Volumetric Display

Jan 2, 2014
As previously announced, Peter Voser stepped down as Chief Executive Officer and as a
director of Royal Dutch Shell plc with effect from 1 January, 2014. He repatriated to his base
country, Switzerland, and became an employee of Shell Switzerland, from 1 January, 2014. He
will leave employment with the Shell group on 31 March, 2014.
The information required to be made available pursuant to section 430 (2B) of the Companies
Act 2006 (to the extent it has been finally determined) is set out below. This information will be
updated in the 2013 Directors’ Remuneration Report (DRR), to reflect further determinations
which will be made in accordance with the existing directors’ remuneration policy.
1. Payment for loss of office

No payment for loss of office is made or will be made to Peter Voser.
2. Remuneration Payments
(i) 2013 Annual Bonus: An annual bonus in relation to performance year 2013 will be determined
at the end of January. This information will be updated in the 2013 Directors’ Remuneration
Report.
(ii) Long Term Incentives:
▪ Outstanding LTIP awards will not vest early and will be pro-rated for service, in line with
the company’s pro-rating policy.
▪ Mr Voser has elected to defer 50% of his 2013 annual bonus, for which a Deferred Bonus
Plan (DBP) award will be made in early 2014. Outstanding DBP awards will not vest early
and are not pro-rated.
▪ Outstanding share options awarded in 2004 can be exercised in accordance with their
terms until they expire on 4 November 2014.
Reporting: The value of 2011 LTIP and DBP awards which will vest in March 2014 will be
reported in the 2013 Directors’ Remuneration Report (DRR). The value of awards which vest in
future years will be disclosed in the relevant year’s Directors’ Remuneration Reports.
(iii) Pension: Accrued pension benefits for 2013 will be reported in the 2013 Director’s
Remuneration Report.
(iv) Benefits: Standard company provisions apply in respect of relocation support: moving
household goods, temporary accommodation and transportation.
3. Shell group employment 1 January 2014 to 31 March 2014

(i) Base salary: There will be no change to his base salary in respect of 2014.
(ii) 2014 Annual Bonus: The annual bonus in respect of 2014 will be determined by REMCO, pro-
rated for service and settled upon end of employment.
(iii) Long Term Incentives: No 2014 LTIP award will be made.
(iv) Pension: Whilst employed in 2014, he will continue to participate in the company’s pension
arrangements as normal.
(v) Benefits: Whilst employed in 2014, relevant normal benefits are continued.
Enquiries
Shell Media Relations
International: +44 207 934 5550
Americas: +1 713 241 4544
Shell Investor Relations
North America: +1 713 241 1042
Jan 2, 2014
Royal Dutch Shell plc ("Shell") today announces the successful completion of the acquisition of
Repsol S.A.'s ("Repsol") liquefied natural gas (LNG) portfolio outside North America for a
headline cash consideration of $4.1 billion. As part of the transaction, Shell will also assume $1.6
billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially
increasing the shipping capacity available to Shell's world-class LNG marketing business.
The deal gives Shell an additional 7.2 million tonnes per annum (mtpa) of directly managed LNG
volumes. The company's already diverse and flexible portfolio will be boosted with LNG supply in
the Atlantic from Trinidad & Tobago, and in the Pacific from Peru. In addition, it immediately
contributes additional cash flow, while requiring limited on-going capital expenditure.
Since the announcement of the transaction in February 2013, certain value adjustments have
been made in accordance with the terms of the sales and purchase agreement. These are
expected to lead to a net cash purchase price of $3.8 billion (subject to post closing
adjustments), compared to purchase price of $4.4 billion announced in February 2013, and
balance sheet liabilities of $1.6 billion, compared to $1.8 billion at the initial announcement.
This includes the exercise of pre-emption rights of the BBE power plant in Spain by an existing
partner as well as other adjustments such as the financial performance of the portfolio and
working capital movements since the effective date of 1st October 2012.
The deal closed in 2014. Shell's capital investment in Q4 2013 will reflect $3.4 billion for this
transaction with the remainder of $2.0 billion booked in 2014 of which $1.6 billion is a non cash
item relating to finance ship leases.
Additional information
The transaction will add:
a) Net 4.2 mtpa equity LNG plant capacity, increasing the company’s equity LNG capacity by
around 20%, from 22 to 26 mtpa.
▪ Atlantic LNG trains 1-4; 14.8 mtpa capacity on a 100% basis (20-25% equity per train);
operated by Atlantic LNG Company of Trinidad and Tobago.
▪ Peru LNG 4.45 mtpa capacity, on a 100% basis (acquisition: 20% equity: 100% offtake);
operated by Peru LNG Company.
▪ A fleet of LNG carriers, comprising both long term and short term time charters.
b) 7.2 mtpa of LNG volumes through long term off-take agreements.
c) As part of this agreement, as previously disclosed, Shell has committed to supply around 0.1
mtpa of LNG to Repsol’s Canaport LNG terminal in Canada over a period of 10 years.
Enquiries
Americas: +1 713 241 4544
Jan 6, 2014
On Thursday, January 30, 2014 at 07.00 GMT (08.00 CET and 02.00 EST) Royal Dutch Shell plc
will release its fourth quarter and full year results and fourth quarter interim dividend
announcement for 2013.
These announcements will be available on http://www.shell.com/investor.
Webcast
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, will host a live video webcast
of the fourth quarter and full year 2013 results presentation on Thursday January 30, 2014 at
14:30 GMT (15:30 CET / 09:30 EST).
Analyst webcast
Enquiries:
Shell Media Relations: +44 (0)207 934 5550
Shell Investor Relations: +31 (0)70 377 4540 or +1 713 241 1042
Jan 17, 2014
Royal Dutch Shell plc (“Shell”) today updates on its expected 2013 results. Fourth quarter 2013
figures, which are expected to be published on January 30, 2014 , are expected to be
significantly lower than recent levels of profitability, considering current oil and gas prices and the
downstream oil products industry environment.
Shell’s fourth quarter 2013 earnings on a current cost of supplies (“CCS”) basis excluding
identified items are expected to be approximately $2.9 billion and were impacted by weak
industry conditions in downstream oil products, higher exploration expenses and lower upstream
volumes.
Chief Executive Officer Ben van Beurden commented: “Our 2013 performance was not what I
expect from Shell. Our focus will be on improving Shell’s financial results, achieving better capital
efficiency and on continuing to strengthen our operational performance and project delivery.”
When Shell announces its results on January 30, 2014, fourth quarter 2013 CCS earnings (see
Note 1) are expected to be approximately $2.2 billion, and full year 2013 CCS earnings are
expected to be approximately $16.8 billion.
Fourth quarter 2013 identified items are expected to be a net charge of approximately $0.7
billion, mainly reflecting impairments in Upstream. Full year 2013 identified items are expected to
be a net charge of approximately $2.7 billion, also mainly reflecting impairments in Upstream.
Excluding identified items, fourth quarter 2013 CCS earnings are expected to be approximately
$2.9 billion, reflecting lower results in each of Upstream, Downstream and Corporate compared
with the fourth quarter 2012.
Full year 2013 CCS earnings excluding identified items are expected to be approximately $19.5
billion, reflecting lower results in both Upstream and Downstream compared with the full year
2012.
Compared with the fourth quarter 2012, Upstream earnings excluding identified items were
impacted by higher exploration expenses and lower volumes. A high level of maintenance activity
during the fourth quarter 2013 affected high value oil and gas production volumes, including gas-
to-liquids, as well as LNG sales volumes. Earnings were also impacted by the weakening of the
Australian dollar. Upstream Americas continued to incur a loss. The security situation in Nigeria
remained challenging.
Compared with the fourth quarter 2012, Downstream CCS earnings excluding identified items
were mainly impacted by significantly weaker industry refining conditions, in particular in Asia
Pacific and Europe. Marketing and trading contributions were lower. Chemicals earnings
increased as a result of improved industry conditions and operating performance.
Cash flow from operating activities for the fourth quarter 2013 is expected to be approximately
$6.0 billion. Full year 2013 cash flow from operating activities is expected to be approximately
$40.4 billion.
Excluding working capital movements, cash flow from operating activities for the fourth quarter
2013 is expected to be approximately $7.7 billion, and approximately $37.5 billion for the full year
2013.
Net capital investment (see Note 1) for the fourth quarter 2013 is expected to be approximately
$15.8 billion. Full year 2013 net capital investment is expected to be approximately $44.3 billion.
Gearing is expected to be approximately 16% at the end of 2013.
SUMMARY OF EXPECTED RESULTS (UNAUDITED)

Quarters $ billion Full year
Q4 2013 Q4 20121 2013 20121
Approximately Approximately
1.8 6.7 Income attributable to shareholders 16.4 26.7

Current cost of supplies (CCS) adjustment
0.4 0.6 0.4 0.5
for Downstream
2.2 7.3 CCS earnings 16.8 27.2
(0.7) 1.7 Less: Identified items (2.7) 1.9
2.9 5.6 CCS earnings excluding identified items 19.5 25.3
Of which:
2.5 4.4 Upstream 15.1 20.1
0.5 1.2 Downstream 4.5 5.4
(0.1) - Corporate and Non-controlling interest (0.1) (0.2)
6.0 9.9 Cash flow from operating activities 40.4 46.1
15.8 10.9 Net Capital Investment 44.3 29.8
16 9.8 Gearing (%) 16 9.8
1 Prior restatement for accounting policy change

Jan 20, 2014
Royal Dutch Shell today announced that, effective immediately, Upstream International Director,
Andy Brown, is on extended leave to recuperate from a recent medical procedure.
During Andy's recuperation and until his return to work, Maarten Wetselaar, Executive Vice
President Integrated Gas and former head of finance for Upstream International, will serve as
acting Upstream International Director, in addition to carrying out his regular duties.
Enquiries
Shell Media Relations: +44 207 934 5550
Jan 20, 2014
Royal Dutch Shell plc (“Shell”) today announced it has agreed to sell its 8% equity interest in the
Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum
Wheatstone liquefied natural gas (LNG) project in Western Australia for a cash consideration of
US$1,135 million to the Kuwait Foreign Petroleum Exploration Company (KUFPEC), subject to
closing.
Royal Dutch Shell plc (“Shell”) today announced it has agreed to sell its 8% equity interest in the
Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9 million tonnes per annum
Wheatstone liquefied natural gas (LNG) project in Western Australia for a cash consideration of
US$1,135 million to the Kuwait Foreign Petroleum Exploration Company (KUFPEC), subject to
closing.
Shell Chief Executive Officer Ben van Beurden commented: “Shell will remain a major player in
Australia’s energy industry. However, we are refocusing our investment to where we can add the
most value with Shell’s capital and technology. We are making hard choices in our world-wide
portfolio to improve Shell’s capital efficiency.”
The agreement with KUFPEC, an existing Wheatstone joint-venture partner, ensures there will
be no impact on existing commercial agreements.
Enquiries
Americas: +1 713 241 4544
Jan 29, 2014
Shell announced today an agreement to sell a 23% interest in the Parque das Conchas (BC-10)
project offshore Brazil to Qatar Petroleum International for approximately US $1 billion, subject to
closing
The transaction is subject to approval by the National Petroleum and Gas Agency (ANP, Brazil’s
Oil and Gas regulator) and the Administrative Council for Economic Defense (CADE, Brazil’s
anti-trust authority).
Shell will continue to operate BC-10 with a 50% working interest and retains a significant
upstream presence in Brazil. In addition to the recent entry into the Libra oil discovery, Shell is
currently operating two floating, production, storage and offloading (FPSO) vessels in Brazil’s
offshore – the Espírito Santo at Parque das Conchas and the Fluminense at the Bijupirá/Salema
fields.
Currently, BC-10 is producing approximately 50,000 boe/d. Since coming on-stream in 2009, BC-
10 has produced more than 80 million barrels of oil equivalent (boe). Phase 2 of the project, to
tie-in the Argonauta O-North field, came online on October 1st 2013, with an expected peak
production of 35,000 boe per day. The final investment decision for Phase 3 of the BC-10 project
was taken in July 2013 and once online is expected to reach a peak production of 28,000 boe
per day.
Shell has also other interests in Brazil, particularly our Lubricants business and our joint venture
Raízen, the leading sugar cane ethanol producer.
Enquiries
Media
▪ Shell US Media Relations +1 713 241 4544
▪ Shell International Media Relations +44 20 7934 5550
▪ Shell Brazil Media Relations +55 21 3984 7413
Investor Relations
▪ North America +1 713 241 1042
▪ International + 31 70 377 4540
Jan 30, 2014
Speaking to investors today, new Shell CEO Ben van Beurden updated on the company’s
priorities: improving Shell’s financial results and achieving better capital efficiency, as well as
continuing to strengthen operational performance and project delivery.
Van Beurden, who bec
ame the new CEO of Royal Dutch Shell plc (“Shell”) on 1 January 2014, said Shell’s strategy
overall is sound. The company has a high quality portfolio and key strengths in technology and
project delivery. Shell will continue to invest in new projects that deliver more energy to
customers, and create value for shareholders. The strategy is designed to deliver through-cycle
growth in cash flow, to drive competitive returns and a growing dividend.
Van Beurden said: “Our ambitious growth drive in recent years has yielded a step change in
Shell’s portfolio and options, with more growth to come, but at the same time we have lost some
momentum in operational delivery, and we can sharpen up in a number of areas.”
“Our overall strategy remains robust, but 2014 will be a year where we are changing emphasis,
to improve our returns and cash flow performance”, he continued, highlighting three priorities:
▪ Improved financial performance, including restructuring in some areas of the company
▪ Enhancing capital efficiency, with hard choices on new projects, reduced growth
investment, and more asset sales
▪ Continued strong delivery of new projects, and integration of recent acquisitions.
The landscape the company had expected has changed. Factors such as the worsening security
situation in Nigeria in 2013, and delays to non-operated projects in several other countries, have
altered the outlook. Oil prices remain high globally, but North America natural gas prices and
associated crude markers remain low, and industry refining margins are under pressure.
Restructuring and improving profitability in North America Upstream resources plays, and Oil
Products world-wide, is a particular focus for the company.
The recent Ninth Circuit Court decision against the Department of the Interior raises substantial
obstacles to Shell’s plans for drilling in offshore Alaska. As a result, Shell has decided to stop its
exploration programme for Alaska in 2014. “This is a disappointing outcome, but the lack of a
clear path forward means that I am not prepared to commit further resources for drilling in Alaska
in 2014,” van Beurden said. “We will look to relevant agencies and the Court to resolve their
open legal issues as quickly as possible.”
The company will increase the pace of asset sales, which are expected to be $15 billion for
2014-15 combined in Upstream and Downstream. “We are making hard choices in our world-
wide portfolio to improve Shell’s capital efficiency”, van Beurden said.
With a changing operational landscape and the streamlining of Shell’s portfolio, the company will
no longer be updating against previous cash flow and net spending targets. “I want Shell to be
measured on our competitive performance”, van Beurden said.
Capital spending will be reduced. In 2013, this totalled $46 billion, including $8 billion of
acquisitions. In 2014, Shell expects total capital spending of around $37 billion, including $2
billion of previously announced acquisitions.
Innovative large-scale projects such as Pearl gas-to-liquids have been the main drivers behind
Shell’s recent increase in cash flow, which reached over $87 billion in 2012-13 combined, an
increase of 35% on 2010-11. Recent start-ups and Shell’s latest projects and acquisitions –
dominated by liquefied natural gas, and deep-water oil in the Gulf of Mexico, Brazil and Malaysia
– are expected to build on this growth in 2014.
Shell has distributed more than $11 billion to shareholders in dividends and repurchased $5
billion of shares in 2013. Reflecting confidence in the potential for free cash flow growth in 2014,
the company is expecting the Q1 2014 dividend to be $0.47/share, an increase of over 4%
compared to Q1 2013, and total dividends announced in respect of 2014 to be potentially over
$11 billion.
Enquiries
Shell Media Relations:
▪ International +44 207 934 5550
▪ Americas +1 713 241 4544
Shell Investor Relations:
▪ International +31 70 377 4540
▪ North America +1 713 241 1042
Jan 30, 2014
The Board of Royal Dutch Shell plc (“RDS”) today announced an interim dividend in respect of
the fourth quarter of 2013 of US$0.45 per A ordinary share (“A Share”) and B ordinary share (“B
Share”), an increase of US$ 0.02 on the equivalent US dollar dividend for the same quarter last
year.
The Board expects that the first quarter 2014 interim dividend will be US$0.47, an increase of
4.4% over the US dollar dividend for the same quarter in the previous year. The first quarter 2014
interim dividend is scheduled to be announced on May 1, 2014.
RDS provides eligible shareholders with a choice to receive dividends in cash or in shares via a
Scrip Dividend Programme (“the Programme”). For further details please see below.
Details relating to the fourth quarter 2013 interim dividend

It is expected that cash dividends on the B Shares will be paid via the Dividend Access
Mechanism from UK-sourced income of the Shell Group.
Per ordinary share Q4 2013

RDS A shares (US$) 0.45
RDS B shares (US$) 0.45
Cash dividends on A Shares will be paid, by default, in euro, although holders of A Shares will be
able to elect to receive dividends in pounds sterling.
Cash dividends on B Shares will be paid, by default, in pounds sterling, although holders of B
Shares will be able to elect to receive dividends in euro.
The pounds sterling and euro equivalent dividend payments will be announced on March 7,
2014.
Per ADS Q4 2013

RDS A ADSs (US$) 0.90
RDS B ADSs (US$) 0.90
Cash dividends on American Depositary Shares (“ADSs”) will be paid, by default, in US dollars.
ADS stands for an American Depositary Share. ADR stands for an American Depositary Receipt.
An ADR is a certificate that evidences ADSs. ADSs are listed on the NYSE under the symbols
RDS.A and RDS.B. Each ADS represents two ordinary shares, two A Shares in the case of
RDS.A or two B Shares in the case of RDS.B. In many cases the terms ADR and ADS are used
interchangeably.
Scrip Dividend Programme

