ROYAL DUTCH SHELL PLC

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1 ROYAL DUTCH SHELL PLC INVESTING FOR SUSTAINABLE GROWTH LONDON APRIL 24, 2013 Copyright of Royal Dutch Shell plc April 24,

2 DEFINITIONS AND CAUTIONARY NOTE 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 over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to joint ventures and companies over which Shell has significant influence but neither control nor joint control are referred to as associates. In this presentation, joint ventures and associates may also be 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 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, 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 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 risk factors that may affect future results are contained in Royal Dutch Shell s 20-F for the year ended December 31, 2012 (available at and These risk factors also expressly qualify all forward looking statements contained in this presentation and should be considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, [insert date]. 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 presentation. We may have used certain terms, such as resources, in this presentation that 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 , available on the SEC website You can also obtain these forms from the SEC by calling SEC Copyright of Royal Dutch Shell plc April 24,

3 ROYAL DUTCH SHELL PLC INVESTING FOR SUSTAINABLE GROWTH PETER VOSER CHIEF EXECUTIVE OFFICER Copyright of Royal Dutch Shell plc April 24,

4 AGENDA Plenary Presentation & Q&A: Peter Voser and Chad Holliday: 9:00 10:00 Coffee & pastry break: 10:00-10:35 Q&A (40 min each, 5 minute break): 10:40 13:40 Group A: Group B: Group C: Group D: North America update + Project delivery & safety: Marvin Odum and Matthias Bichsel Scenarios: Jeremy Bentham Oil Sands, Climate change: Lorraine Mitchelmore and Angus Gillespie Nigeria and RDS environmental policy, Water and Partnerships: Mutiu Sunmonu and Allard Castelein Lunch (all together): 13:40-14:30 Copyright of Royal Dutch Shell plc April 24,

SAFETY + ASSET INTEGRITY 5 GOAL ZERO ON SAFETY injuries TRCF/million working hours million working hours 900 STANDARD ASSET INTEGRITY MANAGEMENT 4 3 800 700 Design Integrity Technical Integrity 2 1 0

5 SAFETY + ASSET INTEGRITY 5 GOAL ZERO ON SAFETY injuries TRCF/million working hours million working hours 900 STANDARD ASSET INTEGRITY MANAGEMENT Design Integrity Technical Integrity '03 '04 '05 '06 '07 '08 '09 '10 '11 ' Integrity Leadership Working hours TRCF Operating Integrity Promoting Chronic Unease to avoid complacency Technical process safety discipline team Improving worksite hazard awareness MWCC testing (6,900 ft), GOM, July 2012 Copyright of Royal Dutch Shell plc April 24,

6 TRANSPARENCY SUSTAINABILITY REPORTING SRI FIELDTRIPS & ENGAGEMENT Nigeria, Copyright of Royal Dutch Shell plc April 24,

STRATEGY UPSTREAM Growth strategy; price upside Priority: deep-water, integrated gas, resources plays ORGANIC CAPEX 2013 $ billion 30 FUTURE OPPORTUNITIES LONGER TERM DOWNSTREAM Optimize re-shaped

7 STRATEGY UPSTREAM Growth strategy; price upside Priority: deep-water, integrated gas, resources plays ORGANIC CAPEX 2013 $ billion 30 FUTURE OPPORTUNITIES LONGER TERM DOWNSTREAM Optimize re-shaped portfolio Selective growth 20 RESOURCES PLAYS DEEP-WATER GROWTH PRIORITY CLIMATE CHANGE Grow gas and biofuels CCS and energy efficiency 10 INTEGRATED GAS FINANCIAL OUTLOOK Investing for growth and competitive payout Through-cycle returns and risk management 0 UPSTREAM DOWNSTREAM ENGINES Copyright of Royal Dutch Shell plc April 24,

8 ROYAL DUTCH SHELL PLC INVESTING FOR SUSTAINABLE GROWTH CHAD HOLLIDAY NON EXECUTIVE DIRECTOR CHAIRMAN CORPORATE & SOCIAL RESPONSIBILITY BOARD COMMITTEE Copyright of Royal Dutch Shell plc April 24,

stakeholder engagement Government and regulatory Karoo, South Africa Tight

9 ACTIVITIES OF THE CSRC 2012 Activities Nigeria Visit Gannet platform, North Sea Gannet A platform, UK North Sea 2013 Plans Alaska / Arctic Local stakeholder engagement Government and regulatory Karoo, South Africa Tight gas Whaling ceremony, Nuiqsut, Alaska Copyright of Royal Dutch Shell plc April 24,

PARTNERSHIPS WORKING TOGETHER Leverage outside expertise Scientific organizations NGOs Governmental bodies Environmental Social EXAMPLE: IRAQ - MAJNOON IUCN and Wetlands International Government

10 PARTNERSHIPS WORKING TOGETHER Leverage outside expertise Scientific organizations NGOs Governmental bodies Environmental Social EXAMPLE: IRAQ - MAJNOON IUCN and Wetlands International Government capacity strengthening Biodiversity preservation Marshes classified as Wetland of International Importance (Ramsar) MULTI STAKEHOLDER APPROACH Majnoon, June 2012 Majnoon, natural flooding, February 2013 Copyright of Royal Dutch Shell plc April 24,

