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Index – Royal Dutch Shell plc Investors’ Handbook 2013-2017

Projects under construction


Pre-FID options
Summary of results
Shell realised prices
Integrated Gas – Key statistics
Upstream – Key statistics
Downstream – Key statistics
Consolidated Data – Employees by country
Consolidated Data – Employees by segment
Consolidated Data – Employee expense
Consolidated Financial Data – Consolidated statement of income
Consolidated Financial Data – Reconciliation of CCS earnings to income for the period
Consolidated Financial Data – Earnings per share
Consolidated Financial Data – Shares
Consolidated Financial Data – Taxation charge/(credit)
Consolidated Financial Data – Consolidated balance sheet
Consolidated Financial Data – Consolidated statement of cash flows
Consolidated Financial Data – Free cash flow
Consolidated Financial Data – Calculation of return on average capital employed (ROACE)
Consolidated Financial Data – Calculation of ROACE on CCS basis excluding identified items
Consolidated Financial Data – Calculation of return on average capital in service
Consolidated Financial Data – Gearing (at December 31)
Consolidated Financial Data – Quarterly earnings by segment 2017–2016
Consolidated Financial Data – Quarterly earnings by segment 2015–2013
Consolidated Financial Data – Quarterly identified items by segment 2017–2016
Consolidated Financial Data – Quarterly identified items by segment 2015–2013
Consolidated Financial Data – Additional segmental information
Consolidated Financial Data – Operating expenses
Consolidated Financial Data – Divestments
Consolidated Financial Data – Capital employed
Consolidated Financial Data – Capital investment
Exploration and production – Shell subsidiaries 2017
Exploration and production – Shell subsidiaries 2016
Exploration and production – Shell subsidiaries 2015
Exploration and production – Shell subsidiaries 2014
Exploration and production – Shell subsidiaries 2013
Exploration and production – Shell share of joint ventures and associates 2017–2013
Exploration and production – Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves for Shell

Exploration and production – Proved natural gas reserves for Shell subsidiaries and the Shell share of joint ventures and
Exploration and production – Total proved oil and gas reserves
Exploration and production – Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes

Exploration and production – Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ven
Exploration and production – Total proved oil and gas reserves changes
Exploration and production – Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes

Exploration and production – Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ven

Exploration and production – Total proved reserves changes for Shell subsidiaries and the Shell share of joint ventures a
Exploration and production – Total production available for sale
Exploration and production – Crude oil and natural gas liquids production available for sale
Exploration and production – Natural gas production available for sale
Exploration and production – Oil and gas acreage 2017–2016
Exploration and production – Oil and gas acreage 2015–2013
Exploration and production – Number of productive wells 2017–2016
Exploration and production – Number of productive wells 2015–2013
Exploration and production – Number of net productive wells and dry holes drilled 2017–2016
Exploration and production – Number of net productive wells and dry holes drilled 2015–2013
Exploration and production – LNG regasification terminals
Exploration and production – LNG liquefaction plants in operation
Exploration and production – LNG liquefaction plants under construction including off-take rights
Exploration and production – GTL plants in operation
Exploration and production – LNG liquefaction volumes
Downstream – Refinery availability
Downstream – Cost of crude oil processed or consumed
Downstream – Crude distillation capacity
Downstream – Oil products – Crude oil processed
Downstream – Refinery processing intake
Downstream – Refinery processing outturn
Downstream – Refineries in operation
Downstream – Oil product sales volumes
Downstream – Sales by product as percentage of total product sales
Downstream – Branded retail sites
Downstream – Chemical plant availability
Downstream – Chemicals sales volumes
Downstream – Ethylene capacity
Downstream – Major chemical plants in operation
Share prices
Dividends – A and B shares
Dividends – A shares
Dividends – B shares
Dividends – A and B ADSs
Dividends – Scrip issuance A shares
Dividends – Number of shares repurchased
Bondholder information – Credit ratings
Bondholder information – Publicly listed bonds, current outstanding
Bondholder information – Publicly listed bonds, current outstanding
Financial calendar
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Projects under construction


Peak LNG
Shell share Production 100%
(direct & 100% capacity Shell
Start up Project Country indirect) % kboe/d mtpa Products Legend Theme operated
2018-19 Appomattox United 79 175 Deep water
States
Atapu 1 [A] Brazil 25 150 Deep water
Berbigão [A] Brazil 25 150 Deep water
Changbei II China 50 57 Integrated Gas
Clair Ph2 United 28 95 Conventional oil + gas
Coulomb Kingdom
United 100 10 Deep water
Forcados Yokri States
Nigeria 30 40 Conventional oil + gas
Integrated
Geismar AO4Project United 100 425 ktpa AO Chemicals
(FYIP)
Gumusut-Kakap Ph2 States
Malaysia 30 50 Deep water
Kaikias Ph1 United 80 40 Deep water
Lula Extreme South [A] States
Brazil 25 150 Deep water

Lula North [A] Brazil 25 150 Deep water


Nanhai China China 50 1.2 mtpa C2 Chemicals
Chemicals
Permian + Fox United various ~200 Shales
Creek [B]
Pernis Solvent States +
Netherland 100 50 kbpd Oil Products
Deasphalting
Prelude FLNG Canada s
Australia 68 131 3.6 .7 mtpa NGLs Integrated Gas
Rabab Harweel Oman 34 35 Conventional oil + gas
Integrated
Tempa Rossa Project Italy 25 50 Conventional oil + gas
Southern Swamp AG Nigeria 30 40 Conventional oil + gas
WDDM 9B Egypt 50 60 Conventional oil + gas
2020+ FPSO P-71 [A] Brazil 25 150 Deep water
KBB Ph2 Malaysia 30 75 Conventional oil + gas
Libra 1 (pilot FPSO) [A] Brazil 20 180 Deep water

Pegaga Malaysia 20 95 Conventional oil + gas


Penguins United 50 45 Conventional oil + gas
Redevelopment
Pennsylvania cracker Kingdom
United 100 1.5 mtpa C2 Chemicals
Bakong / Gorek / Larak States
Malaysia 30 75 Conventional oil + gas
(SK408)
Tyra Future Denmark 37 75 Conventional oil + gas
[A] The Lula, Berbigão, Sururu, Atapu accumulations are subject to unitisation agreements; production shown is FPSO oil capacity as per operator.

[B] Fox Creek and Permian production represents Shell entitlement share of production and is the production growth expected between 2016 peak to 2018 peak production.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Pre-FID options
Peak LNG
Shell share Production 100%
(direct & 100% capacity Shell
Phase Project Country indirect) % kboe/d mtpa Legend Theme operated
Assess/ Bonga Main Life Extension & Upgrade Nigeria 55 90 Deep water
Select Project
Clair South United 28 60 Conventional oil + gas
Kingdom
HI Development Nigeria 40 75 Conventional oil + gas
Jackdaw United 74 40 Conventional oil + gas
Kingdom
Jerun Malaysia 30 95 Conventional oil + gas
Kalamkas Kazakhsta 17 55 Conventional oil + gas
Kashagan CC01 Kazakhsta n 17 100 Conventional oil + gas
KGK Expansion Project Ph1 Kazakhsta n 29 40 Conventional oil + gas
Libra 2 Braziln 20 180 Deep water
Libra 3 Brazil 20 TBD Deep water
Libra 4 Brazil 20 TBD Deep water
LNG Canada T3-4 Canada 50 14 Integrated Gas
Marjoram/Rosmari Malaysia 75 60 Conventional oil + gas
Ormen Lange Late Life Recovery Norway 18 60 Conventional oil + gas
Pearls Khazar Kazakhsta 55 40 Conventional oil + gas
n
Pierce Depressurisation United 93 25 Conventional oil + gas
Sakhalin T3 Kingdom
Russia 28 69 5.4 Integrated Gas
Define Assa North Nigeria 30 60 Conventional oil + gas
Bonga South West Nigeria 43 175 Deep water
Gbaran Ph3 Nigeria 30 50 Conventional oil + gas
Lake Charles LNG United TBD 16.8 Integrated Gas
LNG Canada T1-2 States
Canada 50 14 Integrated Gas
Troll Ph3 Norway 8 255 Conventional oil + gas
Uzu Development Nigeria 30 45 Conventional oil + gas
Val d’Agri Ph2 Italy 39 65 Conventional oil + gas
Vito United 63 100 Deep water
States
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Summary of results $ million unless specified


2017 2016 2015 2014 2013

Income attributable to Royal Dutch Shell plc shareholders 12,977 4,575 1,939 14,874 16,371
CCS adjustment for Downstream [A] 896 1,042 (1,903) (4,167) (374)
CCS earnings attributable to shareholders 12,081 3,533 3,842 19,041 16,745
Identified items [A] (3,683) (3,652) (7,604) (4,010) (3,273)
CCS earnings attributable to shareholders excluding
identified items 15,764 7,185 11,446 23,051 20,018
Non-controlling interest (418) (270) (316) (55) (164)
CCS earnings excluding identified items 16,182 7,455 11,762 23,106 20,182
Integrated Gas 5,268 3,700 5,057 10,332 8,999
Upstream 3,091 (2,704) (2,255) 6,754 6,644
Downstream (CCS basis) 9,082 7,243 9,748 6,265 4,466
Corporate (1,259) (784) (788) (245) 73
Basic CCS earnings per share ($) 1.47 0.45 0.61 3.02 2.66
CCS adjustment per share ($) 0.11 0.13 (0.30) (0.66) (0.06)
Basic earnings per share ($) 1.58 0.58 0.31 2.36 2.60
Basic earnings per ADS ($) 3.16 1.16 0.62 4.72 5.20
Cash flow from operating activities 35,650 20,615 29,810 45,044 40,440
Dividend per share ($) 1.88 1.88 1.88 1.88 1.80
Dividend per ADS ($) 3.76 3.76 3.76 3.76 3.60
[A] Attributable to shareholders.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shell realised prices Year average


2017 2016 2015 2014 2013
SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A

Crude oil and natural gas liquids ($/b)


Europe 50.52 46.88 38.62 40.75 49.77 45.97 94.57 89.68 105.23 99.27
Asia 49.08 53.44 38.11 43.95 47.73 52.21 89.47 96.85 96.46 70.34
Oceania 45.64 – 36.64 33.76 43.39 50.01 82.26 88.07 90.50 91.91
Africa 53.39 – 42.73 – 51.80 – 100.55 – 110.14 –
North America – USA 47.23 – 37.50 – 44.99 – 87.90 – 98.10 –
North America – Canada 36.00 – 25.76 – 25.45 – 59.19 – 63.14 –
South America 48.10 – 38.58 – 42.38 – 88.68 – 97.17 94.01
Total 49.00 53.23 38.60 43.58 47.52 51.82 91.09 95.87 99.83 72.69
Natural gas ($/thousand scf)
Europe 5.48 4.77 4.75 4.19 7.10 6.46 8.58 8.26 10.29 9.17
Asia 2.84 5.45 2.32 4.63 3.02 7.06 4.57 11.50 4.51 10.73
Oceania 6.21 3.11 5.31 4.33 6.80 6.73 10.49 11.01 11.55 9.45
Africa 2.44 – 2.33 – 2.10 – 2.71 – 2.84 –
North America – USA 3.00 – 2.21 – 2.39 – 4.52 – 3.92 –
North America – Canada 1.85 – 1.71 – 2.29 – 4.39 – 3.26 –
South America 2.29 – 1.83 – 2.46 – 2.85 – 2.91 0.42
Total 3.83 5.11 3.16 4.41 4.07 6.77 5.68 9.72 5.85 9.72
Other ($/b)
North America – Synthetic crude oil 45.90 – 37.61 – 40.87 – 81.83 – 87.24 –
North America – Bitumen 34.46 – 25.74 – 30.25 – 70.19 – 67.40 –
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Integrated Gas key statistics


2017 2016 2015 2014 2013
Earnings ($ million) 5,078 2,529 3,170 10,610 8,998
Earnings excluding identified items ($ million) 5,268 3,700 5,057 10,332 8,999
Cash flow from operating activities ($ million) 6,467 9,132 7,728 12,689 12,273
Liquids production (thousand b/d) [A] 203 223 204 221 224
Natural gas production (million scf/d) [A] 3,969 3,832 2,469 2,666 2,557
Total production (thousand boe/d) [A][B] 887 884 631 682 665
LNG liquefaction volumes (million tonnes) 33.2 30.9 22.6 24.0 19.6
LNG sales volumes (million tonnes) 66.0 57.1 39.2 39.5 30.5
Capital investment ($ million) 3,827 26,214 5,178 9,124 11,822
Capital employed ($ million) 87,462 86,631 62,481 62,127 60,657
Employees (thousands) 11 13 13 11 10
[A] Available for sale.
[B] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Upstream key statistics


