Simon Henry, Chief Financial Officer, Royal Dutch Shell plc, presented an update of Shell’s strategy & portfolio at the Global Oil & Gas Conference at Deutsche Bank in London.

1. ROYAL DUTCH SHELL PLC
GLOBAL OIL AND GAS CONFERENCE
DEUTSCHE BANK LONDON
LONDON
SEPTEMBER 27, 2012
27
Copyright of Royal Dutch Shell plc 27 September 2012 1

2. ROYAL DUTCH SHELL PLC
DEUTSCHE BANK LONDON
SIMON HENRY
CHIEF FINANCIAL OFFICER
Copyright of Royal Dutch Shell plc 27 September 2012 2

3. 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 reserves or SEC proven
mining reserves. 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”
Shell 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 23% 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 R
t ti l f Royal D t h Sh ll t market risks and statements expressing management’s expectations, b li f estimates, f
l Dutch Shell to k t ik d t t t i t’ t ti beliefs, ti t forecasts, projections and
t j ti d
assumptions. These forward-looking statements are identified by their use of terms and phrases such as ‘‘anticipate’’, ‘‘believe’’, ‘‘could’’, ‘‘estimate’’, ‘‘expect’’,
‘‘intend’’, ‘‘may’’, ‘‘plan’’, ‘‘objectives’’, ‘‘outlook’’, ‘‘probably’’, ‘‘project’’, ‘‘will’’, ‘‘seek’’, ‘‘target’’, ‘‘risks’’, ‘‘goals’’, ‘‘should’’ 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
targets,
transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments
including potential litigation and regulatory measures as a result of climate changes; (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 20-F for the year ended 31 December, 2011 (available at
Shell s 20 F
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, 27 September 2012. 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. There can be no assurance that dividend payments will match or exceed those set out in this
presentation in the future, or that they will be made at all.
We use certain terms in this presentation, such as resources, that the United States Securities and Exchange Commission (SEC) guidelines strictly prohibit us from
including in filings with the SEC. 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.
Copyright of Royal Dutch Shell plc 27 September 2012 3