RDS provides shareholders with a choice to receive dividends in cash or in shares via a Scrip
Dividend Programme.
Under the Programme shareholders can increase their shareholding in RDS by choosing to
receive new shares instead of cash dividends, if approved by the Board. Only new A Shares will
be issued under the Programme, including to shareholders who currently hold B Shares.
Joining the Programme may offer a tax advantage in some countries compared with receiving
cash dividends. In particular, dividends paid out as shares will not be subject to Dutch dividend
withholding tax (currently 15 per cent) and will not generally be taxed on receipt by a UK
shareholder or a Dutch corporate shareholder.
Shareholders who elect to join the Programme will increase the number of shares held in RDS
without having to buy existing shares in the market, thereby avoiding associated dealing costs.
Shareholders who do not join the Programme will continue to receive in cash any dividends
approved by the Board.
Shareholders who held only B Shares and joined the Scrip Dividend Programme are reminded
they will need to make a Scrip Dividend Election in respect of their new A Shares if they wish to
join the Programme in respect of such new shares. However, this is only necessary if the
shareholder has not previously made a Scrip Dividend Election in respect of any new A Shares
issued.
For further information on the Programme, including how to join if you are eligible, please refer to
the appropriate publication available on www.shell.com/scrip.
Dividend timetable for the fourth quarter 2013 interim

dividend
4th quarter 2013
Announcement date Jan 30, 2014
Ex-divident date Feb 12, 2014
Record date Feb 14, 2014
Scrip reference share price announcement date Feb 19, 2014
Closing of scrip election and currency election (*) Feb 28, 2014
Pounds sterling and euro equivalents announcement date Mar 7, 2014
Payment date Mar 27, 2014
* A different scrip election date may apply to registered and non registered ADS holders.
Registered ADS holders can contact The Bank of New York Mellon for the election deadline that
applies. Non registered ADS holders can contact their broker, financial intermediary, bank or
financial institution for the election deadline that applies.
Both a different scrip and currency election date may apply to shareholders holding shares in a
securities account with a bank or financial institution ultimately holding through Euroclear
Nederland. Please contact your broker, financial intermediary, bank or financial institution where
you hold your securities account for the election deadline that applies.
Taxation cash dividends

Cash dividends on A Shares will be subject to the deduction of Netherlands dividend withholding
tax at the rate of 15%, which may be reduced in certain circumstances. Provided certain
conditions are met, shareholders in receipt of A Share cash dividends may also be entitled to a
non-payable dividend tax credit in the United Kingdom.
Shareholders resident in the United Kingdom, receiving cash dividends on B Shares through the
Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-
residents may also be entitled to a tax credit, if double tax arrangements between the United
Kingdom and their country of residence so provide, or if they are eligible for relief given to non-
residents with certain special connections with the United Kingdom or to nationals of states in the
European Economic Area.
The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the fourth
quarter 2013 interim dividend of US$0.45 is US$0.05 per ordinary share and the dividend and tax
credit together amount to US$0.50. The pounds sterling and euro equivalents will be announced
on March 7, 2014.
Royal Dutch Shell plc
The Hague, January 30th, 2014
Contacts
Investor Relations
International: + 31 70 377 4540
USA: +1 713 241 1042
Media
International +44 207 934 5550
USA +1 713 241 4544
Jan 30, 2014
On Thursday, January 30, 2014 at 07.00 GMT (08.00 CET and 02.00 EST) Royal Dutch Shell plc
released its fourth quarter and full year 2013 results and fourth quarter 2013 interim dividend
announcements. On this page a summarised overview of the Royal Dutch Shell plc fourth quarter
and full year 2013 results and links to the full set of results documents.
▪ CEO video comment
▪ Fourth quarter 2013 summary of unaudited results
▪ Fourth quarter 2013 results financial documents
▪ Fourth quarter 2013 dividend announcement
▪ CEO statement
▪ Webcasts & presentations
CEO video comment
Ben van Beurden, CEO of Shell, comments on the Q4 2013 results | Investor Relations
CEO video comment

Read the transcript
Title: Fourth Quarter 2014 Results

Duration: 2:51 minutes
Description:
Ben van Beurden CEO of Shell comments on the Q4 2014 results
Ben_van_Beurden_CEO_of_Shell_comments_on_the_Q4_2014_results_290115 Film Transcript
[Graphics]
Shell logo
[Text displays]
Fourth Quarter 2014 Results
Balancing Growth & Returns
29th January 2015
[Background still image]
Shell worker in a harness climbing some stairs in working environment.
[Video footage]
Ben van Beurden’s head and shoulders.
[Text displays]
Ben van Beurden
CEO Royal Dutch Shell
[Ben van Beurden]
Hello, I am Ben van Beurden, the CEO of Royal Dutch Shell.
Today we updated on our financial results and the priorities for 2015. Let me give you the
highlights.
We set out an agenda in 2014 to balance growth and returns in Shell and our results in 2014
show that this strategy is impactful where it matters: at the bottom line.
[Video Footage]
Still of oil rig, right-hand third of the screen is then split off vertically to show two industry images
one after the other.
[Text displays]
Successfully delivering
Strong project delivery
[Ben van Beurden]
By successfully delivering against our three key priorities of better financial performance,
enhanced capital efficiency and continued strong project delivery, we are improving Shell's
competitive position in the oil & gas industry.
[Video footage]
Still of three Shell employees wearing red boiler suits and hard hats, working together on pipes.
Middle of the screen is then replaced by a still image of an oil refinery at night. Right-hand side of
screen replaced by still image of close-up night time shot of oil refinery, left-hand side of screen
replaced by still image of night time close-up of another section of the refinery. Head and
shoulders of Ben van Beurden.
[Text displays]
Full year 2014 CCS earnings
$22 billion
[Ben van Beurden]
On our 2014 results.
Full year 2014 earnings on a current cost of supplies basis and excluding identified items were
$22 billion.
We reported higher full year earnings for both Upstream and Downstream.
Cash flow from operations was $45 billion for the year and we delivered $25 billion of free cash
flow, which underpinned $15 billion of dividends and share buybacks.
So our strategy is delivering, but we are not complacent. Weaker oil prices underline that there is
more to do here.
The three themes of financial performance, capital efficiency and project delivery will remain as
Shell's priorities in 2015.
[Text displays]
Cash flow from operations: $45 billion
[Text displays]
$15 billion of dividends and share buybacks
[Text displays]
Financial performance, capital efficiency & project delivery
Shell priorities 2015
[Video footage]
Screen divided into still shots of old refinery/Shell petrol station.
[Text displays]
North America resources plays
[Text displays]
New restructuring programmes
[Ben van Beurden]
In 2015 this will include a continued drive to improve performance in Oil Products and North
America resources plays with new restructuring programmes in Upstream engines and
International resources plays.
[Video footage]
Still image of rainbow over oil and gas works. Screen then split horizontally and top half replaced
by shot of oil rig. Head and shoulders of Ben van Beurden.
[Ben van Beurden]

Today's lower oil prices create multi-billion dollar opportunities to reduce our own costs and take
out costs of the supply chain.
We are taking a prudent approach here and we must be careful not to over-react to the recent fall
in oil prices.
We plan to cap our organic 2015 spending at 2014 levels, retain flexibility for both opportunistic,
incremental plays, and to further reduce spending should market conditions warrant that step.
The agenda we set in 2014 to balance growth and returns positioned us well for the current oil
market downturn.
However, lower oil prices and the impact of our 2014 divestments will likely reduce this year's
cash flow.
Shell is taking the tough decisions here to balance growth and returns.
Thank you.
[Rolling text displays]
Thank you for visiting our site. Please understand that an investment in Royal Dutch Shell plc
securities carries with it the risk that you could sustain losses as a result of your investment.
Therefore, as investment in Royal Dutch Shell plc securities may not be appropriate for all
investors. Accordingly, before investing in our securities we urge you to read our Annual Report
and Form 20-F and consider the risks discussed within. You can find our Annual Report and
Form 20-F on the link next to this presentation.
Again, thank you for your interest in Royal Dutch Shell plc.
[Graphics]
Shell logo in top right-hand corner
[Text displays]
Definitions & cautionary note
[Graphics]
Shell logo
Copyright, Shell International Limited 2015
[Accompanying Shell logo music]
Fourth quarter 2013 summary of unaudited results

▪ Royal Dutch Shell’s fourth quarter 2013 earnings, on a current cost of supplies (CCS)
basis (see Note 1), were $2.2 billion compared with $7.4 billion in the same quarter a
year ago. Full year 2013 CCS earnings were $16.7 billion compared with $27.2 billion in
2012.
▪ Fourth quarter 2013 CCS earnings excluding identified items (see page 6) were $2.9
billion compared with $5.6 billion in the fourth quarter of 2012. Full year 2013 CCS
earnings excluding identified items were $19.5 billion compared with $25.3 billion in
2012.
▪ Compared with the fourth quarter 2012, CCS earnings excluding identified items were
impacted by higher depreciation, increased exploration expenses, lower upstream
volumes and weak industry conditions in downstream oil products.
▪ Fourth quarter 2013 basic CCS earnings per share excluding identified items decreased
by 49% versus the fourth quarter 2012. Full year 2013 basic CCS earnings per share
excluding identified items decreased by 23% versus 2012.
▪ Total dividends distributed in the fourth quarter were some $2.8 billion, of which $1.2
billion were settled under the Scrip Dividend Programme. During the fourth quarter some
27.2 million shares were bought back for cancellation for a consideration of $1.0 billion.
▪ Gearing at the end of 2013 was 16.1% compared with 9.8% at the end of 2012.
▪ A fourth quarter 2013 dividend has been announced of $0.45 per ordinary share and
$0.90 per American Depositary Share (“ADS”), an increase of 5% compared with the
fourth quarter 2012.
▪ The first quarter 2014 dividend is expected to be declared at $0.47 per ordinary share
and $0.94 per American Depositary Share (“ADS”), an increase of 4% compared with the
first quarter 2013.
Fourth quarter 2013 results financial documents

Quarterly Results Announcement (results in full)
Supplementary financial and operational disclosure
Fourth quarter 2013 dividend announcement

Fourth quarter 2013 interim dividend announcement
CEO statement
“Our momentum slowed in 2013. We must improve our financial results, achieve better capital
efficiency and continue to strengthen our operational performance and project delivery.”
Webcasts & presentations

Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, hosted a live video webcast
of the fourth quarter and full year 2013 results analyst and media presentations on Thursday
January 30, 2014 at 14:30 GMT (15:30 CET / 09:30 EST).
Analyst webcast presentation slides
Analyst webcast transcript
Media webcast presentation slides

Media webcast transcript
Feb 4, 2014
Shell today announces it has begun production from the Mars B development through Olympus –
the company’s seventh, and largest, floating deep-water platform in the Gulf of Mexico. It is the
first deep-water project in the Gulf to expand an existing oil and gas field with significant new
infrastructure, which should extend the life of the greater Mars basin to 2050 or beyond.
Combined future production from Olympus and the original Mars platform is expected to deliver
an estimated resource base of 1 billion barrels of oil equivalent (boe).
“With two large platforms now producing from the deep-water Mars field, this project
demonstrates our deep-water project delivery and leadership,” said John Hollowell, Executive
Vice President for Deep Water, Shell Upstream Americas. “We safely completed construction
and installation of the Olympus platform more than six months ahead of schedule, allowing us to
begin production early from the development’s first well. Olympus is the latest, successful start-
up of our strong portfolio of deep-water projects, which we expect to generate substantial value
in the coming years. Deep water will continue to be a core growth opportunity for Shell.”
In addition to the Olympus drilling and production platform, the Shell Mars B development (Shell
71.5% operator, BP 28.5%) includes subsea wells at the West Boreas and South Deimos fields,
export pipelines, and a shallow-water platform, located at West Delta 143, near the Louisiana
coast. Olympus sits in approximately 945 metres (3,100 feet) of water. Using the Olympus
platform drilling rig and a floating drill rig, additional development drilling will enable ramp up to
an estimated peak of 100,000 boe per day in 2016. The Mars field produced an average of over
60,000 boe per day in 2013.
Also in the Gulf of Mexico, progress on the 50,000 boe/d Cardamom project (Shell 100%)
continues toward a 2014 production date, and work is underway on the 50,000 boe/d, deep-
water Stones development (Shell 100%) following the final investment decision last May.
Video, photos, sidebars and a fact sheet
Enquiries
Media:
Shell US Media Relations +1 713 241 4544
Shell International Media Relations +44 20 7934 5550
Investor Relations:
North America +1 713 241 1042
International + 31 70 377 4540
Additional facts
▪ Learn more about the people and technology of Olympus.
▪ The Olympus platform is located in Mississippi Canyon in approximately 945 metres
(3,100 feet) of water.
▪ Olympus is positioned within a few miles of two other production platforms, Mars and
Ursa.
▪ The Olympus tension-leg platform (TLP) has 24 well slots and a self-contained drilling rig.
▪ The Mars B development is located about 210 kilometres (130 miles) south of New
Orleans.
▪ The Mars B development involved more than 25,000 personnel in 37 states, during the
construction phase.
▪ 192 people will live and work on the Olympus platform.
▪ Shell discovered the Mars field in 1989; production began in 1996.
▪ The development’s reservoirs are located at a subsurface depth of 3,050 to 6,700 metres
(10,000 to 22,000 feet), which is approximately 3 to 7 kilometres (2 to 4 miles), below the
sea floor.

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague
and is listed on the London, Amsterdam and New York stock exchanges. Shell companies have
operations in more than 70 countries and territories with businesses including oil and gas
exploration and production; production and marketing of liquefied natural gas and gas to liquids;
manufacturing, marketing and shipping of oil products and chemicals and renewable energy
projects. For further information, visit www.shell.com.
Feb 19, 2014
The Board of Royal Dutch Shell plc (“RDS”) today announced the Reference Share Price in
respect of the fourth quarter interim dividend of 2013, which was announced on January 30th,
2014 at $0.45 per A ordinary share (“A Share”) and B ordinary share (“B Share”) and $0.90 per
American Depository Share (“ADS”).
Reference Share Price

The Reference Share price is used for calculating a Participating Shareholder’s entitlement under
the Scrip Dividend Programme, as defined below.
Q4 2013
Reference Share price (US$) 35.546
The Reference Share Price is the US dollar equivalent of the average of the closing price for the
Company’s A Shares listed on Euronext Amsterdam for the five dealing days commencing on
(and including) the date on which the Shares are first quoted ex-dividend in respect of the
relevant dividend.
The Reference Share Price is calculated by reference to the Euronext Amsterdam closing price
in euro. The US dollar equivalent of the closing price on each of the dealing days referred to
above is calculated using a market currency exchange rate prevailing at the time.
Reference ADS Price

