Royal Dutch Shell reported its third quarter 2016 results. Key points included: - Earnings of $2.8 billion, down from $2.4 billion in the third quarter of 2015, driven by lower oil and gas prices being offset by higher volumes and lower costs. - Oil and gas production of 3.25 million barrels of oil equivalent per day, up from 3 million the previous year. - LNG liquefaction volumes of 3.75 million tonnes. - Continued focus on re-shaping Shell through consolidating BG, updating capital investment guidance, reducing costs and divestments.

1. Royal Dutch Shell November 1, 2016
Royal Dutch Shell plc
November 1, 2016
Third quarter 2016 results
Re-shaping Shell,
to create a world-class investment case
“Let’s make the future”

2. Royal Dutch Shell November 1, 2016
Simon Henry
Chief Financial Officer
Royal Dutch Shell

3. Royal Dutch Shell November 1, 2016 3
Definitions &
cautionary note
Reserves: Our use of the term “reserves” in this presentation means SEC proved oil and gas reserves.
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. Resources are consistent with the Society of
Petroleum Engineers (SPE) 2P + 2C definitions.
Resources and potential: Our use of the term “resources and potential” are consistent with SPE 2P + 2C + 2U definitions.
Organic: Our use of the term Organic includes SEC proved oil and gas reserves excluding changes resulting from acquisitions, divestments and year-average pricing impact.
Shales: Our use of the term ‘shales’ refers to tight, shale and coal bed methane oil and gas acreage.
Underlying operating cost is defined as operating cost less identified items. A reconciliation can be found in the quarterly results announcement.
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this release “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 release refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint
control are generally referred to as “joint ventures” and “joint operations” respectively. Entities 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 release 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 release,
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. There can be no assurance that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this
release 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, 2015 (available at www.shell.com/investor and www.sec.gov ).
These risk factors also expressly qualify all forward-looking statements contained in this release and should be considered by the reader. Each forward-looking statement speaks only as of the date
of this release, November 1, 2016. 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
release.
With respect to operating costs synergies indicated, such savings and efficiencies in procurement spend include economies of scale, specification standardisation and operating efficiencies across
operating, capital and raw material cost areas.
We may have used certain terms, such as resources, in this release 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 1-32575, available on the SEC website www.sec.gov.

4. Royal Dutch Shell November 1, 2016 4
Summary
Business mix underpins results
 Downstream + Integrated Gas offsetting Upstream
 Underlying CCS earnings $2.8 billion
 CFFO $8.5 billion
 Q316 dividend $0.47 per share
Continued drive to re-shape Shell
 Consolidating BG into Shell
 Updated capital investment guidance
 Progressing cost reductions, divestments and
project start-ups
Leader: value +
influence
Reducing our
carbon intensity
Shared value
with society
World-class
investment case
 FCF/share + ROCE growth
 Conservative financial
management

5. Royal Dutch Shell November 1, 2016
$ billion Q3 2015 Q3 2016
Upstream (0.6) 0.0
Integrated Gas 0.9 0.9
Downstream (CCS) 2.6 2.1
Corporate & non-controlling
interest
(0.6) (0.2)
CCS net earnings 2.4 2.8
CCS earnings, $ per share 0.38 0.35
Cash flow from operations 11.2 8.5
ROACE (%) 6.1 2.8
Dividends 3.0 3.8
Dividend, $ per share 0.47 0.47
5
Q3 2016
Financial
highlights
Earnings and ROACE on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
Environment Choice

6. Royal Dutch Shell November 1, 2016
2.75
3.00
3.50
6
Q3 2016
Oil and gas
production
Million boe per day
Upstream + Integrated Gas – oil & gas
Million tonnes
LNG liquefaction volumes
Choice: +28%
3.25
3.75

7. Royal Dutch Shell November 1, 2016
$ billion Q3 2016
Q3 2016
4 Quarters
Beginning cash 15.2 31.8
Earnings 1.4 4.1
Depreciation 6.2 23.7
Working capital / other 0.9 (11.0)
Divestments 0.3 3.3
Capex / other investment (5.5) (24.6)
BG acquisition cash - (11.4)
Shareholder distributions (2.7) (9.3)
Debt / other financing 4.1 13.3
Ending cash 20.0 20.0
7
Q3 2016
Sources and
uses of cash
$ billion
Q3 2016 – 4 Quarters rolling
Dividend
Capex / other investment
Debt / other financing
Divestments
BG acquisition – cash element
Cash flow from operations
Priorities for cash:
 Debt reduction
 Dividends
 Buybacks + capital
investment

8. Royal Dutch Shell November 1, 2016
2016-2018 completed + announced $ billion
Completed – MLP 0.8
– Denmark marketing 0.3
– N.Z.: Maui pipeline 0.2
– MGL IPO 0.1
– Others 0.3
Total completed 1.7
Announced – Showa Shell ~1.4
– Western Canada shales ~1.0
– Brutus/Glider ~0.4
– PSPC IPO ~0.3
– Malaysia & Denmark refining
~0.2
– North Sabah EOR PSC
– Anasuria cluster
– Maclure
Total announced ~3.3
TOTAL ~5.0
In progress – Motiva JV end
– N.Z.: upstream strategic review
– Thailand strategic review
– Selective North Sea strategic review
8
Manage down-cycle
Divestments
Integrated Gas split out from Upstream from 2011 onwards
$ billion
Divestment programme
 $30 billion 2016-18
 Progressing $6-8 billion
2016
 5-10 countries; ~10% of
production
Downstream/Corporate High grading ‘tail’
Infrastructure + mature positions
Refocus portfolio
Upstream
Integrated Gas
Divestments
Reduce
capital investment
Reduce
operating costs
Deliver
new projects
2016-2018
~$30 billion

