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RDS 4th Quarter and Full Year 2012 Unaudited Results

January 31, 2013

THE HAGUE, The Netherlands, January 31, 2013 /PRNewswire/ –

Royal Dutch Shell’s (NYSE:RDS.A)(NYSE:RDS.B) fourth quarter 2012 earnings, on a
current cost of supplies (CCS) basis (see Note 1), were $7.3 billion compared with $6.5
billion in the same quarter a year ago. Full year 2012 CCS earnings were $27.0 billion
compared with $28.6 billion in 2011.

Fourth quarter 2012 CCS earnings, excluding identified items (see page 4), were $5.6
billion compared with $4.8 billion in the fourth quarter 2011, an increase of 15%. Full
year 2012 CCS earnings excluding identified items were $25.1 billion compared with $24.7
billion in 2011, an increase of 2%.

Basic CCS earnings per share excluding identified items increased by 14% versus the
same quarter a year ago. Basic CCS earnings per share excluding identified items for the
full year 2012 increased by 1% versus 2011.

Cash flow from operating activities was $9.9 billion in the fourth quarter 2012 and
$46.1 billion for the full year. Excluding movements in working capital, cash flow from
operating activities was $8.9 billion in the fourth quarter 2012 and $42.7 billion for the
full year.

Gearing at the end of 2012 was 9.2% versus 13.1% at the end of 2011.

A fourth quarter 2012 dividend has been announced of $0.43 per ordinary share and
$0.86 per American Depositary Share (ADS), an increase of 2.4% compared with the fourth
quarter 2011.

The first quarter 2013 dividend is expected to be declared at $0.45 per share and
$0.90 per ADS, an increase of 4.7% compared with the first quarter 2012.

        Summary of unaudited results
                 Quarters                    $ million              Full year
                          Q4
        Q4 2012 Q3 2012  2011  %[1]                              2012   2011    %
                                    Income attributable to
          6,671   7,139  6,500  +3  shareholders                26,592  30,918 -14
                                    Current cost of supplies
                                    (CCS) adjustment for
            623 (1,012)   (41)      Downstream                     452 (2,293)
          7,294   6,127  6,459 +13  CCS earnings                27,044  28,625  -6
          1,712   (432)  1,613      Less: Identified items[2]    1,905   3,938
                                    CCS earnings excluding
          5,582   6,559  4,846 +15  identified items            25,139  24,687  +2
                                    Of which:
          4,377   4,888  5,107      Upstream                    20,025  20,600
          1,163   1,731  (278)      Downstream                   5,311   4,274
                                    Corporate and
             42    (60)     17      Non-controlling interest     (197)   (187)
                                    Cash flow from operating
          9,913   9,483  6,465 +53  activities                  46,140  36,771 +25
                                    Basic CCS earnings per
           1.16    0.98   1.04 +12  share ($)                     4.32    4.61  -6
                                    Basic CCS earnings per ADS
           2.32    1.96   2.08      ($)                           8.64    9.22
                                    Basic CCS earnings per
                                    share excl. identified
           0.89    1.05   0.78 +14  items ($)                     4.02    3.97  +1
                                    Basic CCS earnings per ADS
           1.78    2.10   1.56      excl. identified items ($)    8.04    7.94
           0.43    0.43   0.42  +2  Dividend per share ($)        1.72    1.68  +2
           0.86    0.86   0.84      Dividend per ADS ($)          3.44    3.36

        [1] Q4 on Q4 change.
        [2] See page 4.

Royal Dutch Shell Chief Executive Officer Peter Voser commented:

“With the first year of our 2012-2015 growth targets completed, Shell is on track for
plans we set out in early 2012, despite headwinds last year.

“Shell is competitive and innovative. We are delivering a strategy that others can’t
easily repeat, with unique skills in technology and integration and a worldwide set of
opportunities for new investment.”

FOURTH QUARTER 2012 portfolio developments

Upstream

In Australia, Shell completed the acquisition of Chevron’s 16.7% interest in East
Browse and Chevron’s 20% interest in West Browse in exchange for Shell’s 33.3% interest in
Clio-Acme and cash.

Also in Australia, Shell acquired an additional 2% interest in the Crux gas and
condensate field from Nexus Energy, increasing Shell’s interest to 82%.

Front-end engineering and design contracts were awarded for the 2.5 million tonnes per
annum capacity floating LNG facility and the major subsurface production facilities for
the development of the Abadi LNG project (Shell share 30%) in Indonesia.

In Malaysia, Shell took the final investment decision for the development of the
deep-water oil field Malikai, part of the Block G production-sharing contract (Shell share
35%), offshore Sabah. The Shell-operated project is expected to produce some 60 thousand
barrels of oil equivalent per day (“boe/d”) at peak production.

