Simon Henry, CFO of Royal Dutch Shell plc, presented the Royal Dutch Shell plc first quarter 2014 results on April 30, 2014.

1. 1Copyright of Royal Dutch Shell plc 30 April, 2014
BALANCING GROWTH & RETURNS
FIRST QUARTER 2014 RESULTS
30 APRIL 2014
ROYAL DUTCH SHELL PLC

2. 2Copyright of Royal Dutch Shell plc 30 April, 2014
SIMON HENRY
CHIEF FINANCIAL OFFICER
ROYAL DUTCH SHELL PLC

3. 3Copyright of Royal Dutch Shell plc 30 April, 2014
DEFINITIONS & 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 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 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’’, ‘‘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 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, 2013 (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, 30 April, 2014. 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 discovery potential, 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 this form from the SEC by
calling 1-800-SEC-0330.

4. 4Copyright of Royal Dutch Shell plc 30 April, 2014
2014 PRIORITIES
Q1 2014 DELIVERY
Earnings excluding identified items
Deliver new
projects
Enhance our
capital efficiency
Improve our
financial
performance
 CCS earnings $7.3 billion
 Cash flow from operations $14 billion
 Increasing our dividend: Q1 2014 $0.47 per share, +4.4%
 Taking hard choices on portfolio
 $4.5 billion asset sales announced year-to-date
 Mars B start-up
 Majnoon ramp-up
 Repsol LNG integration
 Maturing new options: LNG, deep-water

5. 5Copyright of Royal Dutch Shell plc 30 April, 2014
PRICES & MARGINS
Shell oil & gas realisations
$/barrel
Industry refining margins
$/barrel
Industry chemicals margins
$/tonne$/mscf
5
6
7
8
80
90
100
110
Q113 Q213 Q313 Q413 Q114
-3
0
3
6
9
12
Q113 Q213 Q313 Q413 Q114
0
200
400
600
800
1000
Q113 Q213 Q313 Q413 Q114
Oil
Gas (RHS)
US West Coast
US Gulf Coast coking
Rotterdam complex
Singapore
US ethane
Western Europe naphtha
NE/SE Asia naphtha

6. 6Copyright of Royal Dutch Shell plc 30 April, 2014
Q1 2014 FINANCIAL HIGHLIGHTS
Earnings CCS basis, excluding identified items, ROACE reported FIFO
Earnings Q1 2013 to Q1 2014
$ billion
Earnings Q1 2013 to Q1 2014
7.5 7.3
0.1
(0.3) (0.0)
0
2
4
6
8
Q1
2013
Q1
2014
$ billion
UPSTREAM 5.7 5.7
DOWNSTREAM (CCS) 1.8 1.6
CORPORATE & MINORITIES 0.0 0.0
CCS NET EARNINGS 7.5 7.3
CCS EARNINGS, $ PER SHARE 1.19 1.17
CASH FROM OPERATIONS 11.6 14.0
ROACE (%) 13.0 6.1
SHARE BUY BACKS 0.5 1.2
DIVIDENDS 2.7 2.8
DIVIDEND, $ PER SHARE 0.45 0.47

7. 7Copyright of Royal Dutch Shell plc 30 April, 2014
7.5 7.3
0.4
0.1
0.1(0.3) (0.1)
(0.2) (0.2)
(0.1)
4
6
8
Q1 2014 FINANCIAL DRIVERS
Earnings CCS basis, Earnings excluding identified items
Group earnings Q1 2013 to Q1 2014
$ billion Environment Choice
 Underlying EPS -2%
 Broadly similar environment Q1 – Q1