ADS stands for “American Depositary Share”. ADR stands for “American Depositary Receipt”. An
ADR is a certificate that evidences ADSs (though the terms ADR and ADS are often used
interchangeably). ADSs are listed on the NYSE under the symbols RDS.A and RDS.B. Each
ADS represents two ordinary shares, two ordinary A Shares in the case of RDS.A or two ordinary
B Shares in the case of RDS.B
The Reference ADS Price equals the Reference Share Price of the two A Shares underlying
each new A ADS. A court ruling has established that Stamp Duty Reserve Tax (SDRT) is not due
on the issue of shares to a US depositary. Therefore, the Reference ADS price no longer
includes an adjustment for the deduction of SDRT (or the Dutch withholding tax associated with
the payment of SDRT). Given these changes, there is no longer a need to have an Alternative
Reference ADS Price. The Reference ADS Price will instead apply to all A ADSs and B ADSs.
ADS holders may wish to consider reclaiming SDRT amounts deducted on previous issues under
the Scrip Dividend Programme. Further details can be found within the dividend section of the
Royal Dutch Shell plc website: www.shell.com/dividend.
Scrip dividend programme
Dividend Programme.
receive new shares instead of cash dividends if declared by RDS. Only new A Shares will be
issued under the Programme, including to shareholders who currently hold B Shares.
declared by RDS.
Shareholders who held only B shares and joined the Scrip Dividend Programme are reminded
they will need to make a Scrip Dividend Election in respect of their new A shares if they wish to
shareholder has not previously made a Scrip Dividend Election in respect of any new A shares
issued.
The Hague, February 19th, 2014
Enquiries
International, UK, European Press: +44 207 934 5550
Europe - Peter van Driel: + 31 70 377 4540
North America - Ken Lawrence: +1 713 241 1042
Feb 20, 2014
Shell and Kuwait Petroleum International (KPI) announce today that their respective affiliates
have reached an agreement for the sale of shares in the companies containing the Retail, Supply
and Distribution logistics and Aviation businesses in Italy. The sale is subject to regulatory
approval and is expected to complete in 2014.
Under the agreement Shell’s Retail network will be re-branded to Q8.
Shell’s non-service station Lubricants, Marine, Gas & Power and Upstream businesses in Italy
are not impacted by the sale and will continue to operate as before. Shell will continue to operate
its Lubricants business through Shell Italia Oil Products and its Gas & Power business through
Shell Energy Italia. Shell Italia E&P has a material Upstream presence in the country with a
strategy to grow and maximise the potential where we have an existing and growing production
presence.
Italy remains an important country for Shell.
The sale is consistent with Shell’s strategy to concentrate Shell’s Downstream footprint on a
smaller number of assets and markets where we can be most competitive. Recent divestment
examples include the sale of refineries in the UK, Germany, France, Norway and the Czech
Republic and Downstream businesses in Egypt, Spain, Greece, Finland and Sweden as well as
the establishment of a Downstream joint venture across Africa.
All details of the sale are subject to commercial confidentiality.
Enquiries
Media:
Shell International Media Relations +44 20 7934 5550
Shell US Media Relations +1 713 241 4544
Investor Relations:
International + 31 70 377 4540
North America +1 713 241 1042
and is listed on the London, Amsterdam and New York stock exchanges. Shell companies have
Feb 21, 2014
Shell today announced it has reached a binding agreement to sell its Australia downstream
businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion
(US$2.6 billion).
The sale covers Shell’s Geelong Refinery and 870-site retail business - along with its bulk fuels,
bitumen, chemicals and part of its lubricants businesses in Australia. It also includes a brand
license arrangement and an exclusive distributor arrangement in Australia for Shell Lubricants.
It does not include the Aviation business, which will remain with Shell Group, or the lube oil
blending and grease plants in Brisbane, which will be converted to bulk storage and distribution
facilities. The majority of Shell’s downstream staff in Australia will continue to operate the
business under its new owner.
Shell’s upstream operations in Australia, in which it will continue to invest, are not impacted by
this announcement.
Ben van Beurden, Shell’s Chief Executive Officer, said: “Australia remains important to Shell, but
we are making tough portfolio choices to improve the company’s overall competitiveness.
“Our customers will continue to benefit from the quality associated with the Shell brand and we
are confident Vitol will invest in and grow the business.”
Vitol President and CEO Ian Taylor said: “This is an exciting acquisition for us, a good company
led by an experienced management team and underpinned by the value of the Shell brand.
Australia is a growing economy and we look forward to working with the management team to
strengthen and grow the business.”
Shell’s Australia Country Chair, Andrew Smith, acknowledged the enormous contribution that
Shell’s downstream employees had made to the company over the past 113 years.
Smith said: “Like any business that operates for over a century, Shell’s business has changed
over the years, and we are pleased to have found a buyer for the Geelong Refinery. Through the
brand agreement reached with Vitol, the Shell brand will continue to be displayed across the
company’s service station network and customers will still have access to quality Shell fuels and
lubricants.
“Shell will continue to play a major role in the development of Australia’s expanding liquefied
natural gas industry, and we look forward to strengthening our presence in the years ahead.”
The deal is subject to regulatory approvals and is expected to close in 2014.
Recent downstream divestments by Shell include the sale of refineries in the UK, Germany,
France, Norway and the Czech Republic; downstream businesses in Egypt, Spain, Greece,
Finland and Sweden, as well as the creation of a downstream joint venture – with Vitol and other
partners – across Africa, and the planned sale of some downstream businesses in Italy and
Norway.
Notes To Editors:
and is listed on the London, Amsterdam and New York stock exchanges.
Shell companies have operations in more than 70 countries and territories with businesses
including oil and gas exploration and production; production and marketing of liquefied natural
gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and
renewable energy projects. For further information, visit www.shell.com.
Vitol Group
The Vitol Group was founded in 1966 in Rotterdam, the Netherlands. Since then the company
has grown significantly to become a major participant in world commodity markets and is now the
world’s largest independent energy trader.
Its trading portfolio includes crude oil, oil products, LPG, LNG, natural gas, coal, electricity,
agricultural products, metals and carbon emissions. Vitol trades with all the major national oil
companies, the integrated oil majors and the independent refiners and traders. Globally Vitol
trades over 5 million barrels of crude oil and oil products per day and revenues in 2012 were
$303 billion. Further details on Vitol are available on www.vitol.com.
Media Enquiries:
Shell
Shell Australia Media Relations
+61 417 007 344
Shell International Media Relations
+44 (0) 20 7934 5550
Vitol
Andrea Schlaepfer
+44 7525 403796
acs@vitol.com
Fabian Gmuender
+44 7912 275395
fbg@vitol.com
Cohn & Wolfe, Geneva
Michael Holler
+41 22 908 4075
michael.holler@cohnwolfe.com
Brunswick Group LLP, London
Patrick Handley
+4420 7404 5959
phandley@brunswickgroup.com
Elizabeth Adams
+4420 7404 5959
eadams@brunswickgroup.com
Bluetext, Washington DC
Don Goldberg
+1 202 365 5224
don@bluetext.com
Feb 24, 2014
Shell has signed an agreement with the UK Government to progress the Peterhead Carbon
Capture and Storage (CCS) project to the next phase of design.
The project, led by Shell, with strategic support from SSE, owners of the Peterhead gas power
station in Aberdeenshire, aims to capture 10 million tonnes of CO2 over 10 years. This will
generate enough clean electricity to power the equivalent of 500,000 homes a year. If successful,
the project will represent the first industrial-scale application of CCS technology at a gas power
station anywhere in the world.
”The signing of this agreement is a hugely important step towards the UK delivering the world’s
first CCS demonstration facility on a gas-fired power station. The project has the potential to
make gas, already the cleanest burning fossil fuel, even cleaner,” said Ed Daniels, Chairman of
Shell UK.
“CCS could be critical to reducing carbon emissions at a time of growing global demand for
energy. The successful demonstration of the technology at Peterhead would be a step towards
proving its commercial viability as a tool for mitigating climate change. It could also help diversify
the North Sea oil and gas industry and so contribute to the sector’s long-term commercial
health.”
“SSE is proud to be working with Shell on proposals to install this cutting-edge technology at our
Peterhead plant,” said Paul Smith, Managing Director, Generation, SSE. “CCS could play a
major role in ensuring secure, low carbon energy in the future and we are pleased to be playing
our part in its development"
The proposed initiative at Peterhead is part of a portfolio of major CCS projects supported by
Shell. Others include the Quest oil sands project in Alberta, Canada, and the Gorgon project in
Australia.
The agreement signed by Ed Davey, Secretary of State for Energy and Climate Change, at
Shell’s offices in Aberdeen today, marks the start of a period of Front-End Engineering and
Design (FEED), which is expected to continue until 2015. Subject to positive final investment
decisions by Shell and the UK Government and the receipt of all relevant consents and permits,
the project is expected to be up and running by the end of the decade.
ENQUIRIES:
For more information please contact Shell Media Relations on +44 (0)207 934 5550.
View for images, b-roll, diagrams and maps
Notes to Editors
and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have
projects.
About CCS
▪ 500,000 homes is roughly equivalent to all the homes in Edinburgh and Glasgow
combined. This is based on DECC data on domestic energy consumption and the
following calculations from the project:
▪ based on 340MW PH unit 13 net output after installing CCS, 85% load factor,
90% capture efficiency = 340MW *8760hrs * 0.85 * 0.9 = 2.28 mln MWh / annum
(clean electricity);
▪ 2.28 * 106 * 103 kWh / 4226 kWh/household = 540,000 households.
▪ The Peterhead CCS Project is part of the UK Government’s CCS Commercialisation
Competition and in March 2013 was shortlisted as one of the two preferred projects
bidding for funding.
▪ CCS is a process that captures carbon dioxide emissions from large industrial sources,
like power stations, smelters and many other industrial sites. Once captured, the CO2 is
transported, typically by pipelines, before being permanently stored in deep, underground
formations such as depleted oil and gas reservoirs.
▪ The individual components of CCS technology are well understood, tried and tested in
many areas across the industry for several decades. Bringing these elements together
into a full-chain CCS process on gas is what the Peterhead project proposes to do.
▪ CAPTURE – The Peterhead CCS project is based on post-combustion capture and will
use amines to absorb the CO2, a method that has been used by the industry for around
50 years. It is therefore a mature and cost-effective solution. It has already been
demonstrated as feasible, having been deployed in several small installations in the USA
and it is recognised as the best available technology for post-combustion CO2 capture.
▪ TRANSPORT – Following feasibility studies on a variety of options, Shell proposes to
build a short length of new pipeline from Peterhead Power Station and link this into the
existing offshore pipeline from St Fergus to the Goldeneye reservoir, approximately 12
miles (20 KM) from shore.
▪ STORAGE – CO2 will be stored in the depleted Goldeneye reservoir, which lies about 62
miles (100 KM) from the shore in the outer Moray Firth, and 2.5km beneath the seabed.
The reservoir has the key geological features necessary for storing CO2 permanently: a
body of high-quality porous rock overlain by impermeable rock to seal the CO2 in place.
Goldeneye was a producing gas field from 2004 to 2011. Injection is the reverse of
production: during production, natural gas was drawn from the rock and naturally
replaced by salt water; injection of CO2 will drive the salt water back out of the store and
into the adjacent rock formations from whence it came. The Goldeneye gas store will be
monitored throughout its life.
▪ EMPLOYMENT – While most of the infrastructure for the project is already in place,
construction is expected to create between 100 and 150 jobs. When operational, the
proposed project is expected to support 20 to 30 jobs over a ten-year period.
Mar 5, 2014
On Wednesday, April 30, 2014 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc
will release its first quarter results and first quarter interim dividend announcement for 2014.
Webcast
Simon Henry, Chief Financial Officer of Royal Dutch Shell plc, will host a live audio webcast of
the first quarter 2014 results on Wednesday April 30, 2014 at 12:00 BST (13:00 CEST / 07:00
EDT).
Analyst webcast first quarter 2014 results
Enquiries
Shell Investor Relations: +31 70 377 4540 or +1 713 241 1042
Mar 7, 2014
The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro
equivalent dividend payments in respect of the fourth quarter 2013 interim dividend, which was
announced on January 30, 2014 at US$0.45 per A ordinary share (“A Share”) and B ordinary
share (“B Share”).
Dividends on A Shares will be paid, by default, in euro at the rate of €0.3244 per A Share.
Holders of A Shares who have validly submitted pounds sterling currency elections by February
28, 2014 will be entitled to a dividend of 26.88p per A Share.
Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 26.88p per B
Share. Holders of B Shares who have validly submitted euro currency elections by February 28,
2014 will be entitled to a dividend of €0.3244 per B Share.
This dividend will be payable on March 27, 2014 to those members whose names were on the
Register of Members on February 14, 2014.

Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at
the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are
met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend
tax credit in the United Kingdom.
Shareholders resident in the United Kingdom, receiving dividends on B Shares through the
The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the fourth
quarter 2013 interim dividend of US$0.45 (26.88p or €0.3244) is US$0.05 (2.99p or €0.0360) per
ordinary share and the dividend and tax credit together amount to US$0.50 (29.87p or €0.3604).
ENQUIRIES:
International, UK, European Press +44 207 934 5550
Europe: + 31 70 377 4540
Mar 13, 2014
Royal Dutch Shell plc published its Annual Report and Form 20-F for the year ended December
31, 2013.
The 2013 Annual Report and Form 20-F can be downloaded
from www.shell.com/annualreport.
Separately, a 2013 Strategic Report can be downloaded from www.shell.com/annualreport.
Printed copies of the 2013 Annual Report and Form 20-F and 2013 Strategic Report will be
available from April 15, 2014 and can be requested, free of charge,
at www.shell.com/annualreport.
The Annual Report and Accounts will be submitted to the Annual General Meeting to be held on
May 20, 2014.
Enquiries
Americas: +1 713 241 4544
Mar 13, 2014
Royal Dutch Shell plc filed its Annual Report on Form 20-F for the year ended December 31,
2013 with the U.S. Securities and Exchange Commission.
The 2013 Annual Report and Form 20-F can be downloaded
from www.shell.com/annualreport or www.sec.gov.
Separately, a 2013 Strategic Report can be downloaded from www.shell.com/annualreport.
Printed copies of the 2013 Annual Report and Form 20-F and 2013 Strategic Report will be
available from April 15, 2014 and can be requested, free of charge,
at www.shell.com/annualreport.
The Annual Report and Accounts will be submitted to the Annual General Meeting to be held on
May 20, 2014.
Enquiries
Media
USA: +1 713 241 4544
Investor Relations
Mar 13, 2014
Shell’s CEO Ben van Beurden today reinforces his priorities for the company in presentations to
financial markets.
Shell’s strategy is founded on technological expertise, disciplined capital investment, integrated

operations, and large scale. This is underpinned by an unrelenting focus on safety. Investment in
long term opportunities is balanced with short term delivery.
Van Beurden said: “Shell has a strong asset base and industry leadership in many of its growth
themes. While this position of strength gives confidence for the future, it is also clear that we
need to get a tighter grip on performance management in Shell. I am determined that, by
focusing sharply on our three key priorities – better financial performance, in particular in our
Upstream Americas and Downstream businesses, enhanced capital efficiency, and continuing
strong project delivery, we will continue to grow our cash flow and improve our returns.”
Shell will drive sharper performance management of the company’s portfolio than in the past,
through a more detailed segmentation of the business, into performance units.
Van Beurden said: “With sharper accountability in the company, this approach will target growth
investment more effectively, focus on areas of the business where performance improvement is
most required, and drive asset sales from non-strategic positions.”
Shell’s investment strategy recognizes three distinct time horizons that can be characterized as
follows:
▪ Maintaining the existing cash “engines” businesses, where Upstream is delivering high
returns and strong cash flow, with further potential from improved operational uptime and
selective growth, and where Downstream faces headwinds in Oil Products.
▪ Delivering near-term cash flow from “growth priorities” – deep-water and integrated gas,
with industry-leading positions and capabilities, high returns and cash flow, and rich
development funnels. Integrated gas earnings, for example, have increased by some
400% from 2009, to $9 billion in 2013.
▪ Identifying and maturing “future opportunities” for the longer term, including Nigeria, Iraq,
Kazakhstan and global resources plays, where returns in 2013 were impacted by factors
such as losses in North America and the security situation in Nigeria.
Van Beurden said: “Shell has considerable strengths in portfolio, technology and management
capabilities. However, we must improve profitability in several areas. We are taking stock of our
investment opportunities and operating positions. Are our assets attractive economically, and are
they resilient to industry cycles? Are our plans credible, are they competitive and are they
affordable? This approach is driving hard choices on today’s asset base, new opportunities, and
disposals plans, where we have recently announced exits from Australia and Italy downstream,
Wheatstone LNG in Australia, and US gas-to-liquids.”
Highlighting two areas that need improvement, the company updated on Upstream Americas and
Downstream today.
▪ Upstream Americas profitability has been impacted by losses in resources plays such
as shales. Shell is shrinking this portfolio and cost base, with 2014 spending to be
reduced by 20% compared to 2013, and redirecting onshore investment to the lowest
cost gas acreage with the best integration potential, and into on-going exploration in
liquids-rich shales. At the same time, profitable growth should continue in deep-water and
heavy oil, where an industry-leading development programme is underway.
▪ Shell’s Downstream results include strong performance from businesses such as

chemicals, lubricants and biofuels, but weaker and more volatile delivery from refining
and fuels marketing. By disaggregating this portfolio into distinctive performance units,
the company intends to drive hard choices on capital allocation for selective growth, and
divestment of non-strategic positions, to improve cash flow and returns.
The $35 billion organic investment programme for 2014 and the $15 billion divestment targets for
2014-15, announced earlier this year, reflect an on-going commitment to grow the company and
at the same time to increase divestments to more typical levels, after a slow down in 2013. Asset
sales announced so far in 2014 total some $4.5 billion. Project start-ups from 2010 onwards
added $9 billion (over 20%) to our 2013 cash flow, with more growth to come, from Shell’s
industry-leading project flow.
Commenting on the financial position of the company, Van Beurden said: “We’ve delivered
industry-leading cash flow growth in recent years, and we want to pick up the pace again both on
cash flow and returns, driven by financial performance, capital efficiency and project delivery.
Shell’s dividend growth – expected to be some 4% for Q1 2014 – underscores that momentum
and the potential for the future.”
Shell 2014 Strategy update | Investor Relations

https://youtu.be/T6M9GPKEOqI
Shell 2014 Strategy update

Read the transcript
Transcript YouTube video published on www.youtube.com/shell

March 13, 2014: https://www.youtube.com/watch?v=T6M9GPKEOqI
Shell 2014 Strategy update

We’re holding a management day today with shareholders and analysts, and let me give you a
summary of that.
Shell adds value through technology, disciplined capital investment, integrated operations and
scale and our strategy is to deliver cash flow growth through the cycle, and competitive returns.
And all of this is of course underpinned by an unrelenting focus on safety.

We’ve achieved a lot in the last few years and Shell has considerable strengths in portfolio,
technology
and management capabilities.
This is an ambitious company, with plans for further growth.
However, our 2013 results underlined the need to shift the emphasis in 2014.
We’ve laid out an agenda for 2014 and beyond for a better financial performance in particular in
our
Upstream Americas and Downstream businesses to enhance our capital efficiency and to
continue with
strong project delivery so that we can continue to grow our cash flow and improve our returns.
In Upstream Americas, let me highlight that we are seeing good profitability and growth potential
in
both deep-water and heavy oil, for example with the start up of the Mars B field recently in the
Gulf.
The resources plays positions, such as shales, are in a loss and we have restructuring
programmes
underway there, including asset sales and a 20% spending reduction.
In Downstream, businesses like chemicals and biofuels are actually performing well, but there is
a large
range of performance in refining high and low returns and we need to improve right across the
portfolio.
Overall, we are taking stock, all the way through our development and production pipeline and
are
challenging ourselves if our assets are attractive economically, and are they resilient to industry
cycles?
Are our plans for new projects credible, are they competitive and are they affordable?
In this way, we aim to continue to balance cash flow growth with improved returns, to add value
for our shareholders.
Thank you.
Management Day video webcast

Open the archived webcasts or view the presentation slides
Enquiries
Americas: +1 713 241 4544
Mar 27, 2014
Royal Dutch Shell plc announces that it has today issued 37,952,003 A Ordinary shares in
relation to the scrip dividend programme for the fourth quarter 2013 interim dividend.
Following this issue, the total number of A shares in issuance is 3,935,963,216 and the total
number B shares is 2,440,410,614. Royal Dutch Shell plc holds no ordinary shares in Treasury.
This announcement will be available on http://www.shell.com/investor.
March 27, 2014
Mark Edwards
Deputy Company Secretary
Enquiries
USA: +1 713 241 4544
Apr 1, 2014
Royal Dutch Shell today announced that Andy Brown has resumed his role as Upstream
International Director, following his recuperation from a successful medical procedure earlier this
year.
Maarten Wetselaar, who in addition to his regular duties served as acting Upstream International
Director in Andy’s absence, has reverted to the role of Executive Vice President Integrated Gas.
Enquiries
Apr 7, 2014
Shell announced today that the Majnoon oilfield it operates in partnership with South Oil
Company (SOC), Petronas and Missan Oil in Southern Iraq has successfully exported its first
shipment of crude oil to Shell trading, a significant milestone for the oilfield.
The achievement comes as production at the Majnoon oilfield has reached a current average of
210,000 barrels of oil per day, well in excess of the 175,000 barrels per day (bpd) First
Commercial Production target which initiates the commencement of cost recovery and was
achieved after extensive rehabilitation works at the oilfield.
“This is a historic event for Iraq’s energy industry. The lifting of Shell’s first oil shipment from
Majnoon has great significance to us and our partners in the Government as it is a testimony to
our shared progress and signals the start of Majnoon’s long-term journey toward generating
further revenue for Iraq’s economy, and as an investment in Iraq’s future” said Hans Nijkamp,
Vice President and Chairman of Shell in Iraq.
Mr. Nijkamp added that progress on the Majnoon field would not have been possible without the
support of the South Oil Company and our partners Petronas and Missan Oil Company.
Shell and its partners successfully recommenced production from Majnoon in September 2013
following the completion of major overhaul works, including 28 square kilometres of mine
clearance, extensive refurbishment of brownfield facilities to meet safety standards, and the
construction of a new greenfield central processing facility – the largest to be built in Iraq in the
last decade – to allow for increased production capacity. To date, 18 new wells have been drilled,
while the project has created more than 2,850 jobs for Iraqi’s from the neighbouring communities.
Notes to editors
Development at the Majnoon oilfield involved clearing more than 28 square kilometres of land,
equivalent to 9,000 soccer pitches, of leftover explosive munitions of war, while 48,000 tonnes of
steel – equivalent in weight to six Eiffel Towers – was transported to the field. Material was
shipped to the field via the historic Shatt al-Arab waterway, which had previously been closed to
commercial transport for 31 years. In addition to employing around 300 Iraqi staff seconded from
the South Oil Company, the Majnoon project created more than 2,850 jobs for people from
neighbouring communities.
About Shell in Iraq