Also in Malaysia, the Shell-operated deep-water Gumusut-Kakap field (Shell share 33%)
commenced early oil production via a tie-back of two production wells to the nearby Kikeh
production facility. This interim measure is expected to produce some 25 thousand barrels
per day of oil until the Gumusut-Kakap floating production system is on stream.

In Qatar, Shell completed the ramp-up of the Pearl GTL project.

In the United Kingdom, Shell agreed to acquire 75% of Hess Corporation’s interests in
the Beryl area fields and SAGE infrastructure. This transaction was completed in January
2013, lifting Shell’s production in the Beryl area fields from 9 thousand boe/d to 20
thousand boe/d.

Also in the United Kingdom, Shell agreed to acquire an additional 5.9% interest in the
offshore Schiehallion field from Murphy Schiehallion Limited. Following completion of this
transaction, expected in 2013, Shell’s interest in the field will be 55%.

Upstream divestment proceeds totalled some $1.7 billion in the fourth quarter 2012.
Divestments mainly included Shell’s 30% interest in Oil Mining Lease 30 (Shell share of
production 11 thousand boe/d) in the Niger Delta, Shell’s 50% interest in the Holstein
field (Shell share of production 5 thousand boe/d) in the Gulf of Mexico and Shell’s
interest in the Seal area (Shell share of production 2 thousand boe/d) within the Peace
River oil sands of Alberta, Canada.

During the fourth quarter 2012, Shell participated in the Arnhem-1, Pinhoe-1 (Shell
share 50%) gas discoveries in the outer Exmouth and the Satyr-4 (Shell share 25%) gas
discovery in the Gorgon area offshore Australia and the Zabazaba-3 oil discovery (Shell
share 50%) offshore Nigeria. Shell also had successful drilling programmes in liquids-rich
shales in North America and coal bed methane in Australia.

As part of its global exploration programme Shell added new acreage positions during
the fourth quarter 2012, including the Zitong tight-gas block onshore China, deep-water
positions in the Gulf of Mexico and offshore New Zealand. New acreage positions were also
added offshore Canada, Colombia and Malaysia, onshore Egypt, Russia and in liquids-rich
shales in North America.

Downstream

In Poland, Shell agreed to acquire Neste Oil Corporation’s network of 105 retail
sites. The transaction, which is subject to regulatory approvals, is expected to be
completed in 2013.

Downstream divestment proceeds totalled some $0.2 billion. Divestments mainly included
Shell’s LPG business in Malaysia and the majority of Shell’s shareholding in its
downstream businesses in Botswana, Kenya and Namibia.

Key features of the Fourth quarter AND FULL YEAR 2012

        - Fourth quarter 2012 CCS earnings (see Note 1) were $7,294 million, 13%
          higher than in the same quarter a year ago. Full year 2012 CCS earnings were $27,044
          million, 6% lower than in 2011.
        - Fourth quarter 2012 CCS earnings excluding identified items (see page 4) were
          $5,582 million compared with $4,846 million in the fourth quarter 2011, an increase of
          15%. Full year 2012 CCS earnings excluding identified items were $25,139 million, 2%
          higher than in 2011.
        - Basic CCS earnings per share increased by 12% versus the same quarter a year
          ago. Full year 2012 basic CCS earnings per share decreased by 6% compared with 2011.
        - Basic CCS earnings per share excluding identified items increased by 14%
          versus the same quarter a year ago. Full year 2012 basic CCS earnings per share
          excluding identified items increased by 1% compared with 2011.
        - Cash flow from operating activities for the fourth quarter 2012 was $9.9
          billion, compared with $6.5 billion in the same quarter last year. Excluding movements
          in working capital, cash flow from operating activities in the fourth quarter 2012 was
          $8.9 billion, compared with $7.2 billion in the same quarter last year.
        - Full year 2012 cash flow from operating activities was $46.1 billion, compared
          with $36.8 billion in 2011. Excluding movements in working capital, cash flow from
          operating activities in 2012 was $42.7 billion, compared with $43.2 billion in 2011.
        - Net capital investment (see Note 1) for the fourth quarter 2012 was $10.9
          billion, bringing the full year 2012 total to $29.8 billion. Capital investment was
          $12.8 billion for the fourth quarter 2012 and $36.8 billion for the full year.
          Proceeds from divestments were $1.9 billion for the fourth quarter 2012 and $7.0
          billion for the full year.
        - Return on average capital employed (see Note 3) for 2012 on a reported income
          basis was 12.7%.
        - Gearing was 9.2% at the end of 2012 versus 13.1% at the end of 2011.
        - Total dividends distributed in the fourth quarter 2012 were $2.8 billion, of
          which some $1.1 billion were settled by issuing some 34.2 million Class A shares under
          the Scrip Dividend Programme for the third quarter 2012. Under our share buyback
          programme some 13.0 million Class B shares were bought back for cancellation during
          the quarter for a consideration of $0.5 billion.
        - Total dividends distributed in the full year 2012 were $11.0 billion, of which
          some $3.6 billion were settled by issuing some 103.8 million Class A shares under the
          Scrip Dividend Programme. Some 43.7 million Class B shares were bought back for
          cancellation during 2012 for a consideration of $1.5 billion.
        - When final volumes are reported in the 2012 Annual Report and Form 20-F, Shell
          expects that proved oil and gas reserves additions before taking into account
          production on an SEC basis will be around 0.5 billion boe.