REVENUE TRANSPARENCY SHELL POLICY Commitment to transparency Country-level tax disclosure Working with host governments EITI board position MANDATORY REPORTING LEGISLATION Implementation ongoing

11 REVENUE TRANSPARENCY SHELL POLICY Commitment to transparency Country-level tax disclosure Working with host governments EITI board position MANDATORY REPORTING LEGISLATION Implementation ongoing Definitions of project and useful information Potential conflict with host country laws and current contracts Choice of which law to follow Competitive disadvantage ~$25 BLN TAXES & ROYALTIES ~$85 BLN EXCISE TAX COLLECTED IN 2012 LEADERSHIP IN TAX TRANSPARENCY Copyright of Royal Dutch Shell plc April 24,

NEW LENS SCENARIOS SCENARIOS IN SHELL SCENARIO COMPARISON Exajoules 1,000 750 500 40 years of scenarios Designed to stretch management thinking Testing business models Contrasting

12 NEW LENS SCENARIOS SCENARIOS IN SHELL SCENARIO COMPARISON Exajoules 1, years of scenarios Designed to stretch management thinking Testing business models Contrasting plausible views of the future Are not a forecast Oil Gas Biomass/Biofuels Wind Coal Nuclear Other Renewables Solar Copyright of Royal Dutch Shell plc April 24,

13 ROYAL DUTCH SHELL PLC INVESTING FOR SUSTAINABLE GROWTH PETER VOSER CHIEF EXECUTIVE OFFICER Copyright of Royal Dutch Shell plc April 24,

14 WATER-ENERGY-FOOD POTENTIAL FUTURE WATER FOOTPRINT High: Resources Plays GLOBAL SHELL INITIATIVES CEO Water Mandate World Business Council for Sustainable Development Medium: OPERATIONAL LEVEL ACTIONS Future Opportunities Upstream Engine Low: Deep Water Downstream Engine Integrated Gas Groundbirch reclaimed water facility, Canada Copyright of Royal Dutch Shell plc April 24,

15 CLIMATE CHALLENGE GAS BIOFUELS Sakhalin LNG, Russia CCS Raizen, Brazil ENERGY EFFICIENCY Quest, Scotford complex, Canada Global Manufacturing Copyright of Royal Dutch Shell plc April 24,

16 GAS SHELL PRODUCTION CARBON EMISSIONS Million boe/d 4 IGCC 3 GAS Old Coal GAS 2 1 OIL OIL PRICE LINKED OIL OIL PRICE LINKED USC CCGT With CCS Traditional 0 Production Split Price Exposure AFFORDABLE ABUNDANT ACCEPTABLE Production Split 2017/18 Expected Price Exposure Kg C02/MWhr CCGT: Combined Cycle Gas Turbine IGCC: Coal Integrated Gasification Combined Cycle USC: Ultra Super Critical Coal CCS: Carbon Capture & Storage Copyright of Royal Dutch Shell plc April 24,

17 BIOFUELS SHELL Sold 7.7 bln litres of biofuels in % independently certified or met our own sustainability clauses RAIZEN: BRAZIL JV formed 2011, Shell/Cosan ~4,500 retail sites 2.2 bln litres ethanol capacity/yr SHELL EARNINGS FROM RAIZEN $ million 2012 PROGRESS Bonsucro Certified Mills H2 '11 H1 '12 H2 '12 Mechanically Harvested Cane Copyright of Royal Dutch Shell plc April 24,

CARBON CAPTURE AND STORAGE (CCS) & ENERGY EFFICIENCY QUEST CCS FID September 2012 1 mln tonnes/yr C02 capture and storage potential Reduce up to 35% of upgrader emissions Safe storage certification

18 CARBON CAPTURE AND STORAGE (CCS) & ENERGY EFFICIENCY QUEST CCS FID September mln tonnes/yr C02 capture and storage potential Reduce up to 35% of upgrader emissions Safe storage certification by DNV (1st time for a CCS project) Expected onstream 2015 ENERGY INTENSITY Upstream gigajoules/tonnes production Upstream excl. Oil Sands & GTL Refining Index Chemicals Index '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 Index EXAMPLE: PULAO BUKOM ~$230 mln co-gen investment FID d 2012 C02 savings of ~0.1mtpa when onstream Manufacturing wide rollout of Energy management software Quest CCS project, Canada oil sands Copyright of Royal Dutch Shell plc April 24,

19 SHELL IN NIGERIA PERSONAL SAFETY INDICATORS per million working hours Shell in Nigeria TRCF (total recordable case frequency) SPDC: OPERATIONAL SPILLS thousand tonnes 8 # PROGRESS Significant operational spill volume reduction Remediation backlog essentially cleared Forcados Yokri & Southern Swamp AGG/Domestic gas FID s REMEDIATION PERFORMANCE # of spills sites volume of spills: number of spills (RHS): No. Spills in Year all causes Total Outstanding Copyright of Royal Dutch Shell plc April 24, 2013 All data on a Shell operated basis 19

NIGERIA: SPDC JV FLARING FORCADOS YOKRI & SOUTHERN SWAMP AGG/Dom gas FIDs Completion in 2014/2015; ~ $4 billion SPDC JV FLARE VOLUMES & INTENSITY MMscf per day Mscf/bbl 900 1.

