ROYAL DUTCH SHELL PLC

UNAUDITED FINANCIAL STATEMENTS AND OPERATING INFORMATION

Index:
(Click on the link below for desired data)

Consolidated Statement of Income

Condensed Consolidated Balance Sheet
Earnings and Dividends per Share and per ADS
Condensed Consolidated Statement of Cash Flows
Earnings by Segment and Identified Items
Capital Investment and Divestments
Additional Segmental Information
Price and Margin Information
Oil & Gas Volumes
Downstream Operational data
Cautionary Statement

CONTACTS:
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 ROYAL DUTCH SHELL PLC

70 80 90 100 102 103 104 105 110 112 53 54 55 60

CONSOLIDATED STATEMENT OF INCOME
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Full Year
$ million 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Revenue 470,171 467,153 451,235 421,105 65,706 72,402 68,706 58,146 264,960 48,554 58,415 61,855 64,767 233,591
Share of profit of joint ventures and associates 8,737 8,948 7,275 6,116 1,405 1,136 193 793 3,527 789 946 828 982 3,545
Interest and other income 5,581 5,599 1,089 4,123 1,735 412 285 1,237 3,669 389 910 255 1,343 2,897
Total revenue and other income 484,489 481,700 459,599 431,344 68,846 73,950 69,184 60,176 272,156 49,732 60,271 62,938 67,092 240,033
Purchases 370,044 369,725 353,199 327,278 47,425 52,441 51,612 43,166 194,644 33,286 40,362 43,398 45,528 162,574
Production and manufacturing expenses 26,553 26,215 28,386 30,038 6,655 6,506 7,419 7,515 28,095 6,765 8,076 6,890 6,703 28,434
Selling, distribution and administrative expenses 14,359 14,465 14,675 13,965 2,894 3,076 2,896 3,090 11,956 3,106 3,227 2,856 2,912 12,101
Research and development 1,123 1,307 1,318 1,222 253 252 291 297 1,093 243 243 248 280 1,014
Exploration 2,266 3,104 5,278 4,224 800 964 3,406 549 5,719 457 535 548 568 2,108
Depreciation, depletion and amortisation 13,228 14,615 21,509 24,499 4,604 4,673 12,156 5,281 26,714 6,147 6,097 6,191 6,558 24,993
Interest expense 1,373 1,757 1,642 1,804 376 466 527 519 1,888 370 770 948 1,115 3,203
Total expenditure 428,946 431,188 426,007 403,030 63,007 68,378 78,307 60,417 270,109 50,374 59,310 61,079 63,664 234,427
Income/(loss) before taxation 55,543 50,512 33,592 28,314 5,839 5,572 (9,123) (241) 2,047 (642) 961 1,859 3,428 5,606
Taxation 24,450 23,552 17,066 13,584 1,302 1,458 (1,730) (1,183) (153) (1,097) (319) 425 1,820 829
Income/(loss) for the period 31,093 26,960 16,526 14,730 4,537 4,114 (7,393) 942 2,200 455 1,280 1,434 1,608 4,777
Income attributable to non-controlling interest 267 248 155 (144) 107 128 23 3 261 (29) 105 59 67 202
Income/(loss) attributable to Royal Dutch Shell plc shareholders 30,826 26,712 16,371 14,874 4,430 3,986 (7,416) 939 1,939 484 1,175 1,375 1,541 4,575

CCS adjustment for Downstream1 (2,293) 452 374 4,167 331 (625) 1,296 901 1,903 330 (936) 73 (509) (1,042)
CCS earnings attributable to shareholders 28,533 27,164 16,745 19,041 4,761 3,361 (6,120) 1,840 3,842 814 239 1,448 1,032 3,533

Identified Items1,2 3,938 1,905 (3,273) (4,010) 1,023 (399) (8,496) 268 (7,604) (739) (806) (1,344) (763) (3,652)
CCS earnings attributable to shareholders excluding identified
2 24,595 25,259 20,018 23,051 3,738 3,760 2,376 1,572 11,446 1,553 1,045 2,792 1,795 7,185
items

1
Attributable to shareholders
2
Comparative information has been restated due to change in the definition of identified items with effect from 2016.

Page 2 of 13
 ROYAL DUTCH SHELL PLC

CONDENSED CONSOLIDATED BALANCE SHEET

70 80 90 100 107 108 109 110 117 58 59 60
Back to Index
At the end of At the end of At the end of At the end of At the end of At the end of
$ million Q4 2011 Q4 2012 Q4 2013 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016

Assets
Non-current assets:
Intangible assets 4,521 4,470 4,394 7,076 6,852 6,779 6,300 6,283 21,327 21,093 23,871 23,967
Property, plant and equipment 152,081 172,293 191,897 192,472 189,263 192,633 181,681 182,838 245,133 242,907 241,059 236,098
Joint ventures and associates 37,990 38,350 34,613 31,558 31,643 32,284 30,940 30,150 35,654 33,850 33,975 33,255
Investments in securities 5,492 4,867 4,715 4,115 3,952 3,854 3,573 3,416 3,474 5,709 5,422 5,952
Deferred tax 4,943 4,288 5,785 8,131 8,439 7,969 10,258 11,033 15,311 15,812 16,709 14,425
Retirement benefits 3,414 2,301 3,574 1,682 1,912 3,892 2,366 4,362 3,108 1,645 785 1,456
Trade and other receivables 9,256 8,991 9,191 8,304 8,240 8,522 8,331 8,717 11,047 11,030 10,729 9,553
217,697 235,560 254,169 253,338 250,301 255,933 243,449 246,799 335,054 332,046 332,550 324,706
Current assets:
Inventories 28,976 30,781 30,009 19,701 19,968 22,485 19,276 15,822 17,396 20,626 20,562 21,775
Trade and other receivables 79,509 65,403 63,638 58,470 51,696 50,929 49,130 45,784 47,872 49,547 46,552 45,664
Cash and cash equivalents 11,292 18,550 9,696 21,607 19,867 26,981 31,846 31,752 11,019 15,222 19,984 19,130
119,777 114,734 103,343 99,778 91,531 100,395 100,252 93,358 76,287 85,395 87,098 86,569

Total assets 337,474 350,294 357,512 353,116 341,832 356,328 343,701 340,157 411,341 417,441 419,648 411,275