With 2012 production of some 1.2 billion boe, our headline proved Reserves Replacement
Ratio for the year on an SEC basis is expected to be around 44%. Our Organic Reserves
Replacement Ratio, which excludes the impact of oil and gas price movements in the year
(mainly due to low gas prices in North America), acquisitions and divestments, is expected
to be around 85%.

At the end of 2012, total proved reserves on an SEC basis are expected to be around
13.6 billion boe, after taking into account 2012 production.

The 3 year average headline proved Reserves Replacement Ratio on an SEC basis is
expected to be around 84%. Our 3 year average Organic Reserves Replacement Ratio, which
excludes the impact of oil and gas price movements in the year, acquisitions and
divestments, is expected to be around 115%.

Further information will be provided in our Annual Report and Form 20-F, which is
expected to be filed in March 2013.

        - Supplementary financial and operational disclosure for the fourth quarter
          2012 is available at http://www.shell.com/investor.

Summary of identified items

Earnings in the fourth quarter 2012 reflected the following items, which in aggregate
amounted to a net gain of $1,712 million (compared with a net gain of $1,613 million in
the fourth quarter 2011), as summarised in the table below:

        - Upstream earnings included a net gain of $1,801 million, reflecting gains
          of $1,756 million mainly related to divestments, and the mark-to-market valuation of
          certain gas contracts (see Note 2). Upstream earnings for the fourth quarter 2011
          included a net gain of $1,458 million.
        - Downstream earnings included a net charge of $89 million, reflecting losses
          related to divestments, partly offset by a tax credit. Downstream earnings for the
          fourth quarter 2011 included a net gain of $34 million.
        - Corporate results and Non-controlling interest did not include any identified
          items in the fourth quarter of 2012. Corporate results and Non-controlling interest
          for the fourth quarter 2011 included a net gain of $121 million.

        Summary of Identified Items           

               Quarters                    $ million               Full year
        Q4 2012 Q3 2012 Q4 2011                                   2012   2011
                                Segment earnings impact of
                                identified items:
          1,801   (298)   1,458 Upstream                          2,137  3,855
            (89)  (134)      34 Downstream                           39     15
                                Corporate and Non-controlling
              -       -     121 interest                           (271)    68
          1,712   (432)   1,613 Earnings impact                   1,905  3,938

These identified items generally relate to events with an impact of more than $50
million on Royal Dutch Shell’s CCS earnings and are shown to provide additional insight
into segment earnings and income attributable to shareholders. Further comments on the
business segments are provided in the section ‘Earnings by Business Segment’ on pages 5 to
7.

Earnings BY BUSINESS segment

        Upstream
                  Quarters                    $ million              Full year
        Q4 2012 Q3 2012 Q4 2011 %[1]                              2012   2011   %
                                     Upstream earnings excluding
          4,377   4,888   5,107 -14  identified items            20,025 20,600  -3
          6,178   4,590   6,565  -6  Upstream earnings           22,162 24,455  -9
                                     Upstream cash flow from
          6,165   8,278   6,485  -5  operating activities        33,061 30,579  +8
                                     Upstream net capital
          9,323   6,932   7,363 +27  investment                  25,320 19,083 +33
                                     Liquids production
                                     available for sale
          1,640   1,599   1,644  -   (thousand b/d)               1,633  1,666  -2
                                     Natural gas production
                                     available for sale (million
         10,288   8,022   9,633  +7  scf/d)                       9,449  8,986  +5
                                     Total production available
          3,414   2,982   3,305  +3  for sale (thousand boe/d)    3,262  3,215  +1
                                     Equity LNG sales volumes
           5.49    4.97    4.84 +13  (million tonnes)             20.20  18.83  +7

        [1] Q4 on Q4 change

Fourth quarter Upstream earnings excluding identified items were $4,377 million
compared with $5,107 million a year ago. Identified items were a net gain of $1,801
million, compared with a net gain of $1,458 million in the fourth quarter 2011 (see page
4).