20 NIGERIA: SPDC JV FLARING FORCADOS YOKRI & SOUTHERN SWAMP AGG/Dom gas FIDs Completion in 2014/2015; ~ $4 billion SPDC JV FLARE VOLUMES & INTENSITY MMscf per day Mscf/bbl Gas gathering, facility upgrades and new oil production Flaring Flaring intensity (RHS) 1.0 When complete this should take SPDC JV flaring intensity below current global industry average Southern Swamp, Proposed gas plant at Tunu : 80% REDUCTION IN FLARING SPDC = 30% Shell, 55% NNPC, 10% Total, 5% Agip; all data on 100% basis Copyright of Royal Dutch Shell plc April 24,

21 NIGERIA OIL THEFT Large scale illegal refining along the Nembe Creek trunk line, Q Illegal refining, Imo River, Q Attempted theft, Trans Niger Pipeline, Q Copyright of Royal Dutch Shell plc April 24,

22 NIGERIA SPDC: INDUSTRIAL SCALE CRUDE THEFT kbbl per day 150 Niger Delta wide UN theft estimate of 150,000 bbl/d or ~55,000,000 bbl/year Spills due to sabotage on SPDC rights of way or from SPDC facilities 24,545 bbl 0 Measured as stolen from SPDC trunk lines: ~60,000 bbl/d or ~22,000,000 bbl/year 2012 Operational Spills 1,359 bbl ~70% recovery of spilled oil during cleanup in 2012 Copyright of Royal Dutch Shell plc April 24,

23 2012 ALASKA PERFORMANCE 2 top holes drilled >20 vessels and 2,000 employees/ contractors, ~12,000 employee rotations Positive support from community Kulluk rig incident 2013 pause in activity 300 km MULTIPLE DRILLING BARRIERS DRILLING FLUID 1 BLOW OUT PREVENTER CAPPING STACK 3 4 ARCTIC CONTAINMENT SYSTEM Kulluk towed to safe harbour in Kiliuda Bay, Jan Photo credit to Unified Command 1 Copyright of Royal Dutch Shell plc April 24,

to DECC Q1 2014 Brent field schematic, UK North Sea STAKEHOLDER ENGAGEMENT 12 stakeholder dialogue sessions Brent E-News Independent review group for

24 BRENT DECOMMISSIONING Brent has produced 2 billion bbls of oil and 5.8 tcf of gas Brent Delta ceased production Dec 31 st other platforms continue to produce Well abandonments already started Decommissioning plan to DECC Q Brent field schematic, UK North Sea STAKEHOLDER ENGAGEMENT 12 stakeholder dialogue sessions Brent E-News Independent review group for studies The Environmental Council provides facilitation for stakeholder engagement Cell Management stakeholder task group Brent size comparison with Canary Wharf Copyright of Royal Dutch Shell plc April 24,

25 RESOURCES PLAYS TIGHT GAS/LIQUIDS RICH SHALE 2012 DEVELOPMENTS Center for Sustainable Shale Development (CSSD) launched Shell one of two founding industry partners; engos, foundations 15 audited performance standards Appalachia region GHG quantification work on-going with EDF and University of Texas Austin China operational build-up Copyright of Royal Dutch Shell plc April 24,

SUSTAINABLE DEVELOPMENT EMBEDDED IN SHELL STRATEGY Building trust Communities, Society, Industry Taking Action Cleaner energy, CCS, water Partnerships and Principles Multi-stakeholder approach

26 SUSTAINABLE DEVELOPMENT EMBEDDED IN SHELL STRATEGY Building trust Communities, Society, Industry Taking Action Cleaner energy, CCS, water Partnerships and Principles Multi-stakeholder approach Environmental, Social As part of the Shell Business Principles, we commit to contribute to sustainable development. This requires balancing short and long term interests, integrating economic, environmental and social considerations into business decision-making. Shell General Business Principles Reed bed filtration, PDO, Oman Copyright of Royal Dutch Shell plc April 24,

27 INVESTING FOR SUSTAINABLE GROWTH QUESTIONS & ANSWERS Copyright of Royal Dutch Shell plc April 24,

28 ROYAL DUTCH SHELL PLC INVESTING FOR SUSTAINABLE GROWTH LONDON APRIL 24, 2013 Copyright of Royal Dutch Shell plc April 24,

RESPONSE TO SHAREHOLDER RESOLUTION ON CLIMATE CHANGE 2015 AGM 19 MAY 2015 ROYAL DUTCH SHELL PLC

RESPONSE TO SHAREHOLDER RESOLUTION ON CLIMATE CHANGE 2015 AGM 19 MAY 2015 ROYAL DUTCH SHELL PLC 1 DEFINITIONS & CAUTIONARY NOTE Reserves: Our use of the term reserves in this presentation means SEC proved