Liabilities
Non-current liabilities:
Debt 30,463 29,921 36,218 38,332 35,703 45,575 50,438 52,849 73,005 79,466 86,637 82,992
Trade and other payables 4,921 4,175 4,065 3,582 4,769 4,877 4,510 4,528 3,917 4,393 4,602 6,925
Deferred tax 10,096 10,312 11,943 12,052 10,240 11,676 9,935 8,976 16,677 15,904 15,090 15,274
Retirement benefits 13,738 15,290 11,182 16,318 17,642 12,642 14,557 12,587 13,516 15,882 17,672 14,130
Decommissioning and other provisions 15,631 17,435 19,698 23,834 25,154 25,055 25,110 26,148 32,710 31,825 31,981 29,618
74,849 77,133 83,106 94,118 93,508 99,825 104,550 105,088 139,825 147,470 155,982 148,939
Current liabilities:
Debt 6,712 7,833 8,344 7,208 8,137 7,366 5,149 5,530 7,868 10,863 11,192 9,484
Trade and other payables 81,846 72,839 70,112 64,864 55,761 56,424 55,230 52,770 51,069 52,669 49,882 53,417
Taxes payable 10,606 12,684 11,173 9,797 11,705 10,362 10,378 8,233 10,387 8,291 8,454 6,685
Retirement benefits 387 402 382 377 361 367 359 350 401 392 373 455
Decommissioning and other provisions 3,108 3,221 3,247 3,966 3,538 3,976 5,553 4,065 3,777 5,250 5,036 3,784
102,659 96,979 93,258 86,212 79,502 78,495 76,669 70,948 73,502 77,465 74,937 73,825

Total liabilities 177,508 174,112 176,364 180,330 173,010 178,320 181,219 176,036 213,327 224,935 230,919 222,764

Equity attributable to Royal Dutch Shell plc shareholders 158,480 174,749 180,047 171,966 167,960 176,787 161,348 162,876 196,521 190,670 186,886 186,646
Non-controlling interest 1,486 1,433 1,101 820 862 1,221 1,134 1,245 1,493 1,836 1,843 1,865
Total equity 159,966 176,182 181,148 172,786 168,822 178,008 162,482 164,121 198,014 192,506 188,729 188,511

Total liabilities and equity 337,474 350,294 357,512 353,116 341,832 356,328 343,701 340,157 411,341 417,441 419,648 411,275

Page 3 of 13
 ROYAL DUTCH SHELL PLC

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 70 80 90 100 102 103 104 105 110 112 53 54 55 60
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Full Year
$ million 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016

Income/(loss) for the period 31,093 26,960 16,526 14,730 4,537 4,114 (7,393) 942 2,200 455 1,280 1,434 1,608 4,777
Adjustment for:
- Current tax 23,009 22,722 18,582 13,757 2,947 1,753 1,146 1,212 7,058 753 119 618 1,241 2,731
- Interest expense (net) 1,164 1,543 1,448 1,598 303 395 426 405 1,529 272 671 829 980 2,752
- Depreciation, depletion and amortisation 13,228 14,615 21,509 24,499 4,604 4,673 12,156 5,281 26,714 6,147 6,097 6,191 6,558 24,993
- Net losses/(gains) on sale of non-current assets and businesses (4,485) (4,228) (382) (3,212) (1,612) (247) (493) (1,108) (3,460) (175) (535) (193) (1,238) (2,141)
- Decrease/(increase) in working capital (6,471) 3,391 2,988 6,405 (372) (1,588) 5,883 1,598 5,521 (3,909) (2,474) 742 (648) (6,289)
- Share of profit of joint ventures and associates (8,737) (8,948) (7,275) (6,116) (1,405) (1,136) (193) (793) (3,527) (789) (946) (828) (982) (3,545)
- Dividends received from joint ventures and associates 9,681 10,573 7,117 6,902 1,077 1,071 1,039 1,440 4,627 688 964 702 1,466 3,820
- Deferred tax, retirement benefits, decommissioning and other provisions 1,860 341 (2,701) (1,720) (1,503) (90) (2,407) (1,827) (5,827) (1,755) (533) 387 1,078 (823)
- Other (949) 201 2,937 2,500 94 255 2,302 (3) 2,648 (292) (346) (435) (153) (1,226)
Tax paid (22,622) (21,030) (20,309) (14,299) (1,564) (3,150) (1,235) (1,724) (7,673) (734) (2,005) (955) (740) (4,434)

Cash flow from operating activities 36,771 46,140 40,440 45,044 7,106 6,050 11,231 5,423 29,810 661 2,292 8,492 9,170 20,615

Capital expenditure (26,091) (33,184) (39,975) (31,676) (6,215) (6,205) (6,412) (7,299) (26,131) (5,324) (5,796) (5,282) (5,714) (22,116)
Acquisition of BG Group plc, net of cash and cash equivalents assumed - - - - - - - - - (11,421) - - - (11,421)
Investments in joint ventures and associates (1,886) (3,028) (1,538) (1,426) (409) (208) (274) (5) (896) (332) (216) (255) (527) (1,330)
Proceeds from sale of property, plant and equipment and businesses 6,990 6,346 1,212 9,873 2,203 206 913 1,398 4,720 46 516 204 1,306 2,072
Proceeds from sale of joint ventures and associates 468 698 538 4,163 4 165 81 26 276 16 23 115 1,411 1,565
Interest received 196 193 175 174 56 59 82 91 288 136 93 65 176 470
Other (120) 522 (558) (765) (79) (80) (108) (397) (664) (37) (70) (15) (81) (203)
Cash flow from investing activities (20,443) (28,453) (40,146) (19,657) (4,440) (6,063) (5,718) (6,186) (22,407) (16,916) (5,450) (5,168) (3,429) (30,963)

Net increase/(decrease) in debt with maturity period within three months (3,724) (165) 3,126 (3,332) (255) 1,072 (1,394) (9) (586) 873 1,870 (3,126) 23 (360)
Other debt:
- New borrowings 1,249 5,108 9,146 7,778 752 10,045 5,490 5,213 21,500 264 9,472 8,219 189 18,144
- Repayments (4,649) (4,960) (6,877) (4,089) (630) (2,188) (1,387) (1,818) (6,023) (1,969) (972) (442) (3,327) (6,710)
Interest paid (1,665) (1,428) (1,307) (1,480) (409) (317) (532) (484) (1,742) (534) (725) (606) (1,073) (2,938)
Change in non-controlling interest 8 23 (51) 989 (5) 424 2 177 598 422 397 - 291 1,110
Cash dividends paid to:
- Royal Dutch Shell plc shareholders (6,877) (7,390) (7,198) (9,444) (2,932) (2,294) (2,362) (1,782) (9,370) (2,258) (2,436) (2,660) (2,323) (9,677)
- Non-controlling interest (438) (292) (252) (116) (18) (27) (27) (45) (117) (35) (34) (39) (72) (180)
Repurchases of shares (1,106) (1,492) (5,000) (3,328) (409) - - - (409) - - - - -
Shares held in trust:
- Net sales/(purchases) and dividends received (929) (34) (565) 232 (40) (5) (1) 7 (39) (4) 6 13 (175) (160)
Cash flow from financing activities (18,131) (10,630) (8,978) (12,790) (3,946) 6,710 (211) 1,259 3,812 (3,241) 7,578 1,359 (6,467) (771)