Shell has a long history in Iraq which began via a partnership with the Iraq Petroleum Company
(IPC) during the 1920’s. Today, Shell is one of the largest investors in Iraq with a 45% stake in
the Majnoon field with partners Petronas 30% and Iraqi state partner Missan Oil 25%. In addition,
Shell holds a 44% stake in the Basrah Gas Company with partner South Gas Company 51% as
the operator and Mitsubishi 5%.
Shell is also a partner in the West Qurna-1 field redevelopment holding a minority 15% stake,
with Exxon as the operator and the Iraqi State Partner. Shell Global Solutions signed three
license agreements with the state-owned North Refineries Company of Iraq in Kirkuk to provide a
kerosene hydrotreater and a vacuum gasoil hydrocracker unit.
The licensed technologies will provide Kirkuk with an integrated solution that will help optimise
operations at the new refinery. Shell lubricants are available in Iraqi via official distributors.
Beyond our business interests, Shell is actively involved in training programs to increase local
technical capacity, including women’s education and protection of Iraq’s environmental
biodiversity in partnership with the United Nations.
Enquiries
Mr. Nureddin Wefati
Head of Media Relations for Middle East & North Africa
Shell EP International
Tel: +97147055347
Mr. Ali Khan
Spokesperson Middle East & North Africa
Shell EP International Ltd
Tel: +971 4 405 4563
Apr 9, 2014
Royal Dutch Shell has published its Sustainability Report for 2013, which describes how it is
working responsibly to help meet the world’s growing demand for energy.
Shell has also published details of payments made to governments in 2013 in some of the key
countries where it operates. This is the third consecutive year that Shell has made this voluntary
disclosure.
The Sustainability Report covers Shell’s environmental and social performance for the year and
outlines the company’s approach globally. This includes having processes and tools in place to
manage safety, the environment and community involvement. It also includes sharing benefits
where Shell operates by creating jobs, paying taxes and royalties, sourcing from local suppliers
and supporting community development projects.
Shell continues to contribute to a more sustainable energy future: developing cleaner energy
solutions that can be deployed now – such as natural gas and low-carbon biofuel – and investing
in emerging opportunities, such as carbon capture and storage.
In his foreword to the Sustainability Report, Shell’s Chief Executive Officer Ben van Beurden
said: “We have experienced a challenging year, in a difficult business environment. We will
continue to focus on operational performance while embedding sustainability within Shell.
Running a safe and efficient business is at the core of good operational performance.”
The report is reviewed by an external committee of experts from business and non-governmental
organisations. The Global Reporting Initiative (GRI) has confirmed an A+ application level of its
G3.1 Reporting Guidelines. This is the 17th edition of the Shell Sustainability Report.
To read the full report go to www.shell.com/sustainabilityreport
To read details of Shell’s payments to governments go to www.shell.com/payments
Hard copies of the Shell Sustainability Report 2013 can be ordered
from: http://reports.shell.com
Enquiries
Shell International Media Relatiokns: +44 20 7934 5550
Notes to editors
Apr 17, 2014
Shell today announced an exploration discovery offshore Malaysia. The successful ‘Rosmari-1’
well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123
metres.
The well encountered more than 450 metres of gas column. With further exploration planned, the
finding is a positive indicator of the gas potential in an area of strategic interest for Shell.
“Rosmari-1 is a testament to our ability to successfully drill and build understanding of new
geology within our existing exploration heartlands, adding value to our existing assets in
Malaysia,” said Andy Brown, Director Shell Upstream International. “We are expanding and
rejuvenating heartlands across our exploration portfolio, including in Brunei, Australia and the
Gulf of Mexico.”
“This adds to Shell’s sequence of recent exploration successes in Malaysia, with these
discoveries expanding the company’s heartlands positions,” said Iain Lo, Chairman Shell
Malaysia.
Block SK318 is Shell operated with an 85% interest, with the remaining 15% held by PETRONAS
Carigali Sdn Bhd.
Enquiries
Americas: +1 713 241 4544
Apr 30, 2014
the first quarter of 2014 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B
year.
RDS provides eligible shareholders with a choice to receive dividends in cash or in shares via a
Scrip Dividend Programme (“the Programme”). For further details please see below.
Details relating to the first quarter 2014 interim dividend


The pounds sterling and euro equivalent dividend payments will be announced on June 10,
2014.
Per ADS Q1 2014

Cash dividends on American Depository Shares (“ADSs”) will be paid, by default, in US dollars.
RDS.A and RDS.B. Each ADS represents two ordinary shares, two A Shares in the case
of RDS.A or two B Shares in the case of RDS.B. In many cases the terms ADR and ADS are
used interchangeably.
Scrip Dividend Programme

Dividend Programme.
receive new shares instead of cash dividends, if approved by the Board. Only new A Shares will
be issued under the Programme, including to shareholders who currently hold B Shares.
approved by the Board.
Shareholders who held only B Shares and joined the Scrip Dividend Programme are reminded
they will need to make a Scrip Dividend Election in respect of their new A Shares if they wish to
shareholder has not previously made a Scrip Dividend Election in respect of any new A Shares
issued.
Dividend timetable for the first quarter 2014 interim

dividend
1st quarter 2014
Announcement date April 30, 2014
Ex-divident date May 14, 2014
Record date May 16, 2014
Scrip reference share price announcement date May 21, 2014
Closing of scrip election and currency election (*) June 2, 2014
Pounds sterling and euro equivalents announcement date June 10, 2014
Payment date June 26, 2014
* A different scrip election date may apply to registered and non registered ADS holders.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the first
on June 10, 2014.
The Hague, April 30, 2014
Contacts
Investor Relations
Media
USA: +1 713 241 4544
Apr 30, 2014
On Wednesday, April 30, 2014 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc
released its first quarter results and first quarter interim dividend announcement for 2014. On this
page a summarised overview of the Royal Dutch Shell plc first quarter 2014 results and links to
the full set of results documents and webcast.
▪ CFO video comment

▪ First quarter 2014 summary of unaudited results
▪ First quarter 2014 results financial documents
▪ First quarter 2014 dividend announcement
▪ CEO statement
CFO video comment
Simon Henry, CFO of Shell, comments on the Q1 2014 results | Investor Relations
https://youtu.be/dNwPhIyTMlU
CFO video comment

Read the transcript
First quarter 2014 results CFO video comment

Hello, I am Simon Henry, the Chief Financial Officer of Royal Dutch Shell.
Today we announced our quarterly financial results.
Let me give you the highlights.
Our first quarter 2014 earnings were $7.3 billion on a clean Current Cost of Supplies basis.
The earnings per share decreased by 2% from first quarter 2013.
Our Cash flow generated was around $14 billion.
On a Q1 to Q1 basis we saw a decline in Downstream earnings and broadly flat Upstream
results. These are more robust results from Shell.
However, as we saw in 2013, there is high volatility in the macro-environment,
and high volatility in our quarterly results.
Our strategy and financial framework have not changed.
We aim to grow our dividends sustainably through the business cycle, driven by growing cash
generation. All at competitive returns.
The priorities we set out at the start of this year have not changed. There is no complacency.
We still have much to do to improve our current results.
This means focusing on better financial performance, on enhanced capital efficiency which
includes an increase in the asset sales programme, and continuing strong project delivery.
We have taken an $2.6 billion impairment today, in Downstream, that reflects Shell’s
updated views on the outlook for refining margins, where there are substantial pressures on the
industry.This impairment represents about 14% of the fixed assets in our total refining business.
Upstream underlying earnings were $5.7 billion, essentially unchanged from year ago levels.
Our Upstream results included a record result from the Integrated Gas business
which showed an 30% increase year-over-year, and as well we saw strong results from gas
trading.
Downstream earnings were $1.6 billion, 15% lower than year-ago levels, as industry margins
declined.
We have added new opportunities during this quarter, we started up new production,
we announced further asset sales.
This is all part of positioning the company for profitable growth for the future.
We completed the Repsol LNG acquisition, made new gas discoveries in Asia Pacific,
and we added new exploration acreage world-wide.
We entered FEED on a series of new projects, that includes the LNG opportunity in Canada,
the deep water new hub development at Appomatox in the Gulf of Mexico and the Peterhead
CCS project in the United Kingdom.
We announced divestments of businesses in Australia, Italy and the USA.
Dividends are Shell’s main route for returning cash to shareholders, and we are announcing
a 4% increase in dividend for Q1 today.
We have distributed more than $11 billion of dividends in the last 12 months, and completed
some $6 billion of share buy backs.
All of this underlines our commitment to shareholder returns.
Thank you.
First quarter 2014 summary of unaudited results

▪ Royal Dutch Shell’s first quarter 2014 earnings, on a current cost of supplies (CCS) basis
(see Note 2), were $4.5 billion compared with $8.0 billion for the first quarter 2013.
▪ First quarter 2014 CCS earnings included an identified net charge of $2.9 billion after tax,
mainly reflecting impairments related to refineries in Asia and Europe (see page 6).
▪ First quarter 2014 CCS earnings excluding identified items (see page 6) were $7.3 billion
compared with $7.5 billion for the first quarter 2013, a decrease of 3%.
▪ Compared with the first quarter 2013, Upstream earnings excluding identified items were
supported by stronger Integrated Gas results as well as higher gas realisations and gas
trading results. This was offset by the impact of exploration well write-offs, and higher
costs and depreciation. Downstream earnings excluding identified items were impacted
by lower industry refining margins and trading results.
▪ Basic CCS earnings per share excluding identified items for the first quarter 2014
decreased by 2% versus the same quarter a year ago.
▪ Cash flow from operating activities for the first quarter 2014 was $14.0 billion. Excluding
working capital movements, cash flow from operating activities for the first quarter 2014
was $13.1 billion.
▪ Capital investment for the first quarter 2014 was $10.7 billion, including $2.0 billion
related to the acquisition of Repsol’s LNG business. Net capital investment (see Note 2)
for the quarter was $10.1 billion.
▪ Total dividends distributed in the quarter were some $2.8 billion, of which $1.3 billion
were settled under the Scrip Dividend Programme. During the first quarter some 32.4
million shares were bought back for cancellation for a consideration of some $1.2 billion.
▪ Gearing at the end of the first quarter 2014 was 15.6%.
▪ A first quarter 2014 dividend has been announced of $0.47 per ordinary share and $0.94
per American Depositary Share (“ADS”), an increase of 4% compared with the first
quarter 2013.
Summary of unaudited results
$ million Quarters
Q1 2014 Q4 2013 Q1 2013 %1
Income attributable to Royal Dutch Shell plc

4,509 1,781 8,176 -45
shareholders
Current cost of supplies (CCS) adjustment for Downstream(44) 371 (225)
CCS earnings 4,465 2,152 7,951 -44
Less: Identified items2 (2,862) (763) 431
CCS earnings excluding identified items 7,327 2,915 7,520 -3
Of which:
Upstream 5,710 2,477 5,648
Downstream 1,575 558 1,848
Corporate and Non-controlling interest 42 (120) 24
Cash flow from operating activities 13,984 6,028 11,559 +21
Basic CCS earnings per share ($) 0.71 0.34 1.26 -44
Basic CCS earnings per ADS ($) 1.42 0.68 2.52
Basic CCS earnings per share excl. identified items ($) 1.17 0.46 1.19 -2
Basic CCS earnings per ADS excl. identified items ($) 2.34 0.92 2.38
Dividend per share ($) 0.47 0.45 0.45 +4

Dividend per ADS ($) 0.94 0.90 0.90
1 Q1 on Q1 change
2 See
page 6
First quarter 2014 results financial documents
Quarterly Results Announcement
First quarter 2014 dividend announcement
First quarter 2014 interim dividend announcement
CEO statement
“Shell’s profits enable the company to pay competitive dividends to shareholders and to finance
new investments in oil and gas. Our long-term strategy is sound.
Our first quarter 2014 results reflect more robust levels of profitability. However, as we saw in
2013, we are in an industry where high volatility remains, both in the macro-environment and in
our quarterly results.
The priorities I set out at the start of 2014 have not changed.
I am determined to improve our competitiveness, and to adapt the company to respond to
changes in the industry landscape, particularly in Oil Products and North America resources
plays.
We are aiming to continue to balance growth and returns, by focusing sharply on our three key
priorities – better financial performance, enhanced capital efficiency, including more selectivity on
project choices and $15 billion of divestments in 2014-15, and continuing strong project delivery.
Our investment strategy is delivering where it matters - at the bottom line. The first quarter of
2014 has seen new, profitable production from the deep-water Gulf of Mexico and Iraq, together
with new LNG from our acquisition of Repsol’s portfolio.
We are making hard choices on Shell’s assets and options, to improve capital efficiency, in both
Upstream and Downstream. The divestments underway in Downstream in four countries are part
of Shell’s drive to improve our competitive position. Downstream has the potential to average 10-
12% ROACE, more than double current levels, and to deliver around $10 billion of annual cash
flow. I am determined to improve our performance in this business.
The impairments we have announced today in Downstream reflect Shell’s updated views on the
outlook for refining margins. There are substantial pressures on the industry from excess
capacity, changing product demand, and new oil supplies from liquids-rich shales.
The 4% dividend increase we have confirmed today for the first quarter 2014 underscores our
delivery in recent years, and our confidence in the future potential.”

Simon Henry, Chief Financial Officer of Royal Dutch Shell plc, hosted audio webcasts for media
and analysts of the first quarter 2014 results on Wednesday April 30, 2014.

Analyst webcast transcript

Media webcast transcript
Apr 30, 2014
The Board of Royal Dutch Shell plc today announced a revised intended timetable for the 2014
quarterly interim dividends. This timetable takes into account changes made by the London
Stock Exchange and Euronext Amsterdam based on the requirement of the EU’s recently
adopted Central Securities Depositories Regulation to reduce the standard settlement period of
three days to two days, effective as of October 6, 2014.
This change impacts the previously announced timetable only in relation to the third quarter 2014
interim dividend; the 2014 interim dividend timetable in relation to the first and second quarters is
not affected. The dates impacted are the ex-dividend date for the RDS A and RDS B shares
traded on the London Stock Exchange and the Euronext Amsterdam, and the Scrip reference
share price announcement date. See Note 1 for more information.
For ease of reference, the full 2014 interim dividend timetable, including the revised changes in
relation to the third quarter, is shown below.
2014 interim dividend timetable

Note 1
The London Stock Exchange and Euronext Amsterdam, with effect from October 6, 2014 will
reduce the standard settlement cycle in accordance with the Regulation of the European
Parliament and of the Council on improving securities settlement in the European Union and on
central securities depositories (CSDs) and amending Directive 98/26/EC (the “CSD Regulation”).
This CSD Regulation aims to harmonise EU securities settlement cycles towards a T + 2 cycle.
As a result RDS A shares and RDS B shares traded on these markets will now settle one day
quicker than the RDS A ADSs and RDS B ADSs traded in the United States. Record dates will
not change. The timings of these are detailed above.
Note 2
A different scrip election date may apply to registered and non registered ADS holders.
The revised 2014 interim dividend timetable is also available on www.shell.com/dividend.
The Hague, April 30th, 2014
Contacts
Investor Relations
Media
USA: +1 713 241 4544
May 21, 2014
The Board of Royal Dutch Shell plc (“RDS”) today announced the Reference Share Price in
respect of the first quarter interim dividend of 2014, which was announced on April 30th, 2014 at
$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”) and $0.94 per American
Depository Share (“ADS”).
Reference Share Price

The Reference Share price is used for calculating a Participating Shareholder’s entitlement under
the Scrip Dividend Programme, as defined below.
Q1 2014
Reference Share price (US$) 39.452
The Reference Share Price is the US dollar equivalent of the average of the closing price for the
Company’s A Shares listed on Euronext Amsterdam for the five dealing days commencing on
(and including) the date on which the Shares are first quoted ex-dividend in respect of the
relevant dividend.
The Reference Share Price is calculated by reference to the Euronext Amsterdam closing price
in euro. The US dollar equivalent of the closing price on each of the dealing days referred to
above is calculated using a market currency exchange rate prevailing at the time.
Reference ADS Price

ADS stands for “American Depositary Share”. ADR stands for “American Depositary Receipt”. An
ADR is a certificate that evidences ADSs (though the terms ADR and ADS are often used
interchangeably). ADSs are listed on the NYSE under the symbols RDS.A and RDS.B. Each
ADS represents two ordinary shares, two ordinary A Shares in the case of RDS.A or two ordinary
B Shares in the case of RDS.B.
Q1 2014
Reference ADS price (US$) 78.904
The Reference ADS Price equals the Reference Share Price of the two A Shares underlying
each new A ADS. A court ruling has established that Stamp Duty Reserve Tax (SDRT) is not due
on the issue of shares to a US depositary. Therefore, the Reference ADS price no longer
includes an adjustment for the deduction of SDRT (or the Dutch withholding tax associated with
the payment of SDRT). Given these changes, there is no longer a need to have an Alternative
Reference ADS Price. The Reference ADS Price will instead apply to all A ADSs and B ADSs.
ADS holders may wish to consider reclaiming SDRT amounts deducted on previous issues under
the Scrip Dividend Programme. Further details can be found within the dividend section of the
Royal Dutch Shell plc website: www.shell.com/dividend.
Scrip dividend programme