2017 2016 2015 2014 2013
Earnings ($ million) 1,551 (3,674) (8,833) 5,231 3,640
Earnings excluding identified items ($ million) 3,091 (2,704) (2,255) 6,754 6,644
Cash flow from operating activities ($ million) 16,337 7,662 5,453 19,150 17,841
Liquids production (thousand b/d) [A] 1,622 1,615 1,305 1,263 1,317
Natural gas production (million scf/d) [A] 6,699 6,781 5,911 6,593 7,059
Total production (thousand boe/d) [A][B] 2,777 2,784 2,323 2,399 2,534
Capital investment ($ million) 13,648 47,507 18,349 22,169 28,481
Capital employed ($ million) 119,253 128,782 84,727 88,692 93,135
Employees (thousands) 18 22 22 22 21
[A] Available for sale.
[B] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Downstream – key statistics


2017 2016 2015 2014 2013
CCS earnings ($ million), of which: 8,258 6,588 10,243 3,411 3,869
Oil Products 5,576 4,940 8,654 1,994 2,026
Chemicals 2,682 1,648 1,589 1,417 1,843
CCS earnings excluding identified items ($ million) 9,082 7,243 9,748 6,265 4,466
Cash flow from operating activities ($ million) 12,429 3,556 14,076 11,292 7,903
Oil Products sales volumes (thousand b/d) 6,599 6,483 6,432 6,365 6,164
Chemicals sales volumes (thousand tonnes) 18,239 17,292 17,148 17,008 17,386
Refinery processing intake (thousand b/d) 2,572 2,701 2,805 2,903 2,915
Refinery availability (%) 91 90 90 93 94
Chemical plant availability (%) 92 90 85 85 92
Capital investment ($ million) 6,416 6,057 5,119 5,910 5,528
Capital employed ($ million) 56,431 52,672 46,280 48,925 64,507
Employees (thousands) 40 40 43 47 48
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Average number of employees by country Thousands


2017 2016 2015 2014 2013
Europe
France [A] [A] 1 1 1
Germany 5 4 5 5 5
Netherlands 8 9 9 9 8
Norway 1 1 1 1 1
Poland 3 3 2 2 2
UK 5 6 5 6 6
Other [B] 2 2 2 1 2
Total Europe 24 25 25 25 25
Asia
China 2 2 3 4 4
India 7 5 4 3 3
Iraq 1 1 1 [A] [A]
Kazakhstan 1 1 – – –
Malaysia 5 6 7 7 6
Philippines 4 4 4 4 4
Qatar 1 1 1 1 1
Russia 1 1 1 1 1
Singapore 3 3 3 3 3
Thailand 1 1 – – –
Turkey 1 1 1 1 1
United Arab Emirates 1 1 1 1 1
Other [B] 1 1 3 3 3
Total Asia 29 28 29 28 27
Oceania
Australia 2 2 1 2 2
New Zealand [A] [A] [A] [A] 1
Total Oceania 2 2 1 2 3
Africa
Gabon 1 1 1 1 1
Nigeria 1 1 1 1 1
South Africa 1 1 1 1 1
Other [B] [A] 1 [A] [A] [A]
Total Africa 3 4 3 3 3
North America
Canada 5 8 9 9 9
USA 19 21 22 22 22
Other [B] [A] [A] [A] 1 [A]
Total North America 24 29 31 32 31
South America
Argentina 3 2 2 2 2
Brazil 1 1 1 1 1
Other [B] [A] 1 1 1 [A]
Total South America 4 4 4 4 3
Total 86 92 93 94 92
[A] Fewer than 500 employees.
[B] Countries with fewer than 500 employees in each of the last three years.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Average number of employees by segment Thousands


2017 2016 2015 2014 2013
Integrated Gas 11 13 13 11 10
Upstream 18 22 22 22 21
Downstream 40 40 43 47 48
Corporate [A] 17 17 15 14 13
Total 86 92 93 94 92
[A] Includes all employees working in business services centres irrespective of the segment they support.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Employee expense $ million


2017 2016[A] 2015 2014 2013
Remuneration 10,855 11,985 12,558 13,092 12,047
Social security contributions 844 867 830 944 907
Retirement benefits 1,815 2,181 2,984 1,516 2,849
Share-based compensation 802 693 750 804 572
Total 14,316 15,726 17,122 16,356 16,375
[A] In addition, there were redundancy costs of $1,441 million.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Consolidated statement of income $ million


2017 2016 2015 2014 2013
Revenue 305,179 233,591 264,960 421,105 451,235
Share of profit of joint ventures and associates 4,225 3,545 3,527 6,116 7,275
Interest and other income 2,466 2,897 3,669 4,123 1,089
Total revenue and other income 311,870 240,033 272,156 431,344 459,599
Purchases 223,447 162,574 194,644 327,278 353,199
Production and manufacturing expenses 26,652 28,434 28,095 30,038 28,386
Selling, distribution and administrative expenses 10,509 12,101 11,956 13,965 14,675
Research and development 922 1,014 1,093 1,222 1,318
Exploration 1,945 2,108 5,719 4,224 5,278
Depreciation, depletion and amortisation 26,223 24,993 26,714 24,499 21,509
Interest expense 4,042 3,203 1,888 1,804 1,642
Total expenditure 293,740 234,427 270,109 403,030 426,007
Income before taxation 18,130 5,606 2,047 28,314 33,592
Taxation charge/(credit) 4,695 829 (153) 13,584 17,066
Income for the period 13,435 4,777 2,200 14,730 16,526
Income/(loss) attributable to non-controlling interest 458 202 261 (144) 155

Income attributable to Royal Dutch Shell plc shareholders 12,977 4,575 1,939 14,874 16,371
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Reconciliation of CCS earnings to income for the period $ million


2017 2016 2015 2014 2013
Earnings on a current cost of supplies basis
(CCS earnings) 12,471 3,692 4,155 19,096 16,879
Attributable to non-controlling interest (390) (159) (313) (55) (134)
Earnings on a current cost of supplies basis
attributable to Royal Dutch Shell plc shareholders 12,081 3,533 3,842 19,041 16,745
Current cost of supplies adjustment 964 1,085 (1,955) (4,366) (353)
Non-controlling interest (68) (43) 52 199 (21)
Income attributable to Royal Dutch Shell plc
shareholders 12,977 4,575 1,939 14,874 16,371
Non-controlling interest 458 202 261 (144) 155
Income for the period 13,435 4,777 2,200 14,730 16,526
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Earnings per share [A] $


2017 2016 2015 2014 2013
Basic earnings per share 1.58 0.58 0.31 2.36 2.60
Diluted earnings per share 1.56 0.58 0.30 2.36 2.60
[A] Ordinary shares of €0.07 each.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shares Million
2017 2016 2015 2014 2013
Basic weighted average number of A and B shares 8,223.4 7,833.7 6,320.3 6,311.5 6,291.1
Diluted weighted average number of A and B shares 8,299.0 7,891.7 6,393.8 6,311.6 6,293.4
Shares outstanding at the end of the period 8,312.8 8,145.3 6,397.5 6,295.0 6,295.4
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Taxation charge/(credit) $ million unless specified


2017 2016 2015 2014 2013
Current tax 6,591 2,731 7,058 13,757 18,582
Deferred tax (1,896) (1,902) (7,211) (173) (1,516)
Total taxation charge/(credit) 4,695 829 (153) 13,584 17,066
As a % of income before taxation 26 15 (7) 48 51
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Consolidated balance sheet (at December 31) $ million


2017 2016 2015 2014 2013
Assets
Non-current assets
Intangible assets 24,180 23,967 6,283 7,076 4,394
Property, plant and equipment 226,380 236,098 182,838 192,472 191,897
Joint ventures and associates 27,927 33,255 30,150 31,558 34,613
Investments in securities 7,222 5,952 3,416 4,115 4,715
Deferred tax 13,791 14,425 11,033 8,131 5,785
Retirement benefits 2,799 1,456 4,362 1,682 3,574
Trade and other receivables 9,394 9,553 8,717 8,304 9,191
311,693 324,706 246,799 253,338 254,169
Current assets
Inventories 25,223 21,775 15,822 19,701 30,009
Trade and other receivables 49,869 45,664 45,784 58,470 63,638
Cash and cash equivalents 20,312 19,130 31,752 21,607 9,696
95,404 86,569 93,358 99,778 103,343
Total assets 407,097 411,275 340,157 353,116 357,512
Liabilities
Non-current liabilities
Debt 73,870 82,992 52,849 38,332 36,218
Trade and other payables 4,428 6,925 4,528 3,582 4,065
Deferred tax 13,007 15,274 8,976 12,052 11,943
Retirement benefits 13,247 14,130 12,587 16,318 11,182
Decommissioning and other provisions 24,966 29,618 26,148 23,834 19,698
129,518 148,939 105,088 94,118 83,106
Current liabilities
Debt 11,795 9,484 5,530 7,208 8,344
Trade and other payables 56,663 53,417 52,770 64,864 70,112
Taxes payable 7,250 6,685 8,233 9,797 11,173
Retirement benefits 594 455 350 377 382
Decommissioning and other provisions 3,465 3,784 4,065 3,966 3,247
79,767 73,825 70,948 86,212 93,258
Total liabilities 209,285 222,764 176,036 180,330 176,364
Equity
Share capital 696 683 546 540 542
Shares held in trust (917) (901) (584) (1,190) (1,932)
Other reserves 16,932 11,298 (17,186) (14,365) (2,037)
Retained earnings 177,645 175,566 180,100 186,981 183,474
Equity attributable to Royal Dutch Shell plc shareholders 194,356 186,646 162,876 171,966 180,047
Non-controlling interest 3,456 1,865 1,245 820 1,101
Total equity 197,812 188,511 164,121 172,786 181,148
Total liabilities and equity 407,097 411,275 340,157 353,116 357,512
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Consolidated statement of cash flows $ million


2017 2016 2015 2014 2013
Income for the period 13,435 4,777 2,200 14,730 16,526
Adjustment for:
Current tax 6,591 2,731 7,058 13,757 18,582
Interest expense (net) 3,365 2,752 1,529 1,598 1,448
Depreciation, depletion and amortisation 26,223 24,993 26,714 24,499 21,509

Net gains on sale of non-current assets and businesses (1,640) (2,141) (3,460) (3,212) (382)
(Increase)/decrease in working capital (3,158) (6,289) 5,521 6,405 2,988
(Increase)/decrease in inventories (2,079) (5,658) 2,827 7,958 608
(Increase)/decrease in current receivables (1,686) 2,038 9,852 (1,541) 5,648
Decrease/(increase) in current payables 607 (2,669) (7,158) (12) (3,268)
Share of profit of joint ventures and associates (4,225) (3,545) (3,527) (6,116) (7,275)
Dividends received from joint ventures and associates 4,998 3,820 4,627 6,902 7,117
Deferred tax, retirement benefits, decommissioning and
other provisions (3,918) (823) (5,827) (1,720) (2,701)
Other 286 (1,226) 2,648 2,500 2,937
Tax paid (6,307) (4,434) (7,673) (14,299) (20,309)
Cash flow from operating activities 35,650 20,615 29,810 45,044 40,440
Capital expenditure (20,845) (22,116) (26,131) (31,676) (39,975)
Acquisition of BG Group plc, net of cash and cash
equivalents acquired – (11,421) – – –
Investments in joint ventures and associates (595) (1,330) (896) (1,426) (1,538)
Proceeds from sale of property, plant and equipment
and businesses 8,808 2,072 4,720 9,873 1,212
Proceeds from sale of joint ventures and associates 2,177 1,565 276 4,163 538
Interest received 724 470 288 174 175
Other 1,702 (203) (664) (765) (558)
Cash flow from investing activities (8,029) (30,963) (22,407) (19,657) (40,146)
Net (decrease)/increase in debt with maturity period
within three months (869) (360) (586) (3,332) 3,126
Other debt:
New borrowings 760 18,144 21,500 7,778 9,146
Repayments (11,720) (6,710) (6,023) (4,089) (6,877)
Interest paid (3,550) (2,938) (1,742) (1,480) (1,307)
Change in non-controlling interest 293 1,110 598 989 (51)
Cash dividends paid to:
Royal Dutch Shell plc shareholders (10,877) (9,677) (9,370) (9,444) (7,198)
Non-controlling interest (406) (180) (117) (116) (252)
Repurchases of shares – – (409) (3,328) (5,000)
Shares held in trust: net (purchases)/sales and
dividends received (717) (160) (39) 232 (565)
Cash flow from financing activities (27,086) (771) 3,812 (12,790) (8,978)
Currency translation differences relating to cash and cash
equivalents 647 (1,503) (1,070) (686) (170)
Increase/(decrease) in cash and cash equivalents 1,182 (12,622) 10,145 11,911 (8,854)
Cash and cash equivalents at January 1 19,130 31,752 21,607 9,696 18,550
Cash and cash equivalents at December 31 20,312 19,130 31,752 21,607 9,696
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Free cash flow $ million