Currency translation differences relating to cash and cash equivalents (349) 201 (170) (686) (460) 417 (437) (590) (1,070) (1,237) (217) 79 (128) (1,503)
Increase/(decrease) in cash and cash equivalents (2,152) 7,258 (8,854) 11,911 (1,740) 7,114 4,865 (94) 10,145 (20,733) 4,203 4,762 (854) (12,622)

Cash and cash equivalents at beginning of period 13,444 11,292 18,550 9,696 21,607 19,867 26,981 31,846 21,607 31,752 11,019 15,222 19,984 31,752

Cash and cash equivalents at end of period 11,292 18,550 9,696 21,607 19,867 26,981 31,846 31,752 31,752 11,019 15,222 19,984 19,130 19,130

Page 4 of 13
 ROYAL DUTCH SHELL PLC

EARNINGS AND DIVIDENDS PER SHARE 70 80 90 100 102 103 104 105 110 52 53 54 55 60
Back to Index 5 9
Full Year
2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Dividends per share ($)1 1.68 1.72 1.80 1.88 0.47 0.47 0.47 0.47 1.88 0.47 0.47 0.47 0.47 1.88

Basic earnings per share ($)

Earnings per share 4.97 4.27 2.60 2.36 0.70 0.63 (1.17) 0.15 0.31 0.07 0.15 0.17 0.19 0.58
CCS earnings per share 4.60 4.34 2.66 3.02 0.76 0.53 (0.97) 0.29 0.61 0.11 0.03 0.18 0.13 0.45
CCS earnings per share excluding identified items 3.96 4.04 3.18 3.65 0.59 0.60 0.38 0.25 1.81 0.22 0.13 0.35 0.22 0.92
Diluted earnings per share ($)
Earnings per share 4.96 4.26 2.60 2.36 0.69 0.62 (1.16) 0.15 0.30 0.07 0.15 0.17 0.19 0.58
CCS earnings per share 4.59 4.33 2.66 3.02 0.75 0.53 (0.96) 0.29 0.60 0.11 0.03 0.18 0.13 0.45
CCS earnings per share excluding identified items 3.96 4.03 3.18 3.65 0.59 0.59 0.37 0.25 1.79 0.21 0.13 0.34 0.22 0.91

EARNINGS AND DIVIDENDS PER ADS2

1
Dividends per ADS ($) 3.36 3.44 3.60 3.76 0.94 0.94 0.94 0.94 3.76 0.94 0.94 0.94 0.94 3.76

Basic earnings per ADS ($)

Earnings per share 9.94 8.54 5.20 4.72 1.40 1.26 (2.34) 0.30 0.62 0.14 0.30 0.34 0.38 1.16
CCS earnings per share 9.20 8.68 5.32 6.04 1.52 1.06 (1.94) 0.58 1.22 0.22 0.06 0.36 0.26 0.90
CCS earnings per share excluding identified items 7.92 8.08 6.36 7.30 1.18 1.20 0.76 0.50 3.62 0.44 0.26 0.70 0.44 1.84
Diluted earnings per share ($)
Earnings per share 9.92 8.52 5.20 4.72 1.38 1.24 (2.32) 0.30 0.60 0.14 0.30 0.34 0.38 1.16
CCS earnings per share 9.18 8.66 5.32 6.04 1.50 1.06 (1.92) 0.58 1.20 0.22 0.06 0.36 0.26 0.90
CCS earnings per share excluding identified items 7.92 8.06 6.36 7.30 1.18 1.18 0.74 0.50 3.58 0.42 0.26 0.68 0.44 1.82
2 3 4 5 6
Shares (Millions)3
Weighted average number of shares as the basis for:
Basic earnings per share 6,212.53 6,261.19 6,291.13 6,311.49 6,292.25 6,304.55 6,327.70 6,356.00 6,320.32 7,173.40 8,000.03 8,054.25 8,101.80 7,833.71
Diluted earnings per share 6,221.66 6,267.84 6,293.38 6,311.61 6,376.99 6,383.86 6,396.87 6,416.07 6,393.75 7,230.36 8,053.32 8,107.70 8,170.08 7,891.67
Shares outstanding at the end of the period 6,220.08 6,305.87 6,295.42 6,295.04 6,302.26 6,325.16 6,348.43 6,397.52 6,397.52 7,997.85 8,048.09 8,092.65 8,145.34 8,145.34
Number of shares repurchased4 34.41 43.70 144.88 87.71 12.72 - - - 12.72 - - - - -
Number of shares issued as scrip dividend 104.60 103.84 125.62 64.57 - 23.43 23.87 49.04 96.34 65.70 50.55 44.05 58.95 219.25
Number of shares issued for the acquisition of BG Group Plc - - - - - - - - - 1,523.80 - - - 1,523.80
4
Scrip dividend reference share price ($) 34.21 34.33 32.96 37.16 - 31.22 27.98 24.52 27.00 22.46 24.55 25.11 24.75 24.22

1
Dividend declared in respect of the relevant quarter
2
Each American Depositary Share (ADS) represents two Royal Dutch
Shell plc ordinary shares.
3
Royal Dutch Shell plc ordinary shares of 0.07 each.
4
Shares repurchases based on the trading date.