Compared with the fourth quarter 2011, Upstream earnings excluding identified items
benefited from the contribution of Integrated Gas, reflecting the ramp-up of Pearl GTL in
Qatar, higher equity LNG sales volumes and realisations as well as increased LNG trading
contributions. Earnings were lower than in the fourth quarter 2011 mainly due to increased
operating expenses, higher depreciation and higher exploration expenses. Earnings were
also impacted by lower liquids and synthetic crude oil realisations in the Americas, which
incurred a loss.

Global liquids realisations were 1% lower than in the fourth quarter 2011. In Canada,
synthetic crude oil realisations were 19% lower than in the same period last year. Global
natural gas realisations were 3% higher than in the same quarter a year ago, with a 4%
decrease in the Americas and a 3% increase outside the Americas.

Fourth quarter 2012 production was 3,414 thousand boe/d compared with 3,305 thousand
boe/d a year ago, an increase of 3%. Liquids production was in line with the fourth
quarter 2011, while natural gas production increased by 7%.

New field start-ups and the continuing ramp-up of fields, in particular Pearl GTL in
Qatar and Pluto LNG in Australia, contributed some 235 thousand boe/d to production in the
fourth quarter 2012, which more than offset the impact of field declines.

Equity LNG sales volumes of 5.49 million tonnes were 13% higher than in the same
quarter a year ago. Equity LNG sales volumes reflected the contribution from Pluto LNG and
higher volumes from Qatargas 4 LNG.

Full year Upstream earnings excluding identified items were $20,025 million compared
with $20,600 million in 2011. Identified items were a net gain of $2,137 million, compared
with a net gain of $3,855 million in 2011.

Compared with 2011, Upstream earnings excluding identified items benefited from the
contribution of Integrated Gas, reflecting the ramp-up of Pearl GTL in Qatar, higher LNG
realisations as well as increased LNG trading contributions and equity LNG sales volumes.
Earnings also reflected higher gas realisations outside the Americas. These items were
more than offset by reduced contributions of the Americas, mainly as a result of higher
depreciation, increased operating expenses, higher exploration expenses and lower gas
realisations.

Global liquids realisations were 1% higher than in 2011. In Canada, synthetic crude
oil realisations were 11% lower than in 2011. Global natural gas realisations were 1%
higher than in 2011, with a 31% decrease in the Americas and a 9% increase outside the
Americas.

Full year 2012 production was 3,262 thousand boe/d compared with 3,215 thousand boe/d
for 2011. Liquids production was down 2% and natural gas production increased by 5%
compared with 2011. Excluding the impact of divestments and exits, production volumes in
2012 were 3% higher than in 2011.

New field start-ups and the continuing ramp-up of fields, in particular the ramp-up of
Pearl GTL in Qatar and Pluto LNG in Australia, contributed some 225 thousand boe/d to
production in 2012, which more than offset the impact of field declines.

Equity LNG sales volumes of 20.20 million tonnes were 7% higher than in 2011, mainly
reflecting the successful ramp-up of Qatargas 4 LNG in Qatar and the start-up of Pluto LNG
in Australia.

        DOWNSTREAM
                  Quarters                   $ million              Full year
        Q4 2012 Q3 2012 Q4 2011 %[1]                             2012   2011   %
                                     Downstream CCS earnings
          1,163   1,731   (278)  -   excluding identified items  5,311  4,274  +24
          1,074   1,597   (244)  -   Downstream CCS earnings     5,350  4,289  +25
                                     Downstream cash flow from
          4,303     335     324  -   operating activities       11,111  4,921 +126
                                     Downstream net capital
          1,471   1,051   2,362 -38  investment                  4,275  4,342   -2
                                     Refinery processing intake
          2,804   2,880   2,666  +5  (thousand b/d)              2,819  2,845   -1
                                     Oil products sales volumes
          6,367   6,290   6,155  +3  (thousand b/d)              6,235  6,196   +1
                                     Chemicals sales volumes
          4,620   4,699   4,440  +4  (thousand tonnes)          18,669 18,831   -1

        [1] Q4 on Q4 change

Fourth quarter Downstream earnings excluding identified items were $1,163 million
compared with a loss of $278 million in the fourth quarter 2011. Identified items were a
net charge of $89 million, compared with a net gain of $34 million in the fourth quarter
2011 (see page 4).

Compared with the fourth quarter 2011, Downstream earnings excluding identified items
benefited from higher realised refining margins and Shell’s improved operating
performance, as well as increased contributions from marketing and trading. Chemicals
earnings were lower, mainly as a result of higher operating expenses and, in the United
States, supply constraints of advantaged feedstock.

Oil products sales volumes were 3% higher compared with the same period a year ago,
mainly as a result of increased trading volumes.

Chemicals sales volumes increased by 4% compared with the same quarter last year, due
to improved operating performance and demand. Chemicals manufacturing plant availability
was 91% compared with 86% in the fourth quarter 2011, mainly due to lower planned
maintenance activities.