2017 2016 2015 2014 2013
Cash flow from operating activities 35,650 20,615 29,810 45,044 40,440
Cash flow from investing activities (8,029) (30,963) (22,407) (19,657) (40,146)
Free cash flow 27,621 (10,348) 7,403 25,387 294
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Calculation of return on average capital employed (ROACE) $ million unless specified


2017 2016 2015 2014 2013
Income for the period 13,435 4,777 2,200 14,730 16,526
Interest expense after tax 2,995 2,730 2,030 938 808
Income before interest expense 16,430 7,507 4,230 15,668 17,334
Capital employed – opening 280,988 222,500 218,326 225,710 213,936
Capital employed – closing 283,477 280,988 222,500 218,326 225,710
Capital employed – average 282,233 251,744 220,413 222,018 219,823
ROACE 5.8% 3.0% 1.9% 7.1% 7.9%
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Calculation of ROACE on CCS basis excluding identified items [A] $ million unless specified
2017 2016 2015 2014 2013
CCS earnings excluding identified items [A] 15,764 7,185 11,446 23,051 20,018
Capital employed – opening 280,988 222,500 218,326 225,710 213,936
Capital employed – closing 283,477 280,988 222,500 218,326 225,710
Capital employed – average 282,233 251,744 220,413 222,018 219,823
ROACE on CCS basis excluding identified items [A] 5.6% 2.9% 5.2% 10.4% 9.1%
[A] Attributable to shareholders.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Calculation of return on average capital in service $ million unless specified


2017 2016 2015 2014 2013
Income for the period 13,435 4,777 2,200 14,730 16,526
Add: Depreciation on exploration and evaluation assets
after tax 198 351 399 366 720
Add: Interest expense after tax 2,995 2,730 2,030 938 808
Income before depreciation on exploration and evaluation
assets and interest expense 16,628 7,858 4,628 16,034 18,054
Capital employed excluding assets under construction and
exploration and evaluation assets – opening 216,475 156,749 145,702 155,049 147,746
Capital employed excluding assets under construction and
exploration and evaluation assets – closing 222,784 216,475 156,749 145,702 155,049
Capital employed excluding assets under construction and
exploration and evaluation assets – average 219,630 186,612 151,226 150,376 151,397
Return on average capital in service 7.6% 4.2% 3.1% 10.7% 11.9%
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Gearing (at December 31) $ million unless specified


2017 2016 2015 2014 2013
Current debt 11,795 9,484 5,530 7,208 8,344
Non-current debt 73,870 82,992 52,849 38,332 36,218
Total debt 85,665 92,476 58,379 45,540 44,562
Less: Cash and cash equivalents (20,312) (19,130) (31,752) (21,607) (9,696)
Net debt 65,353 73,346 26,627 23,933 34,866
Add: Total equity 197,812 188,511 164,121 172,786 181,148
Total capital 263,165 261,857 190,748 196,719 216,014
Gearing 24.8% 28.0% 14.0% 12.2% 16.1%
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Quarterly earnings by segment $ million


2017 2016
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year
Integrated Gas 1,822 1,191 1,217 848 5,078 905 982 614 28 2,529
Upstream
Europe 309 (138) 27 1,560 1,758 (86) (820) 12 495 (399)
Asia 251 284 85 477 1,097 (18) (83) 91 (113) (123)
Oceania – – – – – – – – – –
Africa 69 176 394 1,124 1,763 (92) 34 269 (139) 72
North America (1,166) (520) 46 (854) (2,494) (1,153) (1,061) (917) 56 (3,075)
South America 7 (346) 23 (257) (573) (1) (44) 160 (264) (149)
Total Upstream (530) (544) 575 2,050 1,551 (1,350) (1,974) (385) 35 (3,674)
Downstream (CCS basis)
Refining & Trading 870 193 571 19 1,653 181 509 (42) (72) 576
Marketing 895 1,376 1,104 548 3,923 1,113 981 1,117 1,153 4,364
Oil Products 1,765 1,569 1,675 567 5,576 1,294 1,490 1,075 1,081 4,940
Chemicals 815 588 730 549 2,682 406 227 521 494 1,648
Total Downstream 2,580 2,157 2,405 1,116 8,258 1,700 1,717 1,596 1,575 6,588
Corporate (410) (774) (394) (838) (2,416) (456) (423) (306) (566) (1,751)
Non-controlling interest (81) (110) (105) (94) (390) 15 (63) (71) (40) (159)
CCS earnings attributable to
shareholders 3,381 1,920 3,698 3,082 12,081 814 239 1,448 1,032 3,533
CCS adjustment for
Downstream [A] (157) 375 (389) (725) (896) (330) 936 (73) 509 1,042
Income attributable to Royal
Dutch Shell plc shareholders 3,538 1,545 4,087 3,807 12,977 484 1,175 1,375 1,541 4,575
[A] Attributable to shareholders.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Quarterly earnings by segment $ million


2015 2014 2013
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year
Integrated Gas 1,139 1,335 (429) 1,125 3,170 3,183 3,963 2,331 1,133 10,610 2,858 2,240 2,006 1,894 8,998
Upstream
Europe 957 (76) (40) 241 1,082 863 469 438 782 2,552 1,225 829 649 727 3,430
Asia 195 114 (26) (206) 77 504 448 476 216 1,644 539 509 470 496 2,014
Oceania – – – – – – – – – – – (1) – – (1)
Africa 1,484 220 173 (98) 1,779 513 500 217 682 1,912 805 423 549 34 1,811
North America (882) (762) (7,827) (977) (10,448) 256 (1,371) 608 22 (485) 403 (2,102) (296) (867) (2,862)
South America (354) (57) (494) (418) (1,323) 108 (189) (121) (190) (392) (9) (217) (88) (438) (752)
Total Upstream 1,400 (561) (8,214) (1,458) (8,833) 2,244 (143) 1,618 1,512 5,231 2,963 (559) 1,284 (48) 3,640
Downstream (CCS basis)
Refining & Trading 1,136 1,192 1,043 733 4,104 – – – – – – – – – –
Marketing 978 1,051 930 1,591 4,550 – – – – – – – – – –
Oil Products 2,114 2,243 1,973 2,324 8,654 (1,481) 884 1,145 1,446 1,994 1,133 468 303 122 2,026
Chemicals 400 503 508 178 1,589 476 387 456 98 1,417 555 335 603 350 1,843
Total Downstream 2,514 2,746 2,481 2,502 10,243 (1,005) 1,271 1,601 1,544 3,411 1,688 803 906 472 3,869
Corporate (171) (68) 109 (295) (425) 77 100 (301) (32) (156) 491 (73) 88 (134) 372
Non-controlling interest (121) (91) (67) (34) (313) (34) (44) 17 6 (55) (49) (17) (36) (32) (134)
CCS earnings attributable to
shareholders 4,761 3,361 (6,120) 1,840 3,842 4,465 5,147 5,266 4,163 19,041 7,951 2,394 4,248 2,152 16,745
CCS adjustment for
Downstream [A] (331) 625 (1,296) (901) (1,903) 44 160 (803) (3,568) (4,167) 225 (657) 429 (371) (374)
Income attributable to Royal
Dutch Shell plc shareholders 4,430 3,986 (7,416) 939 1,939 4,509 5,307 4,463 595 14,874 8,176 1,737 4,677 1,781 16,371
[A] Attributable to shareholders.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Quarterly identified items by segment $ million


2017 2016
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year
Integrated Gas 641 22 (65) (788) (190) (89) 114 (317) (879) (1,171)
Upstream
Europe 86 (331) (67) 1,065 753 (21) (597) 140 (40) (518)
Asia – – (44) 210 166 (3) (24) (15) (246) (288)
Oceania – – – – – – – – – –
Africa (90) (8) (98) 389 193 (5) (11) 86 (8) 62
North America (1,136) (361) 42 (1,081) (2,536) (52) (354) (478) 404 (480)
South America 70 (183) 180 (183) (116) 168 337 (122) (129) 254
Total Upstream (1,070) (883) 13 400 (1,540) 87 (649) (389) (19) (970)
Downstream (CCS basis)
Refining & Trading 155 (567) (320) (77) (809) (481) 50 (313) (149) (893)
Marketing (43) 231 (23) (240) (75) 142 (128) (148) 407 273
Oil Products 112 (336) (343) (317) (884) (339) (78) (461) 258 (620)
Chemicals (21) (36) 80 37 60 29 (21) (21) (22) (35)
Total Downstream 91 (372) (263) (280) (824) (310) (99) (482) 236 (655)
Corporate (63) (451) (90) (553) (1,157) (525) (189) (152) (101) (967)
Non-controlling interest 28 – – – 28 98 17 (4) – 111
CCS earnings impact (373) (1,684) (405) (1,221) (3,683) (739) (806) (1,344) (763) (3,652)
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Quarterly identified items by segment $ million


2015 2014 2013
Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year
Integrated Gas (352) (68) (1,347) (120) (1,887) (1) 1,279 (695) (305) 278 299 (401) 38 63 (1)
Upstream
Europe 547 43 (153) (174) 263 15 17 (6) 311 337 (5) 16 50 (24) 37
Asia (31) (3) (111) (30) (175) (40) (68) (6) – (114) (48) 1 4 – (43)
Oceania – – – – – – – – – – – – – – –
Africa 1,417 (2) (2) (29) 1,384 (7) – (72) 341 262 (4) 79 (1) (371) (297)
North America (84) (168) (7,037) (93) (7,382) (83) (1,757) 52 183 (1,605) 11 (1,986) (238) (488) (2,701)
South America (254) 38 (329) (123) (668) 54 (216) (194) (47) (403) – – – – –
Total Upstream 1,595 (92) (7,632) (449) (6,578) (61) (2,024) (226) 788 (1,523) (46) (1,890) (185) (883) (3,004)
Downstream (CCS basis)
Refining & Trading (126) (121) (1) 22 (226) – – – – – – – – – –
Marketing 3 (34) (111) 960 818 – – – – – – – – – –
Oil Products (123) (155) (112) 982 592 (2,576) (76) (185) (58) (2,895) (158) (362) 2 (130) (648)
Chemicals (9) (60) (24) (4) (97) (4) – (7) 52 41 (2) (3) 12 44 51
Total Downstream (132) (215) (136) 978 495 (2,580) (76) (192) (6) (2,854) (160) (365) 14 (86) (597)
Corporate (88) (27) 619 (141) 363 1 (1) 17 72 89 403 4 (47) (61) 299
Non-controlling interest – 3 – – 3 – – – – – 15 – – 15 30
CCS earnings impact 1,023 (399) (8,496) 268 (7,604) (2,641) (822) (1,096) 549 (4,010) 511 (2,652) (180) (952) (3,273)
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Additional segmental information $ million


2017 2016 2015 2014 2013
Integrated Gas
Segment earnings 5,078 2,529 3,170 10,610 8,998
Including:
Exploration 141 494 1,290 1,439 1,457
Depreciation, depletion and amortisation 4,965 4,509 2,597 2,661 2,176
Share of profit of joint ventures and associates 1,714 1,116 1,471 4,324 4,270
Production and manufacturing expenses 5,120 5,786 3,102 3,538 3,314
Selling, distribution and administrative expenses 237 584 546 607 692
Cash flow from operating activities 6,467 9,132 7,728 12,689 12,273
Of which: Working capital movements (2,149) 2,842 (444) (2,324) 488
Capital employed 87,462 86,631 62,481 62,127 60,657
Upstream
Segment earnings 1,551 (3,674) (8,833) 5,231 3,640
Including:
Exploration 1,804 1,614 4,429 2,785 3,821
Depreciation, depletion and amortisation 17,303 16,779 20,404 15,207 14,773
Share of profit of joint ventures and associates 623 222 491 1,178 1,850
Production and manufacturing expenses 12,119 13,396 14,914 16,555 15,157
Selling, distribution and administrative expenses 5 556 464 448 502
Cash flow from operating activities 16,337 7,662 5,453 19,150 17,841
Of which: Working capital movements (482) (2,833) 408 854 824
Capital employed 119,253 128,782 84,727 88,692 93,135
Downstream
Segment CCS earnings 8,258 6,588 10,243 3,411 3,869
Including:
Depreciation, depletion and amortisation 3,877 3,681 3,667 6,619 4,421
Share of profit of joint ventures and associates 1,956 2,244 2,215 1,693 1,525
Production and manufacturing expenses 9,519 9,208 9,994 9,845 9,807
Selling, distribution and administrative expenses 9,789 10,117 10,531 12,489 13,114
Cash flow from operating activities 12,429 3,556 14,076 11,292 7,903
Of which: Working capital movements (325) (6,272) 3,457 6,777 400
Capital employed 56,431 52,672 46,280 48,925 64,507
Corporate
Segment earnings (2,416) (1,751) (425) (156) 372
Including:
Net interest and investment income/(expense) (2,413) (1,824) (995) (913) (832)
Foreign exchange (losses)/gains (292) 3 (731) (263) (189)
Taxation and other 289 70 1,301 1,020 1,393
Cash flow from operating activities 417 265 2,553 1,913 2,423
Of which: Working capital movements (202) (26) 2,100 1,098 1,276
Capital employed 20,331 12,903 29,012 18,582 7,411
Royal Dutch Shell
CCS earnings 12,471 3,692 4,155 19,096 16,879
Non-controlling interest (390) (159) (313) (55) (134)
CCS earnings attributable to shareholders 12,081 3,533 3,842 19,041 16,745
Cash flow from operating activities 35,650 20,615 29,810 45,044 40,440
Of which: Working capital movements (3,158) (6,289) 5,521 6,405 2,988
Capital employed 283,477 280,988 222,500 218,326 225,710
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Operating expenses $ million


