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Investor's Handbook RDS(PLC)FOI 2007-2011

Investor's Handbook RDS(PLC)FOI 2007-2011

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Published by Peggy Satterfield

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Published by: Peggy Satterfield on May 12, 2012
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i
Shell Investors’ Handbook
 
 
INVESTORS’ HANDBOOK 
ROYAL DUTCH SHELL PLC FINANCIAL ANDOPERATIONAL INFORMATION 2007–2011
BUILDING AN ENERGY FUTURE
 
ii
Shell Investors’ Handbook
 
 
1
Introduction from the CEO
SUMMARY REVIEW 
2
Our businesses
3
Highlights 2011
5
Strategy and outlook
8
Key projects under construction
10
Market overview 2007–2011
11
Results 2007–2011
UPSTREAM
12
Highlights
14
Exploration
16
Options for future growth
18
Integrated gas
20
Production
21
Proved reserves
22
Europe
23
Africa
24
Asia (including Middle Eastand Russia)
27
Oceania
28
Americas
DOWNSTREAM
31
Highlights
32
Re
ning
33
Supply and distribution
33
Business to Business (B2B)
34
Retail
35
Lubricants
36
Chemicals
37
Portfolio actions
37
Trading
 ALTERNATIVE ENERG
38
Biofuels
39
Wind
PROJECTS &
TECHNOLOGY 
40
Delivering projects
41
Innovative technology
41
R&D expenditure
42
Safety
42
Contracting and procurement
CORPORATE SEGMENT
43
Treasury
43
Headquarters and central functions
43
Risk and insurance
MAPS
44
Europe
46
Africa
48
Asia
52
Oceania
53
Americas
CONSOLIDATED DATA
56
Employees
57
Consolidated
nancial data
UPSTREAM DATA
65
Upstream earnings
67
Oil and gas exploration andproduction activities earnings
69
Oil sands
70
Proved oil and gas reserves
73
Oil, gas, synthetic crude oil andbitumen production
76
Acreage and wells
78
LNG and GTL
DOWNSTREAM DATA
79
Oil products and re
ning locations
81
Oil sales and retail sites
82
Chemicals and manufacturinglocations
 ADDITIONAL INVESTOINFORMATION
84
Share information
85
Dividends
86
Bondholder information
87
Financial calendar
89
Addresses
89
Abbreviations
KEY TO SYMBOLS
 
web or email address QR code. Scan this code with theQR reader app on your smartphoneand get a hyperlink to the mobileinternet
CONTENTSBUILDING ANENERGY FUTURE
GLOBAL ENERGY DEMAND ISRISING AND SO ARE CONSUMEREXPECTATIONS –
MORE PEOPLEWANT ENERGY FROM CLEANERSOURCES. AT SHELL WE WORK WITHOTHERS TO UNLOCK NEW ENERGYSOURCES AND SQUEEZE MOREFROM WHAT WE HAVE. WE DO THISIN RESPONSIBLE AND INNOVATIVEWAYS. IN BUILDING A BETTER ENERGYFUTURE WE ALL HAVE A PART TO PLAY.SHELL IS DOING ITS PART.
 ABOUT THIS PUBLICATION
 This Investors’ Handbook contains detailed information about our annual
nancialand operational performance over varying timescales from 2007 to 2011. Whereverpossible, the facts and
gures have been made comparable. The information in thispublication is best understood in combination with the narrative contained in ourAnnual Report and Form 20-F 2011.All information from this and our other reports is available for online reading anddownloading at:
http://reports.shell.com
 
INTRODUCTION FROM THE CEO
My colleagues on both the Board of Directors and the Executive Committeerecognise how important it is to keepshareholders informed of Shell’slatest developments and we regularlycommunicate with them on strategy andperformance. To aid investors in theiranalysis of Royal Dutch Shell, we publishthis Investors’ Handbook: a compilationof 
ve years’ worth of 
nancial andoperational information.But any analysis of the Company’s potentialreturn must
rst be put into context. Thecurrent macroeconomic environment isuncertain and the global economy islikely to see continued high volatility in thecoming years. Energy markets have beenaffected by unprecedented geopoliticalevents, such as the earthquake in Japan,the eurozone debt crisis and the ArabSpring. At the same time, rapid economicdevelopment in non-OECD countriesis creating robust structural growth inenergy demand. By 2030 global oil andgas demand could be 40% greater thanit is today. This growth equates to seventimes the current North Sea production.To meet that future demand will require ahuge industry investment. The decliningproduction of many traditional petroleumprovinces makes the challenge all themore dif 
cult. The industry has to growproduction from new
elds to more thanoffset the natural production declines of the
old.As a result, intense competition exists foraccess to upstream resources and newdownstream markets. But we believe ourtechnology, project-delivery capabilityand operational excellence will remainkey differentiators for Shell. As energyprojects become more complex and moretechnically demanding, we believe ourengineering expertise will be a decidingfactor in the growth of our businesses.Innovation and a competitive mindset willalso be crucial to our success.We have delivered the strategic driversthat made it possible for us to reach ourlatest performance targets: cost reduction,continual operational improvements and16 successful project start-ups. Thoseachievements allowed us to offer some$10.5 billion of dividends in 2011, whichis the largest dividend in our sector andmore than 10% of the entire dividendpayout of the FTSE 100. Our improving
nancial position also allows for ameasured increase in both our investmentlevels and cash returns to shareholdersin 2012. Over time, our performance isre
ected in the returns we generate for ourshareholders not only in terms of dividendswe pay but also in the value of Royal DutchShell shares.Shell has built up a substantial portfolioof options for the next wave of productiongrowth up to the end this decade. Thisportfolio has been designed to captureenergy price upside and manage Shell’sexposure to industry challenges, such ascost in
ation and political risk. We seesigni
cant opportunities in both green
eldexploration and established resource
www.shell.com/intro_handbook_video
positions in the Gulf of Mexico, NorthAmerican tight gas, liquids-rich shales andAustralian LNG. Shell is working to maturethese opportunities into viable projects, withan emphasis on
nancial returns. Our netspending in 2012 is expected to be $30billion to support our growth programmefor the medium term, with over 60 newprojects under construction or in design.This investment is based on new cash-
owtargets of up to $200 billion excludingworking capital for 2012–15 assuming$100 oil prices, improved US gas pricesand downstream environment from 2011.I hope you will
nd plenty of support forthese encouraging plans in the Investors’Handbook.
Peter Voser
Chief Executive Of 
 
cer 
1
Shell Investors’ Handbook
 

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