Page 5 of 13
 ROYAL DUTCH SHELL PLC

EARNINGS BY SEGMENT AND IDENTIFIED ITEMS 70 80 90 100 102 103 104 105 110 112 53 54 55 60
Back to Index
1
Earnings by segment Full Year
$ million 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016

Integrated Gas 7,280 10,990 8,998 10,610 1,139 1,335 (429) 1,125 3,170 905 982 614 28 2,529

Upstream
Europe 5,001 4,228 3,430 2,552 957 (76) (40) 241 1,082 (86) (820) 12 495 (399)
Asia 3,154 2,320 2,014 1,644 195 114 (26) (206) 77 (18) (83) 91 (113) (123)
Oceania 219 280 (1) - - - - - - - - - - -
Africa 4,116 3,452 1,811 1,912 1,484 220 173 (98) 1,779 (92) 34 269 (139) 72
North America 3,906 771 (2,862) (485) (882) (762) (7,827) (977) (10,448) (1,153) (1,061) (917) 56 (3,075)
South America 790 203 (752) (392) (354) (57) (494) (418) (1,323) (1) (44) 160 (264) (149)
Upstream 17,186 11,254 3,640 5,231 1,400 (561) (8,214) (1,458) (8,833) (1,350) (1,974) (385) 35 (3,674)

Downstream (CCS basis)

Refining & Trading (1,142) 1,136 1,192 1,043 733 4,104 181 509 (42) (72) 576
Marketing 3,136 978 1,051 930 1,591 4,550 1,113 981 1,117 1,153 4,364
Oil Products 2,136 4,008 2,026 1,994 2,114 2,243 1,973 2,324 8,654 1,294 1,490 1,075 1,081 4,940
Chemicals 2,034 1,374 1,843 1,417 400 503 508 178 1,589 406 227 521 494 1,648
Downstream (CCS basis) 4,170 5,382 3,869 3,411 2,514 2,746 2,481 2,502 10,243 1,700 1,717 1,596 1,575 6,588

Corporate and Non-controlling interest

Corporate 102 (203) 372 (156) (171) (68) 109 (295) (425) (456) (423) (306) (566) (1,751)
Non-controlling interest (205) (259) (134) (55) (121) (91) (67) (34) (313) 15 (63) (71) (40) (159)
Corporate and Non-controlling interest (103) (462) 238 (211) (292) (159) 42 (329) (738) (441) (486) (377) (606) (1,910)

CCS earnings attributable to shareholders 28,533 27,164 16,745 19,041 4,761 3,361 (6,120) 1,840 3,842 814 239 1,448 1,032 3,533

Page 6 of 13
 1,2
Summary of Identified Items Full Year
$ million 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016

Integrated Gas 861 1,576 (1) 278 (352) (68) (1,347) (120) (1,887) (89) 114 (317) (879) (1,171)

Upstream
Europe 515 (216) 37 337 547 43 (153) (174) 263 (21) (597) 140 (40) (518)
Asia 560 - (43) (114) (31) (3) (111) (30) (175) (3) (24) (15) (246) (288)
Oceania (374) 1 - - - - - - - - - - - -
Africa 1,130 489 (297) 262 1,417 (2) (2) (29) 1,384 (5) (11) 86 (8) 62
North America 1,163 287 (2,701) (1,605) (84) (168) (7,037) (93) (7,382) (52) (354) (478) 404 (480)
South America - - - (403) (254) 38 (329) (123) (668) 168 337 (122) (129) 254
Upstream 2,994 561 (3,004) (1,523) 1,595 (92) (7,632) (449) (6,578) 87 (649) (389) (19) (970)

Downstream (CCS basis)

Refining & Trading - - - (2,698) (126) (121) (1) 22 (226) (481) 50 (313) (149) (893)
Marketing - - - (197) 3 (34) (111) 960 818 142 (128) (148) 407 273
Oil Products 34 94 (648) (2,895) (123) (155) (112) 982 592 (339) (78) (461) 258 (620)
Chemicals (19) (55) 51 41 (9) (60) (24) (4) (97) 29 (21) (21) (22) (35)
Downstream (CCS basis) 15 39 (597) (2,854) (132) (215) (136) 978 495 (310) (99) (482) 236 (655)

Corporate and Non-controlling interest

Corporate 23 (234) 299 89 (88) (27) 619 (141) 363 (525) (189) (152) (101) (967)
Non-controlling interest 45 (37) 30 - - 3 - - 3 98 17 (4) - 111
Corporate and Non-controlling interest 68 (271) 329 89 (88) (24) 619 (141) 366 (427) (172) (156) (101) (856)

CCS earnings impact 3,938 1,905 (3,273) (4,010) 1,023 (399) (8,496) 268 (7,604) (739) (806) (1,344) (763) (3,652)

1,2
Earnings by Segment excluding Identified Items Full Year
$ million 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016

Integrated Gas 6,419 9,414 8,999 10,332 1,491 1,403 918 1,245 5,057 994 868 931 907 3,700

Upstream
Europe 4,486 4,444 3,393 2,215 410 (119) 113 415 819 (65) (223) (128) 535 119
Asia 2,594 2,320 2,057 1,758 226 117 85 (176) 252 (15) (59) 106 133 165
Oceania 593 279 (1) - - - - - - - - - - -
Africa 2,986 2,963 2,108 1,650 67 222 175 (69) 395 (87) 45 183 (131) 10
North America 2,743 484 (161) 1,120 (798) (594) (790) (884) (3,066) (1,101) (707) (439) (348) (2,595)
South America 790 203 (752) 11 (100) (95) (165) (295) (655) (169) (381) 282 (135) (403)
Upstream 14,192 10,693 6,644 6,754 (195) (469) (582) (1,009) (2,255) (1,437) (1,325) 4 54 (2,704)

Downstream (CCS basis)

Refining & Trading - - - 1,556 1,262 1,313 1,044 711 4,330 662 459 271 77 1,469
Marketing - - - 3,333 975 1,085 1,041 631 3,732 971 1,109 1,265 746 4,091
Oil Products 2,102 3,914 2,674 4,889 2,237 2,398 2,085 1,342 8,062 1,633 1,568 1,536 823 5,560
Chemicals 2,053 1,429 1,792 1,376 409 563 532 182 1,686 377 248 542 516 1,683
Downstream (CCS basis) 4,155 5,343 4,466 6,265 2,646 2,961 2,617 1,524 9,748 2,010 1,816 2,078 1,339 7,243

Corporate and Non-controlling interest

Corporate 79 31 73 (245) (83) (41) (510) (154) (788) 69 (234) (154) (465) (784)
Non-controlling interest (250) (222) (164) (55) (121) (94) (67) (34) (316) (83) (80) (67) (40) (270)
Corporate and Non-controlling interest (171) (191) (91) (300) (204) (135) (577) (188) (1,104) (14) (314) (221) (505) (1,054)

CCS earnings 24,595 25,259 20,018 23,051 3,738 3,760 2,376 1,572 11,446 1,553 1,045 2,792 1,795 7,185

1
Comparative information has been reclassified following a change in segmental
reporting with effect from 2016.
2
Comparative information has been restated due to change in the definition of
identified items with effect from 2016