Dividend Programme.
receive new shares instead of cash dividends if declared by RDS. Only new A Shares will be
issued under the Programme, including to shareholders who currently hold B Shares.
declared by RDS.
Shareholders who held only B shares and joined the Scrip Dividend Programme are reminded
they will need to make a Scrip Dividend Election in respect of their new A shares if they wish to
shareholder has not previously made a Scrip Dividend Election in respect of any new A shares
issued.
The Hague, May 21st, 2014
Enquiries
Europe: Peter van Driel + 31 70 377 4540
North America: Ken Lawrence +1 832 337 2034
May 21, 2014
Royal Dutch Shell plc (“Shell”) announced today it has agreed to sell its 100 percent working
interest in approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas to
Sanchez Energy Corporation for approximately $0.639 billion, subject to closing.
The sale includes approximately 176 operated producing wells and associated field facilities and
infrastructure. Net production in Q1 2014 was approximately 24,000 barrels of oil equivalent per
day, with approximately 60 percent crude and natural gas liquids.
The agreement is effective January 1, 2014 and is expected to close at the end of the second
quarter of this year.
This transaction is part of Shell’s restructuring of its North Americas resources plays (shale oil
and gas) portfolio, to focus on acreage positions that can reach the scale required by Shell. In
addition to this sale, Shell previously divested its acreage position in the Mississippi Lime in
Kansas, its Utica shale position in Ohio and a portion of its acreage in the Sandwash Niobrara
basins in Colorado as part of this strategy.
Contacts
Investor Relations
▪ International: + 31 70 377 4540
▪ North America: +1 832 337 2034
Media
▪ International: +44 207 934 5550
▪ USA: +1 713 241 4544
May 22, 2014
Royal Dutch Shell plc (“Shell”) announces the cancellation of its Scrip Dividend Programme (“the
Programme”) with effect from the second quarter 2014 Interim Dividend onwards. The
cancellation means that the second quarter 2014 Interim Dividend and future dividends will be
settled entirely in cash, rather than offering a share-based alternative. This decision will allow for
a more efficient share buy-back programme.
Shareholder distributions in 2013, including dividends announced and share buy-backs, totalled
$16 billion, underscoring Shell’s commitment to shareholder returns.
The first quarter 2014 dividend was increased by over 4%, to an annualised level of some $11.8
billion, and first quarter 2014 share buy-backs of B shares were $1.2 billion.
Shell intends to continue with share buy-backs, subject to share price considerations and the
capital requirements of the Group. The expectation is that buy-backs will offset prior dilution
created by scrip dividends by the end of 2015, with approximately 135 million ordinary shares
currently outstanding, as well as shares from any uptake on the Programme related to the
dividend in the first quarter of 2014.
It has recently been less attractive for Shell to buy-back A shares rather than B shares due to
Dutch dividend withholding tax effects. Cancellation of the Programme is anticipated to remove
the Dutch dividend withholding tax costs for Shell on A shares being bought back. Accordingly,
Shell will continue to opt for the line of stock for buy-backs that is the least expensive on an “all-
in” basis, and it is anticipated that Shell will now be able to buy-back A shares again.
As a result of the Programme cancellation, no scrip dividend will be offered for Shell’s second
quarter 2014 interim dividend, to be announced on 31 July 2014. The first quarter 2014 Interim
Dividend, payable on 26 June 2014, is not affected and provides eligible shareholders with a
choice to receive that dividend in cash or in shares via the Programme.
Eligible shareholders who have previously elected to receive new shares under the Programme
will automatically receive dividends in cash from the second quarter 2014 Interim Dividend
onwards. Shareholders are reminded that cash dividends on A shares and B shares will be paid
in Euro and Pound Sterling respectively, unless shareholders elect to receive the alternative
currency.
Cash dividends on ADS will continue to always be paid in US Dollar. More information on Shell’s
dividend and the choices it offers to shareholders can be found in the Investor Centre on Shell’s
website (www.shell.com/investor).
Enquiries
Americas: +1 713 241 4544
Europe: + 31 70 377 4540
United States: +1 832 337 2034
May 29, 2014
Shell will begin supplying liquefied natural gas (LNG) to one of Japan’s leading electric
companies from October 2014, in a deal that reinforces Shell’s position as a key LNG supplier in
the country.
Shell Eastern Trading (Pte) Ltd, a Singapore-based subsidiary of Royal Dutch Shell, signed a
sales and purchase agreement today with Chubu Electric Power Co., Inc. (Chubu Electric) to
supply up to 12 cargoes of LNG a year for the next 20 years. Chubu Electric supplies power to
central Japan’s Chubu region, a major manufacturing hub.
“Shell has a long history of supplying natural gas to Japan, and this agreement demonstrates our
continued commitment to the country, “ said Maarten Wetselaar, Executive Vice President, Shell
Integrated Gas. “It further underlines our strength in the LNG market as we mark our 50th year in
LNG. As one of the world’s largest LNG producers and marketers, with a strong, diverse
portfolio, we are well positioned to respond flexibly to short term changes in demand and help
ensure security of supply for the companies and countries we work with.”
This agreement is the first long-term LNG deal directly between Shell and Chubu Electric, a key
customer in Japan.
Enquiries
Americas: +1 713 241 4544
Jun 5, 2014
On Thursday, July 31, 2014 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc
will release its second quarter results and second quarter interim dividend announcement for
2014.
Webcast
Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, will host a live audio webcast
of the second quarter 2014 results on Thursday July 31, 13:30 BST (14:30 CEST / 08:30 EDT).
Second quarter results 2014 analyst webcast
Enquiries
+44 207 934 5550
+31 70 377 4540 or
+ 1 832 337 2034
Jun 10, 2014
equivalent dividend payments in respect of the first quarter 2014 interim dividend, which was
announced on April 30, 2014 at US$0.47 per A ordinary share (“A Share”) and B ordinary share
(“B Share”).
Holders of A Shares who have validly submitted pounds sterling currency elections by June 2,
2014 will be entitled to a dividend of 28.03p per A Share.
Share. Holders of B Shares who have validly submitted euro currency elections by June 2, 2014
will be entitled to a dividend of €0.3468 per B Share.
This dividend will be payable on June 26, 2014 to those members whose names were on the
Register of Members on May 16, 2014.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the first

ENQUIRIES:
Europe: + 31 70 377 4540
Jun 17, 2014
Royal Dutch Shell plc (“Shell”) today announced the sale of a total of approximately 156.5 million
shares in Woodside Petroleum Limited (“Woodside”) representing a total estimated value to Shell
of around US$5.0 billion on an after tax basis.
The sale, which represents 19.0% of Woodside’s issued share capital, is through an underwritten
sell-down to equity market investors and a selective share buy-back by Woodside.
“Today’s announcement is part of our drive to improve Shell’s capital efficiency and to focus our
Australia growth in directly owned assets”, said Shell Chief Executive Officer Ben van Beurden.
“It doesn’t change our view of Australia as an important player on the global energy stage, or
Shell’s central role in the country’s energy industry.”
Shell Australia’s Country Chair, Andrew Smith, added, “Woodside is an important strategic
partner for us, through our investments in established projects such as the North West Shelf and
growth opportunities such as Browse.
We are pleased we have been able to work with Woodside to find a solution that allows us both
to meet our strategic objectives. We continue to see Australia as an important place for us to
invest and grow our business.”
Shell’s subsidiary, Shell Energy Holding Australia Limited (“SEHAL”) has mandated two
investment banks to sell 78.27 million shares in Woodside, through an underwritten sell-down at
a price of A$41.35 per share.
This part of the sale represents around 9.5% of the issued capital in Woodside, with the shares
to be sold to a range of equity market investors. The sell-down is expected to complete on 18
June 2014.
Under an agreement with SEHAL, Woodside will also buy-back 78.27 million of its shares from
SEHAL at a price of US$34.24 per share.
The buy-back price per share has been split into a dividend component of US$26.29 per share
and a capital component of US$7.95 per share, as agreed with the Australian Taxation Office
(ATO) in a private ruling. SEHAL will receive franking (tax paid) credits on the dividend
component with the effect that no further tax is payable by SEHAL on the dividend component.
Completion of the buy-back will be subject to limited conditions, including consent under a
number of Woodside’s facility agreements, an independent expert opinion and Woodside
shareholder approval. Completion of the buy-back is expected in early August 2014.
After the buy-back and the sell-down have been completed, including cancellation of the buy-
back shares by Woodside, SEHAL’s shareholding in Woodside will reduce to below 5%. As part
of this transaction, SEHAL has committed to retain its remaining shares in Woodside for 90 days
from completion of the sell-down, with limited exceptions.
Notes for editors

Shell’s world-wide LNG equity liquefaction capacity is 26.1 mtpa (million tonnes per annum), with
interests in eleven LNG plants. The announced transaction will reduce Shell’s equity liquefaction
capacity to 25.5 mtpa after the sell-down and to 24.9 mtpa after completion of the share buy-
back.
Australia is set to underpin Shell’s next tranche of LNG growth, with the Gorgon LNG project
(~15 mtpa), where Shell has a 25% interest and the Shell-operated Prelude Floating LNG project
(3.6 mtpa LNG + 1.7 mtpa NGLs), in which Shell holds a 67.5% interest.
Shell has further options for the next generation of LNG growth, in Australia, North America and
Indonesia.
Shell also continues with an active and successful exploration campaign adding to further options
for future development.
Enquiries
Americas: +1 713 241 4544
Europe: + 31 70 377 4540
Jun 18, 2014
Further to the announcement on 17 June 2014, Royal Dutch Shell plc (“Shell”) confirms its
subsidiary has completed the sell-down of 78.27 million shares of Woodside Petroleum Limited
(“Woodside”).
Shell Energy Holding Australia Limited (“SEHAL”) completed the sale at a price of A$41.35 per
share with proceeds expected to be received on 23 June 2014. The sale to a broad range of
equity investors attracted strong demand and took place on an underwritten basis.
As also announced on 17 June 2014, SEHAL has agreed with Woodside the buy-back of 78.27
million shares. After completion of the buy-back and cancellation of the buy-back shares by
Woodside, which remains subject to limited conditions, including Woodside lender consent and
Woodside shareholder approval, Shell’s ownership of Woodside will reduce to below 5%. As part
of this transaction, SEHAL has agreed to retain its remaining shares in Woodside for 90 days
from completion of the sell-down with limited exceptions.
Enquiries
Americas: +1 713 241 4544
Europe: + 31 70 377 4540
Jun 18, 2014
Royal Dutch Shell (“RDS”) announced today that its wholly-owned subsidiary, Shell Midstream
Partners, L.P. (“Shell Midstream Partners”), has filed a Registration Statement on Form S-1 with
the U.S. Securities and Exchange Commission (“SEC”) related to the proposed initial public
offering of common units representing limited partner interests. Shell Midstream Partners intends
to apply to list the common units on the New York Stock Exchange under the ticker symbol
“SHLX”. The offering is expected to occur in the second half of this year.
Shell Midstream Partners was formed as a vehicle to own, operate, develop and acquire
pipelines and other midstream assets. Headquartered in Houston, Texas, Shell Midstream
Partners’ initial assets are expected to consist of ownership interests in four onshore and
offshore pipelines located primarily in Texas and Louisiana. Barclays and Citigroup are acting as
book-running managers and structuring agents for the proposed offering. The offering will be
made only by means of a prospectus. When available, potential investors may obtain a
preliminary prospectus related to the offering from:
Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: 1-888-603-5847
barclaysprospectus@broadridge.com
Citigroup
Edgewood, New York 11717
Phone: 1-800- 831-9146
batprospectusdept@citi.com
To obtain a free copy of the preliminary prospectus when available, visit the SEC's website
at http://www.sec.gov.
A registration statement relating to these securities has been filed with the SEC but has not yet
become effective. These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities laws of any such
state or jurisdiction.
Enquiries
Americas: +1 713 241 4544
Europe: + 31 70 377 4540
Jun 26, 2014
Royal Dutch Shell plc announces that it has today issued 26,616,755 A Ordinary shares in
relation to the scrip dividend programme for the first quarter 2014 interim dividend.
Following this issue and the cancellation of shares previously bought back and announced, the
total number of A shares in issuance is 3,953,959,971 and the total number of B shares is
2,440,410,614. Royal Dutch Shell plc holds no ordinary shares in Treasury.
This announcement will be available on http://www.shell.com/investor.
June 26, 2014
Mark Edwards
Deputy Company Secretary
Enquiries
USA: +1 713 241 4544
Jul 15, 2014
Shell today announces its third major discovery in the Norphlet play in the deep waters of the
Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of
exploration activities in the Eastern Gulf of Mexico, Shell continues to lead industry in exploring
this Jurassic play.
Shell and the Norphlet play

“The Rydberg discovery builds upon our leadership position in the Eastern Gulf of Mexico and its
proximity to our other discoveries in the area make Rydberg particularly exciting.” said Marvin
Odum, Shell Upstream Americas Director. “These successes represent the emergence of
another hub for Shell’s deep-water activities that should generate shareholder value.”
The Rydberg well is located 75 miles (120 kilometres) offshore in the Mississippi Canyon Block
525 in 7,479 feet (2,280 metres) of water. It was drilled to a total depth of 26,371 feet (8,038
metres) and encountered more than 400 feet (122 metres) of net oil pay.
Shell is completing the full evaluation of the well results but expects the resource base to be
approximately 100 million barrels of oil equivalent. Together with the Appomattox and Vicksburg
discoveries, this brings the total potential Norphlet discoveries to over 700 million barrels of oil
equivalent.
This is the first discovery for the partnership of Shell (operator, interest 57.2%), Ecopetrol
America Inc. (28.5%) and Nexen (14.3%), a wholly-owned affiliate of CNOOC Limited. The
discovery is within 10 miles (16 kilometres) of the planned Appomattox development and the
2013 Vicksburg discovery (Shell, operator, 75% and Nexen, 25%).
Shell and Nexen are following up the Rydberg discovery with an exploratory well at Gettysburg,
located in Desoto Canyon Block 398 which is also within 10 miles (16 kilometres) of the planned
Appomattox Development.
Notes to editors
▪ The Jurassic-period Norphlet play is a geological formation that extends from onshore to
the deep waters of the Eastern Gulf of Mexico.
▪ Appomattox (Shell, operator, 80% and Nexen, 20%) is currently in the define phase of
development and is moving forward with engineering design for the floating production
system, subsea infrastructure and wells.
▪ The drillship Noble Globetrotter I drilled the Rydberg well and is currently repositioning to
drill the Gettysburg exploratory well.
▪ The Gulf of Mexico is a major production area in the USA, accounting for almost 50% of
Shell’s oil and gas production in the country and almost 180 thousand boe per day in
2013.
▪
Fact sheet 'Shell and the Norphlet play' (July 2014)
Enquiries
Investor Relations
Media
Shell US Media Relations: +1 713 241 4544
Shell International Media Relations: +44 207 934 5550
Jul 31, 2014
Royal Dutch Shell plc (the ‘Company’) today announces the appointment of Harry Brekelmans as
Projects & Technology Director with effect from October 1, 2014.
In his new role, Harry will become a member of the Executive Committee and will take over from
Matthias Bichsel who will be leaving the company after 34 years’ distinguished service.
Notes to editors
Harry is a Dutch national and currently Executive Vice President Operated, Upstream
International. He joined Shell in 1990 and has held a variety of international management
positions in Geosciences, Field Development, Operations, Internal Audit and Strategy &
Planning. Harry graduated from Delft Technical University, Netherlands in 1990 with a degree in
Petroleum Engineering. Harry is married with two children.
Enquiries
Media Relations
USA: +1 713 241 4544
Investor Relations
Jul 31, 2014
the second quarter of 2014 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B
year.
On May 22, 2014 RDS announced the cancellation of its Scrip Dividend Programme with effect
from the second quarter 2014 Interim dividend onwards. The cancellation means the second
quarter 2014 Interim Dividend and future dividends will be settled entirely in cash, rather than
offering a share-based alternative. For further details please refer to www.shell.com/scrip.
Details relating to the second quarter 2014 interim dividend

The pounds sterling and euro equivalent dividend payments will be announced on September 8,
2014.
Cash dividends on American Depository Shares (“ADSs”) will be paid, by default, in US dollars.
Dividend timetable for the second quarter 2014 interim
dividend
* A different currency election date may apply to shareholders holding shares in a securities
account with a bank or financial institution ultimately holding through Euroclear Nederland.
Please contact your broker, financial intermediary, bank or financial institution where you hold
your securities account for the election deadline that applies.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the second
on September 8, 2014.
The Hague, July 31, 2014
Contacts
Investor Relations
Media
USA: +1 713 241 4544
Jul 31, 2014
On Thursday, July 31, 2014 at 07.00 BST (08.00 CEST and 02.00 EDT) Royal Dutch Shell plc
released its second quarter results and second quarter interim dividend announcement for 2014.
On this page a summarised overview of the Royal Dutch Shell plc second quarter 2014 results
and links to the full set of results documents and webcast.
▪ CEO video comment
▪ Second quarter 2014 summary of unaudited results
▪ Second quarter 2014 results financial documents
▪ Second quarter 2014 dividend announcement
▪ CEO statement
CEO video comment
Ben van Beurden, CEO of Shell, comments on the Q2 2014 results | Investor Relations
https://youtu.be/2UEFQPpqnHo
CEO video comment

Read the transcript
Second quarter 2014 results CEO video comment

Today I’d like to give you an overview of our second quarter 2014 results
and update you on the progress on our strategic priorities.
Firstly on the results.
Second quarter earnings, excluding identified items, were $6.1 billion, a 33% increase in CCS
earnings per share versus the same quarter last year.
Our financial performance for the second quarter of 2014 was more robust than year-ago levels,
but there’s no complacency here, we want to see a more competitive performance from Shell.
We are making progress with the priorities that I set out at the start of 2014 to balance growth
and returns by focusing on better financial performance, enhanced capital efficiency,
and continued strong project delivery.
In North America resources plays where we have taken some impairments today we see growth
potential in Western Canada gas, linked to LNG and in liquids rich shales in Western Canada
and the Permian.
Shell’s Lower 48 dry gas positions, where we have established production and further exploration
potential, remain under review and there could potentially be further asset sales there.
We are taking firm actions to improve Shell’s capital efficiency by selling selected assets and
making tougher project decisions.
We have completed some $8 billion of asset sales so far in 2014 and this is good progress
against plans for $15 billion of asset sales in 2014 and 2015 combined.
On the portfolio growth side we have continued to ramp up production at Mars B in the Gulf of
Mexico which averaged nearly 40,000 boe per day in the quarter and our exploration programme
is delivering, with new finds in the Gulf of Mexico and Malaysia.
We aim to grow cash flow through the cycle and deliver competitive shareholder returns.
Dividends are Shell’s main route for returning cash to shareholders and we have distributed more
than $11 billion of dividends in the last 12 months and we are expecting that shareholder
distributions buybacks and dividends should exceed $30 billion over 2014 and 2015 combined.
All of this underlines the company’s recent improved performance and future potential.
Thank you.
Second quarter 2014 summary of unaudited results

▪ Royal Dutch Shell’s second quarter 2014 earnings, on a current cost of supplies (CCS)
basis (see Note 2), were $5.1 billion compared with $2.4 billion for the same quarter a
year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly
reflecting impairments which were partly offset by divestment gains (see page 6).
▪ Second quarter 2014 CCS earnings excluding identified items (see page 6) were $6.1
billion compared with $4.6 billion for the second quarter 2013, an increase of 33%.
▪ Compared with the second quarter 2013, CCS earnings excluding identified items
benefited from higher liquids production volumes and prices, the impact of the
strengthening Australian dollar on a deferred tax liability, and higher contributions from
Manufacturing. These items were partly offset by increased depreciation, higher costs,
and the phasing of a dividend from an LNG venture into the third quarter of 2014.
▪ Basic CCS earnings per share excluding identified items increased by 33% versus the
same quarter last year.
▪ Cash flow from operating activities for the second quarter 2014 was $8.6 billion,
compared with $12.4 billion for the same quarter last year. Excluding working capital
movements, cash flow from operating activities for the second quarter 2014 was $11.0
billion, compared with $8.4 billion for the second quarter 2013.
▪ Capital investment for the second quarter 2014 was $8.5 billion. Net capital investment
(see Note 2) for the second quarter 2014 was $1.1 billion, compared with $10.9 billion for
the same period a year ago.
▪ Total dividends distributed in the quarter were $3.0 billion, of which $1.0 billion were
settled under the Scrip Dividend Programme. During the second quarter some 8.6 million
A shares were bought back for cancellation for a consideration of $0.3 billion. Shell has
now cancelled the Scrip Dividend Programme and scrip dividends will not be offered for
the second quarter 2014 dividend.
▪ Gearing at the end of the second quarter 2014 was 13.4%.
▪ A second quarter 2014 dividend has been announced of $0.47 per ordinary share and
$0.94 per American Depositary Share (“ADS”), an increase of 4% compared with the
second quarter 2013.