4. OVERVIEW
Performance focus
H1 ‘12 earnings $13 bln; EPS unchanged
H1 ’12 asset sales $4 bln
CONTINUOUS IMPROVEMENT
Growth delivery
GROWTH DELIVERY
H1 ‘12 underlying production growth 4%
12
>20 projects under construction
MATURE NEW OPTIONS
PERFORMANCE FOCUS New growth options
N th ti
Expanding our opportunity funnel
Frontier exploration build
New integrated gas options
Earnings CCS basis, earnings and EPS excluding identified items
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5. ENERGY INVESTMENT FUNDAMENTALS
ROBUST LONGER TERM FUNDAMENTALS MANAGING SHORT-TERM VOLATILITY
energy demand outlook in million boe/d $/bbl $ per unit of measurement
140 12
400
120
10
100
300 8
80
6
200
60
4
40
100
2
20
0 0 0
1980 1990 2000 2010 2020 2030 2040 2050 2008 2009 2010 2011 2012
Oil Biomass Coal Brent (LHS)
Gas Wind Nuclear WTI (LHS)
Solar Western Canada Select (LHS)
Shell ti iti
Sh ll activities Other Renewables Henry Hub $/mmbtu (RHS)
Weighted average refining margin $/bbl (RHS)
Source: Shell analysis
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6. CONTINUOUS IMPROVEMENT
DOWNSTREAM: MINIMIZING UNPLANNED DOWNTIME UPSTREAM: WELL AND RESERVOIR MANAGEMENT
% Oil production in ‘000 boe per day
10
95
5
85
75
0 Implementation
2006 2007 2008 2009 2010 2011 1H2012 of structured
WRM process
Oil Products 20,000 bpd
20 000 b d
Chemicals 65
55
EXTRACTING MORE VALUE 2002 2004 2006 2008 2010 2012
FROM OUR ASSETS
Example: Oman
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7. RECYCLING CAPITAL INTO NEW GROWTH
DIVESTMENTS 2011 - 2012 H1 ACQUISITIONS 2011 - 2012 H1
~$12 ~$6
billion billion
Upstream Upstream
Downstream Downstream
Exit non-core positions Liquids-rich shales
Strategic partnering; Prelude, Groundbirch Frontier exploration plays
Refinery-to-terminal conversions LNG optionality
RIGOROUS FOCUS ON
CAPITAL EFFICIENCY
2012 DIVESTMENTS >$4 BLN
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8. GROWTH DELIVERY
RAMPING UP NEW PROJECTS
ATHABASCA OIL SANDS, QATARGAS 4, PEARL GTL PEARL GTL PRODUCT SLATE BUILD-UP
$ billion thousand boe/day
400 100% LPG
NAPHTHA NAPHTHA NAPHTHA NAPHTHA
GASOLINE
GAS OIL
NAPHTHA
200 GAS OIL
50%
GAS OIL
GAS OIL
KEROSENE
GAS OIL
0 0
BASE OIL BASE OIL BASE OIL KEROSENE
PARAFFIN PARAFFIN BASE OIL
0%
Typical
complex
-1
1
refinery
-2
2
2009 2010 2011 2012
FOCUS SHIFTS FROM
Capex DEVELOPMENT TO
Production (RHS) COMMERCIAL PERFORMANCE
Shell share
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9. MAINTAINING GROWTH MOMENTUM
CONVERTING RESOURCES TO PRODUCTION UPSTREAM INVESTMENT 2012
billion boe resources %
35
Longer-term upside
Carmon Creek
Geronggong
BC-10 Ph. 3
(Massa)
25
Prelude FLNG
AOSP debottl. Tempa Rossa
NA tight gas Fram Europe Asia Pacific
/shales Malikai Americas Other
15
Clair Ph2 AOSP debottl + Quest
debottl.
Schiehallion NA tight gas/shales
Pearl GTL Pluto (Woodside)
QatarGas-4 Harweel
Schoonebeek NA tight gas/shales
5 Qarn Alam EOR Eagle Ford
West Qurna 1 IPT
2010 2011
-5
On-stream Under Construction y
Study Production
ROBUST PROJECT FLOW + GROWTH OUTLOOK
8 BILLION BOE UNDER CONSTRUCTION
~4 MILLION BOED 2017-18
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10. GROWTH DELIVERY 2012+
MAINTAINING LNG LEADERSHIP
AUSTRALIA – INDONESIA SHELL GLOBAL LNG CAPACITY + GROWTH
million tonnes per annum
Abadi FLNG
40
Greater Sunrise
Prelude FLNG Wheatstone
Browse & Prelude
Pluto (Woodside) North West Shelf Gorgon T1-3
Arrow
Wheatstone
Gorgon
20
Production
Under C t ti
U d Construction
Options
0
2012 1H ~2020+
~21 MTPA ON-STREAM Onstream
~7 MTPA UNDER CONSTRUCTION Construction
MATURING FUTURE OPTIONS Options
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11. PRELUDE FLOATING LNG
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12. SHELL UPSTREAM AMERICAS GROWTH
TIGHT/SHALE DEEP-WATER
AOSP Debottlenecking
Carmon Creek
North America
North America tight gas Liquids rich shales
Lowest cost gas + Growth focus
Eagle Ford Mars B
integration plays Mars-B development +
Under Construction Cardamom Appomattox Eagleford development new options
Options Stones Vito
+ new plays
2011 PRODUCTION HEAVY OIL
BC-10 Phase 2
BC-10 Massa Ph 3
Debottlenecking mining
options
Deep water