Page 7 of 13
 ROYAL DUTCH SHELL PLC

CAPITAL INVESTMENT AND DIVESTMENTS 70 80 90 100 102 103 104 105 110 112 53 54 55 60
Back to Index

Full Year
$ million 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Capital expenditure:
Integrated Gas 4,060 5,560 10,517 6,054 1,139 1,174 1,102 1,165 4,580 989 1,095 896 1,014 3,994

Upstream
Europe 1,701 2,914 4,193 3,420 635 722 736 636 2,729 588 640 513 457 2,198
Asia 3,931 3,125 2,983 2,733 588 673 493 518 2,272 483 458 438 245 1,624
Oceania 161 127 1 - - - - - - - - - - -
Africa 1,542 1,965 2,473 2,452 722 486 570 663 2,441 443 337 207 155 1,142
North America 8,680 14,204 11,065 10,512 2,096 1,919 2,218 2,274 8,507 1,444 1,357 1,399 1,482 5,682
South America 398 730 3,230 847 134 109 97 117 457 423 500 536 605 2,064
Total 16,413 23,065 23,945 19,964 4,175 3,909 4,114 4,208 16,406 3,381 3,292 3,093 2,944 12,710

Downstream
Oil Products 4,843 3,558 4,110 3,718 519 730 715 1,267 3,231 521 850 815 1,136 3,322
Chemicals 634 875 1,193 1,802 332 343 465 617 1,757 412 517 469 589 1,987
Total 5,477 4,433 5,303 5,520 851 1,073 1,180 1,884 4,988 933 1,367 1,284 1,725 5,309

Corporate 141 126 210 138 50 49 16 42 157 21 42 9 31 103

Total capital expenditure 26,091 33,184 39,975 31,676 6,215 6,205 6,412 7,299 26,131 5,324 5,796 5,282 5,714 22,116

Capital investment related to the acquisition of BG Group plc - - - - - - - - - 52,904 - - - 52,904

Exploration expense1 1,462 2,114 2,506 2,244 502 643 1,522 281 2,948 224 336 298 416 1,274
Leases and other adjustments2 1,612 (1,565) 2,022 1,993 (284) (6) (1,133) 309 (1,114) 191 (64) 1,870 256 2,253
New equity in joint ventures and associates 1,466 2,410 856 523 20 (30) 13 58 61 38 209 92 529 868
New loans to joint ventures and associates 420 618 682 903 389 238 261 (53) 835 294 7 163 (2) 462

Total capital investment* 31,051 36,761 46,041 37,339 6,842 7,050 7,075 7,894 28,861 58,975 6,284 7,705 6,913 79,877

*
Comprising:
Integrated Gas 4,783 6,077 11,822 9,124 1,301 1,313 1,207 1,357 5,178 22,824 1,153 1,092 1,145 26,214
Upstream 18,580 25,102 28,481 22,169 4,642 4,603 4,641 4,463 18,349 35,038 3,700 5,279 3,490 47,507
Oil Products 6,910 4,578 4,334 4,091 517 742 736 1,357 3,352 680 872 847 1,196 3,595
Chemicals 638 876 1,194 1,819 332 343 475 617 1,767 412 517 478 1,055 2,462
Downstream 7,548 5,454 5,528 5,910 849 1,085 1,211 1,974 5,119 1,092 1,389 1,325 2,251 6,057
Corporate 140 128 210 136 50 49 16 100 215 21 42 9 27 99
Total 31,051 36,761 46,041 37,339 6,842 7,050 7,075 7,894 28,861 58,975 6,284 7,705 6,913 79,877

Divestments3
Integrated Gas 246 1,596 567 4,819 7 93 175 (6) 269 16 269 20 47 352
Upstream 4,034 4,263 519 5,770 2,128 32 38 280 2,478 38 42 166 1,205 1,451
Oil Products 3,116 1,089 586 4,360 30 561 272 1,416 2,279 423 691 20 1,746 2,880
Chemicals 90 90 57 50 (1) (5) - 9 3 4 - 4 1 9
Downstream 3,206 1,179 643 4,410 29 556 272 1,425 2,282 427 691 24 1,747 2,889
Corporate 62 (80) 9 20 - 1 505 5 511 4 - 9 4 17
Divestments 7,548 6,958 1,738 15,019 2,164 682 990 1,704 5,540 485 1,002 219 3,003 4,709

1
Represents the exploration expense presented in the Statement of
Income, less exploration wells written off.
2
Includes finance leases and other adjustments related to timing
differences between the recognition of assets and associated underlying
cash flows.
3
Comprises proceeds from sale of property, plant and equipment and
businesses, joint ventures and associates, and other Integrated Gas,
Upstream and Downstream investments, adjusted onto an accruals basis,
and proceeds from sale of interests in an entity while retaining control
(e.g. proceeds from sale of interests in Shell Midstream Partners, L.P.)

Page 8 of 13
 ROYAL DUTCH SHELL PLC

ADDITIONAL SEGMENTAL INFORMATION

70 80 90 100 102 103 104 105 110 112 53 54 55 60
Back to Index 59 60
Full Year
$ million 2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Integrated Gas
Segment earnings 7,280 10,990 8,998 10,610 1,139 1,335 (429) 1,125 3,170 905 982 614 28 2,529
Including:
- Exploration 109 155 1,457 1,439 271 259 554 206 1,290 101 63 155 175 494
- Depreciation, depletion and amortisation 591 1,161 2,176 2,661 637 597 758 604 2,596 819 1,059 1,296 1,335 4,509
- Share of profit/(loss) of joint ventures and associates 3,655 4,719 4,270 4,324 805 514 (248) 398 1,469 216 261 219 420 1,116
- Production and manufacturing expenses 1,856 2,160 3,314 3,538 743 671 843 845 3,102 1,311 1,543 1,577 1,355 5,786
- Selling, distribution and administrative expenses 205 65 692 607 116 246 81 103 546 206 204 86 88 584

Cash flow from operations 7,666 10,930 12,273 12,689 2,534 1,444 1,821 1,929 7,728 2,657 2,730 1,326 2,419 9,132
Of which: Working capital movements (567) (910) 488 (2,324) 52 294 (989) 199 (444) 1,628 2,043 (789) (40) 2,842

Capital employed 43,813 47,561 60,657 62,127 61,855 62,748 61,944 62,481 62,481 90,916 87,785 88,116 86,631 86,631