8. 8Copyright of Royal Dutch Shell plc 30 April, 2014
INTEGRATED GAS PERFORMANCE
Earnings excluding identified items
 Record earnings Q1 14
 High operational availability
+ strong trading contribution
 Repsol LNG business
successfully integrated
Global LNG portfolio availability
%
Financial performance
$ billion
LNG Peru
Altamira
Baja
Nigeria
Hazira
NWS
Pluto
QG-4
Elba
Spain
Prelude
Gorgon
Atlantic LNG
Oman
Sakhalin
Malaysia
Brunei
Cove Point
LNG supply
Under construction
Regasification
Trading flows
Shell’s LNG portfolio
85%
90%
95%
100%
2010 2011 2012 2013 Q114
0%
10%
20%
30%
0
5
10
15
2010 2011 2012 2013 Q114
rolling
Earnings CFFO ROACE (RHS)Availability

9. 9Copyright of Royal Dutch Shell plc 30 April, 2014
-2
2
6
10
-2
2
6
Q113 Q213 Q313 Q413 Q114
0
1
2
Q113 Q213 Q313 Q413 Q114
0
3,5
7
0
2
4
Q113 Q213 Q313 Q413 Q114
UPSTREAM PERFORMANCE Q1 2014
Earnings CCS basis, excluding identified items
Earnings + cash flow
$ billion
Exploration expense
$ billion (pre-tax)
Oil and gas production
Million boe/day
Upstream International
Upstream Americas
Upstream International Upstream Americas
Gas Oil LNG Sales volumes (RHS)
Q2 – Q2 OUTLOOK:
 Production impact:
 LNG sales volumes uplift Atlantic + Peru LNG
 ADCO licence expiry ~155 kboe/d
 Lower maintenance +25 kboe/d
 Nigeria operating challenges
 Increased exploration costs + DD&A
Million tonnes
Cash flow from operations (RHS)

10. 10Copyright of Royal Dutch Shell plc 30 April, 2014
 Updated view on macro:
 Growth in LRS
 Industry gasoline surplus
 Industry refinery overbuild
 ~ $2.6 billion Q1 2014 impairment mainly on
refinery portfolio
 14% of refining asset base impaired
 Announced divestments 2014 year to date:
 Norway
 Italy
 Australia
 Denmark
181,000 b/d refining capacity
300,000 b/d marketing
DOWNSTREAM – RESTRUCTURING OUR PORTFOLIO
CCS earnings excluding identified items
Resilience
Attractiveness
Keep and grow
Fix or divest
Exit
Addressing underperforming portfolio
0
5
10
0
6
12
2009 2010 2011 2012 2013 Q114
rolling
CFFO + ROACE
$ billion
CFFO ROACE (RHS)
%

11. 11Copyright of Royal Dutch Shell plc 30 April, 2014
-4
-2
0
2
4
Q113 Q213 Q313 Q413 Q114
3
4
5
6
7
80
85
90
95
100
Q113 Q213 Q313 Q413 Q114
0
1
2
Q113 Q213 Q313 Q413 Q114
DOWNSTREAM PERFORMANCE Q1 2014
Earnings CCS basis, excluding identified items
Earnings
$ billion
Cash flow
Sales volume
Oil Products Chemicals
Refinery availability Chemicals availability
Oil product (million bbls/d) Chemicals (million tonnes)
Q2 – Q2 OUTLOOK:
 Reduced refinery availability
 Higher chemicals availability
 Refining margin outlook remains bearish
Availability and sales volumes
%
$ billion
CFFO excl w/c movements
Working capital movements
CFFO

12. 12Copyright of Royal Dutch Shell plc 30 April, 2014
0
20
40
60
0
5
10
15
0
10
20
30
40
50
Q113 Q213 Q313 Q413 Q114
0
10
20
30
0
10
20
2010 2011 2012 2013 Q114
Rolling
CASH PERFORMANCE + PAYOUT
FCF = Net cash from operating activities – Net cash used in investing activities
CFFO 12 months rolling
$ billion
Group 12 months cash performance
$ billion
Gearing and pay out
$ billion
CFFO Capex
Sources
Uses
Asset sales Acquisitions
%
Dividend
Buy-backs
Dividend Buyback Gearing (RHS)
$ billion
Upstream
Downstream
Corporate Free cashflow (RHS)
Free cashflow Q114 (RHS)
 Improving free cash flow
 CFFO growth
 2013 acquisitions impacts
 $17 bn dividends distributed + buy-backs 12
months

