392 6,365 *Comprising: Europe and Africa 2,472 2,420 2,245 2,106 1,967 2,081 2,165 2,096 2,079 1,940 1,974 2,047 2,016 1,995 Asia 1,246 1,509 1,492 1,614 1,640 1,547 1,666 1,461 1,577 1,768 1,699 1,821 1,971 1,815 Oceania Americas 2,156 2,260 2,189 2,237 2,124 2,307 2,308 2,205 2,236 2,355 2,527 2,288 2,354 2,381 Chemical sales volumes by main product category 1 ** (thousand tonnes) Base Chemicals 10,166 11,126 9,667 9,695 2,050 2,105 2,512 2,240 8,907 2,131 2,277 2,315 2,035 8,758 Intermediates and Other Chemicals Products 8,145 9,527 9,164 8,974 2,093 2,106 2,108 2,172 8,479 2,154 2,110 2,126 1,860 8,250 18,311 20,653 18,831 18,669 4,143 4,211 4,620 4,412 17,386 4,285 4,387 4,441 3,895 17,008 **Comprising: Europe and Africa 7,442 7,368 6,757 6,451 1,490 1,427 1,440 1,394 5,751 1,399 1,443 1,440 1,067 5,349 Asia 4,659 6,101 5,395 5,662 1,286 1,241 1,301 1,427 5,255 1,304 1,304 1,329 1,184 5,121 Oceania Americas 6,094 7,083 6,598 6,481 1,351 1,527 1,864 1,576 6,318 1,567 1,626 1,666 1,644 6,503 Availability (%) Refinery Petrochemicals manufacturing plant Excluding volumes sold by joint ventures and associates, chemical feedstock trading and by-products. 2 The basis of measuring Chemicals asset availability has been changed effective Q1/11, aligning availability definitions within the Downstream data has been restated for comparison purposes.

13 CAUTIONARY STATEMENT All amounts shown throughout this Report are unaudited. All peak production figures in Portfolio Developments are quoted at 100% expected production. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this document Shell, Shell group and Royal Dutch Shell are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words we, us and our are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. Subsidiaries, Shell subsidiaries and Shell companies as used in this document refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to as joint ventures and companies over which Shell has significant influence but neither control nor joint control are referred to as associates. The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks andstatements expressing management s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as anticipate, believe, could, estimate, expect, goals, intend, may, objectives, outlook, plan, probably, project, risks, schedule, seek, should, target, will and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this document, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell sproducts; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell s Form 20-F for the year ended December 31, 2013 (available at and These risk factors also expressly qualify all forward-looking statements contained in this document and should be considered by the reader. Each forward-looking statement speaks only as of the date of this document, February 2, Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forwardlooking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document. We may have used certain terms, such as resources, in this document that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F, File No , available on the SEC website You can also obtain this form from the SEC by calling SEC February 2, 2015