Upstream
Segment earnings 17,186 11,254 3,640 5,231 1,400 (561) (8,214) (1,458) (8,833) (1,350) (1,974) (385) 35 (3,674)
Including:
- Exploration 2,157 2,949 3,821 2,785 529 705 2,852 343 4,429 356 472 393 393 1,614
- Depreciation, depletion and amortisation 8,236 10,226 14,773 15,207 3,144 2,986 10,499 3,776 20,405 4,370 4,207 3,920 4,282 16,779
- Share of profit/(loss) of joint ventures and associates 3,472 3,282 1,850 1,178 268 (13) 173 65 493 170 22 47 (17) 222
- Production and manufacturing expenses 13,730 14,194 15,157 16,555 3,601 3,508 4,014 3,791 14,914 3,201 4,226 2,975 2,994 13,396
- Selling, distribution and administrative expenses 1,068 1,146 502 448 203 33 92 136 464 167 185 175 29 556

Cash flow from operations 22,913 22,131 17,841 19,150 1,595 648 2,223 987 5,453 448 (297) 3,607 3,904 7,662
Of which: Working capital movements (2,135) 1,020 824 854 (248) (986) 1,897 (255) 408 (1,534) (455) (137) (707) (2,833)

Capital employed 79,303 87,413 93,135 88,692 86,189 92,106 82,547 84,727 84,727 128,941 128,302 129,669 128,782 128,782

Downstream
Segment CCS earnings 4,170 5,382 3,869 3,411 2,514 2,746 2,481 2,502 10,243 1,700 1,717 1,596 1,575 6,588
Including:
- Depreciation, depletion and amortisation 4,251 3,083 4,421 6,619 820 1,086 880 881 3,667 953 826 965 937 3,681
- Share of profit/(loss) of joint ventures and associates 1,577 1,354 1,525 1,693 512 570 641 492 2,215 507 547 632 558 2,244
- Production and manufacturing expenses 10,662 9,539 9,807 9,845 2,260 2,306 2,552 2,876 9,994 2,219 2,273 2,407 2,309 9,208
- Selling, distribution and administrative expenses 12,947 12,860 13,114 12,489 2,523 2,654 2,611 2,743 10,531 2,298 2,670 2,476 2,673 10,117

Cash flow from operations 4,921 11,111 7,903 11,292 1,554 3,816 6,605 2,101 14,076 (1,434) 571 2,133 2,286 3,556
Of which: Working capital movements (3,825) 3,083 400 6,777 (1,792) (859) 4,200 1,908 3,457 (3,582) (3,415) 941 (216) (6,272)

Capital employed 64,237 62,426 64,507 48,925 47,973 51,698 44,632 46,280 46,280 49,173 52,376 51,640 52,671 52,671

Corporate
Segment earnings 102 (203) 372 (156) (171) (68) 109 (295) (425) (456) (423) (306) (566) (1,751)
Comprising:
- Interest and investment income/(expense) (624) (1,001) (832) (913) (141) (234) (382) (238) (995) (88) (403) (589) (744) (1,824)
- Currency exchange gains/(losses) (77) 169 (189) (263) (245) (5) (362) (119) (731) 53 (76) 132 (106) 3
- Other - including taxation 803 629 1,393 1,020 215 171 853 62 1,301 (421) 56 151 284 70

Cash flow from operations 1,271 1,968 2,423 1,913 1,423 142 582 406 2,553 (1,010) (712) 1,426 561 265
Of which: Working capital movements 56 198 1,276 1,098 1,616 (37) 775 (254) 2,100 (421) (647) 727 315 (26)

Capital employed 9,788 16,536 7,411 18,582 16,645 24,397 28,946 29,012 29,012 9,857 14,372 17,133 12,903 12,903

Royal Dutch Shell

CCS earnings 28,738 27,423 16,879 19,096 4,882 3,452 (6,053) 1,874 4,155 799 302 1,519 1,072 3,692
Non-controlling interest (205) (259) (134) (55) (121) (91) (67) (34) (313) 15 (63) (71) (40) (159)
CCS earnings attributable to shareholders 28,533 27,164 16,745 19,041 4,761 3,361 (6,120) 1,840 3,842 814 239 1,448 1,032 3,533

Cash flow from operations 36,771 46,140 40,440 45,044 7,106 6,050 11,231 5,423 29,810 661 2,292 8,492 9,170 20,615
Of which: Working capital movements (6,471) 3,391 2,988 6,405 (372) (1,588) 5,883 1,598 5,521 (3,909) (2,474) 742 (648) (6,289)

Capital employed 197,141 213,936 225,710 218,326 212,662 230,949 218,069 222,500 222,500 278,887 282,835 286,558 280,987 280,987

ROACE 16.6% 13.6% 7.9% 7.1% 7.1% 6.3% 1.0% 1.9% 1.9% -0.4% -1.4% 3.8% 3.0% 3.0%

ROACE (CCS basis excluding Identified Items) 12.8% 12.3% 9.1% 10.4% 8.9% 7.6% 6.1% 5.2% 5.2% 3.8% 2.5% 2.8% 2.9% 2.9%

Balance sheet gearing ratio (net debt as percentage of total capital) 13.9% 9.8% 16.1% 12.2% 12.4% 12.7% 12.7% 14.0% 14.0% 26.1% 28.1% 29.2% 28.0% 28.0%

Page 9 of 13
 ROYAL DUTCH SHELL PLC

PRICE AND MARGIN INFORMATION (period average) 70 80 90 100 102 103 104 105 110 112 53 54 55 60
Back to Index
Full Year

2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
OIL & GAS REALISED PRICES
Realised liquids prices ($/bbl)

Europe 106.71 108.06 105.06 94.42 51.26 59.58 46.91 41.42 49.70 31.20 41.36 39.09 41.64 38.63
Asia 103.73 107.76 96.46 89.47 49.82 53.31 48.64 39.60 47.73 30.76 39.21 41.31 44.70 39.01
Oceania 92.38 91.62 90.50 82.26 44.93 51.34 36.58 37.60 43.39 29.06 36.38 35.25 41.23 36.31
Africa 111.70 112.45 110.14 100.55 48.50 65.24 50.23 43.09 51.80 32.04 43.73 46.77 49.40 42.73
North America 94.35 88.79 90.23 83.54 41.07 52.96 40.86 35.67 42.12 26.33 38.55 38.27 42.69 36.44
South America 100.44 100.01 97.17 88.68 45.07 48.85 37.61 33.98 42.38 28.49 34.72 38.40 46.93 38.58
Global 103.54 103.11 97.64 89.59 46.41 55.84 45.22 38.81 46.46 29.49 39.31 40.43 44.54 38.64

Realised gas prices ($/thousand scf)