2017 2016 2015
Production and manufacturing expenses 26,652 28,434 28,095
Selling, distribution and administrative expenses 10,509 12,101 11,956
Research and development 922 1,014 1,093
Operating expenses 38,083 41,549 41,144
Less identified items:
Redundancy and restructuring charges (565) (1,870) (430)
Provisions 38 (915) (1,150)
BG acquisition costs – (422) –
(527) (3,207) (1,580)
Underlying operating expenses 37,556 38,342 39,564
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Divestments $ million
2017 2016 2015 2014 2013
Proceeds from sale of property, plant and equipment and
businesses [A] 8,808 2,072 4,720 9,873 1,212
Proceeds from sale of joint ventures and associates [A] 2,177 1,565 276 4,163 538
Share and contingent consideration [B] 3,046 275 – – –
Proceeds from sale of interests in entities while retaining
control [C] 278 1,108 595 1,012 –
Other 3,031[D] (36) (51) (29) (12)
Total 17,340 4,984 5,540 15,019 1,738
Integrated Gas 3,077 352 269 4,819 567
Upstream 11,542 1,726 2,478 5,770 519
Downstream 2,703 2,889 2,282 4,410 643
Oil Products 1,892 2,880 2,279 4,360 586
Chemicals 811 9 3 50 57
Corporate 18 17 511 20 9
[A] Included within cash flow from investing activities in the “Consolidated Statement of Cash Flows”.

[B] With effect from 2017, this is valued at the date of the related divestment, instead of when these shares are disposed of or the contingent consideration is realised. There
is also no impact on divestments as a result of any revaluation. Comparative information, which only affects the Upstream segment in 2016, has been adjusted. In 2017, it
mainly comprises $2,829 million for shares in Canadian Natural Resources Limited received as partial consideration in the oil sands divestment.
[C] Included within "Change in non-controlling interest" in Cash flow from financing activities in the "Consolidated Statement of Cash Flows".
[D] Includes proceeds of $2,635 million from the sale of shares in Woodside Petroleum Limited.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Capital employed [A] (at December 31) $ million


2017 2016 2015 2014 2013
Integrated Gas 87,462 86,631 62,481 62,127 60,657
Upstream 119,253 128,782 84,727 88,692 93,135
Downstream 56,431 52,672 46,280 48,925 64,507
Oil Products 41,186 38,926 34,444 38,512 53,459
Chemicals 15,245 13,746 11,836 10,413 11,048
Corporate 20,331 12,903 29,012 18,582 7,411
Total 283,477 280,988 222,500 218,326 225,710
[A] Consists of total equity, current debt and non-current debt.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Capital investment $ million


2017 2016 2015 2014 2013
Capital expenditure
Integrated Gas 3,515 3,994 4,580 6,054 10,517
Upstream
Europe 1,376 2,198 2,729 3,420 4,193
Asia 773 1,624 2,272 2,733 2,983
Oceania – – – – 1
Africa 625 1,142 2,441 2,452 2,473
North America 6,951 5,682 8,507 10,512 11,065
South America 1,664 2,064 457 847 3,230
Total Upstream 11,389 12,710 16,406 19,964 23,945
Downstream
Oil Products 3,472 3,322 3,231 3,718 4,110
Chemicals 2,354 1,987 1,757 1,802 1,193
Total Downstream 5,826 5,309 4,988 5,520 5,303
Corporate 115 103 157 138 210
Total capital expenditure 20,845 22,116 26,131 31,676 39,975
Capital investment related to the acquisition of
BG Group plc – 52,904 – – –
Exploration expense [A] 1,048 1,274 2,948 2,244 2,506
Leases and other adjustments [B] 1,518 2,253 (1,114) 1,993 2,022
New equity in joint ventures and associates 535 868 61 523 856
New loans to joint ventures and associates 60 462 835 903 682
Capital investment 24,006 79,877 28,861 37,339 46,041
Comprising:
Integrated Gas 3,827 26,214 5,178 9,124 11,822
Upstream 13,648 47,507 18,349 22,169 28,481
Downstream 6,416 6,057 5,119 5,910 5,528
Oil Products 3,952 3,595 3,352 4,091 4,334
Chemicals 2,464 2,462 1,767 1,819 1,194
Corporate 115 99 215 136 210
Total 24,006 79,877 28,861 37,339 46,041
Of which
Organic capital investment 22,177 26,913 28,403 34,082 37,930
Inorganic capital investment 1,829 52,964 458 3,257 8,111
[A] Represents the exploration expense presented in the Statement of Income, less exploration wells written off.
[B] Includes finance leases and other adjustments related to timing differences between the recognition of assets and associated underlying cash flows.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shell subsidiaries 2017 $ million


North America South
Europe Asia Oceania Africa USA Other[A] America Total
Revenue
Third parties 1,193 2,708 1,414 1,872 1,080 339 689 9,295
Sales between businesses 7,120 9,061 2,400 3,218 5,119 2,938 5,245 35,101
Total 8,313 11,769 3,814 5,090 6,199 3,277 5,934 44,396

Production costs excluding taxes 2,509 2,469 1,110 1,365 2,558 1,571 1,218 12,800
Taxes other than income tax [B] 89 556 119 287 98 1 1,691 2,841
Exploration 243 245 42 129 868 142 276 1,945
Depreciation, depletion and
amortisation 2,560 2,892 1,777 1,863 3,410 3,886 3,374 19,762
Other costs/(income) (157) 1,073 (382) 145 114 1,050 469 2,312
Earnings before taxation 3,069 4,534 1,148 1,301 (849) (3,373) (1,094) 4,736
Taxation charge/(credit) 1,689 2,969 (202) (361) 363 (1,486) (294) 2,678
Earnings after taxation 1,380 1,565 1,350 1,662 (1,212) (1,887) (800) 2,058

$/boe
Revenue 43.71 36.72 31.76 35.57 39.13 38.70 39.36 38.02

Production costs excluding taxes 13.19 7.70 9.24 9.54 16.15 18.55 8.08 10.96
Taxes other than income tax [B] 0.47 1.73 0.99 2.01 0.62 0.01 11.22 2.43
Exploration 1.28 0.76 0.35 0.90 5.48 1.68 1.83 1.67
Depreciation, depletion and
amortisation 13.46 9.02 14.80 13.02 21.53 45.89 22.38 16.92
Other costs/(income) (0.83) 3.35 (3.18) 1.01 0.72 12.40 3.11 1.98
Earnings before taxation 16.14 14.15 9.56 9.09 (5.36) (39.83) (7.26) 4.06
Taxation charge/(credit) 8.88 9.26 (1.68) (2.52) 2.29 (17.55) (1.95) 2.29
Earnings after taxation 7.26 4.88 11.24 11.62 (7.65) (22.28) (5.31) 1.76
[A] Comprises Canada, Honduras and Mexico.
[B] Includes cash paid royalties to governments outside North America.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shell subsidiaries 2016 $ million


North America South
Europe Asia Oceania Africa USA Other[A] America Total
Revenue
Third parties 969 2,656 1,069 1,380 643 41 476 7,234
Sales between businesses 5,816 7,284 1,438 3,138 3,960 3,789 2,980 28,405
Total 6,785 9,940 2,507 4,518 4,603 3,830 3,456 35,639

Production costs excluding taxes 2,565 2,212 805 1,468 3,348 2,230 865 13,493
Taxes other than income tax [B] 66 421 83 194 70 – 790 1,624
Exploration 250 408 70 356 438 291 295 2,108
Depreciation, depletion and
amortisation 3,270 3,304 1,130 2,018 4,372 1,953 2,881 18,928
Other costs/(income) 1,925 1,606 (700) 356 40 680 (173) 3,734
Earnings before taxation (1,291) 1,989 1,119 126 (3,665) (1,324) (1,202) (4,248)
Taxation (credit)/charge (311) 1,918 559 431 (1,351) (377) (1,032) (163)
Earnings after taxation (980) 71 560 (305) (2,314) (947) (170) (4,085)

$/boe
Revenue 36.31 28.49 27.58 30.64 29.60 34.07 30.54 30.85

Production costs excluding taxes 13.73 6.34 8.86 9.96 21.53 19.84 7.64 11.68
Taxes other than income tax [B] 0.35 1.21 0.91 1.32 0.45 – 6.98 1.41
Exploration 1.34 1.17 0.77 2.41 2.82 2.59 2.61 1.82
Depreciation, depletion and
amortisation 17.50 9.47 12.43 13.69 28.12 17.37 25.46 16.38
Other costs/(income) 10.30 4.60 (7.70) 2.41 0.26 6.05 (1.53) 3.23
Earnings before taxation (6.91) 5.70 12.31 0.85 (23.57) (11.78) (10.62) (3.68)
Taxation (credit)/charge (1.66) 5.50 6.15 2.92 (8.69) (3.35) (9.12) (0.14)
Earnings after taxation (5.24) 0.20 6.16 (2.07) (14.88) (8.42) (1.50) (3.54)
[A] Comprises Canada, Honduras and Mexico.
[B] Includes cash paid royalties to governments outside North America.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shell subsidiaries 2015 $ million


North America South
Europe Asia Oceania Africa USA Other[A] America Total
Revenue
Third parties 1,866 2,577 1,202 1,174 567 53 85 7,524
Sales between businesses 5,707 8,040 418 3,737 4,941 4,045 535 27,423
Total 7,573 10,617 1,620 4,911 5,508 4,098 620 34,947

Production costs excluding taxes 2,490 2,163 541 1,570 3,039 2,612 343 12,758
Taxes other than income tax [B] 128 435 115 347 79 – 63 1,167
Exploration 261 1,255 195 161 3,336 164 347 5,719
Depreciation, depletion and
amortisation 2,769 3,047 478 1,733 6,259 6,570 687 21,543
Other costs/(income) 779 1,465 226 (1,441) 668 2,172 232 4,101
Earnings before taxation 1,146 2,252 65 2,541 (7,873) (7,420) (1,052) (10,341)
Taxation charge/(credit) 418 2,516 429 866 (2,907) (1,815) 278 (215)
Earnings after taxation 728 (264) (364) 1,675 (4,966) (5,605) (1,330) (10,126)

$/boe
Revenue 51.61 36.41 39.99 37.48 36.72 39.39 38.61 39.71

Production costs excluding taxes 16.97 7.42 13.35 11.98 20.26 25.11 21.36 14.50
Taxes other than income tax [B] 0.87 1.49 2.84 2.65 0.53 – 3.92 1.33
Exploration 1.78 4.30 4.81 1.23 22.24 1.58 21.61 6.50
Depreciation, depletion and
amortisation 18.87 10.45 11.80 13.23 41.72 63.16 42.78 24.48
Other costs/(income) 5.31 5.02 5.58 (11.00) 4.45 20.88 14.45 4.66
Earnings before taxation 7.81 7.72 1.60 19.39 (52.48) (71.33) (65.50) (11.75)
Taxation charge/(credit) 2.85 8.63 10.59 6.61 (19.38) (17.45) 17.31 (0.24)
Earnings after taxation 4.96 (0.91) (8.98) 12.78 (33.10) (53.88) (82.81) (11.51)
[A] Comprises Canada and Mexico.
[B] Includes cash paid royalties to governments outside North America.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shell subsidiaries 2014 $ million


North America South
Europe Asia Oceania Africa USA Canada America Total
Revenue
Third parties 2,808 4,914 1,867 3,004 1,078 202 126 13,999
Sales between businesses 7,869 13,973 990 6,516 9,903 7,399 1,376 48,026
Total 10,677 18,887 2,857 9,520 10,981 7,601 1,502 62,025

Production costs excluding taxes 2,831 2,282 599 2,032 3,440 3,367 482 15,033
Taxes other than income tax [A] 264 948 216 836 198 – 165 2,627
Exploration 457 1,331 232 307 1,549 88 260 4,224
Depreciation, depletion and
amortisation 1,772 3,341 427 2,037 6,576 1,709 475 16,337
Other costs/(income) 766 2,058 (2,123) 129 845 2,137 78 3,890
Earnings before taxation 4,587 8,927 3,506 4,179 (1,627) 300 42 19,914
Taxation charge/(credit) 3,362 6,800 2,113 2,404 (654) 60 157 14,242
Earnings after taxation 1,225 2,127 1,393 1,775 (973) 240 (115) 5,672

