Shell held a field visit for Socially Responsible Investors in Houston and in the Haynesville gas field, Louisiana, at which Russ Ford, EVP onshore gas, John Hollowell, EVP deepwater and Paul Goodfellow, VP production onshore gas all presented. The focus of the presentations and visit was to illustrate Shell’s tight gas operations in the context of sustainable development and our commitment to responsible deepwater operations.

1. ROYAL DUTCH SHELL PLC
INVESTING FOR SUSTAINABLE GROWTH
HOUSTON/SHREVEPORT
November 2011
RUSS FORD
EXECUTIVE VICE PRESIDENT
ONSHORE GAS
1 Copyright of Royal Dutch Shell plc 29 November 2011

2. DEFINITIONS AND CAUTIONARY NOTE
Resources: Our use of the term “resources” in this presentation includes quantities of oil and gas not yet classified as SEC proved oil and gas. Resources are consistent with the
Society of Petroleum Engineers 2P and 2C definitions.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this presentation “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 presentation refer to companies in which Royal Dutch 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 presentation,
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 24% shareholding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all
third-party interest.
This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than
statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on
management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ
materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal
Dutch Shell to market risks 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’’, “scheduled”, ‘‘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 Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, 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 presentation 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 Royal Dutch Shell’s Annual Presentation / Form 20-F for the year ended December
31, 2010 (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 this presentation, 29 November 2011. Neither Royal Dutch Shell nor any of its subsidiaries 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 presentation.
We may have used certain terms in this presentation that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC,
such as resources and oil in place. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.
You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
2 Copyright of Royal Dutch Shell plc 29 November 2011

3. ENERGY OUTLOOK
GLOBAL ENERGY MIX
Mln Boe/d
Industry outlook
400 Hydrocarbons dominate outlook
Growth required in all sectors of energy mix
300 Energy policy + sustained investment
200 Shell
Crude oil & oil products
100 Natural gas & LNG
Biofuels, wind, carbon capture + storage
0
1980 1990 2000 2010 2020 2030 2050
Petrochemicals
OIL BIOMASS COAL
GAS WIND NUCLEAR
SOLAR
SHELL ACTIVITIES
OTHER RENEWABLES
SHELL ESTIMATES
3 Copyright of Royal Dutch Shell plc 29 November 2011

4. NATURAL GAS OUTLOOK
NATURAL GAS DEMAND IEA: WORLD ENERGY OUTLOOK 2011, GAS GROWTH
BCM Mln Boe/d
30 +23% +189%
3,000 25
+29%
20
15 +89%
2,500
10 +86%
2008
2035
5
2,000 0
1990 2000 2010
North Europe Asia Middle Other
SOURCE: IEA
America Pacific East
NATURAL GAS ADVANTAGE: EXAMPLE CCGT ATTRACTIVE ECONOMICS FOR ELECTRICITY PRODUCERS
$/MW hour
GALLINA LNG SHIP - SINGAPORE
Abundant, Affordable, Acceptable
Solar Thermal
Global gas resources ~250 years reserves at
Wind
current production
Nuclear
CCGT: gas-fired power compared to coal:
Coal
• 40% more energy efficient
CCGT
• 50-70% less CO2
0 50 100 150 200
• Better complements with renewables CAPITAL COST LONG-RUN MARGINAL COST
CCGT: COMBINED CYCLE GAS TURBINE SOURCE: SHELL ANALYSIS BASED ON EU DATA
4 Copyright of Royal Dutch Shell plc 29 November 2011

5. STRATEGY & CAPITAL ALLOCATION
STRATEGY CAPITAL INVESTMENT
Upstream
Profitable growth; price upside
100% SOUR
>80% of total capital spending HEAVY OIL & EOR
TIGHT GAS
Sustained exploration investment
EXPLORATION
DEEPWATER
Downstream
UP- 50%
Stable capital employed STREAM
TRADITIONAL
Fewer refineries; upgrade chemicals assets INTEGRATED GAS
More concentrated marketing positions CHEMICALS
REFINING
Down-
DOWN- stream
MARKETING
STREAM0%
Financial outlook 2007-10 2011-14
Generating surplus cashflow through cycle
Investing for growth; competitive payout
Substantial cashflow growth
GROWTH INVESTMENT – THROUGH CYCLE RETURNS
5 Copyright of Royal Dutch Shell plc 29 November 2011

6. SHELL UPSTREAM AMERICAS OVERVIEW
ORGANISATION PRODUCTION AND CAPITAL INVESTMENT
PRODUCTION CAPITAL INVESTMENT
2010/2014 2011-2014
100%
75%
On- Deep- Heavy Explo-
shore water/ Oil ration 50%
Gas Oil
25%
0%
2010 2014
On-shore DW Oil Sands Explora- UPSTREAM INTERNATIONAL UPSTREAM AMERICAS
tight gas operations mining + tion
and shale Other Oil In-situ strategy
gas operations Growing
operations resource
base
6 Copyright of Royal Dutch Shell plc 29 November 2011

7. GLOBAL GAS OPPORTUNITY
Groundbirch
Germany Ukraine
Deep Basin
Foothills
Marcellus Changbei North Shilou
Pinedale
Jinqui
Eagle Ford Haynesville Fushun (JAA) study
GLOBAL GAS RESOURCES
Sao Francisco
CBM
Shale
~12,000 Conv
entio
South Africa (JAA) Study Arrow - CBM
TCF nal
Tight
Key Shell positions
TIGHT GAS GRAND ANIVA
SHALE GAS
CBM
7 Copyright of Royal Dutch Shell plc 29 November 2011