Europe 8.98 9.56 9.65 8.42 6.92 7.12 7.90 5.79 6.84 4.89 4.19 3.96 4.94 4.55
Asia 5.73 6.70 6.50 6.81 5.75 4.12 4.17 4.30 4.60 4.23 3.34 3.81 4.10 3.87
Oceania 9.95 11.14 11.55 10.49 8.56 6.04 6.28 6.26 6.80 5.48 4.97 4.91 5.53 5.23
Africa 2.32 2.74 2.84 2.71 2.54 2.13 2.15 1.70 2.10 2.39 2.32 2.43 2.20 2.33
North America 4.28 2.92 3.71 4.48 2.83 2.24 2.32 2.03 2.35 1.69 1.59 2.17 2.58 2.01
South America 2.81 2.63 2.91 2.85 2.63 2.72 2.17 2.31 2.46 1.78 1.58 1.47 2.44 1.83
Global 6.65 6.71 7.08 6.66 5.62 4.44 4.98 4.23 4.85 3.89 3.21 3.42 4.03 3.65

OIL AND GAS MARKER INDUSTRY PRICES 42 43 44 45 46

Brent ($/bbl) 111.26 111.67 108.66 98.95 53.94 61.88 50.47 43.76 52.39 33.94 45.59 45.86 49.33 43.73
WTI ($/bbl) 95.04 94.13 97.99 93.28 48.49 57.85 46.45 42.07 48.71 33.45 45.53 44.88 49.23 43.34
Henry Hub ($/MMBtu) 4.01 2.76 3.70 4.35 2.88 2.72 2.74 2.08 2.60 1.98 2.09 2.84 2.94 2.46
UK National Balancing Point (pence/therm) 56.35 59.74 68.12 50.06 47.94 44.68 41.42 36.60 42.66 30.43 31.32 31.06 45.77 34.64
Japan Customs-cleared Crude ($/bbl)1 109.10 114.77 110.21 105.19 55.89 59.88 58.02 46.31 55.03 33.64 40.98 46.22 47.19 41.89
Western Canadian Select ($/bbl) 79.26 72.36 73.26 73.73 36.73 49.52 31.85 29.16 36.81 21.98 33.75 31.59 35.34 30.67

REFINING & CRACKER INDUSTRY MARGINS2

Refining marker industry gross margins ($/bbl)
US West Coast margin 8.65 9.43 8.70 9.50 17.19 20.27 21.50 17.94 19.41 14.56 13.89 11.72 11.44 12.91
US Gulf Coast Coking margin 1.95 3.70 3.85 5.45 9.94 8.51 13.67 8.05 10.60 8.65 9.09 9.32 9.17 9.08
Rotterdam Complex margin 0.65 3.83 1.40 1.34 4.96 5.08 5.76 3.04 4.71 2.45 2.45 1.54 3.35 2.46
Singapore 0.60 (0.51) (0.95) (0.11) 6.96 4.25 2.34 5.29 4.71 4.12 2.09 1.95 3.16 2.82
Cracker industry margins ($/tonne)
US ethane 474 688 770 798 559 556 463 412 498 385 447 510 459 450
Western Europe naphtha 621 544 548 613 459 613 878 517 617 596 588 677 532 598
North East/South East Asia naphtha 207 107 132 296 341 739 448 323 463 621 663 756 649 672

1
Quarter data based on available market information up to the end of the period.
2
The refining and cracker industry margins shown above do not represent actual Shell
realised margins for the periods.

Page 10 of 13
 ROYAL DUTCH SHELL PLC

OIL & GAS VOLUMES 70 80 90 100 102 103 104 105 110 112 53 54 55 60
Back to Index
Full Year
2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Liquids production available for sale (thousand b/d)
Europe 239 219 178 173 174 187 179 181 180 222 224 231 274 238
Asia 639 652 674 552 574 565 554 560 563 659 631 648 658 649
Oceania 48 45 39 35 31 28 30 30 30 32 24 25 25 27
Africa:
SPDC1 - Nigeria 155 136 89 95 90 63 60 60 68 49 37 35 32 38
Other Africa 171 154 127 144 171 155 162 187 169 192 193 194 197 194
North America 359 382 403 439 459 395 500 486 461 479 429 479 491 470
South America 55 45 31 46 43 39 43 28 38 148 207 258 277 222
Total liquids production 1,666 1,633 1,541 1,484 1,542 1,432 1,528 1,532 1,509 1,781 1,745 1,870 1,954 1,838
of which:
Integrated Gas 110 138 224 221 201 199 214 201 204 224 219 225 222 223
Upstream 1,556 1,495 1,317 1,263 1,341 1,233 1,314 1,331 1,305 1,557 1,526 1,645 1,732 1,615

Natural gas production available for sale (million scf/d2)

Europe 3,338 3,311 3,367 2,931 3,618 1,718 1,800 2,813 2,483 3,283 2,184 2,103 3,240 2,702
Asia 2,504 2,752 3,033 3,132 3,063 2,989 3,182 3,100 3,085 3,543 3,460 3,378 3,497 3,469
Oceania 715 777 788 794 708 668 716 708 700 1,245 1,361 1,543 1,462 1,404
Africa:
SPDC1 - Nigeria 707 740 552 643 502 580 526 529 534 478 526 407 601 503
Other Africa 133 141 126 148 184 161 175 192 178 377 592 575 425 492
North America 1,537 1,683 1,716 1,577 1,305 1,383 1,403 1,369 1,365 1,593 1,527 1,509 1,523 1,538
South America 52 45 34 34 41 35 35 30 35 386 576 489 567 505
Total natural gas production 8,986 9,449 9,616 9,259 9,421 7,534 7,837 8,741 8,380 10,905 10,226 10,004 11,315 10,613
of which:
Integrated Gas 1,398 1,961 2,557 2,666 2,447 2,350 2,589 2,486 2,469 3,532 3,831 3,982 3,979 3,832
Upstream 7,588 7,488 7,059 6,593 6,974 5,184 5,248 6,255 5,911 7,373 6,395 6,022 7,336 6,781

Total production in barrels of oil equivalent (thousand boe/d3)