$/boe
Revenue 73.31 65.09 65.23 69.55 68.22 77.42 79.14 69.33

Production costs excluding taxes 19.44 7.86 13.68 14.85 21.37 34.29 25.40 16.80
Taxes other than income tax [A] 1.81 3.27 4.93 6.11 1.23 – 8.69 2.94
Exploration 3.14 4.59 5.30 2.24 9.62 0.90 13.70 4.72
Depreciation, depletion and
amortisation 12.17 11.51 9.75 14.88 40.85 17.41 25.03 18.26
Other costs/(income) 5.26 7.09 (48.47) 0.94 5.25 21.77 4.11 4.35
Earnings before taxation 31.50 30.76 80.05 30.53 (10.11) 3.06 2.21 22.26
Taxation charge/(credit) 23.09 23.43 48.24 17.56 (4.06) 0.61 8.27 15.92
Earnings after taxation 8.41 7.33 31.80 12.97 (6.04) 2.44 (6.06) 6.34
[A] Includes cash paid royalties to governments outside North America.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shell subsidiaries 2013 $ million


North America South
Europe Asia Oceania Africa USA Canada America Total
Revenue
Third parties 4,116 5,535 1,982 2,690 3,416 52 64 17,855
Sales between businesses 8,420 17,538 1,038 6,873 7,232 7,354 684 49,139
Total 12,536 23,073 3,020 9,563 10,648 7,406 748 66,994

Production costs excluding taxes 2,656 1,762 481 1,753 3,336 3,303 378 13,669
Taxes other than income tax [A] 328 1,254 231 963 223 – 85 3,084
Exploration 627 1,082 396 354 1,790 312 717 5,278
Depreciation, depletion and
amortisation 1,400 2,268 423 1,276 7,858 2,366 160 15,751
Other costs 1,052 3,713 40 419 1,395 2,129 124 8,872
Earnings before taxation 6,473 12,994 1,449 4,798 (3,954) (704) (716) 20,340
Taxation charge/(credit) 4,843 10,251 486 3,093 (1,461) (231) 71 17,052
Earnings after taxation 1,630 2,743 963 1,705 (2,493) (473) (787) 3,288

$/boe
Revenue 83.36 85.42 72.58 78.92 68.80 73.78 73.19 78.94

Production costs excluding taxes 17.66 6.52 11.56 14.47 21.56 32.91 36.99 16.11
Taxes other than income tax [A] 2.18 4.64 5.55 7.95 1.44 – 8.32 3.63
Exploration 4.17 4.01 9.52 2.92 11.57 3.11 70.16 6.22
Depreciation, depletion and
amortisation 9.31 8.40 10.17 10.53 50.78 23.57 15.66 18.56
Other costs 7.00 13.75 0.96 3.46 9.01 21.21 12.13 10.45
Earnings before taxation 43.04 48.11 34.82 39.59 (25.55) (7.01) (70.06) 23.97
Taxation charge/(credit) 32.21 37.95 11.68 25.52 (9.44) (2.30) 6.95 20.09
Earnings after taxation 10.84 10.16 23.14 14.07 (16.11) (4.71) (77.01) 3.87
[A] Includes cash paid royalties to governments outside North America.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Shell share of joint ventures and associates 2017–2013 $ million


North America South
Europe Asia Oceania Africa USA Canada America Total
Third-party revenue 1,646 4,503 58 – – – – 6,207

Production costs excluding taxes 337 729 93 – – – – 1,159


Taxes other than income tax 631 705 4 – – – – 1,340
Exploration 7 57 4 – – – – 68
Depreciation, depletion and
amortisation 188 1,654 40 – – – – 1,882
Other (income)/costs (83) 511 (60) – – – – 368
Earnings before taxation 566 847 (23) – – – – 1,390
Taxation charge 173 197 – – – – – 370
Earnings after taxation 393 650 (23) – – – – 1,020
2016 292 435 (177) – – – – 550
2015 454 1,250 (800) – – – – 904
2014 1,076 2,365 271 – – – (276) 3,436
2013 1,453 2,329 117 – – – (14) 3,885
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves for
Shell subsidiaries and the Shell share of joint ventures and associates [A]
(at December 31) Million barrels
2017 2016 2015 2014 2013
Europe 368 442 428 608 798
Asia 1,783 1,642 1,576 1,682 1,724
Oceania 132 128 138 140 163
Africa 463 529 579 691 651
North America – USA 899 491 560 711 991
North America – Canada
Oil and NGL 22 18 22 44 29
Synthetic crude oil 649[B] 2,014 1,941 1,763 1,731
Bitumen – 2 3 428 422
South America 946 992 56 63 112
Total including year-average price effects 5,262 6,258 5,303 6,130 6,621
[A] Includes proved reserves associated with future production that will be consumed in operations.
[B] Includes 325 million barrels of synthetic crude oil attributable to non-controlling interest in Shell subsidiaries.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Proved natural gas reserves for Shell subsidiaries and the Shell share of joint ventures Thousand
and associates [A][B] (at December 31) million scf
2017 2016 2015 2014 2013
Europe 8,225 10,238 11,386 12,296 13,275
Asia 16,786 15,827 16,055 16,101 16,161
Oceania 7,997 9,082 5,946 6,078 7,001
Africa 2,082 2,225 2,236 2,621 2,257
North America – USA 2,569 675 754 1,561 2,199
North America – Canada 1,272 844 955 1,611 1,500
South America 1,501 1,650 43 48 80
Total including year-average price effects 40,432 40,541 37,375 40,316 42,473
[A] Includes proved reserves associated with future production that will be consumed in operations.
[B] These quantities have not been adjusted to standard heat content.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Total proved oil and gas reserves [A][B] (at December 31) Million boe
2017 2016 2015 2014 2013
Europe 1,786 2,207 2,391 2,728 3,087
Asia 4,677 4,371 4,344 4,458 4,510
Oceania 1,511 1,694 1,163 1,188 1,370
Africa 822 913 965 1,143 1,040
North America – USA 1,342 607 690 980 1,370
North America – Canada 890 2,180 2,131 2,513 2,441
South America 1,205 1,276 63 71 126
Total including year-average price effects 12,233 13,248 11,747 13,081 13,944
Year-average price effects 487 (1,480) (1,707) 44 48
[A] Includes proved reserves associated with future production that will be consumed in operations.
[B] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel. Rounding difference may occur in estimates of gas reserves conversion from
scf to boe.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes for Shell Million
subsidiaries and the Shell share of joint ventures and associates [A] (at December 31) barrels
2017 2016 2015 2014 2013
Revisions and reclassifications 612 284 (252) 62 351
Improved recovery 76 24 4 9 412
Extensions and discoveries 375 127 48 68 182
Purchases of minerals in place 666 1,207 2 – 48
Sales of minerals in place (2,058) (12) (76) (86) (4)
Total additions including year-average price effects (329) 1,630 (274) 53 989
Production (667) (675) (553) (544) (564)
[A] Includes proved reserves associated with future production that will be consumed in operations.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ventures and Thousand
associates [A][B] (at December 31) million scf
2017 2016 2015 2014 2013
Revisions and reclassifications 1,938 (765) 114 1,767 2,530
Improved recovery 141 10 7 – 160
Extensions and discoveries 1,936 586 249 762 721
Purchases of minerals in place 277 7,537 86 287 54
Sales of minerals in place (248) (77) (139) (1,375) (55)
Total additions including year-average price effects 4,044 7,291 317 1,441 3,410
Production (4,153) (4,125) (3,258) (3,598) (3,729)
[A] Includes proved reserves associated with future production that will be consumed in operations.
[B] These quantities have not been adjusted to standard heat content.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Total proved oil and gas reserves changes [A][B] (at December 31) Million boe
2017 2016 2015 2014 2013
Revisions and reclassifications 946 152 (232) 367 787
Improved recovery 100 26 5 9 440
Extensions and discoveries 709 228 91 199 306
Purchases of minerals in place 714 2,506 16 49 57
Sales of minerals in place (2,101) (25) (100) (323) (13)
Total additions including year-average price effects 368 2,887 (220) 301 1,577
Year-average price effects 487 (1,480) (1,707) 44 48
Total additions excluding year-average price effects (119) 4,367 1,487 257 1,529
Total additions excluding acquisitions, divestments and
year-average price effects 1,268 1,886 1,571 531 1,485
Production (1,383) (1,386) (1,114) (1,164) (1,207)
[A] Includes proved reserves associated with future production that will be consumed in operations.
[B] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel. Rounding differences may occur in estimates of gas reserves conversion from
scf to boe.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes for Shell Million
subsidiaries and the Shell share of joint ventures and associates [A] (at December 31, 2017) barrels
North America South
Europe Asia Oceania Africa USA Canada America Total
Oil and Oil and Oil and Oil and Oil and Oil and Synthetic Oil and All
NGL NGL NGL NGL NGL NGL crude oil Bitumen NGL products
Revisions and
reclassifications 67 229 13 23 235 8 (3) 2 38 612
Improved recovery – 38 – – 38 – – – – 76
Extensions and
discoveries – 96 – – 242 7 – – 30 375
Purchases of minerals
in place – – – – 2 – 664 – – 666
Sales of minerals in
place (50) – – (14) – – (1992) (2) – (2058)
Total additions including
year-average price
effects 17 363 13 9 517 15 (1,331) 0 68 (329)
Production (91) (222) (9) (75) (109) (11) (34) (2) (114) (667)
[A] Includes proved reserves associated with volumes consumed in operations.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ventures and Thousand
associates [A][B] (at December 31, 2017) million scf
North America South
Europe Asia Oceania Africa USA Canada America Total
Revisions and reclassifications (830) 1,631 (565) 287 958 412 45 1,938
Improved recovery – 67 – – 74 – – 141
Extensions and discoveries 2 560 – – 1,163 205 6 1,936
Purchases of minerals in place – – 204 – 3 43 27 277
Sales of minerals in place (224) – – (7) (11) (6) – (248)
Total additions including year-average
price effects (1,052) 2,258 (361) 280 2,187 654 78 4,044
Production (961) (1,299) (724) (423) (293) (226) (227) (4,153)
[A] Includes proved reserves associated with volumes consumed in operations.
[B] These quantities have not been adjusted to standard heat content.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Total proved reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A][B] Million boe
(at December 31, 2017) unless specified
North America South
Europe Asia Oceania Africa USA Canada America Total
Oil, NGL Oil, NGL Oil, NGL Oil, NGL Oil, NGL Oil, NGL Synthetic Oil and All
and Gas and Gas and Gas and Gas and Gas and Gas crude oil Bitumen NGL products
Revisions and reclassifications (76) 510 (84) 72 400 79 (3) 2 46 946
Improved recovery – 49 – – 51 – – – – 100
Extensions and discoveries – 193 – – 443 42 – – 31 709
Purchases of minerals in place – – 35 – 3 7 664 – 5 714
Sales of minerals in place (89) – – (15) (2) (1) (1,992) (2) – (2,101)
Total additions including year-average price
effects (165) 752 (49) 57 895 127 (1,331) – 82 368
Year-average price effect 97 24 52 6 235 83 (44) – 34 487
Production (256) (446) (134) (148) (160) (50) (34) (2) (153) (1,383)
Reserves replacement ratio excluding
acquisitions, divestments and year-average
price effects 92%
Total additions excluding acquisitions and
divestments but including year-average
price effects 1,755
Reserves replacement ratio including
acquisitions, divestments and year-average
price effects 27%
[A] Includes proved reserves associated with volumes consumed in operations.