Refinery intake volumes were 5% higher compared with the fourth quarter 2011.
Excluding portfolio impacts, refinery intake volumes were 8% higher than in the same
period a year ago. Refinery availability was 92%, in line with the fourth quarter 2011.

In the United States, the crude distillation unit at the expansion of Motiva’s
refinery (Shell share 50%) in Port Arthur, Texas was restarted in January 2013 and is
expected to ramp-up during early 2013.

Full year Downstream earnings excluding identified items were $5,311 million compared
with $4,274 million in 2011. Identified items were a net gain of $39 million, compared
with a net gain of $15 million in 2011.

Compared with 2011, Downstream earnings excluding identified items reflected higher
realised refining margins and lower operating expenses, mainly as a result of favourable
currency exchange rate effects. Trading contributions were lower, while marketing
contributions were broadly in line with 2011. Chemicals earnings were lower, mainly as a
result of the impact of the global economic slowdown and, in the United States, supply
constraints of advantaged feedstock and the impact of hurricane Isaac on operations.

Oil products sales volumes were 1% higher compared with 2011. Lower marketing volumes,
mainly as a result of portfolio divestments, were more than offset by higher trading
volumes. Excluding the impact of divestments and the effect of the formation of the Raizen
joint venture, sales volumes were 3% higher than in 2011.

Chemicals sales volumes were 1% lower compared with 2011, as reductions in European
manufacturing capacity and rationalisation of the contract portfolio were largely offset
by improved operating performance. Chemicals manufacturing plant availability increased to
91% compared with 89% in 2011.

Refinery intake volumes were 1% lower compared with 2012. Excluding portfolio impacts,
refinery intake volumes were 4% higher than in 2011. Refinery availability increased to
93% compared with 92% in 2011.

        Corporate and Non-controlling Interest

               Quarters                       $ million                 Full year
        Q4 2012 Q3 2012 Q4 2011                                        2012  2011
                                Corporate and Non-controlling interest
             42    (60)     17  excl. identified items                 (197) (187)
                                Of which:
             76     15      24  Corporate                                25    63
            (34)   (75)     (7) Non-controlling interest               (222) (250)
             42    (60)    138  Corporate and Non-controlling interest (468) (119)

Fourth quarter Corporate results and Non-controlling interest excluding identified
items were $42 million compared with $17 million in the same period of 2011. Identified
items in the fourth quarter 2011 were a net gain of $121 million (see page 4).

Corporate results excluding identified items compared with the fourth quarter 2011
mainly reflected favourable currency exchange rate effects and higher tax credits, partly
offset by higher net interest expense.

Full year Corporate results and Non-controlling interest excluding identified items
were a loss of $197 million compared with a loss of $187 million in 2011. Identified items
were a net charge of $271 million, compared with a net gain of $68 million in 2011.

Corporate results excluding identified items compared with 2011 mainly reflected
higher net interest expense and increased operating expenses, which were largely offset by
higher tax credits and favourable currency exchange rate effects.

FORTHCOMING EVENTS

First quarter 2013 results and first quarter 2013 dividend are scheduled to be
announced on May 2, 2013. Second quarter 2013 results and second quarter 2013 dividend are
scheduled to be announced on August 1, 2013. Third quarter 2013 results and third quarter
2013 dividend are scheduled to be announced on October 31, 2013.

Unaudited Condensed Consolidated Financial Statements

        Consolidated Statement of income

                  Quarters                   $ million              Full year
        Q4 2012 Q3 2012 Q4 2011 %[1]                            2012    2011    %
        118,047 112,118 115,575      Revenue                   467,153 470,171
                                     Share of profit of
                                     equity-accounted
          2,127   2,367   2,233      investments                 8,948   8,737
          2,437     944   1,320      Interest and other income   5,599   5,581
                                     Total revenue and other
        122,611 115,429 119,128      income                    481,700 484,489
         93,350  87,265  91,865      Purchases                 369,725 370,044
                                     Production and
          7,339   6,513   6,993      manufacturing expenses     26,280  26,458
                                     Selling, distribution and
          3,759   3,709   3,706      administrative expenses    14,616  14,335
            419     311     404      Research and development    1,314   1,125
          1,167     713     825      Exploration                 3,104   2,266
                                     Depreciation, depletion
          3,835   3,875   3,243      and amortisation           14,615  13,228
            379     415     287      Interest expense            1,757   1,373
         12,363  12,628  11,805   +5 Income before taxation     50,289  55,660 -10
          5,664   5,389   5,337      Taxation                   23,449  24,475
          6,699   7,239   6,468   +4 Income for the period      26,840  31,185 -14
                                     Income attributable to
             28     100    (32)      non-controlling interest      248     267
                                     Income attributable to
                                     Royal Dutch Shell plc
          6,671   7,139   6,500   +3 shareholders               26,592  30,918 -14
                                                              [1] Q4 on Q4 change.