Quarters $ million Half year
Q2 2014 Q1 2014 Q2 2013 %1 2014 2013 %
Income attributable to
5,307 4,509 1,737 +206 Royal Dutch Shell plc 9,816 9,913 -1
shareholders
Current cost of supplies
(160) (44) 657 (CCS) adjustment for (204) 432
Downstream
5,147 4,465 2,394 +115 CCS earnings 9,612 10,345 -7
(979) (2,862) (2,206) Identified items2 (3,841) (1,775)
CCS earnings excluding
6,126 7,327 4,600 +33 13,453 12,120 +11
identified items
Of which:
4,722 5,710 3,526 Upstream 10,432 9,174
1,347 1,575 1,168 Downstream 2,922 3,016
Corporate and
57 42 (94) 99 (70)
Non-controlling interest
8,641 13,984 12,444 -31 Cash flow from operating activities 22,625 24,003 -6
Basic CCS earnings

0.81 0.71 0.38 +113 1.52 1.64 -7
per share ($)
Basic CCS earnings
1.62 1.42 0.76 3.04 3.28
per ADS ($)
Basic CCS earnings
0.97 1.17 0.73 +33 per share excl. 2.13 1.92 +11
identified items ($)
Basic CCS earnings per ADS excl.
1.94 2.34 1.46 4.26 3.84
identified items ($)
0.47 0.47 0.45 +4 Dividend per share ($) 0.94 0.90 +4

0.94 0.94 0.90 Dividend per ADS ($) 1.88 1.80
1 Q2
on Q2 change
2 See
page 6
Second quarter 2014 results financial documents

Second quarter 2014 dividend announcement

Second quarter 2014 interim dividend announcement
CEO statement
“We are making progress with the priorities I set out at the start of 2014: to balance growth and
returns by focusing on better financial performance, enhanced capital efficiency, and continued
strong project delivery.
Shell’s strategy is founded on technological expertise, disciplined capital investment, integrated
operations, and large scale. This is underpinned by an unrelenting focus on safety. We aim to
grow cash flow through the cycle and deliver competitive shareholder returns.
I am determined to get a tighter grip on business performance management in the company, and
improve the balance between growth and returns.
Our financial performance for the second quarter of 2014 was more robust than year-ago levels
but I want to see stronger, more competitive results right across the company, particularly in Oil
Products and North America resources plays. Improvement of financial performance in these two
parts of the business will take time, but I see early momentum, which we must maintain.
Sharper accountability in the company means that we are targeting our growth investment more
effectively, focusing on areas of the business where performance improvement is most needed,
and driving asset sales in non-strategic positions.
The impairments we have announced today in Upstream Americas reflect the restructuring of
Shell’s resources plays portfolio. We see attractive growth opportunities there such as natural
gas integration and liquids-rich shales.
We are taking firm actions to improve Shell’s capital efficiency by selling selected assets and
making tougher project decisions. We have completed some $8 billion of asset sales so far in
2014. This represents good progress towards our targets to focus the portfolio, and to maintain
the financial framework in robust health.
We’ve continued to ramp up production at Mars B in the Gulf of Mexico – part of Shell’s industry-
leading deep-water portfolio – and our exploration programme is delivering, with new finds in the
Gulf of Mexico and Malaysia.
Our dividend for the second quarter of 2014 is 4% up from year-ago levels. We are expecting
some $7 – $8 billion of share buybacks for 2014 and 2015 combined, of which $1.6 billion were
completed in the first half of this year. These expected buybacks and dividend distributions are
expected to exceed $30 billion over the two-year period. All of this underlines the company’s
recent improved performance and future potential.”

Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc, hosted audio webcasts of the
second quarter 2014 results on Thursday July 31.

Analyst webcast presentation transcript

Media webcast presentation transcript
Aug 1, 2014
Royal Dutch Shell plc (“Shell”) acknowledges the outcome of Woodside Petroleum Limited’s
(“Woodside”) shareholders’ negative vote on the selective buy-back proposal announced on the
17th of June 2014. Shell is reviewing its options in relation to its remaining 13.6% holding in
Woodside.
Enquiries
Americas: +1 713 241 4544
Europe: + 31 70 377 4540
Aug 6, 2014
Shell’s deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Ltd
(SNEPCo) started oil production from the first well at the Bonga North West deep-water
development off the Nigerian coast on Tuesday 5 August 2014, another milestone for the
country’s energy industry.
“This is an excellent addition to our deep-water portfolio – a key growth theme for Shell’s world-
wide upstream business,” said Andrew Brown, Shell’s Upstream International Director. “It’s also
good news for Nigeria, as it is a new source of oil revenues and strengthens Nigeria’s deep-
water expertise, a key driver of economic development.”
The Bonga project, which began producing oil and gas in 2005, was Nigeria’s first deep-water
development in water depths over 1,000 metres. Bonga North West represents a significant step
forward for the project.
Oil from the Bonga North West sub-sea facilities is transported by a new undersea pipeline to the
existing Bonga floating production, storage and offloading (FPSO) export facility. The Bonga
FPSO has been upgraded to handle the additional oil flow from Bonga North West which, at peak
production, is expected to contribute 40,000 barrels of oil equivalent per day, helping to maintain
the facility’s overall output.
Four oil producing wells and two water injection wells in the Bonga North West development will
be connected to the FPSO, from where oil is loaded onto tankers for shipping around the world.
The Bonga North West project is part of Shell’s long-standing commitment to developing deep-
water engineering skills in Nigeria. The investments made by SNEPCo and its other project
partners in the Bonga North West project include upgrades of local contractors’ facilities and
providing specialised training for Nigerians to work in the energy industry.
The Bonga project is operated by SNEPCo, which holds a 55% stake. The other project partners
are Esso Exploration & Production Nigeria (Deepwater) Limited (20%), Total E&P Nigeria Limited
(12.5%) and Nigerian Agip Exploration Limited (12.5%) under a Production Sharing Contract with
the Nigerian National Petroleum Corporation.
Notes to editors:
Facts about the Bonga North West project:
▪ A number of new production manifolds, subsea umbilical systems, oil production and
water injection flowlines and subsea tree systems were installed on the sea bed around
1,000 metres below the surface.
▪ A significant part of the project was carried out by Nigerian companies, including a local
contractor that fabricated and installed the FPSO topsides.
▪ The project leadership and majority of staff working on the Bonga North West project are
Nigerian – testament to the growth of deep-water engineering experience in SNEPCo.
▪ The project has been implemented according to high safety standards. SNEPCo and
contractor staff worked in 10 locations in the USA, Europe and Nigeria on various
aspects of the project.
▪ SNEPCo was incorporated in 1993. The company holds interests in four deep-water
blocks, two of which it operates: OML 118 (Bonga) and OML 135 (Bolia).
More information on the Bonga project is available online here
Photos of the Bonga project are available on Flickr
More information on Shell’s deep water operations is available online

at www.shell.com/deepwater
projects.
ENQUIRIES:
Shell International Media Relations
+44 (0) 20 7934 5550
Europe: + 31 70 377 4540
Aug 14, 2014
The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility
has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where
the facility is under construction.
The turret is part of a mooring system designed to ensure Prelude FLNG can operate safely in
the most extreme weather conditions. At almost 100 metres high, it is the largest in the world.
The turret will run through the front of the facility and connect to giant chains that will keep it
moored securely over the Prelude gas field. The turret mooring system will allow the facility to
turn slowly in the wind and with currents – ensuring it can remain safely at its location through the
most powerful cyclones.
“Prelude FLNG combines our many years of experience in shipping and in managing complex
LNG and offshore projects. It’s great to see our innovative designs and technologies become a
reality as we reach significant project milestones like this,” Matthias Bichsel, Projects &
Technology Director at Shell said.
“Designed in Monaco, built in Dubai, shipped to South Korea and for use off Australia, the turret
is an example of the truly global nature of this project.”
Shell was the first company to commit to an FLNG project, and it expects Prelude FLNG to be
the first of many such Shell facilities.
Once complete, Prelude FLNG will operate in a remote basin around 200 kilometres off
Australia’s north-west coast, for around 25 years. It will produce about 3.6 million tonnes of LNG
a year to help meet rising global demand for cleaner energy.
After the first 25-year assignment, Prelude FLNG could be refurbished and moved to a different
field for another quarter century.
FLNG will allow Shell to produce natural gas at sea, cool it onboard into LNG, and pump it
directly into ships that will transport it to customers around the world. It can mean faster, cheaper
and more flexible development of offshore gas fields that would otherwise be too costly to
develop.
ENQUIRIES:
Shell International Media Relations +44 (0) 20 7934 5550
Shell Australia Media Relations +61 (0)417 007 344
View new images of the turret setting sail
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Prelude FLNG Turret Facts and Figures
▪ This part of the turret weighs 4,300 tonnes.
▪ The turret’s swivel design enables the facility to ‘weather vane’ by allowing the hull of the
facility to rotate according to the prevailing wind, waves or current, while the turret
moorings remain fixed to the sea floor.
▪ The turret structure has been designed to enable the FLNG facility resist the most
extreme weather conditions, including category five cyclones, and the facility will remain
on location in all conditions.
▪ The mooring system includes four groups of four mooring lines, sixteen in total, that will
secure the facility to anchor points about 250 metres below the surface of the sea.
▪ The mooring lines are a combination of chains and wire. These connect the turret
mooring system to the 62.5 metre long and 5.5 metre diameter anchor piles secured to
the seabed.
▪ The mooring chain links, about one metre in length and among the largest in the world,
are being made in Spain.
▪ The chain connectors that will link the Prelude FLNG substructure to its mooring lines are
designed to withstand the breaking load of the largest type of offshore chains and to
operate for 25 years.
▪ The subsea connections that extract and control the flow of gas from the reservoir also
connect via the turret. The turret was designed by SBM Offshore in Monaco and
construction has been underway at Dubai DryDocks World since 2012.
Prelude FLNG Background

▪ Prelude FLNG is a natural gas project located approximately 475km north-north east of
Broome in Western Australia.
▪ Shell is the operator of Prelude FLNG in joint venture with INPEX (17.5%), KOGAS
(10%) and OPIC (5%) and working with long-term strategic partners Technip and
Samsung Heavy Industries (the Technip Samsung Consortium).
▪ The project will be the first to use Shell’s revolutionary Floating Liquefied Natural Gas
technology, which allows for natural gas to be extracted, processed, stored and
transferred at sea.
▪ FLNG removes the need for pipelines to shore, dredging and onshore works and
therefore significantly limits the disturbance to the surrounding environment and reduces
development costs.
▪ Shell FLNG can be deployed in a range of field development scenarios, with high
production rates and with a wide range of gas compositions.
▪ Shell was the first to make FLNG a reality. In May 2011, Shell announced final
investment decision on Prelude FLNG.
▪ Once operating, the Prelude FLNG facility will produce 3.6 million tonnes per annum
(mtpa) of LNG, 1.3 mtpa of condensate and 0.4 mtpa of LPG.
▪ The Prelude FLNG facility will be 488 metres long and 74 meters wide. It will weigh more
than 600,000 tonnes with the cargo tanks full.
▪ The FLNG design has gone through extensive testing programs and simulations to
ensure it has the ability to remain connected and moored to the sea floor throughout all
weather conditions.
For more information about Prelude FLNG visit: www.shell.com/flng
Aug 14, 2014
Royal Dutch Shell plc (“Shell”) announces today two separate transactions whereby the company
will exit its Pinedale and Haynesville onshore gas assets in exchange for approximately $2.1
billion of cash, plus additional acreage in the Marcellus and Utica Shale areas in Pennsylvania.
In one agreement with Ultra Petroleum, Shell will acquire 155,000 net acres in the Marcellus and
Utica Shale areas in Pennsylvania and receive a cash payment of $0.925 billion from Ultra in
exchange for 100 percent of Shell’s Pinedale asset in Wyoming, including associated gathering
and processing contracts, subject to closing.
In a separate agreement with Vine Oil & Gas LP and its partner Blackstone, Shell has agreed to
sell 100 percent of its Haynesville asset in Louisiana, including associated field facilities and
infrastructure for $1.2 billion in cash, subject to closing.
“We continue to restructure and focus our North America shale oil and gas portfolio to deliver the
most value in the longer term. With this announcement we are adding highly attractive
exploration acreage, where we have impressive well results in the Utica, and divesting our more
mature, Pinedale and Haynesville dry gas positions,” said Marvin Odum, Shell’s Upstream
Americas Director.
The Shell net production from Pinedale in the second quarter 2014 was 190 million standard
cubic feet per day (mmscf/d) of dry gas (32 thousand barrels of oil equivalent per day (kboe/d)).
During the first half of 2014, Ultra’s net production from the assets Shell is acquiring in
Pennsylvania averaged 109 mmscf/d (19 kboe/d).
“We first entered the Pinedale Anticline in 2001, and I am proud of our operational excellence,
community engagement, and leadership in responsible energy development over that time,” said
Odum.
Shell’s Pinedale asset (which includes 19,000 net acres of leasehold interest, 1,108 gross wells
and associated facilities, and an average of 0.7 percent overriding royalty interest in 11,500
acres) will be exchanged for cash and Ultra’s 100 percent interest in the Marshlands area
(63,000 net acres) as well as its entire interest (92,000 net acres) in the Tioga Area of Mutual
Interest (AMI), an unincorporated joint venture with Shell.
After completion of this transaction, Shell will have a 100 percent interest in the Tioga AMI. The
agreement is effective 1 April 2014, and is expected to close this year.
Shell’s Haynesville asset includes 107,000 net acres in in north Louisiana. The transaction
includes 418 producing wells, 193 of them operated by Shell. As of 1 July 2014, the gross
production from the Haynesville asset was approximately 700 mmscf/d of dry gas, with Shell’s
net working interest share at approximately 250 mmscf/d (43 kboe/d). The agreement is effective
1 July 2014, and is expected to close in the fourth quarter of this year.
“We very much appreciate the support we have had in north Louisiana, and we will continue to
operate in the state, as we have for decades, through our downstream, retail, midstream, and
New Orleans-based deep-water operations,” said Odum.
ENQUIRIES:
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International: +31 (0) 70 377 4540
Media
Shell International Media Relations: +44 (0) 207 934 5550
Aug 26, 2014
Shell today announces further exploration success in Malaysia with another gas discovery at the
Shell-operated deep-water Marjoram-1 well.
“Our strategy to expand our heartland areas through technologically advanced exploration is
delivering tangible success in deep-water in Malaysia,” said Andrew Brown, Shell Upstream
International Director.
“We have a long history in the region, and the addition of new natural gas resources this year
ensures we are able to continue to provide cost-effective, reliable, cleaner energy options for the
future.”
The Marjoram-1 well is located 180 kilometres off the Malaysia coast in Block SK318, in 800
metres of water. Earlier this year, Shell announced the Rosmari-1 gas discovery, also in this
block.
Block SK318 is operated by Shell with an 85% interest, with the remaining 15% held by
PETRONAS Carigali Sdn Bhd.
Enquiries
Americas: +1 713 241 4544
Sep 3, 2014
Shell today announced new discovery wells (Neal and Gee) within the Utica formation in Tioga
County, Pennsylvania, USA. These wells were drilled to a total measured depth of approximately
4,420 and 4,724 metres (14,500 and 15,500 feet) with lateral lengths of 945 metres (3,100 feet)
at Gee and 1,280 metres (4,200 feet) at Neal, respectively. These results are comparable to the
best publically announced thus far in the emerging Southeast Ohio Utica dry gas play.
The Gee and Neal discovery wells extend the sweet spot of the Utica formation beyond
Southeast Ohio and Western Pennsylvania, where previous discoveries have been located, and
into an area where Shell holds a major leasehold position of approximately 430,000 acres.
The Gee well was drilled over 100 miles to the northeast of the nearest horizontal Utica producer,
and had an initial flowback rate of 11.2 million cubic feet of natural gas per day. Gee has been on
production for nearly one year. Shell began production of the Neal well in February, with
observed peak flowback rates of 26.5 million cubic feet of natural gas per day.
“This successful discovery is the result of solid technical work in our onshore business” said
Marvin Odum, Shell’s Upstream Americas Director. “Last year, we refocused our resources plays
strategy to select fewer plays with specific scale and economic characteristics to best suit our
portfolio. The Appalachian basin is one of those areas, and these two high-pressure wells both
exhibit exceptional reservoir quality.”
Shell is currently awaiting results from four additional Utica wells drilled in Tioga County, and
anticipates those wells will produce later this year.
ENQUIRIES:
Investor Relations
International: +31 (0) 70 377 4540
Shell International Media Relations: +44 (0) 207 934 5550
Sep 8, 2014
equivalent dividend payments in respect of the second quarter 2014 interim dividend, which was
announced on July 31, 2014 at US$0.47 per A ordinary share (“A Share”) and B ordinary share
(“B Share”).
Holders of A Shares who have validly submitted pounds sterling currency elections by
September 1, 2014 will be entitled to a dividend of 29.09p per A Share.
Share. Holders of B Shares who have validly submitted euro currency elections by September 1,
This dividend will be payable on September 25, 2014 to those members whose names were on
the Register of Members on August 15, 2014.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the second
ENQUIRIES:
Europe: + 31 70 377 4540
Sep 8, 2014
Production is now underway from the Cardamom development, the second major deep-water
facility Shell has brought online in the U.S. Gulf of Mexico this year, following the start-up of Mars
B in February.
Oil from the Cardamom subsea development (100% Shell) is piped through Shell's Auger
platform. When at full production of 50,000 barrels of oil equivalent a day (boe/d), Auger's total
production capacity will increase to 130,000 boe/d.
"Cardamom is a high-value addition to Shell's production at the Auger platform and is another
example of our excellence in deep-water project delivery," said Marvin Odum, Shell Upstream
Americas Director. "The work to extend the production life of our first deep-water tension-leg
platform is impressive and involved advanced exploration and development technology. Our
additional opportunities in deep water mean that this will remain an important, high-return growth
area for Shell."
Since its first production in 1994, the facility has received several upgrades to process additional
production from new discoveries. Cardamom is Auger's seventh subsea development.
The Cardamom reservoir sits beneath thick layers of salt in rock more than four miles (6.4
kilometers) below the sea floor and went undetected by conventional seismic surveys. Shell used
the latest advancements in seismic technology to discover Cardamom in 2010.
The Cardamom field is 225 miles (362 kilometres) south-west of New Orleans, Louisiana, in
water more than 2,700 feet (820 metres) deep.
Other deep-water Gulf of Mexico growth for Shell includes the Mars B (Shell 71.5%)
development, which continues to ramp up production; the ultra-deep-water Stones (Shell 100%,
50,000 boe/d) project, which is under construction; front-end engineering and design is
progressing for the Appomattox (Shell 80%) project; and, in a recent exploration success, Shell
announced a major discovery at its Rydberg (Shell 57.2%) well in the Norphlet play. Shell also
discovered oil at its Kaikias (Shell 100%) well in the Mars basin, which will require further
appraisal in 2015.
Last month, Shell also started oil production from its Bonga North West (Shell 55%, 40,000
boe/d) deep water development off the coast of Nigeria and recently announced a natural gas
discovery at its Marjoram-1 (Shell 85%) deep-water well in Malaysia, where the Gumusut-Kakap
(Shell 33%) deep-water platform is also on track for production this year.
ENQUIRIES:
Media Relations
Shell Americas Media Relations: +1 713 241 4544
Investor Relations
Editors’ notes
▪ The Cardamom field is located in Garden Banks Block 427, approximately 225 miles
(362 kilometres) southwest of New Orleans, Louisiana, in water more than 2,720 feet
(800 metres) deep.
▪ Shell drilled the Cardamom discovery well in 2,720 feet (830 meters) of water from the
Auger tension leg platform.
▪ Modifications to the Auger platform include additional subsea receiving equipment,
upgrade of an existing process train, and weight mitigation which increases the liquid
handling, cooling and production capacity of the host facility.
▪ The completed subsea system includes five well expandable manifolds, a dual 8-inch
(20-centimetre) flowline, and eight well umbilicals.
Open the full Cardamom multimedia release