[B] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel. Rounding differences may occur in estimates of gas reserves conversion from scf to boe.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Total production available for sale [A][B] Thousand boe/d


2017 2016 2015 2014 2013
SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A
Europe
Denmark 67 – 64 – 70 – 75 – 82 –
Germany 25 – 26 – 30 – 34 – 37 –
Ireland 25 – 21 –
Italy 30 – 24 – 38 – 40 – 41 –
Netherlands – 166 – 192 – 207 – 279 – 346
Norway 168 – 174 – 159 – 160 – 161 –
UK 206 – 203 – 105 – 90 – 91 –
Total Europe 521 166 512 192 402 207 399 279 412 346
Asia
Brunei 17 118 16 121 12 128 13 124 11 133
China 21 – 21 – 22 – 25 – 28 –
Iraq 20 – 54 – 55 – 53 – 23 –
Kazakhstan 119 – 94 –
Malaysia 178 – 178 – 183 – 160 – 155 –
Oman 212 – 220 – 215 – 205 – 204 –
Philippines 23 – 24 – 22 – 22 – 22 –
Russia 62 95 63 93 62 90 67 89 71 89
Thailand 34 – 33 –
Other [C] 192 77 253 77 228 78 250 85 226 236
Total Asia 878 290 956 291 799 296 795 298 740 458
Oceania
Australia 298 9 214 20 77 40 77 52 76 61
New Zealand 31 – 35 – 34 – 43 – 38 –
Total Oceania 329 9 249 20 111 40 120 52 114 61
Africa
Egypt 76 – 88 – 48 – 39 – 33 –
Gabon 27 – 35 – 34 – 33 – 29 –
Nigeria 266 – 259 – 277 – 303 – 270 –
Tunisia 23 – 22 –
Total Africa 392 – 404 – 359 – 375 – 332 –
North America
USA 434 – 426 – 411 – 441 – 424 –
Canada 136 – 149 – 134 – 124 – 130 –
Total North America 570 – 575 – 545 – 565 – 554 –
South America
Bolivia 34 – 38 –
Brazil 337 – 229 – 38 – 45 – 21 –
Trinidad and Tobago 35 – 38 –
Other [C] 7 – 5 – 6 – 7 – 7 9
Total South America 413 – 310 – 44 – 52 – 28 9
Total oil and gas
production 3,103 465 3,006 503 2,260 543 2,306 629 2,180 874
Synthetic oil production 91 – 146 – 137 – 129 – 126 –
Bitumen production 5 – 13 – 14 – 16 – 19 –
Grand total 3,199 465 3,165 503 2,411 543 2,451 629 2,325 874
[A] Natural gas volumes are converted into oil equivalent using a factor of 5,800 scf per barrel.
[B] Includes natural gas liquids. Reflects 100% of production attributable to subsidiaries except in respect of PSCs, where the figures shown represent the entitlement of the
subsidiaries concerned under those contracts.
[C] Other comprises countries where 2017 production was lower than 20 thousand boe/d or where specific disclosures are prohibited.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Crude oil and natural gas liquids production available for sale [A] Thousand b/d
2017 2016 2015 2014 2013
SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A
Europe
Denmark 42 – 42 – 48 – 52 – 57 –
Italy 24 – 19 31 32 33
Norway 54 – 59 – 38 – 41 – 40 –
UK 124 – 113 – 57 – 41 – 40 –
Other [B] 2 3 3 2 2 4 2 5 3 5
Total Europe 246 3 236 2 176 4 168 5 173 5
Asia
Brunei 3 43 3 48 2 51 2 51 2 55
Iraq 20 – 54 – 55 – 53 – 23 –
Kazakhstan 81 – 58 – – – – – – –
Malaysia 73 – 74 – 63 – 46 – 42 –
Oman 212 – 220 – 215 – 205 – 204 –
Russia 60 30 61 30 60 28 65 28 69 29
Other [B] 63 22 80 21 67 22 73 29 68 182
Total Asia 512 95 550 99 462 101 444 108 408 266
Total Oceania [B] 25 24 3 22 8 25 10 26 13
Africa
Gabon 27 – 35 – 34 – 33 – 30 –
Nigeria 154 – 171 – 186 – 192 – 175 –
Other [B] 25 – 26 – 17 – 14 – 11 –
Total Africa 206 – 232 – 237 – 239 – 216 –
North America
USA 299 – 281 – 286 – 271 – 237 –
Canada 30 – 30 – 24 – 23 – 21 –
Total North America 329 – 311 – 310 – 294 – 258 –
South America
Brazil 304 – 214 – 36 – 45 – 21 –
Other [B] 9 – 8 – 2 – 1 – 1 9
Total South America 313 – 222 – 38 – 46 – 22 9
Total 1,631 98 1,575 104 1,245 113 1,216 123 1,103 293
[A] Reflects 100% of production attributable to subsidiaries except in respect of PSCs, where the figures shown represent the entitlement of the subsidiaries concerned
under those contracts.
[B] Comprises countries where 2017 production was lower than 20 thousand b/d or where specific disclosures are prohibited.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Natural gas production available for sale [A] Million scf/d


2017 2016 2015 2014 2013
SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A SUBS JV&A
Europe
Denmark 143 – 129 – 132 – 136 – 146 –
Germany 132 – 141 – 160 – 183 – 200 –
Ireland 144 – 122 – – – – – – –
Netherlands – 940 – 1,100 – 1,177 – 1,592 – 1,976
Norway 667 – 663 – 693 – 691 – 703 –
UK 477 – 520 – 277 – 286 – 300 –
Other [B] 36 – 27 – 44 – 43 – 42 –
Total Europe 1,599 940 1,602 1,100 1,306 1,177 1,339 1,592 1,391 1,976
Asia
Brunei 82 435 74 426 58 446 61 425 51 451
China 120 – 119 – 127 – 145 – 164 –
Kazakhstan 221 – 211 – – – – – – –
Malaysia 607 – 606 – 697 – 663 – 655 –
Philippines 118 – 123 – 114 – 110 – 108 –
Russia 11 378 11 364 11 361 11 352 12 347
Thailand 166 – 163 – – – – – – –
Other [B] 792 324 1,049 323 947 324 1,041 324 928 317
Total Asia 2,117 1,137 2,356 1,113 1,954 1,131 2,031 1,101 1,918 1,115
Oceania
Australia 1,622 51 1,145 100 362 185 364 241 344 276
New Zealand 142 – 159 – 153 – 189 – 168 –
Total Oceania 1,764 51 1,304 100 515 185 553 241 512 276
Africa
Egypt 335 – 397 – 178 – 148 – 126 –
Nigeria 648 – 503 – 534 – 643 – 552 –
Other [B] 99 – 95 – – – – – – –
Total Africa 1,082 – 995 – 712 – 791 – 678 –
North America
USA 785 – 845 – 724 – 989 – 1,081 –
Canada 615 – 693 – 641 – 588 – 635 –
Total North America 1,400 – 1,538 – 1,365 – 1,577 – 1,716 –
South America
Bolivia 163 – 184 – – – – – – –
Brazil 192 – 85 8 8 2
Trinidad and Tobago 200 – 214 – – – – – – –
Other [B] 23 – 22 – 27 – 26 – 31 1
Total South America 578 – 505 – 35 – 34 – 33 1
Total 8,540 2,128 8,300 2,313 5,887 2,493 6,325 2,934 6,248 3,368
[A] Reflects 100% of production attributable to subsidiaries except in respect of PSCs, where the figures shown represent the entitlement of the subsidiaries concerned
under those contracts.
[B] Comprises countries where 2017 production was lower than 115 million scf/d or where specific disclosures are prohibited.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Oil and gas acreage (at December 31) Thousand acres


2017 2016
Developed Undeveloped Developed Undeveloped
Gross Net Gross Net Gross Net Gross Net
Europe 6,463 2,071 14,119 6,187 6,556 2,197 18,216 10,241
Asia 25,975 9,139 35,305 18,730 26,003 9,199 58,463 36,298
Oceania 3,296 1,255 22,406 13,985 1,939 822 37,876 24,109
Africa 4,663 1,938 33,453 20,811 5,083 2,315 41,517 29,152
North America – USA 1,936 1,134 2,718 1,937 2,002 1,197 4,151 2,577
North America – Canada 953 651 16,714 15,005 976 670 26,149 19,402
South America 1,302 606 9,338 6,196 1,315 547 17,759 14,643
Total 44,588 16,794 134,053 82,851 43,874 16,947 204,131 136,422
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Oil and gas acreage (at December 31) Thousand acres


2015 2014 2013
Developed Undeveloped Developed Undeveloped Developed Undeveloped
Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net
Europe 7,152 2,194 14,623 7,732 9,603 2,693 16,161 8,563 9,614 2,698 15,978 6,225
Asia 25,581 9,181 36,658 22,995 25,724 9,252 46,487 25,155 26,349 9,275 56,373 27,791
Oceania 2,041 530 51,740 16,975 1,657 433 57,939 18,991 1,659 466 74,055 29,811
Africa 4,650 2,071 40,435 27,058 5,174 2,232 39,297 26,409 5,217 2,245 37,811 24,553
North America –
USA 1,659 1,158 5,033 4,262 1,635 1,131 6,133 5,047 1,901 1,213 8,432 6,613
North America –
Canada 1,227 745 32,706 25,716 1,132 748 33,094 27,223 1,259 832 33,307 28,677
South America 100 52 7,851 3,621 100 52 8,637 4,081 162 89 15,116 7,210
Total 42,410 15,931 189,046 108,359 45,025 16,541 207,748 115,469 46,161 16,818 241,072 130,880
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Number of productive wells [A] (at December 31)


2017 2016
Oil Gas Oil Gas
Gross Net Gross Net Gross Net Gross Net
Europe 1,156 303 1,235 392 1,215 321 1,232 403
Asia 9,410 3,132 711 283 9,261 3,141 656 263
Oceania – – 3,499 1,926 – – 3,257 1,734
Africa 380 155 180 122 662 289 191 127
North America – USA 15,408 7,817 1,636 717 15,532 7,892 3,046 2,136
North America – Canada – – 892 794 283 283 941 781
South America 111 47 55 32 73 28 50 26
Total 26,465 11,454 8,208 4,266 27,026 11,954 9,373 5,470
[A] The number of productive wells with multiple completions (more than one formation producing into the same well bore) at December 31, 2017, was 1,946 gross (761
net); 2016: 1,721 gross, corrected from 1,754 gross (686, corrected from 691)
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Number of productive wells [A] (at December 31)


2015 2014 2013
Oil Gas Oil Gas Oil Gas
Gross Net Gross Net Gross Net Gross Net Gross Net Gross Net
Europe 1,272 344 1,229 392 1,256 332 1,209 333 1,315 349 1,193 334
Asia 8,271 2,853 334 190 7,529 2,643 353 198 8,187 2,578 340 192
Oceania – – 624 234 44 3 625 235 44 5 655 244
Africa 821 334 129 86 887 349 116 79 921 350 109 71
North America –
USA 15,331 7,893 2,522 2,403 15,313 7,760 2,555 1,849 15,347 8,150 4,316 2,878
North America –
Canada 286 286 1,209 1,059 325 320 1,125 878 337 331 1,238 949
South America 25 15 7 2 25 15 7 2 74 31 7 2
Total 26,006 11,725 6,054 4,366 25,379 11,422 5,990 3,574 26,225 11,794 7,858 4,670
[A] The number of productive wells with multiple completions (more than one formation producing into the same well bore) at December 31, 2015, was 1,811 gross (760
net); 2014: 1,802 gross (762 net); 2013: 2,200 gross (805 net).
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Number of net productive wells and dry holes drilled (at December 31)
2017 2016
Productive Dry Productive Dry
Exploratory [A]
Europe – 1 – –
Asia 3 5 2 4
Oceania 2 – – –
Africa 2 3 4 2
North America – USA 9 6 40 2
North America – Canada 30 5 – –
South America 6 – – –
Total 52 20 46 8
Development
Europe 5 – 10 1
Asia 312 4 265 –
Oceania 63 – 184 –
Africa 24 3 15 –
North America – USA 237 – 137 –
North America – Canada 56 1 50 –
South America 1 – 3 –
Total 698 8 664 1
[A] Productive wells are wells with proved reserves allocated. Exploratory wells in the process of drilling are excluded.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Number of net productive wells and dry holes drilled (at December 31)
2015 2014 2013
Productive Dry Productive Dry Productive Dry
Exploratory [A]
Europe 1 2 1 2 1 3
Asia – 11 2 10 2 9
Oceania – 3 – 1 – 1
Africa 5 – 4 4 6 3
North America – USA 35 8 53 89 173 33
North America – Canada 73 5 39 2 17 2
South America – 1 – 1 – 5
Total 114 30 99 109[B] 199 56
Development
Europe 10 – 8 1 6 2
Asia 252 2 243 9 218 6
Oceania 2 – 6 1 12 –
Africa 24 – 23 2 24 –
North America – USA 433 – 392 3 447 2
North America – Canada 20 2 22 – 57 1
South America 3 1 3 – 4 –
Total 744 5 697 16 768 11
[A] Productive wells are wells with proved reserves allocated. Exploratory wells in the process of drilling are excluded.
[B] Includes 50 net exploratory wells sold in North and South America.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

LNG regasification terminals


Shell capacity Capacity right
Project name Location rights (mtpa) period Status Shell interest (%) Start-up date
Altamira Tamaulipas, Mexico 3.3[A] from 2006 In operation Leased 2006
Barcelona Barcelona, Spain 0,1 2010–2020 In operation Leased 1969
Costa Azul Baja California, 2,7 2008–2028 In operation Leased 2008
Mexico
Cove Point Lusby, MD, USA 1,8 2003–2023 In operation Leased 2003
Dragon LNG Milford Haven, UK 2,8 2009–2029 In operation 50 2009
Elba Island Expansion Elba Island, GA, USA 4,2 2010–2035 In operation Leased 2010