        Earnings per share

               Quarters                         $                    Full year
        Q4 2012 Q3 2012 Q4 2011                                    2012    2011
         1.06    1.14    1.04   Basic earnings per share           4.25    4.98
         1.06    1.14    1.04   Diluted earnings per share         4.24    4.97
        SHARES[1]

               Quarters                      Million                 Full year
        Q4 2012 Q3 2012 Q4 2011                                    2012    2011
                                Weighted average number of shares
                                as the basis for:
        6,282.8 6,266.3 6,231.3 Basic earnings per share          6,261.2 6,212.5
        6,289.2 6,273.9 6,241.0 Diluted earnings per share        6,267.8 6,221.7
                                Shares outstanding at the end of
        6,305.9 6,284.8 6,220.1 the period                        6,305.9 6,220.1

        [1] Royal Dutch Shell plc ordinary shares of EUR0.07 each.

        Consolidated Statement of Comprehensive Income

               Quarters                      $ million                Full year
        Q4 2012 Q3 2012 Q4 2011                                      2012   2011
          6,699   7,239   6,468 Income for the period               26,840  31,185
                                Other comprehensive income, net of
                                tax:
            140   2,424 (1,310) Currency translation differences     1,644 (3,328)
                                Unrealised gains/(losses) on
          (683)    (97)   1,671 securities                           (815)   1,684
            101   (187)   (133) Cash flow hedging gains/(losses)        31   (222)
                                Share of other comprehensive
                                income/(loss) of
          (179)      27    (39) equity-accounted investments         (222)      60
                                Other comprehensive income/(loss)
          (621)   2,167     189 for the period                         638 (1,806)
          6,078   9,406   6,657 Comprehensive income for the period 27,478  29,379
                                Comprehensive income/(loss)
                                attributable to
             46     132   (603) non-controlling interest               300   (348)
                                Comprehensive income attributable
                                to
          6,032   9,274   7,260 Royal Dutch Shell plc shareholders  27,178  29,727

        Consolidated Statement of Changes in Equity

                            Equity attributable to Royal Dutch
                                  Shell plc shareholders

                                Shares
                         Share  held in  Other   Retained          Non-controlling  Total
           $ million    capital  trust  reserves earnings  Total      interest      equity
        At January 1,
        2012                536 (2,990)    8,984  162,987  169,517           1,486  171,003
        Comprehensive
        income for the
        period                -       -      586   26,592   27,178             300   27,478
        Capital
        contributions
        from, and other
        changes in,
        non-controlling
        interest              -       -        -       39       39            (61)     (22)
        Dividends paid        -       -        - (10,955) (10,955)           (292) (11,247)
        Scrip
        dividends[1]          9       -      (9)    3,565    3,565               -    3,565
        Repurchases of
        shares[2]           (3)       -        3  (1,728)  (1,728)               -  (1,728)
        Shares held in
        trust: net
        sales/
        (purchases) and
        dividends
        received              -     703        -      150      853               -      853
        Share-based
        compensation          -       -      457    (432)       25               -       25
        At December 31,
        2012                542 (2,287)   10,021  180,218  188,494           1,433  189,927

        [1] During 2012 some 103.8 million Class A shares, equivalent to $3.6
        billion, were issued under the Scrip Dividend Programme.
        [2] Includes shares committed to repurchase at December 31, 2012.

                            Equity attributable to Royal Dutch
                                  Shell plc shareholders

                                Shares
                         Share  held in  Other   Retained          Non-controlling  Total
           $ million    capital  trust  reserves earnings  Total      interest      equity
        At January 1,
        2011                529 (2,789)   10,094  140,179  148,013           1,767  149,780
        Comprehensive
        income for the
        period                -       -  (1,191)   30,918   29,727           (348)   29,379
        Capital
        contributions
        from, and other
        changes in,
        non-controlling
        interest              -       -        -       41       41             505      546
        Dividends paid        -       -        - (10,457) (10,457)           (438) (10,895)
        Scrip
        dividends[1]         10       -     (10)    3,580    3,580               -    3,580
        Repurchases of
        shares              (3)       -        3  (1,106)  (1,106)               -  (1,106)
        Shares held in
        trust: net
        sales/
        (purchases) and
        dividends
        received              -   (201)        -      142     (59)               -     (59)
        Share-based
        compensation          -       -       88    (310)    (222)               -    (222)
        At December 31,
        2011                536 (2,990)    8,984  162,987  169,517           1,486  171,003

        [1] During 2011 some 104.6 million Class A shares, equivalent to $3.6
        billion, were issued under the Scrip Dividend Programme.