Sep 18, 2014
On Thursday, October 30, 2014 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc
will release its third quarter results and third quarter interim dividend announcement for 2014.
Enquiries
+44 207 934 5550
+31 70 377 4540 or
+ 1 832 337 2034
Sep 25, 2014
The Joint Shipping Initiative - made up of Shell, BP, Maersk, Stena and Japanese shipping
companies NYK, MOL and “K” Line – today announced it has given $1.5 million of additional
funds to a United Nations Development Programme (UNDP) project to improve the lives of
Somalis and security for seafarers.
Today’s additional funding will allow UNDP to start work in the towns of Alula and Bargal, near
the tip of the Horn of Africa, and Balanbal in central Somalia.
The UNDP’s “Alternative Livelihoods to Piracy in Puntland and Central Regions of Somalia”
project aims to reduce piracy off the coast of east Africa through local economic development,
job creation, training, and business development grants on-shore in one of the world’s poorest
countries.
“Development projects that provide an alternative livelihood to would-be pirates are a vital
element of the long-term solution to piracy,” Dr Grahaeme Henderson, Vice President of Shell
Shipping & Maritime, said. “We have been very encouraged by progress so far and look forward
to positive results from this new phase of work.”
A lack of jobs and legitimate business opportunities for young people helps Somali pirate leaders
to attract recruits for attacks on merchant shipping that cost the international community billions
of dollars a year.
By offering alternative livelihood options to these youth, UNDP and the Joint Shipping Initiative
work to prevent the lure of piracy.
“Somalia has one of the world’s highest rates of youth unemployment. Nearly 67% of young
people are unemployed. To reverse this reality, we work with local authorities and community
groups to identify sustainable solutions – such as infrastructure projects, livelihoods trainings, or
reintegration projects – and tailor our support to match the need,” stated UNDP Somalia Country
Director George Conway.
Initiated by Shell in 2013, the Joint Shipping Initiative’s first donation of $1 million helped expand
the market building in Adado – a town in central Somalia – creating hundreds of jobs for retailers
and better sales options for farmers. It also helped improve vital infrastructure, including building
a road to link the isolated Hafun peninsula with the rest of the country - a project that generated
hundreds of temporary jobs. The road also helps expand opportunities for trade and business,
increasing access to communities in the Hafun peninsula.
In addition, training courses in skills such as computing, plumbing, building and clothes-making
have been set up elsewhere to help young Somalis find work, or set up businesses themselves
with the help of small grants.
Today’s additional funding meets the Joint Shipping Initiative’s 2012 pledge to donate a total of
$2.5 million to UNDP’s development efforts in Somalia. It will allow UNDP to start work in the
towns of Alula and Bargal, near the tip of the Horn of Africa, and Balanbal in central Somalia.
“Piracy is a global problem that takes root in limited economic opportunities, high youth
unemployment rates and poor infrastructure,” Jens Munch Lund-Nielsen, Head of Emerging
Markets Projects in Group Sustainability, Maersk, said. “The problem requires a land-based
solution.”
Media Enquiries
Notes to Editors
▪ Joint Shipping Initiative funded programmes have already trained over 500 youth in a
range of skills including building, electrical maintenance, plumbing, computing and
business, in Eyl, Gara’ad and Hafun. Over 400 business start-up grants have also been
awarded.
▪ ‘Cash for work’ schemes that repair and improve local infrastructure generate income for
vulnerable young people and also contribute to local economic and community
development. Examples funded by the Joint Shipping Initiative include improvements to
tertiary roads that increase access to markets, repairs to flood defences and the
construction/repair of a vocational training school, markets and youth facilities.
▪ The project to extend the market building in Adado employed 500 people during
construction and has created long-term employment opportunities for around 200 people.
The Hafun road rehabilitation project employed 540 people during its life, with preference
given to members of the community affected by a recent cyclone. The tools provided by
the project were then given to the local authority for road maintenance and other public
works.
▪ The Joint Shipping Initiative was recently recognised for its work against piracy at the
Seatrade Awards in April 2014 when it was awarded the Seatrade Award for Countering
Piracy.
Oct 8, 2014
Shell has started oil production from the Gumusut-Kakap floating platform off the coast of
Malaysia, the latest in a series of Shell deep-water projects.
The Gumusut-Kakap field is located in waters up to 1,200 metres (3,900 feet) deep. The platform
is expected to reach an annual peak oil production of around 135,000 barrels a day, once fully
ramped up. With oil production now under way, work on the gas injection facilities is continuing
with an expected start-up during 2015.
“We are delighted to have reached this milestone with our partners," said Andrew Brown, Shell
Upstream International Director. “Gumusut-Kakap is our first deep-water development in
Malaysia, and uses the best of Shell’s global technology and capabilities in deep water. The field
is one of a series of substantial deep-water start-ups this year, driving returns and growth for
shareholders.”
This floating platform is the latest addition to Shell’s strong portfolio of major deep-water projects.
Assembling the vast structure, whose four decks total nearly 40,000 square metres, involved the
world’s heaviest onshore lift.
The project uses Shell Smart Fields technology to carefully control production from the undersea
wells to achieve greater efficiency. Oil is transported to the Sabah Oil and Gas Terminal onshore
at Kimanis, Malaysia via a 200 km-long pipeline.
The project has allowed Shell to share deep-water expertise with Malaysian energy companies,
assisting in the Malaysian government’s goal to create an offshore industry hub. The platform
was built in Malaysia by Malaysian Marine and Heavy Engineering Sdn Bhd (MMHE).
Shell Malaysia Chairman Iain Lo said: “Shell is pleased to be able to play an active role in
developing the nation’s deep-water resources and deep-water service industry. Deep-water
resources are critical to Malaysia’s long-term energy security. The Gumusut-Kakap field is
expected to contribute up to 25% of the country’s oil production.”
Gumusut-Kakap is the latest of more than 20 major deep-water projects that Shell has delivered
around the globe. Shell began production from the Mars B development in the Gulf of Mexico
through the Olympus platform in February this year. In August it announced the start of oil
production from the first well at the Bonga North West deep-water development off the Nigerian
coast.
In September, Shell announced the start of production from the Cardamom development, the
latest deep-water breakthrough in the Gulf of Mexico which is a high-value addition to the Shell’s
pioneering Auger tension-leg platform.
The Gumusut-Kakap project is a joint venture between Shell (33%, operator), ConocoPhillips
Sabah (33%), PETRONAS Carigali (20%), Murphy Sabah Oil (14%).
Note to editors
▪ The Gumusut-Kakap platform was 100% built by Malaysian Marine and Heavy
Engineering Sdn Bhd (MMHE) in Johor, Malaysia, and is MMHE’s largest ever structure.
▪ Around 5,000 local employees were directly involved in building the platform.
▪ It provides permanent living quarters for 140 crew members in four main modules, plus
11 technical buildings.
▪ Viewed from above, it covers an area of around 1.5 soccer fields.
▪ It was built using 676 kilometres of stainless steel tubes – enough to run the distance
from the northern to southern tips of Peninsular Malaysia.
▪ The construction team achieved the world’s largest and heaviest onshore lift when the
23,000-tonne “topsides” comprising four decks, including living quarters and technical
buildings, were lifted onto the hull in April 2012.
Enquiries
Media
Investor relations
Oct 20, 2014
Shell Midstream Partners, L.P., a limited partnership formed by Royal Dutch Shell, announced
today that it has launched its initial public offering of 37,500,000 common units, representing
limited partner interests. The common units are expected to be listed on the New York Stock
Exchange under the ticker symbol “SHLX.” The underwriters of the offering will have a 30-day
option to purchase up to an additional 5,625,000 common units from Shell Midstream Partners.
The common units being offered represent a 27.2 percent limited partner interest in Shell
Midstream Partners, or a 31.3 percent limited partner interest if the underwriters exercise in full
their option to purchase additional common units. Royal Dutch Shell, through certain of its
subsidiaries, will own the remaining limited partner interest in Shell Midstream Partners, as well
as its 2.0 percent general partner interest.
Barclays, Citigroup, Morgan Stanley and UBS Investment Bank are acting as book-running
managers for the offering. Credit Suisse, Goldman Sachs, JP Morgan, Wells Fargo, RBC Capital
Markets and Credit Agricole are acting as co-managers. The offering is being made only by
means of a prospectus. Once it becomes available, potential investors can obtain a prospectus
that meets the requirements of Section 10 of the Securities Act of 1933 from:
Barclays
Edgewood, NY 11717
Phone: 1-888-603-5847
barclaysprospectus@broadridge.com
Citigroup
Edgewood, New York 11717
Phone: 1-800- 831-9146
prospectusdept@citi.com
Morgan Stanley
Attention: Prospectus Department
180 Varick Street
New York, New York 10014
Prospectus@morganstanley.com
UBS Investment Bank

Attn: Prospectus Dept.
299 Park Avenue
New York, New York 10171
Phone: 1-888-827-7275
When available, to obtain a copy of the prospectus free of charge, visit the SEC’s
website, www.sec.gov, and search under the registrant’s name, “Shell Midstream Partners.”
A registration statement relating to the common units has been filed with the Securities and
Exchange Commission but has not yet become effective. The common units may not be sold nor
may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these
securities, nor shall there be any sales of the securities in any state or jurisdiction in which such
an offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Shell Midstream Partners

Shell Midstream Partners is a fee-based, growth-oriented master limited partnership recently
formed by Royal Dutch Shell to own, operate, develop and acquire pipelines and other
midstream assets. Shell Midstream Partners’ initial assets consist of interests in entities that own
crude oil and refined products pipelines serving as key infrastructure to transport growing
onshore and offshore crude oil production to Gulf Coast refining markets and to deliver refined
products from those markets to major demand centres.
Enquiries
Media
Americas: +1 713 241 4544
Investor relations
18 Jun 2014 - Shell Midstream Partners, L.P. files Registration Statement for initial public
offering of Midstream Partnership
Oct 22, 2014
Shell today announced a frontier exploration discovery offshore Gabon, West Africa. The well
Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-
salt reservoir.
Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was
drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners
are planning to undertake an appraisal programme to further determine the resource volumes.
“Shell has been exploring in Gabon for over 50 years. This latest deep-water discovery is a
testament to the innovation of our explorers in pursuing new plays, and application of our global
sub-surface expertise,” said Andy Brown, Shell Upstream International Director. “We are proud to
be sharing this success with CNOOC Limited, our partner in the licence.”
Leopard-1 was drilled in licence BCD10, operated by Shell (75%). Second partner in the venture
is CNOOC Limited (25%).
This frontier discovery follows recent deep-water exploration successes in the heartlands for
Shell Exploration in the Gulf of Mexico and Malaysia.
Note to editors
Frontier is one of the themes that Shell distinguishes in its exploration portfolio, which covers
under-explored basins.
Pre-salt means that the target reservoir is situated below a layer of salt, which is a very good seal
for hydrocarbons.
Enquiries
Americas: +1 713 241 4544
Shell Investor relations
Oct 30, 2014
The Board of Royal Dutch Shell plc today announced the intended timetable for the 2015
quarterly interim dividends.
2015 interim dividend timetable
4th Quarter
2014 3rd Quarter
1st Quarter 2nd Quarter
2015
2015 2015
January 29, April 30, July 30, October 29,

Announcement date
2015 2015 2015 2015
Ex-dividend date RDS A ADSs and February 11, May 13, August 12, November 10,
RDS B ADSs (Note 1) 2015 2015 2015 2015
Ex-dividend date RDS A and RDS B February 12, May 14, August 13, November 12,
shares (Note 1) 2015 2015 2015 2015
February 13, May 15, August 14, November 13,
Record date
2015 2015 2015 2015
February 27, June 1, August 28, November 27,
Closing of currency election (Note 2)
2015 2015 2015 2015
Pounds sterling and euro equivalents March 6, June 8, September 4, December 4,
announcement date 2015 2015 2015 2015
March 20, June 22, September 21, December 18,
Payment date
2015 2015 2015 2015
Note 1 - The London Stock Exchange and Euronext Amsterdam, with effect from October 6,
2014 reduced the standard settlement cycle in accordance with the Regulation of the European
As a result RDS A shares and RDS B shares traded on these markets will now settle one day
Note 2 - A different currency election date may apply to shareholders holding shares in a
The 2015 interim dividend timetable is also available on www.shell.com/dividend
The Hague, October 30th, 2014
Oct 30, 2014
The Board of Directors of Royal Dutch Shell plc (the ‘Company’) is pleased to announce the
appointment of Charles O. Holliday as Chairman with effect from the conclusion of the 2015
Annual General Meeting (‘AGM’), subject to his re-appointment as a Director of the Company by
shareholders at the AGM. Mr Holliday will succeed Jorma Ollila who will step down from the
Board with effect from the conclusion of the 2015 AGM having served as Chairman for nine
years.
Chad Holliday was appointed as a Non-executive Director of the Company with effect from
September 2010, and is currently Chairman of the Corporate and Social Responsibility
Committee and Member of the Remuneration Committee. He was Chief Executive Officer of
DuPont from 1998 to 2009, and Chairman from 1999 to 2009. He is a member of the Board of
Directors of Bank of America Corporation, having previously served as Chairman up until
September 2014, and is also a Director of Deere & Company.
Commenting, Mr Ollila said, ‘I am delighted that the Board has appointed Chad Holliday to
succeed me as Chairman. He has a distinguished track record as an international businessman
and I am sure he is the right person to chair the Board going forward after the 2015 AGM.’
Chad Holliday commented ‘I am honoured to be appointed Chairman of this great company, and
I look forward to working with Ben van Beurden and the whole Board to deliver the strategy.’
Enquiries
International, UK, European Press: +44 20 7934 5550
Europe: + 31 70 377 4540
Oct 30, 2014
the third quarter of 2014 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B
year.
On May 22, 2014 RDS announced the cancellation of its Scrip Dividend Programme with effect
from the second quarter 2014 Interim dividend onwards. The cancellation means that dividends
will be settled entirely in cash, rather than offering a share-based alternative. For further details
please refer to www.shell.com/scrip.
Details relating to the third quarter 2014 interim dividend


The pounds sterling and euro equivalent dividend payments will be announced on December 5,
2014.
Per ADS Q3 2014

Cash dividends on American Depository Shares (“ADSs”) will be paid in US dollars.
Dividend timetable for the third quarter 2014 interim dividend
3rd quarter 2014
Announcement date October 30, 2014
Ex-dividend date RDS A ADSs and RDS B ADSs (Note 1) November 12, 2014
Ex-dividend date RDS A and RDS B shares (Note 1) November 13, 2014
Record date November 14, 2014
Closing of currency election (Note 2) November 28, 2014
Pounds sterling and euro equivalents announcement date December 5, 2014
Payment date December 22, 2014
Note 1 - The London Stock Exchange and Euronext Amsterdam, with effect from October 6,
2014 reduced the standard settlement cycle in accordance with the Regulation of the European
As a result, RDS A shares and RDS B shares traded on these markets will now settle one day
Note 2 - A different currency election date may apply to shareholders holding shares in a
you hold your securities account for the election deadline that applies

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the third
on December 5, 2014.
Dividend reinvestment plan

Equiniti and ABN AMRO Bank N.V. each have established a dividend reinvestment facility which
enables RDS shareholders to elect to have their dividend payments used to purchase RDS
shares of the same class as those already held by them. The dividend reinvestment plans (the
"DRIPs") are provided by ABN AMRO Bank N.V. in respect of shares held through Euroclear
Nederland and by Equiniti in respect of all other shares (but not ADSs). DRIPs for the ADSs
(both Class A ADSs and Class B ADSs) traded on the NYSE are available through The Bank of
New York Mellon.
Enquiries about the DRIPs, including how to elect to participate and information about the
reinvestment mechanisms under the respective plans should, in the case of shareholders holding
through Euroclear Nederland, be directed to their bank or broker and in the case of all other
shareholders (other than holders of ADSs) to Equiniti. Enquiries relating to the DRIPs for ADSs
(both Class A ADSs and Class B ADSs) should be made to The Bank of New York Mellon.
The Hague, October 30, 2014
Contacts
Investor Relations
Media
USA: +1 713 241 4544
Our 2014 annual reports

Read online or download the PDFs
Oct 30, 2014
On Thursday, October 30, 2014 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc
released its third quarter results and third quarter interim dividend announcement for 2014. On
this page a summarised overview of the Royal Dutch Shell plc third quarter 2014 results and
links to the full set of results documents and webcast.
▪ CFO video comment
▪ Third quarter 2014 summary of unaudited results
▪ Third quarter 2014 results financial documents
▪ Third quarter 2014 dividend announcement
▪ CEO statement
CFO VIDEO COMMENT
CFO video comment