Elba Island Elba Island, GA, USA 2,8 2006–2036 In operation Leased 2006

Elba Island Elba Island, GA, USA 4.6[B] 2003–2027 In operation Leased 2003

GATE (Gas Access Rotterdam, 1.4[C] 2015–2031 In operation Capacity rights 2015
to Europe) The Netherlands
Hazira Gujarat, India 2.2[D] from 2005 In operation 74 2005
Lake Charles Lake Charles, LA, 4,4 2002–2030 In operation Leased 2002
USA
Lake Charles Lake Charles, LA, 8,7 2005–2030 In operation Leased 2005
Expansion USA
Singapore Singapore up to 3.0[E] 2013–2023 In operation Import rights 2013
Singapore Singapore up to 1.0[F] from 2017 not yet in Import rights 2018
operation
Shell LNG Gibraltar Gibraltar up to 0.04[G] 2018-2038 LNG terminal 51 2018
under
construction
[A] 100% capacity rights are held by Gas del Litoral joint venture with which Shell has a contract to supply 75% of the volumes.
[B] Of which 1.2 mtpa may be supplied by Marathon.
[C] No Shell interest (%) in the project, only capacity rights and use of jetty.
[D] Capacity rights are valid until the end of the lease for the port company, which is 2035 currently. It is highly probable the lease will be extended beyond that. Capacity
rights sit with Shell Gas B.V. rather than SITME. 100% of the capacity rights are held by the Hazira JV. Shell as a 74% JV partner has equity capacity rights. However, this
requires approval of the other JV partner Total ( 26%) since both partners have veto rights on all key business decisions.
[E] Exclusive licence to import LNG and sell regasified LNG in Singapore for up to 3.0 mtpa or until the year 2023, whichever comes first.
[F] Second licence to import LNG and sell regassified LNG in Singapore. Licence issued in October 2017. Start-up expected Q2 2018.
[G] Start-up expected Q2 2018. Non-operated joint venture – Shell 51% equity; Her Majesty’s Government of Gibraltar (HMGoG) 49%.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

LNG liquefaction plants in operation


100% capacity
Asset Location Shell interest (%) (mtpa)[A]
Europe
Norway Gasnor Bergen 100.0 0.3
Asia
Brunei Brunei LNG Lumut 25.0 7.8
Malaysia Malaysia LNG Tiga Bintulu 15.0 7.7
Oman Oman LNG Sur 30.0 7.1
Qalhat LNG Sur 11.0[B] 3.7
Qatar Qatargas 4 Ras Laffan 30.0 7.8
Russia Sakhalin LNG Prigorodnoye 27.5 9.6
Oceania
Australia Australia North West Shelf Karratha 16.7 16.9
Gorgon LNG T1 Barrow Island 25.0 5.2
Gorgon LNG T2 Barrow Island 25.0 5.2
Gorgon LNG T3 Barrow Island 25.0 5.2
Queensland Curtis LNG T1 Curtis Island 50.0 4.3
Queensland Curtis LNG T2 Curtis Island 97.5 4.3
Africa
Egypt Egyptian LNG T1 Idku 35.5 3.6
Egyptian LNG T2 Idku 38.0 3.6
Nigeria Nigeria LNG Bonny 25.6 22.0
South America
Peru Peru LNG Pampa Melchorita 20.0 4.5
Trinidad and Tobago Atlantic LNG T1 Point Fortin 46.0 3.1
Atlantic LNG T2/T3 Point Fortin 57.5 6.6
Atlantic LNG T4 Point Fortin 51.1 5.2
[A] As reported by the operator.
[B] Interest, or part of the interest, is held via indirect shareholding.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

LNG liquefaction plants under construction


Asset Location Shell interets (%) 100% capacity (mtpa)
Oceania
Australia Prelude Browse Basin 67.5 3.6
Royal Dutch Shell plc Investors’ Handbook 2013-2017

GTL plants in operation


Asset Location Shell interest (%) 100% capacity (b/d)
Asia
Malaysia Shell MDS Bintulu 72.0 14,700
Qatar Pearl Ras Laffan 100.0 140,000
Royal Dutch Shell plc Investors’ Handbook 2013-2017

LNG liquefaction volumes Million tonnes


2017 2016 2015 2014 2013
Australia 11.1 9.5 3.4 3.7 3.7
Brunei 1.6 1.6 1.6 1.5 1.7
Egypt 0.2 0.2 – – –
Malaysia 1.3 1.3 1.8 2.7 2.6
Nigeria 5.2 4.5 5.0 5.0 4.4
Norway 0.1 0.1 – – –
Oman 2.0 2.0 1.9 1.8 2.0
Peru 0.9 0.9 0.7 0.8 –
Qatar 2.4 2.4 2.4 2.4 2.3
Russia 3.1 3.0 2.9 2.9 2.9
Trinidad and Tobago 5.3 5.4 2.9 3.2 –
Total 33.2 30.9 22.6 24.0 19.6
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Refinery availability %
2017 2016 2015 2014 2013
Average worldwide 91 90 90 93 94
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Cost of crude oil processed or consumed [A] $/b


2017 2016 2015 2014 2013
Total 46.78 34.47 40.91 82.76 90.36
[A] Includes Upstream margin on crude oil supplied by Shell subsidiaries, joint ventures and associates.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Thousand b/
Crude distillation capacity [A] calendar day[B]
2017 2016 2015 2014 2013
Europe 970 973 1,037 1,033 1,033
Asia 704 808 816 810 810
Oceania – – – 80 118
Africa 82 82 82 82 82
Americas 1,176 1,223 1,219 1,212 1,212
Total 2,932 3,086 3,154 3,217 3,255
[A] Average operating capacity for the year, excluding mothballed capacity.
[B] Calendar day capacity is the maximum sustainable capacity adjusted for normal unit downtime.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Oil Products – crude oil processed [A] Thousand b/d


2017 2016 2015 2014 2013
Europe 892 898 870 941 1,010
Asia 528 563 685 688 706
Oceania – – – 59 116
Africa 54 68 56 69 61
Americas 997 1,088 1,150 1,149 1,100
Total 2,471 2,617 2,761 2,906 2,993
[A] Includes natural gas liquids, share of joint ventures and associates and processing for others.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Refinery processing intake [A] Thousand b/d


2017 2016 2015 2014 2013
Crude oil 2,364 2,317 2,596 2,716 2,732
Feedstocks 208 384 209 187 183
Total 2,572 2,701 2,805 2,903 2,915
Europe 892 896 903 941 933
Asia 539 568 627 639 634
Oceania – – – 64 105
Africa 54 67 56 69 54
Americas 1,087 1,170 1,219 1,190 1,189
Total 2,572 2,701 2,805 2,903 2,915
[A] Includes crude oil, natural gas liquids and feedstocks processed in crude oil distillation units and in secondary conversion units.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Refinery processing outturn [A] Thousand b/d


2017 2016 2015 2014 2013
Gasolines 955 1,021 1,012 1,049 1,049
Kerosines 290 326 316 331 368
Gas/diesel oils 925 942 972 1,047 1,014
Fuel oil 265 277 290 316 274
Other products 334 386 449 395 389
Total 2,769 2,952 3,039 3,138 3,094
[A] Excludes “own use” and products acquired for blending purposes.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Refineries in operation Thousand b/calendar day, 100% capacity[B]


Thermal
Shell Crude cracking/
interest (%) distillation visbreaking/ Catalytic Hydro
Location Asset class [A] capacity coking cracking cracking
Europe
Denmark Fredericia [C] 100 67 25 – –
Germany Miro [D] 32 287 34 87 –
Rheinland 100 325 44 – 80
Schwedt [D] 38 214 40 52 –
Netherlands Pernis 100 404 45 48 83
Asia
Japan Mizue (Toa) [D] 2 64 24 38 –
Yamaguchi [D] 1 110 – 25 –
Yokkaichi [D] 3 234 – 55 –
Pakistan Karachi [D] 32 43 – – –
Philippines Tabangao 55 96 31 – –
Saudi Arabia Al Jubail [D] 50 292 62 – 45
Singapore Pulau Bukom 100 463 72 34 55
Africa
South Africa Durban [D] 36 165 23 34 –
Americas
Argentina Buenos Aires 100 100 18 20 –
Canada
Alberta Scotford 100 92 – – 74
Ontario Sarnia 100 73 4 19 9
USA
California Martinez 100 145 43 65 38
Louisiana Convent [E] 50 223 – 79 30
Norco [E] 50 229 25 107 39
Texas Deer Park 50 312 78 63 53
Washington Puget Sound 100 137 23 52 –
[A] Shell interest is rounded to nearest whole percentage point; the Shell share of production capacity may differ.
[B] Calendar day capacity is the maximum sustainable capacity adjusted for normal unit downtime.
[C] The previously agreed sale of our Fredericia refinery has been cancelled.
[D] Not operated by Shell.
[E] In 2017, we assumed 100% ownership as a result of the Motiva transaction.

Integrated refinery and chemical complex.


Refinery complex with cogeneration capacity.
Refinery complex with chemical unit(s).
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Oil product sales volumes [A][B] Thousand b/d


2017 2016 2015 2014 2013
Europe
Gasolines 317 309 403 405 415
Kerosines 272 258 251 264 226
Gas/diesel oils 758 765 779 841 962
Fuel oil 170 183 186 176 194
Other products 362 287 240 205 168
Total 1,879 1,802 1,859 1,891 1,965
Asia
Gasolines 399 388 379 343 325
Kerosines 216 195 214 191 191
Gas/diesel oils 516 519 533 515 483
Fuel oil 349 354 340 325 322
Other products 536 593 489 441 256
Total 2,016 2,049 1,955 1,815 1,577
Oceania
Gasolines – – – 52 87
Kerosines 23 55 51 48 51
Gas/diesel oils – – – 64 115
Fuel oil – – – – –
Other products – – – 10 19
Total 23 55 51 174 272
Africa
Gasolines 43 41 37 36 45
Kerosines 13 10 9 9 9
Gas/diesel oils 78 66 57 52 43
Fuel oil 2 1 1 – 3
Other products 6 7 15 7 14
Total 142 125 119 104 114
Americas
Gasolines 1,415 1,331 1,325 1,268 1,149
Kerosines 212 205 204 206 234
Gas/diesel oils 545 540 584 583 519
Fuel oil 92 69 86 68 96
Other products 275 307 249 256 238
Total 2,539 2,452 2,448 2,381 2,236
Total product sales [C]
Gasolines 2,174 2,069 2,144 2,104 2,021
Kerosines 736 723 729 718 711
Gas/diesel oils 1,897 1,890 1,953 2,055 2,122
Fuel oil 613 607 613 569 615
Other products 1,179 1,194 993 919 695
Total 6,599 6,483 6,432 6,365 6,164
[A] Excludes deliveries to other companies under reciprocal sale and purchase arrangements, which are in the nature of exchanges. Sales of condensate and natural gas
liquids are included.
[B] Includes the Shell share of Raízen's sales volumes.
[C] Certain contracts are held for trading purposes and reported net rather than gross. The effect in 2017 was a reduction in oil products sales of approximately 596,000 b/d
(2016: 839,000 b/d; 2015: 1,158,000 b/d; 2014: 1,067,000 b/d; 2013: 921,000 b/d).
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Sales by product as percentage of total product sales %


2017 2016 2015 2014 2013
Gasolines 32.9 31.9 33.3 33.1 32.8
Kerosines 11.2 11.2 11.3 11.3 11.5
Gas/diesel oils 28.7 29.2 30.4 32.3 34.4
Fuel oil 9.3 9.4 9.5 8.9 10.0
Other products 17.9 18.4 15.5 14.4 11.3
Total 100.0 100.0 100.0 100.0 100.0
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Branded retail sites Year-end number


2017 2016 2015 2014 2013
Europe 7,822 7,768 7,829 7,971 9,038
Asia [A] 9,711 9,596 9,386 9,726 9,276
Oceania 920 850 850 888 923
Africa 2,464 2,277 2,262 1,932 2,099
Americas 23,386 22,855 22,385 22,344 21,970
Total 44,303 43,346 42,712 42,861 43,306
[A] Asia includes Turkey and Russia.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Chemical plant availability %


2017 2016 2015 2014 2013
Average worldwide 92 90 85 85 92
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Chemicals sales volumes [A] Thousand tonnes


2017 2016 2015 2014 2013
Europe
Base chemicals 4,059 3,670 3,000 3,287 3,423
Intermediates and others 2,056 2,073 1,936 2,019 2,281
Total 6,115 5,743 4,936 5,306 5,704
Asia
Base chemicals 2,515 2,200 2,319 2,220 2,266
Intermediates and others 3,243 2,927 3,576 2,901 2,989
Total 5,758 5,127 5,895 5,121 5,255
Oceania
Base chemicals – – – –
Intermediates and others – – 35 62
Total – – 35 62
Africa
Base chemicals – – – –
Intermediates and others 22 37 43 47
Total 22 37 43 47
Americas
Base chemicals 3,839 4,041 3,036 3,251 3,218
Intermediates and others 2,527 2,359 3,244 3,252 3,100
Total 6,366 6,400 6,280 6,503 6,318
Total product sales
Base chemicals 10,413 9,911 8,355 8,758 8,907
Intermediates and others 7,826 7,381 8,793 8,250 8,479
Total 18,239 17,292 17,148 17,008 17,386
[A] Excludes feedstock trading and by-products.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Ethylene capacity [A] Thousand tonnes/year


2017 2016 2015 2014 2013
Europe 1,702 1,702 1,702 1,659 1,659
Asia 1,904 2,222 2,222 1,922 1,922
Oceania – – – –
Africa – – – –
Americas 2,267 2,235 2,235 2,212 2,212
Total 5,873 6,159 6,159 5,793 5,793
[A] Includes the Shell share of capacity entitlement (offtake rights) of joint ventures and associates, which may be different from nominal equity interest. Nominal capacity is
quoted at December 31.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Thousand tonnes/year,
Major chemical plants in operation [A] Shell share capacity[B]
Styrene Ethylene Higher Additional
Location Ethylene monomer glycol olefins[C] products
Europe
Germany Rheinland 315 – – – A
Netherlands Moerdijk 972 816 153 – A, I
UK Mossmorran [D] 415 – – – –
Stanlow [D] – – – 315 I
Asia
China Nanhai [D] 475 320 175 – A, I, P
Singapore Jurong Island 281 1,069 1,158 – A, I, P, O
Pulau Bukom 1,148 – – – A, I
Americas
Canada Scotford – 485 520 – A, I
USA Deer Park 836 – – – A, I
Geismar – – 400 965 I
Norco 1,431 – – – A
Total 5,873 2,690 2,406 1,280
[A] Major chemical plants are large integrated chemical facilities, typically producing a range of chemical products from an array of feedstocks, and are a core part of our
global Chemicals business.