Europe 814 790 758 678 798 484 489 666 609 788 600 594 834 704
Asia 1,071 1,126 1,198 1,093 1,102 1,080 1,104 1,094 1,095 1,270 1,228 1,230 1,260 1,247
Oceania 171 180 175 172 153 143 154 152 151 247 259 291 277 269
Africa:
SPDC1 - Nigeria 277 263 184 205 177 163 151 151 160 132 128 105 136 125
Other Africa 194 178 148 170 202 182 191 221 199 257 295 293 270 279
North America 624 672 699 710 684 634 742 722 696 753 692 740 754 734
South America 64 53 37 52 50 45 49 33 44 214 306 342 374 310
Total production 3,215 3,262 3,199 3,080 3,166 2,731 2,880 3,039 2,954 3,661 3,508 3,595 3,905 3,668
of which:
Integrated Gas 351 476 665 682 622 604 661 633 631 833 880 912 908 884
Upstream 2,864 2,786 2,534 2,398 2,544 2,127 2,219 2,406 2,323 2,828 2,628 2,683 2,997 2,784

LNG liquefaction volumes (million tonnes) 18.83 20.20 19.64 23.97 6.17 5.46 5.31 5.68 22.62 7.04 7.57 7.70 8.57 30.88

LNG sales volumes (million tonnes) 27.74 30.57 30.54 39.47 9.81 9.40 9.89 10.14 39.24 12.29 14.25 15.23 15.34 57.11

1
Shell Petroleum Development Nigeria
2
scf/d = standard cubic feet per day; 1 standard cubic foot = 0.0283 cubic metre.
3
Natural gas converted to oil equivalent at 5.8 million scf/d = thousand boe/d.

Page 11 of 13
 ROYAL DUTCH SHELL PLC

DOWNSTREAM OPERATIONAL DATA 70 80 90 100 102 103 104 105 110 112 53 54 55 60
Back to Index
Full Year
2011 2012 2013 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 2016
Refinery processing intake (thousand b/d)
Europe and Africa 1,104 1,032 987 1,010 977 951 992 914 959 981 892 1,003 974 963
Asia 489 520 634 639 711 771 553 476 627 531 566 599 577 568
Oceania 177 150 105 64 - - - - - - - - - -
North & South America 1,075 1,117 1,189 1,190 1,183 1,222 1,231 1,240 1,219 1,133 1,190 1,210 1,147 1,170
2,845 2,819 2,915 2,903 2,871 2,944 2,776 2,630 2,805 2,645 2,648 2,812 2,698 2,701

Oil sales volumes (thousand b/d)

Gasolines 2,074 2,076 2,021 2,104 2,107 2,143 2,211 2,113 2,144 1,974 2,086 2,134 2,080 2,069
Kerosines 783 734 711 718 697 782 769 669 729 673 719 764 733 723
Gas/diesel oils 1,996 2,112 2,122 2,055 1,933 2,031 1,991 1,856 1,953 1,839 1,924 1,958 1,841 1,890
Fuel oil 651 637 615 569 637 635 592 589 613 593 591 605 640 607
Other products 692 676 695 919 939 940 1,023 1,070 993 1,146 1,275 1,186 1,170 1,194
Total oil products* 6,196 6,235 6,164 6,365 6,313 6,531 6,586 6,297 6,432 6,225 6,595 6,647 6,464 6,483

*Comprising:
Europe and Africa 2,245 2,106 2,079 1,995 1,977 2,004 2,052 1,879 1,978 1,849 1,911 2,028 1,924 1,927
Asia 1,492 1,614 1,577 1,815 1,908 2,002 1,951 1,959 1,955 1,935 2,084 2,047 2,128 2,049
Oceania 270 278 272 174 51 50 51 53 51 52 53 56 58 55
North & South America 2,189 2,237 2,236 2,381 2,377 2,475 2,532 2,406 2,448 2,389 2,547 2,516 2,354 2,452

Chemical sales volumes by main product category1 (thousand tonnes)

Base Chemicals 9,667 9,695 8,907 8,758 2,021 2,063 2,224 2,047 8,355 2,305 2,515 2,620 2,471 9,911
Intermediates and Other Chemicals Products 9,164 8,974 8,479 8,250 2,171 2,263 2,228 2,131 8,793 1,745 1,733 1,960 1,943 7,381
Total chemicals** 18,831 18,669 17,386 17,008 4,192 4,326 4,452 4,178 17,148 4,050 4,248 4,580 4,414 17,292

**Comprising:
Europe and Africa 6,757 6,451 5,751 5,349 1,215 1,170 1,320 1,268 4,973 1,415 1,472 1,510 1,368 5,765
Asia 5,395 5,662 5,255 5,121 1,440 1,480 1,597 1,378 5,895 1,113 1,129 1,419 1,466 5,127
Oceania 81 75 62 35 - - - - - - - - - -
North & South America 6,598 6,481 6,318 6,503 1,537 1,676 1,535 1,532 6,280 1,522 1,647 1,651 1,580 6,400

Availability (%) 21 26 31 36 37 38 39 40 41 42 43 44 45 46
Refinery 90 92 94 93 95 95 89 83 90 90 89 92 87 90
Petrochemicals manufacturing plant 89 91 92 85 84 86 88 81 85 88 85 93 93 90

1
Excludes feedstock trading and by-products.

Page 12 of 13
Back to Index

CAUTIONARY STATEMENT
All amounts shown throughout this document are unaudited. All peak production figures in Portfolio Developments are quoted
at 100% expected production.

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this document Shell, Shell group
and Royal Dutch Shell are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general.
Likewise, the words we, us and our are also used to refer to subsidiaries in general or to those who work for them. These expressions are
also used where no useful purpose is served by identifying the particular company or companies. Subsidiaries, Shell subsidiaries and Shell
companies as used in this document refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over
which Shell has joint control are generally referred to as joint ventures and companies over which Shell has significant influence but neither
control nor joint control are referred to as associates. The term Shell interest is used for convenience to indicate the direct and/or indirect
ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell
and of the Combination. 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 managements 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, BG and the combined group to market risks and statements expressing managements expectations, beliefs, estimates, forecasts,
projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as anticipate, believe,
could, estimate, expect, goals, intend, may, objectives, outlook, plan, probably, project, risks, schedule, seek,
should, target, will and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch
Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this document, including
(without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shells 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 document are expressly qualified in their entirety by the cautionary statements contained or referred
to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are
contained in Royal Dutch Shells Form 20-F for the year ended December 31, 2015 (available at www.shell.com/investor and www.sec.gov).
These risk factors also expressly qualify all forward-looking statements contained in this document and should be considered by the reader. Each
forward-looking statement speaks only as of the date of this document, February 2, 2017. Neither Royal Dutch Shell plc 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 document.

We may have used certain terms, such as resources, in this document that the United States Securities and Exchange Commission (SEC) strictly
prohibits us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F, File No 1-
32575, available on the SEC website www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330.

February 2, 2017