Tight/shale
g / In-situ growth
opportunities
ii
Heavy oil
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13. CONTINUED BUILD IN GULF OF MEXICO
GULF OF MEXICO: EAST GULF OF MEXICO: APPOMATTOX APPRAISAL
MC 347 MC 348 MC 393
Ram-Powell
NW Appraisal
H2 ‘12 NE Appraisal
Appomattox MC 348 &
st
Vicksburg
y
Discovery
Mars
M
Ursa SW Appraisal Appomattox
Vicksburg
Discovery
Appraisal
Vito MC 391 MC 392 MC 393 H1 ‘13 DC 353
Well Penetrations
2012 Appraisal Shell Leases Oil
Success 2012 Shell access Wet 0 1
Shell Production
0 50 Shell Leases
Miles
Hubs miles
DISCOVERY FID START-UP
Caesar Tonga
Mars B
Cardamom
Stones LEADING DEEP WATER PLAYER
Appomattox
Vito
GROWTH POTENTIAL
2005 2010 2015 2020
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14. MATURING NEW OPTIONS:
EXPLORATION & BUSINESS DEVELOPMENT
EXPLORATION PERFORMANCE BUILDING NEW ACREAGE
Alaska cumulative gross acreage cumulative spend
‘000 km2 $ billion
Greenland Timan-Pechora
Timan Pechora
400 15
N. America Ukraine
Nova Scotia Albania Kalmykia
tight/shale
Turkey China
Nile Iraq
Guyana / Delta Qatar Yinggehai
Gulf of Mexico 10
Fr Guiana (block D) Philippines
Benin Malaysia Brunei DW
Colombia Tanzania
Gabon Indonesia 200
Brazil Australia
offshore
Australia CBM
Neuquen
Orange Basin 5
Great South Basin
0 0
2009 2010 2011 1H
2012
Frontier acreage ( 2012 access) Acreage
Tight/shale ( 2012 access) Entry costs
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15. NEW EXPLORATION POSITIONS
NEW POTENTIAL: 2012 ACREAGE POSITIONS
UKRAINE CHINA
JAA Blocks
Yuzivska Hainan
(China)
Ukraine Yuzivska
Block
Bl k
62/02
Block
62/17
Skifska
Skifska
0 100 200
Kilometers
Yuzivska – tight gas/shale Yinggehai Basin
7800 km2 onshore block, adds to existing JAA acreage ~6000 km2
multi-tcf tight/shale gas potential ca 100m water depths
Skifska – Deepwater exploration 3D seismic planned for 2013
16,700 km2 frontier acreage, northern Black Sea Shell 100% in exploration phase; 49% in development
phase, with CNOOC
h h
Shell 35%
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16. MATURING NEW OPTIONS
NEW NORTH AMERICA INTEGRATED GAS POTENTIAL
LNG Canada Green corridor gas-to-transport
Studying 12 mtpa at Kitimat 0.3 mtpa at Jumping Pound Shell’s integrated gas capabilities
Shell 40% + strategic partners
Equity + industry resources base
Natural hedge; oil/gas
differential
MOVABLE MODULAR LIQUEFACTION SYSTEM
(MMLS)
Western Canada gas resources
Groundbirch resource potential
increased from 6 tcfe to >12 tcfe
Shell 80% Gas-to-Chemicals
Gas-to-
transport
GTL+ LNG
Options
Assess Select Define FID Execute Start-
up Operate NORTH AMERICA
GAS MONETIZATION
Feasibility Concept Project
Construction
Ramp-up to OPTIONS
Study Selection Specifications full capacity
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17. FINANCIAL FRAMEWORK
NET DEBT AND GEARING CAPITAL INVESTMENT
$ billion
$ billion
30%
30
20% 2010 2011 H1 2012
20
Organic Investment 24 26 14
10% 10
Acquisitions
Acq isitions 7 5 1
0% 0
Disposals (7) (7) (4)
2005 2006 2007 2008 2009 2010 2011 2012
Gearing (LHS) H1
Net Capital Investment 24 24 11
Net Debt (RHS)
( )
RDS VERSUS FTSE 100
Total dividend growth rate versus 2006
~$32 BLN ORGANIC CAPEX
$32
30%
2012
20%
10% MAINTAINING PRUDENT
0%
BALANCE SHEET
2006 2007 2008 2009 2010 2011 2012
-10% H1 SELECTIVE PORTFOLIO BUILD
-20%
RDS dividend growth
FTSE100 dividend growth
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18. SUMMARY
Performance focus
H1 ‘12 earnings $13 bln; EPS unchanged
H1 ’12 asset sales $4 bln
CONTINUOUS IMPROVEMENT
Growth delivery
GROWTH DELIVERY
Underlying production growth 4%
>20 projects under construction
MATURE NEW OPTIONS
PERFORMANCE FOCUS New growth options
N th ti
Expanding our opportunity funnel
Frontier exploration build
New integrated gas options
Earnings CCS basis, earnings and EPS excluding identified items
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19. ROYAL DUTCH SHELL PLC
DEUTSCHE BANK LONDON
QUESTIONS & ANSWERS
Copyright of Royal Dutch Shell plc 27 September 2012 19

20. ROYAL DUTCH SHELL PLC
GLOBAL OIL AND GAS CONFERENCE
DEUTSCHE BANK LONDON
LONDON
SEPTEMBER 27, 2012
27
Copyright of Royal Dutch Shell plc 27 September 2012 20