[B] The Shell share of capacity of subsidiaries, joint arrangements and associates (Shell and non-Shell operated), excluding capacity of the Infineum additives joint ventures.
[C] Higher olefins are linear alpha and internal olefins (products range from C6-C2024).
[D] Not operated by Shell.

A Aromatics, lower olefins.


I Intermediates.
P Polyethylene, polypropylene.
O Other.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Share prices
Euronext Amsterdam New York Stock Exchange
A shares A ADSs
High Low Year-end High Low Year-end
€ € € $ $ $
2013 27.06 23.40 25.91 73.00 62.65 71.27
2014 31.13 24.30 27.66 83.42 60.84 66.95
2015 29.59 19.58 21.10 67.16 43.26 45.79
2016 26.39 16.53 25.99 56.29 35.80 54.38
2017 28.25 22.73 27.77 66.92 50.32 66.71

London Stock Exchange New York Stock Exchange


B shares B ADSs
High Low Year-end High Low Year-end
pence pence pence $ $ $
2013 2,375 2,070 2,280 75.18 65.02 75.11
2014 2,614 1,985 2,233 88.13 62.11 69.56
2015 2,315 1,423 1,543 70.15 43.51 46.04
2016 2,359 1,261 2,354 58.49 35.96 57.97
2017 2,513 2,037 2,509 68.48 53.10 68.29
Royal Dutch Shell plc Investors’ Handbook 2013-2017

A and B shares $
2017 2016 2015 2014 2013
Q1 0.47 0.47 0.47 0.47 0.45
Q2 0.47 0.47 0.47 0.47 0.45
Q3 0.47 0.47 0.47 0.47 0.45
Q4 0.47 0.47 0.47 0.47 0.45
Total announced in respect of the year 1.88 1.88 1.88 1.88 1.80
Royal Dutch Shell plc Investors’ Handbook 2013-2017

A shares €[A]
2017 2016 2015 2014 2013
Q1 0.42 0.42 0.42 0.35 0.34
Q2 0.39 0.42 0.42 0.36 0.34
Q3 0.40 0.44 0.43 0.38 0.33
Q4 0.38 0.44 0.42 0.43 0.32
Total announced in respect of the year 1.59 1.72 1.69 1.53 1.34
Amount paid during the year 1.65 1.70 1.71 1.42 1.34
[A] Euro equivalent, rounded to the nearest euro cent.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

B shares Pence[A]
2017 2016 2015 2014 2013
Q1 37.12 32.98 30.75 28.03 28.99
Q2 36.28 35.27 30.92 29.09 28.67
Q3 35.02 37.16 31.07 30.16 27.51
Q4 33.91 38.64 32.78 31.20 26.88
Total announced in respect of the year 142.33 144.05 125.52 118.48 112.05
Amount paid during the year 147.06 138.19 123.94 114.16 113.96
[A] Sterling equivalent.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

A and B ADSs $
2017 2016 2015 2014 2013
Q1 0.94 0.94 0.94 0.94 0.90
Q2 0.94 0.94 0.94 0.94 0.90
Q3 0.94 0.94 0.94 0.94 0.90
Q4 0.94 0.94 0.94 0.94 0.90
Total announced in respect of the year 3.76 3.76 3.76 3.76 3.60
Amount paid during the year 3.76 3.76 3.76 3.72 3.56
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Scrip issuance A shares Number of shares in million


2017[A] 2016 2015[B] 2014[B] 2013
Q1 47.8 65.7 – 38.0 25.6
Q2 33.9 50.6 23.4 26.6 23.6
Q3 33.8 44.1 23.9 – 39.1
Q4 52.7 58.9 49.0 – 37.3
Total 168.2 219.3 96.3 64.6 125.6
[A] Our Scrip Dividend Programme was cancelled with effect from the fourth quarter 2017 interim dividend.
[B] Our Scrip Dividend Programme was cancelled with effect from the second quarter 2014 interim dividend and reintroduced with effect from the first quarter 2015 interim
dividend.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Number of shares repurchased [A] Number of shares in million


2017 2016 2015[B] 2014 2013
Q1 – – 12.7 32.4 16.1
Q2 – – – 9.5 56.2
Q3 – – – 21.4 45.4
Q4 – – – 24.4 27.2
Total – – 12.7 87.7 144.9
[A] Share repurchases based on the trading date. Settlement usually occurs three working days after each trading day.
[B] Our share buyback programme was suspended in February 2015.
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Credit ratings (at April 1, 2018)


S&P Moody’s
Short-term Long-term Short-term Long-term
rating rating Outlook rating rating Outlook
Royal Dutch Shell plc A–1 A+ Positive P–1 Aa2 Stable
Debt of Shell International
Finance B.V. A–1 A+ Positive P–1 Aa2 Stable
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Publicly listed bonds, current outstanding


Maturity Settlement Currency Million Coupon Listing ISIN
14 May 2018 13 May 2009 EUR 2,500 4.375% London XS0428147093
10 Aug 2018 12 Aug 2013 USD 1,500 1.900% New York US822582AW21
10 Nov 2018 10 Nov 2015 USD 1,250 1.625% New York US822582BM30
3-month LIBOR
10 Nov 2018 10 Nov 2015 USD 500 + 0.58% New York US822582BN13
15 Nov 2018 15 Nov 2013 USD 1,250 2.000% New York US822582BA91
10 May 2019 10 May 2016 USD 1,750 1.375% New York US822582BR27
12 Sep 2019 12 Sep 2016 USD 1,000 1.375% New York US822582BU55
3-month LIBOR
12 Sep 2019 12 Sep 2016 USD 500 + 0.35% New York US822582BV39
3-month EURIBOR
15 Sep 2019 15 Sep 2015 EUR 1,200 + 0.40% London XS1292468987
22 Sep 2019 22 Sep 2009 USD 2,000 4.300% New York US822582AJ10
20 Dec 2019 06 Nov 2014 GBP 500 2.000% London XS1135277736
25 Mar 2020 25 Mar 2010 USD 1,250 4.375% New York US822582AM49
11 May 2020 11 May 2015 USD 2,000 2.125% New York US822582BG61
3-month LIBOR
11 May 2020 11 May 2015 USD 750 + 0.45% New York US822582BH45
10 Nov 2020 10 Nov 2015 USD 1,250 2.250% New York US822582BP60
24 Mar 2021 24 Mar 2014 EUR 1,000 1.625% London XS1048521733
10 May 2021 10 May 2016 USD 1,500 1.875% New York US822582BS00
12 Sep 2021 12 Sep 2016 USD 1,000 1.750% New York US822582BW12
15 Mar 2022 15 Sep 2015 EUR 1,250 1.250% London XS1292484323
06 Apr 2022 06 Nov 2014 EUR 1,000 1.000% London XS1135276332
21 Aug 2022 21 Aug 2012 USD 1,000 2.375% New York US822582AS19
06 Jan 2023 06 Dec 2012 USD 1,000 2.250% New York US822582AV48
12 Aug 2023 12 Aug 2013 USD 1,000 3.400% New York US822582AX04
21 Aug 2023 21 Aug 2015 CHF 800 0.375% Zurich CH0292877880
12 May 2024 12 May 2016 EUR 750 0.750% London XS1411405662
15 Feb 2025 15 Aug 2016 EUR 1,250 0.375% London XS1476654238
11 May 2025 11 May 2015 USD 2,750 3.250% New York US822582BD31
15 Sep 2025 15 Sep 2015 EUR 1,000 1.875% London XS1292468045
24 Mar 2026 24 Mar 2014 EUR 1,000 2.500% London XS1048529041
10 May 2026 10 May 2016 USD 1,750 2.875% New York US822582BT82
12 Sep 2026 12 Sep 2016 USD 1,000 2.500% New York US822582BX94
20 Jan 2027 06 Nov 2014 EUR 1,250 1.625% London XS1135277140
12 May 2028 12 May 2016 EUR 1,000 1.250% London XS1411401083
15 Aug 2028 15 Aug 2016 EUR 1,000 0.750% London XS1476654584
21 Aug 2028 21 Aug 2015 CHF 525 0.875% Zurich CH0292877898
11 May 2035 11 May 2015 USD 1,500 4.125% New York US822582BE14
15 Dec 2038 11 Dec 2008 USD 2,750 6.375% New York US822582AD40
25 Mar 2040 25 Mar 2010 USD 1,000 5.500% New York US822582AN22
21 Aug 2042 21 Aug 2012 USD 500 3.625% New York US822582AT91
12 Aug 2043 12 Aug 2013 USD 1,250 4.550% New York US822582AY86
11 May 2045 11 May 2015 USD 3,000 4.375% New York US822582BF88
10 May 2046 10 May 2016 USD 2,250 4.000% New York US822582BQ44
12 Sep 2046 12 Sep 2016 USD 1,250 3.750% New York US822582BY77
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Publicly listed bonds, current outstanding


Maturity Currency Million Coupon Listing

20 Sep 2018 USD 300 3-month LIBOR + 0.75% London


16 Nov 2018 EUR 1,000 3.000% London
16 Jul 2019 EUR 750 3.625% London
02 Oct 2019 HKD 370 3.940% London
09 Dec 2020 USD 650 4.000% London
15 Oct 2021 USD 1,350 4.000% London
21 Nov 2022 EUR 775 1.250% London
01 Dec 2025 GBP 750 5.125% London
21 Nov 2029 EUR 800 2.250% London
17 Oct 2033 EUR 100 3.500% London
04 Nov 2036 GBP 750 5.000% London
15 Oct 2041 USD 900 5.125% London
Royal Dutch Shell plc Investors’ Handbook 2013-2017

Financial Calendar in 2018


The Annual General Meeting 2017 Fourth 2018 First 2018 Second 2018 Third
will be held on May 22, 2018. quarter[A] quarter[B] quarter[B] quarter[B]
Results announcements February 1 April 26 July 26 November 1
Interim dividend timetable
Announcement date February 1 [C] April 26 July 26 November 1
Ex-dividend date [D] February 15 May 10 August 9 November 15
Record date February 16 May 11 August 10 November 16
Closing date for currency election [E] March 2 May 25 August 24 November 30
Euro and sterling equivalents announcement date March 9 June 4 September 3 December 6
Payment date March 26 June 18 September 17 December 19
[A] In respect of the financial year ended December 31, 2017.
[B] In respect of the financial year ended December 31, 2018.
[C] The Directors do not propose to recommend any further distribution in respect of 2017.

[D] The New York Stock Exchange (NYSE), with effect from September 5, 2017, reduced the standard settlement cycle in accordance with the SEC amendments to
Exchange Act Rule 15c6-1(a). Under these rules, regular settlement will occur on a T+2 basis for trades occurring on or after the SEC's implementation date of September 5,
2017. As a result, RDS A and B ADSs traded on the NYSE markets will now settle in line with RDS A and B shares traded on European markets, which moved to a T+2
settlement basis for trades in 2014, resulting in the same ex-dividend date for RDS A and B shares, and RDS A and B ADSs. Record dates will not change.
[E] A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately through Euroclear
Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee
arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.