        Condensed Consolidated balance sheet
                                                          $ million
                                                           Sept 30,
                                            Dec 31, 2012     2012     Dec 31, 2011
        Assets
        Non-current assets:
        Intangible assets                          4,470        4,478        4,521
        Property, plant and equipment            172,293      162,401      152,081
        Equity-accounted investments              38,350       39,033       37,990
        Investments in securities                  4,867        5,492        5,492
        Deferred tax                               4,045        4,246        4,732
        Retirement benefits                       12,575       12,461       11,408
        Trade and other receivables                8,991       10,070        9,256
                                                 245,591      238,181      225,480
        Current assets:
        Inventories                               30,781       32,358       28,976
        Trade and other receivables               65,403       70,972       79,509
        Cash and cash equivalents                 18,550       18,839       11,292
                                                 114,734      122,169      119,777
        Total assets                             360,325      360,350      345,257
        Liabilities
        Non-current liabilities:
        Debt                                      29,921       28,078       30,463
        Trade and other payables                   4,175        4,322        4,921
        Deferred tax                              15,590       16,107       14,649
        Retirement benefits                        6,298        6,169        5,931
        Decommissioning and other
        provisions                                17,435       16,262       15,631
                                                  73,419       70,938       71,595
        Current liabilities:
        Debt                                       7,833        8,280        6,712
        Trade and other payables                  72,839       77,550       81,846
        Taxes payable                             12,684       14,869       10,606
        Retirement benefits                          402          399          387
        Decommissioning and other
        provisions                                 3,221        3,131        3,108
                                                  96,979      104,229      102,659
        Total liabilities                        170,398      175,167      174,254
        Equity attributable to Royal Dutch
        Shell plc shareholders                   188,494      183,785      169,517
        Non-controlling interest                   1,433        1,398        1,486
        Total equity                             189,927      185,183      171,003
        Total liabilities and equity             360,325      360,350      345,257

        Condensed consolidated statement of cash flows

                Quarters                    $ million                Full year
        Q4 2012  Q3 2012 Q4 2011                                   2012     2011
                                 Cash flow from operating
                                 activities
           6,699   7,239   6,468 Income for the period             26,840   31,185
                                 Adjustment for:
           5,966   5,385   5,816 - Current taxation                22,722   23,009
             324     362     275 - Interest expense (net)           1,543    1,164
                                 - Depreciation, depletion and
           3,835   3,875   3,243 amortisation                      14,615   13,228
          (2,083)   (428) (1,150)- Net gain on sales of assets     (4,228)  (4,485)
                                 - Decrease/(increase) in net
             994 (2,209)   (688) working capital                    3,391   (6,471)
                                 - Share of profit of
         (2,127) (2,367) (2,233) equity-accounted investments      (8,948)  (8,737)
                                 - Dividends received from
                                 equity-accounted
           2,655   2,537   3,196 investments                       10,573    9,681
                                 - Deferred taxation and
                                 decommissioning and
            (365)    (75)   (159)other provisions                     461    1,768
             553    (205)   (550)- Other                              201     (949)
                                 Net cash from operating
          16,451  14,114  14,218 activities (pre-tax)              67,170   59,393
          (6,538) (4,631) (7,753)Taxation paid                    (21,030) (22,622)
                                 Net cash from operating
           9,913   9,483   6,465 activities                        46,140   36,771
                                 Cash flow from investing
                                 activities
        (10,674) (8,413) (9,914) Capital expenditure              (32,576) (26,301)
                                 Investments in
           (217)   (789)   (315) equity-accounted investments      (3,028)  (1,886)
           1,513     786   1,175 Proceeds from sales of assets      6,346    6,990
                                 Proceeds from sales of
             415      56      43 equity-accounted investments         698      468
                                 Proceeds from
                                 sales/(purchases) of
             (30)    (26)     83 securities (net)                     (86)      90
              53      47      11 Interest received                    193      196
                                 Net cash used in investing
          (8,940) (8,339) (8,917)activities                       (28,453) (20,443)
                                 Cash flow from
                                 financing activities
                                 Net (decrease)/increase in
                                 debt with maturity period
            (467)    507    (841)within three months                 (165)  (3,724)
           1,813   2,551       5 Other debt: New borrowings         5,108    1,249
            (278)   (182)   (585) Repayments                       (4,960)  (4,649)
            (283)   (352)   (470) Interest paid                    (1,428)  (1,665)
                                 Change in non-controlling
              25     (10)     11 interest                              23        8
                                 Cash dividends paid to:
                                 - Royal Dutch Shell plc
          (1,634) (1,973) (1,688)shareholders                      (7,390)  (6,877)
             (26)   (164)    (64)- Non-controlling interest          (292)    (438)
            (453)   (149)   (289)Repurchases of shares             (1,492)  (1,106)
                                 Shares held in trust: net
                                 sales/(purchases) and
             (43)    (93) (1,342)dividends received                   (34)    (929)
                                 Net cash used in financing
          (1,346)     135 (5,263)activities                       (10,630) (18,131)
                                 Currency translation
                                 differences relating to cash
                                 and
              84     278    (249)cash equivalents                     201     (349)
                                 Increase/(decrease) in cash
            (289)   1,557 (7,964)and cash equivalents               7,258   (2,152)
                                 Cash and cash equivalents at
          18,839  17,282  19,256 beginning of period               11,292   13,444
                                 Cash and cash equivalents at
          18,550  18,839  11,292 end of period                     18,550   11,292