9. Royal Dutch Shell November 1, 2016 9
Manage down-cycle
Pulling levers to
manage
financial
framework
Operating costs excluding identified items; capital investment 2016 excludes BG purchase price
$ billion
Capital investment
$ billion
Operating costs
Divestments
Reduce
capital investment
Reduce
operating costs
Deliver
new projects
 Confirming $29 billion capital investment 2016
 2016-20 $25-$30 billion range
 2017 ~$25 billion
 Outlook for growth in free cash flow and returns
unchanged
 Underlying operating costs <$40 billion
 Ahead of earlier guidance
-$18 billion
Shell BG Shell + BG C.I. on a cash basis Shell BG
-$9 billion

10. Royal Dutch Shell November 1, 2016 10
Deliver new projects
2016-17 start-ups
2016 start-up production: once fully ramped-up
 2016 start-ups: >250 kboe/d ; 3.9 mtpa LNG
Divestments
Reduce
capital investment
Reduce
operating costs
Deliver
new projects
BC-10 Ph3
 Shell 50%
Gorgon start-up
 15.6 mtpa LNG
 Shell 25%
Kashagan
 300 kboe/d
 Shell 17%
Stones
 50 kboe/d
 Shell 100%
8th FPSO – ‘Saquarema’
 150 kboe/d
 Shell 25%
9th FPSO – ‘Caraguatauba’
 100 kboe/d
 Shell 30%
ML South start-up
 35 kboe/d
 Shell 35%
7th FPSO 1st oil – ‘Maricá’
 150 kboe/d
 Shell 25% 



 Start-up



Q3 2016
Q3 2016
Forcados Yokri
 50 kboe/d
 Shell 30%
Gbaran Ubie ph2
 150 kboe/d
 Shell 30%
Geismar AO4
 425 ktpa alpha olephins
 Shell 100%
Malikai
 60 kboe/d
 Shell 35%
Pernis – Solvent deasphalting
 7.2 kbpd
 Shell 100%
Schiehallion redevelopment
 125 kboe/d
 Shell 55%
Scotford HCU debottleneck
 14 kbpd
 Shell 100%
Q3 2016 10th FPSO – ‘Lula South’
 150 kboe/d
 Shell 25%
11th FPSO – ‘Lula North’
 150 kboe/d
 Shell 25%

11. Royal Dutch Shell November 1, 2016 11
LNG supply +
demand Million tonnes
LNG – Supply development
Million tonnes
LNG – Demand
 Supply growth led by
Australia
 New buyers

12. Royal Dutch Shell November 1, 2016 12
Summary
Business mix underpins results
 Downstream + Integrated Gas offsetting Upstream
 Underlying CCS earnings $2.8 billion
 CFFO $8.5 billion
 Q316 dividend $0.47 per share
Continued drive to re-shape Shell
 Consolidating BG into Shell
 Updated capital investment guidance
 Progressing cost reductions, divestments and
project start-ups
Leader: value +
influence
Reducing our
carbon intensity
Shared value
with society
World-class
investment case
 FCF/share + ROCE growth
 Conservative financial
management

13. Royal Dutch Shell November 1, 2016
Questions & Answers
Maarten Wetselaar
Director - Integrated Gas & new energies
Simon Henry
Chief Financial Officer
13

14. Royal Dutch Shell November 1, 2016 14
Q4 2016
Outlook
Q4 – Q4 OUTLOOK: Year-ago baseline reflects Shell’s earnings seasonality
 Upstream
 Divestment impact: ~-25 kboe/d
 Maintenance: ~+25 kboe/d
 Security impact Nigeria
 Integrated gas
 Accounting reclassification Woodside: ~-34 kboe/d
 Maintenance: ~+15 kboe/d
 Downstream
 Refinery availability higher
 Divestment impact Marketing volumes: ~-100 kboe/d
 PPA - depreciation charge increase: up to $0.2 billion after tax
 Shell + BG earnings sensitivity (2016):
 Brent: $10/bbl Brent +/- ~$5 billion earnings per annum, of which:
 Upstream +/- ~$3 billion
 Integrated Gas +/- ~$2 billion (4-6 month LNG price lag versus Brent)
 Henry Hub: $1/mmbtu +/- ~$250 million earnings per annum

15. Royal Dutch Shell November 1, 2016
Q3 2016
Prices & margins $/barrel
Shell oil & gas realisations
$/barrel
Industry refining margins
$/tonne
Industry chemicals margins
US ethane
Western Europe naphtha
NE/SE Asia naphtha
US West Coast
US Gulf Coast coking
Rotterdam complex
Singapore
Oil
Gas (RHS)
15

16. Royal Dutch Shell November 1, 2016 16
Q3 2016
Upstream results
Earnings on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
 Lower prices
 Lower costs + higher
volumes
Environment Choice

17. Royal Dutch Shell November 1, 2016 17
Q3 2016
Integrated Gas
results
Earnings on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
 Lower oil + gas prices
 Increased volumes + lower
well write-offs
Environment Choice
1.2
0

18. Royal Dutch Shell November 1, 2016 18
Q3 2016
Downstream
results
Earnings on CCS basis, excluding identified items
$ billion
Earnings Q3 2015 to Q3 2016
$ billion
Earnings mix
 Lower industry refining
margins
 Uplift from lower costs
Marketing
Refining & Trading
Chemicals

19. Royal Dutch Shell November 1, 2016
Royal Dutch Shell plc
November 1, 2016
Third quarter 2016 results
Re-shaping Shell,
to create a world-class investment case
“Let’s make the future”

20. Royal Dutch Shell November 1, 2016