8. NORTH AMERICA TIGHT GAS
PRODUCTION GROWTH
Kboe/d Mmscf/d 2011 tight gas investment: ~$3.5 billion
500
2,500 Deep Basin
400 Canada
Foothills
2,000
Asset sales
300 Groundbirch
1,500
Pinedale
200
1,000 Haynesville USA
100 500 Marcellus
0 0 Eagle Ford
2006 2007 2008 2009 2010 H1 2011 2012
Groundbirch
Tight gas break-even price of $3-$5/mcf Deep Basin
Foothills
Drive for competitive performance
2011 ~ 300 Wells Pinedale
Marcellus
Eagle Ford Haynesville JV
8 Copyright of Royal Dutch Shell plc 29 November 2011

9. COMPETITIVE POSITIONING
COMPETITIVE LIFTING COSTS
Lifting costs $/mcfe Built significant, contiguous positions in resource
Other Direct Operating Cost plays across North America
2
Acreage growth (+ 1.3 million net acres in 2010)
Resource growth: East Resources Inc. + Eagle Ford
1
acquisition 2010
High value positions: exploration running room,
low break even prices
0
Petrohawk Ultra Shell EnCana EOG XTO Chesapeake Talisman
LEARNING CURVE ACCELERATION SHELL ASSET BREAK EVEN PRICE
Indexed Well Delivery Time per year since first production $/mcfe – End 2010
120 Pinedale - 2002 8
100 Early Deep Basin - 2006
6
Deep Basin - 2008*
80 Haynesville - 2008 4
60 Groundbirch - 2008
2
40 0
20 Mature plays Emerging plays Total
0
BREAKEVEN PRICE ENTRY COST
0 1 2 3 4 5 6 7 8 9 10
Years
* DEEP BASIN EAST ONLY
9 Copyright of Royal Dutch Shell plc 29 November 2011

10. DRILLING TECHNOLOGY UNLOCKS NEW GROWTH
CHINA + AUSTRALIA JVs WITH PETROCHINA
Changbei tight gas
North
Shilou CBM
Daning CBM
Jinqiu tight gas
Fushun tight gas
China: Fushun driling rig
ACREAGE
TIGHT GAS
COAL BED METHANE
Arrow Energy
LNG
China: Changbei drilling rig
10 Copyright of Royal Dutch Shell plc 29 November 2011

11. WELLS MANUFACTURING JV
AUTOMATED TRUCK MOUNTED RIGS WELL COSTS
Major projects – capex components as % of total spend
100%
Increasing
80% share in wells
60%
40% Reducing share
in facilities
20% Other
Wells
Facilities
0%
2010 2012 2014 2016 2018 2020
CENTRALISED SUPPLY FACILITY FOR KEY LOGISTICS
50/50 JV with CNPC
Tight gas development requires ‘000’s of wells
Sourcing rigs, services and drilling equipment
from China
Integrated plan to drill and complete repeatable,
low cost wells
11 Copyright of Royal Dutch Shell plc 29 November 2011

12. ECONOMIC BENEFITS & SUSTAINABLE DEVELOPMENT
NORTH AMERICA TIGHT GAS
Gas – the cleanest fossil fuel
Abundant resources
Jobs + energy security
SUSTAINABLE DEVELOPMENT:
Safety: Shell and Contractor
Water Management + Air emissions
Good neighbour in community
Support state regulation
Hydraulic fracturing
12 Copyright of Royal Dutch Shell plc 29 November 2011

13. HYDRAULIC FRACTURING
TECHNOLOGY & SUSTAINABLE DEVELOPMENT SCHEMATIC OVERVIEW
BOP
Technology Fracing fluid Recycling pit
Water injection Water treatment
delivered
Increases access to new reserves
Water table
Increases well productivity & ultimate recovery
Recent advances in technology:
• Multi-stage fracing, horizontal wells Conduct Ground-
casing water
Surface
Sustainable development casing
Well design to avoid ground water contamination
Requires 1 to 5 million gallons of water per well
Sand keeps
Water typically treated & re-used fracture open
Support chemical disclosure
Gas flowing Fractures caused by the pressure of
into well fluids pumped from surface
13 Copyright of Royal Dutch Shell plc 29 November 2011

14. SHELL & TIGHT GAS:
5 CORE PRINCIPLES
Safety & Well Footprint
Shell works to reduce its
Integrity
operational footprint.
Shell designs, constructs and
operates wells and facilities in a
safe and responsible way.
Water Community
Shell conducts its operations to Shell engages with local
protect groundwater and reduce communities regarding socio-
water use as reasonably economic impacts that may arise
practicable. from our operations.
Air
Shell conducts its operations in
order to protect air quality and
control its fugitive emissions.
14 Copyright of Royal Dutch Shell plc 29 November 2011

15. LNG FOR TRANSPORT
GREEN CORRIDOR - CANADA
Ft. McMurray
Shell’s 1st large scale LNG for transport
project
Edmonton • Ft. McMurray - Calgary – Vancouver
• 1st phase: 0.3 mtpa LNG plant
Calgary
Vancouver
Jumping Pound
High res picture
coming
LNG powered truck Canada: Jumping Pound Gas Plant
15 Copyright of Royal Dutch Shell plc 29 November 2011

16. SHELL
COMMITMENT
“As part of the Shell Business Principles, we commit
to contribute to sustainable development. This
requires balancing short and long term interests,
Customer and Profitability & integrating economic, environmental and social
partner focus performance considerations into business decision-making.”
Shell General Business Principles
Sustainability & Value added
growth technology
16 Copyright of Royal Dutch Shell plc 29 November 2011

17. ROYAL DUTCH SHELL PLC
Q&A
HOUSTON/SHREVEPORT
NOVEMBER 2011
17 Copyright of Royal Dutch Shell plc 29 November 2011