EXPLANATORY Notes

1. Basis of preparation

The unaudited quarterly and full year financial report and tables of Royal Dutch Shell
plc and its subsidiaries (collectively known as Shell) are prepared on the basis of the
same accounting principles as, and should be read in conjunction with, the Annual Report
and Form 20-F for the year ended December 31, 2011 (pages 105 to 110) as filed with the
U.S. Securities and Exchange Commission.

The financial information presented does not constitute statutory accounts within the
meaning of section 434(3) of the Companies Act 2006. Statutory accounts for the year ended
December 31, 2011 were published in Shell’s Annual Report and a copy was delivered to the
Registrar of Companies in England and Wales. The auditors’ report on those accounts was
unqualified, did not include a reference to any matters to which the auditors drew
attention by way of emphasis without qualifying the report and did not contain a statement
under sections 498(2) or (3) of the Companies Act 2006.

Segment information

Segment earnings are presented on a current cost of supplies basis (CCS earnings). On
this basis, the purchase price of volumes sold during the period is based on the current
cost of supplies during the same period after making allowance for the tax effect. CCS
earnings thus exclude the effect of changes in the oil price on inventory carrying
amounts. Net capital investment information is presented as measured based on capital
expenditure as reported in the Condensed Consolidated Statement of Cash Flows, adjusted
for: proceeds from divestments; exploration expenses excluding exploration wells written
off; investments in equity-accounted investments; and leases and other items.

CCS earnings and net capital investment information are the dominant measures used by
the Chief Executive Officer for the purposes of making decisions about allocating
resources and assessing performance.

2. Impacts of accounting for derivatives

In the ordinary course of business Shell enters into contracts to supply or purchase
oil and gas products, and also enters into derivative contracts to mitigate resulting
economic exposures (generally price exposure). Derivative contracts are carried at
period-end market price (fair value), with movements in fair value recognised in income
for the period. Supply and purchase contracts entered into for operational purposes are,
by contrast, recognised when the transaction occurs (see also below); furthermore,
inventory is carried at historical cost or net realisable value, whichever is lower.

As a consequence, accounting mismatches occur because: (a) the supply or purchase
transaction is recognised in a different period; or (b) the inventory is measured on a
different basis.

In addition, certain UK gas contracts held by Upstream are, due to pricing or delivery
conditions, deemed to contain embedded derivatives or written options and are also
required to be carried at fair value even though they are entered into for operational
purposes.

The accounting impacts of the aforementioned are reported as identified items in the
quarterly results.

3. Return on average capital employed

Return on average capital employed measures the efficiency of Shell’s utilisation of
the capital that it employs and is a common measure of business performance. In this
calculation, return on average capital employed is defined as the income for the year
adjusted for after-tax interest expense as a percentage of the average capital employed
for the same period. Capital employed consists of total equity, current debt and
non-current debt. The tax rate is derived from calculations at the published segment
level.

CAUTIONARY STATEMENT

All amounts shown throughout this Report are unaudited.

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 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 document,
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 per cent shareholding in Woodside Petroleum
Ltd.) 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. 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 Shell and the Shell
Group 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”, “seek”, “should”, “target”, “will” and similar terms and
phrases. There are a number of factors that could affect the future operations of Shell
and the Shell Group 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 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 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 factors that may affect future results
are contained in Shell’s Annual Report and Form 20-F for the year ended December 31, 2011
(available at http://www.shell.com/investor and http://www.sec.gov ). These
factors also should be considered by the reader. Each forward-looking statement speaks
only as of the date of this document, January 31, 2013. Neither Shell nor any of its
subsidiaries nor the Shell Group 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 “Organic Reserves Replacement Ratio”, in this
report 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
http://www.sec.gov. You can also obtain these forms from the SEC by calling
1-800-SEC-0330.

January 31, 2013

Contacts:

Investor Relations International + 31(0)70-377-4540; North America +1-713-241-1042

Media International: +44(0)207-934-5550; USA +1-713-241-4544

SOURCE Royal Dutch Shell plc


Source: PR Newswire