13. 13Copyright of Royal Dutch Shell plc 30 April, 2014
(10)
0
10
20
30
40
50
60
2010 2011 2012 2013 Q114
-
10
20
30
40
50
60
2010 2011 2012 2013 Q114
-10%
0%
10%
20%
30%
2010 2011 2012 2013 Q114
0%
10%
20%
30%
2010 2011 2012 2013 Q114
COMPETITIVE PERFORMANCE: BALANCING GROWTH AND RETURNS
4Q ROLLING
Cash flow from operations
$ billion, 4Q rolling
Free cash flow
$ billion
ROACE – reported
%
ROACE – underlying
%
Free cashflow: Cashflow from operations less cash used in investing activities; ROACE underlying: CCS basis, excludes indentified items, gains on asset sales
Shell Peer group

14. 14Copyright of Royal Dutch Shell plc 30 April, 2014
PORTFOLIO DEVELOPMENT Q1 2014
Exploration/ option progress FID Start-ups
Divestment /
(Project re-framing)
Engines
 Norway
 Italy
 Australia
 Denmark
 ML South
GrowthPriorities
 LNG Canada – FEED (12 mtpa)
 Lympstone gas
 Rosmari-1
 Pegaga gas
 Repsol LNG integration  Wheatstone LNG
 (Arrow LNG)
 Appomatox – FEED (150 kboed)
 Limbayong oil
 Mars-B (100 kboe/d)
 Petai (30kboe/d)
 BC-10 Brazil 23%
LongerTerm
 Eagle Ford
 Niobrara and Sandwash
 Mississippi Lime 
 UK Peterhead CCS - FEED  Nigeria SPDC reduction
4 discoveries
3 FEEDS
1 FID 3 start-ups
$4.5 billion
announced ytd
FUTURE
OPPORTUNITIES
RESOURCES PLAYS
DEEP-WATER
INTEGRATED GAS
UPSTREAM
ENGINE
DOWNSTREAM
ENGINE
 divestment complete

15. 15Copyright of Royal Dutch Shell plc 30 April, 2014
DELIVER NEW PROJECTS:
START-UPS 2014
 Start-up in Q3 2013 - currently producing >200
kboe/d
 Cost recovery triggered, following test run
 CFFO contribution expected from Q2 2014
 First oil more than 6 months ahead of schedule
 Two subsea wells on-line in Q1 currently
producing ~30 kboe/d
 Expected 100 kboe/d by 2016
Majnoon (Shell 45%) Mars B – February 2014 start-up (Shell 71.5%)
MFJ A
kboed
0
10
20
30
40
kboed
0
75
150
225
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Apr-14
kboed

16. 16Copyright of Royal Dutch Shell plc 30 April, 2014
2014 PRIORITIES
Q1 2014 DELIVERY
Earnings excluding identified items
Deliver new
projects
Enhance our
capital efficiency
Improve our
financial
performance
 CCS earnings $7.3 billion
 Cash flow from operations $14 billion
 Increasing our dividend: Q1 2014 $0.47 per share, +4.4%
 Taking hard choices on portfolio
 $4.5 billion asset sales announced year-to-date
 Mars B start-up
 Majnoon ramp-up
 Repsol LNG integration
 Maturing new options: LNG, deep-water

17. 17Copyright of Royal Dutch Shell plc 30 April, 2014
QUESTIONS & ANSWERS
FIRST QUARTER 2014 RESULTS

18. 18Copyright of Royal Dutch Shell plc 30 April, 2014
BALANCING GROWTH & RETURNS
FIRST QUARTER 2014 RESULTS
30 APRIL 2014
ROYAL DUTCH SHELL PLC