Read the transcript
Title: Balancing Growth & Returns – Third Quarter 2014 Results – 30 October 2014 – Royal
Dutch Shell PLC
Duration: 3:10 minutes
Description:
Simon Henry CFO of Shell comments on the Q3 2014 results and portfolio developments.
Balancing Growth & Returns – Third Quarter 2014 Results – 30 October 2014 – Royal Dutch
Shell PLC Film Transcript
[Graphic]
Shell logo on white background with video title underneath.
[Video footage]
Back of man in a hard hat climbing metal structure.
[Video footage]
Head and shoulders of Simon Henry
[Simon Henry]
“Hello, I am Simon Henry, the CFO of Royal Dutch Shell.
Today I’d like to give you an overview of our third quarter results and portfolio development.
Firstly on the results.”
[Text displays]
Simon Henry
Chief Financial Officer
[Video footage]
Full-screen still image evening shot of oil refinery with all lights on. Screen splits and oil refinery
stays in bottom half of the screen. In the top half there is a bird’s-eye-view still image of offshore
oil rig with helipad.
[Text displays]
Third quarter of 2014 clean css earnings:
$5.8 billion, EPS + 30%
[Video footage]
Top half of image fades into still image of pipes and containers with two men standing on top of
the most distant containers.
[Simon Henry]
“Third quarter earnings on a current cost of supplies basis, CCs basis excluding identified items,
were $5.8 billion, that is a 30% increase in CCS earnings per share versus the same quarter last
year.”
[Video footage]
Head and shoulders of Simon Henry
[Simon Henry]
“Our earnings were supported by better Downstream margins and operating performance, by
new higher margin Upstream production, by lower exploration expenses and higher Integrated
Gas results. Our overall upstream production volumes are lower, but margins are higher, as our
strategy of investing in profitable projects with or without equity production pays off.”
[Video footage]
First still image of worker in hard gat and with face covered by hi-vis jacket, squatting amongst
pipes.
Second still image of oil tanker fades in of oil tanker which takes up three quarters of screen from
right to left. First image can still be seen in final quarter on far left.
Third still image of man in hard hat walking down pathway within works area takes up half of
screen, leaving strips of first and second images visible on left-hand side of screen.
Fourth still image of oil rig fades onto right-hand third of the screen, leaving strips of other images
visible to the left.
[Simon Henry]
“Our new projects are delivering benefits to the bottom line now. We are having a strong year in
portfolio development.”
[Video footage]
Simon Henry head and shoulders
[Simon Henry]
“We saw first oil at Gumusut-Kakap. In Malaysia, this completes the list of four, Shell-operated
deep water start-ups that we’d planned for 2014. We’ve also taken final investment decision on
new deep-water fields.”
[Video footage]
Still image of offshore oil rig with helipad.
Right-hand first quarter of screen fades to still sunset shot from oil rig.
First image fades out and is replaced by still of oil rig.
[Simon Henry]
And we moved the potential 100,000 barrel-oil-equivalent per day Vito field in the Gulf of Mexico
into the front end engineering and design, or FEED part of a project flow for the end of the
decade and beyond.
[Video footage]
Head and shoulders of Simon Henry.
[Graphic]
Priorities have not changed
[Simon Henry]
“Now, we aim to grow cash flow through the business cycle and deliver competitive shareholder
returns. The priorities we set out at the start of this year have not changed. We are taking firm
actions to improve our capital efficiency by selling selected assets $12 billion of sales so far this
year and the conservative balance sheet underpins the financial framework. Dividends are our
main route for returning cash to shareholders.”
[Text displays]
Declared $11.3 billion dividends & share buy backs first 9 months of 2014
[Simon Henry]
“We have declared $11.3 billion of dividends and share buy backs in the first 9 months of 2014,
and we are expecting dividend distributions and buy-backs of over $30 billion for 2014 and 2015
combined. This underlines our commitment to shareholder returns. Thank you for listening”
[Graphic]
Scrolling white text on black background:
‘Thank you for visiting our site. Please understand that an investments in Royal Dutch Shell plc
securities carries with it a risk that you could sustain losses as a result of your investment.
Therefore, an investment in Royal Dutch Shell plc securities may not be appropriate for all
investors. Accordingly, before investing in our securities we urge you to read our Annual Report
and Form 20-F and consider the risks discussed within. You can find our Annual Report and
Form 20-F on the link next to this presentation. Again, thank you for your interest in Royal Dutch
Shell plc securities.
[Graphic]
Full screen of text entitled ‘definitions & cautionary note’ on grey background with Shell logo in
top right-hand corner.
[Graphic]
Shell logo on white background.
[Text displays]
Shell International Limited 2014
Third quarter 2014 summary of unaudited results

▪ Royal Dutch Shell’s third quarter 2014 earnings, on a current cost of supplies (CCS)
basis (see Note 2), were $5.3 billion compared with $4.2 billion for the same quarter a
year ago.
▪ Third quarter 2014 CCS earnings excluding identified items (see page 5) were $5.8
billion compared with $4.5 billion for the third quarter 2013, an increase of 31%.
▪ Compared with the third quarter 2013, CCS earnings excluding identified items benefited
from improved Downstream and Upstream results. In Downstream, earnings benefited
from increased contributions from refining including improved operating performance,
and trading. In Upstream, earnings increased due to the impact of new, higher-margin
production, lower exploration expenses, and higher earnings from Integrated Gas,
despite the effect of lower oil prices and volumes overall. The increase of a deferred tax
liability as a result of the weakening Australian dollar reduced earnings by some $400
million compared with the third quarter 2013.
▪ Basic CCS earnings per share excluding identified items increased by 30% versus the
third quarter 2013.
▪ Cash flow from operating activities for the third quarter 2014 was $12.8 billion, compared
with $10.4 billion for the same quarter last year. Excluding working capital movements,
cash flow from operating activities for the third quarter 2014 was $11.1 billion, compared
with $9.9 billion for the third quarter 2013.
▪ Capital investment for the third quarter 2014 was $8.5 billion. Net capital investment (see
Note 2) for the third quarter was $4.8 billion, compared with $9.4 billion for the same
period a year ago.
▪ Total cash dividends paid to shareholders in the third quarter 2014 were $3.0 billion.
During the third quarter some 18.5 million shares were bought back for cancellation for a
consideration of $0.8 billion.
▪ Gearing at the end of the third quarter 2014 was 11.7%.
▪ A third quarter 2014 dividend has been announced of $0.47 per ordinary share and $0.94
per American Depositary Share (“ADS”), an increase of 4% compared with the third
quarter 2013.

Quarters $ million Nine months
Q3 Q2 Q3
%1 2014 2013 %
2014 2014 2013
Income attributable to
4,463 5,307 4,677 -5 Royal Dutch Shell plc 14,279 14,590 -2
shareholders
Current cost of supplies
803 (160) (429) (CCS) adjustment for 599 3
Downstream
5,266 5,147 4,248 +24 CCS earnings 14,878 14,593 +2
(581) (979) (209) Identified items2 (4,422) (1,984)
CCS earnings excluding
5,847 6,126 4,457 +31 19,300 16,577 +16
identified items
Of which:
4,343 4,722 3,466 Upstream 14,775 12,640
1,793 1,347 892 Downstream 4,715 3,908
Corporate and Non-controlling
(289) 57 99 (190) 29
interest
Cash flow from

12,811 8,641 10,409 +23 35,436 34,412 +3
operating activities
Basic CCS earnings per

0.83 0.81 0.68 +22 2.36 2.32 +2
share ($)
1.66 1.62 1.36 4.72 4.64
ADS ($)
Quarters $ million Nine months
0.92 0.97 0.71 +30 share excl. identified 3.06 2.63 +16
items ($)
1.84 1.94 1.42 ADS excl. identified 6.12 5.26
items ($)
0.47 0.47 0.45 +4 Dividend per share ($) 1.41 1.35 +4

0.94 0.94 0.90 Dividend per ADS ($) 2.82 2.70
1 Q3 on Q3 change
2 See page 5
Third quarter 2014 results financial documents
Third quarter 2014 dividend announcement

Third quarter 2014 interim dividend announcement
CEO statement
“Shell is proud to deliver high-quality fuels, lubricants and petrochemicals, for transportation,
power generation and manufacturing industries. With over 90,000 employees in more than 70
countries around the world, Shell is dedicated to delivering low-cost, safe and reliable energy for
our customers.
The recent decline in oil prices is part of the volatility in our industry. It underlines the importance
of our drive to get a tighter grip on performance management, keep a tight hold on costs and
spending, and improve the balance between growth and returns.
Our results today show that we are delivering on the three priorities I set out at the start of 2014 –
better financial performance, enhanced capital efficiency and continued strong project delivery.
We have moderated our spending on growth and accelerated disposals of our non-strategic
portfolio as part of a drive to improve capital efficiency. Proceeds from asset sales so far this
year total $11.6 billion, with further disposals ongoing.
Our plans to exit from Pinedale and Haynesville mark the completion of the major sales
programme in our North America resources plays portfolio. We are now focusing on creating
value from this slimmed-down position. Restructuring in Oil Products continues, with the
completion of the divestment of Shell’s Australia positions in the quarter.
Our new investments are delivering benefits to the bottom line. We have brought four new deep-
water fields on-stream this year. We are also adding new potential to the portfolio through
exploration and appraisal successes.
Shell’s strategy is founded on creating value for the long term.
Our dividend per share for the third quarter of 2014 is up 4% from year-ago levels. With $8.9
billion of dividends declared and $2.4 billion of shares repurchased in the first three quarters of
this year, we are on track for a programme of over $30 billion of dividend distributions and
buybacks for 2014 and 2015 combined. All of this underlines the company’s recent improved
performance and potential for the future.”

Simon Henry, Chief Financial Officer of Royal Dutch Shell plc, hosted audio webcasts of the third
quarter 2014 results on Thursday October 30.
Analyst webcast presentation transcript
Media webcast presentation transcript
Nov 20, 2014
The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal
Dutch Shell plc (Shell), has completed the assignment of its 30% interest in Oil Mining Lease 24
(OML24) and related facilities in the Eastern Niger Delta to Newcross Exploration and Production
Limited (Newcross). Total cash proceeds for Shell amount to some $600 million.
This divestment is part of the strategic review of SPDC’s onshore portfolio and is in line with the
Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s
upstream oil and gas business.
Shell has been in Nigeria for more than 50 years and remains committed to keeping a long-term
presence there, both onshore and offshore. Through SPDC and its other Nigerian companies,
Shell responsibly produces the oil and gas needed to fuel the economic and industrial growth
that generates wealth for the nation and jobs for Nigerians.
OML24 covers an area of some 430 square kilometres and includes the Awoba, Awoba
Northwest and Ekulama fields and related facilities. The divested infrastructure includes three oil
flow-stations and three gas processing plants, in addition to various oil and gas pipelines. The
divested fields produced on average around 13,000 barrels of oil equivalent per day (100%)
during the first half of 2014.
Total E&P Nigeria Limited (10%) and Nigerian Agip Oil Company Limited (5%) have also
assigned their interests in the lease, ultimately giving Newcross a 45% interest.
All approvals have been received from the relevant authorities of the Federal Government of
Nigeria.
Notes to editors
SPDC is the operator of a joint venture between the Nigerian National Petroleum Corporation
(55%), SPDC (30%), Total E&P Nigeria Limited (10%) and Nigerian Agip Oil Company Limited
(5%). Newcross Exploration and Production Limited is a wholly owned Nigerian company.
Enquiries
Americas: +1 713 241 4544
Dec 5, 2014
equivalent dividend payments in respect of the third quarter 2014 interim dividend, which was
announced on October 30, 2014 at US$0.47 per A ordinary share (“A Share”) and B ordinary
share (“B Share”).
Holders of A Shares who have validly submitted pounds sterling currency elections by November
28, 2014 will be entitled to a dividend of 30.16p per A Share.
Share. Holders of B Shares who have validly submitted euro currency elections by November 28,
This dividend will be payable on December 22, 2014 to those members whose names were on
the Register of Members on November 14, 2014.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the third

ENQUIRIES:
Europe: + 31 70 377 4540
Dec 18, 2014
Shell has signed an agreement with ST1 for the sale of its retail, commercial fuels and supply
and distribution logistics businesses in Norway. In addition, Shell’s aviation business in Norway
will become a 50-50 joint venture with ST1.
The sale is subject to regulatory approval and is expected to be completed in 2015.
The transaction includes a Retail Brand Licence Agreement which will ensure that Shell’s brand
remains highly visible in Norway and that high-quality Shell fuels and lubricants products, and the
euroShell loyalty card scheme, will continue to be available to customers in the country.
The deal will have no impact on Shell’s other businesses in Norway - Shell Energy Europe
(SEE), Gasnor and Upstream, and Shell lubricants will continue to be sold via a macro
distributor.
The sale is consistent with Shell’s strategy to concentrate its Downstream footprint on a smaller
number of assets and markets where it can be most competitive. Recent examples include the
sale of refineries in the UK, Germany, France, Norway and the Czech Republic, and
Downstream businesses in Australia and Italy.
Enquiries
+44 207 934 5550
+31 70 377 4540 or
+ 1 832 337 2034
Jan 30, 2015
Royal Dutch Shell plc (the "Company") announces its intention to propose to the 2014 Annual
General Meeting that Euleen Goh and Patricia A. Woertz be elected Non-executive Directors of
the Company with effect from September 1, 2014 and June 1, 2014 respectively.
Euleen Goh
Euleen Goh is a chartered accountant with professional qualifications in banking and taxation.
She is a Non-executive Director of DBS Group Holdings Ltd and DBS Bank Ltd, CapitaLand
Limited and SATS Ltd, and a member of the Management Advisory Board of NUS Business
School and Trustee of the Singapore Institute of International Affairs Endowment Fund. She is
also Non-executive Chairman of the Singapore International Foundation, a not-for-profit
organisation that seeks to nurture active global citizens.
Previously she held various senior management positions with Standard Chartered Bank and
was Chief Executive Officer of Standard Chartered Bank, Singapore from 2001 until 2006. In that
role, she was responsible for driving the bank’s corporate governance and strategic agenda in
Singapore.
She has also held non-executive appointments on various boards including Singapore Airlines
Limited, Aviva plc, Singapore Exchange Limited, MediaCorp Pte Ltd, Standard Chartered Bank
Thai pcl and Standard Chartered Bank Malaysia Berhad. She was past Chairman of International
Enterprise Singapore and Accounting Standards Council, Singapore.
Patricia A. Woertz
Patricia A. Woertz is Chairman, Chief Executive Officer and President of Archer Daniels Midland
Company in the US. She began her career as a certified public accountant with Ernst & Ernst
(later Ernst & Young) in Pittsburgh, US before joining Gulf Oil Corporation in 1977 where she
held various positions in refining, marketing, strategic planning and finance.
Following the merger of Gulf and Chevron in 1987, she led international operations as President
of Chevron Canada and, later, Chevron International Oil Company. With the merger of Chevron
and Texaco in 2001, she was appointed Executive Vice President responsible for global refining,
marketing, lubricant, and supply and trading operations.
She serves on the Board of Directors of The Procter & Gamble Company and the US - China
Business Council, and chairs the US section of the US - Brazil CEO Forum. She is also a
member of the International Business Council of the World Economic Forum and The Business
Council. In 2010, she was appointed to the President’s Export Council by President Obama.
ENQUIRIES
Media Relations
USA: +1 713 241 4544
Investor Relations
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are
separate entities. In this announcement "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 announcement refer to companies in which Shell either directly or indirectly has control, by
having either a majority of the voting rights or the right to exercise a controlling influence.
The companies in which Shell has significant influence but not control are referred to as
"associated companies" or "associates" and companies in which Shell has joint control are
referred to as "jointly controlled entities". In this announcement, associates and jointly controlled
entities are also referred to as "equity-accounted investments".
The term "Shell interest" is used for convenience to indicate the direct and/or indirect (for
example, through our 23 per cent shareholding in Woodside Petroleum Ltd.) ownership interest
held by Shell in a venture, partnership or company, after exclusion of all third-party interest.
This announcement contains forward looking statements concerning the financial condition,
results of operations and businesses of Shell and the Shell Group. 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 Shell and the Shell Group to market risks and statements 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", "seek", "should", "target", "will" and similar terms
and phrases.
There are a number of factors that could affect the future operations of Shell and the Shell Group
and could cause those results to differ materially from those expressed in the forward looking
statements included in this announcement, including (without limitation): (a) price fluctuations in
crude oil and natural gas;
(b) changes in demand for Shell's products; (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 announcement 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 factors that may affect future results are contained in Shell's 20-F for the year ended
31 December 2012 (available at www.shell.com/investor and www.sec.gov ). These factors
also should be considered by the reader. Each forward-looking statement speaks only as of the
date of the announcement was initially released.
Neither Shell nor any of its subsidiaries nor the Shell Group undertake any obligation to publicly
update or revise any forward looking 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 announcement.

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Jan 2, 2014

1. Payment for loss of office

3. Shell group employment 1 January 2014 to 31 March 2014

Gearing is expected to be approximately 16% at the end of 2013.

SUMMARY OF EXPECTED RESULTS (UNAUDITED)

1.8 6.7 Income attributable to shareholders 16.4 26.7

6.0 9.9 Cash flow from operating activities 40.4 46.1

15.8 10.9 Net Capital Investment 44.3 29.8

16 9.8 Gearing (%) 16 9.8

1 Prior restatement for accounting policy change

Details relating to the fourth quarter 2013 interim dividend

Per ordinary share Q4 2013

Per ADS Q4 2013

Scrip Dividend Programme

Dividend timetable for the fourth quarter 2013 interim

Announcement date Jan 30, 2014

Ex-divident date Feb 12, 2014

Record date Feb 14, 2014

Scrip reference share price announcement date Feb 19, 2014

Pounds sterling and euro equivalents announcement date Mar 7, 2014

Payment date Mar 27, 2014

Taxation cash dividends

CEO video comment

CEO video comment

Title: Fourth Quarter 2014 Results

[Ben van Beurden]

Fourth quarter 2013 summary of unaudited results

Fourth quarter 2013 results financial documents

Supplementary financial and operational disclosure

Supplementary financial and operational disclosure

Fourth quarter 2013 dividend announcement

Webcasts & presentations

Media webcast presentation slides

Royal Dutch Shell plc

Reference Share Price

Reference ADS Price

View for images, b-roll, diagrams and maps

Analyst webcast first quarter 2014 results

Taxation cash dividends

Shell’s strategy is founded on technological expertise, disciplined capital investment, integrated

▪ Shell’s Downstream results include strong performance from businesses such as

Shell 2014 Strategy update | Investor Relations

Shell 2014 Strategy update

Transcript YouTube video published on www.youtube.com/shell

Shell 2014 Strategy update

And all of this is of course underpinned by an unrelenting focus on safety.

Management Day video webcast

About Shell in Iraq

Details relating to the first quarter 2014 interim dividend

Per ordinary share Q1 2014

Per ADS Q1 2014

Scrip Dividend Programme

Dividend timetable for the first quarter 2014 interim

Taxation cash dividends

▪ CFO video comment

CFO video comment

CFO video comment

First quarter 2014 results CFO video comment

First quarter 2014 summary of unaudited results

Summary of unaudited results

Income attributable to Royal Dutch Shell plc

Cash flow from operating activities 13,984 6,028 11,559 +21

Dividend per share ($) 0.47 0.45 0.45 +4

Quarterly Results Announcement